SRNN (Southern Banc Co) Tax Rate % : 26.05% (As of Dec. 2024)

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What is Southern Banc Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Southern Banc Co's Tax Expense for the three months ended in Dec. 2024 was $0.13 Mil. Southern Banc Co's Pre-Tax Income for the three months ended in Dec. 2024 was $0.50 Mil. Therefore, Southern Banc Co's Tax Rate % for the quarter that ended in Dec. 2024 was 26.05%.

Southern Banc Co Tax Rate % Historical Data

The historical data trend for Southern Banc 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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Southern Banc Co Tax Rate % Chart

Southern Banc Co Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Tax Rate %

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26.81

26.12

26.22

25.30

25.19

Southern Banc Co Quarterly Data
	Mar20	Jun20	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															26.06	26.09	22.63	26.05	26.05

Southern Banc Co Tax Rate % Calculation

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

Southern Banc Co's Tax Rate % for the fiscal year that ended in Jun. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Jun. 2024 )	/	Pre-Tax Income (A: Jun. 2024 )
	=	0.539	/	2.14
	=	25.19 %

Southern Banc 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 )
	=	0.13	/	0.499
	=	26.05 %

Southern Banc Co Tax Rate % Related Terms

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Southern Banc Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern Banc Co Inc (OTCPK:SRNN) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

221 South 6th Street, Gadsden, AL, USA, 35901

Website

https://www.sobanco.com

Southern Banc Co Inc provides personal and business banking solutions. It offers banking solutions for every personal banking need including Personal Checking, Mortgage Loans, Consumer Loans, and Home Equity Lines of Credit. The principal business of the Bank consists of accepting deposits from the general public through the Bank's main and branch offices and investing those funds in loans secured by real estate properties, commercial and consumer loans located in the Bank's primary market area, and factoring. The company serves small and medium-sized business customers the United States.

Executives

Fred Taylor	director
Little James B Iii	director
Craig G Cantrell	director
Dowling Thomas F Iii	director
Little James B Jr	director, officer: Vice President
Gates Little	director, officer: President