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Insights and Expertise

Merchant : Call reports, 2025

By Ken Musante The table accompanying this article reflects year-end 2024
Napa Payments and Consulting and 2025 FFIEC Call report data (12/31/24 and 12/31/25).
For purposes of this review, megabanks were excluded to
he Federal Financial Institutions Examination better highlight institutions where merchant acquiring is
Council (FFIEC) publishes quarterly strategically meaningful.
Consolidated Reports of Condition and Income,
T commonly known as "Call reports." These fil- The information in the table is dependent upon the
ings provide one of the most transparent ways to evaluate information provided in Call reporting. I know, for
bank performance, including merchant processing activ- example, that Mission Valley Bank and Evolve Bank and
ity. Trust are both sponsoring banks, yet their Call reporting
does not reflect any processing.

Source: FFIEC Call Reports – https://cdr.ffiec.gov/public/

2024 Total
# Bank 2025 Total Processing Growth Total Assets Processing /
($000) Assets
Processing ($000) ($000)

1 PATHWARD, NATIONAL ASSOCIATION $ 211,619,516 $ 143,532,912 47.4% $7,563,929 27.98
2 SYNOVUS BANK $ 115,710,595 $ 114,283,606 1.2% $ 61,204,265 1.89

3 MERRICK BANK $60,975,866 $ 63,157,744 -3.5% $ 9,251,625 6.59
4 ESQUIRE BANK, NATIONAL ASSOCIATION $39,453,689 $ 36,315,348 8.6% $ 2,345,974 16.82

5 CENTRAL TRUST BANK, THE $21,081,910 $24,151,512 -12.7% $ 20,799,746 1.01
6 WOODFOREST NATIONAL BANK $16,624,952 $ 17,612,481 -5.6% $ 9,248,621 1.80

7 FFB BANK $16,533,051 $ 18,287,484 -9.6% $ 1,579,389 10.47
8 WESTAMERICA BANK $14,113,457 $ 13,234,236 6.6% $5,923,791 2.38

9 AVIDIA BANK $13,855,388 $ 9,060,144 52.9% $ 2,832,798 4.89
1
0 COMMERCIAL BANK OF CALIFORNIA $12,789,267 $7,735,147 65.3% $ 3,701,611 3.46 31

11 AXIOM BANK, NATIONAL ASSOCIATION $11,480,342 $ 14,734,689 -22.1% $ 784,087 14.64
1
2 CHESAPEAKE BANK $10,221,166 $ 8,193,258 24.8% $ 1,664,048 6.14
1
3 NORTH AMERICAN BANKING COMPANY $ 8,468,358 $ 1,166,952 625.7% $ 1,460,893 5.80

1
4 COMMERCE BANK $ 7,861,233 $ 8,217,317 -4.3% $ 32,722,351 0.24
1
5 BAYCOAST BANK $ 4,482,594 $ 4,333,357 3.4% $ 2,848,338 1.57

1
6 GEORGIA BANKING COMPANY $ 3,972,355 $ #DIV/0! $ 2,693,811 1.47
1
7 SSB BANK $ 3,360,102 $2,708,279 24.1% $ 368,085 9.13
1
8 BOKF, NATIONAL ASSOCIATION $ 3,282,023 $3,345,747 -1.9% $ 52,005,221 0.06
1
9 FULTON BANK, NATIONAL ASSOCIATION $2,721,591 $ 3,020,200 -9.9% $ 31,982,120 0.09

2
0 PINNACLE BANK $2,437,534 $2,200,886 10.8% $ 57,636,946 0.04
2
1 COMMUNITY FEDERAL SAVINGS BANK $2,160,884 $ 1,245,426 73.5% $ 866,395 2.49

2
2 HANCOCK WHITNEY BANK $ 1,920,667 $ 1,888,271 1.7% $ 35,458,426 0.05
2
3 SOFI BANK, NATIONAL ASSOCIATION $ 1,599,382 $1,763,403 -9.3% $ 46,568,135 0.03
2
4 DART BANK, THE $ 1,068,464 $986,878 8.3% $ 1,432,696 0.75

2
5 TIB, NATIONAL ASSOCIATION $1,038,356 $ 1,128,786 -8.0% $ 2,972,669 0.35