What is NewtekOne Average Interest Earning Assets (USD Mil)?
Average Interest Earning Assets (USD Mil) is the average of the beginning and ending balances of interest earning assets. Earning Assets are income-producing investments owned by a company without any significant effort on its owners.
NewtekOne's Average Interest Earning Assets (USD Mil) for the quarter that ended in Sep. 2023 was 1,061.20
, which is higher than
984.06 for the pervious quarter ended in Jun. 2023.
The historical rank and industry rank for NewtekOne's Average Interest Earning Assets (USD Mil) or its related term are showing as below:
NEWT's Average Interest Earning Assets (USD Mil) is not ranked *
in the Banks industry.
Industry Median: * Ranked among companies with meaningful Average Interest Earning Assets (USD Mil) only.
NewtekOne Average Interest Earning Assets (USD Mil) Historical Data
The historical data trend for NewtekOne's Average Interest Earning Assets (USD Mil) 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.
NewtekOne Average Interest Earning Assets (USD Mil) Chart
Competitive Comparison of NewtekOne's Average Interest Earning Assets (USD Mil)
For the Banks - Regional subindustry, NewtekOne's Average Interest Earning Assets (USD Mil), along with its competitors' market caps and Average Interest Earning Assets (USD Mil) 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.
NewtekOne (NAS:NEWT) Average Interest Earning Assets (USD Mil) Explanation
Earning assets are assets that can generate income directly, such as stocks that pay dividends, bonds that pay interest, real estate properties that generate rental income, copyright and other interest or dividend earning accounts or instruments.
Average Earning Assets are commonly used as a denominator when calculating net interest margin. This ratio can help investors determine whether or not to invest in a financial company by providing visibility into the profitability of their interest income versus their interest expenses.
NewtekOne Average Interest Earning Assets (USD Mil) Related Terms
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NewtekOne Inc is a financial holding company engaged in providing financial solutions, It has developed a financial and technology-based business model that enables itself to acquire and process its clients in a very cost-effective manner. This capability is supported in large part by NewTracker, its patented prospect management technology software, that will allow NewtekOne clients to easily interact with NewtekOne subject matter experts in the areas of Banking, Lending, Payments, Technology, Payroll, and Insurance. It offers NewtekOne's clients a single online dashboard to access all of NewtekOne's business and financial solutions.
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