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Banca Ifis (MIL:IF) Tax Rate % : 34.15% (As of Sep. 2024)


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What is Banca Ifis Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Banca Ifis's Tax Expense for the three months ended in Sep. 2024 was €17.3 Mil. Banca Ifis's Pre-Tax Income for the three months ended in Sep. 2024 was €50.6 Mil. Therefore, Banca Ifis's Tax Rate % for the quarter that ended in Sep. 2024 was 34.15%.

Banca Ifis Tax Rate % Historical Data

The historical data trend for Banca Ifis'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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Banca Ifis Tax Rate % Chart

Banca Ifis Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.94 24.75 31.74 33.01 31.84

Banca Ifis Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 32.28 30.25 34.15 34.15 34.15

Banca Ifis Tax Rate % Calculation

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

Banca Ifis'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 )
=75.641/237.557
=31.84 %

Banca Ifis's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=17.28/50.6
=34.15 %

* 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.

Banca Ifis Tax Rate % Related Terms

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Banca Ifis Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banca Ifis (MIL:IF) » Definitions » Tax Rate %
Comparable Companies
MIL:BDB MIL:ILTY MIL:BST MIL:PRO MIL:DOV MIL:BPSO MIL:CE MIL:BGN NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 SGX:D05 NSE:SBIN PNC USB ISX:BBCA HKSE:01658 MIL:ISP XPAR:BNP
Traded in Other Exchanges
0NBX:UK 0I6:Germany 0I6:Germany
Address
Via Terraglio, 63, Mestre, Venice, ITA, 30174
Website
https://www.bancaifis.it
Banca Ifis is an independent banking group specializing in the collection of trade receivables, non-performing loans, and tax receivables. The group's credit is exposed mostly to Italy and other European nations. Its trade receivables segment focuses on growing trade finance loans and providing liquidity to Italian small and medium-sized enterprises. Approximately one-third of its loan portfolio is from government and public administration, whereas two-thirds are from the private sector. The group's earning assets are split nearly evenly between loans to customers and debt and equity securities available for sale. The group's net revenue is net interest income.