Morris State Bancshares (Morris State Bancshares) Tax Rate % : 3.01% (As of Mar. 2024)

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What is Morris State Bancshares Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Morris State Bancshares's Tax Expense for the three months ended in Mar. 2024 was $0.15 Mil. Morris State Bancshares's Pre-Tax Income for the three months ended in Mar. 2024 was $5.04 Mil. Therefore, Morris State Bancshares's Tax Rate % for the quarter that ended in Mar. 2024 was 3.01%.

Morris State Bancshares Tax Rate % Historical Data

The historical data trend for Morris State Bancshares'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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Morris State Bancshares Tax Rate % Chart

Morris State Bancshares Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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13.41

18.13

8.63

4.57

10.00

Morris State Bancshares 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															19.45	21.67	5.15	-7.55	3.01

Morris State Bancshares Tax Rate % Calculation

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

Morris State Bancshares'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 )
	=	2.149	/	21.481
	=	10.00 %

Morris State Bancshares'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 )
	=	0.152	/	5.043
	=	3.01 %

Morris State Bancshares Tax Rate % Related Terms

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Morris State Bancshares (Morris State Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Morris State Bancshares Inc (OTCPK:MBLU) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1300 Bellevue Avenue, Dublin, GA, USA, 31021

Website

https://www.morris.bank

Morris State Bancshares Inc operates as a bank. It provides a variety of financial services to individuals and small businesses through its offices in middle Georgia. The Bank offers a full range of commercial and personal loan products. It makes loans to individuals for purposes such as home mortgage financing, personal vehicles and various consumer purchases, and other personal and family needs. Commercial loans are offered to businesses for purposes such as providing equipment and machinery purchases, commercial real estate purchases, and working capital. The Bank also provides a full range of deposit services that are typically available from financial institutions, including NOW accounts, demand, savings, and other time deposits.

Morris State Bancshares (Morris State Bancshares) Headlines

From GuruFocus

Morris State Bancshares Announces Quarterly Earnings and�Declares Third Quarter Dividend

By Marketwired • 07-25-2023