TFC
Income statement / Annual
Last year (2024), Truist Financial Corporation's total revenue was $13.28 B,
a decrease of 33.68% 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 |
$13.28 B |
$20.02 B |
$19.97 B |
$22.30 B |
$22.71 B |
$12.57 B |
$11.56 B |
$11.32 B |
$10.79 B |
$9.89 B |
| Cost of Revenue |
$24.25 B
|
$0.00
|
-$3.06 B
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Gross Profit |
-$10.98 B
|
$20.02 B
|
$23.04 B
|
$22.30 B
|
$22.71 B
|
$12.57 B
|
$11.56 B
|
$11.32 B
|
$10.79 B
|
$9.89 B
|
| Gross Profit Ratio |
-0.83
|
1
|
1.15
|
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 |
$1.34 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
|
$297.00 M
|
$352.00 M
|
$294.00 M
|
$273.00 M
|
$137.00 M
|
$102.00 M
|
$94.00 M
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$1.61 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 |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$8.81 B
|
$3.58 B
|
$3.08 B
|
$0.00
|
$0.00
|
$0.00
|
| Operating Expenses |
$1.61 B
|
$12.52 B
|
$12.57 B
|
$12.78 B
|
$17.23 B
|
$8.55 B
|
$7.50 B
|
$5.84 B
|
$5.33 B
|
$4.63 B
|
| Cost And Expenses |
$25.86 B
|
$12.52 B
|
$15.37 B
|
$14.30 B
|
$17.23 B
|
$8.55 B
|
$7.50 B
|
$7.99 B
|
$7.29 B
|
$6.97 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
|
$9.86 B
|
$2.32 B
|
$258.00 M
|
$1.72 B
|
$2.10 B
|
$1.44 B
|
$839.00 M
|
$745.00 M
|
$735.00 M
|
| Depreciation & Amortization |
$0.00
|
$1.22 B
|
$0.00
|
$0.00
|
$1.61 B
|
$630.00 M
|
$555.00 M
|
$550.00 M
|
$555.00 M
|
$461.00 M
|
| EBITDA |
-$481.00 M |
$0.00 |
$0.00 |
$0.00 |
$7.08 B |
$4.38 B |
$4.21 B |
$3.83 B |
$3.67 B |
$3.28 B |
| EBITDA Ratio |
-0.04
|
0
|
0
|
0
|
0.31
|
0.35
|
0.36
|
0.34
|
0.34
|
0.33
|
| Operating Income Ratio |
-0.04
|
-0.01
|
0.38
|
0.36
|
0.24
|
0.32
|
0.35
|
0.29
|
0.34
|
0.29
|
| Total Other Income/Expenses Net |
-$120.00 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
-$170.00 M
|
$0.00
|
| Income Before Tax |
-$601.00 M
|
-$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
|
| Income Before Tax Ratio |
-0.05
|
-0.01
|
0.38
|
0.36
|
0.24
|
0.32
|
0.35
|
0.29
|
0.32
|
0.29
|
| Income Tax Expense |
-$556.00 M
|
$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
|
| 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 |
0.36
|
-0.05
|
0.31
|
0.29
|
0.2
|
0.26
|
0.28
|
0.21
|
0.22
|
0.21
|
| 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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