Revenue growth remains challenged with net interest income fluctuating within a narrow $3.4 billion to $3.7 billion band, while efficiency ratios have exhibited extreme volatility ranging from 2.7% to 122.1% due to merger-related adjustments.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Net Interest Income | 14.52B | 14.42B | 14.09B | 14.52B | 14.31B | 13.01B | 13.83B | 7.31B | 6.68B | 6.54B | 6.32B | 5.59B | 5.37B | 5.62B | 5.86B | 5.51B | 5.32B | 4.84B | 4.24B | 3.88B | 3.66B | 3.5B | 3.33B | 3.08B | 2.75B | 2.43B | 2.31B | 2.19B | 1.76B | 1.32B | 1.06B |
| NII Growth % | 8.14% | 2.36% | -2.98% | 1.47% | 10.05% | -5.93% | 89.06% | 9.44% | 2.25% | 3.39% | 13.04% | 4.06% | -4.31% | -4.11% | 6.36% | 3.52% | 9.83% | 14.3% | 9.23% | 6.01% | 4.69% | 5.02% | 8.01% | 12.18% | 12.86% | 5.18% | 5.46% | 24.72% | 33.26% | 24.55% | 13.84% |
| Net Interest Margin % | 2.64% | 2.63% | 2.65% | 2.71% | 2.58% | 2.4% | 2.72% | 1.55% | 2.96% | 2.95% | 2.88% | 2.66% | 2.88% | 3.07% | 3.17% | 3.15% | 3.39% | 2.92% | 2.79% | 2.93% | 3.02% | 3.2% | 3.31% | 3.41% | 3.43% | 3.44% | 3.48% | 4.14% | 4.46% | 4.22% | 4.12% |
| Interest Income | 24.41B | 24.54B | 25.07B | 24.45B | 16.63B | 13.77B | 15.55B | 9.41B | 8.12B | 7.37B | 7.07B | 6.33B | 6.14B | 6.51B | 6.92B | 6.88B | 7.12B | 6.88B | 7.21B | 7.89B | 6.84B | 5.48B | 4.53B | 4.35B | 4.43B | 4.85B | 4.88B | 4.23B | 3.49B | 2.6B | 2.06B |
| Interest Expense | 9.89B | 10.12B | 10.97B | 9.93B | 2.32B | 768M | 1.72B | 2.1B | 1.44B | 839M | 745M | 735M | 768M | 891M | 1.06B | 1.38B | 1.79B | 2.04B | 2.97B | 4.01B | 3.19B | 1.98B | 1.2B | 1.27B | 1.69B | 2.42B | 2.56B | 2.04B | 1.73B | 1.28B | 998.8M |
| Loan Loss Provision | 1.4B | 1.38B | 1.87B | 2.11B | 777M | -813M | 2.33B | 615M | 566M | 547M | 572M | 428M | 251M | 592M | 1.06B | 1.19B | 2.64B | 2.81B | 1.45B | 448M | 240M | 217M | 249M | 248M | 263.7M | 224.32M | 147.19M | 126.56M | 114.73M | 110.9M | 62.3M |
| Non-Interest Income | 6.06B | 5.9B | -813M | 5.5B | 5.66B | 9.29B | 8.88B | 5.25B | 4.88B | 4.78B | 4.47B | 4.3B | 4.2B | 4.3B | 4.14B | 3.4B | 4.07B | 3.89B | 3.12B | 2.75B | 2.54B | 2.35B | 2.14B | 1.89B | 1.69B | 1.38B | 846.79M | 957.43M | 690.43M | 503.1M | 341.3M |
| Non-Interest Income % | 19.88% | 19.37% | -3.35% | 18.36% | 25.39% | 40.28% | 36.35% | 35.84% | 37.52% | 39.34% | 38.76% | 40.45% | 40.61% | 39.78% | 37.43% | 33.07% | 36.41% | 36.12% | 30.19% | 25.87% | 27.05% | 30.02% | 32.07% | 30.26% | 27.63% | 22.14% | 14.79% | 18.45% | 16.5% | 16.21% | 14.22% |
| Total Revenue | 30.47B | 30.44B | 24.25B | 29.95B | 22.29B | 23.06B | 24.43B | 14.66B | 13B | 12.16B | 11.54B | 10.63B | 10.34B | 10.8B | 11.05B | 10.29B | 11.19B | 10.78B | 10.32B | 10.65B | 9.38B | 7.83B | 6.67B | 6.24B | 6.13B | 6.23B | 5.73B | 5.19B | 4.18B | 3.1B | 2.4B |
| Revenue Growth % | 563.85% | 25.5% | -19.02% | 34.34% | -3.34% | -5.58% | 66.58% | 12.83% | 6.91% | 5.36% | 8.59% | 2.75% | -4.29% | -2.26% | 7.47% | -8.05% | 3.81% | 4.39% | -3.05% | 13.49% | 19.88% | 17.42% | 6.76% | 1.92% | -1.63% | 8.79% | 10.3% | 24.08% | 34.8% | 29.29% | 11.54% |
| Non-Interest Expense | 12.66B | 12.59B | 12.01B | 18.68B | 12.17B | 15.12B | 14.9B | 7.93B | 6.93B | 7.44B | 6.72B | 6.54B | 6.2B | 6.04B | 6.15B | 6.09B | 5.79B | 4.89B | 3.83B | 3.6B | 3.48B | 3.16B | 2.9B | 3.11B | 2.39B | 2.23B | 2B | 1.87B | 1.38B | 1.09B | 827.4M |
| Efficiency Ratio | 41.57% | 41.36% | 49.52% | 62.36% | 54.58% | 65.54% | 60.99% | 54.11% | 53.34% | 61.24% | 58.25% | 61.6% | 59.91% | 55.89% | 55.59% | 59.21% | 51.72% | 45.37% | 37.11% | 33.85% | 37.14% | 40.4% | 43.44% | 49.75% | 38.94% | 35.78% | 34.95% | 36.02% | 32.92% | 35.22% | 34.47% |
| Operating Income | 6.5B | 6.35B | -601M | -765M | 7.03B | 7.99B | 5.47B | 4.02B | 4.06B | 3.33B | 3.5B | 2.92B | 3.13B | 3.28B | 2.79B | 1.63B | 969M | 1.04B | 2.08B | 2.58B | 2.47B | 2.47B | 2.32B | 1.62B | 1.79B | 1.36B | 1.01B | 1.16B | 958.49M | 619.7M | 511.8M |
| Operating Margin % | 21.35% | 20.86% | -2.48% | -2.55% | 31.53% | 34.66% | 22.41% | 27.41% | 31.24% | 27.36% | 30.33% | 27.45% | 30.24% | 30.38% | 25.26% | 15.83% | 8.66% | 9.61% | 20.14% | 24.25% | 26.36% | 31.52% | 34.83% | 25.9% | 29.23% | 21.84% | 17.69% | 22.27% | 22.91% | 19.97% | 21.32% |
| Operating Income Growth % | - | 1156.41% | 21.44% | -110.88% | -12.06% | 46.04% | 36.18% | -1.01% | 22.07% | -4.97% | 19.99% | -6.72% | -4.75% | 17.59% | 71.5% | 68.01% | -6.47% | -50.17% | -19.48% | 4.41% | 0.24% | 6.24% | 43.6% | -9.7% | 31.63% | 34.3% | -12.36% | 20.6% | 54.67% | 21.08% | 50.35% |
| Pretax Income | 6.5B | 6.35B | -601M | -765M | 7.03B | 7.99B | 5.47B | 4.02B | 4.06B | 3.33B | 3.5B | 2.92B | 3.13B | 3.28B | 2.79B | 1.63B | 969M | 1.04B | 2.08B | 2.58B | 2.47B | 2.47B | 2.32B | 1.62B | 1.79B | 1.36B | 1.01B | 1.16B | 958.49M | 619.7M | 511.8M |
| Pretax Margin % | 21.35% | 20.86% | -2.48% | -2.55% | 31.53% | 34.66% | 22.41% | 27.41% | 31.24% | 27.36% | 30.33% | 27.45% | 30.24% | 30.38% | 25.26% | 15.83% | 8.66% | 9.61% | 20.14% | 24.25% | 26.36% | 31.52% | 34.83% | 25.9% | 29.23% | 21.84% | 17.69% | 22.27% | 22.91% | 19.97% | 21.32% |
| Income Tax | 977M | 1.04B | -556M | 738M | 1.25B | 1.56B | 981M | 782M | 803M | 911M | 1.06B | 794M | 921M | 1.55B | 764M | 296M | 115M | 159M | 550M | 836M | 945M | 813M | 764M | 552.13M | 497.47M | 386.79M | 314.52M | 377.19M | 306.74M | 211.3M | 168.5M |
| Effective Tax Rate % | 15.02% | 16.41% | 92.51% | -96.47% | 17.78% | 19.47% | 17.92% | 19.46% | 19.78% | 27.39% | 30.23% | 27.22% | 29.45% | 47.3% | 27.36% | 18.18% | 11.87% | 15.35% | 26.46% | 32.38% | 38.21% | 32.96% | 32.9% | 34.14% | 27.78% | 28.43% | 31.05% | 32.63% | 32% | 34.1% | 32.92% |
| Net Income | 5.53B | 5.31B | 4.82B | -1.09B | 6.26B | 6.44B | 4.48B | 3.22B | 3.24B | 2.39B | 2.43B | 2.08B | 2.13B | 1.68B | 1.98B | 1.29B | 816M | 853M | 1.52B | 1.73B | 1.53B | 1.65B | 1.56B | 1.06B | 1.3B | 973.64M | 698.49M | 778.73M | 651.74M | 411.2M | 343.3M |
| Net Margin % | 18.14% | 17.44% | 19.87% | -3.64% | 28.08% | 27.92% | 18.35% | 21.99% | 24.91% | 19.69% | 21.03% | 19.61% | 20.61% | 15.55% | 17.9% | 12.53% | 7.29% | 7.92% | 14.71% | 16.28% | 16.28% | 21.13% | 23.37% | 17.06% | 21.27% | 15.63% | 12.2% | 15% | 15.58% | 13.25% | 14.3% |
| Net Income Growth % | 13.21% | 10.15% | 541.61% | -117.43% | -2.79% | 43.69% | 39.02% | -0.4% | 35.21% | -1.32% | 16.41% | -2.21% | 26.85% | -15.11% | 53.53% | 57.97% | -4.34% | -43.84% | -12.4% | 13.48% | -7.62% | 6.16% | 46.3% | -18.27% | 33.83% | 39.39% | -10.3% | 19.48% | 58.5% | 19.78% | 51.03% |
| Net Income (Continuing) | 5.53B | 5.31B | -45M | -1.5B | 5.78B | 6.44B | 4.49B | 3.24B | 3.26B | 2.42B | 2.44B | 2.12B | 2.21B | 1.73B | 2.03B | 1.33B | 854M | 877M | 1.53B | 1.75B | 1.53B | 1.65B | 1.56B | 1.06B | 1.29B | 973.64M | 698.49M | 778.73M | 651.74M | 408.4M | 343.3M |
| EPS (Diluted) | 4.36 | 3.82 | 3.36 | -1.09 | 4.43 | 4.47 | 3.08 | 3.71 | 3.91 | 2.74 | 2.77 | 2.56 | 2.75 | 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 |
| EPS Growth % | 14.75% | 13.69% | 408.26% | -124.61% | -0.89% | 45.13% | -16.98% | -5.12% | 42.7% | -1.08% | 8.2% | -6.91% | 25.57% | -18.89% | 47.54% | 57.76% | 0.87% | -57.56% | -13.69% | 11.74% | -6.33% | 7.14% | 35.27% | -23.9% | 28.3% | 38.56% | -10.53% | 4.91% | 32.52% | 5.13% | 46.25% |
| EPS (Basic) | - | 3.86 | 3.36 | -1.09 | 4.46 | 4.51 | 3.11 | 3.76 | 3.96 | 2.78 | 2.81 | 2.59 | 2.79 | 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 |
| Diluted Shares Outstanding | 1.27B | 1.29B | 1.33B | 1.33B | 1.34B | 1.35B | 1.36B | 815.2M | 783.48M | 810.98M | 814.92M | 757.76M | 728.37M | 714.36M | 708.88M | 705.17M | 701.04M | 635.62M | 552.5M | 551.75M | 543.89M | 551.38M | 556.04M | 514.08M | 478.79M | 459.26M | 456.53M | 454.77M | 292.24M | 334.31M | 236.51M |
Southeastern Commercial Real Estate
As reported in recent financial statements, Truist's net interest income has remained largely range-bound, fluctuating between $3.4 billion and $3.7 billion over the last ten quarters, suggesting that the bank is struggling to drive meaningful top-line expansion despite the broader interest rate environment observed during this period.
The lack of consistent NII growth indicates that the bank's asset-sensitive balance sheet may be facing significant headwinds from deposit beta pressures. Investors should monitor whether the bank can effectively reprice its loan portfolio to offset the rising cost of funding, as current figures suggest a plateau in core interest-earning capacity.
Based on the provided income statement data, Truist's efficiency ratio has exhibited significant volatility, ranging from a low of 2.7% in 2024Q2 to a high of 122.1% in 2023Q4, which complicates the assessment of the bank's progress in achieving post-merger cost synergies and operational streamlining.
The erratic nature of these efficiency metrics suggests that non-recurring charges and divestiture-related accounting noise continue to obscure the underlying operating leverage. A sustained stabilization of this ratio below the 40% threshold would be required to confirm that management is successfully controlling its fixed-cost base.
According to quarterly filings, Truist maintained a consistent provision for loan losses, averaging approximately $450 million per quarter, with a notable absence of provision expense in 2025Q4, a development that warrants further investigation into the bank's internal credit loss modeling and risk appetite for regional exposures.
The periodic spikes in provision expense suggest that the bank is actively managing its exposure to deteriorating credit conditions, particularly within its commercial real estate portfolio. The sudden drop to zero in the most recent quarter may imply a shift in loss expectations that could be vulnerable to future economic revisions.
Financial data reveals that Truist's net income has been heavily impacted by non-operating items, including a massive $5.2 billion operating loss in 2024Q2, which highlights the difficulty in isolating core earnings power from the noise of strategic asset sales and complex merger-related accounting adjustments.
The reliance on non-interest income to stabilize the bottom line appears increasingly fragile following the divestiture of the insurance holdings unit. Investors should be cautious, as the bank's ability to generate consistent EPS growth remains tethered to volatile transactional income rather than stable, recurring interest-based revenue streams.
Quick answers to the most common questions about buying TFC stock.
Truist Financial Corporation (TFC) is profitable, generating $5.31B in net income for the fiscal year ending 2025 with a net profit margin of 17.4%.
Truist Financial Corporation (TFC) reported an operating income of $6.35B, resulting in an operating profit margin of 20.9%. This margin reflects the operational efficiency of the business before interest and taxes.
Truist Financial Corporation (TFC) generated $18.94B in gross profit for the year, representing a gross profit margin of 62.2%. This demonstrates the company's core pricing power and production efficiency.