GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » EverBank Financial Corp (NYSE:EVER) » Definitions » Return-on-Tangible-Equity

EverBank Financial (EverBank Financial) Return-on-Tangible-Equity : 8.79% (As of Mar. 2017)


View and export this data going back to 2012. Start your Free Trial

What is EverBank Financial 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. EverBank Financial's annualized net income for the quarter that ended in Mar. 2017 was $154.1 Mil. EverBank Financial's average shareholder tangible equity for the quarter that ended in Mar. 2017 was $1,754.0 Mil. Therefore, EverBank Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2017 was 8.79%.

The historical rank and industry rank for EverBank Financial's Return-on-Tangible-Equity or its related term are showing as below:

EVER's Return-on-Tangible-Equity is not ranked *
in the Banks industry.
Industry Median: 10.91
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

EverBank Financial Return-on-Tangible-Equity Historical Data

The historical data trend for EverBank Financial'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.

* Premium members only.

EverBank Financial Return-on-Tangible-Equity Chart

EverBank Financial Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only 9.88 12.81 12.21 9.18 8.85

EverBank Financial Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
Return-on-Tangible-Equity 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 7.26 5.52 9.20 13.77 8.79

Competitive Comparison of EverBank Financial's Return-on-Tangible-Equity

For the Banks - Regional subindustry, EverBank Financial'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.


EverBank Financial's Return-on-Tangible-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, EverBank Financial's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where EverBank Financial's Return-on-Tangible-Equity falls into.



EverBank Financial Return-on-Tangible-Equity Calculation

EverBank Financial's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2016 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2016 )  (A: Dec. 2015 )(A: Dec. 2016 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2016 )  (A: Dec. 2015 )(A: Dec. 2016 )
=144.931/( (1533.041+1742.391 )/ 2 )
=144.931/1637.716
=8.85 %

EverBank Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2017 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2017 )  (Q: Dec. 2016 )(Q: Mar. 2017 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2017 )  (Q: Dec. 2016 )(Q: Mar. 2017 )
=154.148/( (1742.391+1765.637)/ 2 )
=154.148/1754.014
=8.79 %

* 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. 2017) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


EverBank Financial  (NYSE:EVER) Return-on-Tangible-Equity Explanation

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.


EverBank Financial Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of EverBank Financial's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


EverBank Financial (EverBank Financial) Business Description

Traded in Other Exchanges
N/A
Address
EverBank Financial Corp is a unitary savings and loan holding company. Everbank provides a full range of financial services to individuals and small- to medium-sized businesses. The company operates through three reporting segments, including consumer banking, commercial banking, and corporate services. The bank primarily operates in select target markets throughout Florida. Most of its lending products, however, have a national reach through lending offices based in major metropolitan markets in the United States. The company markets and distributes its products and services primarily through an integrated online and mobile financial portal and high-volume financial centers. Half of the bank's loan portfolio is in the form of home equity lines of credit in California.

EverBank Financial (EverBank Financial) Headlines