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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. Saratoga Investment's annualized Net Interest Income (for Banks) for the quarter that ended in Nov. 2023 was $82.63 Mil. Saratoga Investment's average earning assets for the quarter that ended in Nov. 2023 was $27.38 Mil. Therefore, Saratoga Investment's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Nov. 2023 was 301.76%.
The historical data trend for Saratoga Investment'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.
Saratoga Investment Annual Data | |||||||||||||||||||||
Trend | Feb14 | Feb15 | Feb16 | Feb17 | Feb18 | Feb19 | Feb20 | Feb21 | Feb22 | Feb23 | |||||||||||
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | 146.97 | 146.92 | 294.09 | 462.59 | 295.40 |
Saratoga Investment Quarterly Data | ||||||||||||||||||||
Feb19 | May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | |
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | 239.69 | 186.75 | 242.86 | 271.46 | 301.76 |
For the Asset Management subindustry, Saratoga Investment'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 Asset Management industry and Financial Services sector, Saratoga Investment's Net Interest Margin (Bank Only) % distribution charts can be found below:
* The bar in red indicates where Saratoga Investment'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).
Saratoga Investment's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Feb. 2023 is calculated as
Net Interest Margin (Bank Only) % | (A: Feb. 2023 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (A: Feb. 2022 ) | + | Earning Assets (A: Feb. 2023 )) | / count ) |
= | 53.087 | / | ( (5.612 | + | 30.33) | / 2 ) |
= | 53.087 | / | 17.971 | |||
= | 295.40 % |
where
Earning Assets | (A: Feb. 2022 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 5.612 | + | 0 | + | 0 |
= | 5.612 |
Earning Assets | (A: Feb. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 30.33 | + | 0 | + | 0 |
= | 30.33 |
Saratoga Investment's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Nov. 2023 is calculated as
Net Interest Margin (Bank Only) % | (Q: Nov. 2023 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (Q: Aug. 2023 ) | + | Earning Assets (Q: Nov. 2023 )) | / count ) |
= | 82.632 | / | ( (29.128 | + | 25.639) | / 2 ) |
= | 82.632 | / | 27.3835 | |||
= | 301.76 % |
where
Earning Assets | (Q: Aug. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 29.128 | + | 0 | + | 0 |
= | 29.128 |
Earning Assets | (Q: Nov. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 25.639 | + | 0 | + | 0 |
= | 25.639 |
* 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 (Nov. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.
Saratoga Investment (NYSE:SAR) 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.
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Christian L Oberbeck | director, 10 percent owner, officer: CEO and Director | C/O KOPPERS INC, 436 SEVENTH AVENUE, SUITE 1550, PITTSBURG PA 15219 |
Steven M Looney | director | 132 WAIKU ROAD, RIDGEWOOD NJ 07450-2322 |
Henri J Steenkamp | officer: Chief Financial Officer | SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Williams George Cabell Iii | director | 5422 ALBIA ROAD, BETHESDA MD 20816 |
Elizabeth Oberbeck | 10 percent owner | C/O SARATOGA INVESTMENT CORP., 535 MADISON AVENUE, NEW YORK NY 10022 |
Michael J Grisius | director, officer: President and Director | 1919 PENNSYLVANIA AVE NW, 3RD FL, WASHINGTON DC 20006 |
Whitman Iii Charles S | director | C/O GSC INVESTMENT CORP., 12 EAST 49TH STREET, SUITE 3200, NEW YORK NY 10017 |
Phillips Charles G Iv | other: Member of 10% owner group. | C/O SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Richard A Petrocelli | director, officer: CFO, Secretary and CCO | 1350 6TH AVENUE, 18TH FLOOR, NEW YORK NY 10019 |
John P. Birkelund | other: Member of 10% owner group | ETHAN ALLEN DRIVE, DANBURY CT 06811 |
John F. Macmurray | other: Member of 10% owner group | C/O SARATOGA INVESTMENT ADVISORS, LLC, 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Durkin Charles P Jr | other: Member of 10% owner group | |
Clo Partners Llc | other: Member of 10% owner group | 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Saratoga Investment Advisors, Llc | other: Member of 10% owner group | 535 MADISON AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Ivo Turkedjiev | officer: VP Corporate Credit Group | C/O GSC INVESTMENT CORP, 888 SEVENTH AVE, NEW YORK NY 10019 |
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