Clifton Savings Bancorp (CSBK)
Clifton Savings Bancorp Tangible Common Equity Ratio: 16.58%
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CSBK Tangible Common Equity Ratio Rankings
| Overall | 68th percentile | 1380 of 4385 |
| Sector | 41st percentile | 513 of 871 in Financial |
| Industry | 5th percentile | 71 of 75 in Savings & Loans |
CSBK Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 15.57% | Sep 2010 |
| Maximum | 22.59% | Jun 2007 |
| Average | 17.78% |
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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CSBK News
May 09, 3:00PM Business Wire
Feb 01, 4:21PM Street Insider
Nov 02, 4:36PM Street Insider
Aug 12, 12:45PM Business Wire
Jun 22, 5:17PM Business Wire
Apr 27, 5:30PM Business Wire
about 476 days ago by Street_Insider
Feb 07, 5:38PM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CSBK | 10.07 | -0.19 | -1.85% | 263.23M |
| DFS | 32.73 | +0.11 | +0.34% | 17.35B |
| DFR | 6.92 | +0.33 | +5.01% | 140.13M |
| DFG | 45.53 | +0.00 | +0.00% | 2.513B |
| DFE | 33.70 | +0.08 | +0.24% | |
| DF | 14.97 | -0.10 | -0.66% | 2.762B |
| DEXO | 0.85 | -0.08 | -8.60% | 43.20M |
| DEW | 37.52 | -0.32 | -0.84% | |
| DB | 36.68 | +0.18 | +0.49% | 32.98B |
| DAVE | 10.42 | +0.07 | +0.68% | 79.30M |
