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TFC (Truist Financial) Tax Rate % : 15.85% (As of Sep. 2024)


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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 Sep. 2024 was $271 Mil. Truist Financial's Pre-Tax Income for the three months ended in Sep. 2024 was $1,710 Mil. Therefore, Truist Financial's Tax Rate % for the quarter that ended in Sep. 2024 was 15.85%.

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.

* Premium members only.

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
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 15.47 -1.46 17.00 25.32 15.85

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 Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=271/1710
=15.85 %

* 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

Thank you for viewing the detailed overview of Truist Financial's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

Truist Financial Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Truist Financial Corp (NYSE:TFC) » 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.
Executives
Boyer K. David Jr. director 214 N TRYON STREET, CHARLOTTE NC 28202
Rogers William H Jr officer: President and COO 214 N TRYON STREET, CHARLOTTE NC 28202
Cynthia B Powell officer: Corp. Controller, Sr. V.P. 214 N TRYON STREET, CHARLOTTE NC 28202
Charles A Patton director 214 N TRYON STREET, CHARLOTTE NC 28202
David M Ratcliffe director 214 N TRYON STREET, CHARLOTTE NC 28202
Steven C Voorhees director 214 N TRYON STREET, CHARLOTTE NC 28202
Kelly S King officer: President- BB&T Corporation 214 N TRYON STREET, CHARLOTTE NC 28202
Denise M Demaio officer: Chief Audit Officer 214 N TRYON STREET, CHARLOTTE NC 28202
Joseph M Thompson officer: Sr. Executive Vice President 214 N TRYON STREET, CHARLOTTE NC 28202
Michael Baron Maguire officer: Sr. Executive Vice President 214 N TRYON STREET, CHARLOTTE NC 28202
Cummins Hugh S. Iii officer: Sr. Executive Vice President 214 N TRYON STREET, CHARLOTTE NC 28202
David Hudson Weaver officer: Sr. Executive Vice President 214 N TRYON STREET, CHARLOTTE NC 28202
Starnes Clarke R Iii officer: Sr. Executive Vice President 214 N TRYON STREET, CHARLOTTE NC 28202
Daryl N. Bible officer: Executive Vice President 214 N TRYON STREET, CHARLOTTE NC 28202
John M Howard officer: Chief Insurance Officer 214 N TRYON STREET, CHARLOTTE NC 28202