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Tri City Bankshares's tax expense for the months ended in Sep. 2023 was $0.37 Mil. Its tax expense for the trailing twelve months (TTM) ended in Sep. 2023 was $0.37 Mil.
The historical data trend for Tri City Bankshares'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.
Tri City Bankshares Annual Data | |||||||||||||||||||||
Trend | Dec08 | Dec09 | Dec10 | Dec11 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Tax Expense | Get a 7-Day Free Trial | 5.38 | 7.51 | 4.55 | 3.73 | 2.52 |
Tri City Bankshares Quarterly Data | ||||||||||||||||||||
Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Sep22 | Sep23 | |
Tax Expense | Get a 7-Day Free Trial | 0.71 | 0.65 | 0.43 | 0.80 | 0.37 |
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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.37 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.
Tri City Bankshares (OTCPK:TRCY) 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.
Thank you for viewing the detailed overview of Tri City Bankshares's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.
Christ Krantz | director | 9999 W NORTH AVE, STE 115, WAUWATOSA WI 53226 |
Frederick R Klug | officer: Sr. Vice President & CFO | |
Scott D Geradin | director, officer: Senior Vice President | 6400 S 27TH STREET, OAK CREEK WI 53154 |
William Gravitter | director | |
Frank Bauer | director | W312 S5860 DABLE ROAD, MUKWONAGO WI 53149 |
Thomas G Ulrich | other: See remarks below | P.O. BOX 180437, DELAFIELD WI 53018-1590 |
Ulrich Voting Trust | 10 percent owner | C/O KATHLEEN L. MCGARRY, VOTING TRUSTEE, P.O.BOX 180437, DELAFIELD WI 53018-0437 |
Kathleen L Mcgarry | other: See remarks below | P.O. BOX 180437, DELAFIELD WI 53018-0437 |
Scott A Wilson | director, officer: Sr. Vice Pres./Secretary | 8410 S 29TH STREET, OAK CREED WI 53154 |
Sanford Fedderly | director | 161 E BAY RIDGE DRIVE, FORT LAUDERDALE FL 33326 |
Brian T Mcgarry | director | P.O. BOX 180437, DELAFIELD WI 53018-0437 |
Agatha T Ulrich | director, 10 percent owner | |
Ulrich David A Jr | director | 7388 TRINITY COURT, FRANKLIN WI 53132 |
William N Beres | director | 21095 STRATFORD COURT, BROOKFIELD WI 53045 |
Robert W Orth | director, officer: Senior Vice President | 8410 S 29TH STREET, OAK CREED WI 53154 |
From GuruFocus
By GuruFocus Research • 10-27-2023
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