First Bank (First Bank) Tax Rate % : 17.52% (As of Mar. 2024)

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What is First Bank Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. First Bank's Tax Expense for the three months ended in Mar. 2024 was $2.7 Mil. First Bank's Pre-Tax Income for the three months ended in Mar. 2024 was $15.2 Mil. Therefore, First Bank's Tax Rate % for the quarter that ended in Mar. 2024 was 17.52%.

First Bank Tax Rate % Historical Data

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

First Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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29.29

25.14

24.17

24.23

23.05

First 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															23.74	24.33	5.78	19.09	17.52

First Bank Tax Rate % Calculation

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

First 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 )
	=	6.261	/	27.158
	=	23.05 %

First 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 )
	=	2.658	/	15.17
	=	17.52 %

First Bank Tax Rate % Related Terms

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First Bank (First Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Bank (NAS:FRBA) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2465 Kuser Road, Hamilton, NJ, USA, 08690

Website

https://www.firstbanknj.com

First Bank is a full-service commercial bank, with an emphasis on providing personal and business financial services to individuals and small to mid-sized businesses in Gloucester, Atlantic and Camden Counties in New Jersey. The Bank provides its customers with a variety of financial services targeting all segments of the retail and corporate market. Its Business Banking offers commercial deposit accounts, business loans, online banking, cash management.

Executives

Terrance M Mccarthy

director, officer: Senior EVP/COO

550 MONTGOMERY ST, SAN FRANCISCO CA 94111