Customers Bancorp (CUBI) Tax Rate (2016 - 2024)
Customers Bancorp (CUBI) has disclosed Tax Rate for 11 consecutive years, with 24.95% as the latest value for Q4 2024.
- Quarterly Tax Rate fell 104.0% to 24.95% in Q4 2024 from the year-ago period, while the trailing twelve-month figure was 19.12% through Dec 2024, down 525.0% year-over-year, with the annual reading at 22.31% for FY2025, 319.0% up from the prior year.
- Tax Rate for Q4 2024 was 24.95% at Customers Bancorp, up from 1.58% in the prior quarter.
- The five-year high for Tax Rate was 30.39% in Q2 2023, with the low at 1.58% in Q3 2024.
- Average Tax Rate over 5 years is 21.79%, with a median of 23.87% recorded in 2021.
- The sharpest move saw Tax Rate surged 863bps in 2022, then crashed -2287bps in 2024.
- Over 5 years, Tax Rate stood at 28.59% in 2020, then tumbled by -61bps to 11.27% in 2021, then skyrocketed by 77bps to 19.91% in 2022, then surged by 31bps to 25.98% in 2023, then decreased by -4bps to 24.95% in 2024.
- According to Business Quant data, Tax Rate over the past three periods came in at 24.95%, 1.58%, and 24.68% for Q4 2024, Q3 2024, and Q2 2024 respectively.