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PIMCO Tacticalome Fund (TSX:PTI.UN) Net Interest Margin (Bank Only) % : 23.38% (As of Dec. 2023)


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What is PIMCO Tacticalome Fund 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. PIMCO Tacticalome Fund's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was C$26.76 Mil. PIMCO Tacticalome Fund's average earning assets for the quarter that ended in Dec. 2023 was C$114.47 Mil. Therefore, PIMCO Tacticalome Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 23.38%.


PIMCO Tacticalome Fund Net Interest Margin (Bank Only) % Historical Data

The historical data trend for PIMCO Tacticalome Fund'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.

PIMCO Tacticalome Fund Net Interest Margin (Bank Only) % Chart

PIMCO Tacticalome Fund Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
- 21.13 25.85 23.88

PIMCO Tacticalome Fund Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial 22.94 25.50 26.54 23.84 23.38

Competitive Comparison of PIMCO Tacticalome Fund's Net Interest Margin (Bank Only) %

For the Asset Management subindustry, PIMCO Tacticalome Fund'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.


PIMCO Tacticalome Fund's Net Interest Margin (Bank Only) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, PIMCO Tacticalome Fund's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where PIMCO Tacticalome Fund's Net Interest Margin (Bank Only) % falls into.



PIMCO Tacticalome Fund 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).

PIMCO Tacticalome Fund'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 )
=28.474/( (131.373 + 107.069)/ 2 )
=28.474/119.221
=23.88 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=131.373 + 0 + 0
=131.373

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=107.069 + 0 + 0
=107.069

PIMCO Tacticalome Fund'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: Jun. 2023 ) + Earning Assets (Q: Dec. 2023 ))/ count )
=26.76/( (121.875 + 107.069)/ 2 )
=26.76/114.472
=23.38 %

where

Earning Assets(Q: Jun. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=121.875 + 0 + 0
=121.875

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=107.069 + 0 + 0
=107.069

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


PIMCO Tacticalome Fund  (TSX:PTI.UN) 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.


PIMCO Tacticalome Fund Net Interest Margin (Bank Only) % Related Terms

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PIMCO Tacticalome Fund (TSX:PTI.UN) Business Description

Traded in Other Exchanges
N/A
Address
199 Bay Street, Commerce Court West, Suite 2050, Toronto, ON, CAN, M5L1G2
PIMCO Tactical Income Fund is a closed-end investment fund company. The Fund's investment objectives are to provide unitholders with current income as the primary objective and capital appreciation as a secondary objective, through various market cycles, by utilizing a dynamic asset allocation among multiple sectors in various credit markets, including corporate debt, mortgage-related, and other asset-backed securities, government and sovereign debt, taxable municipal bonds, other fixed-, variable- and floating-rate income-producing securities of U.S. and various issuers, including emerging market issuers, and real estate-related investments.

PIMCO Tacticalome Fund (TSX:PTI.UN) Headlines

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