MLGF (Malaga Financial) Tax Rate % : 29.56% (As of Dec. 2023)

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What is Malaga Financial Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Malaga Financial's Tax Expense for the six months ended in Dec. 2023 was $9.65 Mil. Malaga Financial's Pre-Tax Income for the six months ended in Dec. 2023 was $32.63 Mil. Therefore, Malaga Financial's Tax Rate % for the quarter that ended in Dec. 2023 was 29.56%.

Malaga Financial Tax Rate % Historical Data

The historical data trend for Malaga Financial'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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Malaga Financial Tax Rate % Chart

Malaga Financial Annual Data

Trend

Dec04

Dec05

Dec06

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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29.46

29.40

29.57

29.63

29.56

Malaga Financial Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Tax Rate %	Get a 7-Day Free Trial							29.46	29.40	29.57	29.63	29.56

Malaga Financial Tax Rate % Calculation

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

Malaga Financial'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 )
	=	9.645	/	32.626
	=	29.56 %

Malaga Financial'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 )
	=	9.645	/	32.626
	=	29.56 %

Malaga Financial Tax Rate % Related Terms

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Malaga Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Malaga Financial Corp (OTCPK:MLGF) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2514 Via Tejon, Palos Verdes Estates, CA, USA, 90274

Website

https://www.malagabank.com

Malaga Financial Corp is a full-service community bank. It bank is a real estate lender concentrating on financing apartments, construction projects, and single-family residences. Its operations are related to traditional banking activities, including the acceptance of deposits and the lending and investing of money. Its customers consist of individuals and small-to-midsize businesses located in the Palos Verdes Peninsula and adjoining areas of Los Angeles and Orange Counties, California.