Return on Average Tangible Equity definition
Return on Average Tangible Equity. ▇▇▇")" shall mean net income, excluding the after tax effect of intangible amortization, divided by average common shareholders' equity, excluding intangible assets, consistent with the calculation of such measure in accordance with United States generally accepted accounting principles, reported in the Corporations' quarterly earnings releases. Intangible assets for purposes of the calculation of ▇▇▇ will include goodwill, core deposit intangibles and other intangible assets.
Return on Average Tangible Equity means the Holding Company’s net income (as determined in accordance with U.S. GAAP) excluding merger related expenses determined on a basis consistent with the Holding Company’s public disclosure of merger related expenses, net of related tax effect, divided by the Holding Company’s Average Tangible Common Equity.
Return on Average Tangible Equity is defined as net income excluding the after tax effect of intangible amortization divided by average common shareholders' equity excluding intangible assets, consistent with the calculation of such measure reported in Compass Bancshares, Inc.'s quarterly earnings release.
Examples of Return on Average Tangible Equity in a sentence
Provided that Return on Average Tangible Equity is at least 8.00% for the year, the Employer will make a Contribution to the Deferral Account in the amount of Seventy-Eight Thousand Six Hundred Sixty-Three Dollars ($78,663) each December 31, until the earliest of Separation from Service, Disability, Normal Retirement Age or the Executive’s death.