TRUIST FINANCIAL CORP

10-K & 10-Q Filings

Truist Financial Corporation is a purpose-driven financial services company based in Charlotte, North Carolina. The company is a leading U.S. commercial bank with significant market share in high-growth markets across the country. Truist offers a wide range of products and services through its wholesale and consumer businesses, including commercial and consumer banking, corporate and investment banking, insurance, wealth management, payments, and specialized lending businesses. The company's largest subsidiary, Truist Bank, was chartered in 1872 and provides banking and trust services through 2,001 offices and its digital platform. Truist's services include asset management, automobile lending, credit card lending, home equity and other direct retail lending, home mortgage lending, insurance, investment brokerage services, payment solutions, and real estate lending, among others. The company competes with national, regional, and local financial services providers, including banks, thrifts, credit unions, investment advisers, asset managers, securities brokers and dealers, private-equity funds, hedge funds, mortgage-banking companies, finance companies, financial technology companies, and insurance companies. Truist's website is www.truist.com and its ticker symbol is TRI.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$4317.00
4800.00
5024.00
5123.00
5164.00
5749.00
5988.00
6116.00
6698.00
11491.00
13819.00
13539.00
12491.00
9.26%-7.74%Net Interest Income (+)
$5507.00
5857.00
5616.00
5374.00
5592.00
6321.00
6535.00
6682.00
7313.00
13826.00
13006.00
14316.00
14600.00
8.46%1.98%Interest Expense (-)
$1378.00
1060.00
891.00
768.00
735.00
745.00
839.00
1438.00
2096.00
1722.00
768.00
2321.00
9856.00
17.82%324.64%Non Interest Income (+)
$-1190.00
-1057.00
-592.00
-251.00
-428.00
-572.00
-547.00
-566.00
-615.00
-2335.00
813.00
-777.00
-2109.00
-171.43%Selling, General & Administrative (-)
$
137.00
273.00
294.00
352.00
297.00
-15.63%Marketing Expenses (-)
$
137.00
273.00
294.00
352.00
297.00
-15.63%Depreciation & Amortization (-)
$99.00
110.00
106.00
91.00
105.00
150.00
142.00
131.00
164.00
685.00
574.00
583.00
527.00
14.95%-9.61%Non-recurring Operating Expenses (-)
$16.00
68.00
46.00
46.00
165.00
171.00
115.00
146.00
360.00
860.00
822.00
513.00
6453.00
64.87%1157.89%Operating Expenses (-)
$5802.00
5828.00
5837.00
5921.00
6266.00
6721.00
7444.00
6932.00
7934.00
14897.00
15116.00
14589.00
21466.00
11.52%47.14%Operating Income/Loss (+)
$-1485.00
-1028.00
-813.00
-676.00
-930.00
-973.00
-1064.00
-816.00
-1236.00
-3171.00
-1301.00
-1050.00
-8975.00
-754.76%Provision for Loan Loss (-)
$1190.00
1057.00
592.00
251.00
428.00
572.00
547.00
566.00
615.00
2335.00
-813.00
777.00
2109.00
4.88%171.43%Non-operating Income/Expense (+)
$62.00
-12.00
51.00
-3.00
-3.00
46.00
-1.00
-235.00
4.00
Earnings before Tax (+)
$1628.00
2792.00
3124.00
2986.00
2917.00
3500.00
3326.00
4060.00
4019.00
5473.00
7993.00
7669.00
-185.00
-102.41%Tax Expense (-)
$296.00
764.00
1395.00
760.00
794.00
1058.00
911.00
803.00
782.00
981.00
1556.00
1402.00
862.00
9.32%-38.52%Income/Loss (Continuing Operations) (+)
$1332.00
2028.00
1729.00
2226.00
2123.00
2442.00
2415.00
3257.00
3237.00
4492.00
6437.00
6267.00
-1047.00
-116.71%Profit/Loss (+)
$1332.00
2028.00
1729.00
2226.00
2123.00
2442.00
2415.00
3257.00
3237.00
4492.00
6437.00
6267.00
-1047.00
-116.71%Net Income/Loss (NCI) (-)
$43.00
49.00
50.00
75.00
39.00
16.00
21.00
20.00
13.00
10.00
-3.00
7.00
44.00
0.19%528.57%Net Income/Loss (+)
$1289.00
1916.00
1562.00
2003.00
1936.00
2259.00
2220.00
3063.00
3028.00
4184.00
6033.00
5927.00
-1452.00
-124.50%Preferred & Other Distributions (-)
$
63.00
117.00
148.00
148.00
167.00
174.00
174.00
196.00
298.00
407.00
333.00
361.00
8.41%Net Income/Loss (Common) (+)
$1289.00
1916.00
1562.00
2003.00
1936.00
2259.00
2220.00
3063.00
3028.00
4184.00
6033.00
5927.00
-1452.00
-124.50%EPS (Basic)
$1.85
2.74
2.22
2.79
2.59
2.81
2.78
3.96
3.76
3.11
4.51
4.46
-1.09
-124.44%EPS (Diluted)
$1.83
2.70
2.19
2.75
2.56
2.77
2.74
3.91
3.71
3.08
4.47
4.43
-1.09
-124.60%Weighted Avg Shares (Basic)
696.53
698.74
703.04
718.14
748.01
804.68
799.22
772.96
805.10
1347.08
1337.14
1328.12
1331.96
5.55%0.29%Weighted Avg Shares (Diluted)
705.17
708.88
714.36
728.37
757.76
814.92
810.98
783.48
815.20
1358.29
1349.38
1338.46
1331.96
5.44%-0.49%Cash
$4364.00
3789.00
2587.00
2699.00
4167.00
4424.00
3083.00
3987.00
20482.00
20613.00
24323.00
24602.00
33022.00
18.37%34.22%Securities & Long-term Investments
$131825.00
142110.00
138558.00
141584.00
160668.00
169811.00
167814.00
194153.00
375650.00
416710.00
442328.00
321614.00
307263.00
7.31%-4.46%Property, Plant & Equipment (Net)
$1855.00
1888.00
1869.00
1827.00
2007.00
2107.00
2055.00
2118.00
3712.00
3870.00
3700.00
3605.00
3370.00
5.10%-6.52%Goodwill & Intangibles
$6522.00
7477.00
7383.00
7374.00
9234.00
10492.00
10329.00
10576.00
27296.00
27431.00
29506.00
30685.00
24061.00
11.49%-21.59%Other Assets
$30013.00
28608.00
32613.00
33330.00
33871.00
32442.00
38361.00
14863.00
45938.00
40604.00
41384.00
174749.00
167633.00
15.41%-4.07%Assets (Total)
$174579.00
183872.00
183010.00
186814.00
209947.00
219276.00
221642.00
225697.00
473078.00
509228.00
541241.00
555255.00
535349.00
9.79%-3.59%Deposits
$124939.00
133075.00
127475.00
129040.00
149124.00
160234.00
157371.00
161199.00
334727.00
381077.00
416488.00
413495.00
395865.00
10.09%-4.26%Debt (Current)
$3566.00
2864.00
4138.00
3717.00
3593.00
1406.00
4938.00
5178.00
18218.00
6092.00
5292.00
23422.00
24828.00
17.55%6.00%Debt (Non-current)
$25369.00
21978.00
25631.00
27029.00
27362.00
23371.00
28586.00
28887.00
59557.00
45689.00
41205.00
66625.00
63746.00
7.98%-4.32%Other Liabilities
$3225.00
4732.00
2957.00
2602.00
2528.00
4339.00
1052.00
255.00
5458.00
8985.00
Liabilities (Total)
$157099.00
162649.00
160201.00
162388.00
182607.00
189350.00
191947.00
195519.00
406520.00
438316.00
471970.00
494718.00
476096.00
9.68%-3.76%Retained Earnings
$8772.00
10129.00
11044.00
12366.00
13464.00
14809.00
16259.00
18118.00
19806.00
19455.00
22998.00
26264.00
22088.00
8.00%-15.90%AOCI
$-713.00
-559.00
-593.00
-751.00
-1028.00
-1132.00
-1467.00
-1715.00
-844.00
716.00
-1604.00
-13601.00
-12506.00
8.05%Shareholder's Equity
$17480.00
21223.00
22809.00
24426.00
27340.00
29926.00
29695.00
30178.00
66558.00
70912.00
69271.00
60537.00
59253.00
10.71%-2.12%Liabilities & Equity
$174579.00
183872.00
183010.00
186814.00
209947.00
219276.00
221642.00
225697.00
473078.00
509228.00
541241.00
555255.00
535349.00
9.79%-3.59%Net Income/Loss
$1332.00
2028.00
1729.00
2226.00
2123.00
2442.00
2415.00
3257.00
3237.00
4492.00
6437.00
6267.00
-1047.00
-116.71%Depreciation & Amortization
$363.00
391.00
421.00
424.00
461.00
555.00
550.00
555.00
630.00
1608.00
1384.00
1366.00
1215.00
10.59%-11.05%Increase/Decrease in Working Capital
$1327.00
1203.00
-1720.00
-142.00
381.00
729.00
-718.00
-35.00
3275.00
97.00
-655.00
-4985.00
-271.00
94.56%Share-based Compensation
$98.00
97.00
96.00
102.00
106.00
115.00
132.00
141.00
165.00
353.00
Adjustments to Reconcile Net Income
$3233.00
1670.00
3610.00
1032.00
792.00
230.00
2220.00
1092.00
-1717.00
2945.00
1455.00
4814.00
9678.00
9.57%101.04%Net Cash (Operating)
$4565.00
3698.00
5339.00
3258.00
2915.00
2672.00
4635.00
4349.00
1520.00
7437.00
7892.00
11081.00
8631.00
5.45%-22.11%Capital Expenditure
$310.00
-530.00
-516.00
-1025.00
-1055.00
785.00
296.00
-6256.00
3254.00
2080.00
5237.00
17.00
-21.49%-99.68%Net Cash (Investing)
$-17826.00
-7085.00
-4240.00
-4063.00
-1638.00
-682.00
-5309.00
-4947.00
8348.00
-43652.00
-32056.00
-29972.00
22858.00
176.26%Increase/Decrease in Debt
$15512.00
1189.00
-1796.00
1514.00
1363.00
-1045.00
2120.00
4314.00
7029.00
34841.00
31392.00
23554.00
-20308.00
-186.22%Increase/Decrease in Equity
$22.00
2131.00
487.00
450.00
-1505.00
-1205.00
-42.00
2949.00
-3031.00
-250.00
1922.00
45.14%868.80%Interest Expenses
$1404.00
1120.00
918.00
765.00
734.00
775.00
819.00
1408.00
1921.00
1834.00
859.00
2007.00
9138.00
16.89%355.31%Dividends Paid
$446.00
564.00
912.00
814.00
937.00
1092.00
1179.00
1378.00
1459.00
2725.00
2852.00
2989.00
3131.00
17.63%4.75%Net Cash (Financing)
$15220.00
2796.00
-1973.00
965.00
109.00
-1765.00
-549.00
1502.00
5353.00
36018.00
25591.00
20017.00
-22266.00
-211.24%Cash Taxes Paid
$-82.00
347.00
677.00
322.00
655.00
844.00
429.00
99.00
443.00
126.00
792.00
479.00
780.00
62.84%Increase/Decrease in Cash
$1959.00
-591.00
-874.00
160.00
1386.00
225.00
-1223.00
904.00
15221.00
-197.00
1427.00
1126.00
9223.00
13.78%719.09%Cash (Beginning)
$2385.00
4344.00
3039.00
2165.00
2325.00
3711.00
3936.00
3083.00
3844.00
19065.00
18868.00
20295.00
21421.00
20.07%5.55%Cash (Ending)
$4344.00
3753.00
2165.00
2325.00
3711.00
3936.00
2713.00
3987.00
19065.00
18868.00
20295.00
21421.00
30644.00
17.68%43.06%NOPAT
$-1215.00
-900.24
-636.82
-603.10
-721.17
-738.37
-926.76
-796.10
-1099.76
-3098.00
-1172.09
-984.42
28865.54
3032.24%Operating Margin %
-34.40%
-21.42%
-16.18%
-13.20%
-18.01%
-16.92%
-17.77%
-13.34%
-18.45%
-27.60%
-9.41%
-7.76%
-71.85%
NOPAT Margin %
-28.14%
-18.75%
-12.68%
-11.77%
-13.97%
-12.84%
-15.48%
-13.02%
-16.42%
-26.96%
-8.48%
-7.27%
231.09%
Net Margin %
29.86%
39.92%
31.09%
39.10%
37.49%
39.29%
37.07%
50.08%
45.21%
36.41%
43.66%
43.78%
-11.62%
Tax Rate %
18.18%
12.43%
21.67%
10.78%
22.45%
24.11%
12.90%
2.44%
11.02%
2.30%
9.91%
6.25%
421.62%
ROA
-0.70%
-0.49%
-0.35%
-0.32%
-0.34%
-0.34%
-0.42%
-0.35%
-0.23%
-0.61%
-0.22%
-0.18%
5.39%
ROE
-6.95%
-4.24%
-2.79%
-2.47%
-2.64%
-2.47%
-3.12%
-2.64%
-1.65%
-4.37%
-1.69%
-1.63%
48.72%
Equity Multiplier
9.99
8.66
8.02
7.65
7.68
7.33
7.46
7.48
7.11
7.18
7.81
9.17
9.03
Debt/Equity Ratio
8.80
7.44
6.89
6.54
6.59
6.18
6.43
6.47
6.20
6.10
6.68
8.32
8.18
Dividend Payout Ratio %
36.71%
62.65%
143.21%
134.97%
129.93%
147.89%
127.22%
173.09%
132.67%
87.96%
243.33%
303.63%
10.85%
Total Payout
$424.00
-1567.00
425.00
814.00
937.00
642.00
2684.00
2583.00
1501.00
-224.00
5883.00
3239.00
1209.00
9.12%-62.67%Payout Ratio %
34.90%
-174.07%
66.74%
134.97%
129.93%
86.95%
289.61%
324.46%
136.48%
-7.23%
501.92%
329.03%
4.19%