US Banking Digital Ad Spending 2023

Banks Can Weather the Slowdown by Maximizing Ad Dollars

Banking digital ad spending growth slowed considerably in 2022 and will stay muted this year, falling far below the US average for spending overall. Instead, advertisers are focused squarely on maximizing digital ad dollars and demonstrating performance.

Key Question: How will banking digital ad spending evolve through 2025, and what will it mean for bank marketers?

KEY STAT: US banking and lending digital ad spending is facing another year of low-single-digit growth amid industry and economic uncertainty. But we expect a 2024 rebound as the environment improves and regional banks contribute more to the pie after a tough 2023.

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    Table of Contents

    1. Executive Summary
    2. Bank marketers must do more with less as economic uncertainty stalls growth.
    3. The tough environment facing banks is curtailing spending growth.
    1. But spending will still grow thanks to big banks and the ongoing shift to digital.
    2. How can bank marketers maximize digital ad dollars in 2023 and prepare for a 2024 rebound?
    3. Insider Intelligence Interviews
    1. Sources
    2. Media Gallery

    Interviewed for This Report

    Alak Shah
    Senior Vice President, Head of Integrated Media
    Interviewed August 30, 2023

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    First Published on Sep 19, 2023


    Eleni Digalaki


    Ross Benes
    Senior Analyst
    Oscar Orozco
    Director, Forecasting

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