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CURO Group Holdings (CURO Group Holdings) Net Interest Margin (Bank Only) % : 22.74% (As of Sep. 2023)


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What is CURO Group Holdings 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. CURO Group Holdings's annualized Net Interest Income (for Banks) for the quarter that ended in Sep. 2023 was $350.8 Mil. CURO Group Holdings's average earning assets for the quarter that ended in Sep. 2023 was $1,542.6 Mil. Therefore, CURO Group Holdings's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Sep. 2023 was 22.74%.


CURO Group Holdings Net Interest Margin (Bank Only) % Historical Data

The historical data trend for CURO Group Holdings'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.

CURO Group Holdings Net Interest Margin (Bank Only) % Chart

CURO Group Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only -12.38 124.05 60.49 39.49 22.73

CURO Group Holdings 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 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 32.83 24.20 -13.55 22.74 29.88

Competitive Comparison of CURO Group Holdings's Net Interest Margin (Bank Only) %

For the Credit Services subindustry, CURO Group Holdings'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.


CURO Group Holdings's Net Interest Margin (Bank Only) % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, CURO Group Holdings's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where CURO Group Holdings's Net Interest Margin (Bank Only) % falls into.



CURO Group Holdings 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).

CURO Group Holdings's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2022 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2022 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2021 ) + Earning Assets (A: Dec. 2022 ))/ count )
=719.746/( (1587.554 + 2057.55)/ 2 )
=719.746/1822.552
=39.49 %

where

Earning Assets(A: Dec. 2021 )
=Money Market Investments + Net Loan + Securities & Investments
=98.896 + 1460.758 + 27.9
=1587.554

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=91.745 + 1965.805 + 0
=2057.55

CURO Group Holdings's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Sep. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Sep. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Jun. 2023 ) + Earning Assets (Q: Sep. 2023 ))/ count )
=350.78/( (1976.734 + 1108.48)/ 2 )
=350.78/1542.607
=22.74 %

where

Earning Assets(Q: Jun. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=109.484 + 1867.25 + 0
=1976.734

Earning Assets(Q: Sep. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=53.818 + 1054.662 + 0
=1108.48

* 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 (Sep. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


CURO Group Holdings  (OTCPK:CUROQ) 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.


CURO Group Holdings Net Interest Margin (Bank Only) % Related Terms

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CURO Group Holdings (CURO Group Holdings) Business Description

Traded in Other Exchanges
Address
200 W Hubbard Street, 8th Floor, Chicago, IL, USA, 60654
CURO Group Holdings Corp is a consumer finance company serving a full spectrum of non-prime, near-prime and prime consumers in portions of the U.S. and Canada. It offers a broad range of consumer finance products including unsecured installment loans, secured installment loans, open-end loans, and single-pay loans. The company also provides ancillary financial products including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance in the Canadian market, gold buying, retail installment sales, and money transfer services. The firm operates under three segments: US, Canada Direct Lending, and Canada POS Lending.
Executives
Chadwick Heath Faulkner director, 10 percent owner 30459 MORNING VIEW DRIVE, MALIBU CA 90265
Douglas D Clark officer: Pres., N. Amer. Direct Lending 3615 NORTH RIDGE ROAD, WICHITA KS 67205
Ismail Dawood officer: Chief Financial Officer 3527 NORTH RIDGE ROAD, WICHITA KS 67205
Robert Hurzeler director C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Gary L. Fulk officer: COO, Direct Lending 3615 NORTH RIDGE ROAD, WICHITA KS 67205
Issac Vaughn director 3615 NORTH RIDGE ROAD, WICHITA KS 67205
Michael Mcknight director, 10 percent owner THE WATERFRONT, CHESNEY HOUSE, 96 PITTS BAY ROAD, PEMBROKE D0 HM 08
Tamara L Schulz officer: Chief Accounting Officer 3615 NORTH RIDGE ROAD, WICHITA KS 67205
Daniel David Kirsche officer: Chief Technology Officer 3615 NORTH RIDGE ROAD, WICHITA KS 67205
Peter E Kalen officer: CEO, Flexiti 3615 NORTH RIDGE ROAD, WICHITA KS 67205
Jillian R Slagter officer: Chief Human Resources Officer 3615 NORTH RIDGE ROAD, WICHITA KS 67205
Ffl Partners, Llc director, 10 percent owner ONE MARITIME PLAZA, SUITE 2200, SAN FRANCISCO CA 94111-3512
Friedman Fleischer & Lowe Gp Ii, Llc director, 10 percent owner C/O FFL PARTNERS, LLC, ONE MARITIME PLAZA, SUITE 2200, SAN FRANCISCO CA 94111
Donald Gayhardt director, officer: See Remarks DOLLAR FINANCIAL CORP., 1436 LANCASTER AVE., BERWYN PA 19312
William C Baker officer: See Remarks