CUBIPC.PFD (Customers Bancorp) Tax Rate % : -1.58% (As of Sep. 2024)

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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 Sep. 2024 was $-0.73 Mil. Customers Bancorp's Pre-Tax Income for the three months ended in Sep. 2024 was $46.02 Mil. Therefore, Customers Bancorp's Tax Rate % for the quarter that ended in Sep. 2024 was -1.58%.

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.

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Customers Bancorp Tax Rate % Chart

Customers Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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24.49

24.62

19.70

21.72

24.37

Customers Bancorp Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															21.29	25.98	23.94	24.68	-1.58

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 Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	-0.725	/	46.018
	=	-1.58 %

Customers Bancorp Tax Rate % Related Terms

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Customers Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Customers Bancorp Inc (NYSE:CUBIpC.PFD) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

CUBIpF.PFD:USA CUBIpE.PFD:USA CUBI:USA 0I5Z:UK 334:Germany

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.