NorthEast Community Bancorp (FRA:JY4) Tax Rate % : 29.02% (As of Mar. 2024)

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What is NorthEast Community Bancorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. NorthEast Community Bancorp's Tax Expense for the three months ended in Mar. 2024 was €4.28 Mil. NorthEast Community Bancorp's Pre-Tax Income for the three months ended in Mar. 2024 was €14.74 Mil. Therefore, NorthEast Community Bancorp's Tax Rate % for the quarter that ended in Mar. 2024 was 29.02%.

NorthEast Community Bancorp Tax Rate % Historical Data

The historical data trend for NorthEast Community Bancorp'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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NorthEast Community Bancorp Tax Rate % Chart

NorthEast Community Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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23.49

21.03

23.56

27.84

28.52

NorthEast Community Bancorp Quarterly Data
	Dec17	Dec18	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															28.66	28.69	27.25	29.46	29.02

NorthEast Community Bancorp Tax Rate % Calculation

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

NorthEast Community Bancorp'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 )
	=	16.932	/	59.367
	=	28.52 %

NorthEast Community Bancorp'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 )
	=	4.278	/	14.742
	=	29.02 %

NorthEast Community Bancorp Tax Rate % Related Terms

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NorthEast Community Bancorp (FRA:JY4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NorthEast Community Bancorp Inc (FRA:JY4) » Definitions » Tax Rate %

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Traded in Other Exchanges

NECB:USA

Address

325 Hamilton Avenue, White Plains, NY, USA, 10601

Website

https://www.necb.com

NorthEast Community Bancorp Inc operates as a community-oriented financial institution. It is principally engaged in the business of attracting deposits and investing those funds into mortgage and commercial loans. They conduct their activities throughout the Northeastern United States including New York, Massachusetts, New Jersey, and Connecticut. The company offers a comprehensive line of banking products and services, including mobile banking as well as commercial real estate loans, commercial construction financing, lines of credit, and term loans. It also offers investment advisory and financial planning services.

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