WSFS Financial Corporation (WSFS)
WSFS Financial Corporation Tangible Common Equity Ratio: 8.44%
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WSFS Tangible Common Equity Ratio Rankings
| Overall | 77th percentile | 992 of 4387 |
| Sector | 67th percentile | 281 of 871 in Financial |
| Industry | 40th percentile | 38 of 64 in Regional - Mid-Atlantic Banks |
WSFS Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 5.88% | Dec 2008 |
| Maximum | 9.42% | Sep 2010 |
| Average | 7.68% |
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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WSFS News
May 10, 4:32PM GlobeNewswire
May 02, 4:54PM GlobeNewswire
Apr 27, 2:39PM Seeking Alpha
Apr 26, 4:03PM GlobeNewswire
about 39 days ago by RecogniaEvents
Apr 20, 4:26PM GlobeNewswire
Apr 16, 3:05PM GlobeNewswire
about 68 days ago by MarketBrief
Feb 01, 11:47AM GlobeNewswire
Jan 27, 3:27PM Seeking Alpha
Jan 26, 4:16PM GlobeNewswire
Jan 19, 2:35PM GlobeNewswire
Jan 09, 4:44PM GlobeNewswire
Jan 04, 2:45PM GlobeNewswire
Nov 29, 5:20PM GlobeNewswire
Nov 25, 10:00AM GlobeNewswire
about 982 days ago by MoRotties
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| WSFS | 35.98 | -1.20 | -3.23% | 313.03M |
| WSBC | 19.89 | -0.44 | -2.16% | 529.67M |
| WPC | 44.80 | -0.77 | -1.69% | 1.780B |
| WOR | 15.88 | -0.37 | -2.28% | 1.095B |
| WOOF | 20.85 | -0.69 | -3.20% | 1.821B |
| WOLF | 7.83 | +0.00 | +0.00% | 247.98M |
| WNS | 10.67 | -0.31 | -2.82% | 534.25M |
| WNR | 18.76 | -0.58 | -3.00% | 1.704B |
| WNI | 16.82 | +0.02 | +0.12% | 364.32M |
| WNC | 6.50 | -0.46 | -6.61% | 444.08M |
