FCMB Group (NSA:FCMB) Tax Rate % : 8.21% (As of Mar. 2024)

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What is FCMB Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. FCMB Group's Tax Expense for the three months ended in Mar. 2024 was ₦2,573 Mil. FCMB Group's Pre-Tax Income for the three months ended in Mar. 2024 was ₦31,344 Mil. Therefore, FCMB Group's Tax Rate % for the quarter that ended in Mar. 2024 was 8.21%.

FCMB Group Tax Rate % Historical Data

The historical data trend for FCMB 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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FCMB Group Tax Rate % Chart

FCMB Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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13.88

10.50

7.92

14.88

10.93

FCMB 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															13.24	5.10	18.73	11.01	8.21

FCMB Group Tax Rate % Calculation

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

FCMB 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 )
	=	11413.83	/	104431.449
	=	10.93 %

FCMB 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 )
	=	2573.47	/	31343.746
	=	8.21 %

FCMB Group Tax Rate % Related Terms

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FCMB Group (NSA:FCMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FCMB Group PLC (NSA:FCMB) » Definitions » Tax Rate %

Traded in Other Exchanges

N/A

Address

44 Marina, First City Plaza, Lagos, NGA

Website

https://www.fcmbgroup.com

FCMB Group PLC provides banking products and services in Nigeria. Its business is divided into eight segments including Investment Banking, SME (Small and Medium Enterprises) Banking, Commercial Banking, Corporate Banking, Personal Banking, Institutional Banking, Treasury and Financial Markets, and Asset Management. The bank generates the majority of its revenue from the personal banking segment that offers private banking services, private customer current accounts, savings, deposits, investment savings products, custody, credit and debit cards, consumer loans, and mortgages. It has geographic operations in Nigeria and Europe.

FCMB Group (NSA:FCMB) Headlines

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