Provident Financial Services (PFS)
Provident Financial Services Tangible Common Equity Ratio: 8.95%
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PFS Tangible Common Equity Ratio Rankings
| Overall | 76th percentile | 1033 of 4390 |
| Sector | 64th percentile | 313 of 871 in Financial |
| Industry | 52nd percentile | 36 of 75 in Savings & Loans |
PFS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 8.11% | Sep 2009 |
| Maximum | 9.19% | Jun 2007 |
| Average | 8.57% |
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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PFS News
about 34 days ago by earningscast
Apr 27, 8:00AM PR Newswire
about 35 days ago by DynamicDividend
Apr 26, 8:20AM Street Insider
Apr 26, 8:09AM Benzinga
Apr 26, 8:00AM PR Newswire
Apr 02, 5:30PM PR Newswire
Mar 30, 6:42AM Benzinga
about 76 days ago by MarketBrief
Jan 30, 9:24AM Street Insider
about 125 days ago by earningscast
Jan 27, 8:01AM Street Insider
Jan 04, 4:00PM PR Newswire
Oct 28, 9:21AM Street Insider
Oct 28, 9:21AM Street Insider
about 399 days ago by DynamicDividend
about 603 days ago by themeatbaron
about 874 days ago by trendarchitect
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PFS | 13.96 | -0.04 | -0.29% | 849.80M |
| PFM | 15.30 | -0.02 | -0.13% | |
| PFIN | 4.690 | -0.01 | -0.22% | 16.98M |
| PFI | 18.54 | -0.12 | -0.64% | |
| PFG | 24.56 | -0.03 | -0.12% | 7.413B |
| PFE | 21.87 | -0.17 | -0.77% | 166.12B |
| PETM | 64.47 | +0.02 | +0.03% | 7.082B |
| PETD | 24.80 | +0.06 | +0.22% | 584.84M |
| PERY | 18.82 | -0.07 | -0.37% | 296.95M |
| PERI | 3.86 | -0.19 | -4.69% | 40.18M |
