Truist Financial
TFC · NYSENational Commercial Banks · Fiscal year ends Dec 31
Net income was $5.3B. Net debt was $33.4B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Net interest incomeBanks | $13B | $14.3B | $14.5B | $14.1B | $14.4B |
| Interest expense | $768M | $2.3B | $9.9B | – | – |
| Pre-tax income | $8B | $7B | −$765M | −$601M | $6.3B |
| Income tax | $1.6B | $1.3B | $738M | −$556M | $1B |
| Net income | $6.4B | $6.3B | −$1B | $4.8B | $5.3B |
| Diluted EPS | 4.47 | 4.43 | −1.09 | 3.36 | 3.82 |
| Diluted shares | 1,349M | 1,338M | 1,332M | 1,331M | 1,303M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $20.3B | $21.4B | $30.6B | $39.8B | $36.4B |
| Net PP&E | $3.7B | $3.6B | $3.3B | $3.2B | $3.2B |
| Goodwill | $26.1B | $23.2B | $17.2B | $17.1B | $17.1B |
| Total assets | $541B | $555B | $535B | $531B | $548B |
| Short-term debt | $5.3B | $23.4B | $24.8B | $29.2B | $27.8B |
| Long-term debt | $35.9B | $43.2B | $38.9B | $35B | $42B |
| DepositsBanks | $416B | $413B | $396B | $391B | $400B |
| Total liabilities | $472B | $495B | $476B | $467B | $482B |
| Shareholders' equity | $69.3B | $60.5B | $59.3B | $63.7B | $65.2B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $7.9B | $11.1B | $8.6B | $2.2B | $5.7B |
| Capital expenditure | $442M | $564M | – | – | – |
| Free cash flow | $7.5B | $10.5B | – | – | – |
| Stock-based compensation | $320M | $261M | $298M | $292M | $317M |
| Acquisitions | $1.6B | $4.7B | $17M | – | – |
| Share buybacks | $1.6B | $250M | $0 | $1B | $2.5B |
| Dividends paid | $2.5B | $2.7B | $2.8B | $2.8B | $2.7B |
| Dividend per share | 1.86 | 2.00 | 2.08 | 2.08 | 2.08 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| EPS growth (YoY) | – | −0.9% | −124.6% | – | 13.7% |
| Return on equityBlank when equity is negative | 9.3% | 10.4% | −1.8% | 7.6% | 8.1% |
| Cash conversion (CFO ÷ net income) | 1.23x | 1.77x | −8.24x | 0.45x | 1.08x |
| Debt ÷ equity | 0.59x | 1.10x | 1.08x | 1.01x | 1.07x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $20.9B | $45.2B | $33.1B | $24.4B | $33.4B |
Recent filings
More in National Commercial Banks
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.