CFS Bancorp (CITZ)
CFS Bancorp Tangible Common Equity Ratio: 8.83%
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CITZ Tangible Common Equity Ratio Rankings
| Overall | 76th percentile | 1020 of 4385 |
| Sector | 65th percentile | 303 of 871 in Financial |
| Industry | 36th percentile | 26 of 41 in Regional - Midwest Banks |
CITZ Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 8.83% | Mar 2012 |
| Maximum | 11.24% | Dec 2007 |
| Average | 10.26% |
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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CITZ News
Apr 03, 5:03PM Street Insider
about 68 days ago by MarketBrief
about 69 days ago by MarketBrief
about 70 days ago by MarketBrief
Dec 28, 6:00PM Street Insider
Dec 19, 9:21AM Street Insider
Sep 07, 11:54AM Street Insider
about 767 days ago by swtrigger
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CITZ | 5.38 | +0.06 | +1.13% | 58.75M |
| CIT | 34.79 | -0.37 | -1.05% | 6.986B |
| CISG | 7.00 | -0.07 | -0.99% | 353.85M |
| CIS | 1.99 | -0.14 | -6.57% | 88.36M |
| CINF | 35.66 | +0.02 | +0.06% | 5.789B |
| CIMT | 4.314 | +0.00 | +0.04% | 42.76M |
| CIM | 2.82 | +0.03 | +1.08% | 2.897B |
| CII | 12.76 | +0.01 | +0.08% | |
| CIGX | 3.98 | +0.00 | +0.00% | 579.69M |
| CIG | 17.22 | +0.06 | +0.35% | 14.69B |
