MFBP (M & F Bancorp) Tax Rate % : 17.49% (As of Dec. 2024)

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What is M & F Bancorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. M & F Bancorp's Tax Expense for the three months ended in Dec. 2024 was $0.28 Mil. M & F Bancorp's Pre-Tax Income for the three months ended in Dec. 2024 was $1.60 Mil. Therefore, M & F Bancorp's Tax Rate % for the quarter that ended in Dec. 2024 was 17.49%.

M & F Bancorp Tax Rate % Historical Data

The historical data trend for M & F 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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M & F Bancorp Tax Rate % Chart

M & F Bancorp Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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21.88

22.89

21.31

21.90

20.10

M & F Bancorp Quarterly Data
	Jun16	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial															22.29	21.17	20.53	21.40	17.49

M & F Bancorp Tax Rate % Calculation

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

M & F Bancorp's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	1.2	/	5.97
	=	20.10 %

M & F Bancorp's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	0.279	/	1.595
	=	17.49 %

M & F Bancorp Tax Rate % Related Terms

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M & F Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » M & F Bancorp Inc (OTCPK:MFBP) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2634 Durham Chapel Hill Boulevard, Suite 101, Durham, NC, USA, 27707

Website

https://www.mfbonline.com

M & F Bancorp Inc is a bank holding company. The Bank has seven branches in North Carolina: two in Durham, two in Raleigh, and one each in Charlotte, Greensboro, and Winston-Salem. The company operates as a single business segment and offers a wide variety of consumer and commercial banking services and products. The Bank offers banking services such as checking accounts, savings accounts, Negotiable Order of Withdrawal accounts, money market accounts, certificates of deposit, individual retirement accounts, equity lines of credit, credit lines, consumer loans, and credit cards.

Executives

Jonathan Sears Woodall

officer: SVP/CFO

5136 LINKSLAND DRIVE, HOLLY SPRINGS NC 27540