NAICS 522110 · IRS SOI (C corp) · Census CBP 2023

Commercial Banking - Industry Benchmarks

$107,216/yr average annual pay across 83K establishments in NAICS 522110.

15.4%
Finance and Insurance sector margin: 1.6M
Workers employed: $107,216/yr
Avg payroll / employee

Data updated August 2026

The verdict · NAICS 522110

Texas leads Commercial Banking activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Finance and Insurance sector runs a 15.4% net margin.

15.4%
Finance and Insurance sector margin (IRS SOI): 1.6M
Workers employed (Census CBP): $107,216/yr
Avg payroll / employee

Use Commercial Banking's NAICS benchmark as a comparison point, not a forecast for one business.

Commercial Banking is reported here with financial measures from IRS Statistics of Income and workforce measures from Census County Business Patterns. The page keeps those source systems distinct, shows unavailable fields rather than estimating them, and links the underlying industry context so readers can compare the same NAICS activity before interpreting a margin or payroll figure.

Source: IRS SOI (C corporation headline) and Census County Business Patterns 2023

Benchmarking Insights for Commercial Banking

Commercial Banking sits inside Finance and Insurance, a sector that runs a 15.4% net margin overall.

82,989 establishments employ 1,630,919 workers (19.6/location) at $107,216/yr average annual pay. Texas leads employment, followed by California and Florida.

Commercial Banking sits in the 99th percentile for employment among 6-digit NAICS industries with reported data.

No recorded SBA 7(a)/504 lending for Commercial Banking in the FY2020-26 dataset.

Employment

1,630,919

Total employees (Census CBP)

Avg Payroll / Employee

$107,216/yr

Annual compensation

Establishments

82,989

Business locations

Release-over-release change

What changed from Census CBP 2022 to 2023

Employment increased by 133,752; establishment count decreased by 299. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.

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Workforce scale

Establishment size, Commercial Banking (Census SUSB)

Financial Detail

Annual Payroll (Total): $174.9B
Avg Employees per Establishment: 19.6

Top States by Employment

State	Employment	Establishments	Annual Payroll	Avg Payroll/Emp
Texas	150,635	6,553	$15.2B	$101,193/yr
California	129,731	7,361	$16.5B	$126,869/yr
Florida	96,849	4,896	$9.4B	$96,985/yr
Illinois	76,585	3,843	$8.9B	$116,713/yr
Ohio	76,084	3,230	$7.2B	$95,164/yr
New Jersey	53,658	2,202	N/A	N/A
Minnesota	45,549	1,655	$4.8B	$105,517/yr
Arizona	41,834	1,173	$3.6B	$86,043/yr
Georgia	41,635	2,473	$4.4B	$104,744/yr
Iowa	37,593	1,419	$2.9B	$77,868/yr

Showing top 10 of 51 states

Frequently Asked Questions

How profitable is Commercial Banking?

IRS SOI doesn't publish margin data at the NAICS 522110 level. Texas leads this industry nationally. The broader Finance and Insurance sector runs a 15.4% net margin (IRS SOI 2013 C corp).

How many businesses are in Commercial Banking?

82,989 business establishments. Together they employ 1,630,919 workers.

What is the average payroll per employee in Commercial Banking?

$107,216/yr average annual pay per employee. Businesses average 19.6 employees per establishment.

Which states have the most Commercial Banking employment?

Texas leads with 150,635 workers. California (129,731) and Florida (96,849) round out the top three.

Nationwide industries with similar benchmark drivers

Two IRS/Census peer sets for Commercial Banking, both at NAICS level 6 and excluding this code so the neighborhoods are not self-links.

According to Census County Business Patterns 2023, Commercial Banking ranks #10 of 801 U.S. industries at the 6-digit NAICS level by total employment.

Similar workforce scale

Nearest peer industries by ABS(Census employment) (1,630,919 here).

Home Health Care Services 1,618,759 Religious Organizations 1,576,295 Services for the Elderly and Persons with Disabilities 1,527,355

Read with this industry: Industry employment trends · Finance and Insurance · Rankings

Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.

Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023

NAICS 522110 · CBP 2023 · IRS SOI

According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.

Read our methodology - how this data is sourced, computed, and verified.

Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023 Accessed 2026-07-06

Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.

Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.