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Capital Bancorp Inc  (CBNK)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial


Capital Bancorp Inc's Effective Tax Rate by quarter

Trends, Rankings, Statistics



CBNK Effective Tax Rate (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Pre-Tax Income Change -3.65 % -11.4 % -34.42 % -6.75 % -14.98 %
Seq. Pre-Tax Income Change -12.28 % 33.56 % -24.32 % 8.67 % -19.33 %
Pre-Tax Income In Millions $11.22 $12.79 $9.57 $12.65 $11.64
Effective Tax Rate 19.49 % 23.45 % 23.56 % 23.04 % 22.77 %
Effective Tax Rate Total Ranking # 561 # 1190 # 1208 # 1153 # 1275
Income taxes expenses / -benefit In Millions $2.19 $3.00 $2.26 $2.92 $2.65
Y / Y Income taxes expenses / -benefit Change -17.54 % -10.13 % -27 % -13.09 % -24.71 %
Seq. Income taxes expenses / -benefit Change -27.08 % 32.95 % -22.64 % 9.96 % -20.53 %


Commenting fourth Quarter 2023 Effective Tax Rate
Company's effective tax rate in IV. Quarter decreased compare to previous quarter to 19.49 %, below company's average Effective Tax Rate.

Looking into IV. Quarter results within Commercial Banks industry 26 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 561, from total ranking in previous quarter at 1190.

CBNK's Effective Tax Rate fourth quarter 2023 Company Ranking
Within: No.
Commercial Banks Industry # 27
Financial Sector # 144
Overall # 560

CBNK's Effective Tax Rate Statistics
High Average Low
62.61 % 26.15 % 10.99 %
(Jun 30 2016)   (Mar 31 2012)




Other Effective Tax Rate Profitability Ratios
CBNK's Cumulative Effective Tax Rate
Commercial Banks Industry Effective Tax Rate Trends and Statistics
Financial Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
CBNK's Effective Tax Rate Profitability versus Commercial Banks Industry, Financial Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for CBNK's Competitors
Effective Tax Rate Profit Margin for Capital Bancorp Inc's Suppliers
Effective Tax Rate Profit Margin for CBNK's Customers

You may also want to know
CBNK's Annual Growth Rates CBNK's Profitability Ratios CBNK's Asset Turnover Ratio CBNK's Dividend Growth
CBNK's Roe CBNK's Valuation Ratios CBNK's Financial Strength Ratios CBNK's Income taxes expenses / -benefit Growth
CBNK's Roa CBNK's Inventory Turnover Ratio CBNK's Growth Rates CBNK's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Dec 31 2023, within Commercial Banks Industry Effective Tax RateDec 31 2023 MRQ Income taxes expenses / -benefitDec 31 2023 MRQ Pre-Tax Income
Comerica Incorporated  36.54 %$ 19.000 $ 52.000 
Evans Bancorp Inc   36.07 %$ 5.741 $ 15.915 
American National Bankshares Inc   32.87 %$ 1.995 $ 6.069 
Westamerica Bancorporation  28.04 %$ 15.380 $ 54.848 
Shore Bancshares Inc   27.69 %$ 4.017 $ 14.507 
Pinnacle Financial Partners Inc   27.26 %$ 52.185 $ 191.442 
Farmers and Merchants Bancorp  26.08 %$ 7.560 $ 28.985 
Bok Financial Corp  25.97 %$ 28.953 $ 111.475 
Optimumbank Holdings Inc   25.58 %$ 0.876 $ 3.425 
Sandy Spring Bancorp Inc   24.48 %$ 8.459 $ 34.559 
Capital one financial corp  24.25 %$ 226.000 $ 932.000 
Oceanfirst Financial Corp   23.64 %$ 8.591 $ 36.343 
Synovus Financial Corp  23.00 %$ 20.779 $ 90.352 
Old National Bancorp  21.46 %$ 36.192 $ 168.672 
Meridian Corp  21.43 %$ 0.156 $ 0.728 
Northwest Bancshares inc   21.26 %$ 7.835 $ 36.849 
Hope Bancorp Inc   21.20 %$ 7.124 $ 33.605 
First Commonwealth Financial Corp  20.97 %$ 11.892 $ 56.719 
Smartfinancial Inc   20.95 %$ 1.640 $ 7.830 
First Financial Ban corp   20.53 %$ 14.659 $ 71.391 
Capital Bancorp Inc  19.49 %$ 2.186 $ 11.216 
City Holding Company  19.48 %$ 6.641 $ 34.093 
Wafd Inc   18.46 %$ 13.237 $ 71.690 
Nicolet Bankshares Inc  18.06 %$ 6.759 $ 37.420 
Jpmorgan Chase and Co  17.83 %$ 2,019.000 $ 11,326.000 
Consumers Bancorp Inc  17.76 %$ 0.435 $ 2.450 
Park National Corporation  17.62 %$ 5.241 $ 29.741 
Camden National Corp  17.51 %$ 1.800 $ 10.280 
First Bancorp Inc  17.44 %$ 1.411 $ 8.090 
National Bankshares Inc  17.36 %$ 0.879 $ 5.064 




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