Banking Marketing Performance Study

2025 Financial Marketing Intelligence Study

Modern tools, no system: the state of bank marketing

How U.S. banks and credit unions are using analytics, CRM, automation and multichannel advertising — and why most still can’t connect spend to results.

147 institutions31 states$180M – $38B in assetsFieldwork Q1–Q3 2025
71%
struggle significantly to tie marketing spend to product conversions
63%
of digital teams don’t fully trust their own analytics
58%
say their CRM holds incomplete or outdated data
14%
run a working cross-channel attribution model
48%
rate automation performance below expectations
★

Executive summary

The typical institution heading into 2026 already owns GA4, a CRM, an email platform and some automation. The problem isn’t the stack — it’s that the pieces are loosely wired together, measured inconsistently, and decisions still lean on instinct over evidence.

The problem

Fragmented data

Customer data is spread across many systems that rarely talk to each other, so no one sees the full picture.

The cost

Invisible waste

Without attribution, a meaningful share of digital budget can’t be linked to any outcome at all.

The fix

Alignment over software

A measurement framework, clean data and a marketing-ops owner unlock the tools banks already pay for.

1

The fragmentation crisis

The most consistent theme in the survey: data stored in too many places, collected in different ways, and nearly impossible to unify.

1.1 · Too many systems

6.3 platforms hold customer data — on average

Online bankingMobile app analyticsGA4Loan originationCRMEmail / automationBranch systems
9%

have all of these systems connected.

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1.2 · GA4 gap

Migrated to GA4 ≠ understands GA4

Migrated to GA4
80%+
Fully understand event-based analytics
11%

Recurring complaints: unclear what’s being tracked, dashboards that disagree with internal figures, and different “truths” depending on who’s asked.

1.3 · CRM quality

High adoption, low data quality

Outdated or incomplete data
58%
Duplicate contact records
44%
Missing lifecycle histories
39%
No segmentation strategy
33%

The pattern: institutions keep adding features rather than repairing the foundation.

2

Automation: big investment, small return

Onboarding flows, nurture emails and triggered alerts are table stakes — but few institutions are using them in ways that actually move product usage.

2.1 · Self-rated results

Nobody rated their automation “excellent”

48%
32%
20%
Below expectationsInconsistentSatisfactoryExcellent — 0%
2.2 · Root cause

Bad data in, broken journeys out

Nearly every automation failure traced back to incomplete CRM data. Typical symptoms:

Wrong product recommendationsTriggers that never fireStale customer journeysLeads left without follow-up
7%

2.3 · Missing role. Only 7% of banks have a dedicated marketing operations or marketing technology lead — the person who connects analytics, CRM and automation. Without one, each tool becomes an island.

3

Multichannel blindness

Bank marketing now spans paid search, social, video, email, branch, web personalization, direct mail and in-app messaging — yet 86% of respondents have no unified view of customer behavior across them.

Channels in play
Google AdsFacebook / InstagramYouTubeEmailIn-branchWeb personalizationDirect mailApp messaging
3.1 · Attribution

14% model attribution at all

Everyone else relies on last-click, instinct, or whichever channel owner argues loudest.

3.2 · Wasted budget

$380K – $1.1M / year

Estimated digital spend at a typical mid-tier bank that can’t be tied to outcomes — a visibility problem, not misconduct.

4

What banks actually want

Asked for their top frustrations, respondents didn’t ask for more tools — they asked for the ones they have to work.

1Know which campaigns really drive account openings
2Clean data so automation behaves as designed
3A CRM that shows the whole customer journey
4GA4 reports that reconcile with internal numbers
5A full-funnel view of performance
5

Six core fixes for 2026

The study’s recommendations, developed with Richardson Marketing from the gaps observed across participating institutions.

FIX 01

Build a unified measurement framework first

Before buying anything else, define what success looks like and how it’s tracked everywhere.

  • Primary KPIs (real conversions)
  • Secondary KPIs (leading signals)
  • Cross-channel conversion paths
  • Consistent naming conventions
  • One event set across GA4, CRM & automation
FIX 02

Rebuild GA4 properly — not a patch

  • Well-defined events and configured conversions
  • Duplicate / ghost events removed
  • Correct cross-domain tracking
  • App + web streams consolidated
  • Dashboards mapped to business KPIs
â–² 73% improvement in data trust after a best-practice rebuild
FIX 03

Unify CRM into a single customer view

  • De-duplication & identity resolution
  • Standardized customer attributes
  • Lifecycle mapping & behavioral tagging
  • Product-holding datasets
  • Stitched historical data
FIX 04

Make automation a lifecycle engine

ProspectNurtureOnboardingCross-sellRetentionWin-back
▲ 40–60%
applications
â–² 22%
engagement
â–¼ 15%
churn
FIX 05

Implement true cross-channel attribution

Phase AChannel-level visibility — connect cost to conversions.
Phase BMulti-touch modeling — see how channels work together.
Phase CPredictive, segment-level attribution — value at the customer level.
▼ 25–38% less wasted spend in the pilot group after attribution went live
FIX 06

Add a marketing operations function — even a team of one

The one trait every high-performing bank in the study shared: a named owner for the plumbing.

Marketing OpsAnalytics configCRM upkeepAutomation mappingData integrityTag governanceReporting
+

A practical 90-day starter plan

One way to sequence the six fixes so each step builds on the last.

Days 1–30 · Foundation

Own it & define it

Name a marketing-ops owner. Write the measurement plan: 3–5 primary KPIs, naming conventions, and a shared event dictionary. Audit where customer data lives.

Days 31–60 · Repair

Fix the data

Rebuild GA4 against the event dictionary. De-duplicate the CRM and standardize key fields. Reconcile GA4 conversions to core-banking account openings.

Days 61–90 · Activate

Connect & prove

Launch one lifecycle journey (e.g. new-account onboarding). Stand up Phase A attribution: spend vs. conversions by channel. Report monthly to leadership.

?

Where does your institution stand?

A quick self-check based on the study’s gaps. Tick what’s true today.

0/7
Start with Fix 01 and Fix 06 — a measurement plan and an owner come before anything else.

Banks don’t need more software. They need a system.

The institutions that win in 2026 will integrate what they already own, break down data silos and build a clear measurement structure. The shortfall isn’t effort — it’s alignment.

Predictable campaignsMeasurable budgetsSmarter automationRevenue, retention & growth leadership can see

Source: 2025 Banking Marketing Performance Study — MarketingBanks.com Research Group & Richardson Marketing.

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