Southern Effective Tax Rate from 2010 to 2024

SFST Stock  USD 42.20  0.15  0.35%   
Southern First Effective Tax Rate yearly trend continues to be comparatively stable with very little volatility. Effective Tax Rate will likely drop to 0.22 in 2024. From the period from 2010 to 2024, Southern First Effective Tax Rate quarterly data regression had r-value of (0.06) and coefficient of variation of  36.10. View All Fundamentals
 
Effective Tax Rate  
First Reported
2010-12-31
Previous Quarter
0.22958627
Current Value
0.22
Quarterly Volatility
0.09642678
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Southern First financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Southern First's main balance sheet or income statement drivers, such as Depreciation And Amortization of 5.1 M, Interest Expense of 104.9 M or Selling General Administrative of 2.8 M, as well as many indicators such as Price To Sales Ratio of 3.29, Dividend Yield of 0.0125 or PTB Ratio of 1.43. Southern financial statements analysis is a perfect complement when working with Southern First Valuation or Volatility modules.
  
Check out the analysis of Southern First Correlation against competitors.

Latest Southern First's Effective Tax Rate Growth Pattern

Below is the plot of the Effective Tax Rate of Southern First Bancshares over the last few years. Effective Tax Rate is the average rate at which Southern First Bancshares pre-tax profits are taxed by the government. The effective tax rate is computed by dividing Southern First total tax expenses by Southern First earnings before taxes. It is Southern First's Effective Tax Rate historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Southern First's overall financial position and show how it may be relating to other accounts over time.
Effective Tax Rate10 Years Trend
Very volatile
   Effective Tax Rate   
       Timeline  

Southern Effective Tax Rate Regression Statistics

Arithmetic Mean0.27
Geometric Mean0.23
Coefficient Of Variation36.10
Mean Deviation0.07
Median0.24
Standard Deviation0.1
Sample Variance0.01
Range0.4298
R-Value(0.06)
Mean Square Error0.01
R-Squared0
Significance0.83
Slope(0)
Total Sum of Squares0.13

Southern Effective Tax Rate History

2022 0.24
2020 0.23
2019 0.21
2018 0.22
2017 0.45
2016 0.36
2015 0.35

About Southern First Financial Statements

Southern First shareholders use historical fundamental indicators, such as Effective Tax Rate, to determine how well the company is positioned to perform in the future. Although Southern First investors may analyze each financial statement separately, they are all interrelated. The changes in Southern First's assets and liabilities, for example, are also reflected in the revenues and expenses on on Southern First's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Effective Tax Rate 0.23  0.22 

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Additional Tools for Southern Stock Analysis

When running Southern First's price analysis, check to measure Southern First's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Southern First is operating at the current time. Most of Southern First's value examination focuses on studying past and present price action to predict the probability of Southern First's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southern First's price. Additionally, you may evaluate how the addition of Southern First to your portfolios can decrease your overall portfolio volatility.