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INFT (Infinity Bancorp) Tax Rate % : 30.29% (As of Dec. 2023)


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What is Infinity Bancorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Infinity Bancorp's Tax Expense for the six months ended in Dec. 2023 was $1.68 Mil. Infinity Bancorp's Pre-Tax Income for the six months ended in Dec. 2023 was $5.55 Mil. Therefore, Infinity Bancorp's Tax Rate % for the quarter that ended in Dec. 2023 was 30.29%.

Infinity Bancorp Tax Rate % Historical Data

The historical data trend for Infinity 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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Infinity Bancorp Tax Rate % Chart

Infinity Bancorp Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial -0.05 -0.32 -82.04 30.13 30.29

Infinity Bancorp Semi-Annual Data
Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate % Get a 7-Day Free Trial -0.05 -0.32 -82.04 30.13 30.29

Infinity Bancorp Tax Rate % Calculation

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

Infinity 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 )
=1.682/5.553
=30.29 %

Infinity Bancorp's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2023 )/Pre-Tax Income (Q: Dec. 2023 )
=1.682/5.553
=30.29 %

* 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.

Infinity Bancorp Tax Rate % Related Terms

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Infinity Bancorp Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Infinity Bancorp (OTCPK:INFT) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
6 Hutton Centre Drive, Suite 100, Santa Ana, CA, USA, 92707
Website
https://www.goinfinitybank.com
Infinity Bancorp operates as a community bank. The company operates in the local market offering traditional products and services, serving the needs of small-to-medium sized businesses, business owners and professionals, and real estate owners and investors.