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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Blue Ridge Bankshares's annualized net income for the quarter that ended in Mar. 2024 was $-11.6 Mil. Blue Ridge Bankshares's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $150.8 Mil. Therefore, Blue Ridge Bankshares's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -7.68%.
The historical rank and industry rank for Blue Ridge Bankshares's Return-on-Tangible-Equity or its related term are showing as below:
During the past 6 years, Blue Ridge Bankshares's highest Return-on-Tangible-Equity was 34.44%. The lowest was -35.86%. And the median was 10.57%.
The historical data trend for Blue Ridge Bankshares's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Blue Ridge Bankshares Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 8.71 | 24.05 | 34.44 | 8.41 | -30.46 |
Blue Ridge Bankshares Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 8.27 | -18.74 | -103.93 | -15.27 | -7.68 |
For the Banks - Regional subindustry, Blue Ridge Bankshares's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Banks industry and Financial Services sector, Blue Ridge Bankshares's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Blue Ridge Bankshares's Return-on-Tangible-Equity falls into.
Blue Ridge Bankshares's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | -51.773 | / | ( (186.393 | + | 153.493 ) | / 2 ) | |
= | -51.773 | / | 169.943 | ||||
= | -30.46 % |
Blue Ridge Bankshares's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | -11.572 | / | ( (153.493 | + | 148.054) | / 2 ) | |
= | -11.572 | / | 150.7735 | ||||
= | -7.68 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Blue Ridge Bankshares (AMEX:BRBS) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Thank you for viewing the detailed overview of Blue Ridge Bankshares's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Brian K. Plum | director, officer: CEO & President | 17 WEST MAIN STREET, LURAY VA 22835 |
Robert S. Janney | director | 17 WEST MAIN STREET, LURAY VA 22835 |
Brett Raynor | officer: Cheif Accounting Officer | 17 WEST MAIN STREET, LURAY VA 22835 |
Lanell Deloach | officer: Chief Credit Officer of Subsid | 17 WEST MAIN STREET, LURAY VA 22835 |
Heather Cozart | director | 500 RAMBLEWOOD DRIVE, RALEIGH NC 27609 |
Otis Jones | director | 9118 AVOCET CT, CHESTERFIELD VA 23838 |
G William Beale | officer: CEO of Bank Subsidiary | 1051 E. CARY STREET, SUITE 1200, RICHMOND VA 23219 |
Vance H Spilman | director | 5417 CARY STREET ROAD, RICHMOND VA 23226 |
Andrew C. Holzwarth | director | 17 WEST MAIN STREET, LURAY VA 22835 |
William W. Stokes | director | 17 WEST MAIN STREET, LURAY VA 22835 |
Larry Dees | director | 17 WEST MAIN STREET, LURAY VA 22835 |
Mensel D Dean | director | 4095 VALLEY PIKE, WINCHESTER VA 22602 |
Carolyn J. Woodruff | director | 17 WEST MAIN STREET, LURAY VA 22835 |
Reynolds Randolph N Jr | director | 3 PARTRIDGE HILL ROAD, RICHMOND VA 23238 |
Farmar Richard A Iii | director | P O BOX 1181, WARSAW VA 22572 |
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