Truist Financial Corp financial data

Symbol
TFC, TFC-PI, TFC-PO, TFC-PR on NYSE
Industry
National Commercial Banks
Location
214 North Tryon Street, Charlotte, North Carolina
State of incorporation
North Carolina
Fiscal year end
December 31
Former names
BB&T CORP (to 12/6/2019), SOUTHERN NATIONAL CORP /NC/ (to 5/14/1997)
Latest financial report
May 10, 2024

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 1.34B shares +0.46%
Common Stock, Shares, Outstanding 1.34B shares +0.46%
Entity Public Float 40.3B USD -35.7%
Common Stock, Value, Issued 6.69B USD +0.45%
Weighted Average Number of Shares Outstanding, Basic 1.34B shares +0.49%
Weighted Average Number of Shares Outstanding, Diluted 1.35B shares +0.55%

Income Statement

Label TTM Value / Value Unit Change %
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -1.17B USD -117%
Income Tax Expense (Benefit) 609M USD -52.5%
Earnings Per Share, Basic -1.33 USD/shares -129%
Earnings Per Share, Diluted -1.33 USD/shares -130%

Balance Sheet

Label TTM Value / Value Unit Change %
Property, Plant and Equipment, Net 3.27B USD -6.96%
Operating Lease, Right-of-Use Asset 1.03B USD -10.3%
Goodwill 17.2B USD -36.5%
Assets 535B USD -6.86%
Liabilities 476B USD -7.04%
Accumulated Other Comprehensive Income (Loss), Net of Tax -13.2B USD -5.1%
Retained Earnings (Accumulated Deficit) 22.5B USD -16.8%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 59.1B USD -5.36%
Liabilities and Equity 535B USD -6.86%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -990M USD -939%
Net Cash Provided by (Used in) Financing Activities -572M USD -103%
Net Cash Provided by (Used in) Investing Activities 5.9B USD
Common Stock, Shares Authorized 2B shares 0%
Common Stock, Par or Stated Value Per Share 5 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 4.34B USD -71.4%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 35B USD -4.4%
Interest Paid, Excluding Capitalized Interest, Operating Activities 2.83B USD +69.5%
Deferred Tax Assets, Valuation Allowance 105M USD -0.94%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 6.77B USD -0.91%
Operating Lease, Liability 1.36B USD -9.55%
Payments to Acquire Property, Plant, and Equipment 564M USD +27.6%
Lessee, Operating Lease, Liability, to be Paid 1.55B USD -8.62%
Property, Plant and Equipment, Gross 5.86B USD -0.78%
Lessee, Operating Lease, Liability, to be Paid, Year Two 302M USD -0.66%
Lessee, Operating Lease, Liability, to be Paid, Year One 288M USD -7.4%
Operating Lease, Weighted Average Discount Rate, Percent 0.03 pure 0%
Deferred Income Tax Expense (Benefit) -409M USD -211%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 160M USD -6.98%
Lessee, Operating Lease, Liability, to be Paid, Year Three 253M USD -5.95%
Deferred Tax Assets, Operating Loss Carryforwards 121M USD -3.2%
Deferred Federal Income Tax Expense (Benefit) -390M USD -223%
Current Income Tax Expense (Benefit) 1.15B USD +30.3%
Preferred Stock, Shares Authorized 5M shares 0%
Unrecognized Tax Benefits 80M USD -17.5%
Lessee, Operating Lease, Liability, to be Paid, Year Four 214M USD -1.84%
Additional Paid in Capital 36.2B USD +4.67%
Preferred Stock, Shares Outstanding 223K shares 0%
Current State and Local Tax Expense (Benefit) 135M USD +40.6%
Current Federal Tax Expense (Benefit) 1.01B USD +29.1%
Amortization of Intangible Assets 383M USD -8.37%
Deferred Tax Assets, Net of Valuation Allowance 6.66B USD -0.91%
Deferred State and Local Income Tax Expense (Benefit) -19M USD -135%
Interest Expense 10.8B USD +166%