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First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Net Interest Margin (Bank Only) % : 2.65% (As of Jun. 2015)


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What is First Asset CanBanc Split 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. First Asset CanBanc Split's annualized Net Interest Income (for Banks) for the quarter that ended in Jun. 2015 was C$0.42 Mil. First Asset CanBanc Split's average earning assets for the quarter that ended in Jun. 2015 was C$15.95 Mil. Therefore, First Asset CanBanc Split's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2015 was 2.65%.


First Asset CanBanc Split Net Interest Margin (Bank Only) % Historical Data

The historical data trend for First Asset CanBanc Split'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.

First Asset CanBanc Split Net Interest Margin (Bank Only) % Chart

First Asset CanBanc Split Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial 3.30 2.21 2.21 2.19 2.42

First Asset CanBanc Split Semi-Annual Data
Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15
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 2.74 2.22 2.74 2.16 2.65

Competitive Comparison of First Asset CanBanc Split's Net Interest Margin (Bank Only) %

For the Asset Management subindustry, First Asset CanBanc Split'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.


First Asset CanBanc Split's Net Interest Margin (Bank Only) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Asset CanBanc Split's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where First Asset CanBanc Split's Net Interest Margin (Bank Only) % falls into.



First Asset CanBanc Split 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).

First Asset CanBanc Split's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2014 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2014 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2013 ) + Earning Assets (A: Dec. 2014 ))/ count )
=0.401/( (16.471 + 16.619)/ 2 )
=0.401/16.545
=2.42 %

where

Earning Assets(A: Dec. 2013 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 16.471
=16.471

Earning Assets(A: Dec. 2014 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 16.619
=16.619

First Asset CanBanc Split's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2015 is calculated as

Net Interest Margin (Bank Only) %(Q: Jun. 2015 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Dec. 2014 ) + Earning Assets (Q: Jun. 2015 ))/ count )
=0.422/( (16.619 + 15.271)/ 2 )
=0.422/15.945
=2.65 %

where

Earning Assets(Q: Dec. 2014 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 16.619
=16.619

Earning Assets(Q: Jun. 2015 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 15.271
=15.271

* 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 two times the semi-annual (Jun. 2015) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


First Asset CanBanc Split  (TSX:CBU.PR.A.PFD) 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.


First Asset CanBanc Split Net Interest Margin (Bank Only) % Related Terms

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First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Business Description

Traded in Other Exchanges
N/A
Address
First Asset CanBanc Split Corp was incorporated under the laws of the Province of Ontario on September 5, 2008, is a mutual fund corporation whose investment portfolio consists of common shares of the six largest Canadian banks. The Fund's objectives in managing its capital with respect to the preferred shares are to provide preferred shareholders with fixed cumulative preferential quarterly cash distributions in the amount of $0.1625 per preferred share and to return the original issue price to preferred shareholders at the time of redemption of such shares on or about January 15, 2016. The Fund's objectives in managing its capital with respect to the Class A shares are to provide Class A shareholders with the opportunity to participate in the performance of the Fund's portfolio on a leveraged basis and to benefit from any increase in the dividends from the securities in the Fund's portfolio.

First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Headlines

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