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Infinity Bancorp (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 (Infinity Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Infinity Bancorp (OTCPK:INFT) » Definitions » Tax Rate %
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CBAF HCBC MNBP EQFN EFIN LUMB PBBK QNTO SHFS FSEA CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
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. It provides a full range of commercial banking products and solutions for retail and institutional customers. The company products and services include savings and checking accounts, credit cards, treasury management, payment processing, online banking, mobile banking, electronic statements, personal loans, commercial real estate loans and construction loans.