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Eastern Bankshares (FRA:EB0) Tax Rate % : 21.03% (As of Mar. 2024)


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What is Eastern Bankshares Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Eastern Bankshares's Tax Expense for the three months ended in Mar. 2024 was €9.5 Mil. Eastern Bankshares's Pre-Tax Income for the three months ended in Mar. 2024 was €45.0 Mil. Therefore, Eastern Bankshares's Tax Rate % for the quarter that ended in Mar. 2024 was 21.03%.

Eastern Bankshares Tax Rate % Historical Data

The historical data trend for Eastern Bankshares'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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Eastern Bankshares Tax Rate % Chart

Eastern Bankshares Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial 22.62 36.66 17.31 21.71 50.25

Eastern Bankshares 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 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 24.44 26.58 -34.21 6.83 21.03

Eastern Bankshares Tax Rate % Calculation

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

Eastern Bankshares'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 )
=-58.054/-115.54
=50.25 %

Eastern Bankshares'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 )
=9.469/45.024
=21.03 %

* 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.

Eastern Bankshares Tax Rate % Related Terms

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Eastern Bankshares (FRA:EB0) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eastern Bankshares Inc (FRA:EB0) » Definitions » Tax Rate %
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Traded in Other Exchanges
EBC:USA
Address
265 Franklin Street, Boston, MA, USA, 02110
Website
https://www.easternbank.com
Eastern Bankshares Inc is a commercial bank that caters its products and services to retail, commercial, and small business customers. Its diversified products and services include lending, deposit, wealth management, and insurance products. The company has two operating segments; Banking business offers a range of commercial, retail, wealth management, and banking services, and consists of attracting deposits from the general public and investing those deposits, together with borrowings and funds generated from operations and the Insurance agency business segment consist of insurance-related activities, acting as an independent agent in offering commercial, personal and employee benefits insurance products to individual and commercial clients.

Eastern Bankshares (FRA:EB0) Headlines

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