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Truist Financial (TFC) Financials

Truist Financial logo
$43.08 +0.23 (+0.54%)
Closing price 08/8/2025 03:59 PM Eastern
Extended Trading
$43.14 +0.06 (+0.14%)
As of 08/8/2025 07:19 PM Eastern
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Annual Income Statements for Truist Financial

Annual Income Statements for Truist Financial

This table shows Truist Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
1,983 1,936 2,259 2,220 3,063 3,028 4,184 6,033 5,927 -1,452 4,469
Consolidated Net Income / (Loss)
2,206 2,123 2,442 2,415 3,257 3,237 4,492 6,437 6,267 -1,047 4,840
Net Income / (Loss) Continuing Operations
2,206 2,123 2,442 2,415 3,257 3,237 4,492 6,437 5,779 -1,503 -45
Total Pre-Tax Income
3,127 2,917 3,500 3,326 4,060 4,019 5,473 7,993 7,029 -765 -601
Total Revenue
9,230 9,611 10,793 11,317 6,682 12,568 22,705 22,296 19,973 20,022 13,278
Net Interest Income / (Expense)
5,374 5,592 6,321 6,535 6,682 7,313 13,826 13,006 14,313 14,524 14,091
Total Interest Income
6,142 6,327 7,066 7,374 8,120 9,409 15,548 13,774 16,634 24,452 25,066
Loans and Leases Interest Income
5,163 5,347 5,985 6,230 6,894 7,982 13,485 11,481 13,252 19,518 19,230
Investment Securities Interest Income
939 941 1,029 1,092 1,160 1,319 1,739 2,090 2,763 3,066 3,506
Other Interest Income
40 39 52 52 66 108 324 203 619 1,868 2,330
Total Interest Expense
768 735 745 839 1,438 2,096 1,722 768 2,321 9,928 10,975
Deposits Interest Expense
239 233 251 344 644 1,101 785 148 1,145 6,427 7,849
Short-Term Borrowings Interest Expense
4.00 4.00 9.00 41 111 198 137 47 385 1,286 1,313
Long-Term Debt Interest Expense
525 498 485 454 683 797 800 573 791 2,215 1,813
Total Non-Interest Income
3,856 4,019 4,472 4,782 0.00 5,255 8,879 9,290 5,660 5,498 -813
Provision for Credit Losses
251 428 572 547 566 615 2,335 -813 777 2,109 1,870
Total Non-Interest Expense
5,852 6,266 6,721 7,444 2,056 7,934 14,897 15,116 12,167 18,678 12,009
Salaries and Employee Benefits
3,180 3,469 4,029 4,226 4,313 4,833 8,146 8,632 6,558 6,516 6,506
Net Occupancy & Equipment Expense
971 1,035 972 784 758 787 1,388 1,277 1,139 1,039 1,029
Marketing Expense
- - - 94 102 137 273 294 321 260 268
Property & Liability Insurance Claims
- 101 145 153 134 81 125 137 183 824 344
Other Operating Expenses
1,442 1,219 1,255 1,418 -3,648 1,436 3,162 3,190 2,861 3,071 3,253
Depreciation Expense
- - - 120 120 136 258 190 184 175 144
Amortization Expense
91 105 150 142 131 164 685 574 455 395 345
Impairment Charge
- - - - - - - 0.00 0.00 6,078 0.00
Restructuring Charge
46 165 171 115 146 360 860 822 466 320 120
Income Tax Expense
921 794 1,058 911 803 782 981 1,556 1,250 738 -556
Net Income / (Loss) Discontinued Operations
- - - - - - - - 488 456 4,885
Preferred Stock Dividends Declared
148 148 167 174 174 196 298 407 333 361 349
Net Income / (Loss) Attributable to Noncontrolling Interest
75 39 16 21 20 13 10 -3.00 7.00 44 22
Basic Earnings per Share
$2.76 $2.59 $2.81 $2.78 $3.96 $3.76 $3.11 $4.51 $4.46 ($1.09) $3.36
Weighted Average Basic Shares Outstanding
718.14M 748.01M 804.68M 799.22M 772.96M 805.10M 1.35B 1.34B 1.33B 1.33B 1.33B
Diluted Earnings per Share
$2.72 $2.56 $2.77 $2.74 $3.91 $3.71 $3.08 $4.47 $4.43 ($1.09) $3.36
Weighted Average Diluted Shares Outstanding
728.37M 757.77M 814.92M 810.98M 783.48M 815.20M 1.36B 1.35B 1.34B 1.33B 1.33B
Weighted Average Basic & Diluted Shares Outstanding
718.50M 747.50M 803.90M 798.60M 763.60M 1.34B 1.35B 1.33B 1.33B 1.33B 1.31B
Cash Dividends to Common per Share
$0.95 $1.05 $1.15 $1.26 $1.56 $1.71 $1.80 $1.86 $2.00 $2.08 $2.08

Quarterly Income Statements for Truist Financial

This table shows Truist Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders
1,610 1,410 1,234 1,071 -5,167 1,091 826 1,336 1,216 1,157 1,180
Consolidated Net Income / (Loss)
1,682 1,515 1,345 1,183 -5,090 1,200 922 1,442 1,276 1,261 1,240
Net Income / (Loss) Continuing Operations
1,194 1,410 1,169 1,109 -5,191 1,133 -3,906 1,439 1,289 1,261 1,240
Total Pre-Tax Income
1,379 1,771 1,399 1,312 -5,247 1,365 -5,230 1,710 1,554 1,535 1,513
Total Revenue
3,146 5,288 4,983 4,869 4,882 4,818 -1,685 5,085 5,060 4,899 4,987
Net Interest Income / (Expense)
3,978 3,867 3,603 3,535 3,519 3,372 3,527 3,602 3,590 3,507 3,587
Total Interest Income
5,235 5,784 6,175 6,227 6,266 6,184 6,351 6,352 6,179 5,988 6,154
Loans and Leases Interest Income
4,220 4,656 4,915 4,976 4,971 4,865 4,879 4,852 4,634 4,493 4,657
Investment Securities Interest Income
739 752 749 763 802 805 838 869 994 975 961
Other Interest Income
276 376 511 488 493 514 634 631 551 520 536
Total Interest Expense
1,257 1,917 2,572 2,692 2,747 2,812 2,824 2,750 2,589 2,481 2,567
Deposits Interest Expense
683 1,125 1,527 1,858 1,917 1,964 2,016 2,014 1,855 1,736 1,844
Short-Term Borrowings Interest Expense
242 278 311 343 354 366 362 282 303 336 292
Long-Term Debt Interest Expense
332 514 734 491 476 482 446 454 431 409 431
Total Non-Interest Income
-832 1,421 1,380 1,334 1,363 1,446 -5,212 1,483 1,470 1,392 1,400
Provision for Credit Losses
467 502 538 497 572 500 451 448 471 458 488
Total Non-Interest Expense
1,300 3,015 3,046 3,060 9,557 2,953 3,094 2,927 3,035 2,906 2,986
Salaries and Employee Benefits
289 1,668 1,705 1,669 1,474 1,630 1,661 1,628 1,587 1,587 1,653
Net Occupancy & Equipment Expense
220 271 253 253 262 248 249 241 291 245 268
Marketing Expense
39 68 69 70 53 56 63 75 74 75 82
Property & Liability Insurance Claims
52 75 73 77 599 152 85 51 56 69 55
Other Operating Expenses
554 731 755 789 796 688 880 789 896 782 794
Depreciation Expense
44 46 44 43 42 40 34 34 36 35 33
Amortization Expense
35 100 99 98 98 88 89 84 84 75 73
Impairment Charge
- - - - - 0.00 0.00 - - 0.00 0.00
Restructuring Charge
67 56 48 61 155 51 33 25 11 38 28
Income Tax Expense
185 361 230 203 -56 232 -1,324 271 265 274 273
Net Income / (Loss) Discontinued Operations
- 105 176 74 101 67 4,828 3.00 -13 0.00 0.00
Preferred Stock Dividends Declared
71 103 75 106 77 106 77 106 60 104 60
Net Income / (Loss) Attributable to Noncontrolling Interest
1.00 2.00 36 6.00 - 3.00 19 0.00 - 0.00 0.00
Basic Earnings per Share
$1.21 $1.06 $0.93 $0.80 ($3.88) $0.82 $0.62 $1.00 $0.92 $0.88 $0.91
Weighted Average Basic Shares Outstanding
1.33B 1.33B 1.33B 1.33B 1.33B 1.34B 1.34B 1.33B 1.33B 1.31B 1.29B
Diluted Earnings per Share
$1.20 $1.05 $0.92 $0.80 ($3.86) $0.81 $0.62 $0.99 $0.94 $0.87 $0.90
Weighted Average Diluted Shares Outstanding
1.34B 1.34B 1.34B 1.34B 1.33B 1.35B 1.34B 1.35B 1.33B 1.32B 1.31B
Weighted Average Basic & Diluted Shares Outstanding
1.33B 1.33B 1.33B 1.33B 1.33B 1.34B 1.34B 1.33B 1.31B 1.31B 1.29B
Cash Dividends to Common per Share
- $0.52 $0.52 $0.52 - $0.52 $0.52 $0.52 - $0.52 $0.52

Annual Cash Flow Statements for Truist Financial

This table details how cash moves in and out of Truist Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
160 1,386 257 -1,324 888 15,221 -197 1,427 1,126 9,223 9,124
Net Cash From Operating Activities
3,210 3,131 3,115 4,635 4,349 1,520 7,437 7,892 11,081 8,631 2,164
Net Cash From Continuing Operating Activities
3,210 3,131 3,115 4,635 4,349 1,520 7,437 7,892 11,081 8,631 2,164
Net Income / (Loss) Continuing Operations
2,206 2,123 2,442 2,415 3,257 3,237 4,492 6,437 6,267 -1,047 4,840
Consolidated Net Income / (Loss)
2,206 2,123 2,442 2,415 3,257 3,237 4,492 6,437 6,267 -1,047 4,840
Provision For Loan Losses
251 428 572 547 - 615 2,335 -813 777 2,109 1,870
Depreciation Expense
333 356 405 408 424 466 923 810 783 688 613
Amortization Expense
91 105 150 142 131 164 685 574 583 527 366
Non-Cash Adjustments to Reconcile Net Income
188 409 -224 405 652 313 -294 23 -2,260 5,199 1,601
Changes in Operating Assets and Liabilities, net
141 -290 -230 718 -115 -3,275 -704 861 4,931 1,155 -7,126
Net Cash From Investing Activities
-4,015 -1,849 -976 -5,410 -4,963 8,348 -43,652 -32,056 -29,972 22,858 18,598
Net Cash From Continuing Investing Activities
-4,015 -1,849 -976 -5,410 -4,963 8,348 -43,652 -32,056 -29,972 22,858 18,598
Acquisitions
- - - - - - - - - -17 12,174
Purchase of Investment Securities
-11,105 -18,451 -18,143 -17,724 -11,035 -41,932 -70,112 -60,988 -45,817 -4,476 -46,058
Sale and/or Maturity of Investments
7,090 15,547 17,893 12,314 6,499 44,248 29,714 30,570 20,518 27,351 52,482
Net Cash From Financing Activities
965 104 -1,882 -549 1,502 5,353 36,018 25,591 20,017 -22,266 -11,638
Net Cash From Continuing Financing Activities
965 104 -1,882 -549 1,502 5,353 36,018 25,591 20,017 -22,266 -10,888
Net Change in Deposits
337 2,506 4,507 -2,842 3,838 2,917 48,599 35,423 -2,986 -17,630 -6,883
Issuance of Debt
5,510 1,290 297 12,415 3,009 13,377 14,520 3,928 33,837 50,943 22,799
Repayment of Debt
-4,333 -2,433 -5,849 -7,453 -2,636 -9,265 -28,278 -7,959 -7,297 -53,621 -22,438
Repurchase of Common Equity
- 0.00 -520 -1,613 -1,205 0.00 0.00 -1,616 -250 0.00 -1,000
Payment of Dividends
-814 -937 -1,092 -1,179 -1,378 -1,459 -2,725 -2,852 -2,989 -3,131 -3,135
Other Financing Activities, Net
265 -390 325 123 -126 -175 953 82 -298 1,173 -231
Cash Interest Paid
765 734 775 819 1,408 1,921 1,834 859 2,007 9,138 11,340
Cash Income Taxes Paid
322 655 844 429 99 443 126 792 479 780 830

Quarterly Cash Flow Statements for Truist Financial

This table details how cash moves in and out of Truist Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents
-804 15,175 -6,586 -178 812 4,341 5,894 -1,239 128 2,403 -720
Net Cash From Operating Activities
3,534 118 3,730 2,407 2,376 -990 845 1,534 775 746 914
Net Cash From Continuing Operating Activities
3,534 118 3,730 2,407 2,376 -990 845 1,534 775 746 914
Net Income / (Loss) Continuing Operations
1,682 1,515 1,345 1,183 -5,090 1,200 922 1,442 1,276 1,261 1,240
Consolidated Net Income / (Loss)
1,682 1,515 1,345 1,183 -5,090 1,200 922 1,442 1,276 1,261 1,240
Provision For Loan Losses
467 502 538 497 572 500 451 448 471 458 488
Depreciation Expense
202 180 170 172 166 164 151 145 153 145 139
Amortization Expense
163 136 131 130 130 109 89 84 84 75 73
Non-Cash Adjustments to Reconcile Net Income
-599 148 -618 407 5,262 52 1,978 223 -709 190 -7.00
Changes in Operating Assets and Liabilities, net
1,619 -2,363 2,164 18 1,336 -3,015 -2,746 -808 -500 -1,383 -1,019
Net Cash From Investing Activities
-10,763 -2,050 11,567 8,348 4,993 5,903 24,149 -3,494 -7,960 -1,631 -7,705
Net Cash From Continuing Investing Activities
-10,763 -2,050 11,567 8,348 4,993 5,903 24,149 -3,494 -7,960 -1,631 -7,705
Purchase of Investment Securities
-9,637 -1,975 4,951 4,095 -11,547 669 -21,214 -7,165 -18,564 -4,643 -15,764
Sale and/or Maturity of Investments
2,222 -75 6,616 4,268 16,542 5,234 33,303 3,567 10,594 3,012 8,059
Net Cash From Financing Activities
6,425 17,107 -21,883 -10,933 -6,557 -572 -19,100 721 7,313 3,288 6,071
Net Cash From Continuing Financing Activities
6,425 17,107 -21,883 -10,933 -6,557 -572 -19,100 721 8,063 3,288 6,071
Net Change in Deposits
-2,496 -8,498 1,046 -6,019 -4,159 -1,599 -10,397 2,367 2,746 13,212 2,386
Issuance of Debt
9,981 35,029 6,858 6,285 2,771 9,623 74 2,198 12,397 552 15,534
Repayment of Debt
-306 -8,220 -30,932 -10,410 -4,059 -7,750 -8,000 -2,491 -5,690 -9,131 -10,355
Repurchase of Common Equity
- 0.00 - - - 0.00 - -500 -500 -500 -750
Payment of Dividends
-760 -794 -768 -799 -770 -800 -773 -801 -761 -783 -730
Other Financing Activities, Net
6.00 -410 1,913 10 -340 -46 -4.00 -52 -129 -62 -14
Cash Interest Paid
1,025 1,667 2,374 2,389 2,708 2,826 2,965 2,873 2,676 2,378 2,589
Cash Income Taxes Paid
57 23 537 225 -5.00 30 349 383 68 38 132

Annual Balance Sheets for Truist Financial

This table presents Truist Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets
186,834 209,947 219,276 221,642 225,697 473,078 509,228 541,241 555,255 535,349 531,176
Cash and Due from Banks
1,639 2,123 2,041 2,370 2,753 4,084 5,029 5,085 5,379 5,000 5,793
Federal Funds Sold
157 153 - - 143 - 1,745 - 3,181 2,378 2,550
Interest Bearing Deposits at Other Banks
529 1,435 1,895 343 1,091 14,981 13,839 15,210 16,042 25,230 33,975
Trading Account Securities
41,147 43,827 43,606 48,673 45,981 90,250 124,660 167,880 134,419 125,805 123,204
Loans and Leases, Net of Allowance
118,410 134,491 141,833 142,211 147,455 298,293 293,899 285,078 321,614 312,061 301,526
Loans and Leases
119,884 135,951 143,322 143,701 149,013 299,842 299,734 289,513 325,991 312,061 306,383
Allowance for Loan and Lease Losses
1,474 1,460 1,489 1,490 1,558 1,549 5,835 4,435 4,377 - 4,857
Loans Held for Sale
1,423 1,035 1,716 - 988 - 6,059 - 1,444 1,280 1,388
Premises and Equipment, Net
1,827 2,007 2,107 2,055 2,118 3,712 3,870 3,700 3,605 3,298 3,225
Goodwill
6,869 8,548 9,638 9,618 9,818 24,154 24,447 26,098 27,013 17,156 17,125
Intangible Assets
505 686 854 711 758 3,142 2,984 3,408 3,672 1,909 1,550
Other Assets
13,954 15,186 15,098 15,291 14,592 34,462 32,696 34,782 38,886 46,030 40,840
Total Liabilities & Shareholders' Equity
186,834 209,947 219,276 221,642 225,697 473,078 509,228 541,241 555,255 535,349 531,176
Total Liabilities
162,457 182,607 189,350 191,947 195,519 406,520 438,316 471,970 494,718 476,096 467,497
Non-Interest Bearing Deposits
38,786 45,695 50,697 157,371 53,025 92,405 127,629 145,892 135,742 111,624 107,451
Interest Bearing Deposits
90,254 103,429 109,537 - 108,174 242,322 253,448 270,596 277,753 284,241 283,073
Short-Term Debt
3,717 3,593 1,406 4,938 5,178 18,218 6,092 5,292 23,422 24,828 29,205
Long-Term Debt
23,312 23,769 21,965 23,648 23,709 41,339 39,597 35,913 43,203 38,918 34,956
Other Long-Term Liabilities
6,388 6,121 5,745 5,990 5,433 12,236 11,550 14,277 14,598 16,485 12,812
Total Equity & Noncontrolling Interests
24,377 27,340 29,926 29,695 30,178 66,558 70,912 69,271 60,537 59,253 63,679
Total Preferred & Common Equity
24,289 27,306 29,881 29,648 30,122 66,384 70,807 69,271 60,514 59,101 63,679
Preferred Stock
- - - 3,053 - 5,102 - 6,673 - - 5,907
Total Common Equity
24,289 27,306 29,881 26,595 30,122 61,282 70,807 62,598 60,514 59,101 57,772
Common Stock
10,120 12,267 13,151 11,803 10,666 42,320 42,588 41,204 41,178 42,846 42,208
Retained Earnings
12,317 13,464 14,809 16,259 18,118 19,806 19,455 22,998 26,264 22,088 23,777
Accumulated Other Comprehensive Income / (Loss)
-751 -1,028 -1,132 -1,467 -1,715 -844 716 -1,604 -13,601 -12,506 -8,213
Noncontrolling Interest
88 34 45 47 56 174 105 0.00 23 152 0.00

Quarterly Balance Sheets for Truist Financial

This table presents Truist Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Total Assets
555,255 574,354 554,549 542,707 535,349 534,959 519,853 523,434 531,176 535,899 543,833
Cash and Due from Banks
5,379 4,629 4,782 5,156 5,000 5,040 5,204 5,229 5,793 5,996 5,157
Federal Funds Sold
3,181 3,637 2,315 2,018 2,378 2,091 2,338 2,973 2,550 2,810 2,656
Interest Bearing Deposits at Other Banks
16,042 32,967 25,228 24,676 25,230 29,510 35,675 34,411 33,975 36,175 36,294
Trading Account Securities
134,419 133,391 129,020 124,443 125,805 124,687 113,974 120,815 123,204 123,726 121,326
Loans and Leases, Net of Allowance
321,614 323,194 317,486 311,006 312,061 302,421 300,884 298,242 306,383 303,768 313,897
Loans and Leases
325,991 327,673 322,092 315,699 312,061 307,224 305,692 303,084 306,383 308,638 318,796
Allowance for Loan and Lease Losses
4,377 4,479 4,606 4,693 - 4,803 4,808 4,842 - 4,870 4,899
Loans Held for Sale
1,444 2,160 1,923 1,413 1,280 1,253 1,457 1,278 1,388 1,114 1,203
Premises and Equipment, Net
3,605 3,519 3,453 3,394 3,298 3,274 3,244 3,251 3,225 3,168 3,197
Goodwill
27,013 27,014 27,013 26,979 17,156 17,157 17,157 17,125 17,125 17,125 17,125
Intangible Assets
3,672 3,535 3,403 3,292 1,909 1,816 1,729 1,635 1,550 1,473 1,399
Other Assets
38,886 40,308 39,926 40,330 46,030 47,710 38,191 38,475 40,840 40,544 41,579
Total Liabilities & Shareholders' Equity
555,255 574,354 554,549 542,707 535,349 534,959 519,853 523,434 531,176 535,899 543,833
Total Liabilities
494,718 511,960 490,868 480,700 476,096 475,906 456,026 457,738 467,497 471,264 478,993
Non-Interest Bearing Deposits
135,742 128,719 121,831 116,674 111,624 110,901 107,310 105,984 107,451 108,461 106,442
Interest Bearing Deposits
277,753 276,278 284,212 283,350 284,241 283,364 278,101 281,794 283,073 295,275 299,680
Short-Term Debt
23,422 23,678 24,456 23,485 24,828 26,329 22,816 20,859 29,205 23,730 16,631
Long-Term Debt
43,203 69,895 44,749 41,232 38,918 39,071 34,616 36,770 34,956 32,030 44,427
Other Long-Term Liabilities
14,598 13,390 15,620 15,959 16,485 16,241 13,183 12,331 12,812 11,768 11,813
Total Equity & Noncontrolling Interests
60,537 62,394 63,681 62,007 59,253 59,053 63,827 65,696 63,679 64,635 64,840
Total Preferred & Common Equity
60,514 62,372 63,526 61,840 59,101 58,821 63,827 65,696 63,679 64,635 64,840
Preferred Stock
- 6,673 6,673 - - - - - - 5,907 5,907
Total Common Equity
60,514 55,699 56,853 61,840 59,101 58,821 63,827 65,696 63,679 58,728 58,933
Common Stock
41,178 41,242 42,650 42,782 42,846 42,887 43,055 42,658 42,208 41,726 41,067
Retained Earnings
26,264 27,038 27,577 27,944 22,088 22,483 22,603 23,248 23,777 24,252 24,759
Accumulated Other Comprehensive Income / (Loss)
-13,601 -12,581 -13,374 -15,559 -12,506 -13,222 -8,504 -6,883 -8,213 -7,250 -6,893
Noncontrolling Interest
23 22 155 167 152 232 0.00 0.00 0.00 0.00 0.00

Annual Metrics And Ratios for Truist Financial

This table displays calculated financial ratios and metrics derived from Truist Financial's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-32.57% 4.13% 12.30% 4.86% -40.96% 88.09% 80.66% -1.80% -10.42% 0.25% -33.68%
EBITDA Growth
-54.12% -4.87% 20.04% -4.41% 19.07% 0.74% 52.31% 32.42% -10.47% -94.64% -16.00%
EBIT Growth
-57.28% -6.72% 19.99% -4.97% 22.07% -1.01% 36.18% 46.04% -12.06% -110.88% 21.44%
NOPAT Growth
27.51% -3.76% 15.03% -1.11% 34.87% -0.61% 38.77% 43.30% -10.22% -109.27% 21.44%
Net Income Growth
27.51% -3.76% 15.03% -1.11% 34.87% -0.61% 38.77% 43.30% -2.64% -116.71% 562.27%
EPS Growth
24.20% -5.88% 8.20% -1.08% 42.70% -5.12% -16.98% 45.13% -0.89% -124.61% 408.26%
Operating Cash Flow Growth
-39.53% -2.46% -0.51% 48.80% -6.17% -65.05% 389.28% 6.12% 40.41% -22.11% -74.93%
Free Cash Flow Firm Growth
78.34% -54.34% 427.96% -166.78% 196.26% -2,680.39% 121.95% -10.31% -186.83% 133.26% -245.05%
Invested Capital Growth
6.12% 6.41% -2.57% 9.35% 1.35% 113.52% -7.54% -5.25% 15.10% -3.27% 3.94%
Revenue Q/Q Growth
-30.89% 1.71% 1.97% 1.27% -41.83% 79.36% 39.34% -16.70% -10.81% -6.21% -19.37%
EBITDA Q/Q Growth
-53.87% -2.09% 4.08% -1.57% 3.11% -1.27% 15.50% 2.96% -6.34% -94.22% 106.54%
EBIT Q/Q Growth
-57.01% -2.90% 4.07% -1.60% 3.41% -3.16% 16.17% 4.28% -7.74% -111.77% 91.19%
NOPAT Q/Q Growth
0.64% -2.79% 4.31% 1.00% 4.42% -2.38% 15.54% 4.41% -6.59% -109.97% 91.19%
Net Income Q/Q Growth
0.64% -2.79% 4.31% 1.00% 4.42% -2.38% 15.54% 4.41% 1.29% -118.29% 417.17%
EPS Q/Q Growth
0.00% -4.83% 2.97% 2.24% 5.39% -6.78% 6.57% 5.67% 1.61% -127.46% 333.33%
Operating Cash Flow Q/Q Growth
-36.59% -13.22% 66.93% -14.75% -6.55% -54.42% 62.20% 43.67% -10.30% -11.83% -42.52%
Free Cash Flow Firm Q/Q Growth
-37.43% 52.89% 2,687.68% -472.32% -96.00% 1.69% 131.05% 9.93% -2,372.29% 198.47% -282.28%
Invested Capital Q/Q Growth
2.70% -0.05% -6.38% -0.60% 0.00% 84.84% -0.53% -1.33% 8.07% -2.94% 3.66%
Profitability Metrics
- - - - - - - - - - -
EBITDA Margin
38.47% 35.15% 37.57% 34.25% 69.07% 36.99% 31.19% 42.06% 42.03% 2.25% 2.85%
EBIT Margin
33.88% 30.35% 32.43% 29.39% 60.76% 31.98% 24.10% 35.85% 35.19% -3.82% -4.53%
Profit (Net Income) Margin
23.90% 22.09% 22.63% 21.34% 48.74% 25.76% 19.78% 28.87% 31.38% -5.23% 36.45%
Tax Burden Percent
70.55% 72.78% 69.77% 72.61% 80.22% 80.54% 82.08% 80.53% 89.16% 136.86% -805.32%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
29.45% 27.22% 30.23% 27.39% 19.78% 19.46% 17.92% 19.47% 17.78% 0.00% 0.00%
Return on Invested Capital (ROIC)
4.42% 4.00% 4.52% 4.33% 5.55% 3.50% 3.70% 5.67% 4.86% -0.43% -0.34%
ROIC Less NNEP Spread (ROIC-NNEP)
4.42% 4.00% 4.52% 4.33% 5.55% 3.50% 3.70% 5.67% 5.77% -1.21% 7.89%
Return on Net Nonoperating Assets (RNNOA)
4.93% 4.21% 4.01% 3.77% 5.33% 3.20% 2.83% 3.51% 4.79% -1.32% 8.21%
Return on Equity (ROE)
9.35% 8.21% 8.53% 8.10% 10.88% 6.69% 6.54% 9.18% 9.66% -1.75% 7.87%
Cash Return on Invested Capital (CROIC)
-1.52% -2.21% 7.12% -4.60% 4.21% -68.92% 11.54% 11.06% -9.18% 2.90% -4.20%
Operating Return on Assets (OROA)
1.69% 1.47% 1.63% 1.51% 1.82% 1.15% 1.11% 1.52% 1.28% -0.14% -0.11%
Return on Assets (ROA)
1.19% 1.07% 1.14% 1.10% 1.46% 0.93% 0.91% 1.23% 1.14% -0.19% 0.91%
Return on Common Equity (ROCE)
9.32% 8.19% 8.52% 7.67% 10.31% 6.32% 6.28% 8.74% 9.16% -1.75% 7.86%
Return on Equity Simple (ROE_SIMPLE)
9.08% 7.77% 8.17% 8.15% 10.81% 4.88% 6.34% 9.29% 10.36% -1.77% 7.60%
Net Operating Profit after Tax (NOPAT)
2,206 2,123 2,442 2,415 3,257 3,237 4,492 6,437 5,779 -536 -421
NOPAT Margin
23.90% 22.09% 22.63% 21.34% 48.74% 25.76% 19.78% 28.87% 28.93% -2.67% -3.17%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.91% 0.78% -8.23%
SG&A Expenses to Revenue
44.97% 46.86% 46.34% 45.10% 77.42% 45.81% 43.19% 45.76% 40.14% 39.03% 58.77%
Operating Expenses to Revenue
63.40% 65.20% 62.27% 65.78% 30.77% 63.13% 65.61% 67.80% 60.92% 93.29% 90.44%
Earnings before Interest and Taxes (EBIT)
3,127 2,917 3,500 3,326 4,060 4,019 5,473 7,993 7,029 -765 -601
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
3,551 3,378 4,055 3,876 4,615 4,649 7,081 9,377 8,395 450 378
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.80 0.77 0.94 1.11 0.00 0.57 0.77 1.08 0.83 0.78 0.89
Price to Tangible Book Value (P/TBV)
1.15 1.16 1.44 1.82 0.00 1.02 1.25 2.05 1.69 1.16 1.27
Price to Revenue (P/Rev)
2.10 2.18 2.60 2.61 0.00 2.76 2.39 3.04 2.52 2.31 4.29
Price to Earnings (P/E)
9.77 10.83 12.40 13.33 0.00 11.46 12.97 11.23 8.49 0.00 12.74
Dividend Yield
3.53% 3.91% 3.33% 3.36% 4.63% 3.78% 4.47% 3.67% 5.27% 6.00% 4.85%
Earnings Yield
10.23% 9.23% 8.07% 7.50% 0.00% 8.72% 7.71% 8.91% 11.78% 0.00% 7.85%
Enterprise Value to Invested Capital (EV/IC)
0.85 0.81 0.88 1.00 0.00 0.64 0.68 0.86 0.73 0.63 0.62
Enterprise Value to Revenue (EV/Rev)
4.75 4.60 4.35 5.14 0.00 6.40 3.50 4.27 4.62 3.87 5.93
Enterprise Value to EBITDA (EV/EBITDA)
12.33 13.08 11.59 15.01 0.00 17.31 11.22 10.16 11.00 172.29 208.43
Enterprise Value to EBIT (EV/EBIT)
14.01 15.15 13.43 17.50 0.00 20.02 14.51 11.92 13.14 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
19.85 20.82 19.25 24.10 0.00 24.86 17.68 14.81 15.98 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
13.64 14.12 15.09 12.56 0.00 52.95 10.68 12.08 8.34 8.98 36.41
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 12.22 0.00 0.00 0.00 5.67 7.59 0.00 21.37 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.11 1.00 0.78 0.96 0.96 0.89 0.64 0.59 1.10 1.08 1.01
Long-Term Debt to Equity
0.96 0.87 0.73 0.80 0.79 0.62 0.56 0.52 0.71 0.66 0.55
Financial Leverage
1.12 1.05 0.89 0.87 0.96 0.91 0.77 0.62 0.83 1.09 1.04
Leverage Ratio
7.84 7.67 7.50 7.40 7.47 7.22 7.15 7.49 8.45 9.10 8.68
Compound Leverage Factor
7.84 7.67 7.50 7.40 7.47 7.22 7.15 7.49 8.45 9.10 8.68
Debt to Total Capital
52.58% 50.02% 43.85% 49.05% 48.91% 47.22% 39.18% 37.30% 52.39% 51.83% 50.19%
Short-Term Debt to Total Capital
7.23% 6.57% 2.64% 8.47% 8.77% 14.45% 5.22% 4.79% 18.42% 20.19% 22.85%
Long-Term Debt to Total Capital
45.35% 43.45% 41.21% 40.58% 40.14% 32.78% 33.96% 32.51% 33.97% 31.64% 27.34%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 5.24% 0.00% 4.05% 0.00% 6.04% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.17% 0.06% 0.08% 0.08% 0.09% 0.14% 0.09% 0.00% 0.02% 0.12% 0.00%
Common Equity to Total Capital
47.25% 49.92% 56.07% 45.63% 51.00% 48.59% 60.73% 56.66% 47.59% 48.05% 49.81%
Debt to EBITDA
7.61 8.10 5.76 7.38 6.26 12.81 6.45 4.39 7.94 141.66 169.74
Net Debt to EBITDA
6.85 6.87 4.67 6.58 5.40 8.71 3.54 2.23 5.01 69.20 57.79
Long-Term Debt to EBITDA
6.56 7.04 5.42 6.10 5.14 8.89 5.59 3.83 5.15 86.48 92.48
Debt to NOPAT
12.25 12.89 9.57 11.84 8.87 18.40 10.17 6.40 11.53 -119.04 -152.51
Net Debt to NOPAT
11.03 10.93 7.76 10.56 7.65 12.51 5.58 3.25 7.27 -58.15 -51.92
Long-Term Debt to NOPAT
10.57 11.20 8.99 9.79 7.28 12.77 8.82 5.58 7.48 -72.68 -83.09
Noncontrolling Interest Sharing Ratio
0.29% 0.24% 0.14% 5.28% 5.27% 5.51% 3.91% 4.84% 5.16% 0.15% 0.12%
Liquidity Ratios
- - - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-760 -1,173 3,847 -2,569 2,473 -63,813 14,006 12,562 -10,907 3,628 -5,262
Operating Cash Flow to CapEx
0.00% 0.00% 0.00% 0.00% 1,198.07% 678.57% 912.52% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
-0.99 -1.60 5.16 -3.06 1.72 -30.45 8.13 16.36 -4.70 0.37 -0.48
Operating Cash Flow to Interest Expense
4.18 4.26 4.18 5.52 3.02 0.73 4.32 10.28 4.77 0.87 0.20
Operating Cash Flow Less CapEx to Interest Expense
4.18 4.26 4.18 5.52 2.77 0.62 3.85 10.28 4.77 0.87 0.20
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.05 0.05 0.05 0.05 0.03 0.04 0.05 0.04 0.04 0.04 0.02
Fixed Asset Turnover
4.99 5.01 5.25 5.44 3.20 4.31 5.99 5.89 5.47 5.80 4.07
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
51,406 54,702 53,297 58,281 59,065 126,115 116,601 110,476 127,162 122,999 127,840
Invested Capital Turnover
0.18 0.18 0.20 0.20 0.11 0.14 0.19 0.20 0.17 0.16 0.11
Increase / (Decrease) in Invested Capital
2,966 3,296 -1,405 4,984 784 67,050 -9,514 -6,125 16,686 -4,163 4,841
Enterprise Value (EV)
43,797 44,195 47,002 58,194 0.00 80,476 79,427 95,307 92,369 77,530 78,786
Market Capitalization
19,379 20,966 28,010 29,591 0.00 34,708 54,246 67,724 50,323 46,240 56,943
Book Value per Share
$33.72 $35.00 $36.83 $33.71 $38.97 $79.97 $52.52 $46.89 $45.61 $44.31 $47.97
Tangible Book Value per Share
$23.48 $23.16 $23.90 $20.62 $25.29 $44.35 $32.18 $24.79 $22.48 $30.02 $33.90
Total Capital
51,406 54,702 53,297 58,281 59,065 126,115 116,601 110,476 127,162 122,999 127,840
Total Debt
27,029 27,362 23,371 28,586 28,887 59,557 45,689 41,205 66,625 63,746 64,161
Total Long-Term Debt
23,312 23,769 21,965 23,648 23,709 41,339 39,597 35,913 43,203 38,918 34,956
Net Debt
24,330 23,195 18,947 25,503 24,900 40,492 25,076 20,910 42,023 31,138 21,843
Capital Expenditures (CapEx)
0.00 0.00 0.00 0.00 363 224 815 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -488 512 -5,261
Net Nonoperating Obligations (NNO)
27,029 27,362 23,371 28,586 28,887 59,557 45,689 41,205 66,625 63,746 64,161
Total Depreciation and Amortization (D&A)
424 461 555 550 555 630 1,608 1,384 1,366 1,215 979
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$2.79 $2.59 $2.81 $2.78 $3.96 $3.76 $3.11 $4.51 $4.46 ($1.09) $3.36
Adjusted Weighted Average Basic Shares Outstanding
718.14M 748.01M 804.68M 799.22M 772.96M 805.10M 1.35B 1.34B 1.33B 1.33B 1.33B
Adjusted Diluted Earnings per Share
$2.75 $2.56 $2.77 $2.74 $3.91 $3.71 $3.08 $4.47 $4.43 ($1.09) $3.36
Adjusted Weighted Average Diluted Shares Outstanding
728.37M 757.77M 814.92M 810.98M 783.48M 815.20M 1.36B 1.35B 1.34B 1.33B 1.33B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
720.80M 780.45M 808.39M 778.29M 763.60M 1.34B 1.35B 1.33B 1.33B 1.33B 1.31B
Normalized Net Operating Profit after Tax (NOPAT)
2,325 2,368 2,561 2,783 3,374 3,527 5,198 7,099 6,162 3,943 -337
Normalized NOPAT Margin
25.18% 24.64% 23.72% 24.59% 50.50% 28.06% 22.89% 31.84% 30.85% 19.69% -2.54%
Pre Tax Income Margin
33.88% 30.35% 32.43% 29.39% 60.76% 31.98% 24.10% 35.85% 35.19% -3.82% -4.53%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
4.07 3.97 4.70 3.96 2.82 1.92 3.18 10.41 3.03 -0.08 -0.05
NOPAT to Interest Expense
2.87 2.89 3.28 2.88 2.27 1.54 2.61 8.38 2.49 -0.05 -0.04
EBIT Less CapEx to Interest Expense
4.07 3.97 4.70 3.96 2.57 1.81 2.71 10.41 3.03 -0.08 -0.05
NOPAT Less CapEx to Interest Expense
2.87 2.89 3.28 2.88 2.01 1.44 2.14 8.38 2.49 -0.05 -0.04
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
36.90% 44.14% 44.72% 48.82% 42.31% 45.07% 60.66% 44.31% 47.69% -299.04% 64.77%
Augmented Payout Ratio
36.90% 44.14% 66.01% 115.61% 79.31% 45.07% 60.66% 69.41% 51.68% -299.04% 85.43%

Quarterly Metrics And Ratios for Truist Financial

This table displays calculated financial ratios and metrics derived from Truist Financial's official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-43.48% -0.69% -11.88% -16.73% 55.18% -8.89% -133.82% 4.44% 3.65% 1.68% 395.96%
EBITDA Growth
-24.57% 0.43% -24.41% -30.55% -383.89% -21.51% -393.53% 20.14% 136.17% 7.14% 134.57%
EBIT Growth
-29.96% 1.43% -26.52% -34.40% -480.49% -22.92% -473.84% 30.34% 129.62% 12.45% 128.93%
NOPAT Growth
-25.47% -0.42% -23.69% -32.25% -407.61% -19.65% -413.17% 29.76% 135.09% 11.30% 133.87%
Net Income Growth
4.99% 6.99% -12.21% -27.73% -402.62% -20.79% -31.45% 21.89% 125.07% 5.08% 34.49%
EPS Growth
6.19% 6.06% -15.60% -30.43% -421.67% -22.86% -32.61% 23.75% 124.35% 7.41% 45.16%
Operating Cash Flow Growth
-26.48% 162.77% -5.93% -36.15% -32.77% -938.98% -77.35% -36.27% -67.38% 175.35% 8.17%
Free Cash Flow Firm Growth
-300.49% -664.02% -483.26% -95.21% 103.16% 164.53% 132.30% 160.89% -824.75% -83.71% -142.67%
Invested Capital Growth
15.10% 50.02% 24.13% 7.69% -3.27% -20.21% -8.75% -2.68% 3.94% -3.26% 3.83%
Revenue Q/Q Growth
-46.19% -14.82% -5.77% -2.29% 0.27% -35.30% -134.97% 401.78% -0.49% -3.18% 1.80%
EBITDA Q/Q Growth
-24.96% -12.46% -18.54% -5.06% -406.75% 136.51% -404.64% 138.86% -7.63% -2.01% -1.71%
EBIT Q/Q Growth
-31.05% -12.28% -21.01% -6.22% -499.92% 128.54% -483.15% 132.70% -9.12% -1.22% -1.43%
NOPAT Q/Q Growth
-27.06% -16.17% -17.09% -5.13% -431.19% 133.84% -423.12% 139.31% -10.42% -2.17% -1.67%
Net Income Q/Q Growth
2.75% -9.93% -11.22% -12.04% -530.26% 123.58% -23.17% 56.40% -11.51% -1.18% -1.67%
EPS Q/Q Growth
4.35% -12.50% -12.38% -13.04% -582.50% 120.98% -23.46% 59.68% -5.05% -7.45% 3.45%
Operating Cash Flow Q/Q Growth
-6.26% -96.66% 3,061.02% -35.47% -1.29% -141.67% 185.35% 81.54% -49.48% -3.74% 22.52%
Free Cash Flow Firm Q/Q Growth
-280.64% -237.20% 51.25% 67.79% 106.17% 3,906.26% -75.60% -39.27% -173.42% 249.75% -163.90%
Invested Capital Q/Q Growth
8.07% 22.65% -14.80% -4.64% -2.94% 1.18% -2.57% 1.70% 3.66% -5.82% 4.57%
Profitability Metrics
- - - - - - - - - - -
EBITDA Margin
55.44% 39.47% 34.12% 33.15% -101.41% 34.00% 0.00% 38.13% 35.40% 35.82% 34.59%
EBIT Margin
43.83% 33.49% 28.08% 26.95% -107.48% 28.33% 0.00% 33.63% 30.71% 31.33% 30.34%
Profit (Net Income) Margin
53.46% 28.65% 26.99% 24.30% -104.26% 24.91% 0.00% 28.36% 25.22% 25.74% 24.86%
Tax Burden Percent
121.97% 85.54% 96.14% 90.17% 97.01% 87.91% -17.63% 84.33% 82.11% 82.15% 81.96%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
13.42% 20.38% 16.44% 15.47% 0.00% 17.00% 0.00% 15.85% 17.05% 17.85% 18.04%
Return on Invested Capital (ROIC)
6.38% 4.72% 4.37% 3.98% -12.04% 3.84% 0.00% 3.73% 2.70% 2.81% 4.03%
ROIC Less NNEP Spread (ROIC-NNEP)
7.28% 4.88% 4.68% 4.10% -14.22% 3.93% 0.00% 3.73% 2.68% 2.81% 4.03%
Return on Net Nonoperating Assets (RNNOA)
6.05% 5.07% 4.18% 4.06% -15.47% 5.14% 0.00% 3.58% 2.78% 2.75% 3.71%
Return on Equity (ROE)
12.43% 9.79% 8.55% 8.04% -27.52% 8.99% 0.00% 7.30% 5.48% 5.56% 7.74%
Cash Return on Invested Capital (CROIC)
-9.18% -35.20% -16.62% -3.01% 2.90% 22.18% 5.17% -1.10% -4.20% 3.07% 0.48%
Operating Return on Assets (OROA)
1.60% 1.38% 1.14% 1.05% -3.95% 1.17% 0.00% 1.04% 0.76% 0.78% 1.14%
Return on Assets (ROA)
1.95% 1.18% 1.10% 0.95% -3.83% 1.03% 0.00% 0.88% 0.63% 0.64% 0.94%
Return on Common Equity (ROCE)
11.79% 9.27% 8.08% 8.03% -27.48% 8.47% 0.00% 7.29% 5.48% 5.28% 7.39%
Return on Equity Simple (ROE_SIMPLE)
0.00% 10.21% 9.73% 9.26% 0.00% -2.32% -2.80% -2.32% 0.00% 7.58% 8.05%
Net Operating Profit after Tax (NOPAT)
1,194 1,410 1,169 1,109 -3,673 1,133 -3,661 1,439 1,289 1,261 1,240
NOPAT Margin
37.95% 26.66% 23.46% 22.78% -75.23% 23.52% 0.00% 28.30% 25.47% 25.74% 24.86%
Net Nonoperating Expense Percent (NNEP)
-0.91% -0.16% -0.31% -0.12% 2.17% -0.08% -7.24% 0.00% 0.02% 0.00% 0.00%
SG&A Expenses to Revenue
17.42% 37.95% 40.68% 40.91% 36.64% 40.14% 0.00% 38.23% 38.58% 38.93% 40.16%
Operating Expenses to Revenue
41.32% 57.02% 61.13% 62.85% 195.76% 61.29% 0.00% 57.56% 59.98% 59.32% 59.88%
Earnings before Interest and Taxes (EBIT)
1,379 1,771 1,399 1,312 -5,247 1,365 -5,230 1,710 1,554 1,535 1,513
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,744 2,087 1,700 1,614 -4,951 1,638 -4,990 1,939 1,791 1,755 1,725
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.83 0.74 0.66 0.58 0.78 0.86 0.80 0.87 0.89 0.91 0.96
Price to Tangible Book Value (P/TBV)
1.69 1.64 1.42 1.14 1.16 1.27 1.14 1.22 1.27 1.34 1.39
Price to Revenue (P/Rev)
2.52 1.79 1.68 1.69 2.31 2.21 3.16 3.48 4.29 4.02 2.81
Price to Earnings (P/E)
8.49 6.87 6.48 6.76 0.00 0.00 0.00 0.00 12.74 11.84 11.52
Dividend Yield
5.27% 6.57% 7.38% 7.70% 6.00% 5.48% 5.42% 4.86% 4.85% 5.05% 4.84%
Earnings Yield
11.78% 14.57% 15.43% 14.80% 0.00% 0.00% 0.00% 0.00% 7.85% 8.44% 8.68%
Enterprise Value to Invested Capital (EV/IC)
0.73 0.64 0.61 0.54 0.63 0.64 0.54 0.59 0.62 0.58 0.63
Enterprise Value to Revenue (EV/Rev)
4.62 4.36 3.64 3.23 3.87 3.48 4.03 4.39 5.93 5.27 3.95
Enterprise Value to EBITDA (EV/EBITDA)
11.00 11.09 9.56 8.86 172.29 137.10 0.00 0.00 208.43 142.22 10.98
Enterprise Value to EBIT (EV/EBIT)
13.14 13.04 11.30 10.62 0.00 0.00 0.00 0.00 0.00 0.00 12.54
Enterprise Value to NOPAT (EV/NOPAT)
15.98 16.02 13.77 12.85 0.00 0.00 0.00 0.00 0.00 0.00 15.14
Enterprise Value to Operating Cash Flow (EV/OCF)
8.34 8.81 7.28 7.05 8.98 10.59 14.13 19.20 36.41 18.05 19.94
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 21.37 2.56 9.97 0.00 0.00 18.74 134.16
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.10 1.50 1.09 1.04 1.08 1.11 0.90 0.88 1.01 0.86 0.94
Long-Term Debt to Equity
0.71 1.12 0.70 0.67 0.66 0.66 0.54 0.56 0.55 0.50 0.69
Financial Leverage
0.83 1.04 0.89 0.99 1.09 1.31 0.99 0.96 1.04 0.98 0.92
Leverage Ratio
8.45 8.78 8.68 8.88 9.10 9.13 8.43 8.35 8.68 8.66 8.27
Compound Leverage Factor
8.45 8.78 8.68 8.88 9.10 9.13 8.43 8.35 8.68 8.66 8.27
Debt to Total Capital
52.39% 60.00% 52.08% 51.07% 51.83% 52.55% 47.36% 46.73% 50.19% 46.31% 48.50%
Short-Term Debt to Total Capital
18.42% 15.18% 18.40% 18.53% 20.19% 21.16% 18.82% 16.91% 22.85% 19.71% 13.21%
Long-Term Debt to Total Capital
33.97% 44.81% 33.67% 32.54% 31.64% 31.39% 28.55% 29.82% 27.34% 26.60% 35.29%
Preferred Equity to Total Capital
0.00% 4.28% 5.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.91% 4.69%
Noncontrolling Interests to Total Capital
0.02% 0.01% 0.12% 0.13% 0.12% 0.19% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
47.59% 35.71% 42.78% 48.80% 48.05% 47.26% 52.64% 53.27% 49.81% 48.78% 46.81%
Debt to EBITDA
7.94 10.35 8.15 8.31 141.66 112.56 -9.40 -9.96 169.74 112.65 8.47
Net Debt to EBITDA
5.01 5.79 4.34 4.22 69.20 49.50 -2.33 -2.60 57.79 21.78 2.35
Long-Term Debt to EBITDA
5.15 7.73 5.27 5.30 86.48 67.25 -5.67 -6.36 92.48 64.71 6.16
Debt to NOPAT
11.53 14.95 11.73 12.05 -119.04 -158.09 -11.36 -12.07 -152.51 -184.82 11.68
Net Debt to NOPAT
7.27 8.36 6.25 6.12 -58.15 -69.52 -2.81 -3.14 -51.92 -35.73 3.24
Long-Term Debt to NOPAT
7.48 11.16 7.59 7.68 -72.68 -94.44 -6.85 -7.70 -83.09 -106.17 8.50
Noncontrolling Interest Sharing Ratio
5.16% 5.27% 5.41% 0.15% 0.15% 5.70% 0.00% 0.13% 0.12% 4.96% 4.59%
Liquidity Ratios
- - - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-15,492 -50,593 -24,663 -7,945 490 32,647 7,966 4,838 -3,552 5,319 -3,399
Operating Cash Flow to CapEx
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
-12.32 -26.39 -9.59 -2.95 0.18 11.61 2.82 1.76 -1.37 2.14 -1.32
Operating Cash Flow to Interest Expense
2.81 0.06 1.45 0.89 0.86 -0.35 0.30 0.56 0.30 0.30 0.36
Operating Cash Flow Less CapEx to Interest Expense
2.81 0.06 1.45 0.89 0.86 -0.35 0.30 0.56 0.30 0.30 0.36
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.02 0.03 0.04
Fixed Asset Turnover
5.47 6.41 6.26 6.12 5.80 6.75 4.85 4.96 4.07 4.15 6.22
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
127,162 155,967 132,886 126,724 122,999 124,453 121,259 123,325 127,840 120,395 125,898
Invested Capital Turnover
0.17 0.18 0.19 0.17 0.16 0.16 0.13 0.13 0.11 0.11 0.16
Increase / (Decrease) in Invested Capital
16,686 52,003 25,832 9,054 -4,163 -31,514 -11,627 -3,399 4,841 -4,058 4,639
Enterprise Value (EV)
92,369 100,295 81,241 69,012 77,530 79,657 65,557 72,291 78,786 70,401 79,155
Market Capitalization
50,323 41,260 37,533 35,978 46,240 50,666 51,342 57,275 56,943 53,715 56,297
Book Value per Share
$45.61 $41.94 $42.69 $46.43 $44.31 $44.06 $47.70 $49.06 $47.97 $44.99 $45.00
Tangible Book Value per Share
$22.48 $18.94 $19.85 $23.70 $30.02 $29.85 $33.59 $35.05 $33.90 $30.74 $30.86
Total Capital
127,162 155,967 132,886 126,724 122,999 124,453 121,259 123,325 127,840 120,395 125,898
Total Debt
66,625 93,573 69,205 64,717 63,746 65,400 57,432 57,629 64,161 55,760 61,058
Total Long-Term Debt
43,203 69,895 44,749 41,232 38,918 39,071 34,616 36,770 34,956 32,030 44,427
Net Debt
42,023 52,340 36,880 32,867 31,138 28,759 14,215 15,016 21,843 10,779 16,951
Capital Expenditures (CapEx)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)
-488 -105 -176 -74 1,417 -67 -4,583 -3.00 13 0.00 0.00
Net Nonoperating Obligations (NNO)
66,625 93,573 69,205 64,717 63,746 65,400 57,432 57,629 64,161 55,760 61,058
Total Depreciation and Amortization (D&A)
365 316 301 302 296 273 240 229 237 220 212
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.21 $1.06 $0.93 $0.80 ($3.88) $0.82 $0.62 $1.00 $0.92 $0.88 $0.91
Adjusted Weighted Average Basic Shares Outstanding
1.33B 1.33B 1.33B 1.33B 1.33B 1.34B 1.34B 1.33B 1.33B 1.31B 1.29B
Adjusted Diluted Earnings per Share
$1.20 $1.05 $0.92 $0.80 ($3.86) $0.81 $0.62 $0.99 $0.94 $0.87 $0.90
Adjusted Weighted Average Diluted Shares Outstanding
1.34B 1.34B 1.34B 1.34B 1.33B 1.35B 1.34B 1.35B 1.33B 1.32B 1.31B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
1.33B 1.33B 1.33B 1.33B 1.33B 1.34B 1.34B 1.33B 1.31B 1.31B 1.29B
Normalized Net Operating Profit after Tax (NOPAT)
1,252 1,455 1,209 1,161 -3,564 1,175 -3,638 1,460 1,298 1,292 1,263
Normalized NOPAT Margin
39.80% 27.51% 24.26% 23.84% -73.01% 24.39% 0.00% 28.71% 25.65% 26.38% 25.32%
Pre Tax Income Margin
43.83% 33.49% 28.08% 26.95% -107.48% 28.33% 0.00% 33.63% 30.71% 31.33% 30.34%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
1.10 0.92 0.54 0.49 -1.91 0.49 -1.85 0.62 0.60 0.62 0.59
NOPAT to Interest Expense
0.95 0.74 0.45 0.41 -1.34 0.40 -1.30 0.52 0.50 0.51 0.48
EBIT Less CapEx to Interest Expense
1.10 0.92 0.54 0.49 -1.91 0.49 -1.85 0.62 0.60 0.62 0.59
NOPAT Less CapEx to Interest Expense
0.95 0.74 0.45 0.41 -1.34 0.40 -1.30 0.52 0.50 0.51 0.48
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
47.69% 48.04% 50.33% 54.52% -299.04% -230.32% -176.02% -206.03% 64.77% 63.62% 58.92%
Augmented Payout Ratio
51.68% 51.96% 50.33% 54.52% -299.04% -230.32% -176.02% -238.79% 85.43% 94.23% 102.03%

Key Financial Trends

Truist Financial (NYSE:TFC) has demonstrated consistent earnings and solid financial performance over the past four years, with improving net income figures in recent quarters. Here's a summary of key financial trends and points based on the latest quarterly data and history from 2022 through Q2 2025.

  • Steady net income growth in 2024 and 2025: Net income rose from approximately $1.09 billion in Q1 2023 to $1.24 billion in Q2 2025, showing stable profitability.
  • Improvement from prior losses in 2023: Truist returned to consistent net profits after a negative net income in Q2 2024 (-$3.9 billion) due largely to one-time items, with recovery and stable positive earnings thereafter.
  • Strong net interest income: Net interest income steadily increased from $3.37 billion in Q1 2023 to $3.59 billion in Q4 2024 and was $3.59 billion in Q2 2025, supporting revenue stability.
  • Revenue stability: Despite some volatility in non-interest income, total revenues ranged close to $5 billion in recent quarters, indicating solid underlying banking operations.
  • Loan book growth: Net loans and leases grew from about $302 billion in early 2023 to nearly $319 billion in Q2 2025, signaling expanding lending activity.
  • Controlled credit losses: Provisions for loan losses remain relatively stable around $450-$540 million per quarter, suggesting manageable credit risk.
  • Elevated debt levels: Long-term debt has increased from roughly $31 billion in early 2023 to over $44 billion by Q2 2025, which may pressure interest expenses.
  • Increasing interest expenses: Total interest expense rose from approximately $1.9 billion in Q1 2023 to $2.56 billion in Q2 2025, squeezing net interest margins to some extent.
  • Higher non-interest expenses: Operating expenses, including salaries, marketing, and restructuring charges, have escalated to around $3 billion per quarter, impacting profitability.
  • Strong cash flow from operating activities: Operating cash flow mostly exceeds $900 million to over $1.5 billion per quarter recently, indicating solid cash generation to support operations and financing.

In summary, Truist Financial has shown a solid recovery and growth trajectory with stable net income, expanding loan portfolios, and strong interest income generation. However, increasing debt levels and non-interest expenses warrant monitoring as they can impact future margins and financial flexibility. Overall, the fundamental financial health appears sound, supporting the bank's prospects for ongoing performance in the current economic environment.

08/09/25 03:26 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Truist Financial's Financials

When does Truist Financial's financial year end?

According to the most recent income statement we have on file, Truist Financial's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Truist Financial's net income changed over the last 10 years?

Truist Financial's net income appears to be on an upward trend, with a most recent value of $4.84 billion in 2024, rising from $2.21 billion in 2014. The previous period was -$1.05 billion in 2023. Check out Truist Financial's forecast to explore projected trends and price targets.

How has Truist Financial's revenue changed over the last 10 years?

Over the last 10 years, Truist Financial's total revenue changed from $9.23 billion in 2014 to $13.28 billion in 2024, a change of 43.9%.

How much debt does Truist Financial have?

Truist Financial's total liabilities were at $467.50 billion at the end of 2024, a 1.8% decrease from 2023, and a 187.8% increase since 2014.

How much cash does Truist Financial have?

In the past 10 years, Truist Financial's cash and equivalents has ranged from $1.64 billion in 2014 to $5.79 billion in 2024, and is currently $5.79 billion as of their latest financial filing in 2024.

How has Truist Financial's book value per share changed over the last 10 years?

Over the last 10 years, Truist Financial's book value per share changed from 33.72 in 2014 to 47.97 in 2024, a change of 42.3%.



This page (NYSE:TFC) was last updated on 8/9/2025 by MarketBeat.com Staff
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