Truist Financial Corporation (TFC) 10-Year Financial Performance & Capital Metrics

TFC • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutTruist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; automobile lending; bankcard lending; consumer finance; home equity and mortgage lending; insurance, such as property and casualty, life, health, employee benefits, workers compensation and professional liability, surety coverage, title, and other insurance products; investment brokerage; mobile/online banking; and payment, lease financing, small business lending, and wealth management/private banking services. In addition, it offers association, capital market, institutional trust, insurance premium and commercial finance, international banking, leasing, merchant, commercial deposit and treasury, government finance, commercial middle market lending, small business and student lending, floor plan and commercial mortgage lending, mortgage warehouse lending, private equity investment, real estate lending, and supply chain financing services. Further, the company provides corporate and investment banking, retail and wholesale brokerage, securities underwriting, and investment advisory services. As of December 31, 2021, the company operated through 2,517 banking offices. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.Show more

Net Interest Income $14.09B -3.0%
Total Revenue $24.25B -19.0%
Net Income $4.82B +541.6%
Return on Equity 7.84% +530.3%
Net Interest Margin 2.65% -2.2%
Efficiency Ratio 49.52% -20.6%
ROA 0.9% +551.5%
Equity / Assets 11.99% +8.3%
Book Value per Share 47.84 +7.5%
Tangible BV/Share 31.02 +12.3%
Debt/Equity 0.98 -6.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 49.5% efficiency ratio
✓10 consecutive years of dividend growth
✓Well capitalized: 12.0% equity/assets
✓Healthy dividend yield of 4.1%
✓Trading near 52-week high
✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y8.9%

5Y10.59%

3Y1.69%

TTM-

Profit (Net Income) CAGR

10Y8.5%

5Y8.37%

3Y-9.22%

TTM427.78%

EPS CAGR

10Y2.02%

5Y-1.96%

3Y-9.08%

TTM346.9%

ROCE

10Y Avg4.78%

5Y Avg3.16%

3Y Avg1.56%

Latest-0.52%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	5.59B	6.32B	6.54B	6.68B	7.31B	13.83B	13.01B	14.31B	14.52B	14.09B
NII Growth %	0.04%	0.13%	0.03%	0.02%	0.09%	0.89%	-0.06%	0.1%	0.01%	-0.03%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	6.33B	7.07B	7.37B	8.12B	9.41B	15.55B	13.77B	16.63B	24.45B	25.07B
Interest Expense	735M	745M	839M	1.44B	2.1B	1.72B	768M	2.32B	9.93B	10.97B
Loan Loss Provision	428M	572M	547M	566M	615M	2.33B	-813M	777M	2.11B	1.87B
Non-Interest Income+	4.3B	4.47B	4.78B	4.88B	5.25B	8.88B	9.29B	5.66B	5.5B	-813M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	10.63B	11.54B	12.16B	13B	14.66B	24.43B	23.06B	22.29B	29.95B	24.25B
Revenue Growth %	0.03%	0.09%	0.05%	0.07%	0.13%	0.67%	-0.06%	-0.03%	0.34%	-0.19%
Non-Interest Expense	6.54B	6.72B	7.44B	6.93B	7.93B	14.9B	15.12B	12.17B	18.68B	12.01B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	2.92B	3.5B	3.33B	4.06B	4.02B	5.47B	7.99B	7.03B	-765M	-601M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.07%	0.2%	-0.05%	0.22%	-0.01%	0.36%	0.46%	-0.12%	-1.11%	0.21%
Pretax Income+	2.92B	3.5B	3.33B	4.06B	4.02B	5.47B	7.99B	7.03B	-765M	-601M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	794M	1.06B	911M	803M	782M	981M	1.56B	1.25B	738M	-556M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	2.08B	2.43B	2.39B	3.24B	3.22B	4.48B	6.44B	6.26B	-1.09B	4.82B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.02%	0.16%	-0.01%	0.35%	-0%	0.39%	0.44%	-0.03%	-1.17%	5.42%
Net Income (Continuing)	2.12B	2.44B	2.42B	3.26B	3.24B	4.49B	6.44B	5.78B	-1.5B	-45M
EPS (Diluted)+	2.56	2.77	2.74	3.91	3.71	3.08	4.47	4.43	-1.09	3.36
EPS Growth %	-0.07%	0.08%	-0.01%	0.43%	-0.05%	-0.17%	0.45%	-0.01%	-1.25%	4.08%
EPS (Basic)	2.59	2.81	2.78	3.96	3.76	3.11	4.51	4.46	-1.09	3.36
Diluted Shares Outstanding	757.76M	814.92M	810.98M	783.48M	815.2M	1.36B	1.35B	1.34B	1.33B	1.33B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	3.56B	3.94B	2.71B	3.84B	19.07B	18.87B	20.3B	21.42B	30.23B	39.77B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	179.35B	185.49B	188.98B	192.65B	381.1B	427.22B	449.73B	456.11B	440.2B	423.65B
Investments Growth %	0.11%	0.03%	0.02%	0.02%	0.98%	0.12%	0.05%	0.01%	-0.03%	-0.04%
Long-Term Investments	154.06B	158.56B	164.44B	167.61B	306.37B	306.44B	296.61B	384.31B	372.83B	419.1B
Accounts Receivables	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	8.55B	9.64B	9.62B	9.82B	24.15B	24.45B	26.1B	27.01B	17.16B	17.13B
Intangible Assets	1.57B	1.91B	1.77B	1.88B	5.77B	5.01B	6.04B	7.43B	5.29B	5.26B
PP&E (Net)	2.01B	2.11B	2.06B	3.49B	7.43B	7.01B	6.96B	6.88B	6B	5.59B
Other Assets	14.91B	14.53B	14.61B	6.98B	18.52B	15.97B	20.62B	20.44B	21.38B	23.5B
Total Current Assets	29.01B	32.68B	29.16B	35.91B	110.83B	150.35B	184.91B	106.16B	109.66B	58.66B
Total Non-Current Assets	181.09B	186.74B	192.48B	189.79B	362.25B	358.87B	356.33B	449.1B	425.69B	472.52B
Total Assets+	209.95B	219.28B	221.64B	225.7B	473.08B	509.23B	541.24B	555.25B	535.35B	531.18B
Asset Growth %	0.12%	0.04%	0.01%	0.02%	1.1%	0.08%	0.06%	0.03%	-0.04%	-0.01%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	-0%	0.01%
Accounts Payable	6.12B	5.75B	5.99B	5.43B	0	0	0	0	0	0
Total Debt+	30.95B	24.78B	28.59B	28.89B	58.88B	45.3B	40.89B	65.07B	62.12B	62.27B
Net Debt	27.4B	20.84B	25.87B	25.04B	39.81B	26.44B	20.59B	43.65B	31.89B	22.5B
Long-Term Debt	23.77B	21.96B	23.65B	23.71B	41.34B	39.6B	35.91B	43.2B	38.92B	34.96B
Short-Term Debt	7.19B	2.81B	4.94B	5.18B	17.54B	5.71B	4.97B	21.87B	23.2B	27.31B
Other Liabilities	-3.59B	-1.41B	0	0	12.92B	11.94B	14.6B	16.15B	18.11B	14.71B
Total Current Liabilities	162.43B	168.79B	168.3B	171.81B	352.26B	386.78B	421.46B	435.37B	419.07B	417.83B
Total Non-Current Liabilities	20.18B	20.56B	23.65B	23.71B	54.26B	51.53B	50.51B	59.35B	57.03B	49.66B
Total Liabilities	182.61B	189.35B	191.95B	195.52B	406.52B	438.32B	471.97B	494.72B	476.1B	467.5B
Total Equity+	27.34B	29.93B	29.7B	30.18B	66.56B	70.91B	69.27B	60.54B	59.25B	63.68B
Equity Growth %	0.12%	0.09%	-0.01%	0.02%	1.21%	0.07%	-0.02%	-0.13%	-0.02%	0.07%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.08%	0.08%	0.11%	0.07%	0.07%	0.09%	0.1%	-0.02%	0.08%
Book Value per Share	36.08	36.72	36.62	38.52	81.65	52.21	51.34	45.23	44.49	47.84
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	3.9B	4.05B	3.91B	3.82B	6.71B	6.75B	6.64B	6.63B	6.67B	6.58B
Additional Paid-in Capital	8.37B	9.1B	7.89B	6.85B	35.61B	35.84B	34.56B	34.54B	36.18B	35.63B
Retained Earnings	13.46B	14.81B	16.26B	18.12B	19.81B	19.45B	23B	26.26B	22.09B	23.78B
Accumulated OCI	-1.03B	-1.13B	-1.47B	-1.72B	-844M	716M	-1.6B	-13.6B	-12.51B	-8.21B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	2.6B	3.05B	3.05B	3.05B	5.1B	8.05B	6.67B	6.67B	6.67B	5.91B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.13B	3.12B	4.63B	4.35B	1.52B	7.44B	7.89B	11.08B	8.63B	2.16B
Operating CF Growth %	-0.02%	-0.01%	0.49%	-0.06%	-0.65%	3.89%	0.06%	0.4%	-0.22%	-0.75%
Net Income	2.12B	2.44B	2.42B	3.26B	3.24B	4.49B	6.44B	6.27B	-1.05B	4.84B
Depreciation & Amortization	461M	555M	550M	555M	630M	1.61B	1.38B	1.37B	1.22B	979M
Deferred Taxes	3M	-6M	0	0	0	0	0	0	0	0
Other Non-Cash Items	728M	239M	820M	37M	666M	1.08B	-584M	-1.54B	8.19B	4.5B
Working Capital Changes	-290M	-230M	718M	359M	-3.18B	-97M	655M	4.99B	271M	-8.15B
Cash from Investing+	-1.85B	-976M	-5.41B	-4.96B	8.35B	-43.65B	-32.06B	-29.97B	22.86B	18.6B
Purchase of Investments	-15.26B	-15.16B	-16.36B	-4.72B	-42.65B	-72.81B	-70.78B	-12.38B	-4.23B	-44.74B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	1.05B	-726M	0	-296M	6.26B	-2.44B	-1.64B	-4.67B	-17M	12.17B
Other Investing	-2.81B	-2.62B	-1.36B	-6.08B	886M	2.51B	6.68B	-33.11B	13.14B	4.84B
Cash from Financing+	104M	-1.88B	-549M	1.5B	5.35B	36.02B	25.59B	20.02B	-22.27B	-11.64B
Dividends Paid	-937M	-1.09B	-1.18B	-1.38B	-1.46B	-2.73B	-2.85B	-2.99B	-3.13B	-3.13B
Share Repurchases	0	-520M	-1.61B	-1.21B	-1.73B	-500M	-3.03B	-250M	0	-1.75B
Stock Issued	0	0	0	0	1.68B	3.45B	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K	1000K
Other Financing	2.18B	4.83B	-2.72B	3.61B	2.74B	49.55B	35.51B	-3.28B	-16.46B	-7.11B
Net Change in Cash+	1.39B	257M	-1.32B	888M	15.22B	-197M	1.43B	1.13B	9.22B	9.12B
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	2.33B	4.17B	4.28B	2.96B	3.84B	19.07B	18.87B	20.3B	21.42B	30.64B
Cash at End	3.71B	4.42B	2.96B	3.84B	19.07B	18.87B	20.3B	21.42B	30.64B	39.77B
Interest Paid	734M	775M	819M	1.41B	1.92B	1.83B	859M	2.01B	9.14B	11.34B
Income Taxes Paid	655M	844M	429M	99M	443M	126M	792M	479M	780M	830M
Free Cash Flow+	3.13B	3.12B	4.63B	3.99B	1.3B	6.62B	7.45B	10.52B	8.63B	2.16B
FCF Growth %	-0.02%	-0.01%	0.49%	-0.14%	-0.67%	4.11%	0.13%	0.41%	-0.18%	-0.75%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.06%	8.47%	8.03%	10.81%	6.67%	6.52%	9.19%	9.64%	-1.82%	7.84%
Return on Assets (ROA)	1.05%	1.13%	1.09%	1.45%	0.92%	0.91%	1.23%	1.14%	-0.2%	0.9%
Net Interest Margin	2.66%	2.88%	2.95%	2.96%	1.55%	2.72%	2.4%	2.58%	2.71%	2.65%
Efficiency Ratio	61.6%	58.25%	61.24%	53.34%	54.11%	60.99%	65.54%	54.58%	62.36%	49.52%
Equity / Assets	13.02%	13.65%	13.4%	13.37%	14.07%	13.93%	12.8%	10.9%	11.07%	11.99%
Book Value / Share	36.08	36.72	36.62	38.52	81.65	52.21	51.34	45.23	44.49	47.84
NII Growth	4.06%	13.04%	3.39%	2.25%	9.44%	89.06%	-5.93%	10.05%	1.47%	-2.98%
Dividend Payout	37.86%	38.13%	41.98%	37.19%	40.6%	54.08%	38.59%	42.43%	-	57.49%

Revenue by Segment

	2011	2012	2013	2014	2015	2016
Community Banking	134M	182M	160M	118M	135M	153M
Community Banking Growth	-	35.82%	-12.09%	-26.25%	14.41%	13.33%
Financial Services	19M	29M	36M	24M	22M	23M
Financial Services Growth	-	52.63%	24.14%	-33.33%	-8.33%	4.55%
Residential Mortgage Banking	-	-1M	-1M	2M	2M	1M
Residential Mortgage Banking Growth	-	-	0.00%	300.00%	0.00%	-50.00%
Specialized Lending	-	-	-	-	-	-
Specialized Lending Growth	-	-	-	-	-	-
Insurance Services	-	-	-	-	-	-
Insurance Services Growth	-	-	-	-	-	-
Dealer Financial Services	-	-	-	-	-	-
Dealer Financial Services Growth	-	-	-	-	-	-
Other, Treasury & Corporate	-	-	-	-	-	-177M
Other, Treasury & Corporate Growth	-	-	-	-	-	-
Community Banking-After Realignment	-	-	-	-	135M	-
Community Banking-After Realignment Growth	-	-	-	-	-	-
Financial Services-After Realignment	-	-	-	-	22M	-
Financial Services-After Realignment Growth	-	-	-	-	-	-
Residential Mortgage Banking-After Realignment	-	-	-	-	2M	-
Residential Mortgage Banking-After Realignment Growth	-	-	-	-	-	-
Specialized Lending-After Realignment	-	-	-	-	-	-
Specialized Lending-After Realignment Growth	-	-	-	-	-	-
Dealer Financial Services-After Realignment	-	-	-	-	-	-
Dealer Financial Services-After Realignment Growth	-	-	-	-	-	-
Insurance Services-After Realignment	-	-	-	-	-	-
Insurance Services-After Realignment Growth	-	-	-	-	-	-
Total Bbt Corporation After Realignment	-	-	-	-	-	-
Total Bbt Corporation After Realignment Growth	-	-	-	-	-	-
Total Bbt Corporation	-	-	-	-	-	-
Total Bbt Corporation Growth	-	-	-	-	-	-
Other Treasury And Bbt Corporate	-	-	-	-	-159M	-
Other Treasury And Bbt Corporate Growth	-	-	-	-	-	-
Other, Treasury and Corporate-After Realignment	-	-	-	-	-159M	-
Other, Treasury and Corporate-After Realignment Growth	-	-	-	-	-	-
Other Treasury And Corporate	-153M	-210M	-195M	-144M	-	-
Other Treasury And Corporate Growth	-	-37.25%	7.14%	26.15%	-	-

Frequently Asked Questions

Valuation & Price

Truist Financial Corporation (TFC) has a price-to-earnings (P/E) ratio of 15.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Truist Financial Corporation (TFC) saw revenue decline by 19.0% over the past year.

Yes, Truist Financial Corporation (TFC) is profitable, generating $5.07B in net income for fiscal year 2024 (19.9% net margin).

Dividend & Returns

Yes, Truist Financial Corporation (TFC) pays a dividend with a yield of 4.14%. This makes it attractive for income-focused investors.

Truist Financial Corporation (TFC) has a return on equity (ROE) of 7.8%. This is below average, suggesting room for improvement.

Industry Metrics

Truist Financial Corporation (TFC) has a net interest margin (NIM) of 2.7%. NIM has been under pressure due to interest rate environment.

Truist Financial Corporation (TFC) has an efficiency ratio of 49.5%. This is excellent, indicating strong cost control.

US Stock Screener

...