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First Security Group (First Security Group) Return-on-Tangible-Equity : -3.52% (As of Jun. 2015)


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What is First Security Group 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. First Security Group's annualized net income for the quarter that ended in Jun. 2015 was $-3.19 Mil. First Security Group's average shareholder tangible equity for the quarter that ended in Jun. 2015 was $90.67 Mil. Therefore, First Security Group's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2015 was -3.52%.

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

FSGI's Return-on-Tangible-Equity is not ranked *
in the Banks industry.
Industry Median: 10.78
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

First Security Group Return-on-Tangible-Equity Historical Data

The historical data trend for First Security Group'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.

First Security Group Return-on-Tangible-Equity Chart

First Security Group Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -38.36 -28.98 -78.47 -24.05 2.79

First Security Group Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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 2.86 4.25 4.15 2.39 -3.52

Competitive Comparison of First Security Group's Return-on-Tangible-Equity

For the Banks - Regional subindustry, First Security Group'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.


First Security Group's Return-on-Tangible-Equity Distribution in the Banks Industry

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

* The bar in red indicates where First Security Group's Return-on-Tangible-Equity falls into.



First Security Group Return-on-Tangible-Equity Calculation

First Security Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2014 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2014 )  (A: Dec. 2013 )(A: Dec. 2014 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2014 )  (A: Dec. 2013 )(A: Dec. 2014 )
=2.417/( (83.318+89.846 )/ 2 )
=2.417/86.582
=2.79 %

First Security Group's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2015 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2015 )  (Q: Mar. 2015 )(Q: Jun. 2015 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2015 )  (Q: Mar. 2015 )(Q: Jun. 2015 )
=-3.188/( (90.726+90.622)/ 2 )
=-3.188/90.674
=-3.52 %

* 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 (Jun. 2015) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


First Security Group  (NAS:FSGI) 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.


First Security Group Return-on-Tangible-Equity Related Terms

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


First Security Group (First Security Group) Business Description

Traded in Other Exchanges
N/A
Address
First Security Group Inc was incorporated in Tennessee on February 1, 1999 to serve as a bank holding company, and is regulated and supervised by the Board of Governors of the Federal Reserve System. It currently operates 28 full-service banking offices through its wholly-owned bank subsidiary, FSGBank. It serves the banking and financial needs of various communities in eastern and middle Tennessee, as well as northern Georgia. The Company offers a range of lending services that are mainly secured by single and multi-family real estate, residential construction and owner-occupied commercial buildings. In addition, it makes loans to small and medium-sized businesses, as well as to consumers for a number of purposes. The Companys main source of funds for loans and securities is core deposits gathered through its branch network. The Company offers a range of deposit services, including checking, savings, money market accounts and certificates of deposit, and obtain its deposits from individuals and businesses in its market areas, including the vast majority of its loan customers. The Companys wealth management division offers private client services, financial planning, trust administration, investment management and estate planning services. It also provides mortgage banking and electronic banking services, such as Internet banking, online bill payment, cash management, ACH originations, and remote deposit capture. The Company competes with commercial banks, credit unions, savings and loan associations, mortgage banking firms, consumer finance companies, securities brokerage firms, insurance companies, money market funds and other financial institutions, which operate in its main market areas and elsewhere. The Company and FSGBank are subject to extensive state and federal banking regulations that impose restrictions on and provide for general regulatory oversight of their operations.
Executives
Henchy R Enden director 5335 MEADOWS ROAD, SUITE 201 LAKE OSWEGO OR 97035
Larry D. Mauldin director C/O FIRST SECURITY GROUP, INC. 531 BROAD ST. CHATTANO9OGA TN 37402
D Michael Kramer director, officer: Chief Executive Officer P O BOX 868, EVANSVILLE IN 47705-0868
Adam Gabriel Hurwich director C/O FIRST SECURITY GROUP, INC. 531 BROAD STREET CHATTANOOGA TN 37402
Christopher G Tietz officer: EVP/Chief Credit Officer 185 EAST MARKET STREET, ATTN: LEGAL DEPARTMENT, WARREN OH 44481
Dell Joseph E Jr officer: EVP & Chief Lending Officer C/O FIRST SECURITY GROUP, INC., 531 BROAD STREET, CHATTANOOGA TN 37402
Coffman Ralph E Jr director, officer: President and COO
Terry Morgan Todd officer: Interim Retail Banking Preside C/O FIRST SECURITY GROUP, INC. 531 BROAD STREET CHATTANOOGA TN 37402
William B Kilbride director MOHAWK INDUSTRIES INC, P O BOX 12069, CALHOUN GA 30703

First Security Group (First Security Group) Headlines