Top 5 Regional Bank Stocks in the US

In this piece, we will take a look at the top five regional bank stocks in the U.S. For more regional bank stocks, head on over to Top 25 Regional Bank Stocks in the U.S.

5. Mizuho Financial Group, Inc. (NYSE:MFG)

Market Capitalization as of December 19, 2022: $34 billion

Mizuho Financial Group, Inc. (NYSE:MFG) is a Japanese bank that offers a variety of different services that cover financial segments such as asset management, corporate banking, and retail banking. It is headquartered in Tokyo, Japan, and the firm provides debt financing, real estate services, and other products. The FDIC lists the bank as Mizuho Bank (USA) with total assets worth $6.8 billion.

Insider Monkey’s Q3 2022 survey of 920 hedge funds revealed that six had invested in Mizuho Financial Group, Inc. (NYSE:MFG).

Mizuho Financial Group, Inc. (NYSE:MFG)’s largest investor is Jim Simons’ Renaissance Technologies which owns 1.8 million shares that are worth $4 billion.

4. Truist Financial Corporation (NYSE:TFC)

Market Capitalization as of December 19, 2022: $54.55 billion

Truist Financial Corporation (NYSE:TFC) is an American bank that operates through thousands of offices all over the U.S. It offers different accounts, lending services, insurance products, and working capital financing. According to the FDIC, it is the eighth largest community bank in the U.S., with a staggering $534 billion in assets.

By the end of this year’s third quarter, 39 of the 920 hedge funds polled by Insider Monkey had invested in Truist Financial Corporation (NYSE:TFC).

Out of these, Ric Dillon’s Diamond Hill Capital is Truist Financial Corporation (NYSE:TFC)’s largest shareholder. It owns ten million shares that are worth $475 million.

3. The PNC Financial Services Group, Inc. (NYSE:PNC)

Market Capitalization as of December 19, 2022: $61.17 billion

The PNC Financial Services Group, Inc. (NYSE:PNC) is one of the oldest banks on our list as it was set up in 1852 and is currently headquartered in Pittsburgh, Pennsylvania. It has more than 2,500 branches all over America and provides services to retail customers and midsized and large businesses. Its assets of $553 billion make it the seventh largest regional bank in the U.S.

43 of the 920 hedge funds polled by Insider Monkey for their September quarter of 2022 investments held a stake in The PNC Financial Services Group, Inc. (NYSE:PNC).

The PNC Financial Services Group, Inc. (NYSE:PNC)’s largest shareholder in our database is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital which owns 1.7 million shares that are worth $262 million.

2. U.S. Bancorp (NYSE:USB)

Market Capitalization as of December 19, 2022: $64 billion

U.S. Bancorp (NYSE:USB) is an American bank that is the largest U.S. based bank that is classified as a regional bank and is also insured by the FDIC. It was set up in 1863 and is based in Minneapolis, Minnesota. The firm provides services on both individual and organizational levels, and it has more than two thousand offices. U.S. Bancorp (NYSE:USB)’s $591 billion of assets make it the largest regional bank in America apart from the big four (JPMorgan, Bank of America, Citigroup, and Wells Fargo).

Insider Monkey profiled 920 hedge funds to discover that 52 had bought U.S. Bancorp (NYSE:USB)’s shares during 2022’s third quarter.

Warren Buffett’s Berkshire Hathaway is U.S. Bancorp (NYSE:USB)’s largest shareholder. It owns 77 million shares that are worth $3 billion.

1. ICICI Bank Limited (NYSE:IBN)

Market Capitalization as of December 19, 2022: $77 billion

ICICI Bank Limited (NYSE:IBN) is an Indian bank that is headquartered in Mumbai. It is the largest U.S. regional banking stock in terms of market capitalization and has a branch in New York which is licensed by the Office of the Comptroller. ICICI Bank Limited (NYSE:IBN) is India’s largest bank as well, with $172 billion of assets. However, its deposits are not insured by the FDIC.

29 of the 920 hedge funds polled by Insider Monkey for their Q3 2022 investments owned ICICI Bank Limited (NYSE:IBN)’s shares.

ICICI Bank Limited (NYSE:IBN)’s largest shareholder is Rajiv Jain’s GQG Partners which owns 50 million shares that are worth $1 billion.

Disclosure: None. You can also take a peek at 16 Biggest Hardware Companies in the World and 10 Best Tobacco Stocks To Buy.

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