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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. Blackrock Credit Allocationome Trust's annualized Net Interest Income (for Banks) for the quarter that ended in Jun. 2024 was $73.98 Mil. Blackrock Credit Allocationome Trust's average earning assets for the quarter that ended in Jun. 2024 was $12.30 Mil. Therefore, Blackrock Credit Allocationome Trust's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2024 was 601.67%.
The historical data trend for Blackrock Credit Allocationome 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.
Blackrock Credit Allocationome Trust Annual Data | ||||||||||||||||
Trend | Oct17 | Oct18 | Oct19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | 2,898.95 | 6,118.65 | 3,727.45 | 807.78 | 432.03 |
Blackrock Credit Allocationome Trust Semi-Annual Data | ||||||||||||||
Oct17 | Apr18 | Oct18 | Apr19 | Oct19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | Jun24 | |
Net Interest Margin (Bank Only) % | Get a 7-Day Free Trial | 550.77 | 325.55 | 340.09 | 359.90 | 601.67 |
For the Asset Management subindustry, Blackrock Credit Allocationome 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.
For the Asset Management industry and Financial Services sector, Blackrock Credit Allocationome Trust's Net Interest Margin (Bank Only) % distribution charts can be found below:
* The bar in red indicates where Blackrock Credit Allocationome Trust's Net Interest Margin (Bank Only) % falls into.
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).
Blackrock Credit Allocationome Trust'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 ) |
= | 70.881 | / | ( (17.397 | + | 15.416) | / 2 ) |
= | 70.881 | / | 16.4065 | |||
= | 432.03 % |
where
Earning Assets | (A: Dec. 2022 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 17.397 | + | 0 | + | 0 |
= | 17.397 |
Earning Assets | (A: Dec. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 15.416 | + | 0 | + | 0 |
= | 15.416 |
Blackrock Credit Allocationome Trust's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2024 is calculated as
Net Interest Margin (Bank Only) % | (Q: Jun. 2024 ) | |||||
= | (Interest Income + Interest Expense) | / | Average Earning Assets | |||
= | Net Interest Income (for Banks) | / | ( (Earning Assets (Q: Dec. 2023 ) | + | Earning Assets (Q: Jun. 2024 )) | / count ) |
= | 73.984 | / | ( (15.416 | + | 9.177) | / 2 ) |
= | 73.984 | / | 12.2965 | |||
= | 601.67 % |
where
Earning Assets | (Q: Dec. 2023 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 15.416 | + | 0 | + | 0 |
= | 15.416 |
Earning Assets | (Q: Jun. 2024 ) | ||||
= | Money Market Investments | + | Net Loan | + | Securities & Investments |
= | 9.177 | + | 0 | + | 0 |
= | 9.177 |
* 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. 2024) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.
Blackrock Credit Allocationome Trust (NYSE:BTZ) 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.
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Arthur Philip Steinmetz | director | 50 HUDSON YARDS, NEW YORK NY 10001 |
Aaron David Wasserman | officer: Chief Compliance Officer | 50 HUDSON YARDS, NEW YORK NY 10001 |
Charley Hung | other: Portfolio Manager | 55 EAST 52ND STREET, NEW YORK NY 10055 |
Blackrock (singapore) Ltd. | other: Investment Adviser | 40 EAST 52ND STREET, NEW YORK NY 10022 |
Lorenzo Flores | director | 2100 LOGIC DRIVE, SAN JOSE CA 95124 |
James Phillip Holloman | director | P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262 |
Stayce D. Harris | director | 1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008 |
Trent Walker | officer: Chief Financial Officer | C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660 |
Blackrock Internationl, Ltd. | other: Investment Adviser | 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536 |
Stephan Bassas | other: Portfolio Manager | 100 BELLEVUE PARKWAY, WILMINGTON DE 19809 |
Jeffrey Cucunato | other: Portfolio Manager | 100 BELLEVUE PARKWAY, WILMINGTON DE 19809 |
Mitchell Garfin | other: Portfolio Manager | 100 BELLEVUE PARKWAY, WILMINGTON DE 19809 |
Frank Fabozzi | director | 100 BELLEVUE PARKWAY, WILMINGTON DE 19809 |
Robert Glenn Hubbard | director | 100 BELLEVUE PARKWAY, WILMINGTON DE 19809 |
Richard Cavanagh | director | 100 BELLEVUE PARKWAY, WILMINGTON DE 19809 |
From GuruFocus
By GuruFocus Research • 10-13-2023
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