Total | Total | |||||||||||||||||
5 Years | 5 Years | 5 Years | ||||||||||||||||
2016 | 2016 | 2015 | 2015 | 2014 | 2014 | 2013 | 2013 | 2012 | 2012 | 2012-16 | 2012-16 | 2012-16 | ||||||
US | US | US | US | US | US | US | US | US | US | US | US | Effective | ||||||
Tax | Pretax | Tax | Pretax | Tax | Pretax | Tax | Pretax | Tax | Pretax | Tax | Pretax | US Tax | ||||||
Paid | Income | Paid | Income | Paid | Income | Paid | Income | Paid | Income | Paid | Income | Rate Paid | ||||||
mils $s | mils $s | mils $s | mils $s | mils $s | mils $s | mils $s | mils $s | mils $s | mils $s | mils $s | mils $s | |||||||
US Big 10 National Banks | ||||||||||||||||||
State Street Corp | (14) | 900 | 52 | 998 | 59 | 1,107 | 193 | 1,436 | 148 | 1,656 | 438 | 6,097 | 7.2% | |||||
PNC Financial Services Grp | 871 | 5,253 | 927 | 5,507 | 1,084 | 5,614 | 263 | 5,688 | 453 | 4,039 | 3,598 | 26,101 | 13.8% | |||||
Sun Trust Bank | 667 | 2,692 | 707 | 2,707 | 365 | 2,278 | (158) | 1,683 | 592 | 2,796 | 2,173 | 12,156 | 17.9% | |||||
M&T Bank | 429 | 2,058 | 130 | 1,675 | 379 | 1,642 | 371 | 1,718 | 309 | 1,553 | 1,618 | 8,646 | 18.7% | |||||
Fifth Third Bancorp | 598 | 2,065 | 662 | 2,365 | 424 | 2,028 | 494 | 2,598 | 327 | 2,210 | 2,505 | 11,266 | 22.2% | |||||
BB&T Corp | 959 | 3,500 | 585 | 2,917 | 706 | 3,127 | 1,007 | 3,124 | 275 | 2,792 | 3,532 | 15,460 | 22.8% | |||||
Wells Fargo | 6,712 | 32,120 | 10,822 | 33,641 | 7,321 | 33,915 | 4,601 | 32,629 | 9,141 | 28,471 | 38,597 | 160,776 | 24.0% | |||||
US Bancorp | 2,585 | 8,105 | 1,956 | 8,030 | 1,888 | 7,995 | 1,885 | 7,764 | 1,853 | 7,726 | 10,167 | 39,620 | 25.7% | |||||
Bank New York Mellon | 823 | 3,147 | 551 | 2,698 | 1,273 | 2,456 | 714 | 2,428 | 348 | 2,017 | 3,709 | 12,746 | 29.1% | |||||
Capital One Financial | 2,087 | 4,897 | 1,991 | 5,593 | 1,934 | 6,103 | 1,581 | 6,119 | 1,590 | 4,888 | 9,183 | 27,600 | 33.3% | |||||
Total all 10 | 15,717 | 64,737 | 18,383 | 66,131 | 15,433 | 66,265 | 10,951 | 65,187 | 15,036 | 58,148 | 75,520 | 320,468 | 23.6% | |||||
SW Indiana Smaller Banks | ||||||||||||||||||
Old National Bancorp | 24 | 200 | 17 | 163 | 9 | 142 | 14 | 143 | 21 | 128 | 85 | 776 | 11.0% | |||||
First Financial Corp | 16 | 58 | 10 | 41 | 9 | 48 | 10 | 45 | 12 | 47 | 57 | 239 | 23.8% | |||||
German American Bancorp | 11 | 49 | 11 | 42 | 9 | 40 | 9 | 37 | 10 | 35 | 50 | 203 | 24.6% |
Wednesday, November 22, 2017
US Big 10 National/Regional Banks, Led By Wells Fargo, Paid Total US Federal Income Tax Rate of 23.6% in the Most Recent Five Years, 11.4% Below the Statutory US Federal Income Tax Rate on Large Corporations of 35.0% ...................................................................................... The Free-Spending Trump Administration Reacts By Irrationally Trying To Force the US Senate To Lower US Federal Income Taxes on These Large Corporations By Another 43% By Reducing the Statutory US Federal Income Tax Rate From 35.0% to 20.0% ...................................................................................... State Street Corp Also Has $5.5 Bil and Wells Fargo $2.4 Bil of Foreign Earnings They Will Be Able to Repatriate Cheaply Under the Trump Tax Proposal
Based on a review of their audited annual financial statements and income tax footnotes filed
with the SEC, below is the US Federal Income Tax Paid along with the related US Pretax
Income for each of the US Big 10 National/Regional Banks and also for 3 Smaller Southwest Indiana Banks for the most recent five years: