Fire, The Wheel, Spreadsheets, and The Future
Study finds growing sophistication in measurement and control—and more need. But some basics keep on rolling
Accelerate Performance through Planning: Best Practices for Achieving Value
(Part 3 of a 3-part blog series)
Preparations for the 2018 budgeting process are underway in financial institutions. Few people relish the experience, which is often characterized by long hours and vast differences between the future financial performance executive stakeholders want and what management can deliver. Aligning strategic plans with tactical plans and associated budgets often does not occur or the linkages among these pieces are weak.
The Resurgence of Profitability Analysis
Since the financial crisis, the banking industry as a whole has been reporting record profits for several quarters, at least in terms of dollar figures. Unfortunately more meaningful measures of bank profitability–such as average return on equity, average return on assets, and net interest margin–have remained depressed or stagnant.
Incentive Compensation Management: The STAR Model
Guest blog written by: Mark Hutchinson, Vice President and Director of Financial Planning and Analysis at STAR Financial Bank
A Resurgence of Profitability Analysis for Financial Institutions: Defining the Challenge
The banking industry is full of hope with expectations of higher interest rates and decreased regulation. However, banks and credit unions still find themselves mired in one of the most challenging environments in history—an environment that is wrought with significant competition, substantial regulatory requirements, increased consumer and technology demands, and a prolonged period of languishing financial results:
Driving Better Business Decisions
Key insights into BCU's approach to profitability reporting, and interesting ways to visualize and better understand performance.
Deeper Into Data: Extract More Value From Funds Transfer Pricing Calculations
Read this article to understand how individual customers, products, channels and departments contribute to profitability and how measuring profitability is calculating funds transfer pricing.
Know Your Customers Empirically: A Client's Perspective
(Part 1 of a 3-part blog series)
Bank and credit union executives need to understand the value of their customers/members (hereafter referred to as customers), and the implications of not doing so.
A Resurgence of Profitability Analysis for Financial Institutions: A Look at Best Practices
In the previous two blogs related to the resurgence of profitability analysis in the banking industry (Defining the Challenge & Understanding the Process), we covered financial performance challenges facing financial institutions, the resurgence of profitability as a tool to help combat these challenges, and some considerations for implementing and/or improving profitability analysis processes. In this final blog, we will propose several best practices to consider as you work through the process.