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:















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%