Lexin FinTech's net interest margin amounted to 4.62% in the second quarter of 2019, down from 5.45% when compared to the previous quarter.
Historically, the bank’s net interest margin reached an all time high of 15.2% in 2Q2018 and an all time low of 4.62% in 2Q2019. The average margin in the last six quarters amounted to 9.96%.
Average asset yield was 8.51% in 2Q2019, down from 21.7% when compared to the same period last year. On the other hand, cost of funding amounted to 6.48% in 2Q2019, down from 7.55%.