Truist Financial Corporation, established in 2019 through the merger of BB&T and SunTrust, is a major U.S. financial services provider offering retail and commercial banking, mortgage, and wealth management solutions. Led by CEO William H. Rogers III, it leverages an extensive branch network and digital platforms to serve a diverse customer base. With strong regional positioning in the Southeastern United States and ongoing investments in technology, Truist is well-positioned to capture growth in an evolving competitive landscape.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Net Interest Income
14,423,000
14,091,000
14,524,000
14,313,000
Non-Interest Income
5,896,000
(813,000)
5,498,000
5,660,000
Total Revenues Before Provision for Credit Losses
20,319,000
13,278,000
20,022,000
19,973,000
Provision for Credit Losses
1,894,000
1,870,000
2,109,000
777,000
Total Revenues After Provision for Credit Losses
18,425,000
11,408,000
17,913,000
19,196,000
Compensation Expenses
6,848,000
6,587,000
6,765,000
6,558,000
Selling, General & Administrative Expenses
3,716,000
3,574,000
3,435,000
3,669,000
Other Non-Interest Expenses
1,512,000
1,848,000
8,478,000
1,940,000
Total Non-Interest Expense
12,076,000
12,009,000
18,678,000
12,167,000
Income Before Provision for Income Taxes
6,349,000
(601,000)
(765,000)
7,029,000
Provision for Income Taxes
1,042,000
(556,000)
738,000
1,250,000
Consolidated Net Income
5,307,000
(45,000)
(1,503,000)
5,779,000
Net Income Attributable to Preferred Dividends
333,000
349,000
361,000
333,000
Net Income Attributable to Discontinued Operations
—
4,863,000
412,000
481,000
Net Income Attributable to Common Shareholders
4,974,000
4,469,000
(1,452,000)
5,927,000
Basic EPS
3.87
3.36
-1.09
4.46
Diluted EPS
3.82
3.36
-1.09
4.43
Basic Weighted Average Shares Outstanding
1,286,790
1,331,090
1,331,960
1,328,120
Diluted Weighted Average Shares Outstanding
1,302,700
1,331,090
1,331,960
1,338,460
Shares Outstanding
1,262,470
1,315,940
1,333,740
1,326,830
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
36,377,000
39,768,000
30,230,000
21,421,000
Securities and Investments
112,228,000
118,104,000
121,473,000
129,514,000
Short-Term Interbank Lending and Reverse Repurchase Agreements
3,200,000
2,550,000
2,378,000
3,181,000
Trading Assets
5,790,000
5,100,000
4,332,000
4,905,000
Gross Loans
330,478,000
307,771,000
313,341,000
327,435,000
Allowance for Loan Losses
(5,030,000)
(4,857,000)
(4,798,000)
(4,377,000)
Net Loans
323,565,000
301,526,000
307,263,000
321,614,000
Net Property, Plant & Equipment
3,172,000
3,225,000
3,298,000
3,605,000
Net Intangible Assets
5,228,000
5,258,000
5,287,000
7,430,000
Goodwill
17,125,000
17,125,000
17,156,000
27,013,000
Other Non-Earning Assets
38,970,000
37,132,000
42,652,000
35,128,000
Total Assets
547,538,000
531,176,000
535,349,000
555,255,000
Interest-bearing deposits
295,306,000
283,073,000
284,241,000
277,753,000
Noninterest-bearing deposits
105,092,000
107,451,000
111,624,000
135,742,000
Total Deposits
400,398,000
390,524,000
395,865,000
413,495,000
Short-Term Borrowings
27,839,000
29,205,000
24,828,000
23,422,000
Long-Term Debt
41,963,000
34,956,000
38,918,000
43,203,000
Other Liabilities
12,149,000
12,812,000
16,485,000
14,598,000
Total Liabilities
482,349,000
467,497,000
476,096,000
494,718,000
Preferred Stock
4,916,000
5,907,000
6,673,000
6,673,000
Common Stock
6,312,000
6,580,000
6,669,000
6,634,000
Additional Paid-in Capital
33,663,000
35,628,000
36,177,000
34,544,000
Accumulated Other Comprehensive Income
(5,769,000)
(8,213,000)
(12,506,000)
(13,601,000)
Retained Earnings
26,067,000
23,777,000
22,088,000
26,264,000
Total Common Shareholders' Equity
65,189,000
63,679,000
59,101,000
60,514,000
Minority Interests and Other
—
—
152,000
23,000
Total Shareholders' Equity
65,189,000
63,679,000
59,253,000
60,537,000
Total Liabilities and Shareholders' Equity
547,538,000
531,176,000
535,349,000
555,255,000
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
5,307,000
4,840,000
(1,047,000)
6,267,000
Depreciation & Amortization
837,000
979,000
1,215,000
1,366,000
Provision for Credit Losses
1,894,000
1,870,000
2,109,000
777,000
Net Change in Loans Held-for-Sale
(389,000)
(381,000)
213,000
2,479,000
Other Adjustments
551,000
2,629,000
6,083,000
(2,314,000)
Changes in Trading Assets
(690,000)
(768,000)
573,000
(482,000)
Changes in Other Operating Activities
(1,771,000)
(7,005,000)
(515,000)
2,988,000
Cash from Operating Activities
5,739,000
2,164,000
8,631,000
11,081,000
Net Change in Short-Term Interbank Lending and Reverse Repurchase Agreements
(650,000)
(172,000)
803,000
847,000
Net Change in Loans Held-for-Investment
(24,057,000)
4,178,000
12,202,000
(32,840,000)
Net Change in Securities and Investments
8,449,000
1,583,000
9,734,000
8,376,000
Payments for Business Acquisitions
—
12,174,000
(17,000)
(4,673,000)
Other Investing Activities
(1,505,000)
835,000
136,000
(1,682,000)
Cash from Investing Activities
(17,763,000)
18,598,000
22,858,000
(29,972,000)
Net Change in Deposits
9,874,000
(6,883,000)
(17,630,000)
(2,986,000)
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements
(1,345,000)
4,359,000
1,397,000
18,060,000
Issuance of Long-Term Debt
69,755,000
22,799,000
50,943,000
15,777,000
Repayments of Long-Term Debt
(63,084,000)
(26,797,000)
(55,018,000)
(7,297,000)
Net Issuance / (Repayments) of Long-Term Debt
6,671,000
(3,998,000)
(4,075,000)
8,480,000
Repurchases of Common Shares
(2,500,000)
(1,000,000)
—
(250,000)
Net Issuance / (Repurchases) of Common Shares
(2,500,000)
(1,000,000)
—
(250,000)
Repurchases of Preferred Shares
(1,000,000)
(750,000)
—
—
Net Issuance / (Repurchases) of Preferred Shares
(1,000,000)
(750,000)
—
—
Common Share Dividends Paid
(2,672,000)
(2,770,000)
(2,770,000)
(2,656,000)
Preferred Share Dividends Paid
(324,000)
(365,000)
(361,000)
(333,000)
Other Financing Activities
(71,000)
(231,000)
1,173,000
(298,000)
Cash from Financing Activities
8,633,000
(11,638,000)
(22,266,000)
20,017,000
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash