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MVB Financial (FRA:MV6) Tax Rate % : 22.85% (As of Dec. 2024)


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What is MVB Financial Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MVB Financial's Tax Expense for the three months ended in Dec. 2024 was €2.7 Mil. MVB Financial's Pre-Tax Income for the three months ended in Dec. 2024 was €11.7 Mil. Therefore, MVB Financial's Tax Rate % for the quarter that ended in Dec. 2024 was 22.85%.

MVB Financial Tax Rate % Historical Data

The historical data trend for MVB 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.

* Premium members only.

MVB Financial Tax Rate % Chart

MVB Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.30 20.31 21.92 18.57 23.15

MVB Financial Quarterly Data
Mar20 Jun20 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 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 15.31 22.17 24.94 22.93 22.85

MVB Financial Tax Rate % Calculation

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

MVB 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 )
=5.825/25.159
=23.15 %

MVB 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 )
=2.669/11.683
=22.85 %

* 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.

MVB Financial Tax Rate % Related Terms

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MVB Financial Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MVB Financial Corp (FRA:MV6) » Definitions » Tax Rate %
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Traded in Other Exchanges
MVBF:USA
Address
301 Virginia Avenue, Fairmont, WV, USA, 26554
Website
https://www.mvbbanking.com
MVB Financial Corp is a bank holding company. The company provides Personal banking, Business banking, and Fintech solutions. The group has identified three reportable segments: CoRe Banking, Mortgage Banking, and Financial Holding Company. The majority of ts revenue generated from the CoRe Banking segment, which includes the Fintech division, represents banking products and services offered to customers by the Bank, loans, and deposit accounts. Revenue from banking activities consists of interest earned on loans and investment securities and service charges on deposit accounts.

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