RoTE definition
RoTE means (i) Net profit after AT1/Cashes – as defined above, over (ii) average tangible equity – as defined below, minus CASHES and DTA from tax
RoTE means (i) net profit – as defined above, over (ii) average tangible equity – as defined below, minus CASHES and DTA from tax loss carry forward contribution
RoTE means (i) net profit – as defined above, over (ii) average tangible equity excluding AT1,
More Definitions of RoTE
RoTE. “ROTE” means, as defined in the Program, the Net Income of the Corporation, plus the after-tax effects of amortization or other adjustments to intangible assets other than mortgage servicing rights acquired in business combinations, less dividends on preferred stock held by an unaffiliated third party, divided by the Corporation’s “average total common equity” (as defined in the Program) (adjusted to eliminate net unrealized gains or losses on assets available for sale resulting from SFAS 115) for the fiscal year. The Committee shall have the authority to make the final determination as to ROTE for a fiscal year. The Committee shall have the authority in its reasonable discretion, to make adjustments in the calculation of ROTE from time to time to take into account extraordinary circumstances such as mergers or acquisitions however the Committee’s discretion is limited to making only such adjustments as are permitted or required by the Program for performance stock. No adjustment is permitted which would disqualify the grant as performance-based under the Program and Internal Revenue Code section 162(m).
RoTE is the Annualized Net Income divided by Average Tangible Equity. Core ROTE will be calculated separately for each quarter and then averaged for the 12 quarters. (In the case of death or disability, the average for the quarters completed before such event.)
RoTE means (i) Net profit – as defined above, over (ii) average tangible equity excluding AT1, CASHES and DTA from tax loss carry forward contribution