First BanCorp (FBP)
First BanCorp Tangible Common Equity Ratio: 10.47%
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FBP Tangible Common Equity Ratio Rankings
| Overall | 74th percentile | 1132 of 4385 |
| Sector | 54th percentile | 395 of 870 in Financial |
| Industry | 21st percentile | 11 of 14 in Foreign Regional Banks |
FBP Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 2.80% | Jun 2010 |
| Maximum | 10.52% | Dec 2011 |
| Average | 4.96% |
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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FBP News
about 12 days ago by RecogniaEvents
May 07, 4:58PM Business Wire
about 33 days ago by RecogniaEvents
about 42 days ago by TradeIdeasQuant
about 82 days ago by TradeIdeasQuant
about 102 days ago by TradeIdeasQuant
about 102 days ago by TradeIdeasQuant
about 102 days ago by MarketBrief
about 102 days ago by MicroInsider
Feb 01, 8:00AM Business Wire
Dec 21, 5:13PM Business Wire
about 172 days ago by MarketBrief
about 173 days ago by MarketBrief
about 175 days ago by MarketBrief
about 175 days ago by MarketBrief
about 179 days ago by MarketBrief
about 180 days ago by MarketBrief
about 188 days ago by MarketBrief
about 193 days ago by MarketBrief
about 197 days ago by MarketBrief
Nov 04, 7:14AM Street Insider
Oct 26, 6:51PM Business Wire
Oct 24, 5:26PM Business Wire
Oct 19, 5:15PM Business Wire
about 228 days ago by MarketBrief
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FBP | 3.86 | +0.22 | +6.04% | 747.29M |
| EXTR | 3.715 | +0.14 | +3.77% | 335.66M |
| EXT | 46.97 | +0.17 | +0.36% | |
| EXPR | 19.19 | +0.47 | +2.51% | 1.666B |
| EXPO | 47.33 | +0.81 | +1.74% | 619.65M |
| EXPE | 45.01 | +0.12 | +0.27% | 6.000B |
| EXPD | 38.89 | +0.42 | +1.09% | 8.162B |
| EXP | 33.18 | +1.04 | +3.24% | 1.444B |
| FIG | 3.12 | -0.01 | -0.32% | 1.552B |
| FICO | 40.86 | -0.18 | -0.44% | 1.479B |