Provident New York Bancorp (PBNY)
Provident New York Bancorp Tangible Common Equity Ratio: 9.02%
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PBNY Tangible Common Equity Ratio Rankings
| Overall | 76th percentile | 1037 of 4390 |
| Sector | 63rd percentile | 316 of 872 in Financial |
| Industry | 50th percentile | 37 of 75 in Savings & Loans |
PBNY Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 8.19% | Sep 2008 |
| Maximum | 9.55% | Jun 2009 |
| Average | 9.08% |
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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PBNY News
May 02, 11:57AM Marketwire
Apr 26, 11:30AM Marketwire
Apr 23, 4:35PM Marketwire
Jan 26, 5:18PM Street Insider
Jan 23, 5:27PM Marketwire
Jan 03, 9:03AM Street Insider
about 195 days ago by MarketBrief
about 772 days ago by LeakTheNews
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PBNY | 7.72 | +0.00 | +0.00% | 292.51M |
| SCON | 0.64 | -0.03 | -4.33% | 26.97M |
| SCOK | 2.12 | +0.13 | +6.53% | 41.97M |
| SCO | 49.65 | +1.16 | +2.39% | |
| SCMRD | 13.26 | -0.25 | -1.85% | |
| SCMR | 13.26 | -0.25 | -1.85% | 389.49M |
| SCMF | 2.78 | -0.01 | -0.36% | 46.96M |
| SCLN | 6.30 | -0.01 | -0.16% | 365.03M |
| SCL | 90.38 | -0.27 | -0.30% | 989.90M |
| SCKT | 2.110 | +0.01 | +0.47% | 10.16M |
