Savings Banks & Thrifts in the US - Industry Market Research Report

Penny Pinching: Decreased Regulatory Oversight and a Broad Economic Recovery Will Likely Drive Industry Growth

The Savings Banks and Thrifts industry has exhibited moderate growth over the five years to 2019 due to favorable economic conditions and increased demand for residential mortgages. Rising per capita disposable income and low interest rates have resulted in a rejuvenated housing market. As demand for housing has risen, demand for residential mortgages has boosted industry revenue. Over the past five years, the industry has been a major beneficiary of the strengthening housing market, as residential loans account for nearly half of industry revenue. Consumers have been more willing to take out large loans over the past five years as a sustained period of low interest rates and rising capital markets have contributed to an increased perception of wealth. Decreased regulatory oversight and continued strength in the housing market are expected to drive industry growth over the five years to 2024. The passing of the Economic Growth, Regulatory Relief and Consumer Protection Act in May 2018 is expected to benefit industry operations over the coming years as restrictive compliance measures enacted under the Dodd-Frank Wall Street Reform and Consumer Protection Act are scaled back.This industry includes companies that accept customer deposits and place them into interest-bearing products like savings accounts and certificates of deposit. Industry operators then loan these deposits at higher interest rates through consumer and business loans and make profit on the difference. This industry only covers companies governed by the Office of Comptroller of the Currency; commercial banks and credit unions are not included in the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.