Tangible Book Value Per Share definition

Tangible Book Value Per Share means, with respect to any measurement date, (i) the Company’s Tangible Book Value as of such measurement date divided by (ii) (A) the number of shares of Common Stock issued and outstanding as disclosed in the Company’s Form 10-K or Form 10-Q, as applicable, for the most recently completed fiscal quarter ending on or prior to such measurement date, plus (B) any restricted stock units in respect of Common Stock that are not subject to forfeiture, minus (C) any restricted shares of Common Stock that are subject to forfeiture. Tangible Book Value Per Share shall be adjusted to exclude the impact of any stock splits or reverse stock splits effected and/or stock dividends declared or paid during the Performance Period.

Tangible Book Value Per Share means the total equity of the Company, less good will and any other intangibles, divided by the number of outstanding shares of the Company’s common stock.

Tangible Book Value Per Share means, as of any date, the book value per share of Stock, as of such date, determined in accordance with GAAP, with adjustments made, in the sole discretion of the Committee, to exclude goodwill and intangible assets per share of Stock.

Examples of Tangible Book Value Per Share in a sentence

• On the Date of Issuance, the Units shall vest, and the Shares shall become issuable as determined based on the Company’s Adjusted ROTCE and Growth of Tangible Book Value Per Share Plus Common Dividends, each as defined on Appendix A, relative to the Peer Group, as defined on Appendix B, over a three-year performance period beginning on January 1, 2023 and ending on December 31, 2025 (the “Performance Period”) as certified by the Committee following the end of the Performance Period.

• For members of the Peer Group who fail, are acquired, or cease to have publicly-traded shares before the conclusion of the Performance Period, their Adjusted ROTCE and Growth of Tangible Book Value Per Share Plus Common Dividends (“Adj ROTCE and GTBVPS+D”) through the time the independent company stops reporting GAAP financials will be frozen and this Adj ROTCE and GTBVPS+D measurement will serve as their final Adj ROTCE and GTBVPS+D measurement for the Performance Period.

• Although the very lowest paid employees will see no increase in contributions, only a small minority will be protected.

• Dollars and shares in thousands, except per share data)(Unaudited) Tangible Book Value Per Share Tangible book value per share is a non-GAAP measure defined as shareholders’ equity, less intangible assets, divided by shares outstanding.

• On the Date of Issuance, the Units shall vest, and the Shares shall become issuable as determined based on the Company’s Adjusted ROTCE and Growth of Tangible Book Value Per Share Plus Common Dividends, each as defined on Appendix A, relative to the Peer Group, as defined on Appendix B, over a three-year performance period beginning on January 1, 2024 and ending on December 31, 2026 (the “Performance Period”) as certified by the Committee following the end of the Performance Period.

More Definitions of Tangible Book Value Per Share

Tangible Book Value Per Share means the Company’s common stockholders’ equity less goodwill and other intangibles, net of tax benefit, divided by the number of shares of Common Stock outstanding.

Tangible Book Value Per Share of Company common stock shall mean the quotient obtained by dividing (i) the shareholder’s equity of the Company as of the date of determination, computed in accordance with generally accepted accounting principles, less any goodwill and other intangible assets reported by the Company on its balance sheet, by (ii) the then outstanding shares of Stock.

Tangible Book Value Per Share means, as of any date, the tangible book value per share of Stock, as of such date, as reported in the Company’s Financial Supplement

Tangible Book Value Per Share means, for the Company and each of the Peer Group Companies, the quotient (rounded to two decimal points) of (I) such company’s average daily closing price per share of common stock calculated for the following twenty (20) trading days: (A) the ten (10) trading days immediately preceding the Company’s public dissemination of its earnings press release (including the date of such release if such release is first publicly disseminated after the close of regular trading in the Company’s common stock on such date) for the last quarter of the applicable year in the Performance Period and (B) the first ten (10) trading days immediately after the Company’s public dissemination of such earnings press release (including the date of such release if such release is first publicly disseminated prior to the opening of regular trading) (such average trading price the “Average Trading Price”) divided by (II) such company’s tangible book value per share as of the last day of each applicable year in the Performance Period, as reflected in, or using the financial data contained in, such company’s Annual Report on Form 10-K or Quarterly Reports on Form 10-Q (if such company is required to file such Annual or Quarterly Reports) for the applicable year in the Performance Period, or such other financial report as such company shall prepare if not required to file an Annual Report on Form 10-K or Quarterly Report on Form 10-Q, or such other financial data and calculation methodology as the Compensation Committee shall reasonably determine applied consistently among the Company and the Peer Group Companies. The Compensation Committee may, in its good faith discretion, adjust the PTBV Ratio for any year in the Performance Period with respect to the Company or any Peer Group Company to eliminate the effects of the following: (a) gains or losses on the sale (or contemplation of a sale) of a business or a business segment, (b) gains or losses on the extinguishment or restructuring of indebtedness, including Federal Home Loan Bank advances, or the sale of investment securities, (c) asset or investment impairment charges (other than those related to such company’s loan portfolio in the ordinary course of business), (d) restructuring charges, including charges or expenses associated with transactions involving the unwinding of previously entered into interest rate swaps, caps, xxxxxx or other balance sheet derivative transactions, (e) changes in law (including federal and state tax laws...

Tangible Book Value Per Share means, as of any date, the book value per share of Stock, as of such date, determined in accordance with GAAP, with adjustments made, in the sole discretion of the

Tangible Book Value Per Share means, with respect to any Person as of any date, a fraction, the numerator of which is the excess, if any, of (A) such Person’s consolidated assets (excluding goodwill, trademarks and other intangible assets, after consideration of applicable Taxes, if any) over (B) such Person’s consolidated liabilities (after consideration of applicable Taxes, if any), in each case, as of the Measurement Date, calculated in accordance with GAAP, in the case of Parent, or IFRS, in the case of the Company, consistently applied with prior periods, and the denominator of which is the number of such Persons’ Outstanding Shares as of such date. “Outstanding Shares” means, subject to Section 2.06(f), (x) with respect to the Company as of any date, the number of Company Shares outstanding as of such date as determined in conformity with the calculation of “Number of Shares” in the Company’s “Tangible book value per share (Primary)” calculation described in the Company’s press release dated May 13, 2009 and (y) with respect to Parent as of any date, the number of Parent Shares outstanding as of such date as determined in a manner consistent with the calculation of “Basic common shares outstanding” set forth in Parent’s Financial Supplement filed with its Form 8-K on April 4, 2009.

Tangible Book Value Per Share means, with respect to a share of Common Stock on a particular date, the value determined by the Administrator in good faith in accordance with the following formula: The quotient calculated as (i) the sum of the amounts set forth on the Company’s then-current balance sheet as shareholders’ equity (including the par or stated value of all outstanding capital stock, retained earnings, additional paid-in capital, capital surplus and earned surplus but excluding unrealized gains and losses), less the sum of (A) any amounts at which treasury stock or shares of capital stock of the Company appear on the asset side of the then-current balance sheet and (B) any and all intangible assets (including without limitation goodwill), divided by (ii) the total number of shares of Common Stock issued and outstanding at the time of such determination.