NYSE : TFC
Truist Financial Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 48.79 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 58.47B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 18.73B | 18.74B | 19.23B | 19.52B | 13.25B | 11.48B |
| Interest Income on Investments | 5.24B | 5.80B | 5.84B | 4.93B | 3.38B | 2.29B |
| Total Interest Income | 23.97B | 24.54B | 25.07B | 24.45B | 16.63B | 13.77B |
| Interest Paid on Deposits | 6.38B | 7.05B | 7.85B | 6.43B | 1.15B | 148.00M |
| Interest Paid on Borrowings | 3.00B | 3.07B | 3.13B | 3.50B | 1.18B | 620.00M |
| Total Interest Expense | 9.38B | 10.12B | 10.97B | 9.93B | 2.32B | 768.00M |
| Net Interest Income | 14.58B | 14.42B | 14.09B | 14.52B | 14.31B | 13.01B |
| Trust Income | 1.52B | 1.43B | 1.41B | 1.36B | 1.34B | 1.39B |
| Mortgage Banking Activities | 481.00M | 452.00M | 432.00M | 437.00M | 460.00M | 734.00M |
| Gain (Loss) on Sale of Investments | -1.45B | -19.00M | -6.65B | -71.00M | ||
| Other Non-Interest Income | 4.28B | 4.03B | 3.99B | 3.70B | 2.90B | 6.10B |
| Total Non-Interest Income | 4.83B | 5.90B | -813.00M | 5.50B | 5.66B | 9.29B |
| Revenues Before Loan Losses | 19.41B | 20.32B | 13.28B | 20.02B | 19.97B | 22.30B |
| Provision for Loan Losses | 1.13B | 1.89B | 1.87B | 2.11B | 777.00M | -813.00M |
| Revenue | 18.28B | 18.43B | 11.41B | 17.91B | 19.20B | 23.11B |
| Salaries and Employee Benefits | 6.87B | 6.53B | 6.29B | 6.47B | 6.30B | 8.31B |
| Occupancy Expenses | 420.00M | 431.00M | 415.00M | 447.00M | 579.00M | 635.00M |
| Federal Deposit Insurance | 197.00M | 163.00M | 344.00M | 824.00M | 183.00M | 137.00M |
| Amortization of Goodwill & Intangibles | 259.00M | 290.00M | 345.00M | 395.00M | 455.00M | 574.00M |
| Selling, General & Administrative | 3.56B | 3.60B | 3.45B | 3.29B | 3.54B | 3.83B |
| Other Non-Interest Expense | 999.00M | 1.06B | 1.16B | 1.18B | 652.00M | 803.00M |
| Total Non-Interest Expense | 12.31B | 12.08B | 12.01B | 12.60B | 11.70B | 14.29B |
| EBT Excluding Unusual Items | 5.96B | 6.35B | -601.00M | 5.31B | 7.50B | 8.81B |
| Pretax Income | 5.96B | 6.35B | -601.00M | -765.00M | 7.03B | 7.99B |
| Income Tax Expense | 777.00M | 1.04B | -556.00M | 738.00M | 1.25B | 1.56B |
| Earnings From Continuing Operations | 5.19B | 5.31B | -45.00M | -1.50B | 5.78B | 6.44B |
| Earnings From Discontinued Operations | 4.86B | 412.00M | 481.00M | |||
| Minority Interest in Earnings | 3.00M | |||||
| Net Income | 5.19B | 5.31B | 4.82B | -1.09B | 6.26B | 6.44B |
| Preferred Dividends & Other Adjustments | 318.00M | 333.00M | 349.00M | 361.00M | 333.00M | 407.00M |
| Net Income to Common | 4.87B | 4.97B | 4.47B | -1.45B | 5.93B | 6.03B |
| Basic Shares Outstanding | 1.24B | 1.29B | 1.33B | 1.33B | 1.33B | 1.34B |
| Diluted Shares Outstanding | 1.25B | 1.30B | 1.33B | 1.33B | 1.34B | 1.35B |
| EPS (Basic) | 3.93 | 3.87 | 3.36 | -1.09 | 4.46 | 4.51 |
| EPS (Diluted) | 3.88 | 3.82 | 3.35 | -1.09 | 4.43 | 4.47 |
| Dividend Per Share | 2.08 | 2.08 | 2.08 | 2.08 | 2.00 | 1.86 |
| Effective Tax Rate | 13.03% | 16.41% | 17.78% | 19.47% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 45.47B | 36.38B | 39.77B | 30.23B | 21.42B | 20.30B |
| Investment Securities | 32.74B | 26.70B | 27.07B | 21.12B | 21.94B | 23.34B |
| Trading Asset Securities | 7.17B | 7.13B | 6.07B | 5.28B | 5.59B | 6.79B |
| Mortgage-Backed Securities | 92.06B | 98.61B | 102.89B | 110.62B | 118.48B | 142.68B |
| Total Investments | 131.97B | 132.44B | 136.02B | 137.03B | 146.01B | 172.81B |
| Gross Loans | 323.93B | 328.60B | 306.38B | 312.06B | 325.99B | 289.51B |
| Allowance for Loan Losses | -4.06B | -5.03B | -4.86B | -4.80B | -4.38B | -4.43B |
| Net Loans | 319.87B | 323.56B | 301.53B | 307.26B | 321.61B | 285.08B |
| Property, Plant & Equipment | 5.09B | 5.58B | 5.59B | 6.00B | 6.88B | 6.96B |
| Goodwill | 17.12B | 17.12B | 17.12B | 17.16B | 27.01B | 26.10B |
| Other Intangible Assets | 1.07B | 1.26B | 1.55B | 1.91B | 3.67B | 3.41B |
| Loans Held for Sale | 1.56B | 1.88B | 1.39B | 1.28B | 1.44B | 4.81B |
| Accrued Interest Receivable | 1.94B | 2.03B | 2.07B | 2.08B | 2.27B | 1.79B |
| Other Receivables | 1.75B | 1.62B | 1.90B | 997.00M | 2.68B | 2.24B |
| Other Current Assets | 1.19B | 1.07B | 1.06B | 8.74B | 1.16B | 1.15B |
| Long-Term Deferred Tax Assets | 2.79B | 1.51B | 1.95B | 3.04B | 3.03B | |
| Other Real Estate Owned & Foreclosed | 30.00M | 57.00M | 62.00M | 51.00M | ||
| Other Long-Term Assets | 22.94B | 21.56B | 20.26B | 18.36B | 16.73B | 16.49B |
| Total Assets | 554.20B | 547.54B | 531.18B | 535.35B | 555.25B | 541.24B |
| Interest Bearing Deposits | 309.91B | 284.30B | 273.03B | 276.04B | 269.55B | 268.41B |
| Institutional Deposits | 11.01B | 10.04B | 8.21B | 8.21B | 2.19B | |
| Non-Interest Bearing Deposits | 103.33B | 105.09B | 107.45B | 111.62B | 135.74B | 145.89B |
| Total Deposits | 413.23B | 400.40B | 390.52B | 395.87B | 413.50B | 416.49B |
| Short-Term Borrowings | 15.74B | 29.64B | 31.49B | 27.43B | 26.39B | 5.88B |
| Current Portion of Long-Term Debt | 4.83B | 4.48B | 1.74B | 4.17B | ||
| Current Portion of Leases | 270.00M | |||||
| Other Current Liabilities | 3.54B | |||||
| Long-Term Debt | 27.44B | 28.02B | 30.79B | 30.54B | 32.38B | 35.02B |
| Federal Home Loan Bank Debt, Long-Term | 21.10B | 9.45B | 2.40B | 4.20B | 10.80B | 863.00M |
| Long-Term Leases | 1.17B | 1.02B | 1.32B | 1.40B | 1.57B | 1.63B |
| Pension & Post-Retirement Benefits | 629.00M | 565.00M | 659.00M | 655.00M | 740.00M | |
| Long-Term Deferred Tax Liabilities | 230.00M | |||||
| Other Long-Term Liabilities | 9.21B | 8.45B | 8.66B | 8.30B | 9.43B | 11.12B |
| Total Liabilities | 492.72B | 482.35B | 467.50B | 476.10B | 494.72B | 471.97B |
| Preferred Stock, Redeemable | 5.41B | 4.92B | 5.91B | 6.67B | 6.67B | 6.67B |
| Common Stock | 5.99B | 6.31B | 6.58B | 6.67B | 6.63B | 6.64B |
| Additional Paid-In Capital | 30.61B | 33.66B | 35.63B | 36.18B | 34.54B | 34.56B |
| Retained Earnings | 27.73B | 26.07B | 23.78B | 22.09B | 26.26B | 23.00B |
| Comprehensive Income & Other | -8.27B | -5.77B | -8.21B | -12.51B | -13.60B | -1.60B |
| Total Common Equity | 56.06B | 60.27B | 57.77B | 52.43B | 53.84B | 62.60B |
| Minority Interest | 152.00M | 23.00M | ||||
| Shareholders' Equity | 61.47B | 65.19B | 63.68B | 59.25B | 60.54B | 69.27B |
| Total Liabilities & Equity | 554.20B | 547.54B | 531.18B | 535.35B | 555.25B | 541.24B |
| Total Debt | 70.29B | 72.88B | 67.75B | 67.73B | 71.14B | 43.39B |
| Net Cash (Debt) | -13.74B | -26.16B | -19.36B | -29.84B | -40.95B | -12.28B |
| Net Cash Per Share | -10.95 | -20.09 | -14.55 | -22.40 | -30.59 | -9.10 |
| Filing Date Shares Outstanding | 1.20B | 1.25B | 1.31B | 1.33B | 1.33B | 1.33B |
| Total Common Shares Outstanding | 1.20B | 1.26B | 1.32B | 1.33B | 1.33B | 1.33B |
| Book Value Per Share | 46.78 | 47.74 | 43.90 | 39.31 | 40.58 | 47.14 |
| Tangible Book Value | 37.87B | 41.89B | 39.10B | 33.36B | 23.16B | 33.09B |
| Tangible Book Value Per Share | 31.60 | 33.18 | 29.71 | 25.01 | 17.45 | 24.92 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 5.19B | 5.31B | 4.82B | -1.09B | 6.26B | 6.44B |
| Depreciation & Amortization | 768.00M | 837.00M | 958.00M | 1.08B | 1.24B | 1.38B |
| Gain (Loss) on Sale of Assets | -4.84B | |||||
| Gain (Loss) on Sale of Investments | 1.45B | 19.00M | 6.65B | 71.00M | ||
| Total Asset Writedown | 6.08B | |||||
| Provision for Credit Losses | 1.13B | 1.89B | 1.87B | 2.11B | 777.00M | -813.00M |
| Change in Trading Asset Securities | 1.93B | -1.48B | -1.35B | 982.00M | 3.35B | 745.00M |
| Change in Other Net Operating Assets | -2.46B | -1.37B | -6.80B | -711.00M | 1.63B | -90.00M |
| Other Operating Activities | -1.95B | 532.00M | 841.00M | 49.00M | -2.38B | 226.00M |
| Net Cash from Discontinued Operations | 21.00M | 132.00M | 128.00M | |||
| Operating Cash Flow | 6.06B | 5.74B | 2.16B | 8.63B | 11.08B | 7.89B |
| Capital Expenditures | -17.00M | -4.67B | -1.64B | |||
| Investment in Securities | 949.00M | 8.45B | 1.58B | 9.73B | 8.38B | -36.66B |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -2.48B | -24.06B | 4.18B | 12.20B | -32.84B | 9.79B |
| Other Investing Activities | -2.30B | -2.15B | 12.84B | 939.00M | -835.00M | -3.55B |
| Investing Cash Flow | -3.83B | -17.76B | 18.60B | 22.86B | -29.97B | -32.06B |
| Short-Term Debt Issued | 4.36B | 1.40B | 18.06B | |||
| Long-Term Debt Issued | 69.75B | 22.80B | 50.94B | 15.78B | 4.73B | |
| Total Debt Issued | 94.33B | 69.75B | 27.16B | 52.34B | 33.84B | 4.73B |
| Short-Term Debt Repaid | -1.34B | -800.00M | ||||
| Long-Term Debt Repaid | -63.08B | -26.80B | -55.02B | -7.30B | -7.96B | |
| Total Debt Repaid | -98.47B | -64.43B | -26.80B | -55.02B | -7.30B | -8.76B |
| Net Debt Issued (Repaid) | -4.15B | 5.33B | 361.00M | -2.68B | 26.54B | -4.03B |
| Repurchase of Common Stock | -4.28B | -2.50B | -1.00B | -250.00M | -1.62B | |
| Preferred Stock Issued | 495.00M | |||||
| Preferred Share Repurchases | -1.00B | -1.00B | -750.00M | -1.42B | ||
| Common Dividends Paid | -2.57B | -2.67B | -2.77B | -2.77B | -2.66B | -2.48B |
| Preferred Dividends Paid | -309.00M | -324.00M | -365.00M | -361.00M | -333.00M | -367.00M |
| Total Dividends Paid | -2.88B | -3.00B | -3.13B | -3.13B | -2.99B | -2.85B |
| Net Increase (Decrease) in Deposit Accounts | 18.33B | 9.87B | -6.88B | -17.63B | -2.99B | 35.42B |
| Other Financing Activities | -130.00M | -71.00M | -231.00M | 1.17B | -298.00M | 82.00M |
| Financing Cash Flow | 6.38B | 8.63B | -11.64B | -22.27B | 20.02B | 25.59B |
| Net Cash Flow | 8.62B | -3.39B | 9.12B | 9.22B | 1.13B | 1.43B |
| Free Cash Flow | 6.06B | 5.74B | 2.16B | 8.61B | 6.41B | 6.25B |
| Free Cash Flow Margin | 33.17% | 31.15% | 18.97% | 48.09% | 33.38% | 27.06% |
| Free Cash Flow Per Share | 4.83 | 4.41 | 1.63 | 6.47 | 4.79 | 4.63 |
| Cash Income Tax Paid | 160.00M | 192.00M | 830.00M | 780.00M | 479.00M | 792.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 58.47B | 62.95B | 57.59B | 49.24B | 57.09B | 78.16B |
| Last Close Price | 48.79 | 47.74 | 40.10 | 32.41 | 35.46 | 46.37 |
| PE Ratio | 12.57 | 12.66 | 12.89 | 9.63 | 12.96 | |
| PS Ratio | 3.20 | 3.42 | 5.05 | 2.75 | 2.97 | 3.38 |
| PB Ratio | 1.04 | 0.97 | 0.90 | 0.83 | 0.94 | 1.13 |
| P/FCF Ratio | 9.64 | 10.97 | 26.61 | 5.72 | 8.91 | 12.50 |
| P/OCF Ratio | 9.64 | 10.97 | 26.61 | 5.71 | 5.15 | 9.90 |
| Debt / Equity Ratio | 1.14 | 1.12 | 1.06 | 1.14 | 1.18 | 0.63 |
| Debt / FCF Ratio | 11.59 | 12.70 | 31.31 | 7.86 | 11.10 | 6.94 |
| Net Debt / Equity Ratio | 0.22 | 0.40 | 0.30 | 0.50 | 0.68 | 0.18 |
| Net Debt / FCF Ratio | 2.27 | 4.56 | 8.95 | 3.46 | 6.39 | 1.96 |
| Return on Equity (ROE) | 8.16% | 8.24% | -0.07% | -2.51% | 8.90% | 9.18% |
| Return on Assets (ROA) | 0.95% | 0.98% | -0.01% | -0.28% | 1.05% | 1.23% |
| Earnings Yield | 7.96% | 8.43% | 8.37% | -2.22% | 10.96% | 8.24% |
| FCF Yield | 10.37% | 9.12% | 3.76% | 17.49% | 11.22% | 8.00% |
| Dividend Yield | 4.26% | 4.17% | 4.75% | 5.63% | 4.65% | 3.16% |
| Payout Ratio | 53.58% | 56.45% | 65.07% | 47.75% | 44.29% | |
| Buyback Yield / Dilution | 4.32% | 2.13% | 0.07% | 0.49% | 0.81% | 0.66% |
| Total Shareholder Return | 8.58% | 6.30% | 4.82% | 6.12% | 5.46% | 3.82% |