ROTCE means the Company’s return on average tangible common stockholder’s equity and, for the purpose of this measure, equates to average Adjusted Net Income as a percentage of average Adjusted Tangible Common Equity for the Performance Period. The Committee, in its sole discretion, may adjust ROTCE to exclude special, unusual or non-recurring items that may be applicable during the Performance Period.
ROTCE means for the Firm and each of the Performance Companies a percentage derived by, for each year in the Performance Period, dividing (i) annual earnings from continuing operations less dividends on preferred stock as set forth in published financial disclosures by (ii) the Average Tangible Common Equity for the year. If, prior to the end of the vesting period, the Firm or any Performance Company restates its published financial statements for any year in the Performance Period, ROTCE for that year shall be recalculated for the Firm or Performance Company with the Performance Ranking adjusted, if necessary. This calculation is used solely for purposes of the Performance Ranking.
ROTCE means Return on Tangible Common Equity.
Examples of ROTCE in a sentence
ROTCE measures the Firm’s net income applicable to common equity as a percentage of average TCE.
The Company believes that ROTCE is a meaningful supplement to GAAP financial measures and useful to investors because it measures the performance of a business consistently across time without regard to whether components of the business were acquired or developed internally.
Tangible common equity and return on average tangible common equity (ROTCE) are non-GAAP financial measures.
TCE, ROTCE, and TBVPS are utilized by the Firm, as well as investors and analysts, in assessing the Firm’s use of equity.
The ARCHITECT shall not be responsible for, nor have control over, the acts or omissions of the contractors, subcontractors, any of their agents or employees.
More Definitions of ROTCE
ROTCE means, for any fiscal year, net income attributable to common shareholders, adjusted to exclude (i) any effect of a change in accounting principles; and (ii) the after-tax impact of amortization of intangibles, merger-related costs (including adjustments to the allowance for loan losses), discontinued operations, and securities gains, divided by average tangible common equity.
ROTCE means Citigroup’s net income, less preferred dividends, divided by Citigroup’s average tangible common equity, each as reported in Citigroup’s 10-K in respect of Citigroup’s 2021 fiscal year; provided, however, that the determination of RoTCE may be equitably adjusted in accordance with Section 9.
ROTCE means the Company’s consolidated return on total capital employed of (excluding NMHG Retail Adjustments and HB/PS Adjustments) for the applicable time period calculated as follows: Earnings Before Interest After-Tax (after NMHG Retail Adjustments and HB/PS Adjustments) divided byTotal Capital Employed (after NMHG Retail Adjustments and HB/PS Adjustments)”
ROTCE means pre-tax income as a percentage of “Tangible Common Equity” for the applicable Performance Period. The Committee may adjust ROTCE to exclude specific items, in its sole discretion, that may be applicable during any Performance Period.
ROTCE means the Company’s return on tangible common equity, calculated by dividing the Company’s net income by the result of average equity minus average goodwill, core deposits and other intangible assets.
ROTCE means for the Firm and each of the Performance Companies a percentage derived by, for each year in the Performance Period, dividing (i) annual earnings from continuing operations less dividends on preferred stock as set forth in published financial disclosures by (ii) the Average Tangible Common Equity for the year. If, prior to the end of the vesting period, the Firm or any Performance Company restates its published financial statements for any year in the Performance Period, ROTCE for that year shall be recalculated for the Firm or Performance Company with the Performance Ranking adjusted, if necessary. This calculation is used solely for purposes of the Performance Ranking. “Target Award Number” means the number of PSUs designated as such in the Award Agreement. “Award Payout Percentage” means the applicable percentage specified in the footnote to the Performance Table for each year in the Performance Period. Government Office Requirements You may be eligible to continue vesting in all or part of your award if you voluntarily resign to accept a Government Office (as defined above) or to become a candidate for an elective Government Office. Full Career Eligibility:
ROTCE means the consolidated return on total capital employed of NACCO as determined by NACCO for a particular Plan Year.