BanColombia (BanColombia) Tax Rate % : 24.63% (As of Dec. 2023)

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What is BanColombia Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. BanColombia's Tax Expense for the three months ended in Dec. 2023 was $118 Mil. BanColombia's Pre-Tax Income for the three months ended in Dec. 2023 was $481 Mil. Therefore, BanColombia's Tax Rate % for the quarter that ended in Dec. 2023 was 24.63%.

BanColombia Tax Rate % Historical Data

The historical data trend for BanColombia'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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BanColombia Tax Rate % Chart

BanColombia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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28.21

-2.13

29.68

28.20

23.72

BanColombia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															15.75	24.97	22.32	22.70	24.63

BanColombia Tax Rate % Calculation

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

BanColombia'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 )
	=	482.496	/	2034.171
	=	23.72 %

BanColombia's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	118.446	/	480.948
	=	24.63 %

BanColombia Tax Rate % Related Terms

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BanColombia (BanColombia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BanColombia SA (NYSE:CIB) » Definitions » Tax Rate %

Traded in Other Exchanges

BXK:Germany PFBCOLOM:Columbia BCOLOMBIA:Columbia

Address

Avenida Los Industriales, Carrera 48 No. 26-85, Medellin, COL

Website

https://www.grupobancolombia.com

BanColombia SA is a financial services company. A conglomerate of financial institutions, BanColombia offers a wide range of product offerings and financial services, including loans to small and midsize enterprises and governments, leasing, factoring, and asset management. The company's operations are in Colombia, Panama, Costa Rica, El Salvador, the United States of America, Puerto Rico, Bermuda, and Guatemala.