>
Switch to:

Sumitomo Mitsui Financial Group Net Interest Margin (Bank Only) %

: 1.16% (As of Mar. 2022)
View and export this data going back to 2006. Start your Free Trial

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. Sumitomo Mitsui Financial Group's annualized Net Interest Income (for Banks) for the quarter that ended in Mar. 2022 was $14,770 Mil. Sumitomo Mitsui Financial Group's average earning assets for the quarter that ended in Mar. 2022 was $1,272,439 Mil. Therefore, Sumitomo Mitsui Financial Group's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2022 was 1.16%.


Sumitomo Mitsui Financial Group Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Sumitomo Mitsui Financial 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.

Sumitomo Mitsui Financial Group Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Net Interest Margin (Bank Only) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.28 1.15 1.08 1.01 1.02

Sumitomo Mitsui Financial Group Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Net Interest Margin (Bank 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.08 1.02 1.03 0.98 1.16

Competitive Comparison

For the Banks - Diversified subindustry, Sumitomo Mitsui Financial 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.

   

Sumitomo Mitsui Financial Group Net Interest Margin (Bank Only) % Distribution

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

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



Sumitomo Mitsui Financial 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).

Sumitomo Mitsui Financial Group's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Mar. 2022 is calculated as

Net Interest Margin (Bank Only) %(A: Mar. 2022 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Mar. 2021 ) + Earning Assets (A: Mar. 2022 ))/ count )
=12885.963092461/( (1262442.2005334 + 1258909.3874549)/ 2 )
=12885.963092461/1260675.7939942
=1.02 %

where

Earning Assets(A: Mar. 2021 )
=Money Market Investments + Net Loan + Securities & Investments
=53997.549197739 + 800624.69698461 + 407819.95435105
=1262442.2005334

Earning Assets(A: Mar. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=50901.917228747 + 775707.73182748 + 432299.73839872
=1258909.3874549

Sumitomo Mitsui Financial Group's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2022 is calculated as

Net Interest Margin (Bank Only) %(Q: Mar. 2022 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Dec. 2021 ) + Earning Assets (Q: Mar. 2022 ))/ count )
=14769.829664/( (1285968.1954865 + 1258909.3874549)/ 2 )
=14769.829664/1272438.7914707
=1.16 %

where

Earning Assets(Q: Dec. 2021 )
=Money Market Investments + Net Loan + Securities & Investments
=46090.409714591 + 808037.00863283 + 431840.77713912
=1285968.1954865

Earning Assets(Q: Mar. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=50901.917228747 + 775707.73182748 + 432299.73839872
=1258909.3874549

* 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 (Mar. 2022) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Sumitomo Mitsui Financial Group  (NYSE:SMFG) 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.


Sumitomo Mitsui Financial Group Net Interest Margin (Bank Only) % Related Terms

Thank you for viewing the detailed overview of Sumitomo Mitsui Financial Group's Net Interest Margin (Bank Only) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Sumitomo Mitsui Financial Group Business Description

Sumitomo Mitsui Financial Group logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6029
Address
1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005
Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second- largest bank after Mitsubishi UFJ Financial Group. As of March 2021, its market share of domestic loans was 7.0%, compared with 8.5% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third- largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management, areas that it is working on strengthening.

Sumitomo Mitsui Financial Group Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)