SBNY (Signature Bank) Tax Rate %: 26.23% (As of Dec. 2022)

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SBNY Signature Bank SBNY
12 GF Score
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What is Signature Bank Tax Rate %?

Signature Bank SBNY +25.00% 12 Tax Rate % is 26.23% as of Dec. 2022. GuruFocus rates SBNY with a GF Score™ of 12/100.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Signature Bank's Tax Expense for the three months ended in Dec. 2022 was $107 Mil. Signature Bank's Pre-Tax Income for the three months ended in Dec. 2022 was $408 Mil. Therefore, Signature Bank's Tax Rate % for the quarter that ended in Dec. 2022 was 26.23%.

Signature Bank Tax Rate % Related Terms

Signature Bank Tax Rate % Historical Data

* Premium members only.

The historical data trend for Signature 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.

Signature Bank Tax Rate % Chart

Signature Bank Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.73 28.60 27.84 26.39 23.83

Signature Bank Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 28.15 17.81 28.21 22.61 26.23
SBNY
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Signature Bank SBNY
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Signature Bank Tax Rate % Calculation

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

Signature Bank's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2022 )/Pre-Tax Income (A: Dec. 2022 )
=418.355/1755.404
=23.83 %

Signature Bank's Tax Rate % for the quarter that ended in Dec. 2022 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2022 )/Pre-Tax Income (Q: Dec. 2022 )
=106.982/407.828
=26.23 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 26.23% mean?
Signature Bank (SBNY) has a Tax Rate % of 26.23% as of Dec. 2022.
Is Signature Bank's Tax Rate % too high?
Signature Bank's current Tax Rate % is 26.23%. Overall, Signature Bank has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Signature Bank's Tax Rate % compare to FSWA and FSTF?
Signature Bank's Tax Rate % of 26.23% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Banks company?
A good Tax Rate % depends on the Banks industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Signature Bank's current Tax Rate % is 26.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Signature Bank stock overvalued right now?
Signature Bank (SBNY) has a current Tax Rate % of 26.23%. The current Tax Rate % is 26.23%. Signature Bank's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Signature Bank (SBNY), the current Tax Rate % is 26.23% as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Signature Bank Business Description

Other Exchanges SBNYL.PFD:USA
Address 565 Fifth Avenue, New York, NY, USA, 10017
Signature Bank is a New York-based commercial bank. It is engaged in offering a wide range of business and personal banking products and services. The operating segments of the company are Commercial banking and Specialty finance. The company operates in New York and derives a majority of its revenue from the Commercial banking segment, which consists principally of commercial real estate lending, fund banking, venture banking, commercial and industrial lending, and commercial deposit gathering activities. Specialty Finance consists of financing and leasing products, including equipment, transportation, taxi medallion, commercial marine, municipal, and national franchise financing and leasing.
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Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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