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Customers Bancorp (Customers Bancorp) Tax Rate % : 25.98% (As of Dec. 2023)


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What is Customers Bancorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Customers Bancorp's Tax Expense for the three months ended in Dec. 2023 was $21.80 Mil. Customers Bancorp's Pre-Tax Income for the three months ended in Dec. 2023 was $83.89 Mil. Therefore, Customers Bancorp's Tax Rate % for the quarter that ended in Dec. 2023 was 25.98%.

Customers Bancorp Tax Rate % Historical Data

The historical data trend for Customers 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.

* Premium members only.

Customers Bancorp Tax Rate % Chart

Customers Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.49 24.62 19.70 21.72 24.37

Customers Bancorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.91 21.33 30.39 21.29 25.98

Customers Bancorp Tax Rate % Calculation

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

Customers 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 )
=80.597/330.74
=24.37 %

Customers Bancorp's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2023 )/Pre-Tax Income (Q: Dec. 2023 )
=21.796/83.888
=25.98 %

* 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.

Customers Bancorp Tax Rate % Related Terms

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Customers Bancorp (Customers Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Customers Bancorp Inc (NYSE:CUBIpF.PFD) » Definitions » Tax Rate %
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Traded in Other Exchanges
CUBIpE.PFD:USA CUBI:USA
Address
701 Reading Avenue, West Reading, PA, USA, 19611
Website
https://www.customersbank.com
Customers Bancorp Inc is a bank holding company engaged in banking activities. It provides financial products and services to small and middle-market businesses, not-for-profits, and consumers. The company operates in Lending Activities, Commercial Lending, Consumer Lending, Private Banking, Deposit Products, Other Funding Sources, and Financial Products and Services. The majority of revenue is derived from commercial lending.