Ellington Residential Mortgage REIT (Ellington Residential Mortgage REIT) Net Interest Margin (Bank Only) % : 0.18% (As of Dec. 2023)

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What is Ellington Residential Mortgage REIT 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. Ellington Residential Mortgage REIT's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $1.51 Mil. Ellington Residential Mortgage REIT's average earning assets for the quarter that ended in Dec. 2023 was $823.46 Mil. Therefore, Ellington Residential Mortgage REIT's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 0.18%.

Ellington Residential Mortgage REIT Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Ellington Residential Mortgage REIT'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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Ellington Residential Mortgage REIT Net Interest Margin (Bank Only) % Chart

Ellington Residential Mortgage REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Interest Margin (Bank Only) %

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0.58

1.40

2.04

1.74

-0.32

Ellington Residential Mortgage REIT 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															1.05	-0.16	-0.69	-0.49	0.18

Competitive Comparison of Ellington Residential Mortgage REIT's Net Interest Margin (Bank Only) %

For the REIT - Mortgage subindustry, Ellington Residential Mortgage REIT'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.

Ellington Residential Mortgage REIT's Net Interest Margin (Bank Only) % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Ellington Residential Mortgage REIT's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Ellington Residential Mortgage REIT's Net Interest Margin (Bank Only) % falls into.

Ellington Residential Mortgage REIT 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).

Ellington Residential Mortgage REIT'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 )
=	-2.707	/	( (894.008	+	773.548)	/ 2 )
=	-2.707	/	833.778
=	-0.32 %

where

	Earning Assets		(A: Dec. 2022 )
=	Money Market Investments	+	Net Loan	+	Securities & Investments
=	0.499	+	0	+	893.509
=	894.008

	Earning Assets		(A: Dec. 2023 )
=	Money Market Investments	+	Net Loan	+	Securities & Investments
=	0	+	0	+	773.548
=	773.548

Ellington Residential Mortgage REIT'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 )
=	1.508	/	( (873.378	+	773.548)	/ 2 )
=	1.508	/	823.463
=	0.18 %

where

	Earning Assets		(Q: Sep. 2023 )
=	Money Market Investments	+	Net Loan	+	Securities & Investments
=	37.103	+	0	+	836.275
=	873.378

	Earning Assets		(Q: Dec. 2023 )
=	Money Market Investments	+	Net Loan	+	Securities & Investments
=	0	+	0	+	773.548
=	773.548

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.

Ellington Residential Mortgage REIT (NYSE:EARN) 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.

Ellington Residential Mortgage REIT Net Interest Margin (Bank Only) % Related Terms

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Ellington Residential Mortgage REIT (Ellington Residential Mortgage REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ellington Residential Mortgage REIT (NYSE:EARN) » Definitions » Net Interest Margin (Bank Only) %

Comparable Companies

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Traded in Other Exchanges

73Z:Germany

Address

53 Forest Avenue, Old Greenwich, CT, USA, 06870

Website

http://www.earnreit.com

Ellington Residential Mortgage REIT is principally engaged in the business of acquiring, investing in, and managing residential mortgage- and real estate-related assets through its wholly-owned subsidiaries. The company's primary objective is to generate attractive current yields and risk-adjusted total returns for shareholders by investing in assets that compensate appropriately for the risks associated with them.

Executives

Mary E Mcbride	director	6199 E. PRINCETON CIRCLE, ENGLEWOOD CO 80111
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Chukudi Melvin Ike	director	53 FOREST AVENUE, OLD GREENWICH CT 06870
Ronald I Simon	director	485 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Laurence Penn	director, officer: CEO and President	52 FOREST AVENUE, OLD GREENWICH CT 06870
John Herlihy	officer: Chief Operating Officer	53 FOREST AVENUE, OLD GREENWICH CT 06870
Chris Smernoff	officer: Chief Financial Officer	53 FOREST AVENUE, OLD GREENWICH CT 06870
Mark Tecotzky	officer: Co-Chief Investment Officer	53 FOREST AVENUE, OLD GREENWICH CT 06870
Michael W Vranos	director, officer: Co-Chief Investment Officer	52 FOREST AVENUE, OLD GREENWICH CT 06870
David Miller	director	53 FOREST AVENUE, OLD GREENWICH CT 06870
Bto Earn Manager L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Tactical Opportunities Earn Holdings L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Stephen A Schwarzman	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVE, NEW YORK NY 10154
Btoa L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii Gp Management L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154