Netwealth Group (ASX:NWL) Net Interest Income (for Banks) : A$4.6 Mil (As of Dec. 2023)

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What is Netwealth Group Net Interest Income (for Banks)?

Net interest income is the income earned by banks from the fund they have on their balance sheet. Netwealth Group's net interest income for the six months ended in Dec. 2023 was A$2.4 Mil. Its net interest income for the trailing twelve months (TTM) ended in Dec. 2023 was A$4.6 Mil.

Netwealth Group's quarterly net interest income increased from Dec. 2022 (A$0.9 Mil) to Jun. 2023 (A$2.2 Mil) and increased from Jun. 2023 (A$2.2 Mil) to Dec. 2023 (A$2.4 Mil).

Netwealth Group's annual net interest income declined from Jun. 2021 (A$0.4 Mil) to Jun. 2022 (A$-0.2 Mil) but then increased from Jun. 2022 (A$-0.2 Mil) to Jun. 2023 (A$3.1 Mil).

Netwealth Group Net Interest Income (for Banks) Historical Data

The historical data trend for Netwealth Group's Net Interest Income (for Banks) 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.

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Netwealth Group Net Interest Income (for Banks) Chart

Netwealth Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Net Interest Income (for Banks)

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0.85

0.45

0.44

-0.18

3.12

Netwealth Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Net Interest Income (for Banks)	Get a 7-Day Free Trial								-0.11	-0.08	0.88	2.24	2.36

Netwealth Group Net Interest Income (for Banks) Calculation

Income earned by banks from the fund they have on their balance sheet. These funds can be from customers' deposit, bank's own equity or borrowed.

Net Interest Income (for Banks) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$4.6 Mil.

Netwealth Group (ASX:NWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Netwealth Group Ltd (ASX:NWL) » Definitions » Net Interest Income (for Banks)

Comparable Companies

Traded in Other Exchanges

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Address

180 Flinders Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.netwealth.com.au

Netwealth provides cloud-based investment administration software as a service, or SaaS, in Australia via its proprietary platform. Netwealth's platform provides portfolio administration, investment management tools, and investment and managed account services to financial intermediaries and directly to clients. The company charges SaaS fees based on funds under administration and management on its platform. Netwealth also offers Netwealth-branded investment products on its platform which are managed by third-party investment managers.