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 Mil. Truist Financial's Pre-Tax Income for the three months ended in Dec. 2023 was $-5,154 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 %

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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															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 %

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: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, the primary one being its insurance brokerage business.

Executives

Rogers William H Jr	officer: President and COO	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
Boyer K. David Jr.	director	214 N TRYON STREET, CHARLOTTE NC 28202
John M Howard	officer: Chief Insurance Officer	214 N TRYON STREET, CHARLOTTE NC 28202
Brantley J Standridge	officer: Sr. Exec. Vice President	214 N TRYON STREET, CHARLOTTE NC 28202