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Wells Fargo vs. U.S. Bank: how the two banks compare
Wells Fargo has about 2.7 times the total assets of U.S. Bank, according to FDIC call report data as of 06/30/2026. Wells Fargo operates more offices (4,159 vs. 2,095), and the two banks overlap in 26 states and territories where both have branches.
This comparison uses only public FDIC BankFind data. It does not rank or recommend either bank, and it does not cover account rates, fees, apps, or customer service. Both banks are trademarks of their owners; BankNearMe.com is not affiliated with either.
Side-by-side FDIC data
| Wells Fargo | U.S. Bank | |
|---|---|---|
| Legal name | Wells Fargo Bank, National Association | U.S. Bank National Association |
| FDIC certificate | #3511 | #6548 |
| Main office (charter address) Where the bank is chartered, not necessarily its corporate headquarters | Sioux Falls, SD | Cincinnati, OH |
| Established Per FDIC records | 1870 | 1863 |
| Holding company As listed by the FDIC | WELLS FARGO&COMPANY | U S BCORP |
| Primary federal regulator | Office of the Comptroller of the Currency (OCC) | Office of the Comptroller of the Currency (OCC) |
| Total assets | $1.91T | $705.6B |
| Total deposits | $1.56T | $541.9B |
| Net income, year to date Through 06/30/2026 | $12.8B | $4.2B |
| Return on assets (ROA) Annualized | 1.38% | 1.23% |
| Return on equity (ROE) Annualized | 14.88% | 12.38% |
| Offices | 4,159 | 2,095 |
| Deposits per office Total deposits divided by offices | $376M | $259M |
| States and territories with branches Including D.C. | 40 | 29 |
Financial data from the 06/30/2026 FDIC call report; branch locations from the FDIC BankFind locations index (updated 2026-11-06). Dollar figures are rounded.
Where each bank has branches
Both banks (26): Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Oregon, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin, Wyoming
Only Wells Fargo (14): Alabama, Alaska, Connecticut, Delaware, District of Columbia, Maryland, Massachusetts, Michigan, Mississippi, New Jersey, New York, Pennsylvania, South Carolina, Virginia
Only U.S. Bank (3): Indiana, Kentucky, Ohio
Branch counts in the top 15 states
| State | Wells Fargo | U.S. Bank |
|---|---|---|
| California | 765 | 562 |
| Texas | 456 | 3 |
| Florida | 455 | 3 |
| Washington | 110 | 136 |
| Minnesota | 119 | 105 |
| North Carolina | 216 | 7 |
| Colorado | 117 | 102 |
| Arizona | 153 | 56 |
| New Jersey | 192 | 0 |
| Oregon | 71 | 114 |
| Illinois | 27 | 152 |
| Georgia | 176 | 1 |
| Virginia | 177 | 0 |
| Pennsylvania | 166 | 0 |
| Ohio | 0 | 160 |
Counts are FDIC-reported branch locations by state. To see the specific branches near you, search Wells Fargo locations or search U.S. Bank locations by ZIP or city.
What these numbers mean
- Total assets measure overall size: loans, securities, and cash the bank holds.
- Return on assets shows how much profit a bank earns per dollar of assets; return on equity shows profit relative to shareholders' capital. Both are annualized figures from the call report.
- Office count is a rough guide to in-person access, but what matters most is whether a branch is near where you live and work.
- Size doesn't change FDIC coverage. Every insured bank's deposits are covered up to $250,000 per depositor, per bank, per ownership category.
What FDIC data doesn't tell you
Account APYs, monthly fees, overdraft policies, ATM networks, and app quality aren't in FDIC data. Compare those on each bank's own disclosures, and check today's national average savings and CD rates or the best nationwide CD rates before you choose. Our CD calculator and savings calculator show what a given APY earns.
Frequently asked questions
Which is bigger, Wells Fargo or U.S. Bank?
By total assets, Wells Fargo is larger: $1.91T vs. $705.6B for U.S. Bank, as of the 06/30/2026 FDIC call report. By deposits it is $1.56T for Wells Fargo and $541.9B for U.S. Bank.
Which has more branches, Wells Fargo or U.S. Bank?
Wells Fargo reports 4,159 offices to the FDIC, compared with 2,095 for U.S. Bank. Wells Fargo has branches in 40 states and territories (including D.C.) and U.S. Bank in 29.
Are Wells Fargo and U.S. Bank FDIC-insured?
Yes. Wells Fargo Bank, National Association (FDIC Cert #3511) and U.S. Bank National Association (FDIC Cert #6548) are both active FDIC-insured banks. Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, so money at the two banks is insured separately.
Is Wells Fargo or U.S. Bank better for me?
FDIC data shows size, reach, and financial results, not account rates, fees, or service quality. Compare the specific account's APY, monthly fees, minimums, and the branches near you, and check the national averages on our rates page.
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Sources: FDIC BankFind Suite API (institutions and locations), Wells Fargo on FDIC BankFind, U.S. Bank on FDIC BankFind; deposit insurance limits from FDIC.gov. Educational only; not financial advice.