First Farmers Financial (First Farmers Financial) Tax Rate % : 18.76% (As of Mar. 2024)

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What is First Farmers Financial Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. First Farmers Financial's Tax Expense for the three months ended in Mar. 2024 was $2.4 Mil. First Farmers Financial's Pre-Tax Income for the three months ended in Mar. 2024 was $12.8 Mil. Therefore, First Farmers Financial's Tax Rate % for the quarter that ended in Mar. 2024 was 18.76%.

First Farmers Financial Tax Rate % Historical Data

The historical data trend for First Farmers Financial's Tax Rate % 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.

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First Farmers Financial Tax Rate % Chart

First Farmers Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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15.07

16.18

19.40

19.43

18.85

First Farmers Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															19.02	18.46	18.80	19.12	18.76

First Farmers Financial Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

First Farmers Financial's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	10.728	/	56.911
	=	18.85 %

First Farmers Financial's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	2.404	/	12.813
	=	18.76 %

First Farmers Financial Tax Rate % Related Terms

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First Farmers Financial (First Farmers Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Farmers Financial Corp (OTCPK:FFMR) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 North Jefferson Street, Converse, IN, USA, 46919

Website

https://www.ffbt.com

First Farmers Financial Corp and its subsidiaries operate in the banking industry. The bank categorized its services into personal, business, borrowing, and investment divisions. Its products and services include deposits, retirement and health saving accounts, consumer loans, home equity, and account management and leasing. The bank makes commercial, installment and mortgage loans to and receives deposits from customers through its offices located in the Indiana counties of Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tippecanoe, Tipton, Vigo, and Wabash; and Illinois counties of Coles, Edgar, and Vermilion.