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SB One Bancorp (SB One Bancorp) Net Interest Margin (Bank Only) % : 3.24% (As of Mar. 2020)


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What is SB One Bancorp Net Interest Margin (Bank Only) %?

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. SB One Bancorp's annualized Net Interest Income (for Banks) for the quarter that ended in Mar. 2020 was $60.72 Mil. SB One Bancorp's average earning assets for the quarter that ended in Mar. 2020 was $1,873.79 Mil. Therefore, SB One Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2020 was 3.24%.


SB One Bancorp Net Interest Margin (Bank Only) % Historical Data

The historical data trend for SB One Bancorp'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.

* Premium members only.

SB One Bancorp Net Interest Margin (Bank Only) % Chart

SB One Bancorp Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.38 3.42 3.41 3.43 3.39

SB One Bancorp Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.45 3.51 3.37 3.32 3.24

Competitive Comparison of SB One Bancorp's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, SB One Bancorp'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.


SB One Bancorp's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, SB One Bancorp's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where SB One Bancorp's Net Interest Margin (Bank Only) % falls into.



SB One Bancorp Net Interest Margin (Bank Only) % Calculation

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).

SB One Bancorp's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2019 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2019 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2018 ) + Earning Assets (A: Dec. 2019 ))/ count )
=59.06/( (1652.217 + 1834.772)/ 2 )
=59.06/1743.4945
=3.39 %

where

Earning Assets(A: Dec. 2018 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 1466 + 186.217
=1652.217

Earning Assets(A: Dec. 2019 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 1618.579 + 216.193
=1834.772

SB One Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2020 is calculated as

Net Interest Margin (Bank Only) %(Q: Mar. 2020 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Dec. 2019 ) + Earning Assets (Q: Mar. 2020 ))/ count )
=60.72/( (1834.772 + 1912.815)/ 2 )
=60.72/1873.7935
=3.24 %

where

Earning Assets(Q: Dec. 2019 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 1618.579 + 216.193
=1834.772

Earning Assets(Q: Mar. 2020 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 1674.271 + 238.544
=1912.815

* 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 (Mar. 2020) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


SB One Bancorp  (NAS:SBBX) 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.


SB One Bancorp Net Interest Margin (Bank Only) % Related Terms

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SB One Bancorp (SB One Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
95 State Route 17, Paramus, NJ, USA, 07652
SB One Bancorp is a bank holding company. The bank acts as an independent community financial services provider and offers traditional banking and related financial services to individual, business, and government customers. It offers a full array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial, consumer and mortgage loans; and the providing of other financial services. The bank operates its business through two segments, Banking and Financial Services and Insurance Services.
Executives
Anthony J Labozzetta officer: President and CEO SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
Edward J Leppert director C/O SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
Robert Mcnerney director C/O SUSSEX BANK, 399 ROUTE 23, FRANKLIN NJ 07416
Vito Giannola officer: SEVP & CBO C/O SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
Charles A Musilli director C/O SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416