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RWCB (Redwood Capital Bancorp) Tax Rate % : 27.66% (As of Sep. 2024)


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What is Redwood Capital Bancorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Redwood Capital Bancorp's Tax Expense for the three months ended in Sep. 2024 was $0.53 Mil. Redwood Capital Bancorp's Pre-Tax Income for the three months ended in Sep. 2024 was $1.90 Mil. Therefore, Redwood Capital Bancorp's Tax Rate % for the quarter that ended in Sep. 2024 was 27.66%.

Redwood Capital Bancorp Tax Rate % Historical Data

The historical data trend for Redwood Capital 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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Redwood Capital Bancorp Tax Rate % Chart

Redwood Capital Bancorp Annual Data
Trend Dec04 Dec05 Dec06 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial 0.13 29.32 27.38 27.94 27.72

Redwood Capital Bancorp Quarterly Data
Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec20 Dec21 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 28.42 28.10 27.61 25.43 27.66

Redwood Capital Bancorp Tax Rate % Calculation

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

Redwood Capital Bancorp'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 )
=2.702/9.746
=27.72 %

Redwood Capital Bancorp'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 )
=0.525/1.898
=27.66 %

* 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.

Redwood Capital Bancorp Tax Rate % Related Terms

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Redwood Capital Bancorp Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Redwood Capital Bancorp (OTCPK:RWCB) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
402 G Street, Eureka, CA, USA, 95501
Website
https://www.redwoodcapitalbank.com
Redwood Capital Bancorp through its subsidiary provides various banking products and services. The company offers commercial, industrial, agricultural, residential and personal credit and other banking services through its branches located in Eureka, Fortuna, and Arcata, California.