These KPIs provide important insights into everything from finances to operations.
If you’re a banking institution, how can you really put your finger on performance? Or be sure you’re compliant with federal regulations? You’ve got to know your numbers. More specifically, those numbers that are key performance indicators (KPIs) for the banking industry.
A multitude of KPIs can be implemented to measure every type of transaction and service in a bank to accurately evaluate performance, profit, customer service, and more. It can be hard to choose which measures to focus on, so here’s a list of bank KPIs you should track, organized by category.
Introducing ClearPoint Strategy, the ultimate tool to help you track and manage these critical KPIs effectively. With ClearPoint Strategy, you can seamlessly implement and monitor a multitude of KPIs to measure every type of transaction and service in a bank, accurately evaluating performance, profit, customer service, and more.
These metrics are applicable to banks of all sizes and cover the most important aspects of operations and management:
*Note: The three bank KPIs listed above are the holy trinity. Your stakeholders (such as investors and board) will focus on these metrics more than any others—if nothing else, your bank should track these critical KPIs.
Why go to all the trouble of monitoring KPIs? Because these metrics provide important insights into how your bank and its employees perform. You’ll know what’s contributing to your profit and what’s not, so you can make strategic decisions on everything from hiring to resource allocation.
Ultimately, KPIs evaluate the success of your bank and quantify its performance in tangible ways for your leadership and stakeholders.
Ready to optimize your bank's performance with the right KPIs? ClearPoint Strategy is here to guide you. Our comprehensive software solution makes it easy to define, track, and manage key performance indicators that are critical to your bank’s success.
Discover how ClearPoint Strategy can transform your approach to performance management. Book a personalized demo with our experts and see how our software can help you streamline your processes, improve compliance, and drive profitability.
Joseph is the Vice President of Customer Success at ClearPoint