Truist Financial (TFC) financial statements
Truist Financial reported revenue of $20.3B in fiscal 2025, up 7.3% a year over 9 years.
Net income was $5.0B.
The diluted share count rose 60% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Truist Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.8B | $11.3B | $11.6B | $12.6B | $22.7B | $22.3B | $20.0B | $20.0B | $13.3B | $20.3B |
| Interest expense | $745M | $839M | $1.4B | $2.1B | $1.7B | $768M | $2.3B | $9.9B | — | — |
| Pre-tax income | $3.5B | $3.3B | $4.1B | $4.0B | $5.5B | $8.0B | $7.0B | -$765M | -$601M | $6.3B |
| Income tax | $1.1B | $911M | $803M | $782M | $981M | $1.6B | $1.2B | $738M | -$556M | $1.0B |
| Net income | $2.3B | $2.2B | $3.1B | $3.0B | $4.2B | $6.0B | $5.9B | -$1.5B | $4.5B | $5.0B |
| EPS (diluted) | $2.77 | $2.74 | $3.91 | $3.71 | $3.08 | $4.47 | $4.43 | -$1.09 | $3.36 | $3.82 |
| Diluted shares | 815M | 811M | 783M | 815M | 1.36B | 1.35B | 1.34B | 1.33B | 1.33B | 1.30B |
| Net margin | 20.9% | 19.6% | 26.5% | 24.1% | 18.4% | 27.1% | 29.7% | -7.3% | 33.7% | 24.5% |
Balance sheet
Fiscal years, from Truist Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $4.3B | $3.0B | $3.8B | $19.1B | $18.9B | $20.3B | $21.4B | $30.6B | $39.8B | $36.4B |
| Property, plant and equipment | $2.1B | $2.1B | $2.1B | $3.7B | $3.9B | $3.7B | $3.6B | $3.3B | $3.2B | $3.2B |
| Goodwill | $9.6B | $9.6B | $9.8B | $24.2B | $24.4B | $26.1B | $23.2B | $17.2B | $17.1B | $17.1B |
| Total assets | $219.3B | $221.6B | $225.7B | $473.1B | $509.2B | $541.2B | $555.3B | $535.3B | $531.2B | $547.5B |
| Total liabilities | $189.3B | $191.9B | $195.5B | $406.5B | $438.3B | $472.0B | $494.7B | $476.1B | $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 |
| Net debt | -$4.3B | -$3.0B | -$3.8B | -$19.1B | -$18.9B | -$20.3B | -$21.4B | -$30.6B | -$39.8B | -$36.4B |
Cash flow
Fiscal years, from Truist Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.1B | $4.6B | $4.3B | $1.5B | $7.4B | $7.9B | $11.1B | $8.6B | $2.2B | $5.7B |
| Capital spending | — | — | $363M | $224M | $815M | $442M | $564M | — | — | — |
| Free cash flow | — | — | $4.0B | $1.3B | $6.6B | $7.5B | $10.5B | — | — | — |
| Stock-based compensation | $115M | $132M | $141M | $165M | $353M | $320M | $261M | $298M | $292M | $317M |
| Dividends paid | $925M | $1.0B | $1.2B | $1.3B | $2.4B | $2.5B | $2.7B | $2.8B | $2.8B | $2.7B |
| Share buybacks (net) | -$520M | -$1.6B | -$1.2B | $0 | $0 | -$1.6B | -$250M | $0 | -$1.0B | -$2.5B |
| Net borrowing | -$2.0B | $1.4B | $236M | -$2.2B | -$1.6B | -$3.2B | $8.5B | -$4.1B | -$4.0B | $6.7B |
| Free cash flow margin | — | — | 34.5% | 10.3% | 29.2% | 33.4% | 52.7% | — | — | — |
| Dividends per share | $1.14 | $1.24 | $1.54 | $1.61 | $1.78 | $1.84 | $1.98 | $2.08 | $2.08 | $2.05 |
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What was Truist Financial's revenue in 2025?
$20.3B in fiscal 2025, from its 10-K filing.
From Truist Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.