WB — Income Tax Expense (Benefit)
Truist Financial WB — Income Tax Expense (Benefit) decreased by 28.0% to $231.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 14.9%, from $201.00M to $231.00M. Over 3 years (FY 2022 to FY 2025), WB — Income Tax Expense (Benefit) shows a downward trend with a -4.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase in tax expense generally reflects higher segment profitability, while a tax benefit may indicate losses or specific tax credits applied to the segment.
Detailed definition
This metric represents the portion of the total corporate income tax provision allocated to the Wholesale Banking segmen...
Peer comparison
Comparable to segment-level tax provisions reported by other large regional and national banks with diversified business lines.
tfc_segment_wb_income_tax_expense_benefitHistorical Data
| 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 | $306.75M | $306.75M | $306.75M | $306.75M | $260.00M | $203.00M | $194.00M | $69.00M | $205.00M | $237.00M | $275.00M | $276.00M | $201.00M | $236.00M | $307.00M | $321.00M | $231.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -15.2% | -21.9% | -4.4% | -64.4% | +197.1% | +15.6% | +16.0% | +0.4% | -27.2% | +17.4% | +30.1% | +4.6% | -28.0% |
| YoY Change | — | — | — | — | -15.2% | -33.8% | -36.8% | -77.5% | -21.2% | +16.7% | +41.8% | +300.0% | -2.0% | -0.4% | +11.6% | +16.3% | +14.9% |
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Frequently Asked Questions
- What is Truist Financial's wb — income tax expense (benefit)?
- Truist Financial (TFC) reported wb — income tax expense (benefit) of $231.00M 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 $201.00M to $231.00M.
- 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 -4.6% compound annual growth rate (CAGR), from $1.23B to $1.07B.
- What does wb — income tax expense (benefit) mean?
- The amount of income tax expense or benefit attributed to the Wholesale Banking business unit.