Truist Financial (TFC) Financials

$45.97 -0.11 (-0.24%)

Closing price 03:59 PM Eastern

Extended Trading

$46.20 +0.23 (+0.51%)

As of 05:27 PM Eastern

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

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

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

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

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

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

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%

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%

Financials Breakdown Chart

Key Financial Trends

Truist Financial Corporation (NYSE: TFC) has shown consistent financial performance and growth over the last several years, based on its quarterly financial statements from Q3 2022 to Q2 2025. Below is an overview of key trends and highlights from their Income Statements, Cash Flow Statements, and Balance Sheets.

Net Income Growth: Truist’s consolidated net income grew steadily from $922 million in Q2 2024 to $1.24 billion in Q2 2025. This increase reflects improved profitability and operational efficiency.
Stable Earnings per Share (EPS): Basic and diluted EPS rose from approximately $0.62 in early 2024 to around $0.90 in Q2 2025, indicating growing returns to shareholders despite share count fluctuations.
Consistent Net Interest Income Expansion: Net interest income increased from about $3.35 billion in Q1 2023 to $3.59 billion in Q4 2024 and $3.59 billion in Q2 2025, driven by higher interest income on loans and securities.
Deposit Growth: Total deposits increased from approximately $400 billion levels in 2023 to around $406 billion by Q2 2025, supporting growth in the loan portfolio and overall asset base.
Loan Portfolio Expansion: Loans and leases net of allowance expanded from $310 billion in Q3 2022 to over $313 billion by Q2 2025, indicating steady credit growth supporting interest income.
Controlled Loan Loss Provisions: Provision for credit losses remained relatively stable, around $488 million in Q2 2025, reflecting prudent risk management amid growth.
Operating Cash Flow Strength: Net cash from continuing operating activities was robust at $914 million in Q2 2025, demonstrating solid cash generation from core operations.

Non-interest Income Variability: Total non-interest income has fluctuated across quarters, with a dip into negative territory ($-5.21 billion in Q2 2024 due to restatements or special items) but recovering to about $1.4 billion in Q2 2025, indicating some inconsistency independent of core interest operations.
Restructuring and Other Charges: Periodic restructuring charges, typically between $10 million and $155 million each quarter, suggest ongoing business adjustments that could impact expenses temporarily.
Equity and Share Buybacks: Share repurchases averaged around $500-$750 million per quarter, signaling capital return strategies, balanced by dividend payments close to $730-$830 million quarterly.

Interest Expense Pressure: Total interest expense increased to $2.57 billion in Q2 2025 from lower levels in prior years, driven partially by rises in long-term debt costs and short-term borrowings, which may pressure net interest margins.
Volatility in Deposits: Although deposits have grown, occasional large swings in net change in deposits (e.g., a negative $10.3 billion in Q2 2024) may cause short-term funding challenges.
Goodwill and Intangible Assets: The company holds significant goodwill and intangible assets (around $17 billion and $1.3 billion respectively in 2025), which may imply acquisition-related risk and potential impairment expense exposure.
Elevated Restructuring Charges: Restructuring charges have spiked in some quarters (up to $155 million in Q4 2023), which could point to underlying operational challenges.
Increased Operating Expenses: Non-interest expenses, including salaries and benefits, increased from approximately $2.9 billion in Q4 2022 to over $3.0 billion by 2025 quarters, which may erode profitability if not matched by revenue gains.

Summary: Truist Financial has demonstrated solid net income growth, stable EPS, and strong cash flow from operations in recent periods. The company is managing credit risk prudently with steady loan growth and controlled loan loss provisions. However, investors should watch for interest expense pressures, deposit volatility, and the impact of restructuring charges. Ongoing expense management and capital allocation strategies will be key for sustaining profitability.

09/19/25 06:08 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Truist Financial's Financials

When does Truist Financial's fiscal year end?

According to the most recent income statement we have on file, Truist Financial's financial year ends in December. Their financial 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. See Truist Financial's forecast for analyst expectations on what’s next for the company.

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%.

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This page (NYSE:TFC) was last updated on 9/19/2025 by MarketBeat.com Staff

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