What is Republic Bancorp Return-on-Tangible-Equity?
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Republic Bancorp's annualized net income for the quarter that ended in Mar. 2024 was $122.4 Mil. Republic Bancorp's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $883.7 Mil. Therefore, Republic Bancorp's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 13.85%.
The historical rank and industry rank for Republic Bancorp's Return-on-Tangible-Equity or its related term are showing as below:
RBCAA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.33 Med: 10.63 Max: 12.9
Current: 10.78
During the past 13 years, Republic Bancorp's highest Return-on-Tangible-Equity was 12.90%. The lowest was 5.33%. And the median was 10.63%.
RBCAA's Return-on-Tangible-Equity is ranked better than 50.65% of 1455
companies
in the Banks industry
Industry Median: 10.7
vs RBCAA: 10.78
Republic Bancorp Return-on-Tangible-Equity Historical Data
The historical data trend for Republic Bancorp's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Republic Bancorp's Return-on-Tangible-Equity
For the Banks - Regional subindustry, Republic Bancorp's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Republic Bancorp's Return-on-Tangible-Equity Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Republic Bancorp's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Republic Bancorp's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Republic Bancorp Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Republic Bancorp's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Republic Bancorp (Republic Bancorp) Business Description
Republic Bancorp Inc operates as a financial institution that provides both traditional and non-traditional banking products through five reportable segments. It has traditional banking, warehouse, mortgage banking, Tax Refund Solutions (TRS), and Republic Credit Solutions (RCS) business segments. The business activities of these segments include retail mortgage lending, commercial lending, construction and land development lending, internet lending, correspondent lending, and indirect lending and also private banking, treasury management services, internet, and mobile banking, bank acquisitions, short-term revolving credit facilities, fixed-term residential real estate loans and receipt and payment of federal and state tax refund products under the TRS division.
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