Truist Financial Corporation (TFC)
NYSE: TFC · Real-Time Price · USD
39.91
-0.46 (-1.14%)
At close: Mar 11, 2025, 4:00 PM
40.25
+0.34 (0.85%)
After-hours: Mar 11, 2025, 7:55 PM EST
Truist Financial Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2019 - 2015 |
|---|---|---|---|---|---|---|
Period Ending | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2019 - 2015 |
| Interest Income on Loans | 19,230 | 19,518 | 13,252 | 11,481 | 13,485 | Upgrade
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| Interest Income on Investments | 5,836 | 4,934 | 3,382 | 2,293 | 2,063 | Upgrade
|
| Total Interest Income | 25,066 | 24,452 | 16,634 | 13,774 | 15,548 | Upgrade
|
| Interest Paid on Deposits | 7,849 | 6,427 | 1,145 | 148 | 785 | Upgrade
|
| Interest Paid on Borrowings | 3,126 | 3,501 | 1,176 | 620 | 937 | Upgrade
|
| Total Interest Expense | 10,975 | 9,928 | 2,321 | 768 | 1,722 | Upgrade
|
| Net Interest Income | 14,091 | 14,524 | 14,313 | 13,006 | 13,826 | Upgrade
|
| Net Interest Income Growth (YoY) | -2.98% | 1.47% | 10.05% | -5.93% | 89.06% | Upgrade
|
| Trust Income | 1,412 | 1,358 | 1,338 | 1,392 | 1,277 | Upgrade
|
| Mortgage Banking Activities | 432 | 437 | 460 | 734 | 1,185 | Upgrade
|
| Gain (Loss) on Sale of Investments | -6,651 | - | -71 | - | 402 | Upgrade
|
| Other Non-Interest Income | 3,079 | 2,830 | 2,905 | 6,104 | 4,995 | Upgrade
|
| Total Non-Interest Income | -813 | 5,498 | 5,660 | 9,290 | 8,879 | Upgrade
|
| Non-Interest Income Growth (YoY) | - | -2.86% | -39.07% | 4.63% | 68.96% | Upgrade
|
| Revenues Before Loan Losses | 13,278 | 20,022 | 19,973 | 22,296 | 22,705 | Upgrade
|
| Provision for Loan Losses | 1,870 | 2,109 | 777 | -813 | 2,335 | Upgrade
|
| Revenue | 11,408 | 17,913 | 19,196 | 23,109 | 20,370 | Upgrade
|
| Revenue Growth (YoY) | -36.31% | -6.68% | -16.93% | 13.45% | 70.42% | Upgrade
|
| Salaries and Employee Benefits | 6,214 | 6,218 | 6,297 | 8,312 | 7,793 | Upgrade
|
| Occupancy Expenses | 520 | 548 | 579 | 635 | 802 | Upgrade
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| Federal Deposit Insurance | 344 | 824 | 183 | 137 | 125 | Upgrade
|
| Amortization of Goodwill & Intangibles | 345 | 395 | 455 | 574 | 685 | Upgrade
|
| Selling, General & Administrative | 3,446 | 3,284 | 3,535 | 3,833 | 3,584 | Upgrade
|
| Other Non-Interest Expense | 1,020 | 1,011 | 652 | 803 | 1,048 | Upgrade
|
| Total Non-Interest Expense | 11,889 | 12,280 | 11,701 | 14,294 | 14,037 | Upgrade
|
| EBT Excluding Unusual Items | -481 | 5,633 | 7,495 | 8,815 | 6,333 | Upgrade
|
| Pretax Income | -601 | -765 | 7,029 | 7,993 | 5,473 | Upgrade
|
| Income Tax Expense | -556 | 738 | 1,250 | 1,556 | 981 | Upgrade
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| Earnings From Continuing Operations | -45 | -1,503 | 5,779 | 6,437 | 4,492 | Upgrade
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| Earnings From Discontinued Operations | 4,863 | 412 | 481 | - | - | Upgrade
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| Minority Interest in Earnings | - | - | - | 3 | -10 | Upgrade
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| Net Income | 4,818 | -1,091 | 6,260 | 6,440 | 4,482 | Upgrade
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| Preferred Dividends & Other Adjustments | 349 | 361 | 333 | 407 | 298 | Upgrade
|
| Net Income to Common | 4,469 | -1,452 | 5,927 | 6,033 | 4,184 | Upgrade
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| Net Income Growth | - | - | -2.80% | 43.69% | 39.02% | Upgrade
|
| Basic Shares Outstanding | 1,331 | 1,332 | 1,328 | 1,337 | 1,347 | Upgrade
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| Diluted Shares Outstanding | 1,331 | 1,332 | 1,338 | 1,349 | 1,358 | Upgrade
|
| Shares Change (YoY) | -0.07% | -0.49% | -0.81% | -0.66% | 66.62% | Upgrade
|
| EPS (Basic) | 3.36 | -1.09 | 4.46 | 4.51 | 3.11 | Upgrade
|
| EPS (Diluted) | 3.35 | -1.09 | 4.43 | 4.47 | 3.08 | Upgrade
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| EPS Growth | - | - | -0.91% | 45.13% | -16.98% | Upgrade
|
| Dividend Per Share | 2.080 | 2.080 | 2.000 | 1.860 | 1.800 | Upgrade
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| Dividend Growth | 0% | 4.00% | 7.53% | 3.33% | 5.26% | Upgrade
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| Effective Tax Rate | - | - | 17.78% | 19.47% | 17.92% | Upgrade
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Source: S&P Capital IQ. Banks template. Financial Sources.