OT&C — Income Tax Expense (Benefit)
Truist Financial OT&C — Income Tax Expense (Benefit) increased by 22.4% to -$260.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 132.1%, from -$112.00M to -$260.00M. Over 4 years (FY 2021 to FY 2025), OT&C — Income Tax Expense (Benefit) shows relatively stable performance with a 1.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase in tax expense reduces the segment's net contribution, while a tax benefit increases it. Changes often reflect shifts in corporate-level tax planning, deferred tax adjustments, or changes in the effective tax rate applied to non-operating items.
Detailed definition
This metric represents the income tax expense or benefit allocated to the Other, Treasury & Corporate segment. It reflec...
Peer comparison
Most large regional banks report similar corporate-level tax allocations, though methodologies for distributing tax expense across segments vary significantly based on internal transfer pricing policies.
tfc_segment_ot_c_income_tax_expense_benefitHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$242.00M | -$174.00M | -$177.00M | -$266.00M | -$189.00M | -$292.00M | -$413.00M | -$241.00M | -$218.00M | -$239.00M | -$452.00M | -$253.00M | -$1.84B | -$275.00M | -$276.00M | -$112.00M | -$156.00M | -$237.00M | -$335.00M | -$260.00M |
| QoQ Change | — | +28.1% | -1.7% | -50.3% | +28.9% | -54.5% | -41.4% | +41.6% | +9.5% | -9.6% | -89.1% | +44.0% | -628.9% | +85.1% | -0.4% | +59.4% | -39.3% | -51.9% | -41.4% | +22.4% |
| YoY Change | — | — | — | — | +21.9% | -67.8% | -133.3% | +9.4% | -15.3% | +18.2% | -9.4% | -5.0% | -745.9% | -15.1% | +38.9% | +55.7% | +91.5% | +13.8% | -21.4% | -132.1% |
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Frequently Asked Questions
- What is Truist Financial's ot&c — income tax expense (benefit)?
- Truist Financial (TFC) reported ot&c — income tax expense (benefit) of -$260.00M in Q1 2026.
- How has Truist Financial's ot&c — income tax expense (benefit) changed year-over-year?
- Truist Financial's ot&c — income tax expense (benefit) decreased by 132.1% year-over-year, from -$112.00M to -$260.00M.
- What is the long-term trend for Truist Financial's ot&c — income tax expense (benefit)?
- Over 4 years (2021 to 2025), Truist Financial's ot&c — income tax expense (benefit) has grown at a 1.9% compound annual growth rate (CAGR), from -$778.00M to -$840.00M.
- What does ot&c — income tax expense (benefit) mean?
- The portion of the company's total income tax expense or benefit that is assigned to the corporate and treasury business segment.