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CIT Group is Among the Companies in the Regional Banks Industry With the Highest Debt to Asset Ratio (CIT, RBCAA, FCF, FFIC, SBSI)

By Amy Schwartz

Below are the three companies in the Regional Banks industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

CIT Group ranks highest with a a debt to asset ratio of 0.28. Republic Bancorp is next with a a debt to asset ratio of 0.26. First Commonwealth Financial ranks third highest with a a debt to asset ratio of 0.23.

Flushing Financial follows with a a debt to asset ratio of 0.22, and Southside Bancshares rounds out the top five with a a debt to asset ratio of 0.21.

SmarTrend recommended that subscribers consider buying shares of CIT Group on July 11th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $33.00. Since that recommendation, shares of CIT Group have risen 10.5%. We continue to monitor CIT Group for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest debt to asset ratio CIT Group republic bancorp first commonwealth financial flushing financial southside bancshares