The First of Long Island Corporation (FLIC)
The First of Long Island Corporation Tangible Common Equity Ratio: 9.35%
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FLIC Tangible Common Equity Ratio Rankings
| Overall | 76th percentile | 1050 of 4385 |
| Sector | 62nd percentile | 328 of 870 in Financial |
| Industry | 25th percentile | 50 of 67 in Regional - Northeast Banks |
FLIC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 6.95% | Dec 2009 |
| Maximum | 9.89% | Sep 2010 |
| Average | 8.79% |
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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FLIC News
Apr 30, 10:10AM GlobeNewswire
about 75 days ago by MarketBrief
Mar 02, 9:31AM Street Insider
Mar 02, 9:30AM GlobeNewswire
Jan 30, 1:00PM GlobeNewswire
Dec 21, 9:46AM Street Insider
Dec 21, 9:45AM GlobeNewswire
Nov 03, 10:31AM Benzinga
about 245 days ago by DynamicDividend
about 249 days ago by DynamicDividend
Sep 21, 10:32AM Street Insider
Sep 21, 10:00AM Benzinga
Sep 21, 10:00AM GlobeNewswire
Jul 28, 9:30AM GlobeNewswire
about 340 days ago by Phila_trader
Jun 22, 10:00AM GlobeNewswire
May 06, 12:10PM GlobeNewswire
about 1020 days ago by charlesamadeus
about 1063 days ago by KiplingerMedia
about 1064 days ago by Eody
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FLIC | 27.31 | +0.05 | +0.18% | 240.98M |
| FLEX | 6.455 | +0.04 | +0.55% | 4.579B |
| FLDM | 14.35 | +0.41 | +2.94% | 285.77M |
| FLC | 18.97 | -0.13 | -0.68% | |
| FL | 32.64 | +0.22 | +0.68% | 4.925B |
| FJP | 34.88 | -0.08 | -0.23% | |
| FIZZ | 14.15 | +0.14 | +1.00% | 648.38M |
| FIX | 9.21 | -0.09 | -0.97% | 348.01M |
| FIVZ | 81.96 | +0.04 | +0.05% | |
| FITB | 13.43 | -0.09 | -0.67% | 12.44B |