ROAA definition
ROAA means the Bank’s after-tax net income at the end of the fiscal year, before payment of any common stock dividends and adjusted for extraordinary items, divided by the Bank’s average assets for the same fiscal year, as reported in the Bank’s general ledger and determined by the Bank’s independent auditors.
ROAA or Return on Average Assets" means the Company's (or peer companies') net income divided by average assets for a calendar year, with average assets determined based on assets as of the same reporting periods for the Company as is used in determining average assets in SNL Financial's rankings each year.
ROAA means, for any fiscal period, the Bank’s return on Average Assets, as determined in accordance with generally accepted accounting principles and bank regulatory requirements.
Examples of ROAA in a sentence
Any potential Annual Bonus paid to Executive during any Bonus Year shall be based on achievement by Executive and/or the Employer Group of certain objective performance criteria, which may include Earnings per Share; Tier 1 Leverage Ratio; Classified Assets/Tier 1 + ALLL; ROAA; Net Interest Margin; Efficiency Ratio; Noninterest Income/Revenue; Loan/Deposit Ratio; and Loan Portfolio Mix.
By: Title: Acknowledged: PARTICIPANT: United Labor Bank, F.S.B Performance Driven Plan Performance Targets ROAE Component of Award (75% of Total) ROAA Component of Award (25% of Total) Total Award Earned Percentage is...
The Base Salary will be renegotiated upwards when the Bank achieves a 1% ROAA for any fiscal year.
The Grantee shall vest with respect to that percentage of the Performance Units in this group that corresponds to the Company's Performance Period ROAA as set forth in the following table, rounded down to the next whole Performance Unit.
ROAA shall be determined prior to the payment of federal income taxes and shall be calculated by the certified public accountants of the Employer.
More Definitions of ROAA
ROAA means return-on-average assets, as determined by the Committee ---- (i) in accordance with generally accepted accounting principles, and (ii) on a pre-dividend, pre-loan loss reserve, and pre-Plan payment basis.
ROAA means the return on average assets calculated for the periods indicated.
ROAA means, for any period, net income divided by average total assets excluding non-recurring charges to expense.
ROAA means (i) the sum of Quarterly ROAA for each quarter during the Performance Period (ii) divided by 12. “Quarterly 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
ROAA means a percentage determined by dividing the net income of LSB for the Plan Year before accruals of Earned Incentive Awards under the Plan by the average daily total assets of LSB during the Plan Year. The ROAA for a Plan Year shall be determined by the independent certified public accountants of LSB in accordance with generally accepted accounting principles.
ROAA means (i) the sum of Quarterly ROAA for each quarter during the Performance Period (ii) divided by 12. “Quarterly 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 124285230v1
ROAA or Return on Average Assets" means the Company's net income from continuing operations less any securities gains, net of taxes, divided by the average assets for a calendar year. The Committee shall make all determinations regarding the achievement of ROAA based on the Company’s audited financial statements and average assets as to be reported in the Company's Annual Report on Form 10-K with the Securities and Exchange Commission, and the determination of the Committee shall be final and binding on all parties. The Committee reserves the right, in its sole discretion, to adjust the calculation of ROAA downward for income or expense items that it considers to be infrequent or nonrecurring in nature. ***** INSTRUCTIONS: If you want shares that would otherwise vest to be deemed tendered back to the Company in an amount equal (based on their fair market value on the vesting date) to the withholding due, and the net number of vested shares issued in your name, you do not need to submit this form. If you prefer to satisfy your withholding obligation in a different way, please check the appropriate line below and return this form with any required other materials (cash or check, or a stock power or other stock certificates, if you elect Method No. 1 or No. 2 in whole or part). Depending on the choice elected, cash or other documents need to accompany the election. The amount remitted or withheld will be a reasonable estimate of the tax withholding obligations due by reason of the vesting of the PSUs, and your notice must acknowledge and allow debit from your next paycheck any reconciliation of that estimate to the exact tax withholding due, as soon as such amount is precisely calculable by the Company. For example, if our stock is trading at $26 when you submit your election, and you have 100 shares vesting (total value of $2,600), and you remit 28% of that amount (or $728) to cover the estimated current tax withholding rate, and it turns out that the shares trade at $26.50 on the vesting date, we will debit the additional $140 in withholding from your next paycheck.