Savings Institutions & Other Depository Credit Intermediation in the US - Market Research Report (2014-2029)

In need of saving: High interest rates are contributing to the industry's long-term downward trajectory

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.

The industry has largely continued on its long-term trajectory of decline over the last five years. The industry continues to lose market share to more dynamic commercial banks as well as financial technology companies. The industry received tailwinds from regulations and the real estate market as a result of recovering economy and low interest rates related to the pandemic, limiting the industry's overall decline. Savings institutions' revenue has been dropping at a CAGR of 1.9% over the past five years - including an estimated 0.1% increase in the current year - and is expected to total $71.0 billion in 2023, with profit set to grow to 44.5%.

This industry comprises establishments primarily engaged in accepting deposits, making mortgage, real estate, and other consumer and commercial loans, and investing in high-grade securities (except commercial banking and credit unions). Savings and loan associations, savings banks, private banks (i.e., unincorporated banks), and establishments known as industrial banks or Morris Plans and primarily engaged in accepting deposits are included in this industry.