About this report: With a few exceptions, the Federal Reserve Board requires only what it defines as “large” bank holding companies (i.e., BHCs with consolidated assets in excess of $1 billion) to file line item fee income like insurance brokerage. Ranking excludes several traditional life insurers that do not engage in significant banking activities. Source: Michael White’s Bank Insurance Fee Income Report – 2019 Edition
(2018/Nationally)
| Rank | 2018 Insurance Brokerage Fee Income | Bank Name | City, State | Website |
|---|---|---|---|---|
| 1 | $1,813,000,000 | BB&T Corp. | Winston-Salem, N.C. | www.bbt.com |
| 2 | $539,000,000 | Citigroup Inc. | New York, N.Y. | www.citigroup.com |
| 3 | $153,000,000 | American Express Co. | New York, N.Y. | www.americanexpress.com |
| 4 | $105,000,000 | Wells Fargo & Co. | San Francisco, Calif. | www.wellsfargo.com |
| 5 | $91,499,000 | Eastern Bank Corp. | Boston, Mass. | www.easternbank.com |
| 6 | $89,511,000 | Associated Banc-Corp | Green Bay, Wisc. | www.associatedbank.com |
| 7 | $80,000,000 | Morgan Stanley | New York, N.Y. | www.morganstanley.com |
| 8 | $76,957,000 | First Command Financial Services Inc. | Fort Worth, Texas | www.firstcommandbank.com |
| 9 | $76,171,000 | Stifel Financial Corp. | St. Louis, Mo. | www.stifelbank.com |
| 10 | $60,453,000 | Huntington Bancshares Inc. | Columbus, Ohio | www.huntington.com |
| 11 | $59,022,000 | UBS Americas Holding LLC | New York, N.Y. | www.ubs.com/us/en.html |
| 12 | $49,431,000 | Cullen/Frost Bankers Inc. | San Antonio, Texas | www.frostbank.com |
| 13 | $48,159,000 | Discover Financial Services | Riverwoods, Ill. | www.discovercard.com |
| 14 | $47,192,000 | M&T Bank Corp. | Buffalo, N.Y. | www.mtb.com |
| 15 | $40,481,000 | Trustmark Corp. | Jackson, Miss. | www.trustmark.com |
| 16 | $34,990,000 | Lauritzen Corp. | Omaha, Neb. | www.firstnational.com |
| 17 | $34,814,000 | Fifth Third Bancorp | Cincinnati, Ohio | www.53.com |
| 18 | $32,966,000 | People’s United Financial Inc. | Bridgeport, Conn. | www.peoples.com/portal/site/peoples/ |
| 19 | $32,000,000 | Popular Inc. | San Juan, Puerto Rico | www.popular.com |
| 20 | $30,949,000 | Keycorp | Cleveland, Ohio | www.key.com/about/index.jsp |