S.Y. Bancorp (SYBT)
S.Y. Bancorp Tangible Common Equity Ratio: 9.40%
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SYBT Tangible Common Equity Ratio Rankings
| Overall | 75th percentile | 1056 of 4388 |
| Sector | 61st percentile | 332 of 871 in Financial |
| Industry | 26th percentile | 25 of 34 in Regional - Southeast Banks |
SYBT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 8.40% | Sep 2008 |
| Maximum | 9.96% | Jun 2007 |
| Average | 8.96% |
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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SYBT News
May 16, 7:00AM Business Wire
about 17 days ago by RecogniaEvents
about 59 days ago by MarketBrief
about 60 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 68 days ago by MarketBrief
about 70 days ago by MarketBrief
about 101 days ago by DynamicDividend
Feb 21, 7:13AM Benzinga
Feb 21, 7:09AM Benzinga
Feb 21, 7:08AM Street Insider
Nov 16, 7:03AM Street Insider
Nov 16, 7:00AM Business Wire
Oct 19, 7:30AM Business Wire
Sep 16, 8:40AM FlyOnTheWall
Aug 17, 7:07AM Street Insider
Aug 17, 7:00AM Business Wire
about 492 days ago by alacrapulse
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SYBT | 22.01 | -0.53 | -2.35% | 312.63M |
| SYA | 10.86 | -0.44 | -3.89% | 1.341B |
| SXT | 35.69 | -0.83 | -2.27% | 1.829B |
| SXL | 33.29 | -0.39 | -1.16% | 3.355B |
| SXCI | 88.54 | -1.17 | -1.30% | 5.596B |
| SWZ | 9.84 | -0.10 | -1.01% | |
| SWY | 18.49 | -0.53 | -2.79% | 5.097B |
| SWX | 41.85 | -0.13 | -0.31% | 1.935B |
| SUI | 39.91 | -1.30 | -3.15% | 1.091B |
| SUBK | 11.36 | -0.47 | -3.97% | 115.11M |
