NewtekOne (NAS:NEWT) Net Interest Margin (Bank Only) %

: 3.78% (As of Mar. 2023)

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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. NewtekOne's annualized Net Interest Income (for Banks) for the quarter that ended in Mar. 2023 was $18.3 Mil. NewtekOne's average earning assets for the quarter that ended in Mar. 2023 was $484.5 Mil. Therefore, NewtekOne's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2023 was 3.78%.

NewtekOne Net Interest Margin (Bank Only) % Historical Data

The historical data trend for NewtekOne'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.

NewtekOne Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Net Interest Margin (Bank Only) %

32.86

29.99

116.15

50.00

9.59

NewtekOne Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Net Interest Margin (Bank Only) %																7.17	8.20	10.74	20.19	3.78

Competitive Comparison

For the Banks - Regional subindustry, NewtekOne'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.

Annual Data Quarterly Data

NewtekOne Net Interest Margin (Bank Only) % Distribution

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

* The bar in red indicates where NewtekOne's Net Interest Margin (Bank Only) % falls in comparison to its industry or sector. The grey bar indicates the Net Interest Margin (Bank Only) %'s extreme value range as defined by GuruFocus.

NewtekOne 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).

NewtekOne's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2022 is calculated as

	Net Interest Margin (Bank Only) %		(A: Dec. 2022 )
=	(Interest Income + Interest Expense)	/	Average Earning Assets
=	Net Interest Income (for Banks)	/	( (Earning Assets (A: Dec. 2021 )	+	Earning Assets (A: Dec. 2022 ))	/ count )
=	12.292	/	( (184.463	+	71.914)	/ 2 )
=	12.292	/	128.1885
=	9.59 %

where

	Earning Assets		(A: Dec. 2021 )
=	Money Market Investments	+	Net Loan	+	Securities & Investments
=	184.463	+	0	+	0
=	184.463

	Earning Assets		(A: Dec. 2022 )
=	Money Market Investments	+	Net Loan	+	Securities & Investments
=	71.914	+	0	+	0
=	71.914

NewtekOne's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2023 is calculated as

	Net Interest Margin (Bank Only) %		(Q: Mar. 2023 )
=	(Interest Income + Interest Expense)	/	Average Earning Assets
=	Net Interest Income (for Banks)	/	( (Earning Assets (Q: Dec. 2022 )	+	Earning Assets (Q: Mar. 2023 ))	/ count )
=	18.332	/	( (71.914	+	897.027)	/ 2 )
=	18.332	/	484.4705
=	3.78 %

where

	Earning Assets		(Q: Dec. 2022 )
=	Money Market Investments	+	Net Loan	+	Securities & Investments
=	71.914	+	0	+	0
=	71.914

	Earning Assets		(Q: Mar. 2023 )
=	Money Market Investments	+	Net Loan	+	Securities & Investments
=	72.599	+	823.068	+	1.36
=	897.027

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 (Mar. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.

NewtekOne (NAS:NEWT) 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.

NewtekOne Net Interest Margin (Bank Only) % Related Terms

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NewtekOne (NAS:NEWT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NewtekOne Inc (NAS:NEWT) » Definitions » Net Interest Margin (Bank Only) %

Comparable Companies

Traded in Other Exchanges

1N31:Germany

Address

4800 T Rex Avenue, Suite 120, Boca Raton, FL, USA, 33431

Website

https://www.newtekone.com

NewtekOne Inc, formerly Newtek Business Services Corp is a non-diversified closed-end management investment company. The firm's investment objective is to generate current income and capital appreciation. The company provides business solutions that are designed to help organizations to grow sales, reduce costs, and minimize risk. Its solutions include web design, domains, hosting, website security, and others.

Executives

Fernando Perez-hickman	director	200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Halli Razon-feingold	director	4800 T-REX AVENUE, SUITE 120, BOCA RATON FL 33019
Nicolas Young	officer: Chief Risk Officer	200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Nicholas J Leger	officer: Chief Accounting Officer	348 ALFRED STREET, NORTH BABYLON NY 11703
Christopher Towers	officer: Chief Accounting Officer	1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS NY 11042
Gregory L Zink	director	1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS NY 11042
Nilesh Joshi	officer: Chief Information Officer	5617 W. MOLLY LANE, PHOENIX AZ 85083
Dean Choksi	officer: Treasurer	212 WEST 35TH STREET, FLOOR 2, NEW YORK NY 10001
John Raven	officer: Chief Info. Security Officer
Richard J Salute	director	P O BOX 306, WOODBURY NY 11797
Michael Adam Schwartz	officer: Chief Legal Officer, Secretary	C/O NEWTEK BUSINESS SERVICES INC, 462 SEVENTH AVENUE, 14TH FLOOR, NEW YORK NY 10018
Barry Sloane	director, officer: CEO and President
Peter Mathison Downs	director	1440 PINEACRES BLVD, BAY SHORE NY 11706
Salvatore Francis Mulia	director	4 WHITNEY STREET EXTENSION, WESTPORT CT 06880
Jennifer Catherine Eddelson	officer: Principal Financial Officer	60 HEMPSTEAD AVENUE, 6TH FLOOR, WEST HEMPSTEAD NY 11552