Security Bank (PHS:SECB) Tax Rate % : 22.08% (As of Mar. 2024)

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What is Security Bank Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Security Bank's Tax Expense for the three months ended in Mar. 2024 was ₱745 Mil. Security Bank's Pre-Tax Income for the three months ended in Mar. 2024 was ₱3,374 Mil. Therefore, Security Bank's Tax Rate % for the quarter that ended in Mar. 2024 was 22.08%.

Security Bank Tax Rate % Historical Data

The historical data trend for Security 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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Security Bank Tax Rate % Chart

Security Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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18.63

-74.74

32.59

23.98

24.49

Security 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															22.99	27.46	13.19	36.34	22.08

Security Bank Tax Rate % Calculation

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

Security 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 )
	=	2953.475	/	12058.913
	=	24.49 %

Security 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 )
	=	744.768	/	3373.585
	=	22.08 %

Security Bank Tax Rate % Related Terms

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Security Bank (PHS:SECB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Security Bank Corp (PHS:SECB) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

SYBJF:USA

Address

6776 Ayala Avenue, Security Bank Centre, Makati, PHL, 0719

Website

https://www.securitybank.com

Security Bank Corp is a company that is principally engaged in banking. It operates in four segments; Financial Markets Segment focuses on providing the money market, foreign exchange, financial derivatives, securities distribution, asset management, trust, and fiduciary services, Wholesale Banking Segment addresses the corporate, institutional, and public sector markets and commercial clients. Services include relationship management, lending and other credit facilities, trade, cash management, deposit-taking, and leasing services, Retail Banking Segment addresses individual, retail, and small businesses. It covers deposit-taking and servicing, consumer loans, credit card facilities, and bancassurance, and All Other Segments include other support services.

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