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Redwood Capital Bancorp (Redwood Capital Bancorp) Tax Rate % : 27.72% (As of Dec. 2023)


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What is Redwood Capital Bancorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Redwood Capital Bancorp's Tax Expense for the six months ended in Dec. 2023 was $2.70 Mil. Redwood Capital Bancorp's Pre-Tax Income for the six months ended in Dec. 2023 was $9.75 Mil. Therefore, Redwood Capital Bancorp's Tax Rate % for the quarter that ended in Dec. 2023 was 27.72%.

Redwood Capital Bancorp Tax Rate % Historical Data

The historical data trend for Redwood Capital Bancorp'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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Redwood Capital Bancorp Tax Rate % Chart

Redwood Capital Bancorp Annual Data
Trend Dec04 Dec05 Dec06 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial 0.13 29.32 27.38 27.94 27.72

Redwood Capital Bancorp Semi-Annual Data
Dec04 Dec05 Dec06 Dec20 Dec21 Dec22 Dec23
Tax Rate % Get a 7-Day Free Trial 0.13 29.32 27.38 27.94 27.72

Redwood Capital Bancorp Tax Rate % Calculation

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

Redwood Capital Bancorp'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 )
=2.702/9.746
=27.72 %

Redwood Capital Bancorp'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 )
=2.702/9.746
=27.72 %

* 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.

Redwood Capital Bancorp Tax Rate % Related Terms

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Redwood Capital Bancorp (Redwood Capital Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Redwood Capital Bancorp (OTCPK:RWCB) » Definitions » Tax Rate %
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HFBL TBBC MBOF FTFI PBKC TCBS BCTF MVLY CIZN NIDB NSE:HDFCBANK SHSE:600036 SAU:1120 NSE:ICICIBANK XPAR:BNP ISX:BBCA NSE:SBIN USB MIC:SBER SGX:D05
Traded in Other Exchanges
N/A
Address
402 G Street, Eureka, CA, USA, 95501
Website
https://www.redwoodcapitalbank.com
Redwood Capital Bancorp provides various banking products and services. The company offers personal such as savings and certificates, real estate loans, and home equity loans; business services such as commercial lending, and money market accounts; online banking info, fraud prevention and other services.