Question

A bank has total interest income of $62.736 million and total noninterest income of $10.077 million. This bank has total interest expenses of $22.065 million and total noninterest expenses (excluding PLL) of $23.858 million. Its provision for loan losses is $1.566 million and its taxes are $3.214 million. What is this bank's net noninterest income, to the nearest $0.001 million?

Answer 1

-$15.347

Step-by-step explanation:

Calculation for What is this bank's net noninterest income

Using this formula

Net noninterest income=Total noninterest income+(Total noninterest expenses+Loan losses)

Let plug in the formula

Net noninterest income=$10.077-($23.858+$1.566,)

Net noninterest income=$10.077-$25.424

Net noninterest income=-$15.347

Therefore the bank's net noninterest income will be -$15.347