Tectonic Financial (Tectonic Financial) Tax Expense : $ Mil (TTM As of Mar. 2019)

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What is Tectonic Financial Tax Expense?

Tectonic Financial's tax expense for the six months ended in Mar. 2019 was $0.36 Mil.

Tectonic Financial Tax Expense Historical Data

The historical data trend for Tectonic Financial's Tax Expense 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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Tectonic Financial Tax Expense Chart

Tectonic Financial Annual Data

Trend

Tax Expense

Tectonic Financial Semi-Annual Data
	Mar18	Mar19
Tax Expense	0.16	0.36

Tectonic Financial Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tectonic Financial (NAS:TECTP.PFD) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.

Tectonic Financial Tax Expense Related Terms

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Tectonic Financial (Tectonic Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Tectonic Financial Inc (NAS:TECTP.PFD) » Definitions » Tax Expense

Comparable Companies

Traded in Other Exchanges

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Address

16200 Dallas Parkway, Suite 190, Dallas, TX, USA, 75248

Website

https://www.t.financial

Tectonic Financial Inc is a financial holding company that offers banking, trust, investment advisory, securities brokerage, and insurance services to high net worth individuals, small businesses, and institutions. It operates through three business segments including Banking; Other Financial Services and HoldCo. The company generates maximum revenue from the Banking segment.

Executives

George L Ball	director, officer: Executive Co-Chairman	C/O SANDERS MORRIS HARRIS INC 600 TRAVIS #3100 HOUSTON TX 77002
A Haag Sherman	director, 10 percent owner, officer: Chairman	600 TRAVIS STREET, SUITE 5900, HOUSTON TX 77002

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