EFIN (Eastern Michigan Financial) Tax Rate % : 20.43% (As of Dec. 2024)

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What is Eastern Michigan Financial Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Eastern Michigan Financial's Tax Expense for the three months ended in Dec. 2024 was $0.59 Mil. Eastern Michigan Financial's Pre-Tax Income for the three months ended in Dec. 2024 was $2.90 Mil. Therefore, Eastern Michigan Financial's Tax Rate % for the quarter that ended in Dec. 2024 was 20.43%.

Eastern Michigan Financial Tax Rate % Historical Data

The historical data trend for Eastern Michigan Financial'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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Eastern Michigan Financial Tax Rate % Chart

Eastern Michigan Financial Annual Data

Trend

Dec05

Dec06

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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18.50

18.28

20.42

20.48

20.68

Eastern Michigan Financial Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial															20.35	20.50	21.48	20.54	20.43

Eastern Michigan Financial Tax Rate % Calculation

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

Eastern Michigan Financial's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	1.835	/	8.873
	=	20.68 %

Eastern Michigan Financial's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	0.593	/	2.903
	=	20.43 %

Eastern Michigan Financial Tax Rate % Related Terms

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Eastern Michigan Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eastern Michigan Financial Corp (OTCPK:EFIN) » Definitions » Tax Rate %

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Traded in Other Exchanges

N/A

Address

65 North Howard Avenue, Croswell, MI, USA, 48422

Website

https://www.emb.bank

Eastern Michigan Financial Corp is a bank holding company. The Company through its holding provides baking products and services including personal banking, business banking and lending including diversified loans. Personal banking includes debit and credit cards, mobile banking and deposit services where Business banking includes cash management and other business-related services. The portfolio segments include commercial and industrial, agricultural, real estate related industries, other commercial loans, residential real estate, consumer and other, and home equity.

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