SOME (Somerset Trust Holding Co) Tax Rate % : 14.57% (As of Dec. 2024)

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What is Somerset Trust Holding Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Somerset Trust Holding Co's Tax Expense for the three months ended in Dec. 2024 was $1.10 Mil. Somerset Trust Holding Co's Pre-Tax Income for the three months ended in Dec. 2024 was $7.52 Mil. Therefore, Somerset Trust Holding Co's Tax Rate % for the quarter that ended in Dec. 2024 was 14.57%.

Somerset Trust Holding Co Tax Rate % Historical Data

The historical data trend for Somerset Trust Holding Co'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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Somerset Trust Holding Co Tax Rate % Chart

Somerset Trust Holding Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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9.71

10.35

13.59

15.04

16.93

Somerset Trust Holding Co Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial														8.28	19.51	16.31	17.55	14.57

Somerset Trust Holding Co Tax Rate % Calculation

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

Somerset Trust Holding Co's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	4.991	/	29.48
	=	16.93 %

Somerset Trust Holding Co's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	1.095	/	7.515
	=	14.57 %

Somerset Trust Holding Co Tax Rate % Related Terms

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Somerset Trust Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Somerset Trust Holding Co (OTCPK:SOME) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

151 West Main Street, P.O. Box 777, Somerset, PA, USA, 15501

Website

https://www.somersettrust.com

Somerset Trust Holding Co is a state-chartered bank, which offers a variety of consumer and commercial lending and deposit products, together with trust and investment management services, an extensive ATM network, and online and mobile banking for consumers and businesses. The Company's and the Bank's revenues are derived from the Bank's portfolio of residential real estate, commercial mortgage and commercial and consumer loans, investment and trust services, and securities portfolio.