FNBT (FineMark Holdings) Scaled Net Operating Assets : -0.06 (As of Sep. 2024)

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What is FineMark Holdings Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

FineMark Holdings's operating assets for the quarter that ended in Sep. 2024 was $2,914.52 Mil. FineMark Holdings's operating liabilities for the quarter that ended in Sep. 2024 was $3,168.60 Mil. FineMark Holdings's Total Assets for the quarter that ended in Jun. 2024 was $4,134.01 Mil. Therefore, FineMark Holdings's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.06.

FineMark Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

FineMark Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(3731.695	-	2954.237)	/	3554.37
=	0.22

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	4100.755	-	369.06
=	3731.695

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3804.468	-	843.967	-	6.264
=	2954.237

FineMark Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2024 )
=	(Operating Assets (Q: Sep. 2024 )	-	Operating Liabilities (Q: Sep. 2024 ))	/	Total Assets (Q: Jun. 2024 )
=	(2914.516	-	3168.601)	/	4134.012
=	-0.06

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	4271.444	-	1356.928
=	2914.516

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3917.414	-	738.171	-	10.642
=	3168.601

* 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.

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FineMark Holdings Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

8695 College Parkway, Suite 100, Fort Myers, FL, USA, 33919

Website

https://www.finemarkbank.com

FineMark Holdings Inc operates as a bank holding company. Along with its subsidiaries, the bank offers a comprehensive array of banking, trust & investment services. Services offered by the bank include wealth management, personal banking, business banking, lending, financial planning, & investments. It also offers online access which comprises personal online banking, business online banking, client point, personal credit card, business platinum credit card, & business world credit card. The majority of the Company's revenues come from interest income and financial assets including loans, securities, derivatives, bank-owned life insurance, gain on sales of debt securities available for sale, and the gain on the termination of swap agreements outside the scope of the accounting guidance.