Core Return on Average Tangible Common Equity definition
Core Return on Average Tangible Common Equity or “CRATCE”, means with respect to any specified period, the Company’s Core Net Income for such period divided by the Company’s Average Tangible Common Equity during such period.
Examples of Core Return on Average Tangible Common Equity in a sentence
Performance Objective: Company Core Return on Average Tangible Common Equity (ROATCE) compared to Selected Group ROATCE Company ROATCE: Calculated by dividing the Company’s Core Net Income by the Company’s Average Tangible Common Equity.
The proportion of Performance Restricted Stock Units that will vest and the number of shares of Common Stock issuable in settlement of the Performance Restricted Stock Units to a Participant will be based on the percentile ranking of the Company over the Performance Period, relative to the Comparator Banks, of its Core Return on Average Tangible Common Equity (“Core ROATCE”).