Peapack - Gladstone Financial Corporation (PGC)
Peapack - Gladstone Financial Corporation Tangible Common Equity Ratio: 7.04%
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PGC Tangible Common Equity Ratio Rankings
| Overall | 80th percentile | 872 of 4390 |
| Sector | 78th percentile | 186 of 871 in Financial |
| Industry | 71st percentile | 19 of 67 in Regional - Northeast Banks |
PGC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 6.06% | Dec 2008 |
| Maximum | 8.08% | Jun 2007 |
| Average | 6.85% |
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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PGC News
Apr 24, 9:20AM Marketwire
about 37 days ago by DynamicDividend
Apr 19, 12:03PM Street Insider
Apr 19, 12:01PM PR Newswire
about 58 days ago by MarketBrief
about 59 days ago by MarketBrief
about 60 days ago by MarketBrief
about 63 days ago by MarketBrief
about 64 days ago by MarketBrief
about 65 days ago by MarketBrief
about 66 days ago by MarketBrief
about 67 days ago by MarketBrief
about 69 days ago by MarketBrief
Feb 01, 9:20AM Marketwire
about 128 days ago by DynamicDividend
Jan 19, 12:31PM Street Insider
Jan 19, 12:30PM PR Newswire
Nov 09, 4:34PM Marketwire
Nov 01, 9:20AM Marketwire
Oct 20, 12:58PM Street Insider
Oct 20, 12:56PM PR Newswire
Aug 01, 10:55AM Business Wire
Jul 21, 4:12PM Business Wire
Apr 26, 9:20AM Business Wire
Apr 21, 12:45PM Business Wire
about 626 days ago by Urbane_Gorilla
about 759 days ago by Nelderini
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PGC | 14.93 | +0.10 | +0.67% | 131.54M |
| PG | 62.29 | -0.03 | -0.05% | 171.65B |
| PFSW | 3.34 | +0.04 | +1.21% | 42.11M |
| 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 |