What qualifies as net income for banks on financial statements? For example: Net...

80.2K

Verified Solution

Question

Accounting

What qualifies as net income for banks on financial statements?

For example:

Net Interest Income

Total Interest Income

Net Interest Income After Provision Losses

Total Non-Interest Income

Net income Available to Common Shareholders

I'm asking because I want to calculate ROAA but there is no Net Income line on the statement.

Could use some help.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students