CTBK (City Bank) Tax Rate %: 4.83% (As of Jun. 2009)

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What is City Bank Tax Rate %?

City Bank CTBK -99.00% Tax Rate % is 4.83% as of Jun. 2009.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. City Bank's Tax Expense for the three months ended in Jun. 2009 was $-1.15 Mil. City Bank's Pre-Tax Income for the three months ended in Jun. 2009 was $-23.91 Mil. Therefore, City Bank's Tax Rate % for the quarter that ended in Jun. 2009 was 4.83%.

City Bank Tax Rate % Related Terms

City Bank Tax Rate % Historical Data

* Premium members only.

The historical data trend for City Bank'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.

City Bank Tax Rate % Chart

City Bank Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.36 35.14 35.77 35.61 34.96

City Bank Quarterly Data
Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09
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 35.02 34.88 34.99 34.09 4.83

City Bank Tax Rate % Calculation

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

City Bank's Tax Rate % for the fiscal year that ended in Dec. 2008 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2008 )/Pre-Tax Income (A: Dec. 2008 )
=-32.706/-93.549
=34.96 %

City Bank's Tax Rate % for the quarter that ended in Jun. 2009 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2009 )/Pre-Tax Income (Q: Jun. 2009 )
=-1.154/-23.91
=4.83 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 4.83% mean?
City Bank (CTBK) has a Tax Rate % of 4.83% as of Jun. 2009.
Is City Bank's Tax Rate % too high?
City Bank's current Tax Rate % is 4.83%.
How does City Bank's Tax Rate % compare to VSBN and FSBC?
City Bank's Tax Rate % of 4.83% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Banks company?
A good Tax Rate % depends on the Banks industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. City Bank's current Tax Rate % is 4.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is City Bank stock overvalued right now?
City Bank (CTBK) has a current Tax Rate % of 4.83%. The current Tax Rate % is 4.83%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For City Bank (CTBK), the current Tax Rate % is 4.83% as of Jun. 2009. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

City Bank Business Description

Address 5219 City Bank Parkway, Lubbock, TX, USA, 79407
City Bank is engaged in general commercial and retail banking, with an emphasis on small and medium-sized businesses, construction lending for single-family residences and home mortgage lending.