$TFC
TRUIST FINANCIAL CORP Stock $tfc

$tfc Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000009223023000067 Filed on July 31, 2023

Income Statement

Concept	2023 Q2
Revenue	$6.176B
YoY Change	68.15%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$301.0M
YoY Change	-12.75%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense	$2.551B
YoY Change	859.02%
% of Operating Profit
Other Income/Expense, Net	$221.0M
YoY Change
Pretax Income	$1.632B
YoY Change	-14.29%
Income Tax	$287.0M
% Of Pretax Income	17.59%
Net Earnings	$1.234B
YoY Change	-19.45%
Net Earnings / Revenue	19.98%
Basic Earnings Per Share	$0.93
Diluted Earnings Per Share	$0.92
COMMON SHARES
Basic Shares Outstanding	1.332B shares
Diluted Shares Outstanding	1.337B shares

Balance Sheet

Concept	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$30.01B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment	$4.581B
YoY Change	24.42%
Goodwill	$27.01B
YoY Change	2.71%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$5.927B
YoY Change	-7.48%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets	$554.5B
YoY Change	1.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$14.16B
YoY Change	19.6%
Accrued Expenses	$1.460B
YoY Change	-0.75%
Deferred Revenue
YoY Change
Short-Term Debt	$5.556B
YoY Change	-59.55%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$21.18B
YoY Change	59.1%
LONG-TERM LIABILITIES
Long-Term Debt	$44.75B
YoY Change	47.6%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$44.75B
YoY Change	47.6%
TOTAL LIABILITIES
Total Short-Term Liabilities	$21.18B
Total Long-Term Liabilities	$44.75B
Total Liabilities	$491.0B
YoY Change	1.85%
SHAREHOLDERS EQUITY
Retained Earnings	$27.58B
YoY Change	12.56%
Common Stock	$6.660B
YoY Change	0.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$63.53B
YoY Change
Total Liabilities & Shareholders Equity	$554.5B
YoY Change	1.73%

Cashflow Statement

Concept	2023 Q2
OPERATING ACTIVITIES
Net Income	$1.234B
YoY Change	-19.45%
Depreciation, Depletion And Amortization	$301.0M
YoY Change	-12.75%
Cash From Operating Activities	$3.730B
YoY Change	-5.93%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$11.57B
YoY Change	-207.39%
Cash From Investing Activities	$11.57B
YoY Change	-207.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-21.88B
YoY Change	-2845.67%
NET CHANGE
Cash From Operating Activities	3.730B
Cash From Investing Activities	11.57B
Cash From Financing Activities	-21.88B
Net Change In Cash	-6.586B
YoY Change	9.6%
FREE CASH FLOW
Cash From Operating Activities	$3.730B
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2022Q4	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherAssets
CY2022Q4	us-gaap	Finance Lease Liability Statement Of Financial Position Extensible List FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilities
CY2023Q2	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilities
CY2023Q2	us-gaap	Finance Lease Liability Statement Of Financial Position Extensible List FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilities
CY2022Q4	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilities
CY2023Q2	us-gaap	Hedged Liability Statement Of Financial Position Extensible Enumeration HedgedLiabilityStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2023#OtherLiabilities
CY2022Q4	us-gaap	Hedged Liability Statement Of Financial Position Extensible Enumeration HedgedLiabilityStatementOfFinancialPositionExtensibleEnumeration	http://fasb.org/us-gaap/2023#OtherLiabilities
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CY2022Q2	us-gaap	Other Noninterest Expense OtherNoninterestExpense	152000000	usd
	us-gaap	Other Noninterest Expense OtherNoninterestExpense	541000000	usd
	us-gaap	Other Noninterest Expense OtherNoninterestExpense	334000000	usd
CY2022Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	250000000	usd
CY2022Q2	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	639000000	usd
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CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	96000000	usd
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	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	227000000	usd
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	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	173000000	usd
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	us-gaap	Profit Loss ProfitLoss	2860000000	usd
	us-gaap	Profit Loss ProfitLoss	2948000000	usd
	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	1040000000	usd
	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	76000000	usd
	us-gaap	Depreciation Nonproduction DepreciationNonproduction	350000000	usd
	us-gaap	Depreciation Nonproduction DepreciationNonproduction	397000000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	267000000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	280000000	usd
	us-gaap	Gain Loss On Investments GainLossOnInvestments	0	usd
	us-gaap	Gain Loss On Investments GainLossOnInvestments	-70000000	usd
	us-gaap	Increase Decrease In Loans Held For Sale IncreaseDecreaseInLoansHeldForSale	580000000	usd
	us-gaap	Increase Decrease In Loans Held For Sale IncreaseDecreaseInLoansHeldForSale	-395000000	usd
	tfc	Increase Decrease In Servicing Asset IncreaseDecreaseInServicingAsset	-45000000	usd
	tfc	Increase Decrease In Servicing Asset IncreaseDecreaseInServicingAsset	-638000000	usd
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	1388000000	usd
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	468000000	usd
	us-gaap	Increase Decrease In Derivative Assets IncreaseDecreaseInDerivativeAssets	-414000000	usd
	us-gaap	Increase Decrease In Derivative Assets IncreaseDecreaseInDerivativeAssets	-2143000000	usd
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-808000000	usd
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	807000000	usd
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-592000000	usd
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	228000000	usd
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-470000000	usd
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-391000000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	3848000000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	3777000000	usd
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	4000000	usd
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	3198000000	usd
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	3518000000	usd
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	8285000000	usd
	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	282000000	usd
	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	8658000000	usd
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities	1918000000	usd
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	us-gaap	Payments To Acquire Held To Maturity Securities PaymentsToAcquireHeldToMaturitySecurities	0	usd
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	us-gaap	Financing Receivable Year One Originated Current Fiscal Year Writeoff FinancingReceivableYearOneOriginatedCurrentFiscalYearWriteoff	45000000	usd
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CY2022Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	23000000	usd
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	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.04
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.96
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Files In Submission

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$TFC
TRUIST FINANCIAL CORP Stock $tfc

2023 Q2 Form 10-Q Financial Statement

#000009223023000067 Filed on July 31, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TFC TRUIST FINANCIAL CORP Stock $tfc

2023 Q2 Form 10-Q Financial Statement

#000009223023000067 Filed on July 31, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TFC
TRUIST FINANCIAL CORP Stock $tfc