Riverview Bancorp (RVSB)
Riverview Bancorp Tangible Common Equity Ratio: 7.90%
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RVSB Tangible Common Equity Ratio Rankings
| Overall | 78th percentile | 953 of 4390 |
| Sector | 71st percentile | 250 of 871 in Financial |
| Industry | 69th percentile | 23 of 75 in Savings & Loans |
RVSB Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 7.02% | Dec 2008 |
| Maximum | 9.88% | Dec 2010 |
| Average | 8.15% |
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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RVSB News
Apr 24, 7:31AM Benzinga
Apr 20, 5:09PM Business Wire
about 85 days ago by RecogniaEvents
about 85 days ago by RecogniaEvents
Jan 13, 4:00PM GlobeNewswire
Jul 08, 10:05AM FlyOnTheWall
Jul 08, 9:00AM GlobeNewswire
about 580 days ago by danshep55
about 699 days ago by petershmit
about 699 days ago by jokervesting
about 699 days ago by jokervesting
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| RVSB | 1.31 | -0.07 | -5.13% | 29.44M |
| RVR | 22.68 | -0.12 | -0.53% | 80.06M |
| RVP | 1.07 | +0.06 | +5.94% | 27.05M |
| RVM | 3.38 | +0.00 | +0.00% | 115.09M |
| RVBD | 16.34 | +0.04 | +0.25% | 2.568B |
| RBCN | 8.73 | -0.09 | -1.02% | 198.71M |
| RBC | 59.80 | -0.88 | -1.45% | 2.526B |
| RBA | 19.68 | -0.48 | -2.38% | 2.145B |
| RAD | 1.285 | -0.03 | -1.91% | 1.177B |
| RA | 23.80 | +0.06 | +0.23% | 1.200B |
