Fifth Third Bancorp (FITB)
Fifth Third Bancorp Tangible Common Equity Ratio: 8.80%
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FITB Tangible Common Equity Ratio Rankings
| Overall | 76th percentile | 1019 of 4385 |
| Sector | 65th percentile | 302 of 870 in Financial |
| Industry | 39th percentile | 25 of 41 in Regional - Midwest Banks |
FITB Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 3.90% | Dec 2008 |
| Maximum | 8.80% | Mar 2012 |
| Average | 6.35% |
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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FITB News
May 29, 9:01AM Street Insider
May 16, 9:15AM Business Wire
May 15, 8:10AM Business Wire
May 14, 10:30AM Business Wire
about 25 days ago by MarketBrief
May 02, 1:43PM Business Wire
Apr 30, 8:48AM Business Wire
Apr 24, 2:23PM Business Wire
about 40 days ago by TradesLikeAGirl
about 40 days ago by HeyoJayo
about 40 days ago by earningscast
about 41 days ago by HeyoJayo
about 43 days ago by TheOxenGroupdotcom
about 52 days ago by carsondahlberg
about 52 days ago by harmongreg
about 54 days ago by journalistjosh
about 75 days ago by TradeIdeasQuant
about 76 days ago by jamiemc101
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FITB | 13.44 | -0.09 | -0.63% | 12.44B |
| FISV | 67.14 | -0.03 | -0.04% | 9.309B |
| FISI | 16.36 | -0.24 | -1.45% | 229.25M |
| FIS | 32.93 | +0.11 | +0.34% | 9.502B |
| FIRE | 55.85 | -0.07 | -0.13% | 1.630B |
| FIO | 20.74 | +0.82 | +4.12% | 1.795B |
| FINL | 22.46 | +0.56 | +2.53% | 1.137B |
| FII | 20.27 | +0.46 | +2.32% | 2.055B |
| FIG | 3.13 | +0.00 | +0.00% | 1.552B |
| FBP | 3.90 | +0.26 | +7.14% | 747.29M |
