TFC
Income statement / Annual
Last year (2024), Truist Financial Corporation's total revenue was $24.25 B,
a decrease of 19.02% from the previous year.
In 2024, Truist Financial Corporation's net income was $4.82 B.
See Truist Financial Corporation,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
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 |
| Operating Revenue |
$24.25 B |
$29.95 B |
$22.29 B |
$23.06 B |
$24.43 B |
$14.66 B |
$13.00 B |
$12.16 B |
$11.54 B |
$10.63 B |
| Cost of Revenue |
$12.85 B
|
$12.04 B
|
$3.10 B
|
-$45.00 M
|
$4.06 B
|
$2.71 B
|
$2.00 B
|
$1.39 B
|
$1.32 B
|
$1.16 B
|
| Gross Profit |
$11.41 B
|
$17.91 B
|
$19.20 B
|
$23.11 B
|
$20.37 B
|
$11.95 B
|
$10.99 B
|
$10.77 B
|
$10.22 B
|
$9.46 B
|
| Gross Profit Ratio |
0.47
|
0.6
|
0.86
|
1
|
0.83
|
0.82
|
0.85
|
0.89
|
0.89
|
0.89
|
| 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 |
$6.51 B
|
$6.52 B
|
$6.56 B
|
$8.63 B
|
$8.15 B
|
$4.83 B
|
$4.31 B
|
$4.23 B
|
$4.03 B
|
$3.72 B
|
| Selling & Marketing Expenses |
$268.00 M
|
$260.00 M
|
$321.00 M
|
$294.00 M
|
$273.00 M
|
$137.00 M
|
$102.00 M
|
$94.00 M
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$6.77 B
|
$6.78 B
|
$6.88 B
|
$8.93 B
|
$8.42 B
|
$4.97 B
|
$4.42 B
|
$4.32 B
|
$4.03 B
|
$3.72 B
|
| Other Expenses |
$5.24 B
|
$11.90 B
|
$5.29 B
|
$6.19 B
|
$6.48 B
|
$2.96 B
|
$2.52 B
|
$3.12 B
|
$2.69 B
|
$2.82 B
|
| Operating Expenses |
$12.01 B
|
$18.68 B
|
$12.17 B
|
$15.12 B
|
$14.90 B
|
$7.93 B
|
$6.93 B
|
$7.44 B
|
$6.72 B
|
$6.55 B
|
| Cost And Expenses |
$24.85 B
|
$30.72 B
|
$15.27 B
|
$15.07 B
|
$18.95 B
|
$10.65 B
|
$8.94 B
|
$8.83 B
|
$8.04 B
|
$7.71 B
|
| Interest Income |
$25.07 B
|
$24.45 B
|
$16.63 B
|
$13.77 B
|
$15.55 B
|
$9.41 B
|
$8.12 B
|
$7.37 B
|
$7.07 B
|
$6.33 B
|
| Interest Expense |
$10.98 B
|
$9.93 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
|
| Depreciation & Amortization |
$979.00 M
|
$1.22 B
|
$1.37 B
|
$1.38 B
|
$1.61 B
|
$630.00 M
|
$555.00 M
|
$550.00 M
|
$555.00 M
|
$461.00 M
|
| EBITDA |
$378.00 M |
$450.00 M |
$8.40 B |
$9.38 B |
$7.08 B |
$4.65 B |
$4.62 B |
$3.88 B |
$4.06 B |
$3.38 B |
| EBITDA Ratio |
0.02
|
0.02
|
0.38
|
0.41
|
0.29
|
0.32
|
0.36
|
0.32
|
0.35
|
0.32
|
| Operating Income Ratio |
-0.02
|
-0.03
|
0.32
|
0.35
|
0.22
|
0.27
|
0.31
|
0.27
|
0.3
|
0.27
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
-$601.00 M
|
-$765.00 M
|
$7.03 B
|
$7.99 B
|
$5.47 B
|
$4.02 B
|
$4.06 B
|
$3.33 B
|
$3.50 B
|
$2.92 B
|
| Income Before Tax Ratio |
-0.02
|
-0.03
|
0.32
|
0.35
|
0.22
|
0.27
|
0.31
|
0.27
|
0.3
|
0.27
|
| Income Tax Expense |
-$556.00 M
|
$738.00 M
|
$1.25 B
|
$1.56 B
|
$981.00 M
|
$782.00 M
|
$803.00 M
|
$911.00 M
|
$1.06 B
|
$794.00 M
|
| Net Income |
$4.82 B
|
-$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
|
| Net Income Ratio |
0.2
|
-0.04
|
0.28
|
0.28
|
0.18
|
0.22
|
0.25
|
0.2
|
0.21
|
0.2
|
| EPS |
3.36 |
-1.09 |
4.46 |
4.51 |
3.11 |
3.76 |
3.96 |
2.78 |
2.81 |
2.59 |
| EPS Diluted |
3.36 |
-1.09 |
4.43 |
4.47 |
3.08 |
3.71 |
3.91 |
2.74 |
2.77 |
2.56 |
| Weighted Average Shares Out |
$1.33 B
|
$1.33 B
|
$1.33 B
|
$1.34 B
|
$1.35 B
|
$805.10 M
|
$772.96 M
|
$799.22 M
|
$804.68 M
|
$748.01 M
|
| Weighted Average Shares Out Diluted |
$1.33 B
|
$1.33 B
|
$1.34 B
|
$1.35 B
|
$1.36 B
|
$815.20 M
|
$783.48 M
|
$810.98 M
|
$814.92 M
|
$757.77 M
|
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