Market Cap : 174.71 B | Enterprise Value : 205.36 B | PE Ratio : 11.05 | PB Ratio : 1.10 |
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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. Wells Fargo's annualized Net Interest Income (for Banks) for the quarter that ended in Jun. 2022 was $40,792 Mil. Wells Fargo's average earning assets for the quarter that ended in Jun. 2022 was $1,562,345 Mil. Therefore, Wells Fargo's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2022 was 2.61%.
The historical data trend for Wells Fargo'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.
For the Banks - Diversified subindustry, Wells Fargo'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.
For the Banks industry and Financial Services sector, Wells Fargo's Net Interest Margin (Bank Only) % distribution charts can be found below:
* The bar in red indicates where Wells Fargo's Net Interest Margin (Bank Only) % falls into.
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).
Wells Fargo's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2021 is calculated as
Net Interest Margin (Bank Only) % | (A: Dec. 2021 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (A: Dec. 2020 ) | + | Earning Assets (A: Dec. 2021 )) | / count ) |
= | 35779 | / | ( (1509455 | + | 1560106) | / 2 ) |
= | 35779 | / | 1534780.5 | |||
= | 2.33 % |
where
Earning Assets | (A: Dec. 2020 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 65672 | + | 889418 | + | 554365 |
= | 1509455 |
Earning Assets | (A: Dec. 2021 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 66223 | + | 891662 | + | 602221 |
= | 1560106 |
Wells Fargo's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2022 is calculated as
Net Interest Margin (Bank Only) % | (Q: Jun. 2022 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (Q: Mar. 2022 ) | + | Earning Assets (Q: Jun. 2022 )) | / count ) |
= | 40792 | / | ( (1571734 | + | 1552955) | / 2 ) |
= | 40792 | / | 1562344.5 | |||
= | 2.61 % |
where
Earning Assets | (Q: Mar. 2022 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 67764 | + | 905658 | + | 598312 |
= | 1571734 |
Earning Assets | (Q: Jun. 2022 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 55546 | + | 927092 | + | 570317 |
= | 1552955 |
* 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. 2022) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.
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.
Thank you for viewing the detailed overview of Wells Fargo's Net Interest Margin (Bank Only) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Davis Richard K | director | 800 NICOLLET MALL MINNEAPOLIS MN 55402 |
Norwood Felicia F | director | 120 MONUMENT CIRCLE INDIANAPOLIS IN 46204 |
Morken Cecelia | director | 26025 MUREAU ROAD CALABASAS CA 91302 |
Ling Bei | officer: Sr. Executive Vice President | 30 HUDSON YARDS NEW YORK NY 10001 |
Hranicky Kyle G | officer: Sr. Executive Vice President | 1000 LOUISIANA STREET HOUSTON TX 77002 |
Santos Kleber | officer: Sr. Executive Vice President | 1680 CAPITAL ONE DRIVE MCLEAN VA 22102 |
Williams Ather Iii | officer: Sr. Executive Vice President | 30 HUDSON YARDS NEW YORK NY 10001 |
Santomassimo Michael P. | officer: Sr. EVP & CFO | 225 LIBERTY STREET NEW YORK NY 10286 |
Chancy Mark A | director | 303 PEACHTREE ST. 30TH FLOOR ATLANTA GA 30308 |
Owens Lester | officer: Sr. Executive Vice President | 240 GREENWICH STREET NEW YORK NY 10286 |
Sommers Barry | officer: Sr. Executive Vice President | 30 HUDSON YARDS NEW YORK NY 10001 |
Weinbach Michael S | officer: Sr. Executive Vice President | 30 HUDSON YARDS NEW YORK NY 10001 |
Black Steven D | director | C/O JPMORGAN CHASE & CO. 270 PARK AVENUE NEW YORK NY 10017 |
Carr Muneera S | officer: EVP, CAO & Controller | 1717 MAIN STREET MAIL CODE 6500 DALLAS TX 75201 |
Patterson Ellen R | officer: Sr. EVP and General Counsel | 30 HUDSON YARDS NEW YORK NY 10001 |
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