Operating ROATCE excluding AOCI definition

Operating ROATCE excluding AOCI means for each of F.N.B. and the Peer Financial Institutions the calculation of Net Income plus amortization of intangibles, net of tax, divided by average Total Tangible Common Equity excluding AOCI. Excluding AOCI for both FNB and peers will allow for comparative financial performance evaluation without unintended impacts from uncontrollable interest rate fluctuations.  “Net Income” is the net profit that each of F.N.B. and a Peer Financial Institution earns.  “Total Tangible Common Equity” equals each of F.N.B.’s or a Peer Financial Institution’s total average stockholder’s equity minus average intangible assets and average preferred equity.  “Accumulated Other Comprehensive Income (AOCI)” reflects unrealized gains/(losses) on (1) available-for-sale investment securities, (2) derivative instruments used for cash flow ▇▇▇▇▇▇, and (3) pension assets/post-retirement benefit obligations and is an uncontrollable component of Shareholders’ Equity with fluctuations primarily driven by changes to interest rates. 1 11    N RP
View Source

Examples of Operating ROATCE excluding AOCI in a sentence

  • The mean of F.N.B.’s Operating ROATCE excluding AOCI for the three fiscal years comprising the Operating ROATCE excluding AOCI Performance Period must be greater than or equal to the 25th percentile of the calculated mean of the individual Peer Financial Institutions’ Operating ROATCE excluding AOCI for the three fiscal years of the Operating ROATCE excluding AOCI Performance Period (see Schedule 2).

  • Subject to the provisions of this Agreement and the provisions of the Plan, F.N.B. hereby grants to the Participant an Award of Performance Units, equal to the dollar value of any Supplemental Performance Units, which shall become vested in an amount determined by the Operating ROATCE excluding AOCI Table value, as adjusted by application of the TSR Multiplier Table value, and be payable in cash, subject to the vesting conditions in Sections 4 and 5 herein.

  • To determine the appropriate percentile ranking under both the Operating ROATCE excluding AOCI Table and TSR Multiplier Table, set forth in the Agreement Cover Page, F.N.B. will use straight line interpolation, rounded to the nearest whole Restricted Stock Unit.

  • Operating ROATCE excluding AOCI and the Average Individual Peer Financial Operating ROATCE excluding AOCI from highest to lowest for the Operating ROATCE excluding AOCI Performance Period.

  • The purpose of the Award Amount is to align the Participant’s interest with that of F.N.B. stockholders by providing compensation to the Participant if F.N.B. attains an attractive financial and stock performance for F.N.B. stockholders relative to peer performance during the Vesting Period through achievement of Relative Operating ROATCE excluding AOCI (Schedule 2) and Relative TSR (Schedule 3) during the relevant measurement periods.