Equity to Asset ratio is calculated as total stockholders equity divided by total asset. FirstMerit's Total Stockholders Equity for the quarter that ended in Jun. 2016 was $3,047 Mil. FirstMerit's Total Assets for the quarter that ended in Jun. 2016 was $26,151 Mil.
Therefore, FirstMerit's Equity to Asset Ratio for the quarter that ended in Jun. 2016 was 0.12.
The historical rank and industry rank for FirstMerit's Equity-to-Asset or its related term are showing as below:
FMER's Equity-to-Asset is not ranked *
in the Banks industry.
Industry Median: 0.09 * Ranked among companies with meaningful Equity-to-Asset only.
FirstMerit Equity-to-Asset Historical Data
The historical data trend for FirstMerit'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.
Competitive Comparison of FirstMerit's Equity-to-Asset
For the Banks - Regional subindustry, FirstMerit'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.
FirstMerit's Equity-to-Asset Distribution in the Banks Industry
For the Banks industry and Financial Services sector, FirstMerit's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where FirstMerit's Equity-to-Asset falls into.
FirstMerit 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.
FirstMerit's Equity to Asset Ratio for the fiscal year that ended in Dec. 2015 is calculated as
* 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.
FirstMerit (NAS:FMER) 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%.
FirstMerit Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of FirstMerit's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Firstmerit Corp was organized in 1981 under the laws of the State of Ohio, It is a bank holding company. It operates through the Bank and its other subsidiaries, providing banking, fiduciary, financial, insurance and investment services to corporate, institutional and individual customers throughout Ohio, Chicago, Illinois, Michigan, Wisconsin and Western Pennsylvania. The Company manages its operations through the following primary lines of business: Commercial, Retail, Wealth and Other. Banking services are provided by the Company's national banking subsidiary, FirstMerit Bank. The Bank's trust department offers wealth management and trust services. The majority of its customers are comprised of consumers and small and medium sized businesses. The Bank has a small international department to service clients in its markets. The Company competes with other local, regional and national providers of financial services such as other bank holding companies, commercial banks, savings associations, credit unions, consumer and commercial finance companies, equipment leasing companies, mortgage banking companies, investment brokers and other brokerage institutions, money market and mutual funds and insurance companies. The Company is subject to extensive regulation, examination and supervision under by federal and state law.
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