GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Utility Split Trust (TSX:UST.PR.B.PFD) » Definitions » Net Interest Margin (Bank Only) %

Utility Split Trust (TSX:UST.PR.B.PFD) Net Interest Margin (Bank Only) % : 2.79% (As of Jun. 2016)


View and export this data going back to 2011. Start your Free Trial

What is Utility Split Trust 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. Utility Split Trust's annualized Net Interest Income (for Banks) for the quarter that ended in Jun. 2016 was C$0.40 Mil. Utility Split Trust's average earning assets for the quarter that ended in Jun. 2016 was C$14.19 Mil. Therefore, Utility Split Trust's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2016 was 2.79%.


Utility Split Trust Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Utility Split Trust'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.

Utility Split Trust Net Interest Margin (Bank Only) % Chart

Utility Split Trust Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial 4.58 1.81 2.06 2.11 3.18

Utility Split Trust Semi-Annual Data
Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16
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 2.17 1.80 3.10 2.71 2.79

Competitive Comparison of Utility Split Trust's Net Interest Margin (Bank Only) %

For the Asset Management subindustry, Utility Split Trust'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.


Utility Split Trust's Net Interest Margin (Bank Only) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Utility Split Trust's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Utility Split Trust's Net Interest Margin (Bank Only) % falls into.



Utility Split Trust 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).

Utility Split Trust's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2015 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2015 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2014 ) + Earning Assets (A: Dec. 2015 ))/ count )
=0.51/( (17.839 + 14.274)/ 2 )
=0.51/16.0565
=3.18 %

where

Earning Assets(A: Dec. 2014 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 17.839
=17.839

Earning Assets(A: Dec. 2015 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 14.274
=14.274

Utility Split Trust's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2016 is calculated as

Net Interest Margin (Bank Only) %(Q: Jun. 2016 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Dec. 2015 ) + Earning Assets (Q: Jun. 2016 ))/ count )
=0.396/( (14.274 + 14.099)/ 2 )
=0.396/14.1865
=2.79 %

where

Earning Assets(Q: Dec. 2015 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 14.274
=14.274

Earning Assets(Q: Jun. 2016 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 14.099
=14.099

* 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 (Jun. 2016) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Utility Split Trust  (TSX:UST.PR.B.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.


Utility Split Trust Net Interest Margin (Bank Only) % Related Terms

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


Utility Split Trust (TSX:UST.PR.B.PFD) Business Description

Traded in Other Exchanges
N/A
Address
Utility Split Trust was formed on October 24, 2006 and is domiciled in Canada. It is a close ended equity mutual fund of fund launched by First Asset Fund Inc. The fund is managed by First Asset Investment Management Inc. It invests in funds investing in the public equity markets. The fund also makes direct investments in the public equity markets. It seeks to invest in stocks of companies engaged in the utilities sector.

Utility Split Trust (TSX:UST.PR.B.PFD) Headlines

No Headlines