Banco Pine (BSP:PINE4) Tax Rate % : 4.64% (As of Dec. 2023)

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What is Banco Pine Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Banco Pine's Tax Expense for the three months ended in Dec. 2023 was R$4.8 Mil. Banco Pine's Pre-Tax Income for the three months ended in Dec. 2023 was R$103.0 Mil. Therefore, Banco Pine's Tax Rate % for the quarter that ended in Dec. 2023 was 4.64%.

Banco Pine Tax Rate % Historical Data

The historical data trend for Banco Pine'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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Banco Pine Tax Rate % Chart

Banco Pine Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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63.24

59.67

27.74

30.07

24.86

Banco Pine 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															-6.40	46.54	20.15	34.17	4.64

Banco Pine Tax Rate % Calculation

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

Banco Pine'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 )
	=	75.119	/	302.129
	=	24.86 %

Banco Pine'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 )
	=	4.78	/	103.023
	=	4.64 %

Banco Pine Tax Rate % Related Terms

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Banco Pine (BSP:PINE4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Pine SA (BSP:PINE4) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

PINE3:Brazil

Address

Avenida Presidente Juscelino Kubitschek, n° 1.830 - 4th Floor, Itaim Bibi, Pinheiros, SP, BRA, 4543900

Website

https://www.pine.com

Banco Pine SA is a banking company. It operates commercial, credit and financing and foreign exchange portfolios. The company's operations are conducted in the context of a group of institutions which act jointly, and certain transactions involve the co-participation or intermediation of member companies of the Pine financial conglomerate. The benefits from the intercompany services and the costs for the operating and administrative structures are absorbed, either jointly or individually, by these companies as is practicable and reasonable in the circumstances.

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