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Western New England Bancorp (FRA:489) Tax Rate % : 21.84% (As of Mar. 2024)


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What is Western New England Bancorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Western New England Bancorp's Tax Expense for the three months ended in Mar. 2024 was €0.76 Mil. Western New England Bancorp's Pre-Tax Income for the three months ended in Mar. 2024 was €3.49 Mil. Therefore, Western New England Bancorp's Tax Rate % for the quarter that ended in Mar. 2024 was 21.84%.

Western New England Bancorp Tax Rate % Historical Data

The historical data trend for Western New England 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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Western New England Bancorp Tax Rate % Chart

Western New England Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.40 20.78 25.30 25.24 23.06

Western New England Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 23.96 20.31 18.71 30.61 21.84

Western New England Bancorp Tax Rate % Calculation

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

Western New England 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 )
=4.141/17.959
=23.06 %

Western New England Bancorp's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2024 )/Pre-Tax Income (Q: Mar. 2024 )
=0.761/3.485
=21.84 %

* 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.

Western New England Bancorp Tax Rate % Related Terms

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Western New England Bancorp (FRA:489) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Western New England Bancorp Inc (FRA:489) » Definitions » Tax Rate %
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Traded in Other Exchanges
WNEB:USA
Address
141 Elm Street, Westfield, MA, USA, 01085
Website
https://www.westfieldbank.com
Western New England Bancorp Inc through its bank subsidiary, provides a range of financial services to individuals and companies in western Massachusetts and northern Connecticut. These services include commercial lending, residential lending and consumer lending, checking, savings and time deposits, cash management, and wealth management. Substantially all of the Company's revenues, profits, and assets are derived by the Bank from banking products and services.

Western New England Bancorp (FRA:489) Headlines

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