Silvergate Capital (LTS:0A96) Tax Rate % : 23.70% (As of Sep. 2022)

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What is Silvergate Capital Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Silvergate Capital's Tax Expense for the three months ended in Sep. 2022 was $13.46 Mil. Silvergate Capital's Pre-Tax Income for the three months ended in Sep. 2022 was $56.79 Mil. Therefore, Silvergate Capital's Tax Rate % for the quarter that ended in Sep. 2022 was 23.70%.

Silvergate Capital Tax Rate % Historical Data

The historical data trend for Silvergate Capital'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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Silvergate Capital Tax Rate % Chart

Silvergate Capital Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Tax Rate %

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26.53

28.34

16.53

8.05

-0.72

Silvergate Capital Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Tax Rate %	Get a 7-Day Free Trial															9.38	20.39	21.55	23.70	2.27

Silvergate Capital Tax Rate % Calculation

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

Silvergate Capital's Tax Rate % for the fiscal year that ended in Dec. 2021 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2021 )	/	Pre-Tax Income (A: Dec. 2021 )
	=	6.875	/	85.403
	=	8.05 %

Silvergate Capital's Tax Rate % for the quarter that ended in Sep. 2022 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2022 )	/	Pre-Tax Income (Q: Sep. 2022 )
	=	13.462	/	56.79
	=	23.70 %

Silvergate Capital Tax Rate % Related Terms

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Silvergate Capital (LTS:0A96) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Silvergate Capital Corp (LTS:0A96) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4250 Executive Square, Suite 300, La Jolla, CA, USA, 92037

Website

https://www.silvergatebank.com

Silvergate Capital Corp is a provider of various financial infrastructure solutions and services. Its solutions and service offerings include Silvergate Exchange Network, Cash Management Solutions and Deposit Account Services. Its customers include U.S. exchanges and global investors in the digital currency industry. The company also provides financial services that include commercial banking, business lending, commercial and residential real estate lending, and mortgage warehouse lending.

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