Market Cap : 151.18 B | Enterprise Value : 163 B | PE Ratio : 14.41 | PB Ratio : 0.83 |
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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. Citigroup's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2020 was $43,136 Mil. Citigroup's average earning assets for the quarter that ended in Dec. 2020 was $1,574,965 Mil. Therefore, Citigroup's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2020 was 2.74%.
* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.
* The bar in red indicates where Citigroup'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).
Citigroup's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2020 is calculated as
Net Interest Margin (Bank Only) % | (A: Dec. 2020 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (A: Dec. 2019 ) | + | Earning Assets (A: Dec. 2020 )) | / count ) |
= | 44617 | / | ( (1450460 | + | 1591904) | / 2 ) |
= | 44617 | / | 1521182 | |||
= | 2.93 % |
where
Earning Assets | (A: Dec. 2019 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 251322 | + | 685315 | + | 513823 |
= | 1450460 |
Earning Assets | (A: Dec. 2020 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 294712 | + | 650189 | + | 647003 |
= | 1591904 |
Citigroup's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2020 is calculated as
Net Interest Margin (Bank Only) % | (Q: Dec. 2020 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (Q: Sep. 2020 ) | + | Earning Assets (Q: Dec. 2020 )) | / count ) |
= | 43136 | / | ( (1558026 | + | 1591904) | / 2 ) |
= | 43136 | / | 1574965 | |||
= | 2.74 % |
where
Earning Assets | (Q: Sep. 2020 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 289358 | + | 639718 | + | 628950 |
= | 1558026 |
Earning Assets | (Q: Dec. 2020 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 294712 | + | 650189 | + | 647003 |
= | 1591904 |
* All numbers are in millions except for per share data and ratio. All numbers 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. 2020) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.
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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