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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. SoFi Technologies's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $1,559 Mil. SoFi Technologies's average earning assets for the quarter that ended in Dec. 2023 was $23,346 Mil. Therefore, SoFi Technologies's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 6.68%.
The historical data trend for SoFi Technologies'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.
SoFi Technologies Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | 5.29 | 2.95 | 3.96 | 5.40 | 6.47 |
SoFi Technologies Quarterly Data | |||||||||||||||||
Dec18 | Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | 6.25 | 5.95 | 6.36 | 6.57 | 6.68 |
For the Credit Services subindustry, SoFi Technologies'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 Credit Services industry and Financial Services sector, SoFi Technologies's Net Interest Margin (Bank Only) % distribution charts can be found below:
* The bar in red indicates where SoFi Technologies'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).
SoFi Technologies's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as
Net Interest Margin (Bank Only) % | (A: Dec. 2023 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (A: Dec. 2022 ) | + | Earning Assets (A: Dec. 2023 )) | / count ) |
= | 1261.74 | / | ( (14714.846 | + | 24274.458) | / 2 ) |
= | 1261.74 | / | 19494.652 | |||
= | 6.47 % |
where
Earning Assets | (A: Dec. 2022 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 453.046 | + | 13865.031 | + | 396.769 |
= | 14714.846 |
Earning Assets | (A: Dec. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 614.109 | + | 22958.414 | + | 701.935 |
= | 24274.458 |
SoFi Technologies's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 is calculated as
Net Interest Margin (Bank Only) % | (Q: Dec. 2023 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (Q: Sep. 2023 ) | + | Earning Assets (Q: Dec. 2023 )) | / count ) |
= | 1558.564 | / | ( (22417.963 | + | 24274.458) | / 2 ) |
= | 1558.564 | / | 23346.2105 | |||
= | 6.68 % |
where
Earning Assets | (Q: Sep. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 483.141 | + | 21355.084 | + | 579.738 |
= | 22417.963 |
Earning Assets | (Q: Dec. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 614.109 | + | 22958.414 | + | 701.935 |
= | 24274.458 |
* 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 (Dec. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.
SoFi Technologies (NAS:SOFI) 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.
Thank you for viewing the detailed overview of SoFi Technologies's Net Interest Margin (Bank Only) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeremy Rishel | officer: Chief Technology Officer | 234 1ST STREET, SAN FRANCISCO CA 94105 |
Anthony Noto | director, officer: Chief Executive Officer | C/O SOFI TECHNOLOGIES, INC., 234 1ST STREET, SAN FRANCISCO CA 94105 |
Christopher Lapointe | officer: Chief Financial Officer | 234 1ST ST, SAN FRANCISCO CA 94105 |
Webb Lauren Stafford | officer: Chief Marketing Officer | 234 1ST ST, SAN FRANCISCO CA 94105 |
Aaron Webster | officer: Chief Risk Officer | 234 1ST ST, SAN FRANCISCO CA 94105 |
Chad M Borton | officer: President - SoFi Bank | 38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263 |
Hele John C.r. | director | WESSEX HOUSE, 4TH FLOOR, 45 REID STREET, HAMILTON D0 HM 12 |
Robert S Lavet | officer: General Counsel and Secretary | 12061 BLUEMONT WAY, RESTON VA 20190 |
Softbank Group Corp | director, 10 percent owner | 1-7-1 KAIGAN, MINATO-KU, TOKYO M0 105-7537 |
Michelle Gill | officer: EVP & Group Business Leader | 16 FUNSTON AVENUE, SUITE A, THE PRESIDIO OF SAN FRANCISCO, SAN FRANCISCO CA 94129 |
Harvey M Schwartz | director | C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282 |
Micah Heavener | officer: Head of Operations | 234 1ST ST, SAN FRANCISCO CA 94105 |
George Thompson Hutton | director | C/O WHITE MOUNTAINS INSURANCE GROUP, LTD, 80 SOUTH MAIN STREET, HANOVER NH 03755 |
Investment Authority Qatar | director | P.O. BOX 23224, DOHA S3 QATAR |
Thomas Clayton Wilkes | director, officer: CEO - Galileo | 234 1ST ST, SAN FRANCISCO CA 94015 |
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