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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. Western Asset Investment Gradeome Fund's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2024 was $6.97 Mil. Western Asset Investment Gradeome Fund's average earning assets for the quarter that ended in Dec. 2024 was $0.19 Mil. Therefore, Western Asset Investment Gradeome Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2024 was 3,629.17%.
The historical data trend for Western Asset Investment Gradeome Fund'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.
Western Asset Investment Gradeome Fund Annual Data | |||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | 2,905.42 | 2,713.17 | 2,416.21 | 2,911.45 | 3,611.52 |
Western Asset Investment Gradeome Fund Semi-Annual Data | |||||||||||||||
Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | Jun24 | Dec24 | |
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial |
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2,700.00 | 2,801.69 | 3,668.63 | 3,752.75 | 3,629.17 |
For the Asset Management subindustry, Western Asset Investment Gradeome Fund'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, Western Asset Investment Gradeome Fund's Net Interest Margin (Bank Only) % distribution charts can be found below:
* The bar in red indicates where Western Asset Investment Gradeome Fund'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).
Western Asset Investment Gradeome Fund's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2024 is calculated as
Net Interest Margin (Bank Only) % | (A: Dec. 2024 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (A: Dec. 2023 ) | + | Earning Assets (A: Dec. 2024 )) | / count ) |
= | 6.898 | / | ( (0.181 | + | 0.201) | / 2 ) |
= | 6.898 | / | 0.191 | |||
= | 3,611.52 % |
where
Earning Assets | (A: Dec. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0.181 | + | 0 | + | 0 |
= | 0.181 |
Earning Assets | (A: Dec. 2024 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0.201 | + | 0 | + | 0 |
= | 0.201 |
Western Asset Investment Gradeome Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2024 is calculated as
Net Interest Margin (Bank Only) % | (Q: Dec. 2024 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (Q: Jun. 2024 ) | + | Earning Assets (Q: Dec. 2024 )) | / count ) |
= | 6.968 | / | ( (0.183 | + | 0.201) | / 2 ) |
= | 6.968 | / | 0.192 | |||
= | 3,629.17 % |
where
Earning Assets | (Q: Jun. 2024 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0.183 | + | 0 | + | 0 |
= | 0.183 |
Earning Assets | (Q: Dec. 2024 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 0.201 | + | 0 | + | 0 |
= | 0.201 |
* 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 (Dec. 2024) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.
Western Asset Investment Gradeome Fund (NYSE:PAI) 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 Western Asset Investment Gradeome Fund's Net Interest Margin (Bank Only) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hoffmann Courtney A. | other: Secretary/GC Subadviser | WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101 |
Andrew J. Bowden | other: COO/Subadviser | WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101 |
Oliveira Marc De | officer: Secretary / Chief LGL Officer | C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Matthew Nicholls | other: Director of Investment Adviser | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Jed A. Plafker | other: Director of Investment Adviser | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Jennifer M Johnson | other: Director of Investment Adviser | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906 |
Michael Larson | director | 2365 CARILLON POINT, KIRKLAND WA 98033 |
Ronald L Olson | director | EDISON INTERNATIONAL, 2244 WALNUT GROVE AVENUE, ROSEMEAD CA 91770 |
Susan B Kerley | director | 51 MADISON AVENUE, NEW YORK NY 10010 |
Jane F Dasher | director | KORSNAT PARTNERS, 283 GREENWICH AVE 3RD FL, GREENWICH CT 06830 |
Christopher Berarducci | officer: Treas/Principal Finan Officer | LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018 |
Ted P Becker | officer: Chief Compliance Officer | 399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022 |
Peter J. Taylor | director | 2244 WALNUT GROVE AVENUE, ROSEMEAD CA 91770 |
S. Kenneth Leech | other: Portfolio Manager - Adviser | 385 EAST COLORADO BLVD, PASADENA CA 91101 |
John Kenney | other: Director of Subadviser | 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202 |
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