Republic First Bancorp (FRBK)
Republic First Bancorp Tangible Common Equity Ratio: 6.93%
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FRBK Tangible Common Equity Ratio Rankings
| Overall | 80th percentile | 859 of 4385 |
| Sector | 79th percentile | 179 of 870 in Financial |
| Industry | 74th percentile | 17 of 67 in Regional - Northeast Banks |
FRBK Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 6.19% | Dec 2011 |
| Maximum | 10.06% | Dec 2010 |
| Average | 8.20% |
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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FRBK News
Apr 24, 3:33PM PR Newswire
about 63 days ago by MarketBrief
about 67 days ago by RecogniaEvents
about 100 days ago by TheTimeTraveler
Feb 01, 1:35PM PR Newswire
about 152 days ago by djaparidze1
about 158 days ago by djaparidze1
Dec 21, 11:54AM PR Newswire
Oct 19, 5:15PM PR Newswire
Jul 29, 3:23PM PR Newswire
Apr 29, 5:06PM PR Newswire
about 707 days ago by TheArmoTrader
about 853 days ago by Roma_Arde
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FRBK | 1.91 | -0.05 | -2.55% | 49.60M |
| FRA | 14.27 | -0.08 | -0.56% | |
| FCO | 13.49 | -0.06 | -0.44% | |
| FCNCA | 166.83 | +1.83 | +1.11% | 1.715B |
| FCLF | 6.00 | +0.23 | +3.99% | 46.32M |
| FCL | 27.88 | +0.13 | +0.47% | |
| GFIG | 2.79 | +0.01 | +0.36% | 329.72M |
| GFI | 13.29 | +0.14 | +1.06% | 9.629B |
| GFF | 7.82 | -0.08 | -1.01% | 482.65M |
| GFED | 7.46 | +0.00 | +0.00% | 19.99M |
