5 Most Profitable Industries in the US in 2024

2. Banks (Regional)

Industry Net Margin (2024): 29.67%

Second on our list with an industry net margin of 29.67%, is the banking industry (regional). The banks (regional) industry, unlike money centers, offer specified commercial banking services to customers. These banks are relatively smaller than money centers. The PNC Financial Services Group, Inc. (NYSE:PNC) is a popular financial service and banking company with a market capitalization of $68.77 billion, as of August 16. PNC Financial Services (NYSE:PNC) operates in 28 states and has 2,500 branches across the country. PNC Financial Services (NYSE:PNC) logged $4.78 billion and $33.54 billion in trailing 12-month net income and revenue, as of June 30.