How to Create a Benchmarking Group in Peer Comparison

As your bank continues to grow, creating a benchmarking group is a valuable tool to track your performance against your peers. By having a group of banks similar to yourself, you gain important insight into how well you are progressing as compared to those in your industry. What makes Peer Comparison’s benchmarking groups different is the ability to create these groups from your position anytime in the past. If you implemented a strategy five years ago, you can drag our timeline slider back and our formula gives you a list of similar banks to yourself at that time. Looking at this peer group today gives you an idea of how this strategy has been working and if any change should be in order.

Benchmarking groups help you to stay competitive and avoid falling behind. Your growth may not appear to be extensive, but with a benchmarking group you can put your metrics in context and give true significance to your growth rate. Watch Sally Wolgin’s video below to find out how to create a benchmarking group and gain more insight into this important group.