Truist Financial Corporation (TFC)
NYSE: TFC · Real-Time Price · USD
42.82
-0.23 (-0.53%)
Nov 1, 2024, 4:00 PM EDT - Market closed

Truist Financial Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTM FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 2018 - 2014
Period Ending
Sep '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 2018 - 2014
Interest Income on Loans
19,56719,51813,25211,48113,4857,982
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Interest Income on Investments
5,5904,9383,3852,2932,0631,427
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Total Interest Income
25,15724,45616,63713,77415,5489,409
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Interest Paid on Deposits
7,8396,3551,1451487851,101
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Interest Paid on Borrowings
3,2223,5011,176620937995
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Total Interest Expense
11,0619,8562,3217681,7222,096
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Net Interest Income
14,09614,60014,31613,00613,8267,313
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Net Interest Income Growth (YoY)
-6.12%1.98%10.07%-5.93%89.06%9.44%
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Trust Income
1,4131,3581,3381,3921,277715
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Mortgage Banking Activities
4094374607341,185285
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Gain (Loss) on Sale of Investments
-6,650-3-402-69
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Other Non-Interest Income
6,2976,1265,8926,1044,9953,460
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Total Non-Interest Income
2,3728,7908,7199,2908,8795,255
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Non-Interest Income Growth (YoY)
-66.76%0.81%-6.15%4.63%68.96%7.77%
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Revenues Before Loan Losses
16,46823,39023,03522,29622,70512,568
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Provision for Loan Losses
1,9712,109777-8132,335615
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Revenue
14,49721,28122,25823,10920,37011,953
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Revenue Growth (YoY)
-28.04%-4.39%-3.68%13.45%70.42%8.74%
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Salaries and Employee Benefits
8,2118,3348,1498,3127,7934,668
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Occupancy Expenses
519566600635802434
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Federal Deposit Insurance
88782418313712581
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Amortization of Goodwill & Intangibles
491527583574685164
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Selling, General & Administrative
3,6443,6203,8193,8333,5841,562
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Other Non-Interest Expense
1,1701,1427818031,048665
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Total Non-Interest Expense
14,92215,01314,11514,29414,0377,574
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EBT Excluding Unusual Items
-4256,2688,1438,8156,3334,379
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Other Unusual Items
--39---
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Pretax Income
-6,822-1857,6697,9935,4734,019
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Income Tax Expense
-7538621,4021,556981782
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Earnings From Continuing Operations
-6,069-1,0476,2676,4374,4923,237
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Minority Interest in Earnings
-44-44-73-10-13
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Net Income
-1,548-1,0916,2606,4404,4823,224
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Preferred Dividends & Other Adjustments
366361333407298196
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Net Income to Common
-1,914-1,4525,9276,0334,1843,028
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Net Income Growth
---2.80%43.69%39.02%-0.40%
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Basic Shares Outstanding
1,3351,3321,3281,3371,347805
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Diluted Shares Outstanding
1,3351,3321,3381,3491,358815
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Shares Change (YoY)
-0.24%-0.49%-0.81%-0.66%66.62%4.05%
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EPS (Basic)
-1.43-1.094.464.513.113.76
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EPS (Diluted)
-1.43-1.094.434.473.083.71
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EPS Growth
---0.89%45.13%-16.98%-5.12%
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Dividend Per Share
2.0802.0802.0001.8601.8001.710
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Dividend Growth
0%4.00%7.53%3.33%5.26%12.87%
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Effective Tax Rate
--18.28%19.47%17.92%19.46%
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Source: S&P Capital IQ. Banks template. Financial Sources.