Truist Financial (TFC-PR) Financial Statements
Price: $18.68
Market Cap: $24.38B
Avg Volume: 71.59K
Market Cap: $24.38B
Avg Volume: 71.59K
Country: US
Industry: Banks - Regional
Sector: Financial Services
Industry: Banks - Regional
Sector: Financial Services
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Truist Financial.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.28B | $23.39B | $23.04B | $22.30B | $22.70B | $12.57B | $11.56B | $11.32B | $10.79B | $9.89B |
| Cost of Revenue | $24.25B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Gross Profit | $-10.97B | $23.39B | $23.04B | $22.30B | $22.70B | $12.57B | $11.56B | $11.32B | $10.79B | $9.89B |
| Gross Profit Ratio | -82.66% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $1.34B | $8.65B | $8.47B | $8.63B | $8.15B | $4.83B | $4.31B | $4.23B | $4.03B | $3.72B |
| Selling and Marketing Expenses | $268.00M | $297.00M | $352.00M | $294.00M | $273.00M | $137.00M | $102.00M | $94.00M | $- | $- |
| Selling General and Administrative Expenses | $1.60B | $8.95B | $8.82B | $8.93B | $8.42B | $4.97B | $4.42B | $4.32B | $4.03B | $3.72B |
| Other Expenses | $- | $14.62B | $6.55B | $5.38B | $8.81B | $3.58B | $3.08B | $3.67B | $3.26B | $3.25B |
| Operating Expenses | $1.60B | $23.57B | $15.37B | $14.30B | $17.23B | $8.55B | $7.50B | $7.99B | $7.29B | $6.97B |
| Cost and Expenses | $25.86B | $23.57B | $15.37B | $14.30B | $17.23B | $8.55B | $7.50B | $7.99B | $7.29B | $6.97B |
| Interest Income | $25.07B | $24.46B | $16.64B | $13.77B | $15.55B | $9.41B | $8.12B | $7.37B | $7.07B | $6.33B |
| Interest Expense | $10.97B | $9.86B | $2.32B | $768.00M | $1.72B | $2.10B | $1.44B | $839.00M | $745.00M | $735.00M |
| Depreciation and Amortization | $- | $1.22B | $1.37B | $1.38B | $1.61B | $630.00M | $555.00M | $550.00M | $555.00M | $461.00M |
| EBITDA | $-481.00M | $1.03B | $9.04B | $9.38B | $7.08B | $4.65B | $4.62B | $3.88B | $4.05B | $3.38B |
| EBITDA Ratio | -3.62% | 4.40% | 39.22% | 42.06% | 31.19% | 36.99% | 39.93% | 34.25% | 37.57% | 34.16% |
| Operating Income | $-481.00M | $-185.00M | $7.67B | $7.99B | $5.47B | $4.02B | $4.06B | $3.33B | $3.50B | $2.92B |
| Operating Income Ratio | -3.62% | -0.79% | 33.29% | 35.85% | 24.10% | 31.98% | 35.13% | 29.39% | 32.43% | 29.49% |
| Total Other Income Expenses Net | $-120.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Income Before Tax | $-601.00M | $-185.00M | $7.67B | $7.99B | $5.47B | $4.02B | $4.06B | $3.33B | $3.50B | $2.92B |
| Income Before Tax Ratio | -4.53% | -0.79% | 33.29% | 35.85% | 24.10% | 31.98% | 35.13% | 29.39% | 32.43% | 29.49% |
| Income Tax Expense | $-556.00M | $862.00M | $1.40B | $1.56B | $981.00M | $782.00M | $803.00M | $911.00M | $1.06B | $794.00M |
| Net Income | $4.82B | $-1.09B | $6.26B | $6.44B | $4.48B | $3.22B | $3.24B | $2.39B | $2.43B | $2.08B |
| Net Income Ratio | 36.29% | -4.66% | 27.18% | 28.88% | 19.74% | 25.65% | 28.01% | 21.15% | 22.48% | 21.07% |
| EPS | $3.36 | $-1.09 | $4.46 | $4.51 | $3.11 | $3.76 | $4.19 | $2.78 | $2.81 | $2.59 |
| EPS Diluted | $3.36 | $-1.09 | $4.43 | $4.47 | $3.08 | $3.71 | $4.13 | $2.74 | $2.77 | $2.56 |
| Weighted Average Shares Outstanding | 1.33B | 1.33B | 1.33B | 1.34B | 1.35B | 805.10M | 772.96M | 810.22M | 814.92M | 756.25M |
| Weighted Average Shares Outstanding Diluted | 1.33B | 1.33B | 1.34B | 1.35B | 1.36B | 815.20M | 783.48M | 810.98M | 815.52M | 757.76M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $- | $30.64B | $21.42B | $20.30B | $18.87B | $19.07B | $3.84B | $2.71B | $3.94B | $3.56B |
| Short Term Investments | $4.55B | $2.76B | $2.94B | $2.63B | $2.29B | $2.79B | $391.00M | $- | $- | $- |
| Cash and Short Term Investments | $4.55B | $33.40B | $24.37B | $22.93B | $21.15B | $21.85B | $4.24B | $2.71B | $3.94B | $3.56B |
| Net Receivables | $- | $12.97B | $11.77B | $10.34B | $9.45B | $15.79B | $6.42B | $1.90B | $1.67B | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $47.47B | $1.13B | $1.16B | $1.15B | $1.25B | $1.25B | $602.00M | $- | $- | $- |
| Total Current Assets | $47.47B | $47.50B | $37.30B | $34.42B | $31.85B | $38.89B | $11.26B | $4.62B | $5.61B | $3.56B |
| Property Plant Equipment Net | $3.23B | $6.09B | $6.88B | $6.96B | $7.01B | $7.43B | $3.49B | $2.06B | $2.11B | $2.01B |
| Goodwill | $17.12B | $20.90B | $27.01B | $26.10B | $24.45B | $24.15B | $9.82B | $9.62B | $9.64B | $8.55B |
| Intangible Assets | $1.55B | $6.54B | $7.43B | $6.04B | $5.01B | $5.77B | $1.88B | $1.77B | $1.91B | $1.57B |
| Goodwill and Intangible Assets | $18.68B | $27.44B | $34.44B | $32.14B | $29.45B | $29.93B | $11.70B | $11.38B | $11.54B | $10.11B |
| Long Term Investments | $- | $440.08B | $463.67B | $458.20B | $434.80B | $384.06B | $194.34B | $190.46B | $187.11B | $180.97B |
| Tax Assets | $- | $3.04B | $3.03B | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-21.90B | $11.21B | $9.93B | $9.52B | $6.11B | $12.78B | $4.90B | $13.12B | $12.91B | $13.30B |
| Total Non-Current Assets | $- | $487.85B | $517.96B | $506.82B | $477.38B | $434.19B | $214.44B | $217.03B | $213.67B | $206.39B |
| Other Assets | $483.71B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $531.18B | $535.35B | $555.25B | $541.24B | $509.23B | $473.08B | $225.70B | $221.64B | $219.28B | $209.95B |
| Account Payables | $- | $- | $- | $- | $- | $- | $5.43B | $5.99B | $5.75B | $6.12B |
| Short Term Debt | $29.20B | $23.20B | $21.87B | $4.97B | $5.71B | $17.54B | $5.18B | $4.94B | $2.81B | $7.19B |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $107.45B | $395.87B | $413.50B | $416.49B | $381.08B | $334.73B | $161.20B | $157.37B | $160.23B | $149.12B |
| Total Current Liabilities | $136.66B | $419.07B | $435.37B | $421.46B | $386.78B | $352.26B | $171.81B | $168.30B | $168.79B | $162.43B |
| Long Term Debt | $34.96B | $38.92B | $43.20B | $35.91B | $39.60B | $41.34B | $23.71B | $23.65B | $21.96B | $23.77B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $-34.96B | $18.11B | $16.15B | $14.60B | $11.94B | $12.92B | $- | $- | $-1.41B | $-3.59B |
| Total Non-Current Liabilities | $- | $57.03B | $59.35B | $50.51B | $51.53B | $54.26B | $23.71B | $23.65B | $20.56B | $20.18B |
| Other Liabilities | $330.84B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $467.50B | $476.10B | $494.72B | $471.97B | $438.32B | $406.52B | $195.52B | $191.95B | $189.35B | $182.61B |
| Preferred Stock | $5.91B | $6.67B | $6.67B | $6.67B | $8.05B | $5.10B | $3.05B | $3.05B | $3.05B | $2.60B |
| Common Stock | $6.58B | $6.67B | $6.63B | $6.64B | $6.75B | $6.71B | $3.82B | $3.91B | $4.05B | $3.90B |
| Retained Earnings | $23.78B | $22.09B | $26.26B | $23.00B | $19.45B | $19.81B | $18.12B | $16.26B | $14.81B | $13.46B |
| Accumulated Other Comprehensive Income Loss | $-8.21B | $-12.51B | $-13.60B | $-1.60B | $716.00M | $-844.00M | $-1.72B | $-1.47B | $-1.13B | $-1.03B |
| Other Total Stockholders Equity | $35.63B | $36.18B | $34.54B | $34.56B | $35.84B | $35.61B | $6.85B | $7.89B | $9.10B | $8.37B |
| Total Stockholders Equity | $63.68B | $59.10B | $60.51B | $69.27B | $70.81B | $66.38B | $30.12B | $29.65B | $29.88B | $27.31B |
| Total Equity | $63.68B | $59.25B | $60.54B | $69.27B | $70.91B | $66.56B | $30.18B | $29.70B | $29.93B | $27.34B |
| Total Liabilities and Stockholders Equity | $531.18B | $535.35B | $555.25B | $541.24B | $509.23B | $473.08B | $225.70B | $221.64B | $219.28B | $209.95B |
| Minority Interest | $- | $152.00M | $23.00M | $- | $105.00M | $174.00M | $56.00M | $47.00M | $45.00M | $34.00M |
| Total Liabilities and Total Equity | $531.18B | $535.35B | $555.25B | $541.24B | $509.23B | $473.08B | $225.70B | $221.64B | $219.28B | $209.95B |
| Total Investments | $4.55B | $442.83B | $466.62B | $460.83B | $437.09B | $386.84B | $194.73B | $190.46B | $187.11B | $180.97B |
| Total Debt | $64.16B | $62.12B | $65.07B | $40.89B | $45.30B | $58.88B | $28.89B | $28.59B | $24.78B | $30.95B |
| Net Debt | $64.16B | $31.48B | $43.65B | $20.59B | $26.44B | $39.81B | $25.04B | $25.87B | $20.84B | $27.40B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $4.84B | $-1.09B | $6.27B | $6.44B | $4.49B | $3.24B | $3.26B | $2.42B | $2.44B | $2.12B |
| Depreciation and Amortization | $979.00M | $1.39B | $1.37B | $1.38B | $1.61B | $630.00M | $555.00M | $550.00M | $555.00M | $461.00M |
| Deferred Income Tax | $- | $- | $-318.00M | $-320.00M | $1.93B | $731.00M | $563.00M | $940.00M | $-6.00M | $3.00M |
| Stock Based Compensation | $- | $- | $318.00M | $320.00M | $353.00M | $165.00M | $141.00M | $132.00M | $115.00M | $106.00M |
| Change in Working Capital | $-8.15B | $271.00M | $4.99B | $655.00M | $-97.00M | $-3.27B | $35.00M | $718.00M | $-594.00M | $-506.00M |
| Accounts Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $-15.00M | $186.00M | $263.00M |
| Other Working Capital | $-8.15B | $271.00M | $4.99B | $655.00M | $-97.00M | $-3.27B | $35.00M | $733.00M | $-780.00M | $-769.00M |
| Other Non Cash Items | $4.50B | $8.06B | $-1.54B | $-584.00M | $-852.00M | $32.00M | $-202.00M | $-120.00M | $160.00M | $728.00M |
| Net Cash Provided by Operating Activities | $2.16B | $8.63B | $11.08B | $7.89B | $7.44B | $1.52B | $4.35B | $4.63B | $2.67B | $2.92B |
| Investments in Property Plant and Equipment | $- | $-17.00M | $-564.00M | $-442.00M | $-815.00M | $656.00M | $-6.27B | $- | $-2.76B | $-2.77B |
| Acquisitions Net | $12.17B | $- | $-4.67B | $-1.64B | $-2.44B | $6.26B | $-296.00M | $- | $-785.00M | $1.05B |
| Purchases of Investments | $-44.74B | $-4.23B | $-12.38B | $-70.78B | $-72.81B | $-42.65B | $-4.76B | $-16.36B | $-15.16B | $-15.26B |
| Sales Maturities of Investments | $27.64B | $13.96B | $20.75B | $34.12B | $29.90B | $44.08B | $6.50B | $12.31B | $17.52B | $15.16B |
| Other Investing Activities | $23.52B | $13.14B | $-33.11B | $6.68B | $2.51B | $6.00M | $-123.00M | $-1.26B | $495.00M | $171.00M |
| Net Cash Used for Investing Activities | $18.60B | $22.86B | $-29.97B | $-32.06B | $-43.65B | $8.35B | $-4.95B | $-5.31B | $-682.00M | $-1.64B |
| Debt Repayment | $361.00M | $-2.68B | $26.54B | $-3.23B | $-1.63B | $4.11B | $476.00M | $1.43B | $-5.55B | $-1.14B |
| Common Stock Issued | $- | $-17.38B | $- | $- | $3.45B | $1.68B | $- | $- | $- | $- |
| Common Stock Repurchased | $-1.00B | $-250.00M | $-250.00M | $-3.03B | $-500.00M | $-1.73B | $-1.21B | $-1.61B | $-520.00M | $- |
| Dividends Paid | $-3.13B | $-3.13B | $-2.99B | $-2.85B | $-2.73B | $-1.46B | $-1.38B | $-1.18B | $-1.09B | $-937.00M |
| Other Financing Activities | $-7.86B | $-16.46B | $-3.28B | $31.88B | $43.33B | $2.66B | $3.61B | $813.00M | $5.40B | $2.19B |
| Net Cash Used Provided by Financing Activities | $-11.64B | $-22.27B | $20.02B | $25.59B | $36.02B | $5.35B | $1.50B | $-549.00M | $-1.76B | $109.00M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $9.12B | $9.22B | $1.13B | $1.43B | $-197.00M | $15.22B | $904.00M | $-1.22B | $225.00M | $1.39B |
| Cash at End of Period | $39.77B | $30.64B | $21.42B | $20.30B | $18.87B | $19.07B | $3.99B | $2.71B | $3.94B | $3.71B |
| Cash at Beginning of Period | $30.64B | $21.42B | $20.30B | $18.87B | $19.07B | $3.84B | $3.08B | $3.94B | $3.71B | $2.33B |
| Operating Cash Flow | $2.16B | $8.63B | $11.08B | $7.89B | $7.44B | $1.52B | $4.35B | $4.63B | $2.67B | $2.92B |
| Capital Expenditure | $- | $-17.00M | $-564.00M | $-442.00M | $-815.00M | $656.00M | $-6.27B | $- | $-2.76B | $-2.77B |
| Free Cash Flow | $2.16B | $8.63B | $10.52B | $7.45B | $6.62B | $2.18B | $-1.92B | $4.63B | $-85.00M | $149.00M |