TFC
Income statement / Annual
Last year (2023), Truist Financial Corporation's total revenue was $21.28 B,
a decrease of 4.39% from the previous year.
In 2023, Truist Financial Corporation's net income was -$1.09 B.
See Truist Financial Corporation,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$21.28 B
|
$22.26 B
|
$23.11 B
|
$20.37 B
|
$11.95 B
|
$10.99 B
|
$10.77 B
|
$10.22 B
|
$9.18 B
|
$8.98 B
|
| Cost of Revenue |
-$2.11 B |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$23.39 B |
$22.26 B |
$23.11 B |
$20.37 B |
$11.95 B |
$10.99 B |
$10.77 B |
$10.22 B |
$9.18 B |
$8.98 B |
| Gross Profit Ratio |
1.1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$8.65 B
|
$2.34 B
|
$2.39 B
|
$2.11 B
|
$771.00 M
|
$637.00 M
|
$611.00 M
|
$512.00 M
|
$457.00 M
|
$428.00 M
|
| Selling & Marketing
Expenses |
$297.00 M
|
$352.00 M
|
$294.00 M
|
$273.00 M
|
$137.00 M
|
$102.00 M
|
$94.00 M
|
$4.82 B
|
$4.18 B
|
$3.86 B
|
| Selling, General &
Administrative Expenses |
$8.95 B
|
$12.57 B
|
$12.78 B
|
$12.18 B
|
$6.66 B
|
$5.93 B
|
$5.84 B
|
$5.33 B
|
$4.63 B
|
$4.29 B
|
| Other Expenses |
$14.44 B |
-$4.20 B |
-$4.20 B |
-$4.01 B |
-$1.82 B |
-$1.72 B |
-$1.79 B |
-$1.80 B |
$0.00 |
$0.00 |
| Operating Expenses |
$23.39 B |
$14.59 B |
$15.12 B |
$14.90 B |
$7.93 B |
$6.93 B |
$7.44 B |
$6.72 B |
$6.27 B |
$5.85 B |
| Cost And Expenses |
$23.39 B |
$14.59 B |
$15.12 B |
$14.90 B |
$7.93 B |
$6.93 B |
$7.44 B |
$6.72 B |
$6.27 B |
$5.85 B |
| Interest Income |
$24.46 B |
$16.64 B |
$13.77 B |
$15.55 B |
$9.41 B |
$8.12 B |
$7.37 B |
$7.07 B |
$6.33 B |
$6.14 B |
| Interest Expense |
$9.86 B |
$2.32 B |
$768.00 M |
$1.72 B |
$2.10 B |
$1.44 B |
$839.00 M |
$745.00 M |
$735.00 M |
$768.00 M |
| Depreciation &
Amortization |
$1.22 B
|
$1.55 B
|
$1.38 B
|
$1.61 B
|
$630.00 M
|
$555.00 M
|
$550.00 M
|
$555.00 M
|
-$3.46 B
|
-$3.49 B
|
| EBITDA |
$0.00
|
$9.04 B
|
$9.38 B
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$4.06 B
|
$0.00
|
$3.55 B
|
| EBITDA Ratio |
0 |
-0.07 |
-0.08 |
-0.1 |
-0.07 |
-0.06 |
-0.09 |
-0.06 |
-0.08 |
-0.07 |
| Operating Income Ratio
|
0
|
0.4
|
0.41
|
0.35
|
0.39
|
0.41
|
0.38
|
0.39
|
0.38
|
0.39
|
| Total Other
Income/Expenses Net |
-$185.00 M
|
-$2.02 B
|
-$2.34 B
|
-$2.72 B
|
-$1.27 B
|
-$1.00 B
|
$3.18 B
|
-$1.39 B
|
$2.79 B
|
-$1.56 B
|
| Income Before Tax |
-$185.00 M |
$7.67 B |
$7.99 B |
$5.47 B |
$4.02 B |
$4.06 B |
$3.33 B |
$3.50 B |
$2.92 B |
$3.13 B |
| Income Before Tax Ratio
|
-0.01
|
0.34
|
0.35
|
0.27
|
0.34
|
0.37
|
0.31
|
0.34
|
0.32
|
0.35
|
| Income Tax Expense |
$862.00 M |
$1.40 B |
$1.56 B |
$981.00 M |
$782.00 M |
$803.00 M |
$911.00 M |
$1.06 B |
$794.00 M |
$921.00 M |
| Net Income |
-$1.09 B |
$6.26 B |
$6.44 B |
$4.48 B |
$3.22 B |
$3.24 B |
$2.39 B |
$2.43 B |
$2.08 B |
$2.15 B |
| Net Income Ratio |
-0.05 |
0.28 |
0.28 |
0.22 |
0.27 |
0.29 |
0.22 |
0.24 |
0.23 |
0.24 |
| EPS |
-1.09 |
4.46 |
4.51 |
3.11 |
3.76 |
4.19 |
2.78 |
2.81 |
2.59 |
2.76 |
| EPS Diluted |
-1.09 |
4.43 |
4.47 |
3.08 |
3.71 |
4.13 |
2.74 |
2.77 |
2.56 |
2.72 |
| Weighted Average Shares
Out |
$1.33 B
|
$1.33 B
|
$1.34 B
|
$1.35 B
|
$805.10 M
|
$772.96 M
|
$810.22 M
|
$814.92 M
|
$756.25 M
|
$728.37 M
|
| Weighted Average Shares
Out Diluted |
$1.33 B
|
$1.34 B
|
$1.35 B
|
$1.36 B
|
$815.20 M
|
$783.48 M
|
$810.98 M
|
$815.52 M
|
$757.77 M
|
$729.04 M
|
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