HRGG (Heritage NOLA Bancorp) Tax Rate %: 10.81% (As of Mar. 2020)

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What is Heritage NOLA Bancorp Tax Rate %?

Heritage NOLA Bancorp HRGG Tax Rate % is 10.81% as of Mar. 2020.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Heritage NOLA Bancorp's Tax Expense for the three months ended in Mar. 2020 was $0.01 Mil. Heritage NOLA Bancorp's Pre-Tax Income for the three months ended in Mar. 2020 was $0.07 Mil. Therefore, Heritage NOLA Bancorp's Tax Rate % for the quarter that ended in Mar. 2020 was 10.81%.

Heritage NOLA Bancorp Tax Rate % Related Terms

Heritage NOLA Bancorp Tax Rate % Historical Data

* Premium members only.

The historical data trend for Heritage NOLA 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.

Heritage NOLA Bancorp Tax Rate % Chart

Heritage NOLA Bancorp Annual Data
Trend Dec16 Dec17 Dec18 Dec19
Tax Rate %
41.04 32.72 19.46 18.58

Heritage NOLA Bancorp Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 22.97 2.33 29.66 13.93 10.81

Heritage NOLA Bancorp Tax Rate % Calculation

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

Heritage NOLA Bancorp's Tax Rate % for the fiscal year that ended in Dec. 2019 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2019 )/Pre-Tax Income (A: Dec. 2019 )
=0.081/0.436
=18.58 %

Heritage NOLA Bancorp's Tax Rate % for the quarter that ended in Mar. 2020 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2020 )/Pre-Tax Income (Q: Mar. 2020 )
=0.008/0.074
=10.81 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 10.81% mean?
Heritage NOLA Bancorp (HRGG) has a Tax Rate % of 10.81% as of Mar. 2020.
Is Heritage NOLA Bancorp's Tax Rate % too high?
Heritage NOLA Bancorp's current Tax Rate % is 10.81%.
How does Heritage NOLA Bancorp's Tax Rate % compare to SSBP and IOFB?
Heritage NOLA Bancorp's Tax Rate % of 10.81% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Banks company?
A good Tax Rate % depends on the Banks industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Heritage NOLA Bancorp's current Tax Rate % is 10.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heritage NOLA Bancorp stock overvalued right now?
Heritage NOLA Bancorp (HRGG) has a current Tax Rate % of 10.81%. The current Tax Rate % is 10.81%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Heritage NOLA Bancorp (HRGG), the current Tax Rate % is 10.81% as of Mar. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Heritage NOLA Bancorp Business Description

Address 205 North Columbia Street, Covington, LA, USA, 70433
Heritage NOLA Bancorp Inc is a banking company. Its services include personal banking, business banking, and loan facilities. The bank offers deposits, personal loans, mobile and online banking, trade finance, interest checking, foreign exchange, merchant, and other banking services.