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Wells Fargo Net Interest Margin (Bank Only) %

: 2.35% (As of Jun. 2021)
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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. 2021 was USD35,200 Mil. Wells Fargo's average earning assets for the quarter that ended in Jun. 2021 was USD1,498,730 Mil. Therefore, Wells Fargo's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2021 was 2.35%.


Wells Fargo Net Interest Margin (Bank Only) % Historical Data

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.

* Premium members only.

Wells Fargo Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Net Interest Margin (Bank Only) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.89 3.04 3.24 3.00 2.57

Wells Fargo Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 2.52 2.49 2.49 2.36 2.35

Competitive Comparison

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.

   

Wells Fargo Net Interest Margin (Bank Only) % Distribution

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.



Wells Fargo 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).

Wells Fargo's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2020 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2020 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2019 ) + Earning Assets (A: Dec. 2020 ))/ count )
=39835/( (1605708 + 1498102)/ 2 )
=39835/1551905
=2.57 %

where

Earning Assets(A: Dec. 2019 )
=Money Market Investments + Net Loan + Securities & Investments
=102140 + 957202 + 546366
=1605708

Earning Assets(A: Dec. 2020 )
=Money Market Investments + Net Loan + Securities & Investments
=65672 + 889418 + 543012
=1498102

Wells Fargo's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2021 is calculated as

Net Interest Margin (Bank Only) %(Q: Jun. 2021 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Mar. 2021 ) + Earning Assets (Q: Jun. 2021 ))/ count )
=35200/( (1489301 + 1508159)/ 2 )
=35200/1498730
=2.35 %

where

Earning Assets(Q: Mar. 2021 )
=Money Market Investments + Net Loan + Securities & Investments
=79502 + 864344 + 545455
=1489301

Earning Assets(Q: Jun. 2021 )
=Money Market Investments + Net Loan + Securities & Investments
=70149 + 847026 + 590984
=1508159

* 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. 2021) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Wells Fargo  (NYSE:WFC) 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.


Wells Fargo Net Interest Margin (Bank Only) % Related Terms

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.


Wells Fargo Business Description

Wells Fargo logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6021
Address
420 Montgomery Street, San Francisco, CA, USA, 94104
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.
Executives
Scharf Charles W director, officer: CEO & President C/O VISA INC. 900 METRO CENTER BLVD. FOSTER CITY CA 94404
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
Noski Charles H director ONE PICKWICK PLAZA GREENWICH CT 06830
Hewett Wayne M. director 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154
Chancy Mark A director 303 PEACHTREE ST. 30TH FLOOR ATLANTA GA 30308
Black Steven D director C/O JPMORGAN CHASE & CO. 270 PARK AVENUE NEW YORK NY 10017
Clark Celeste A. director C/O ADVANCEPIERRE FOODS HOLDINGS, INC. 9987 CARVER ROAD BLUE ASH OH 45242
Sargent Ronald director 1014 VINE STREET CINCINNATI OH 45202
Owens Lester officer: Sr. Executive Vice President 240 GREENWICH STREET NEW YORK NY 10286
Galloreese David officer: Sr. Executive Vice President 420 MONTGOMERY STREET SAN FRANCISCO CA 94104
Norton Amanda G officer: Sr. EVP and Chief Risk Officer 420 MONTGOMERY STREET SAN FRANCISCO CA 94104
Flowers Derek A. officer: Sr. Executive Vice President 301 SOUTH COLLEGE STREET CHARLOTTE NC 28202
Craver Theodore F Jr director DUKE ENERGY CORPORATION 550 SOUTH TRYON STREET - DEC45A CHARLOTTE NC 28202
Sommers Barry officer: Sr. Executive Vice President 30 HUDSON YARDS NEW YORK NY 10001

Wells Fargo Headlines

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