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The South Financial Group (The South Financial Group) Return-on-Tangible-Equity : -191.38% (As of Jun. 2010)


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What is The South Financial 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. The South Financial Group's annualized net income for the quarter that ended in Jun. 2010 was $-1,238.18 Mil. The South Financial Group's average shareholder tangible equity for the quarter that ended in Jun. 2010 was $646.98 Mil. Therefore, The South Financial Group's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2010 was -191.38%.

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

TSFGM.PFD'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.

The South Financial Group Return-on-Tangible-Equity Historical Data

The historical data trend for The South Financial 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.

The South Financial Group Return-on-Tangible-Equity Chart

The South Financial Group Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.85 13.50 8.38 -48.71 -63.26

The South Financial Group Quarterly Data
Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10
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 -27.85 -115.72 -87.17 -44.34 -191.38

Competitive Comparison of The South Financial Group's Return-on-Tangible-Equity

For the Banks - Regional subindustry, The South Financial 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.


The South Financial Group's Return-on-Tangible-Equity Distribution in the Banks Industry

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

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



The South Financial Group Return-on-Tangible-Equity Calculation

The South Financial Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2009 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2009 )  (A: Dec. 2008 )(A: Dec. 2009 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2009 )  (A: Dec. 2008 )(A: Dec. 2009 )
=-676.254/( (1374.511+763.349 )/ 2 )
=-676.254/1068.93
=-63.26 %

The South Financial Group's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2010 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2010 )  (Q: Mar. 2010 )(Q: Jun. 2010 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2010 )  (Q: Mar. 2010 )(Q: Jun. 2010 )
=-1238.18/( (690.834+603.131)/ 2 )
=-1238.18/646.9825
=-191.38 %

* 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. 2010) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


The South Financial Group  (OTCPK:TSFGM.PFD) 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.


The South Financial Group Return-on-Tangible-Equity Related Terms

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


The South Financial Group (The South Financial Group) Business Description

Traded in Other Exchanges
N/A
Address
102 South Main Street, Greenville, SC, USA, 29601
The South Financial Group Inc runs business banks in Florida, South Carolina, and North Carolina under the names Carolina First and Mercantile Bank. It also operates a small online platform, CaroLine. The bank has a total of $12.4 billion in assets. South Financial Group is primarily located in metropolitan markets and targets small and midsize businesses.
Executives
H Lynn Harton officer: Interim CEO C/O UNITED COMMUNITY BANKS, INC., PO BOX 398, BLAIRSVILLE GA 30512
Tanya A Butts officer: Executive Vice President 104 S. MAIN STREET, GREENVILLE SC 29601
James R Gordon officer: Chief Financial Officer 104 SOUTH MAIN STREET, GREENVILLE SC 29601
Robert A. Edwards officer: EVP - Chief Risk Officer C/O UNITED COMMUNITY BANKS, INC., PO BOX 398, BLAIRSVILLE GA 30514
Donald T Heroman director C/O EQUIFAX INC, 1550 PEACHTREE STREET, N.W., ATLANTA GA 30309
Christopher T Holmes officer: Sr. Executive Vice President C/O FB FINANCIAL CORP, 211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Challis M Lowe director 100 MISSION RIDGE, GOODLETTSVILLE TN 37072
Hummers William S Iii director CAROLINA FIRST BANK, 102 S MAIN STREET, GREEENVILLE SC 29601
Maverick Capital Ltd 10 percent owner 1900 N. PEARL STREET, 20TH FLOOR, DALLAS TX 75201
Ainslie Lee S Iii 10 percent owner
Maverick Capital Management Llc 10 percent owner 300 CRESCENT COURT, 18TH FLOOR, DALLAS TX 75201
Michael Hogan director 1359 21ST AVENUE N., SUITE 105, MYRTLE BEACH SC 29577
Andrew B Cheney officer: Chairman/ Subsidiary Bank C/O CITRUS BANK, 2110 RIVER ROAD, JACKSONVILLE FL 32207
Terry James W Jr officer: Exec. Vice President HOLLINGSWORTH FUNDS, INC., 123 VERDAE BLVD., SUITE 104, GREENVILLE SC 29607
Timothy K Schools officer: Chief Financial Officer 8 WOODLAND WAY, GREENVILLE SC 29601

The South Financial Group (The South Financial Group) Headlines

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