Truist Financial Corporation (TFC) Financial Statements

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Truist Financial financial statements at a glance

Truist Financial reported revenue of $13.28 billion for fiscal year 2024 (ended December 31, 2024), down 33.7% from fiscal year 2023. Net income was $4.47 billion, a net margin of 33.7%, and diluted earnings per share were $3.36.

At the end of fiscal year 2024 it had total assets of $531.18 billion, total liabilities of $467.50 billion and shareholders' equity of $63.68 billion, with cash of $39.77 billion and total debt of $52.59 billion.

Its operations brought in $2.16 billion of cash, leaving free cash flow of $2.16 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2024.

TFC logo

Truist Financial Corporation

TFCUnited States
Financial Services
USD (Local)

Income Statement

Annual • USD

Basic EPS
3.87
Prev Year: 3.36
YoY: +15.2%
Total Revenue
-
Prev Year: 13.28B
Diluted EPS
3.82
Prev Year: 3.36
YoY: +13.7%
Provision for Credit Losses
-
Prev Year: -1.87B
Weighted Average Shares (basic)
1.29B
Prev Year: 1.33B
YoY: -3.3%
Non Interest Expense
-
Prev Year: 11.82B
Weighted Average Shares (diluted)
1.30B
Prev Year: 1.33B
YoY: -2.1%
Special Income Charges
-
Prev Year: -184.00M
Values in USD

Truist Financial key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue–$13.3B$20.0B$20.0B$22.3B
Net income–$4.5B-$1.5B$5.9B$6.0B
Diluted EPS$3.82$3.36-$1.09$4.43$4.47
Total assets–$531.2B$535.3B$555.3B$541.2B
Total liabilities–$467.5B$476.1B$494.7B$472.0B
Shareholders' equity–$63.7B$59.1B$60.5B$69.3B
Cash–$39.8B$30.2B$21.4B$20.3B
Total debt–$52.6B$59.7B$62.9B$38.5B
Operating cash flow–$2.2B$8.6B$11.1B$7.9B
Capital spending–––$564.0M$442.0M
Free cash flow–$2.2B$8.6B$11.1B$7.9B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Truist Financial's revenue in fiscal year 2024?

$13.28 billion, down 33.7% from $20.02 billion in fiscal year 2023.

How much profit does Truist Financial make?

Truist Financial reported net income of $4.47 billion for fiscal year 2024 (33.7% of revenue).

How much cash and debt does Truist Financial have?

At the end of fiscal year 2024: cash of $39.77 billion and total debt of $52.59 billion.

What is Truist Financial's free cash flow?

$2.16 billion in fiscal year 2024 (operating cash flow of $2.16 billion).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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