Applications / Mortgage Analytics / Lenders / Ohio / U.S. Bank
Cincinnati, OH · National bank · OCC · $676 billion assets · 74,635 loans in 2025
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74,635
loans originated, 2025
151,832
applications, 2025
51
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
U.S. Bank made 74,635 loans in 2025, level with 2024 while the whole market grew 10%, and well under half the 188,219 it made in 2021.
Growth was 0% while similar lenders (national banks making between an eighth and eight times as many loans) grew 10%, lower than about three in four of them. Lending by value still rose from $30.03 billion to $33.01 billion, with a typical loan of $235,000 and jumbo loans (larger than the conforming limit) at 14.8%.
It bought 45,819 loans, more than nine in ten similar lenders, though fewer than 48,686 in 2024 and far below 202,977 in 2020. That fall parallels its own originations, down from 180,649 in 2020; a choice to buy less from other lenders could also play a part.
It ranks fourth in Los Angeles and San Jose. In San Jose its share fell from 7.2% to 5.8%, behind Wells Fargo Bank, Bank of America and Citibank, which may reflect those lenders' growth or a shift in its own focus.
For first-lien home-purchase applications on owner-occupied homes it turned down 9.4%, against 11.1% for similar lenders, lower than about three in four; for refinance applications, 14.5% against 22.1%, lower than about four in five. Its LMI (low- and moderate-income) borrower share rose from 20.2% to 22.7%, still lower than about three in four similar lenders; its larger loans may explain part of that.
Questions the data can answer next
Similar lenders: same lender type, originations between an eighth and eight times the lender's. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. U.S. Bank took 151,832 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 41.8% · Refinance 26.0% · Home improvement 16.8% · Other 15.3%
Conventional 95.7% · FHA 2.6% · VA 1.5% · USDA (RHS or FSA) 0.1% · of 74,635 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| California | 16,135 | 21.6% |
| Illinois | 4,571 | 6.1% |
| Minnesota | 4,538 | 6.1% |
| Ohio | 3,965 | 5.3% |
| Missouri | 3,622 | 4.9% |
| Washington | 3,524 | 4.7% |
| Wisconsin | 2,785 | 3.7% |
| Kentucky | 2,645 | 3.5% |
| Oregon | 2,465 | 3.3% |
| Florida | 2,279 | 3.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 3,309 |
| Los Angeles-Long Beach-Glendale | 2,874 |
| Chicago-Naperville-Schaumburg | 2,575 |
| Anaheim-Santa Ana-Irvine | 2,188 |
| St. Louis | 1,990 |
| San Diego-Chula Vista-Carlsbad | 1,867 |
| Cincinnati | 1,737 |
| Oakland-Fremont-Berkeley | 1,731 |
| Riverside-San Bernardino-Ontario | 1,587 |
| Portland-Vancouver-Hillsboro | 1,478 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 6BYL5QZYBDK8S7L73M02 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 504713 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 124 | 1990–2010 |
| Respondent ID (the HMDA filer code before 2018) | 9504713 | 2011–2017 |
Established 13 July 1863. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: U.S. Bank's data.
U.S. Bank's data
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