Forecast: Number of Commercial Bank Branches in the US

Since 2013, the number of commercial bank branches in the US has shown a consistent year-on-year decline with few exceptions. From a figure of 33.64 establishments per hundred thousand adults in 2013, the number dropped to 26.7 by 2023, signifying a steady contraction in physical bank presences. The annual CAGR over the last five years stands at -2.87%, indicating a substantial decrease. The forecast suggests that this declining trend will persist, with a projected CAGR of -1.56% leading to a figure of 24.07 establishments per hundred thousand adults by 2028.

Key trends to watch for in the future include the increasing shift towards digital banking and the potential implications of technological advancements on physical branch networks. Additionally, any regulatory changes or shifts in consumer behavior post-pandemic could further impact the trend. Monitoring these factors will be crucial in understanding the future landscape of commercial bank branches.