River Financial (River Financial) Tax Rate % : 23.10% (As of Mar. 2024)

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What is River Financial Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. River Financial's Tax Expense for the three months ended in Mar. 2024 was $1.7 Mil. River Financial's Pre-Tax Income for the three months ended in Mar. 2024 was $7.6 Mil. Therefore, River Financial's Tax Rate % for the quarter that ended in Mar. 2024 was 23.10%.

River Financial Tax Rate % Historical Data

The historical data trend for River 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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River Financial Tax Rate % Chart

River Financial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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23.79

21.19

22.25

22.15

20.39

River Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															21.12	22.68	22.55	15.85	23.10

River Financial Tax Rate % Calculation

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

River 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 )
	=	6.848	/	33.587
	=	20.39 %

River Financial's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	1.745	/	7.555
	=	23.10 %

River Financial Tax Rate % Related Terms

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River Financial (River Financial) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

2611 Legends Drive, Prattville, AL, USA, 36066

Website

https://www.riverbankandtrust.com

River Financial Corp is a bank holding company. It provides commercial and consumer banking services to businesses, business owners, and professionals in the United States. It offers services such as loan, deposits, electronic banking and other banking services. It offers demand deposits, savings and time deposits, interest-bearing transaction accounts, money market accounts, negotiable orders of withdrawal accounts, as well as certificates of deposit. Companies principal sources of income are interest and fees collected on loans, interest collected on other investments, fees earned from the origination and sale of residential mortgage loans, and service charges, as well as income from investment brokerage services.

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