MetroCity Bankshares (FRA:7IR) Tax Rate % : 28.39% (As of Mar. 2024)

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What is MetroCity Bankshares Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MetroCity Bankshares's Tax Expense for the three months ended in Mar. 2024 was €5.3 Mil. MetroCity Bankshares's Pre-Tax Income for the three months ended in Mar. 2024 was €18.8 Mil. Therefore, MetroCity Bankshares's Tax Rate % for the quarter that ended in Mar. 2024 was 28.39%.

MetroCity Bankshares Tax Rate % Historical Data

The historical data trend for MetroCity Bankshares'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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MetroCity Bankshares Tax Rate % Chart

MetroCity Bankshares Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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26.53

25.37

25.32

31.37

28.29

MetroCity Bankshares 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															27.08	29.58	26.99	29.68	28.39

MetroCity Bankshares Tax Rate % Calculation

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

MetroCity Bankshares'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 )
	=	18.669	/	65.998
	=	28.29 %

MetroCity Bankshares'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 )
	=	5.337	/	18.797
	=	28.39 %

MetroCity Bankshares Tax Rate % Related Terms

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MetroCity Bankshares (FRA:7IR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MetroCity Bankshares Inc (FRA:7IR) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

MCBS:USA

Address

5114 Buford Highway, Doraville, GA, USA, 30340

Website

https://www.metrocitybank.com

MetroCity Bankshares Inc is a holding company of its subsidiary Metro City Bank. It provides commercial banking services such as consumer and commercial checking accounts, savings accounts, certificates of deposits, commercial and consumer loans, money transfers and a variety of other banking services. The banks generate revenue from interest income. Its customers include small business owners, professionals, consumers, and real estate developers.

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