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On Deck Capital (On Deck Capital) Net Interest Margin (Bank Only) % : 28.33% (As of Jun. 2020)


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What is On Deck Capital 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. On Deck Capital's annualized Net Interest Income (for Banks) for the quarter that ended in Jun. 2020 was $272.1 Mil. On Deck Capital's average earning assets for the quarter that ended in Jun. 2020 was $960.2 Mil. Therefore, On Deck Capital's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2020 was 28.33%.


On Deck Capital Net Interest Margin (Bank Only) % Historical Data

The historical data trend for On Deck Capital'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.

On Deck Capital Net Interest Margin (Bank Only) % Chart

On Deck Capital Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial 34.09 31.48 31.59 34.37 34.54

On Deck Capital 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 34.20 34.70 34.35 33.61 28.33

Competitive Comparison of On Deck Capital's Net Interest Margin (Bank Only) %

For the Credit Services subindustry, On Deck Capital'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.


On Deck Capital's Net Interest Margin (Bank Only) % Distribution in the Credit Services Industry

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

* The bar in red indicates where On Deck Capital's Net Interest Margin (Bank Only) % falls into.



On Deck Capital 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).

On Deck Capital'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 )
=383.753/( (1067.146 + 1154.703)/ 2 )
=383.753/1110.9245
=34.54 %

where

Earning Assets(A: Dec. 2018 )
=Money Market Investments + Net Loan + Securities & Investments
=37.779 + 1029.367 + 0
=1067.146

Earning Assets(A: Dec. 2019 )
=Money Market Investments + Net Loan + Securities & Investments
=40.524 + 1114.179 + 0
=1154.703

On Deck Capital'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 )
=272.068/( (1114.977 + 805.449)/ 2 )
=272.068/960.213
=28.33 %

where

Earning Assets(Q: Mar. 2020 )
=Money Market Investments + Net Loan + Securities & Investments
=29.094 + 1085.883 + 0
=1114.977

Earning Assets(Q: Jun. 2020 )
=Money Market Investments + Net Loan + Securities & Investments
=77.93 + 727.519 + 0
=805.449

* 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.


On Deck Capital  (NYSE:ONDK) 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.


On Deck Capital Net Interest Margin (Bank Only) % Related Terms

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On Deck Capital (On Deck Capital) Business Description

Traded in Other Exchanges
N/A
Address
1400 Broadway, 25th Floor, New York, NY, USA, 10018
On Deck Capital Inc is a platform for online small business lending. The company transforms small business lending by making it efficient and convenient for small businesses to access capital. Its' platform touches every aspect of the customer lifecycle, including customer acquisition, sales, scoring and underwriting, funding, and servicing and collections. It generates revenue in the form of interest income.
Executives
Bruce P Nolop director C/O E*TRADE FINANCIAL CORPORATE SERVICES, 135 EAST 57TH STREET, NEW YORK NY 10022
Chandra Dhandapani director C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Jane J. Thompson director 628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408
Mark Torossian officer: Principal Accounting Officer 1400 BROADWAY, 25TH FLOOR, NEW YORK NY 10018
Kenneth A Brause officer: Chief Financial Officer C/O ON DECK CAPITAL INC 1400 BROADWAY 25TH FLOOR NEW YORK NY 10018
Nicholas Peter Brown officer: Chief Risk Officer 1400 BROADWAY 25TH FLOOR NEW YORK NY 10018
Kampfer Cory officer: Chief Operations Officer & GC C/O ON DECK CAPITAL INC. 1400 BROADWAY 25TH FLOOR NEW YORK NY 10018
Ronald F Verni director C/O ON DECK CAPITAL INC. 1400 BROADWAY 25TH FLOOR NEW YORK NY 10018
Daniel S Henson director C/O HEALTHCARE TRUST OF AMERICA, INC., 16435 N. SCOTTSDALE ROAD, SUITE 320, SCOTTSDALE AZ 85254
Rodriquez Manuel Sanchez director C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Noah Breslow director, officer: CEO & Chairman C/O ON DECK CAPITAL INC 1400 BROADWAY 25TH FLOOR NEW YORK NY 10018
Neil E Wolfson director C/O ON DECK CAPITAL INC., 1400 BROADWAY 25TH FLOOR, NEW YORK NY 10018
Stuart J. Ellman 10 percent owner C/O RRE VENTURES, 130 EAST 59TH STREET, 17TH FLOOR, NEW YORK NY 10022
Rre Ventures Gp Iv, Llc 10 percent owner 130 EAST 59TH STREET, 17TH FLOOR, NEW YORK NY 10022
Rre Ventures Iv L P 10 percent owner 126 EAST 56TH ST NEW YORK NY 10022