Arrow Financial Corporation (AROW)
Arrow Financial Corporation Tangible Common Equity Ratio: 7.11%
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AROW Tangible Common Equity Ratio Rankings
| Overall | 79th percentile | 880 of 4385 |
| Sector | 78th percentile | 191 of 871 in Financial |
| Industry | 67th percentile | 22 of 67 in Regional - Northeast Banks |
AROW Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 6.50% | Jun 2007 |
| Maximum | 7.41% | Jun 2010 |
| Average | 6.92% |
About Tangible Common Equity Ratio
The tangible common equity (TCE) ratio is a useful number to gauge leverage of a financial firm. Specifically, it answers the question: "How much can the value of a bank's assets fall before the entire value of tangible* common equity is wiped out?"
For example, assume a bank as a TCE ratio of 5%. If the value of all of the banks assets fell by 5%, theoretically stockholders would no longer have a claim on the bank's tangible assets.
Another way of thinking about the TCE ratio of 5% is that the remaining 95% of the bank's tangible assets have been purchased using loaned funds that the bank must repay.
This ratio is worth spending time with. Once investors understand its implications, they rarely look at banking businesses the same way.
* The word tangible, in accounting, essentially means anything that can be touched or traded. Cash, buildings, accounts receivable, inventories and stock holdings of a business are all tangible assets. Trade secrets, patents, copyrights, and goodwill are not tangible assets, even though they may have value.
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AROW News
Apr 25, 2:58PM Street Insider
Apr 18, 9:49AM PR Newswire
about 73 days ago by MarketBrief
Jan 25, 3:34PM Street Insider
Jan 24, 9:57AM PR Newswire
Dec 02, 4:54PM PR Newswire
Oct 26, 9:40AM Street Insider
Oct 18, 9:04AM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AROW | 23.85 | -0.05 | -0.21% | 283.82M |
| ARO | 19.19 | +0.17 | +0.89% | 1.554B |
| ARNA | 6.00 | -0.04 | -0.66% | 1.083B |
| ARMH | 23.23 | +0.13 | +0.56% | 10.46B |
| ARLP | 58.99 | +0.17 | +0.29% | 2.176B |
| ARL | 2.69 | +0.00 | +0.00% | 30.99M |
| ARKR | 14.40 | +0.05 | +0.35% | 46.66M |
| ARK | 4.13 | +0.00 | +0.00% | |
| ARII | 21.36 | -0.65 | -2.95% | 456.04M |
| ASIA | 10.92 | -0.13 | -1.18% | 791.70M |
