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Truist Financial (Truist Financial) Tax Rate % : 1.24% (As of Dec. 2023)


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What is Truist Financial Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Truist Financial's Tax Expense for the three months ended in Dec. 2023 was $-64.00 Mil. Truist Financial's Pre-Tax Income for the three months ended in Dec. 2023 was $-5,154.00 Mil. Therefore, Truist Financial's Tax Rate % for the quarter that ended in Dec. 2023 was 1.24%.

Truist Financial Tax Rate % Historical Data

The historical data trend for Truist Financial's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Truist Financial Tax Rate % Chart

Truist Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.46 17.92 19.47 18.28 -465.95

Truist Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.64 17.59 17.16 1.24 17.00

Truist Financial Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Truist Financial's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=862/-185
=-465.95 %

Truist Financial's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2023 )/Pre-Tax Income (Q: Dec. 2023 )
=-64/-5154
=1.24 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Truist Financial Tax Rate % Related Terms

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Truist Financial (Truist Financial) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Truist Financial Corp (NYSE:TFCpG.PFD) » Definitions » Tax Rate %
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Address
214 North Tryon Street, Charlotte, NC, USA, 28202
Website
https://www.truist.com
Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments, the primary one being its insurance brokerage business.