NMBF (NMB Finl) Total Assets : $783.83 Mil (As of Dec. 2023)

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What is NMB Finl Total Assets?

NMB Finl's Total Assets for the quarter that ended in Dec. 2023 was $783.83 Mil.

Warning Sign:

If a company builds assets at 20.3% a year, faster than its revenue growth rate of 10.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, NMB Finl's average Total Assets Growth Rate was 3.30% per year. During the past 3 years, the average Total Assets Growth Rate was 24.40% per year. During the past 5 years, the average Total Assets Growth Rate was 20.30% per year.

During the past 6 years, NMB Finl's highest 3-Year average Total Assets Growth Rate was 26.90%. The lowest was 7.70%. And the median was 24.40%.

Total Assets is connected with ROA %. NMB Finl's annualized ROA % for the quarter that ended in Dec. 2023 was 1.06%. Total Assets is also linked to Revenue through Asset Turnover. NMB Finl's Asset Turnover for the quarter that ended in Dec. 2023 was 0.04.

NMB Finl Total Assets Historical Data

The historical data trend for NMB Finl's Total Assets 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.

NMB Finl Total Assets Chart

NMB Finl Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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389.28

457.91

540.73

774.32

783.83

NMB Finl Semi-Annual Data
	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Total Assets	Get a 7-Day Free Trial			389.28	457.91	540.73	774.32	783.83

NMB Finl Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

NMB Finl's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	147.324	+	636.508
	=	783.83

NMB Finl's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	147.324	+	636.508
	=	783.83

NMB Finl (OTCPK:NMBF) Total Assets Explanation

Total Assets is connected with ROA %.

NMB Finl's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	8.234	/	( (774.32	+	783.832)	/ 2 )
	=	8.234	/	779.076
	=	1.06 %

Note: The Net Income data used here is one times the annual (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

NMB Finl's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	28.26	/	( (774.32	+	783.832)	/ 2 )
=	28.26	/	779.076
=	0.04

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

NMB Finl Total Assets Related Terms

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NMB Finl Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NMB Finl Corp (OTCPK:NMBF) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

222 Bridge Plaza South, Suite 400, Fort Lee, NJ, USA, 07024

Website

https://www.nmbonline.com

NMB Finl Corp is a bank holding company of New Millennium Bank. The bank generates commercial, mortgage, and consumer loans and receives deposits from customers at its New Brunswick and Somerset New Jersey locations. In addition, it also offers various other online banking services.

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