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Astoria Financial (Astoria Financial) ROE % : 4.15% (As of Jun. 2017)


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What is Astoria Financial ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Astoria Financial's annualized net income for the quarter that ended in Jun. 2017 was $71.93 Mil. Astoria Financial's average Total Stockholders Equity over the quarter that ended in Jun. 2017 was $1,731.50 Mil. Therefore, Astoria Financial's annualized ROE % for the quarter that ended in Jun. 2017 was 4.15%.

The historical rank and industry rank for Astoria Financial's ROE % or its related term are showing as below:

AFPRC.PFD' s ROE % Range Over the Past 10 Years
Min: 2.23   Med: 5.3   Max: 9.79
Current: 3.41

During the past 13 years, Astoria Financial's highest ROE % was 9.79%. The lowest was 2.23%. And the median was 5.30%.

AFPRC.PFD's ROE % is not ranked
in the Banks industry.
Industry Median: 9.68 vs AFPRC.PFD: 3.41

Astoria Financial ROE % Historical Data

The historical data trend for Astoria Financial's ROE % 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.

Astoria Financial ROE % Chart

Astoria Financial Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.17 4.73 6.19 5.43 4.24

Astoria Financial Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.34 4.39 3.73 3.35 4.15

Competitive Comparison of Astoria Financial's ROE %

For the Banks - Regional subindustry, Astoria Financial's ROE %, along with its competitors' market caps and ROE % 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.


Astoria Financial's ROE % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Astoria Financial's ROE % distribution charts can be found below:

* The bar in red indicates where Astoria Financial's ROE % falls into.



Astoria Financial ROE % Calculation

Astoria Financial's annualized ROE % for the fiscal year that ended in Dec. 2016 is calculated as

ROE %=Net Income (A: Dec. 2016 )/( (Total Stockholders Equity (A: Dec. 2015 )+Total Stockholders Equity (A: Dec. 2016 ))/ count )
=71.529/( (1663.448+1714.073)/ 2 )
=71.529/1688.7605
=4.24 %

Astoria Financial's annualized ROE % for the quarter that ended in Jun. 2017 is calculated as

ROE %=Net Income (Q: Jun. 2017 )/( (Total Stockholders Equity (Q: Mar. 2017 )+Total Stockholders Equity (Q: Jun. 2017 ))/ count )
=71.932/( (1723.964+1739.036)/ 2 )
=71.932/1731.5
=4.15 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jun. 2017) net income data. ROE % is displayed in the 30-year financial page.


Astoria Financial  (NYSE:AFPRC.PFD) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Jun. 2017 )
=Net Income/Total Stockholders Equity
=71.932/1731.5
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(71.932 / 361.516)*(361.516 / 14245.475)*(14245.475 / 1731.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=19.9 %*0.0254*8.2272
=ROA %*Equity Multiplier
=0.51 %*8.2272
=4.15 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Jun. 2017 )
=Net Income/Total Stockholders Equity
=71.932/1731.5
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (71.932 / 112.396) * (112.396 / 361.516) * (361.516 / 14245.475) * (14245.475 / 1731.5)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 0.64 * 31.09 % * 0.0254 * 8.2272
=4.15 %

Note: The net income data used here is four times the quarterly (Jun. 2017) net income data. The Revenue data used here is four times the quarterly (Jun. 2017) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Astoria Financial ROE % Related Terms

Thank you for viewing the detailed overview of Astoria Financial's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Astoria Financial (Astoria Financial) Business Description

Traded in Other Exchanges
N/A
Address
Astoria Financial Corporation is a holding company for Astoria Federal and Astoria bank, a savings and loan association operating on the Long Island, N.Y., area. The company gathers local deposits from its 85 branches and uses the proceeds to make residential and multifamily loans. The company also makes commercial real estate loans and operates an insurance agency.
Executives
Robert Giambrone director 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Hugh J Donlon officer: Sr EVP and CLO 138 PUTNAM STREET, MARIETTA OH 45750
Jane D Carlin director C/O PHH CORPORATION, 3000 LEADENHALL ROAD, MT. LAUREL NJ 08054
Matthew J Gutauskas officer: Executive Vice President ONE ASTORIA FEDERAL PLAZA, LAKE SUCCESS NY 11042
Patricia M Nazemetz director XEROX CORPORATION, 800 LONG RIDGE ROAD, STAMFORD CT 06904
Stephen J Sipola officer: Executive Vice President ONE ASTORIA BANK PLAZA, LAKE SUCCESS NY 11042
John J. Corrado director ONE ASTORIA BANK PLAZA, LAKE SUCCESS NY 11042
Gary M Honstedt officer: Executive Vice President ONE ASTORIA FEDERAL PLAZA, LAKE SUCCESS NY 11042
Josie Callari officer: Executive Vice President ONE ASTORIA BANK PLAZA, LAKE SUCCESS NY 11042
Robert J Destefano officer: Executive Vice President ONE ASTORIA BANK PLAZA, LAKE SUCCESS NY 11042
Brian T Edwards officer: Executive Vice President ONE ASTORIA BANK PLAZA, LAKE SUCCESS NY 11042
Ralph F Palleschi director ONE ASTORIA BANK PLAZA, LAKE SUCCESS NY 11042
Thomas V Powderly director ONE ASTORIA FEDERAL PLAZA, LAKE SUCCESS NY 11042
Denis J Connors director ONE ASTORIA FEDERAL PLAZA, LAKE SUCCESS NY 11042
Haeffner Peter C Jr director ONE ASTORIA FEDERAL PLAZA, LAKE SUCCESS NY 11042

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