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National Bank of Canada (FRA:NBC) Net Interest Margin (Bank Only) % : 0.78% (As of Jul. 2024)


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What is National Bank of Canada 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. National Bank of Canada's annualized Net Interest Income (for Banks) for the quarter that ended in Jul. 2024 was €2,068 Mil. National Bank of Canada's average earning assets for the quarter that ended in Jul. 2024 was €264,119 Mil. Therefore, National Bank of Canada's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jul. 2024 was 0.78%.


National Bank of Canada Net Interest Margin (Bank Only) % Historical Data

The historical data trend for National Bank of Canada'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.

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National Bank of Canada Net Interest Margin (Bank Only) % Chart

National Bank of Canada Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.54 1.58 1.76 1.74 1.01

National Bank of Canada Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 1.01 0.84 0.83 0.68 0.78

Competitive Comparison of National Bank of Canada's Net Interest Margin (Bank Only) %

For the Banks - Diversified subindustry, National Bank of Canada'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.


National Bank of Canada's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

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

* The bar in red indicates where National Bank of Canada's Net Interest Margin (Bank Only) % falls into.



National Bank of Canada 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).

National Bank of Canada's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Oct. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Oct. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Oct. 2022 ) + Earning Assets (A: Oct. 2023 ))/ count )
=2476.62/( (249436.863 + 243030.643)/ 2 )
=2476.62/246233.753
=1.01 %

where

Earning Assets(A: Oct. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=19638.608 + 148444.77 + 81353.485
=249436.863

Earning Assets(A: Oct. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=7776.56 + 151122.194 + 84131.889
=243030.643

National Bank of Canada's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jul. 2024 is calculated as

Net Interest Margin (Bank Only) %(Q: Jul. 2024 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Apr. 2024 ) + Earning Assets (Q: Jul. 2024 ))/ count )
=2068.012/( (260951.139 + 267285.877)/ 2 )
=2068.012/264118.508
=0.78 %

where

Earning Assets(Q: Apr. 2024 )
=Money Market Investments + Net Loan + Securities & Investments
=14420.304 + 157624.824 + 88906.011
=260951.139

Earning Assets(Q: Jul. 2024 )
=Money Market Investments + Net Loan + Securities & Investments
=9330.93 + 160958.046 + 96996.901
=267285.877

* 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 (Jul. 2024) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


National Bank of Canada  (FRA:NBC) 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.


National Bank of Canada Net Interest Margin (Bank Only) % Related Terms

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National Bank of Canada Business Description

Industry
Address
600 Rue De La Gauchetiere West, 4th Floor, Montreal, QC, CAN, H3B 4L2
National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.

National Bank of Canada Headlines

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