ANDC (Andover Bancorp) Pretax Margin % : 20.37% (As of Dec. 2023)

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What is Andover Bancorp Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Andover Bancorp's Pre-Tax Income for the six months ended in Dec. 2023 was $1.86 Mil. Andover Bancorp's Revenue for the six months ended in Dec. 2023 was $9.12 Mil. Therefore, Andover Bancorp's pretax margin for the quarter that ended in Dec. 2023 was 20.37%.

The historical rank and industry rank for Andover Bancorp's Pretax Margin % or its related term are showing as below:

ANDC' s Pretax Margin % Range Over the Past 10 Years
Min: 21.52 Med: 27.53 Max: 32.52
Current: 21.52

ANDC's Pretax Margin % is ranked worse than
71.95% of 1533 companies
in the Banks industry
Industry Median: 31.73 vs ANDC: 21.52

Andover Bancorp Pretax Margin % Historical Data

The historical data trend for Andover Bancorp's Pretax Margin % 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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Andover Bancorp Pretax Margin % Chart

Andover Bancorp Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

26.88

28.71

32.52

27.53

21.52

Andover Bancorp Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Pretax Margin %	Get a 7-Day Free Trial				29.17	29.07	26.09	22.68	20.37

Competitive Comparison of Andover Bancorp's Pretax Margin %

For the Banks - Regional subindustry, Andover Bancorp's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Andover Bancorp's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Andover Bancorp's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Andover Bancorp's Pretax Margin % falls into.

Andover Bancorp Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Andover Bancorp's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	3.919	/	18.212
	=	21.52 %

Andover Bancorp's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1.857	/	9.117
	=	20.37 %

Andover Bancorp (OTCPK:ANDC) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

Andover Bancorp Pretax Margin % Related Terms

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Andover Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Andover Bancorp Inc (OTCPK:ANDC) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 East Main Street, PO Box 1300, Andover, OH, USA, 44003

Website

https://www.andover.bank

Andover Bancorp Inc is a United States-based holding company for Andover bank. The bank is a locally owned and independent community bank. It provides banking services to personal and business customers. The bank provides a full range of banking products including; consumer, mortgage, and commercial loans; checking, savings, and others. The majority of the company's revenue is generated from retail lending activities.