Truist Financial Corporation

TFC · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$62,952	$57,588	$49,239	$57,091	$78,158	$63,981	$75,181	$33,485	$39,737	$37,836	$28,282	$27,928	$26,238	$20,340	$17,532	$18,206	$15,973	$15,071	$16,782	$23,684	$22,921	$23,197	$19,701	$17,508	$16,353	$16,813	$12,254	$11,504	$10,537	$4,288	$2,736	$849	$601	$620	$314	$225	$304	$243	$209	$164	$129
Enterprise value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
P/E (TTM) at period end	12.66×	12.89×	–	9.63×	12.96×	15.29×	24.83×	10.93×	17.90×	16.75×	14.61×	14.08×	16.79×	10.62×	13.60×	22.31×	21.91×	10.06×	9.68×	15.50×	13.86×	14.89×	18.50×	13.44×	16.80×	24.07×	15.74×	17.65×	25.62×	12.49×	12.04×	7.66×	7.59×	12.37×	10.21×	9.80×	11.84×	11.26×	11.62×	10.98×	12.54×
P/S (TTM) at period end	3.10×	4.34×	2.46×	2.86×	3.97×	2.82×	5.98×	2.90×	3.51×	3.51×	2.94×	3.03×	2.72×	2.10×	2.03×	1.96×	1.82×	2.03×	2.52×	3.82×	3.92×	4.24×	3.96×	3.94×	4.29×	5.32×	3.89×	4.70×	5.78×	3.06×	2.27×	2.09×	2.07×	2.62×	1.65×	1.35×	2.06×	–	–	–	–
P/B at period end	0.97×	0.90×	0.83×	0.94×	1.13×	0.90×	1.13×	1.11×	1.34×	1.27×	1.04×	1.15×	1.15×	0.96×	1.01×	1.11×	0.99×	0.94×	1.33×	2.02×	2.06×	2.13×	1.98×	2.37×	2.66×	3.10×	3.02×	3.63×	4.32×	2.07×	1.63×	1.34×	1.20×	1.64×	1.34×	1.05×	1.51×	–	–	–	–
EV / EBITDA (TTM)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
EV / Sales (TTM)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Returns
Return on equity	7.6%	7.0%	(2.5%)	9.8%	8.7%	5.9%	4.6%	10.2%	7.5%	7.6%	7.1%	8.2%	6.9%	9.1%	7.4%	5.0%	4.5%	9.3%	13.7%	13.0%	14.9%	14.3%	10.7%	17.6%	15.8%	12.9%	19.2%	20.6%	16.9%	16.6%	13.6%	17.5%	15.7%	13.3%	13.1%	10.7%	12.7%	–	–	–	–
Return on invested capital	4.1%	(0.0%)	(0.7%)	4.8%	6.2%	4.0%	2.7%	5.8%	4.3%	4.6%	3.8%	4.3%	3.6%	5.0%	3.1%	1.8%	1.8%	3.7%	4.5%	4.6%	5.9%	5.9%	4.2%	5.3%	4.3%	3.6%	4.7%	4.7%	4.9%	6.3%	4.7%	5.0%	7.2%	9.6%	11.2%	6.5%	10.0%	–	–	–	–
Dividend yield	4.2%	4.8%	5.6%	4.7%	3.2%	3.8%	1.7%	3.6%	2.5%	2.4%	2.8%	2.4%	2.9%	2.6%	2.5%	2.3%	4.6%	6.8%	5.7%	3.6%	3.5%	3.2%	3.2%	3.0%	2.7%	2.2%	2.6%	2.1%	1.6%	3.0%	3.9%	–	4.0%	2.6%	3.3%	4.1%	2.6%	–	–	–	–
Financial health
Current ratio	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.29×	0.31×	0.26×	0.27×	0.26×	0.04×	0.04×	0.04×	0.04×	0.03×	0.04×	0.03×	0.05×	0.04×	0.04×	0.03×	0.05×	0.06×	0.06×	0.06×	0.08×	–	–	–	–
Debt / equity	1.07×	1.01×	1.08×	1.10×	0.59×	0.65×	0.90×	0.96×	0.96×	0.78×	1.00×	1.11×	1.13×	1.04×	1.46×	1.67×	1.82×	1.79×	2.31×	2.04×	1.77×	1.67×	1.83×	2.57×	2.99×	2.94×	3.46×	3.72×	2.88×	2.09×	2.31×	2.93×	1.58×	1.05×	1.01×	1.50×	1.46×	–	–	–	–
Effective tax rate	16.4%	92.5%	(96.5%)	17.8%	19.1%	17.9%	19.5%	19.8%	27.4%	30.2%	27.2%	29.5%	49.7%	27.4%	18.2%	11.9%	15.3%	26.5%	32.4%	38.2%	33.0%	32.9%	34.1%	27.8%	28.4%	31.0%	32.6%	32.0%	34.1%	32.9%	33.2%	34.4%	33.4%	33.8%	31.6%	28.2%	29.8%	–	–	–	–
Share count
Diluted shares outstanding	1,303	1,331	1,332	1,338	1,349	1,358	815	783	811	815	758	728	714	709	705	701	636	552	552	544	551	556	514	479	459	457	455	292	334	237	208	93	66	63	45	45	45	38	38	33	26

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$19,410	$20,319	$13,278	$20,022	$19,973	$19,670	$22,705	$12,568	$11,558	$11,317	$10,793	$9,611	$9,230	$9,652	$9,677	$8,620	$9,277	$8,778	$7,435	$6,654	$6,198	$5,846	$5,467	$4,971	$4,440	$3,813	$3,161	$3,152	$2,450	$1,824	$1,402	$1,203	$406	$291	$236	$191	$166	$148	–	–	–	–
Cost of revenue	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Gross profit	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($4,829)	($3,716)	($3,574)	($3,435)	($3,669)	($3,958)	($3,775)	($1,695)	($1,497)	($1,489)	($1,298)	($1,165)	($1,110)	($1,128)	($1,002)	($908)	($895)	($2,503)	($2,201)	($2,094)	($2,077)	($1,785)	($1,632)	($1,507)	($1,298)	($1,209)	($1,085)	($994)	($735)	($564)	($429)	($424)	($119)	($85)	($74)	($63)	($60)	($55)	–	–	–	–
Total operating expenses	($12,313)	($12,076)	($12,009)	($18,678)	($12,167)	($15,116)	($14,897)	($7,934)	($6,932)	($7,444)	($6,721)	($6,266)	($5,852)	($5,777)	($5,828)	($5,802)	($5,670)	($4,890)	($3,831)	($3,605)	($3,485)	($3,162)	($2,896)	($3,106)	($2,386)	($2,228)	($2,001)	($1,870)	($1,377)	($1,093)	($827)	($821)	($231)	($172)	($146)	($127)	($113)	($102)	($22)	($18)	($15)	($10)
Total costs and expenses	($13,446)	($13,970)	($13,879)	($20,787)	($12,944)	($11,677)	($17,232)	($8,549)	($7,498)	($7,991)	($7,293)	($6,694)	($6,103)	($6,369)	($6,885)	($6,992)	($8,308)	($7,742)	($5,356)	($4,072)	($3,725)	($3,379)	($3,145)	($3,354)	($2,649)	($2,453)	($2,148)	($1,996)	($1,492)	($1,204)	($890)	($863)	($238)	($178)	($161)	($146)	($134)	($111)	–	–	–	–
Operating income	$5,964	$6,349	($601)	($765)	$7,029	$7,993	$5,473	$4,019	$4,060	$3,326	$3,500	$2,917	$3,127	$3,283	$2,792	$1,628	$969	$1,036	$2,079	$2,582	$2,473	$2,467	$2,322	$1,617	$1,791	$1,360	$1,013	$1,156	$958	$620	$512	$340	$167	$114	$76	$45	$32	$37	$22	$18	$15	$10
Earnings
EBITDA	–	$7,186	$378	$450	$8,395	$9,377	$7,081	$4,649	$4,615	$3,876	$4,055	$3,378	$3,551	$3,704	$3,183	$1,991	$1,351	$1,375	$2,377	$2,865	$2,765	$2,770	$2,592	$1,825	$1,950	$1,597	$1,206	$1,356	$1,110	$718	$576	$366	–	$125	$86	$51	$38	$43	–	–	–	–
Interest income	$23,966	$24,542	$25,066	$24,452	$16,634	$13,774	$15,548	$9,409	$8,120	$7,374	$7,066	$6,327	$6,142	$6,507	$6,917	$6,885	$7,115	$6,884	$7,207	$7,894	$6,845	$5,477	$4,528	$4,355	$4,434	$4,850	$4,878	$4,233	$3,493	$2,600	$2,059	$1,880	$578	$372	$339	$323	$324	$300	–	–	–	–
Interest expense	($9,383)	($10,119)	($10,975)	($9,928)	($2,321)	($768)	($1,722)	($2,096)	($1,438)	($839)	($745)	($735)	($768)	($891)	($1,060)	($1,378)	($1,795)	($2,040)	($2,969)	($4,014)	($3,185)	($1,981)	($1,199)	($1,273)	($1,687)	($2,415)	($2,564)	($2,038)	($1,733)	($1,280)	($999)	($949)	($256)	($147)	($145)	($172)	($191)	($184)	–	–	–	–
Pre-tax income	$5,964	$6,349	($601)	($765)	$7,029	$7,381	$5,473	$4,019	$4,060	$3,326	$3,500	$2,917	$3,127	$3,124	$2,792	$1,628	$969	$1,036	$2,079	$2,582	$2,473	$2,467	$2,322	$1,617	$1,791	$1,360	$1,013	$1,156	$958	$620	$512	$340	$167	$114	$76	$45	$32	$37	–	–	–	–
Income tax expense	($777)	($1,042)	$556	($738)	($1,250)	($1,408)	($981)	($782)	($803)	($911)	($1,058)	($794)	($921)	($1,553)	($764)	($296)	($115)	($159)	($550)	($836)	($945)	($813)	($764)	($552)	($497)	($387)	($315)	($377)	($307)	($211)	($168)	($113)	($58)	($38)	($26)	($14)	($9)	($11)	$22	$18	$15	$10
Net income	$5,187	$5,307	$4,840	($1,047)	$6,267	$6,437	$4,492	$3,237	$3,257	$2,415	$2,442	$2,123	$2,206	$1,730	$2,028	$1,289	$816	$877	$1,529	$1,734	$1,528	$1,654	$1,558	$1,065	$1,303	$974	$698	$779	$652	$411	$343	$227	$111	$79	$50	$31	$23	$26	$22	$18	$15	$10
Per share
Diluted EPS (GAAP)	$3.88	$3.82	$3.36	($1.09)	$4.43	$4.47	$3.08	$3.71	$3.91	$2.74	$2.77	$2.56	$2.72	$2.19	$2.70	$1.83	$1.16	$1.15	$2.71	$3.14	$2.81	$3.00	$2.80	$2.07	$2.72	$2.12	$1.53	$1.71	$1.63	$1.23	$1.17	$0.80	$1.14	$0.47	$0.69	$0.68	$0.51	$0.57	$0.57	$0.48	$0.45	$0.39
Basic EPS (GAAP)	$3.93	$3.87	$3.36	($1.09)	$4.46	$4.51	$3.11	$3.76	$3.96	$2.78	$2.81	$2.59	$2.76	$2.22	$2.74	$1.85	$1.18	$1.16	$2.73	$3.17	$2.84	$3.02	$2.82	$2.09	$2.75	$2.15	$1.55	$1.74	$1.67	$1.25	$1.19	$0.82	$1.19	$0.47	$0.72	$0.68	$0.51	$0.57	$0.57	$0.48	$0.45	$0.39
Basic shares outstanding	1,238	1,287	1,331	1,332	1,328	1,337	1,347	805	773	799	805	748	718	703	699	697	692	630	549	547	539	547	552	510	473	453	451	448	285	329	237	208	89	61	63	45	45	45	38	38	33	26
Margins
Gross margin	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating margin	30.7%	31.2%	(4.5%)	(3.8%)	35.2%	40.6%	24.1%	32.0%	35.1%	29.4%	32.4%	30.4%	33.9%	34.0%	28.9%	18.9%	10.4%	11.8%	28.0%	38.8%	39.9%	42.2%	42.5%	32.5%	40.3%	35.7%	32.0%	36.7%	39.1%	34.0%	36.5%	28.3%	41.2%	39.0%	32.0%	23.6%	19.2%	24.8%	–	–	–	–
Net margin	26.7%	26.1%	36.5%	(5.2%)	31.4%	32.7%	19.8%	25.8%	28.2%	21.3%	22.6%	22.1%	23.9%	17.9%	21.0%	15.0%	8.8%	10.0%	20.6%	26.1%	24.7%	28.3%	28.5%	21.4%	29.3%	25.5%	22.1%	24.7%	26.6%	22.5%	24.5%	18.9%	27.3%	27.2%	21.2%	16.2%	13.8%	17.4%	–	–	–	–

Analyst consensus

Buy54 analysts

Bearish · 3 · Hold · 24 · Bullish · 27

Earnings history

	EPS	Estimate
Q4 2024	$0.91	$0.88	Beat
Q1 2025	$0.87	$0.87	Match
Q2 2025	$0.91	$0.92	Miss
Q3 2025	$1.04	$0.99	Beat
Q4 2025	$1.00	$1.09	Miss
Q1 2026	$1.09	$1.00	Beat
Q2 2026	$1.23	$1.08	Beat
Q3 2026	$1.16	$1.14	Beat

Peers

Company overview

IPO dateMar 18, 1980

CEOMichael Lyons

Employees37,833

SectorFinancial Services

IndustryBanks - Regional

CountryUS

ExchangeNew York Stock Exchange

Websitewww.truist.com

Truist Financial Corporation operates as a diversified financial holding company, providing an extensive array of banking and trust services throughout the Southeastern and Mid-Atlantic regions of the United States. Its business activities are structured across three main segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. The corporation offers a broad spectrum of deposit products, including both interest-bearing and noninterest-bearing checking accounts, savings accounts, money market deposit accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs). Beyond deposit services, Truist delivers a comprehensive suite of financial solutions. These include various lending options such as automobile, bankcard, consumer, home equity, mortgage, small business, and student loans, alongside specialized commercial financing for areas like floor plan, real estate, and mortgage warehousing, as well as lease and supply chain financing. The company also provides extensive wealth management and investment services, encompassing asset management, investment brokerage, private banking, capital markets, institutional trust, and private equity investment solutions. Further offerings include corporate and investment banking, securities underwriting, and advisory services. Additionally, Truist offers a wide range of insurance products, covering property and casualty, life, health, employee benefits, workers' compensation, professional liability, surety, and title insurance. Digital banking platforms (mobile and online), payment processing, international banking, merchant services, and treasury management are also integral parts of its service portfolio. Headquartered in Charlotte, North Carolina, Truist Financial Corporation was founded in 1872. As of December 31, 2021, the company maintained a substantial presence with 2,517 banking offices. The organization officially adopted its current name, Truist Financial Corporation, in December 2019, having previously operated as BB&T Corporation.

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