Truist Financial Corporation (TFC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.08	$1.23	+13.9%	—	—	—
Q4 26	$1.15	$1.15	0.0%	—	—	—
Q3 26	$1.09	$1.12	+2.8%	—	—	—
Q2 26	$0.99	$1.04	+5.1%	—	—	—
Q1 26	$0.92	$0.9	-2.2%	—	—	—
Q4 25	$0.86	$0.89	+3.5%	—	—	—
Q3 25	$0.88	$0.91	+3.4%	—	—	—
Q2 25	$0.9	$0.97	+7.8%	—	—	—
Q1 25	$0.83	$0.91	+9.6%	—	—	—
Q4 24	$0.8	$0.9	+12.5%	—	—	—
Q3 24	$0.9	$0.81	-10.0%	—	—	—
Q2 24	$0.83	$0.84	+1.2%	—	—	—
Q1 24	$1.03	$0.92	-10.7%	—	—	—
Q4 23	$1.15	$1.09	-5.2%	—	—	—
Q3 23	$1.28	$1.3	+1.6%	—	—	—
Q2 23	$1.23	$1.24	+0.8%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.87	—	—	$20.3B	—
FY24	—	$3.36	—	—	$13.3B	—
FY23	—	-$1.09	—	—	$23.4B	—
FY22	—	$4.46	—	—	$23B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$10.8B	$11.3B	$11.6B	$12.6B	$22.7B	$22.3B	$23B	$23.4B	$13.3B	$20.3B
YoY change	+9.13%	+4.85%	+2.13%	+8.74%	+80.7%	-1.8%	+3.31%	+1.54%	-43.2%	+53%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	10.8B	11.3B	11.6B	12.6B	22.7B	22.3B	23B	23.4B	13.3B	20.3B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	4B	4.3B	4.4B	5B	8.4B	8.9B	8.8B	9B	6.8B	7.1B
Operating expenses	4B	4.3B	4.4B	5B	8.4B	8.9B	8.8B	9B	6.8B	7.1B
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	3.5B	3.3B	4.1B	4B	5.5B	8B	7.7B	-185M	-601M	6.3B
Income tax	1.1B	911M	803M	782M	981M	1.6B	1.4B	862M	-556M	1B
Net income	2.4B	2.4B	3.3B	3.2B	4.5B	6.4B	6.3B	-1B	4.8B	5.3B
Net margin	22.6%	21.3%	28.2%	25.8%	19.8%	28.9%	27.2%	-4.48%	36.5%	26.1%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	2.81	2.78	3.96	3.76	3.11	4.51	4.46	-1.09	3.36	3.87
Diluted EPS	2.77	2.74	3.91	3.71	3.08	4.47	4.43	-1.09	3.36	3.82

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	5.7B	5.7B	4.8B	-1.7B	5.1B	5.1B	4.9B	5B	5.2B	5.2B	5.2B	—
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2.3B	2.1B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.8B	1.9B	1.8B	—
Operating expenses	2.3B	2.1B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.8B	1.9B	1.8B	—
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	1.4B	-5.2B	1.4B	-5.2B	1.7B	1.6B	1.5B	1.5B	1.7B	1.6B	1.7B	—
Income tax	245M	-64M	232M	-1.3B	271M	265M	274M	273M	285M	210M	209M	—
Net income	1.2B	-5.1B	1.2B	922M	1.4B	1.3B	1.3B	1.2B	1.5B	1.4B	1.5B	—
Net margin	20.9%	-89.3%	24.9%	-54.7%	28.4%	25.2%	25.7%	24.9%	28%	25.8%	28.7%	—
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	0.8	-3.87	0.82	0.62	1	0.92	0.88	0.91	1.05	1.02	1.1	1.24
Diluted EPS	0.8	-3.87	0.81	0.62	0.99	0.91	0.87	0.9	1.04	1	1.09	1.23

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	37.8B	39.7B	33.5B	45.3B	—	78.3B	57.1B	49.2B	57.7B	63.3B	64.2B
Enterprise value	30.3B	41.1B	33.2B	8.2B	—	-56.7B	26.9B	74.6B	66B	86.5B	92.8B
Shares outstanding	804.7M	799.2M	773M	805.1M	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	15.5	16.5	10.3	14	—	12.2	9.12	—	11.9	11.9	12.1
P/S	3.51	3.51	2.9	3.61	—	3.51	2.48	2.1	4.35	3.12	3.39
P/B	1.26	1.34	1.11	0.68	—	1.13	0.94	0.83	0.91	0.97	1.1
EV/Sales	2.81	3.63	2.88	0.65	—	-2.54	1.17	3.19	4.97	4.26	4.88
Earnings yield	6.45%	6.08%	9.73%	7.14%	—	8.22%	11%	—	8.38%	8.38%	8.23%
FCF yield	8.23%	11.7%	11.9%	2.86%	—	10.1%	19.4%	17.6%	3.75%	9.06%	7.74%
PEG	—	—	—	—	—	—	—	—	—	—	0.34

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	—	—	39.8%
Net margin	22.6%	21.3%	28.2%	25.8%	19.8%	28.9%	27.2%	-4.48%	36.5%	26.1%	30.7%
ROE	8.16%	8.13%	10.8%	4.86%	6.33%	9.29%	10.4%	-1.77%	7.6%	8.14%	9.06%
ROA	—	—	—	—	—	—	—	—	0.91%	0.97%	1.06%
Return on tangible assets	—	—	—	—	—	—	—	—	1%	1.06%	1.1%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Debt / equity	0.78	0.96	0.95	0.85	0.62	0.56	1.04	1.01	0.83	0.99	0.01
Debt / assets	—	—	—	—	—	—	—	—	0.1	0.12	0.13
Effective tax rate	30.2%	27.4%	19.8%	19.5%	17.9%	19.5%	18.3%	0%	0%	16.4%	15%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	13.4	14.2	15	15.6	16.9	16.7	17.3	17.6	9.98	15.8	15.2
EPS (basic)	2.81	2.78	3.96	3.76	3.11	4.51	4.46	-1.09	3.36	3.87	3.87
EPS (diluted)	2.77	2.74	3.91	3.71	3.08	4.47	4.43	-1.09	3.36	3.82	4.35
Book value per share	37.2	37.2	39	82.7	52.6	51.8	45.6	44.5	47.8	50.7	48
FCF per share	3.87	5.8	5.16	1.61	4.92	5.9	8.34	6.48	1.63	4.46	4.48
Cash per share	38.4	34.1	37.4	116.5	103.7	129.7	70.2	25.7	33.3	32	41.3
Capex per share	—	—	0.47	0.28	0.61	0.33	0.42	—	—	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	3.14%	1.78%	3.59%	1.98%	2.45%	—	—	—	—
Capex / operating cash flow	—	—	10.1%	7.86%	15.9%	6.06%	7.27%	—	—	—	—
Payout ratio	44.7%	48.8%	42.3%	45.1%	60.7%	44.3%	47.7%	-299%	64.8%	56.5%	47.8%
Dividend yield	2.89%	2.97%	4.12%	3.22%	—	3.64%	5.23%	6.37%	5.43%	4.73%	3.95%

Yield

3.95%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.52

ex-dividend Aug 14, 2026

Payout ratio

48%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.52
May 8, 2026	$0.52
Feb 13, 2026	$0.52

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$5.7B	$5.7B	$4.8B	-$1.7B	$5.1B	$5.1B	$4.9B	$5B	$5.2B	$5.2B	$5.2B	—
YoY change	-2.99%	-9.3%	-8.89%	-133.8%	-10.3%	-11.2%	+1.68%	+396%	+2.01%	+3.68%	+5.16%	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	30.9B	27.3B	28.9B	93.8B	139.7B	173.4B	93.2B	34.2B	44.3B	41.1B
Receivables	—	—	1.1B	2.4B	1.8B	2.2B	2.7B	2.7B	1.9B	1.6B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	479M	395M	1.7B	5.2B	4.3B	4.4B	4.4B	3.6B	3B	2.9B
Goodwill & intangibles	23.1B	22.8B	23.4B	59.9B	58.9B	64.3B	68.9B	54.9B	44.8B	44.7B
Total assets	—	—	—	—	—	—	—	—	531.2B	547.5B
Accounts payable	5.7B	6B	5.4B	—	—	—	—	—	—	—
Short-term debt	1.4B	4.9B	4.9B	15.3B	4.4B	2.5B	19.7B	20.8B	17.6B	22.3B
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	22B	23.6B	23.7B	41.3B	39.6B	35.9B	43.2B	38.9B	35B	42B
Total liabilities	—	—	—	—	—	—	—	—	467.5B	482.3B
Shareholders' equity	29.9B	29.7B	30.2B	66.6B	70.9B	69.3B	60.5B	59.3B	63.7B	65.2B
Total debt	23.4B	28.6B	28.6B	56.6B	44B	38.5B	62.9B	59.7B	52.6B	64.3B
Net debt	19.4B	25.9B	24.8B	37.6B	25.1B	18.2B	41.5B	29.1B	12.8B	27.9B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Cash & short-term investments	32.8B	33.8B	34.2B	37.4B	44.3B	43.7B	44.3B	46.5B	45.9B	41.4B	41.1B	40.9B
Receivables	3.1B	2.7B	2.7B	1.2B	1B	1.6B	1.9B	2.2B	2.1B	2.1B	1.6B	2.1B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	6.6B	6.4B	3.6B	6.1B	5.7B	5.6B	3B	5.6B	5.7B	5.7B	2.9B	5.5B
Goodwill & intangibles	67.8B	67.6B	54.9B	44.8B	44.6B	44.5B	44.8B	44.5B	44.3B	44.5B	44.7B	44.9B
Total assets	—	—	—	535B	519.9B	523.4B	531.2B	535.9B	543.8B	543.9B	547.5B	549B
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	20.8B	20.9B	20.8B	24.7B	21.7B	14.4B	17.6B	23.7B	16.6B	29.4B	22.3B	27.4B
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	44.7B	41.2B	38.9B	39.1B	34.6B	36.8B	35B	32B	44.4B	41.7B	42B	41.6B
Total liabilities	—	—	—	—	456B	457.7B	467.5B	471.3B	479B	478.2B	482.3B	484.8B
Shareholders' equity	63.7B	62B	59.3B	59.1B	63.8B	65.7B	63.7B	64.6B	64.8B	65.6B	65.2B	64.2B
Total debt	65.6B	62.1B	59.7B	63.8B	56.3B	51.1B	52.6B	55.8B	61.1B	71.1B	64.3B	69.1B
Net debt	35.6B	32.3B	29.1B	29.3B	15.4B	11.5B	12.8B	13.6B	19.6B	34.3B	27.9B	32.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	2.4B	2.4B	3.3B	3.2B	4.5B	6.4B	6.3B	-1B	4.8B	5.3B
Depreciation & amortization	555M	550M	555M	630M	1.6B	1.4B	1.4B	1.2B	979M	837M
Stock-based compensation	115M	132M	141M	165M	353M	—	—	—	—	—
Change in working capital	600M	100M	171M	-1.3B	-815M	-756M	2.5B	58M	-7.8B	-2.5B
Operating cash flow	3.4B	3.1B	3.6B	2.8B	5.1B	7.3B	7.8B	231M	-1.1B	5.7B
Capital expenditure	—	—	-363M	-224M	-815M	-442M	-564M	—	—	—
Investing cash flow	2B	-4.2B	1.3B	7.8B	-45.9B	-40B	1.5B	9.9B	14.6B	6.9B
Dividends paid	-1.1B	-1.2B	-1.4B	-1.5B	-2.7B	-2.9B	-3B	-3.1B	-3.1B	-3B
Share repurchases	-520M	-1.6B	-1.2B	-1.7B	-500M	-3B	-250M	0	-1.8B	-3.5B
Financing cash flow	-6.4B	2.3B	-2.3B	2.4B	-12.6B	-9.8B	23B	-4.6B	-4.8B	-1.2B
Net change in cash	-965M	1.2B	2.6B	13.1B	-53.4B	-42.5B	32.2B	5.4B	8.7B	11.4B
Free cash flow	3.1B	4.6B	4B	1.3B	6.6B	7.9B	11.1B	8.6B	2.2B	5.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Net income	1.3B	1.2B	-5.1B	1.2B	922M	1.4B	1.3B	1.3B	1.2B	1.5B	1.4B	1.5B
Depreciation & amortization	301M	302M	296M	273M	240M	229M	237M	220M	212M	202M	203M	193M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	1.9B	-358M	35M	-2.7B	-2.7B	-1.2B	-1.2B	-1.7B	-928M	174M	79M	-606M
Operating cash flow	2.9B	1.5B	-4.7B	-1.1B	-1.4B	846M	519M	-28M	643M	1.5B	2.6B	679M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	5.2B	2B	2.5B	924M	11.3B	-5B	-4.7B	1.4B	2.5B	2.1B	911M	93M
Dividends paid	-768M	-799M	-770M	-800M	-773M	-801M	-761M	-783M	-730M	-769M	-714M	-749M
Share repurchases	—	0	0	—	—	-500M	-1.3B	-500M	-750M	-500M	-1.8B	-1.1B
Financing cash flow	-22.9B	-4.9B	-2.4B	1B	-8.7B	-1.6B	4.6B	-9.9B	3.7B	8.8B	-3.8B	-2.6B
Net change in cash	-14.9B	-1.4B	-4.6B	810M	1.2B	-5.8B	354M	-8.6B	6.9B	12.3B	-263M	-1.8B
Free cash flow	3.7B	2.4B	2.4B	-990M	845M	1.5B	775M	746M	914M	1.5B	2.6B	679M

Date	Ratio
Aug 4, 1998	2:1
Jul 3, 1989	3:2
Jun 23, 1987	3:2
Apr 29, 1985	2:1
Jul 1, 1983	5:4

Truist Financial Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history