Towne Bank (Towne Bank) Equity-to-Asset : 0.12 (As of Dec. 2023)

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What is Towne Bank Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Towne Bank's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,040.0 Mil. Towne Bank's Total Assets for the quarter that ended in Dec. 2023 was $16,835.0 Mil. Therefore, Towne Bank's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.12.

The historical rank and industry rank for Towne Bank's Equity-to-Asset or its related term are showing as below:

TOWN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.12 Med: 0.13 Max: 0.14
Current: 0.12

During the past 13 years, the highest Equity to Asset Ratio of Towne Bank was 0.14. The lowest was 0.12. And the median was 0.13.

TOWN's Equity-to-Asset is ranked better than
75.53% of 1467 companies
in the Banks industry
Industry Median: 0.09 vs TOWN: 0.12

Towne Bank Equity-to-Asset Historical Data

The historical data trend for Towne Bank's Equity-to-Asset 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.

* Premium members only.

Towne Bank Equity-to-Asset Chart

Towne Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.14

0.12

Towne Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.12	0.12	0.12	0.12	0.12

Competitive Comparison of Towne Bank's Equity-to-Asset

For the Banks - Regional subindustry, Towne Bank's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

Towne Bank's Equity-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Towne Bank's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Towne Bank's Equity-to-Asset falls into.

Towne Bank Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Towne Bank's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	2039.972	/	16835.039
	=	0.12

Towne Bank's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	2039.972	/	16835.039
	=	0.12

Towne Bank (NAS:TOWN) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Towne Bank Equity-to-Asset Related Terms

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Towne Bank (Towne Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Towne Bank (NAS:TOWN) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5716 High Street, Portsmouth, VA, USA, 23703

Website

https://www.townebank.com

Towne Bank is a financial services company that places special emphasis on serving the financial needs of individuals, commercial enterprises, and professionals, offering retail and commercial banking services to numerous markets in Virginia and North Carolina. The company has three reportable segments: Banking Segment provides loan and deposit services to retail and commercial customers and provides commercial mortgage brokerage services and investment and asset management services, and the Realty Segment provides residential real estate services and mortgage loans. It also provides resort property management and residential and commercial title insurance, and Insurance Segment provides provide a wide array of insurance products, including property, casualty, life, and health insurance.