Truist Financial (TFC) Tax Provisions (2009 - 2026)
Truist Financial (TFC) recorded Tax Provisions of $262 million in Q2 2026, down 4.0% from $273 million a year earlier but up 25.4% from the prior quarter.
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Analysis
Truist Financial (TFC) Tax Provisions (2009 - 2026) Analysis & Trends
On a TTM basis, Truist Financial's Tax Provisions came in at $966 million as of Jun 30, 2026, down 10.8% year-over-year; for FY2025, it came in at $1.04 billion.
- Annual Tax Provisions has a five-year compound annual growth rate of 1.2% (FY2020 to FY2025).
- Across earlier years, Tax Provisions came in at -$556 million in FY2024, $738 million in FY2023 (-41.0%), $1.25 billion in FY2022 (-19.7%) and $1.56 billion in FY2021 (+58.6%).
- Quarterly Tax Provisions has ranged from -$1.32 billion in Q2 2024 to $423 million in Q3 2021 over the past five years.
- On a year-over-year basis, Tax Provisions has declined for three consecutive quarters, with growth averaging 1.4% over the last six quarters.
- Peak year-over-year performance for Tax Provisions in the last five years was growth of 65.9% in Q3 2021, against a decline of 49.6% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $209 million (Q1 2026), $210 million (Q4 2025) and $285 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 890.60 Bn | 920.07 Bn | - | 6.36 Bn |
| 2 | Banco Santander Chile | 421.74 Bn | 541.68 Bn | - | -51.13 Bn |
| 3 | Bank Of America | 385.85 Bn | -1,990.22 Bn | - | 2.49 Bn |
| 4 | Hsbc Holdings | 345.94 Bn | 345.99 Bn | - | - |
| 5 | Morgan Stanley | 303.15 Bn | -205.95 Bn | - | 1.70 Bn |
| 6 | Royal Bank Of Canada | 279.82 Bn | 130.57 Bn | - | 1.24 Bn |
| 7 | Mitsubishi Ufj Financial | 274.62 Bn | -1,313.87 Bn | 10.89 Bn | 1.17 Bn |
| 8 | Goldman Sachs | 267.07 Bn | -3,290.04 Bn | - | 1.94 Bn |
| 9 | Wells Fargo & Company | 243.79 Bn | 245.93 Bn | - | 1.40 Bn |
| 10 | Truist Financial | 56.73 Bn | 56.73 Bn | - | 262.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 262.00 Mn |
| Mar 31, 2026 | 209.00 Mn |
| Dec 31, 2025 | 210.00 Mn |
| Sep 30, 2025 | 285.00 Mn |
| Jun 30, 2025 | 273.00 Mn |
| Mar 31, 2025 | 274.00 Mn |
| Dec 31, 2024 | 265.00 Mn |
| Sep 30, 2024 | 271.00 Mn |
| Jun 30, 2024 | -1.32 Bn |
| Mar 31, 2024 | 232.00 Mn |
| Dec 31, 2023 | -56.00 Mn |
| Sep 30, 2023 | 203.00 Mn |
| Jun 30, 2023 | 230.00 Mn |
| Mar 31, 2023 | 361.00 Mn |
| Dec 31, 2022 | 185.00 Mn |
| Sep 30, 2022 | 363.00 Mn |
| Jun 30, 2022 | 372.00 Mn |
| Mar 31, 2022 | 330.00 Mn |
| Dec 31, 2021 | 367.00 Mn |
| Sep 30, 2021 | 423.00 Mn |
API Access
Truist Financial Tax Provisions API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-provisions&ticker=TFC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "ticker": "TFC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-provisions&ticker=TFC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();