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Close Brothers Group (Close Brothers Group) Net Interest Margin (Bank Only) % : 6.03% (As of Jan. 2024)


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What is Close Brothers Group 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. Close Brothers Group's annualized Net Interest Income (for Banks) for the quarter that ended in Jan. 2024 was $754 Mil. Close Brothers Group's average earning assets for the quarter that ended in Jan. 2024 was $12,495 Mil. Therefore, Close Brothers Group's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jan. 2024 was 6.03%.


Close Brothers Group Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Close Brothers Group'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.

Close Brothers Group Net Interest Margin (Bank Only) % Chart

Close Brothers Group Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.26 6.40 6.81 6.08 6.56

Close Brothers Group Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 6.56 5.95 6.62 6.47 6.03

Competitive Comparison of Close Brothers Group's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, Close Brothers Group'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.


Close Brothers Group's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

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

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



Close Brothers Group 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).

Close Brothers Group's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Jul. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Jul. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Jul. 2022 ) + Earning Assets (A: Jul. 2023 ))/ count )
=763.66/( (10878.537 + 12400.644)/ 2 )
=763.66/11639.5905
=6.56 %

where

Earning Assets(A: Jul. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 10878.537 + 0
=10878.537

Earning Assets(A: Jul. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 12400.644 + 0
=12400.644

Close Brothers Group's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jan. 2024 is calculated as

Net Interest Margin (Bank Only) %(Q: Jan. 2024 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Jul. 2023 ) + Earning Assets (Q: Jan. 2024 ))/ count )
=754.002/( (12400.644 + 12588.564)/ 2 )
=754.002/12494.604
=6.03 %

where

Earning Assets(Q: Jul. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 12400.644 + 0
=12400.644

Earning Assets(Q: Jan. 2024 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 12588.564 + 0
=12588.564

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


Close Brothers Group  (OTCPK:CBGPY) 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.


Close Brothers Group Net Interest Margin (Bank Only) % Related Terms

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Close Brothers Group (Close Brothers Group) Business Description

Traded in Other Exchanges
Address
10 Crown Place, London, GBR, EC2A 4FT
Close Brothers Group PLC is a merchant banking group providing lending, deposit solutions, wealth management services, and securities trading. The company mostly provides services to small businesses and individuals in the United Kingdom. Its strategy focuses on niche markets to drive high levels of repeat business with clients. The company distributes its service offerings with a direct salesforce and an intermediated distribution network. Its banking division provides asset, invoice, motor, premium, and property finance. Close Brothers' security business is primarily a liquidity provider to U.K. retail stockbrokers and institutions. The group's asset management division offers financial planning and investment management services.

Close Brothers Group (Close Brothers Group) Headlines

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