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Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).
GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Nicholas Financial's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $19.54 Mil. Nicholas Financial's average earning assets for the quarter that ended in Dec. 2023 was $60.63 Mil. Therefore, Nicholas Financial's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 32.24%.
The historical data trend for Nicholas Financial's Net Interest Margin (Bank Only) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nicholas Financial Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | 26.58 | 26.41 | 25.15 | 25.73 | 29.74 |
Nicholas Financial Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | 27.09 | 24.95 | 26.70 | 29.77 | 32.24 |
For the Credit Services subindustry, Nicholas Financial's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Credit Services industry and Financial Services sector, Nicholas Financial's Net Interest Margin (Bank Only) % distribution charts can be found below:
* The bar in red indicates where Nicholas Financial's Net Interest Margin (Bank Only) % falls into.
Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).
Nicholas Financial's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Mar. 2023 is calculated as
Net Interest Margin (Bank Only) % | (A: Mar. 2023 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (A: Mar. 2022 ) | + | Earning Assets (A: Mar. 2023 )) | / count ) |
= | 40.339 | / | ( (166.285 | + | 104.987) | / 2 ) |
= | 40.339 | / | 135.636 | |||
= | 29.74 % |
where
Earning Assets | (A: Mar. 2022 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0 | + | 166.285 | + | 0 |
= | 166.285 |
Earning Assets | (A: Mar. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0 | + | 104.987 | + | 0 |
= | 104.987 |
Nicholas Financial's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 is calculated as
Net Interest Margin (Bank Only) % | (Q: Dec. 2023 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (Q: Sep. 2023 ) | + | Earning Assets (Q: Dec. 2023 )) | / count ) |
= | 19.544 | / | ( (70.946 | + | 50.306) | / 2 ) |
= | 19.544 | / | 60.626 | |||
= | 32.24 % |
where
Earning Assets | (Q: Sep. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0 | + | 70.946 | + | 0 |
= | 70.946 |
Earning Assets | (Q: Dec. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0 | + | 50.306 | + | 0 |
= | 50.306 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: Interest Expense is the negative value.
In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Dec. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.
Nicholas Financial (NAS:NICK) Net Interest Margin (Bank Only) % Explanation
The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.
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Magnolia Capital Fund, Lp | 10 percent owner | 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102 |
Jeffrey C Royal | director | 5420 NICHOLAS STREET, OMAHA NE 68132 |
Mark R Hutchins | director | 2454 MCMULLEN BOOTH RD, BUILDING C, CLEARWATER FL 33759 |
Michael Rost | officer: interim CEO | 2454 MCMULLEN BOOTH RD, BUILDING C, CLEARWATER FL 33759 |
Irina Nashtatik | officer: CFO | 2454 MCMULLEN BOOTH ROAD, BUILDING C, CLEARWATER FL 33759 |
Douglas W Marohn | officer: Snr. Vice President Branch Ops | 2454 MCMULLEN BOOTH RD, BLDG C #501B, CLEARWATER FL 33759 |
Brendan Joseph Keating | director | 8918 SPANISH RIDGE AVENUE, SUITE 100, LAS VEGAS NV 89148 |
Kelly M Malson | officer: Chief Financial Officer | 2454 MCMULLEN BOOTH ROAD, BUILDING C, CLEARWATER FL 33759 |
Adam K Peterson | director, 10 percent owner | 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102 |
Chad Steinorth | officer: Vice President and Interim CFO | 2454 MCMULLEN BOOTH ROAD, BUILDING C, CLEARWATER FL 33759 |
Jeremy Qinli Zhu | director | 1940 LINDA FLORA DRIVE, LOS ANGELES CA 90077 |
Magnolia Group, Llc | 10 percent owner | 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102 |
Robin Hastings | director | 2454 MCMULLEN BOOTH RD, BUILDING C, CLEARWATER FL 33759 |
Todd Pfister | director | 2454 MCMULLEN BOOTH ROD, BUILDING C, CLEARWATER FL 33759 |
Mahan Children Llc | 10 percent owner | 219 7TH STREET, TIERRA VERDE FL 33715 |
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