What are tax rates for US banks?

In the United States, the federal corporate tax rate for banks and other corporations is 21%, following the Tax Cuts and Jobs Act of 2017. However, state taxes can also apply, varying by state and potentially adding an additional 4% to 12% to the effective tax rate. Additionally, banks face specific regulations and potential taxes related to their capital requirements and financial activities. Overall, the combined federal and state tax rates can result in an effective tax rate that varies significantly among banks.