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Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through two segments, Consumer and Small Business Banking; and Wholesale Banking. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; credit card lending; home equity and mortgage lending; other direct retail lending; home mortgage lending; Investment brokerage services; mobile/online banking; payment solutions; point-of-sale lending; retail and small business deposit products; and small business lending. In addition, it offers asset-based lending, commercial deposit and treasury services; commercial lending; floor plan lending; derivatives; institutional trust services; insurance premium finance; international banking; investment banking and capital markets services; leasing; merchant services; mortgage warehouse lending; real estate lending; supply chain financing; and wealth management/private banking. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $20.3B | - | $5.3B | $5.7B | 8.8% | 53.0% | 10.1% |
| 2024 | $13.3B | - | $4.8B | $2.2B | 8.3% | -33.7% | -541.6% |
| 2023 | $20.0B | - | $-1.1B | $8.6B | -2.1% | 0.2% | -117.4% |
| 2022 | $20.0B | - | $6.3B | $11.1B | 11.6% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 19,973 | 20,022 | 13,278 | 20,319 |
| Pretax Income | - | 7,029 | -765 | -601 | 6,349 |
| Tax Provision | - | 1,250 | 738 | -556 | 1,042 |
| Net Income | - | 6,260 | -1,091 | 4,818 | 5,307 |
| Net Income Common Stockholders | - | 5,927 | -1,452 | 4,469 | 4,974 |
| Interest Expense | - | 2,321 | 9,928 | 10,975 | 10,119 |
| Interest Income | - | 16,634 | 24,452 | 25,066 | 24,542 |
| Selling General And Administration | - | 6,879 | 7,025 | 6,855 | 7,147 |
| Normalized Income | - | 6,155.05 | 3,254.62 | 27.80 | 5,546.10 |
| Market Cap | 63,203.44 | 63,203.44 | 63,203.44 | 63,203.44 | 63,203.44 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Truist Financial Corporationthis co. | TFC | $69.5B | 11.91↓ discount | 1.05 | 8.8% | - |
| Marsh & McLennan Companies, Inc. | MRSH | $83.4B | 19.70 | 5.43 | 27.5% | 13.59 |
| Moody's Corporation | MCO | $81.7B | 32.40 | 19.65 | 60.7% | 21.75 |
| Robinhood Markets, Inc. | HOOD | $75.2B | 40.50 | 8.34 | 20.6% | 38.36 |
| Aon plc | AON |
| - |
| - |
| - |
| - |
| - |
| - |
| $69.4B |
| 18.68 |
| 7.38 |
| 39.5% |
| 12.83 |
| The Travelers Companies, Inc. | TRV | $68.4B | 10.24 | 1.96 | 19.1% | - |
| Aflac Incorporated | AFL | $61.1B | 16.20 | 2.00 | 12.4% | - |
| The Allstate Corporation | ALL | $56.8B | 5.35 | 1.92 | 35.9% | - |
| Arthur J. Gallagher & Co. | AJG | $55.2B | 37.06 | 2.37 | 6.4% | 18.57 |
| Peer Median | - | 19.19 | 3.90 | 24.1% | 18.57 | |