First Horizon National Corporation (FHN)
First Horizon National Corporation Tangible Common Equity Ratio: 9.34%
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FHN Tangible Common Equity Ratio Rankings
| Overall | 76th percentile | 1049 of 4385 |
| Sector | 62nd percentile | 327 of 870 in Financial |
| Industry | 29th percentile | 24 of 34 in Regional - Southeast Banks |
FHN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 1.64% | Jun 2007 |
| Maximum | 9.72% | Dec 2011 |
| Average | 6.88% |
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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FHN News
May 21, 7:15AM Benzinga
May 11, 4:00PM GlobeNewswire
May 09, 9:00AM GlobeNewswire
Apr 25, 4:15PM GlobeNewswire
Apr 23, 11:10AM Street Insider
Apr 20, 10:35AM Benzinga
Apr 20, 10:07AM Street Insider
Apr 20, 7:30AM Street Insider
Apr 20, 2:10AM Seeking Alpha
about 40 days ago by sherowcap
about 40 days ago by sherowcap
about 40 days ago by earningscast
Apr 19, 7:00AM GlobeNewswire
Apr 19, 6:56AM Street Insider
Apr 19, 6:56AM Street Insider
Apr 13, 10:53AM Street Insider
Mar 30, 11:42AM GlobeNewswire
about 64 days ago by StockTwits
about 67 days ago by melomal
about 76 days ago by MarketBrief
about 77 days ago by MarketBrief
about 80 days ago by jackdamn
about 80 days ago by jackdamn
about 81 days ago by jamiemc101
about 113 days ago by sherowcap
about 130 days ago by earningscast
about 140 days ago by Predictor
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FHN | 8.685 | -0.03 | -0.29% | 2.219B |
| FHCO | 5.83 | -0.07 | -1.19% | 164.79M |
| FGP | 17.58 | +0.01 | +0.06% | 1.387B |
| FGEM | 17.19 | +0.29 | +1.72% | |
| FGD | 21.56 | +0.14 | +0.63% | |
| FFNM | 3.46 | +0.00 | +0.00% | 9.965M |
| FFKY | 3.45 | -0.26 | -7.07% | 16.39M |
| FFIV | 107.90 | -1.14 | -1.05% | 8.635B |
| FFIN | 32.40 | +0.07 | +0.22% | 1.017B |
| ERII | 2.24 | +0.05 | +2.28% | 115.30M |