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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. Brookline Bancorp's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $334.2 Mil. Brookline Bancorp's average earning assets for the quarter that ended in Dec. 2023 was $10,362.4 Mil. Therefore, Brookline Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 3.23%.
The historical data trend for Brookline 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.
Brookline Bancorp Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | 3.55 | 3.41 | 3.58 | 3.73 | 3.62 |
Brookline Bancorp Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | 3.71 | 3.36 | 3.30 | 3.23 | 3.11 |
For the Banks - Regional subindustry, Brookline 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.
For the Banks industry and Financial Services sector, Brookline Bancorp's Net Interest Margin (Bank Only) % distribution charts can be found below:
* The bar in red indicates where Brookline Bancorp'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).
Brookline Bancorp's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as
Net Interest Margin (Bank Only) % | (A: Dec. 2023 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (A: Dec. 2022 ) | + | Earning Assets (A: Dec. 2023 )) | / count ) |
= | 339.711 | / | ( (8273.877 | + | 10517.822) | / 2 ) |
= | 339.711 | / | 9395.8495 | |||
= | 3.62 % |
where
Earning Assets | (A: Dec. 2022 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 71.307 | + | 7545.906 | + | 656.664 |
= | 8273.877 |
Earning Assets | (A: Dec. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 77.595 | + | 9524.067 | + | 916.16 |
= | 10517.822 |
Brookline Bancorp'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 ) |
= | 334.22 | / | ( (10207.056 | + | 10517.822) | / 2 ) |
= | 334.22 | / | 10362.439 | |||
= | 3.23 % |
where
Earning Assets | (Q: Sep. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 65.46 | + | 9261.701 | + | 879.895 |
= | 10207.056 |
Earning Assets | (Q: Dec. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 77.595 | + | 9524.067 | + | 916.16 |
= | 10517.822 |
* 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.
Brookline Bancorp (NAS:BRKL) 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.
Thank you for viewing the detailed overview of Brookline Bancorp's Net Interest Margin (Bank Only) % provided by GuruFocus.com. Please click on the following links to see related term pages.
John A Hackett | director | 131 CLARENDON STREET, BOSTON MA 02116 |
Hill Willard I Jr | director | 2651 STRANG BOULEVARD, SUITE 100, YORKTOWN HEIGHTS NY 10598 |
Michael P Goldrick | officer: CEO PCSB Bank | 2651 STRANG BOULEVARD, SUITE 100, YORKTOWN HEIGHTS NY 10598 |
Carl M Carlson | officer: Chief Financial Officer | 131 CLARENDON STREET, BOSTON MA 02116 |
Bogdan Nowak | director | 131 CLARENDON STREET, BOSTON MA 02116 |
David C Chapin | director | 131 CLARENDON STREET, BOSTON MA 02116 |
Margaret Boles Fitzgerald | director | 131 CLARENDON STREET, BOSTON MA 02116 |
Doyle John J Jr | director | 131 CLARENDON STREET, BOSTON MA 02116 |
William C Tsonos | officer: CEO Bank Rhode Island | 131 CLARENDON STREET, BOSTON MA 02116 |
Charles H Peck | director | 131 CLARENDON STREET, BOSTON MA 02116 |
Michael W. Mccurdy | officer: CRO and General Counsel | 131 CLARENDON STREET, BOSTON MA 02116 |
Marissa S. Martin | officer: General Counsel | 131 CLARENDON STREET, BOSTON MA 02116 |
Darryl J. Fess | officer: CEO, Brookline Bank | 131 CLARENDON STREET, BOSTON MA 02116 |
James M Cosman | officer: Director of Operations | 131 CLARENDON STREET, BOSTON MA 02116 |
Janytra M Brooks | officer: Chief Human Resources Officer | 131 CLARENDON STREET, BOSTON MA 02116 |
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