Cardinal Financial Corporation (CFNL)
Cardinal Financial Corporation Tangible Common Equity Ratio: 9.82%
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CFNL Tangible Common Equity Ratio Rankings
| Overall | 75th percentile | 1093 of 4385 |
| Sector | 58th percentile | 363 of 871 in Financial |
| Industry | 20th percentile | 27 of 34 in Regional - Southeast Banks |
CFNL Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 7.81% | Jun 2007 |
| Maximum | 10.67% | Mar 2011 |
| Average | 9.34% |
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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CFNL News
May 15, 7:21PM Business Wire
Apr 30, 6:53PM Business Wire
about 39 days ago by DynamicDividend
Apr 19, 7:47AM Street Insider
about 40 days ago by sherowcap
Apr 18, 11:14AM Business Wire
Apr 16, 5:21PM Business Wire
Apr 16, 11:59AM Business Wire
about 47 days ago by sherowcap
about 68 days ago by MarketBrief
Mar 19, 4:41PM Business Wire
about 79 days ago by RecogniaEvents
Mar 05, 2:09PM Business Wire
Feb 22, 2:03PM Business Wire
about 125 days ago by DynamicDividend
Jan 18, 4:20PM Business Wire
Jan 18, 3:30PM Street Insider
about 165 days ago by MarketBrief
about 406 days ago by DynamicDividend
about 487 days ago by DynamicDividend
about 523 days ago by Fibline
about 770 days ago by akoptiontrader
about 1034 days ago by WeeklyTA
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CFNL | 11.54 | -0.06 | -0.52% | 336.97M |
| BZF | 18.83 | +0.33 | +1.78% | |
| BZ | 6.99 | -0.07 | -0.99% | 702.29M |
| BYM | 15.39 | -0.01 | -0.06% | |
| BYI | 45.38 | -0.22 | -0.48% | 1.978B |
| BYFC | 1.35 | +0.00 | +0.00% | 2.362M |
| BYD | 7.44 | +0.27 | +3.77% | 644.23M |
| BXUC | 148.38 | -0.01 | -0.01% | |
| BXS | 13.41 | -0.04 | -0.30% | 1.266B |
| BXG | 5.20 | +0.10 | +1.96% | 169.36M |
