Horizon Bancorp (HBNC)
Horizon Bancorp Tangible Common Equity Ratio: 6.87%
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HBNC Tangible Common Equity Ratio Rankings
| Overall | 80th percentile | 852 of 4385 |
| Sector | 80th percentile | 172 of 870 in Financial |
| Industry | 77th percentile | 15 of 67 in Regional - Northeast Banks |
HBNC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 4.66% | Jun 2007 |
| Maximum | 6.87% | Mar 2012 |
| Average | 5.88% |
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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HBNC News
about 66 days ago by DividendYield
about 67 days ago by DynamicDividend
Mar 23, 11:47AM Street Insider
Feb 10, 6:00AM Business Wire
about 256 days ago by DynamicDividend
Sep 16, 12:29PM Street Insider
Sep 16, 12:27PM Benzinga
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HBNC | 25.10 | -0.15 | -0.59% | 125.49M |
| HBIO | 3.60 | +0.00 | +0.00% | 103.50M |
| HBI | 27.89 | +0.84 | +3.11% | 2.639B |
| HBHC | 30.48 | +0.76 | +2.56% | 2.549B |
| HBC | 40.37 | +0.14 | +0.35% | |
| HBAN | 6.64 | +0.18 | +2.79% | 5.593B |
| GWR | 51.44 | -0.22 | -0.43% | 2.194B |
| GVP | 2.29 | -0.07 | -2.97% | 43.33M |
| GVI | 111.69 | +0.12 | +0.11% | |
| GVA | 23.11 | +0.21 | +0.92% | 886.00M |
