First Republic Bank (MEX:FRC) Tax Rate %: 20.90% (As of Dec. 2022)

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Director of Data and Quant Analytics at GuruFocus
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MEX:FRC First Republic Bank MEX:FRC
12 GF Score
Price MXN60.95
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What is First Republic Bank Tax Rate %?

First Republic Bank MEX:FRC 12 Tax Rate % is 20.90% as of Dec. 2022. GuruFocus rates MEX:FRC with a GF Score™ of 12/100.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. First Republic Bank's Tax Expense for the three months ended in Dec. 2022 was MXN1,989 Mil. First Republic Bank's Pre-Tax Income for the three months ended in Dec. 2022 was MXN9,514 Mil. Therefore, First Republic Bank's Tax Rate % for the quarter that ended in Dec. 2022 was 20.90%.

First Republic Bank Tax Rate % Related Terms

First Republic Bank Tax Rate % Historical Data

* Premium members only.

The historical data trend for First Republic Bank'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.

First Republic Bank Tax Rate % Chart

First Republic Bank Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.82 17.92 20.24 19.15 22.23

First Republic Bank Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 22.88 23.36 21.65 20.90 21.11
MEX:FRC
12GF Score
First Republic Bank MEX:FRC
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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First Republic Bank Tax Rate % Calculation

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

First Republic Bank's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2022 )/Pre-Tax Income (A: Dec. 2022 )
=9280.096/41740.936
=22.23 %

First Republic Bank's Tax Rate % for the quarter that ended in Dec. 2022 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2022 )/Pre-Tax Income (Q: Dec. 2022 )
=1988.592/9514.048
=20.90 %

* 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 20.90% mean?
First Republic Bank (MEX:FRC) has a Tax Rate % of 20.90% as of Dec. 2022.
Is First Republic Bank's Tax Rate % too high?
First Republic Bank's current Tax Rate % is 20.90%. Overall, First Republic Bank has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does First Republic Bank's Tax Rate % compare to FRBK and SIVBQ?
First Republic Bank's Tax Rate % of 20.90% 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. First Republic Bank's current Tax Rate % is 20.90%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Republic Bank stock overvalued right now?
First Republic Bank (MEX:FRC) has a current Tax Rate % of 20.90%. The current Tax Rate % is 20.90%. First Republic Bank's overall GF Score™ is 12/100. 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 First Republic Bank (MEX:FRC), the current Tax Rate % is 20.90% as of Dec. 2022. 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.

First Republic Bank Business Description

Address 111 Pine Street, 2nd Floor, San Francisco, CA, USA, 94111
First Republic Bank offers private banking and wealth management services to high-net-worth clients. Services are offered in the San Francisco, New York City, and Los Angeles markets. The bank was founded in 1985.
12GF Score

Get the complete analysis for MEX:FRC

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN60.95
Price