Cadence Bank (Cadence Bank) Tax Rate % : 23.29% (As of Mar. 2024)

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What is Cadence Bank Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Cadence Bank's Tax Expense for the three months ended in Mar. 2024 was $36 Mil. Cadence Bank's Pre-Tax Income for the three months ended in Mar. 2024 was $152 Mil. Therefore, Cadence Bank's Tax Rate % for the quarter that ended in Mar. 2024 was 23.29%.

Cadence Bank Tax Rate % Historical Data

The historical data trend for Cadence Bank'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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Cadence Bank Tax Rate % Chart

Cadence Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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21.79

20.69

20.45

22.48

504.84

Cadence Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															22.40	22.41	22.03	23.55	23.29

Cadence Bank Tax Rate % Calculation

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

Cadence Bank'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 )
	=	-4.594	/	-0.91
	=	504.84 %

Cadence Bank'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 )
	=	35.509	/	152.487
	=	23.29 %

Cadence Bank Tax Rate % Related Terms

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Cadence Bank (Cadence Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Cadence Bank (NYSE:CADE) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

CADEpA.PFD:USA

Address

201 South Spring Street, One Mississippi Plaza, Tupelo, MS, USA, 38804

Website

https://www.cadencebank.com

Cadence Bank is a bank based in the United States. The operating segments 1) Banking Services segment provides all traditional banking products and services, including commercial loans and deposits. 2) Mortgage segment includes mortgage banking activities of originating mortgage loans, and selling mortgage loans in the secondary market.3) Wealth Management segment offers individuals, businesses, governmental institutions and non-profit entities solutions to help protect, grow and transfer wealth. 4) Insurance Agencies segment provides service as agents in the sale of commercial lines of insurance and full lines of property and casualty, life, etc. 5) General Corporate and Other segment included other activities not allocated to other aforementioned operating segments.