Mizrahi Tefahot Bank (Mizrahi Tefahot Bank) Tax Rate % : 34.98% (As of Jun. 2023)

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What is Mizrahi Tefahot Bank Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Mizrahi Tefahot Bank's Tax Expense for the three months ended in Jun. 2023 was $210 Mil. Mizrahi Tefahot Bank's Pre-Tax Income for the three months ended in Jun. 2023 was $599 Mil. Therefore, Mizrahi Tefahot Bank's Tax Rate % for the quarter that ended in Jun. 2023 was 34.98%.

Mizrahi Tefahot Bank Tax Rate % Historical Data

The historical data trend for Mizrahi Tefahot 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.

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Mizrahi Tefahot Bank Tax Rate % Chart

Mizrahi Tefahot Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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34.83

34.68

34.39

33.84

34.45

Mizrahi Tefahot Bank Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Tax Rate %	Get a 7-Day Free Trial															34.34	33.84	34.55	34.98	-

Mizrahi Tefahot Bank Tax Rate % Calculation

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

Mizrahi Tefahot Bank'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 )
	=	717.995	/	2084.311
	=	34.45 %

Mizrahi Tefahot Bank's Tax Rate % for the quarter that ended in Jun. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Jun. 2023 )	/	Pre-Tax Income (Q: Jun. 2023 )
	=	209.561	/	599.091
	=	34.98 %

Mizrahi Tefahot Bank Tax Rate % Related Terms

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Mizrahi Tefahot Bank (Mizrahi Tefahot Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mizrahi Tefahot Bank Ltd (OTCPK:MZTFF) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

MZTF:Israel

Address

7 Jabotinsky Street, P.O. Box 3450, Ramat Gan, ISR, 5252007

Website

https://www.mizrahi-tefahot.co.il

Mizrahi Tefahot Bank Ltd offers commercial and personal banking services. The company reports seven core segments: household, consisting of individuals with assets less than ILS 3 million in assets; private banking, consisting of individuals with financial assets greater than ILS 3 million; micro and small business; medium business; large business; institutional investor, servicing asset managers, fund managers, and insurance companies; and financial management, including trade operations, asset, and liability management, and miscellaneous investments. Approximately half of the company's total revenue comes from the household segment. The company operates through a branch network spanning Israel, Europe, and the Americas.