J.P.Morgan Mergers and Acquisitions Presentation Deck
Notes on non-GAAP financial measures
1.
Tangible common equity ("TCE"), return on tangible common equity ("ROTCE") and tangible book value per share ("TBVPS"), are each non GAAP financial measures.
TCE represents the Firm's common stockholders' equity (i.e., total stockholders' equity less preferred stock) less goodwill and identifiable intangible assets (other than
mortgage servicing rights), net of related deferred tax liabilities. For a reconciliation from common stockholders' equity to TCE, refer to page 10 of the Earnings
Release Financial Supplement for the first quarter of 2023. ROTCE measures the Firm's net income applicable to common equity as a percentage of average TCE.
TBVPS represents the Firm's TCE at period end divided by common shares at period end. Book value per share was $94.34, $90.29 and $86.16 at March 31, 2023,
December 31, 2022 and March 31, 2022, respectively. TCE, ROTCE and TBVPS are utilized by the Firm, as well as investors and analysts, in assessing the Firm' s
use of equity
JPMORGAN CHASE & CO.
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