depository financial institution vs banking company

depository financial institution and banking company both are nouns.

Word	Noun	Adjective	Verb	Adverb
depository financial institution	Yes	No	No	No
banking company	Yes	No	No	No

As nouns, depository financial institution and banking company are synonyms defined as:

depository financial institution and banking company: a financial institution that accepts deposits and channels the money into lending activities

Other synonyms of depository financial institution include bank, banking concern.

depository financial institution (noun)	banking company (noun)
a financial institution that accepts deposits and channels the money into lending activities	a financial institution that accepts deposits and channels the money into lending activities