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Foresight Financial Group (Foresight Financial Group) Net Interest Margin (Bank Only) % : 3.51% (As of Dec. 2023)


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What is Foresight 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. Foresight Financial Group's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $49.27 Mil. Foresight Financial Group's average earning assets for the quarter that ended in Dec. 2023 was $1,404.89 Mil. Therefore, Foresight Financial Group's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 3.51%.


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

The historical data trend for Foresight 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.

Foresight Financial Group Net Interest Margin (Bank Only) % Chart

Foresight Financial Group Annual Data
Trend Dec04 Dec05 Dec06 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.57 3.48 3.31 3.43 3.51

Foresight Financial Group Semi-Annual Data
Dec04 Dec05 Dec06 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.57 3.48 3.31 3.43 3.51

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

For the Banks - Regional subindustry, Foresight 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.


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

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

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



Foresight 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).

Foresight Financial Group's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=49.271/( (1361.693 + 1448.094)/ 2 )
=49.271/1404.8935
=3.51 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=7.493 + 954.847 + 399.353
=1361.693

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=2.722 + 1070.44 + 374.932
=1448.094

Foresight Financial Group's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Dec. 2022 ) + Earning Assets (Q: Dec. 2023 ))/ count )
=49.271/( (1361.693 + 1448.094)/ 2 )
=49.271/1404.8935
=3.51 %

where

Earning Assets(Q: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=7.493 + 954.847 + 399.353
=1361.693

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=2.722 + 1070.44 + 374.932
=1448.094

* 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 one times the annual (Dec. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Foresight Financial Group  (OTCPK:FGFH) 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.


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

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Foresight Financial Group (Foresight Financial Group) Business Description

Traded in Other Exchanges
N/A
Address
809 Cannell-Puri Court, P.O. Box 339, Suite 5, Winnebago, IL, USA, 61088
Foresight Financial Group is a bank holding company. It is established under the Federal Reserve with offices in the Northern Illinois counties of Winnebago, Stephenson, and Kankakee. Holdings of the company include German American State Bank located in German Valley, Pecatonica, Seward, and Winnebago; State Bank of Davis located in Davis and Kankakee; State Bank located in Freeport; Lena State Bank located in Lena; Northwest Bank located in Rockford, Loves Park, and Machesney Park; and State Bank of Herscher located in Herscher and Kankakee.

Foresight Financial Group (Foresight Financial Group) Headlines

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