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Truist Financial TFC WB — Income Tax Expense (Benefit)

Other segment segments

OT&C
-$260M-132%
CSBB
$238M+28.6%

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$9.17M-35.6%

Other financials

Income statement

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Revenue$5.2B+5.2%
Net income$1.5B+17.4%
EPS (diluted)$1.09+25.3%

Balance sheet

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Total debt$70.3B
Total equity$64.2B
Total assets$548.98B

Cash flow

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Operating cash flow$679.0M-9.0%
CapEx$141.0M+10.2%
Free cash flow$2.6B-43.8%

Valuation

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Market cap$63.13B+19.7%
P/E11.4×+0.7×
P/S3.1×-0.9×

Profitability

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Net margin26.9%-9.8pp
FCF margin52.7%+17.6pp

Returns & leverage

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Return on equity8.2%
Debt / equity1.1×

Where this comes from

Reported directly by Truist Financial in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Truist Financial’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Truist Financial's WB — income tax expense (benefit)?
Truist Financial (TFC) reported WB — income tax expense (benefit) of $231M in Q1 2026.
How has Truist Financial's WB — income tax expense (benefit) changed year-over-year?
Truist Financial's WB — income tax expense (benefit) increased by 14.9% year-over-year, from $201M to $231M.
What is the long-term trend for Truist Financial's WB — income tax expense (benefit)?
Over 3 years (2022 to 2025), Truist Financial's WB — income tax expense (benefit) has grown at a -5.2% compound annual growth rate (CAGR), from $1.23B to $1.05B.
What does WB — income tax expense (benefit) mean?
This metric represents the portion of the total corporate income tax provision allocated to the Wholesale Banking segment. It reflects the tax impact of the segment's pre-tax earnings based on applicable statutory rates and specific tax adjustments. This figure is essential for calculating the segment's net contribution to the parent company's bottom line.