Core ROAA definition

Core ROAA means (i) the sum of Quarterly Core ROAA for each quarter during the Performance Period (ii) divided by 12. “Quarterly Core ROAA” shall mean Core Net Income for the applicable quarter divided by Total Assets for the applicable quarter. “Core Net Income” for the Company shall mean the Core Net Income (Non-GAAP) of the Company for the applicable quarter as reported in the Company’s quarterly earnings releases, which is Net Income (GAAP) as adjusted for Gains/Losses on Sales of Securities, Gains/Losses on Sales and Write-downs of Bank Premises, Losses on Sales and Write-downs of Other Real Estate Owned (“OREO”) and other non-recurring income and expenses. “Core Net Income” for each of the companies in the Peer Group shall mean the equivalent measure as reported by the company for the applicable quarter as determined in the ABAQ Index Template. For this purpose, “Total Assets” for the Company shall mean the Total Assets of the Company as of the last day of the applicable quarter as reported in the Company’s quarterly earnings releases. “Total Assets” for each of the companies in the Peer Group shall mean Total Assets as of such dates as reported by the company as determined in the ABAQ Index Template.
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Core ROAA means “Core Income” as a percent of “Average Assets,” for a given fiscal year, where (I) Core Income means net income after taxes and before extraordinary items, less net income attributable to noncontrolling interest, gain or loss on the sale of held to maturity and available for sale securities, amortization of intangibles, goodwill and nonrecurring items and (II) Average Assets means Average Assets for the period, as reported by the company.
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Core ROAA means (i) the sum of Quarterly Core ROAA for each quarter during the Performance Period (ii) divided by 12. “Quarterly Core ROAA” shall mean Core Net Income for the applicable quarter divided by Total Assets for the applicable quarter. “Core Net Income” for the Company shall mean the Adjusted Net Income (Non-GAAP) of the Company for the applicable quarter as reported in the Company’s quarterly earnings releases, which is Net Income (GAAP) as adjusted for Gains/Losses on Sales of Securities, Gains/Losses on Sales and Write-downs of Bank Premises, Losses on Sales and Write-downs of Other Real Estate Owned (“OREO”) and other non-recurring income and expenses; provided, however, that “Core Net Income” for the Company shall mean the Net Income (GAAP) of the Company for the applicable quarter when Net Income of the Company is not presented on an adjusted basis in the Company’s quarterly earnings release for such quarter. “Core Net Income” for each of the companies in the Peer Group shall mean the equivalent measure as reported by the company for the applicable quarter as determined in the ABAQ Index Template. For this purpose, “Total Assets” for the Company shall mean the Total Assets of the Company as of the last day of the applicable quarter as reported in the Company’s quarterly earnings releases. “Total Assets” for each of the companies in the Peer Group shall mean Total Assets as of such dates as reported by the company as determined in the ABAQ Index Template.
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Examples of Core ROAA in a sentence

  • Three-year Average Core ROAA shall be computed for (I) each Comparator Company over the Comparator Company’s most recent three-year fiscal period ending on or within the Performance Period and (II) Middlefield over the three-year fiscal period ending on the last day of the Performance Period.

  • Three-year Average Core ROAA shall be computed to the third decimal place for each Comparator Company and Middlefield.

  • The Committee reserves the right to change the composition of the peer group, as well as the method of evaluating the Corporation’s Core ROAE and Core ROAA performance as compared to the peer group, based on mergers or acquisitions involving members of the peer group, changes in size of the Corporation or members of the peer group, or other factors deemed appropriate by the Committee.

  • The first Performance Goal (which includes threshold, target and stretch levels) (“Performance Goal 1”) is based on Core ROAA (as defined in Section 2(c)) and is measured by comparing the Company’s performance during the Performance Period to its Peer Group (which is based on the ABAQ Index as defined in Section 124285230v1 2(f) below), as set forth in the chart in Section 2(b).

  • The first Performance Goal (which includes threshold, target and stretch levels) (“Performance Goal 1”) is based on Core ROAA (as defined in Section 2(c)) and is measured by comparing the Company’s performance during the Performance Period to its Peer Group (which is based 2025 Performance Unit 308990845v1 on the ABAQ Index as defined in Section 2(f) below), as set forth in the chart in Section 2(b).

Related to Core ROAA

  • S&P 500 means the S&P 500 Index. This product is not in any way sponsored, endorsed, sold or promoted by Standard & Poor’s.

  • KPI means the key performance indicators as set out in Schedule 5;

  • EPS means earnings per share.

  • Sound level meter means an instrument which includes a microphone, amplifier, RMS detector, integrator or time averager, output meter, and weighting networks used to measure sound pressure levels.

  • Comparison Group means a sample group of organisations providing Comparable supply of Services which consists of organisations which are either of similar size to the Supplier or which are similarly structured in terms of their business and their service offering so as to be fair comparators with the Supplier or which, are best practice organisations;