Investor Presentaiton
Non-GAAP Reconciliation:
Tangible Common Equity and Tangible Assets
Some of the financial measures included in this presentation are not measures of financial performance recognized by GAAP. These non-GAAP financial measures
include "tangible common equity to tangible assets," "tangible book value per share," and "return on average tangible common equity." Our management uses
these non-GAAP financial measures in its analysis of our performance. The following table reconciles shareholders' equity (on a GAAP basis) to tangible common
equity and total assets (on a GAAP basis) to tangible assets, calculates our tangible book value per share, and reconciles return on average tangible common
equity to its most comparable GAAP measure:
(Dollars in thousands, except per share data)
2012
As of and for the Year Ended December 31,
2013
2014
2015
2016
As of and for the Nine
Months Ended September 30,
2017
Tangible Common Equity:
Total Shareholders' Equity
$108,113
$137,992
$151,981
$163,645
$181,585
$260,331
Adjustments
Goodwill
(789)
Core Deposit Intangible
Tangible Common Equity
$107,324
(4,001)
(714)
$133,277
(4,001)
(582)
$147,398
(4,001)
(466)
(29,940)
(29,940)
(1,793)
(1,665)
$159,178
$149,852
$228,726
Tangible Assets:
Total Assets - GAAP
576,484
723,410
925,891
1,023,084
1,395,551
1,642,714
Adjustments
Goodwill
(789)
Core Deposit Intangible
Tangible Assets
$575,695
(4,001)
(714)
$718,695
(4,001)
(582)
$921,308
(4,001)
(466)
(29,940)
(29,940)
(1,793)
$1,018,617
$1,363,818
(1,665)
$1,611,109
Common Shares Outstanding
10,455,135
12,547,201
12,720,659
Tangible Common Equity to Tangible Assets Ratio
Tangible Book Value Per Share
18.64%
$10.27
18.54%
$10.62
16.00%
$11.59
12,770,571
15.63%
$12.46
12,827,803
10.99%
$11.68
15,790,611
14.20%
$14.49
Average Tangible Common Equity:
Average Shareholders' Equity
$90,872
$124,103
$145,781
$157,615
$172,140
$203,054
Adjustments
Goodwill
(789)
Core Deposit Intangible
Average Tangible Common Equity
$90,083
Net Income Available to Common Shareholders
Return on Average Tangible Common Equity
$4,046
4.49%
(2,804)
(479)
$120,820
$7,004
5.80%
(4,001)
(649)
$141,131
$10,428
7.39%
(4,001)
(526)
$153,088
$12,973
8.47%
(25,167)
(29,940)
(1,779)
(1,665)
$145,194
$171,449
$19,079
13.14%
$20,640
16.10%
RBB BANCORP
皇佳商業金控 26View entire presentation