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E*TRADE Financial (E*TRADE Financial) Net Interest Margin (Bank Only) % : 2.87% (As of Jun. 2020)


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What is E*TRADE Financial 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. E*TRADE Financial's annualized Net Interest Income (for Banks) for the quarter that ended in Jun. 2020 was $1,552 Mil. E*TRADE Financial's average earning assets for the quarter that ended in Jun. 2020 was $54,123 Mil. Therefore, E*TRADE Financial's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2020 was 2.87%.


E*TRADE Financial Net Interest Margin (Bank Only) % Historical Data

The historical data trend for E*TRADE Financial'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.

E*TRADE Financial Net Interest Margin (Bank Only) % Chart

E*TRADE Financial Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.27 3.48 3.59 3.84 3.98

E*TRADE Financial Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
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 4.02 3.97 3.66 3.24 2.87

Competitive Comparison of E*TRADE Financial's Net Interest Margin (Bank Only) %

For the Capital Markets subindustry, E*TRADE Financial'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.


E*TRADE Financial's Net Interest Margin (Bank Only) % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, E*TRADE Financial's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where E*TRADE Financial's Net Interest Margin (Bank Only) % falls into.



E*TRADE Financial 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).

E*TRADE Financial's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2019 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2019 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2018 ) + Earning Assets (A: Dec. 2019 ))/ count )
=1852/( (48151 + 44944)/ 2 )
=1852/46547.5
=3.98 %

where

Earning Assets(A: Dec. 2018 )
=Money Market Investments + Net Loan + Securities & Investments
=1011 + 2103 + 45037
=48151

Earning Assets(A: Dec. 2019 )
=Money Market Investments + Net Loan + Securities & Investments
=1879 + 1595 + 41470
=44944

E*TRADE Financial's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2020 is calculated as

Net Interest Margin (Bank Only) %(Q: Jun. 2020 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Mar. 2020 ) + Earning Assets (Q: Jun. 2020 ))/ count )
=1552/( (53894 + 54352)/ 2 )
=1552/54123
=2.87 %

where

Earning Assets(Q: Mar. 2020 )
=Money Market Investments + Net Loan + Securities & Investments
=5730 + 1634 + 46530
=53894

Earning Assets(Q: Jun. 2020 )
=Money Market Investments + Net Loan + Securities & Investments
=5570 + 1608 + 47174
=54352

* 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 (Jun. 2020) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


E*TRADE Financial  (NAS:ETFC) 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.


E*TRADE Financial Net Interest Margin (Bank Only) % Related Terms

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E*TRADE Financial (E*TRADE Financial) Business Description

Traded in Other Exchanges
N/A
Address
671 North Glebe Road, Ballston Tower, Arlington, VA, USA, 22203
E-Trade is one of the largest direct-to-investor platforms in the United States and housed over $500 billion of invested assets and client cash at the end of 2019. The company generates interest income on noninvested cash on its platform, trading commissions, service charges including payment for order flow, and fees from stock plan administration. Almost all the company's revenue is generated within the U.S.
Executives
Richard J Carbone director C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR 10036-9992, NEWARK NJ 10036-9992
Joshua Weinreich director C/O ANJIE LAROCCA, DEUTSCHE BANK, 345 PARK AVENUE, NEW YORK NY 10154
Chad E. Turner officer: Chief Financial Officer 11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036
Alice Milligan officer: EVP, Chief Customer Officer 11 TIMES SQUARE 32ND FLOOR NEW YORK NY 10036
Lori Sher officer: EVP, General Counsel 11 TIMES SQUARE 32ND FLOOR NEW YORK NY 10036
Michael Jos. Murphy officer: Sr. MD, Retail Brokerage 11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036
Dirk W Wyckoff officer: Principal Accounting Officer 671 N GLEBE ROAD ARLINGTON VA 22203
Donna L Weaver director C/O E*TRADE FINANCIAL CORP. 11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036-9992
Jaime Wallace Ellertson director C/O SI CORP, 3500 LENOX ROAD SUITE 200, ATLANTA GA 30326
Rodger A Lawson director C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992
Shelley B Leibowitz director C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036
Rebecca Saeger director C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992
Michael John Curcio officer: EVP, Institutional C/O E*TRADE FINANCIAL CORP. 11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036-9992
James Lam director C/O DAVIS POLK & WARDWELL LLP 450 LEXINGTON AVE NEW YORK NY 10017
Matthew Minetola officer: Chief Information Officer 300 GALLERIA PARKWAY, NW ATLANTA GA 30339