Ponce Financial Group (FRA:73V0) Tax Rate % : 35.79% (As of Mar. 2024)

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What is Ponce Financial Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Ponce Financial Group's Tax Expense for the three months ended in Mar. 2024 was €1.24 Mil. Ponce Financial Group's Pre-Tax Income for the three months ended in Mar. 2024 was €3.46 Mil. Therefore, Ponce Financial Group's Tax Rate % for the quarter that ended in Mar. 2024 was 35.79%.

Ponce Financial Group Tax Rate % Historical Data

The historical data trend for Ponce Financial Group'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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Ponce Financial Group Tax Rate % Chart

Ponce Financial Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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15.28

26.40

24.41

18.58

42.72

Ponce Financial Group 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															62.27	70.97	40.01	46.02	35.79

Ponce Financial Group Tax Rate % Calculation

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

Ponce Financial Group'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 )
	=	2.293	/	5.367
	=	42.72 %

Ponce Financial Group'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 )
	=	1.238	/	3.459
	=	35.79 %

Ponce Financial Group Tax Rate % Related Terms

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Ponce Financial Group (FRA:73V0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ponce Financial Group Inc (FRA:73V0) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

PDLB:USA

Address

2244 Westchester Avenue, Bronx, NY, USA, 10462

Website

https://www.poncebank.com

Ponce Financial Group Inc, is a United States-based holding company. Its business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations, in mortgage loans, consisting of one-to-four-family residential, multi-family residential, non-residential property and construction and land, and, to a lesser extent, business, and consumer loans. The company also invests in securities, which consists of securities issued by the U.S. Government and federal agencies and mortgage-backed securities issued by the United States government-sponsored enterprises. Some of the products and services include checking solutions, online and mobile banking, merchant credit card services, and others.

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