Oriental Financial Group (OFG)
Oriental Financial Group Tangible Common Equity Ratio: 9.62%
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OFG Tangible Common Equity Ratio Rankings
| Overall | 75th percentile | 1079 of 4391 |
| Sector | 59th percentile | 350 of 870 in Financial |
| Industry | 14th percentile | 18 of 21 in Money Center Banks |
OFG Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 2.94% | Sep 2008 |
| Maximum | 9.62% | Mar 2012 |
| Average | 6.11% |
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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OFG News
May 23, 2:40PM Street Insider
May 23, 2:00PM Business Wire
about 37 days ago by earningscast
Apr 17, 1:00PM Business Wire
about 73 days ago by MarketBrief
about 75 days ago by MarketBrief
about 76 days ago by MarketBrief
about 77 days ago by MarketBrief
Feb 29, 3:28PM Street Insider
Feb 29, 3:15PM Business Wire
Jan 27, 2:14PM The Wall Street Journal
Jan 24, 1:01PM Business Wire
about 182 days ago by DynamicDividend
Nov 30, 2:31PM Street Insider
Nov 30, 2:30PM Benzinga
Nov 22, 1:59PM Business Wire
about 671 days ago by TazTrader
about 761 days ago by LaMonicaBuzz
about 764 days ago by wpuppylove
about 930 days ago by ScottMartindale
about 978 days ago by CumbucoTrader
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| OFG | 10.51 | -0.27 | -2.50% | 440.90M |
| OFC | 21.93 | -0.75 | -3.31% | 1.633B |
| OESX | 2.14 | +0.07 | +3.38% | 47.63M |
| NXZ | 15.19 | -0.04 | -0.26% | |
| NXY | 15.75 | -0.59 | -3.61% | 8.634B |
| NXTM | 15.29 | -0.17 | -1.10% | 861.74M |
| NXST | 6.78 | -0.05 | -0.73% | 196.70M |
| NXQ | 14.04 | +0.15 | +1.08% | |
| NXPI | 21.54 | -0.71 | -3.19% | 5.601B |
| NXP | 15.24 | +0.08 | +0.53% |
