Truist Financial Corporation (TFC)

Truist Financial Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	39,640	30,644	21,421	20,295	18,868	19,065
Investment Securities	25,912	21,484	21,939	23,344	12,674	12,464
Trading Asset Securities	6,550	5,283	5,589	6,793	7,709	7,786
Mortgage-Backed Securities	101,332	110,625	118,479	142,676	116,598	69,945
Total Investments	133,794	137,392	146,007	172,813	136,981	90,195
Gross Loans	303,084	312,061	325,991	289,513	299,734	299,842
Allowance for Loan Losses	-4,842	-4,798	-4,377	-4,435	-5,835	-1,549
Net Loans	298,242	307,263	321,614	285,078	293,899	298,293
Property, Plant & Equipment	5,643	6,086	6,880	6,960	7,013	7,432
Goodwill	17,125	20,901	27,013	26,098	24,447	24,154
Other Intangible Assets	1,635	3,160	3,672	3,408	2,984	3,142
Loans Held for Sale	1,278	1,280	1,444	4,812	6,059	8,373
Investments in Real Estate	-	-	-	-	-	987
Accrued Interest Receivable	2,114	2,345	2,265	1,791	1,934	1,807
Other Receivables	1,600	2,723	2,682	2,244	1,833	2,418
Other Current Assets	1,026	1,130	1,162	1,152	1,247	1,254
Long-Term Deferred Tax Assets	1,393	3,037	3,027	-	-	-
Other Real Estate Owned & Foreclosed	-	57	62	51	52	123
Other Long-Term Assets	19,164	18,133	16,727	16,491	13,911	15,071
Total Assets	523,434	535,349	555,255	541,241	509,228	473,078
Interest Bearing Deposits	281,794	273,819	269,548	268,409	250,152	232,960
Institutional Deposits	-	10,422	8,205	2,187	3,296	9,362
Non-Interest Bearing Deposits	105,984	111,624	135,742	145,892	127,629	92,405
Total Deposits	387,778	395,865	413,495	416,488	381,077	334,727
Short-Term Borrowings	22,771	27,425	26,393	5,878	6,647	18,584
Current Portion of Leases	-	301	-	-	-	390
Long-Term Debt	35,003	34,705	32,378	35,024	38,677	37,075
Federal Home Loan Bank Debt, Long-Term	1,750	4,201	10,802	863	878	4,141
Long-Term Leases	1,237	1,119	1,568	1,626	1,938	1,854
Pension & Post-Retirement Benefits	-	659	655	740	661	557
Long-Term Deferred Tax Liabilities	-	-	-	230	573	1,012
Other Long-Term Liabilities	9,199	11,821	9,427	11,121	7,865	8,180
Total Liabilities	457,738	476,096	494,718	471,970	438,316	406,520
Preferred Stock, Redeemable	6,673	6,673	6,673	6,673	8,048	5,102
Common Stock	6,638	6,669	6,634	6,639	6,745	6,711
Additional Paid-In Capital	36,020	36,177	34,544	34,565	35,843	35,609
Retained Earnings	23,248	22,088	26,264	22,998	19,455	19,806
Comprehensive Income & Other	-6,883	-12,506	-13,601	-1,604	716	-844
Total Common Equity	59,023	52,428	53,841	62,598	62,759	61,282
Minority Interest	-	152	23	-	105	174
Shareholders' Equity	65,696	59,253	60,537	69,271	70,912	66,558
Total Liabilities & Equity	523,434	535,349	555,255	541,241	509,228	473,078
Total Debt	60,761	67,751	71,141	43,391	48,140	62,044
Net Cash (Debt)	-11,598	-29,446	-40,950	-12,275	-19,818	-33,776
Net Cash Per Share	-8.69	-22.11	-30.59	-9.10	-14.59	-41.43
Filing Date Shares Outstanding	1,328	1,335	1,328	1,328	1,347	1,343
Total Common Shares Outstanding	1,328	1,334	1,327	1,328	1,349	1,342
Book Value Per Share	44.46	39.31	40.58	47.14	46.52	45.66
Tangible Book Value	40,263	28,367	23,156	33,092	35,328	33,986
Tangible Book Value Per Share	30.33	21.27	17.45	24.92	26.19	25.32

Source: S&P Capital IQ. Banks template. Financial Sources.