Victory Bancorp (Victory Bancorp) Tax Rate % : 21.77% (As of Mar. 2024)

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What is Victory Bancorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Victory Bancorp's Tax Expense for the three months ended in Mar. 2024 was $0.06 Mil. Victory Bancorp's Pre-Tax Income for the three months ended in Mar. 2024 was $0.29 Mil. Therefore, Victory Bancorp's Tax Rate % for the quarter that ended in Mar. 2024 was 21.77%.

Victory Bancorp Tax Rate % Historical Data

The historical data trend for Victory 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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Victory Bancorp Tax Rate % Chart

Victory Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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22.51

21.88

17.67

20.68

21.52

Victory Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															21.72	20.64	6.67	-	21.77

Victory Bancorp Tax Rate % Calculation

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

Victory 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 )
	=	0.587	/	2.728
	=	21.52 %

Victory Bancorp'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 )
	=	0.064	/	0.294
	=	21.77 %

Victory Bancorp Tax Rate % Related Terms

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Victory Bancorp (Victory Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Victory Bancorp Inc (OTCPK:VTYB) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

548 N. Lewis Road, Suite 205, Limerick, PA, USA, 19468

Website

https://www.victorybank.com

Victory Bancorp Inc operates a full-service commercial and consumer banking business. The Bank's focus is on small- and middle-market commercial and retail customers. The Bank originates secured and unsecured commercial loans, commercial mortgage loans, consumer loans and construction loans and does not make subprime loans. The Bank also offers revolving credit loans, small business loans and automobile loans. The Bank offers a variety of deposit products, including demand and savings deposits, regular savings accounts, investment certificates and fixed-rate certificates of deposit.