KB Financial Group (KB Financial Group) Tax Rate % : 24.46% (As of Mar. 2024)

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What is KB Financial Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. KB Financial Group's Tax Expense for the three months ended in Mar. 2024 was $259 Mil. KB Financial Group's Pre-Tax Income for the three months ended in Mar. 2024 was $1,057 Mil. Therefore, KB Financial Group's Tax Rate % for the quarter that ended in Mar. 2024 was 24.46%.

KB Financial Group Tax Rate % Historical Data

The historical data trend for KB Financial Group'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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KB Financial Group Tax Rate % Chart

KB Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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26.93

26.45

27.91

27.86

26.04

KB Financial Group 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															26.11	23.25	29.73	19.82	24.46

KB Financial Group Tax Rate % Calculation

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

KB Financial Group'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 )
	=	1232.003	/	4730.508
	=	26.04 %

KB Financial Group'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 )
	=	258.524	/	1056.927
	=	24.46 %

KB Financial Group Tax Rate % Related Terms

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KB Financial Group (KB Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » KB Financial Group Inc (NYSE:KB) » Definitions » Tax Rate %

Traded in Other Exchanges

105560:Korea KBIA:Germany KB:Argentina

Address

26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul, KOR, 07331

Website

https://www.kbfg.com

KB Financial is the parent company of KB Kookmin Bank, Korea's largest commercial bank, with a 12.8% share of loans as of 2022. Its predecessor banks were established in the 1960s as government policy banks and privatized in the 1990s. Its credit card subsidiary KB Kookmin Card is the number-three player behind Shinhan Card and Samsung Card. KB has in recent years expanded its nonbank business by buying LIG Insurance and Hyundai Securities, making KB a top-five player in nonlife insurance and in securities, and most recently by buying Prudential Life Insurance Korea. It also has KB Capital, which provides leasing and installment finance.