GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The South Financial Group Inc (OTCPK:TSFGM.PFD) » Definitions » Net Interest Margin (Bank Only) %

The South Financial Group (The South Financial Group) Net Interest Margin (Bank Only) % : 2.86% (As of Jun. 2010)


View and export this data going back to . Start your Free Trial

What is The South Financial Group 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. The South Financial Group's annualized Net Interest Income (for Banks) for the quarter that ended in Jun. 2010 was $277.87 Mil. The South Financial Group's average earning assets for the quarter that ended in Jun. 2010 was $9,701.95 Mil. Therefore, The South Financial Group's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2010 was 2.86%.


The South Financial Group Net Interest Margin (Bank Only) % Historical Data

The historical data trend for The South Financial Group'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.

The South Financial Group Net Interest Margin (Bank Only) % Chart

The South Financial Group Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.29 3.22 3.12 3.14 2.97

The South Financial Group Quarterly Data
Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.01 2.94 3.07 2.91 2.86

Competitive Comparison of The South Financial Group's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, The South Financial Group'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.


The South Financial Group's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, The South Financial Group's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where The South Financial Group's Net Interest Margin (Bank Only) % falls into.



The South Financial Group 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).

The South Financial Group's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2009 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2009 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2008 ) + Earning Assets (A: Dec. 2009 ))/ count )
=331.532/( (12070.316 + 10259.16)/ 2 )
=331.532/11164.738
=2.97 %

where

Earning Assets(A: Dec. 2008 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 9975.949 + 2094.367
=12070.316

Earning Assets(A: Dec. 2009 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 8036.243 + 2222.917
=10259.16

The South Financial Group's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2010 is calculated as

Net Interest Margin (Bank Only) %(Q: Jun. 2010 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Mar. 2010 ) + Earning Assets (Q: Jun. 2010 ))/ count )
=277.872/( (9962.847 + 9441.049)/ 2 )
=277.872/9701.948
=2.86 %

where

Earning Assets(Q: Mar. 2010 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 7642.844 + 2320.003
=9962.847

Earning Assets(Q: Jun. 2010 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 7295.697 + 2145.352
=9441.049

* 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. 2010) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


The South Financial Group  (OTCPK:TSFGM.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.


The South Financial Group Net Interest Margin (Bank Only) % Related Terms

Thank you for viewing the detailed overview of The South Financial Group's Net Interest Margin (Bank Only) % provided by GuruFocus.com. Please click on the following links to see related term pages.


The South Financial Group (The South Financial Group) Business Description

Traded in Other Exchanges
N/A
Address
102 South Main Street, Greenville, SC, USA, 29601
The South Financial Group Inc runs business banks in Florida, South Carolina, and North Carolina under the names Carolina First and Mercantile Bank. It also operates a small online platform, CaroLine. The bank has a total of $12.4 billion in assets. South Financial Group is primarily located in metropolitan markets and targets small and midsize businesses.
Executives
H Lynn Harton officer: Interim CEO C/O UNITED COMMUNITY BANKS, INC., PO BOX 398, BLAIRSVILLE GA 30512
Tanya A Butts officer: Executive Vice President 104 S. MAIN STREET, GREENVILLE SC 29601
James R Gordon officer: Chief Financial Officer 104 SOUTH MAIN STREET, GREENVILLE SC 29601
Robert A. Edwards officer: EVP - Chief Risk Officer C/O UNITED COMMUNITY BANKS, INC., PO BOX 398, BLAIRSVILLE GA 30514
Donald T Heroman director C/O EQUIFAX INC, 1550 PEACHTREE STREET, N.W., ATLANTA GA 30309
Christopher T Holmes officer: Sr. Executive Vice President C/O FB FINANCIAL CORP, 211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Challis M Lowe director 100 MISSION RIDGE, GOODLETTSVILLE TN 37072
Hummers William S Iii director CAROLINA FIRST BANK, 102 S MAIN STREET, GREEENVILLE SC 29601
Maverick Capital Ltd 10 percent owner 1900 N. PEARL STREET, 20TH FLOOR, DALLAS TX 75201
Ainslie Lee S Iii 10 percent owner
Maverick Capital Management Llc 10 percent owner 300 CRESCENT COURT, 18TH FLOOR, DALLAS TX 75201
Michael Hogan director 1359 21ST AVENUE N., SUITE 105, MYRTLE BEACH SC 29577
Andrew B Cheney officer: Chairman/ Subsidiary Bank C/O CITRUS BANK, 2110 RIVER ROAD, JACKSONVILLE FL 32207
Terry James W Jr officer: Exec. Vice President HOLLINGSWORTH FUNDS, INC., 123 VERDAE BLVD., SUITE 104, GREENVILLE SC 29607
Timothy K Schools officer: Chief Financial Officer 8 WOODLAND WAY, GREENVILLE SC 29601

The South Financial Group (The South Financial Group) Headlines

No Headlines