Financials

Truist Financial Corporation financials

TFC Banks

Truist Financial Corporation, established in 2019 through the merger of BB&T and SunTrust, is a major U.S. financial services provider offering retail and commercial banking, mortgage, and wealth management solutions. Led by CEO William H. Rogers III, it leverages an extensive branch network and digital platforms to serve a diverse customer base. With strong regional positioning in the Southeastern United States and ongoing investments in technology, Truist is well-positioned to capture growth in an evolving competitive landscape.

Snapshot

Truist Financial Corporation reported $20.32B in revenue in fiscal 2025, up 53.0% year over year.

Revenue (FY2025)
$20.32B
YoY growth
+53.0%
Operating margin
—
Direction
Expanding

Financial statements

In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Net Interest Income14,423,00014,091,00014,524,00014,313,000
Non-Interest Income5,896,000(813,000)5,498,0005,660,000
Total Revenues Before Provision for Credit Losses20,319,00013,278,00020,022,00019,973,000
Provision for Credit Losses1,894,0001,870,0002,109,000777,000
Total Revenues After Provision for Credit Losses18,425,00011,408,00017,913,00019,196,000
Compensation Expenses6,848,0006,587,0006,765,0006,558,000
Selling, General & Administrative Expenses3,716,0003,574,0003,435,0003,669,000
Other Non-Interest Expenses1,512,0001,848,0008,478,0001,940,000
Total Non-Interest Expense12,076,00012,009,00018,678,00012,167,000
Income Before Provision for Income Taxes6,349,000(601,000)(765,000)7,029,000
Provision for Income Taxes1,042,000(556,000)738,0001,250,000
Consolidated Net Income5,307,000(45,000)(1,503,000)5,779,000
Net Income Attributable to Preferred Dividends333,000349,000361,000333,000
Net Income Attributable to Discontinued Operations—4,863,000412,000481,000
Net Income Attributable to Common Shareholders4,974,0004,469,000(1,452,000)5,927,000
Basic EPS3.873.36-1.094.46
Diluted EPS3.823.36-1.094.43
Basic Weighted Average Shares Outstanding1,286,7901,331,0901,331,9601,328,120
Diluted Weighted Average Shares Outstanding1,302,7001,331,0901,331,9601,338,460
Shares Outstanding1,262,4701,315,9401,333,7401,326,830
In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Cash and Cash Equivalents36,377,00039,768,00030,230,00021,421,000
Securities and Investments112,228,000118,104,000121,473,000129,514,000
Short-Term Interbank Lending and Reverse Repurchase Agreements3,200,0002,550,0002,378,0003,181,000
Trading Assets5,790,0005,100,0004,332,0004,905,000
Gross Loans330,478,000307,771,000313,341,000327,435,000
Allowance for Loan Losses(5,030,000)(4,857,000)(4,798,000)(4,377,000)
Net Loans323,565,000301,526,000307,263,000321,614,000
Net Property, Plant & Equipment3,172,0003,225,0003,298,0003,605,000
Net Intangible Assets5,228,0005,258,0005,287,0007,430,000
Goodwill17,125,00017,125,00017,156,00027,013,000
Other Non-Earning Assets38,970,00037,132,00042,652,00035,128,000
Total Assets547,538,000531,176,000535,349,000555,255,000
Interest-bearing deposits295,306,000283,073,000284,241,000277,753,000
Noninterest-bearing deposits105,092,000107,451,000111,624,000135,742,000
Total Deposits400,398,000390,524,000395,865,000413,495,000
Short-Term Borrowings27,839,00029,205,00024,828,00023,422,000
Long-Term Debt41,963,00034,956,00038,918,00043,203,000
Other Liabilities12,149,00012,812,00016,485,00014,598,000
Total Liabilities482,349,000467,497,000476,096,000494,718,000
Preferred Stock4,916,0005,907,0006,673,0006,673,000
Common Stock6,312,0006,580,0006,669,0006,634,000
Additional Paid-in Capital33,663,00035,628,00036,177,00034,544,000
Accumulated Other Comprehensive Income(5,769,000)(8,213,000)(12,506,000)(13,601,000)
Retained Earnings26,067,00023,777,00022,088,00026,264,000
Total Common Shareholders' Equity65,189,00063,679,00059,101,00060,514,000
Minority Interests and Other——152,00023,000
Total Shareholders' Equity65,189,00063,679,00059,253,00060,537,000
Total Liabilities and Shareholders' Equity547,538,000531,176,000535,349,000555,255,000
In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Net Income5,307,0004,840,000(1,047,000)6,267,000
Depreciation & Amortization837,000979,0001,215,0001,366,000
Provision for Credit Losses1,894,0001,870,0002,109,000777,000
Net Change in Loans Held-for-Sale(389,000)(381,000)213,0002,479,000
Other Adjustments551,0002,629,0006,083,000(2,314,000)
Changes in Trading Assets(690,000)(768,000)573,000(482,000)
Changes in Other Operating Activities(1,771,000)(7,005,000)(515,000)2,988,000
Cash from Operating Activities5,739,0002,164,0008,631,00011,081,000
Net Change in Short-Term Interbank Lending and Reverse Repurchase Agreements(650,000)(172,000)803,000847,000
Net Change in Loans Held-for-Investment(24,057,000)4,178,00012,202,000(32,840,000)
Net Change in Securities and Investments8,449,0001,583,0009,734,0008,376,000
Payments for Business Acquisitions—12,174,000(17,000)(4,673,000)
Other Investing Activities(1,505,000)835,000136,000(1,682,000)
Cash from Investing Activities(17,763,000)18,598,00022,858,000(29,972,000)
Net Change in Deposits9,874,000(6,883,000)(17,630,000)(2,986,000)
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements(1,345,000)4,359,0001,397,00018,060,000
Issuance of Long-Term Debt69,755,00022,799,00050,943,00015,777,000
Repayments of Long-Term Debt(63,084,000)(26,797,000)(55,018,000)(7,297,000)
Net Issuance / (Repayments) of Long-Term Debt6,671,000(3,998,000)(4,075,000)8,480,000
Repurchases of Common Shares(2,500,000)(1,000,000)—(250,000)
Net Issuance / (Repurchases) of Common Shares(2,500,000)(1,000,000)—(250,000)
Repurchases of Preferred Shares(1,000,000)(750,000)——
Net Issuance / (Repurchases) of Preferred Shares(1,000,000)(750,000)——
Common Share Dividends Paid(2,672,000)(2,770,000)(2,770,000)(2,656,000)
Preferred Share Dividends Paid(324,000)(365,000)(361,000)(333,000)
Other Financing Activities(71,000)(231,000)1,173,000(298,000)
Cash from Financing Activities8,633,000(11,638,000)(22,266,000)20,017,000
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash(3,391,000)9,124,0009,223,0001,126,000

Key metrics

$62.13B
Market Cap
12.88x
P/E
3.37x
P/S
8.2%
Return on Equity
4.2%
Dividend Yield
31.1%
Free Cash Flow Margin

Quarterly trend

QuarterRevenueYoY growthOperating marginOperating income
Q1 2026$5.15B+5.2%——
Q4 2025$4.93B+8.6%——
Q3 2025$5.19B+2.0%——
Q2 2025$4.99B+-395.8%——
Q1 2025$4.90B———
Q4 2024$4.54B———
Q3 2024$5.08B———
Q2 2024$-1.69B———

Margins

—
Gross margin
—
Operating margin
26.1%
Net margin
SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated

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