Truist Financial Corp - Understand $tfc stock

$TFC Market Cap: $61.36 Billion

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Financial Snapshot

Revenue

$18.89B

TTM

Gross Margin

Net Earnings

-$1.805B

TTM

Current Assets

Current Liabilities

$20.86B

Q3 2024

Current Ratio

Total Assets

$523.4B

Q3 2024

Total Liabilities

$457.7B

Q3 2024

Book Value

$65.70B

Q3 2024

Cash

$39.64B

Q3 2024

P/E

-33.99

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999
Revenue	$24.46B	$16.64B	$13.77B	$15.55B	$9.409B	$8.120B	$7.374B	$7.066B	$6.327B	$6.142B		$6.917B	$6.885B	$7.115B	$6.884B
YoY Change	47.0%	20.79%	-11.41%	65.25%	15.87%	10.12%	4.36%	11.68%	3.01%			0.46%	-3.23%	3.36%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2012	2011	2010	2009
Revenue	$24.46B	$16.64B	$13.77B	$15.55B	$9.409B	$8.120B	$7.374B	$7.066B	$6.327B	$6.142B	$6.917B	$6.885B	$7.115B	$6.884B
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.215B	$1.366B	$1.384B	$1.608B	$630.0M	$555.0M	$550.0M	$555.0M	$461.0M	$424.0M	$421.0M	$391.0M	$363.0M	$382.0M	$339.0M	$298.0M	$283.0M	$292.0M	$303.0M	$270.0M	$207.6M	$265.0M	$243.7M	$200.1M	$199.2M
YoY Change	-11.05%	-1.3%	-13.93%	155.24%	13.51%	0.91%	-0.9%	20.39%	8.73%	0.71%	7.67%	7.71%	-4.97%	12.68%	13.76%	5.3%	-3.08%	-3.63%	12.22%	30.06%	-21.66%	8.74%	21.79%	0.45%	20.51%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	$9.856B	$2.321B	$768.0M	$1.722B	$2.096B	$1.438B	$839.0M	$745.0M	$735.0M	$768.0M	$891.0M	$1.060B	$1.378B	$1.795B	$2.040B
YoY Change	324.64%	202.21%	-55.4%	-17.84%	45.76%	71.39%	12.62%	1.36%	-4.3%	-13.8%	-15.94%	-23.08%	-23.23%	-12.01%
% of Operating Profit
Other Income/Expense, Net	$1.142B	$742.0M	$803.0M
YoY Change	53.91%	-7.6%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999
Pretax Income	-$185.0M	$7.669B	$7.993B	$5.473B	$4.019B	$4.060B	$3.326B	$3.500B	$2.917B	$3.127B	$3.283B	$2.792B	$1.628B	$969.0M	$1.036B	$2.079B	$2.582B	$2.473B	$2.467B	$2.322B	$1.617B	$1.791B	$1.360B	$1.013B	$1.156B
YoY Change	-102.41%	-4.05%	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%	-9.72%	31.69%	34.25%	-12.37%	8.54%
Income Tax	$862.0M	$1.402B	$1.556B	$981.0M	$782.0M	$803.0M	$911.0M	$1.058B	$794.0M	$921.0M	$1.553B	$764.0M	$296.0M	$115.0M	$159.0M	$550.0M	$836.0M	$945.0M	$813.0M	$764.0M	$552.0M	$497.0M	$387.0M	$315.0M	$377.0M
% Of Pretax Income		18.28%	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%	27.75%	28.46%	31.1%	32.61%
Net Earnings	-$1.452B	$5.927B	$6.437B	$4.492B	$3.237B	$3.257B	$2.415B	$2.442B	$2.123B	$2.206B	$1.729B	$2.028B	$1.332B	$854.0M	$877.0M	$1.519B	$1.734B	$1.528B	$1.654B	$1.558B	$1.065B	$1.303B	$974.0M	$698.0M	$779.0M
YoY Change	-124.5%	-7.92%	43.3%	38.77%	-0.61%	34.87%	-1.11%	15.03%	-3.76%	27.59%	-14.74%	52.25%	55.97%	-2.62%	-42.26%	-12.4%	13.48%	-7.62%	6.16%	46.29%	-18.27%	33.78%	39.54%	-10.4%	8.04%
Net Earnings / Revenue	-5.94%	35.63%	46.73%	28.89%	34.4%	40.11%	32.75%	34.56%	33.55%	35.92%		29.32%	19.35%	12.0%	12.74%
Basic Earnings Per Share	-$1.09	$4.46	$4.51	$3.11	$3.76	$3.96	$2.78	$2.81	$2.59	$2.76	$2.22	$2.74	$1.85	$1.18	$1.16
Diluted Earnings Per Share	-$1.09	$4.428M	$4.47	$3.08	$3.71	$3.91	$2.74	$2.77	$2.56	$2.72	$2.19	$2.70	$1.83	$1.16	$1.15	$2.752M	$3.141M	$2.809M	$3.002M	$2.802M	$2.072M	$2.720M	$2.122M	$1.531M	$1.712M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$3.370B	$3.605B	$3.700B	$5.203B	$5.535B	$2.118B	$2.055B	$2.107B	$2.007B	$1.827B	$1.869B	$1.888B	$1.855B	$1.840B	$1.583B	$1.580B	$1.529B	$1.410B	$1.287B	$1.284B	$1.201B	$1.072B	$990.0M	$929.0M	$854.0M
YoY Change	-6.52%	-2.57%	-28.89%	-6.0%	161.33%	3.07%	-2.47%	4.98%	9.85%	-2.25%	-1.01%	1.78%	0.82%	16.23%	0.19%	3.34%	8.44%	9.56%	0.23%	6.91%	12.03%	8.28%	6.57%	8.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$6.563B	$4.539B		$4.358B	$3.579B			$90.00M				$75.00M
YoY Change	44.59%			21.77%
Total Long-Term Assets
YoY Change
Total Assets	$535.3B	$555.3B	$541.2B	$509.2B	$473.1B	$225.7B	$221.6B	$219.3B	$209.9B	$186.8B	$183.0B	$184.5B	$174.6B	$157.1B	$165.8B	$152.0B	$132.6B	$121.4B	$109.2B	$100.5B	$90.47B	$80.22B	$70.87B	$66.55B	$59.38B
YoY Change
Accounts Payable	$18.11B	$16.08B	$12.45B	$9.081B	$8.737B	$5.332B	$5.838B	$5.745B	$6.066B	$6.126B	$6.942B	$8.223B
YoY Change	12.65%	29.19%	37.07%	3.94%	63.86%	-8.67%	1.62%	-5.29%	-0.98%	-11.75%	-15.58%
Accrued Expenses	$1.408B	$1.545B	$1.600B	$1.896B	$2.121B
YoY Change	-8.87%	-3.44%	-15.61%	-10.61%
Deferred Revenue
YoY Change
Short-Term Debt	$24.83B	$23.42B	$5.292B	$3.443B	$4.738B	$251.0M	$483.0M	$970.0M	$617.0M	$3.569B	$4.138B	$2.864B	$3.566B	$5.673B	$8.106B	$10.79B	$8.825B	$6.144B	$5.521B	$6.522B	$7.157B	$5.184B	$5.558B	$7.095B	$8.392B
YoY Change	6.0%	342.59%	53.7%	-27.33%	1787.65%	-48.03%	-50.21%	57.21%	-82.71%	-13.75%	44.48%	-19.69%	-37.14%	-30.01%	-24.86%	22.24%	43.64%	11.28%	-15.35%	-8.87%	38.06%	-6.73%	-21.66%	-15.46%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$24.83B	$17.63B	$14.05B	$10.98B	$10.86B	$5.332B	$5.838B	$5.745B	$6.066B	$6.126B	$6.942B	$8.223B	$3.566B	$5.673B	$8.106B	$10.79B	$8.825B	$6.144B	$5.521B	$6.522B	$7.157B	$5.184B	$5.558B	$7.095B	$8.392B
YoY Change	40.87%	25.47%	27.97%	1.1%	103.64%	-8.67%	1.62%	-5.29%	-0.98%	-11.75%	-15.58%	130.59%	-37.14%	-30.01%	-24.86%	22.24%	43.64%	11.28%	-15.35%	-8.87%	38.06%	-6.73%	-21.66%	-15.46%
Long-Term Debt	$38.92B	$43.20B	$35.05B	$38.58B	$37.20B	$21.96B	$21.17B	$17.85B	$18.04B	$23.31B	$21.49B	$19.11B	$21.80B	$21.73B	$21.38B	$18.03B	$18.69B	$15.90B	$13.12B	$11.42B	$10.81B	$13.59B	$11.72B	$8.646B	$6.223B
YoY Change	-9.92%	23.26%	-9.16%	3.72%	69.39%	3.74%	18.61%	-1.05%	-22.63%	8.46%	12.45%	-12.33%	0.34%	1.66%	18.54%	-3.54%	17.54%	21.23%	14.88%	5.66%	-20.46%	15.93%	35.57%	38.94%
Other Long-Term Liabilities	$16.49B	$14.60B			$366.0M					$148.0M			$6.791B	$5.967B	$5.076B	$8.501B	$3.893B	$4.644B	$4.078B	$3.827B	$3.039B	$2.564B	$1.616B	$1.300B	$806.0M
YoY Change	12.93%												13.81%	17.55%	-40.29%	118.37%	-16.17%	13.88%	6.56%	25.93%	18.53%	58.66%	24.31%	61.29%
Total Long-Term Liabilities	$55.40B	$57.80B	$35.05B	$38.58B	$37.56B	$21.96B	$21.17B	$17.85B	$18.04B	$23.46B	$21.49B	$19.11B	$28.59B	$27.70B	$26.45B	$26.53B	$22.59B	$20.55B	$17.20B	$15.25B	$13.85B	$16.15B	$13.34B	$9.946B	$7.029B
YoY Change	-4.15%	64.91%	-9.16%	2.71%	71.06%	3.74%	18.61%	-1.05%	-23.12%	9.15%	12.45%	-33.15%	3.24%	4.71%	-0.31%	17.48%	9.92%	19.49%	12.79%	10.11%	-14.27%	21.11%	34.09%	41.5%
Total Liabilities	$476.2B	$494.7B	$472.0B	$438.4B	$406.7B	$195.6B	$192.0B	$189.4B	$182.6B	$162.5B	$160.3B	$163.3B	$157.2B	$140.6B	$149.6B	$136.0B	$120.0B	$109.6B	$98.04B	$89.63B	$80.53B	$72.83B	$64.72B	$61.13B	$54.74B
YoY Change	-3.74%	4.82%	7.65%	7.8%	107.95%	1.87%	1.37%	3.7%	12.36%	1.43%	-1.89%	3.93%	11.74%	-5.97%	10.0%	13.33%	9.47%	11.8%	9.38%	11.3%	10.58%	12.53%	5.87%	11.68%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding	1.332B shares	1.328B shares	1.337B shares	1.347B shares	805.1M shares	773.0M shares	799.2M shares	804.7M shares	748.0M shares	718.1M shares	703.0M shares	698.7M shares	696.5M shares	692.5M shares	629.6M shares
Diluted Shares Outstanding	1.332B shares	1.338B shares	1.349B shares	1.358B shares	815.2M shares	783.5M shares	811.0M shares	814.9M shares	757.8M shares	728.4M shares	714.4M shares	708.9M shares	705.2M shares	701.0M shares	635.6M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $61.358 Billion

About TRUIST FINANCIAL CORP

Truist Financial Corp. is a financial holding company, which engages in the provision of banking services to individuals, businesses, and municipalities. The company is headquartered in Charlotte, North Carolina and currently employs 17,500 full-time employees. As a commercial bank, Truist offers a range of products and services through its wholesale and consumer businesses, including consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending businesses. Its segments include Consumer and Small Business Banking (CSBB) and Wholesale Banking (WB). The CSBB segment serves consumer and small business clients, providing deposits and payment services, credit cards, loans, and mortgages through an extensive network of branches, ATMs, digital channels, contact centers, and other channels. The CSBB segment also serves as an entry point for clients to access services from other businesses. The WB segment is focused on providing core banking, cash management, payments, specialized lending, investment banking, capital markets, strategic advisory, and market-making.

Industry: National Commercial Banks Peers: CITIZENS FINANCIAL GROUP INC/RI FIFTH THIRD BANCORP M&T BANK CORP FIRST REPUBLIC BANK HUNTINGTON BANCSHARES INC /MD/ KEYCORP /NEW/ REGIONS FINANCIAL CORP PNC FINANCIAL SERVICES GROUP, INC. SVB FINANCIAL GROUP