GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ohio Valley Banc Corporation (NAS:OVBC) » Definitions » Tax Expense

OVBC (Ohio Valley Banc) Tax Expense : $2.38 Mil (TTM As of Sep. 2024)


View and export this data going back to 1996. Start your Free Trial

What is Ohio Valley Banc Tax Expense?

Ohio Valley Banc's tax expense for the months ended in Sep. 2024 was $0.58 Mil. Its tax expense for the trailing twelve months (TTM) ended in Sep. 2024 was $2.38 Mil.


Ohio Valley Banc Tax Expense Historical Data

The historical data trend for Ohio Valley Banc's Tax Expense 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.

* Premium members only.

Ohio Valley Banc Tax Expense Chart

Ohio Valley Banc Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.05 2.28 2.59 2.57 2.38

Ohio Valley Banc Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Tax Expense 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 0.68 0.60 0.65 0.58 0.55

Ohio Valley Banc Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.38 Mil.

* 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.


Ohio Valley Banc  (NAS:OVBC) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.


Ohio Valley Banc Tax Expense Related Terms

Thank you for viewing the detailed overview of Ohio Valley Banc's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.


Ohio Valley Banc Business Description

Traded in Other Exchanges
N/A
Address
420 Third Avenue, PO Box 240, Gallipolis, OH, USA, 45631
Ohio Valley Banc Corporation is a financial holding company. The bank is a full-service financial institution offering a blend of commercial and consumer banking services within Southeastern Ohio as well as western West Virginia. The banking services offered by the bank include the acceptance of deposits in checking, savings, time and money market accounts; the making and servicing of personal, commercial, and student loans; and the making of construction and real estate loans. It also offers individual retirement accounts, safe deposit boxes, wire transfers and other standard banking products and services. The bank segmented its operating activities into two reportable segments, Banking and Consumer Finance. The majority of its total revenue is derived from the Banking segment.
Executives
Anna P Barnitz director P.O. BOX 240, 420 3RD AVE., GALLIPOLIS OH 45631-0240
David W Thomas director 1204 BROKEN BOW CT, WESTERVILLE OH 43081-3262
Edward Bryant Roberts director 420 THIRD AVENUE, PO BOX 240, GALLIPOLIS OH 45631
Bryan F Stepp officer: SVP and CCO 420 THIRD AVENUE, P O BOX 240, GALLIPOLIS OH 45631-0240
Edward Allen Bell other: Not a reporting person 5521 OHIO RIVER ROAD, POINT PLEASANT WV 25550
Ryan Joseph Jones officer: RISK OFFICER/COO 420 THIRD AVENUE, GALLIPOLIS OH 45631
Brent A Saunders director P.O. BOX 240, 420 3RD AVE., GALLIPOLIS OH 45631-0240
Kevin Ryan Smith director 420 THIRD AVENUE, P.O. BOX 240, GALLIPOLIS OH 45631
Katrinka V Hart officer: Vice President of OVBC P.O. BOX 240, 420 3RD AVE., GALLIPOLIS OH 45631-0240
Edward J Robbins director 420 THIRD AVENUE P O BOX 240, GALLIPOLIS OH 45631
Thomas E Wiseman director P.O. BOX 240, 420 3RD AVE., GALLIPOLIS OH 45631-0240
Kimberly A Canady director 420 THIRD AVENUE P O BOX 240, GALLIPOLIS OH 45631
Jeffrey E Smith director, officer: President and CEO of OVBC P.O. BOX 240, 420 3RD AVE., GALLIPOLIS OH 45631-0240
John G Jones director 420 THIRD AVENUE, P O BOX 240, GALLIPOLIS OH 45631
Harold A Howe director, officer: Vice President of OVBC P.O. BOX 240, 420 3RD AVE., GALLIPOLIS OH 45631-0240

Ohio Valley Banc Headlines

From GuruFocus

OVBC ANNOUNCES CASH DIVIDEND

By PRNewswire 04-17-2024

OVBC ANNOUNCES CASH DIVIDEND

By PRNewswire PRNewswire 01-17-2023

OVBC ANNOUNCES CASH DIVIDEND

By PRNewswire 10-17-2023

OVBC ANNOUNCES CASH DIVIDEND

By PRNewswire 07-16-2024

OVBC ANNOUNCES CASH DIVIDEND

By PRNewswire PRNewswire 04-18-2023

OVBC announces new CEO, special dividend

By PRNewswire PRNewswire 06-18-2022

OVBC ANNOUNCES CASH DIVIDEND

By PRNewswire 01-16-2024

OVBC ANNOUNCES CASH DIVIDEND

By PRNewswire 01-14-2025