TRUIST FINANCIAL CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data TRUIST FINANCIAL CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	137	146
Selling and marketing		94	102	137	273	294	321	260	268	299
Interest expense	745	839	1,438	2,096	1,722	768	2,321	9,856
Pre-tax income	3,500	3,326	4,060	4,019	5,473	7,993	7,029	-765	-601	6,349
Income tax	1,058	911	803	782	981	1,556	1,250	738	-556	1,042
Income from continuing operations							5,779	-1,503	-45	5,307
Net income to minority interests	16	21	20	13	10	-3	7	44	22	0
Net income	2,259	2,220	3,063	3,028	4,184	6,033	5,927	-1,452	4,469	4,974
EPS, basic	2.81	2.78	3.96	3.76	3.11	4.51	4.46	-1.09	3.36	3.87
EPS, diluted	2.77	2.74	3.91	3.71	3.08	4.47	4.43	-1.09	3.36	3.82
Shares, basic (weighted)	805	799	773	805	1,347	1,337	1,328	1,332	1,331	1,287
Shares, diluted (weighted)	815	811	783	815	1,358	1,349	1,338	1,332	1,331	1,303
Dividend per share	1.15	1.26	1.56	1.71	1.80	1.86	2.00	2.08	2.08	2.08

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	4,280	2,956	3,844	19,065	18,868	20,295	21,421	30,644	39,768	36,377
Property, plant and equipment	2,107	2,055	2,118	3,712	3,870	3,700	3,605	3,298	3,225	3,172
Lease right-of-use assets				1,823	1,333	1,168	1,193	1,057	1,015	1,045
Goodwill	9,638	9,618	9,818	24,154	24,447	26,098	23,233	17,156	17,125	17,125
Intangible assets	854	711	758	3,142	2,984	3,408	3,672	1,909	1,550	1,256
Total assets	219,276	221,642	225,697	473,078	509,228	541,241	555,255	535,349	531,176	547,538
Short-term debt	1,406	4,938	5,178	18,218	6,092	5,292	23,422	24,828	29,205	27,839
Total liabilities	189,350	191,947	195,519	406,520	438,316	471,970	494,718	476,096	467,497	482,349
Total debt	21,965	23,648	23,709	41,339	39,597	35,913	43,203	38,918	34,956	41,963
Paid-in capital	9,104	7,893	6,849	35,609	35,843	34,565	34,544	36,177	35,628	33,663
Retained earnings	14,809	16,259	18,118	19,806	19,455	22,998	26,264	22,088	23,777	26,067
Other comprehensive income	-1,132	-1,467	-1,715	-844	716	-1,604	-13,601	-12,506	-8,213	-5,769
Shareholders' equity									63,679	65,189
Minority interests	45	47	56	174	105	0	23	152	0
Total equity	29,926	29,695	30,178	66,558	70,912	69,271	60,537	59,253	63,679	65,189
Total liabilities and equity	219,276	221,642	225,697	473,078	509,228	541,241	555,255	535,349	531,176	547,538
Shares outstanding	809	782	763	1,342	1,349	1,328	1,327	1,334	1,316	1,262

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	2,442	2,415	3,257	3,237	4,492	6,437	6,267	-1,047	4,840	5,307
Stock-based compensation	115	132	141	165	353	320	261	298	292	317
Deferred income tax	2	292	23	328	-153	352	370	-409	-27	-125
Cash from operations	3,115	4,635	4,349	1,520	7,437	7,892	11,081	8,631	2,164	5,739
Capital expenditures			-363	-224	-815	-442	-564
Acquisitions	-726	0	-296	6,256	-2,439	-1,638	-4,673	-17
Purchases of investments	-10,033	-7,397	-4,722	-42,646	-72,808	-70,775	-9,357	-4,230	-44,741	-14,475
Sales and maturities of investments	5,888	4,800	3,674	4,797	24,627	33,968	12,299	10,009	14,907	16,457
Cash from investing	-976	-5,410	-4,963	8,348	-43,652	-32,056	-29,972	22,858	18,598	-17,763
Debt issued	3,878	8,883	2,769	7,084	26,644	4,728	15,777	50,943	22,799	69,755
Debt repaid	-5,849	-7,453	-2,533	-9,265	-28,278	-7,959	-7,297	-55,018	-26,797	-63,084
Share buybacks	-520	-1,613	-1,205	0	0	-1,616	-250	0	-1,000	-2,500
Dividends paid	-925	-1,005	-1,204	-1,309	-2,424	-2,485	-2,656	-2,770	-2,770	-2,672
Cash from financing	-1,882	-549	1,502	5,353	36,018	25,591	20,017	-22,266	-11,638	8,633
Net change in cash	257	-1,324	888	15,221	-197	1,427	1,126	9,223	9,124	-3,391
Free cash flow			3,986	1,296	6,622	7,450	10,517
Interest paid	775	819	1,408	1,921	1,834	859	2,007	9,138	11,340	10,073
Income taxes paid	844	429	99	443	126	792	479	780	830	192

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $47.66 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	14.2%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	8.6%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.0%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	11.3%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-5.7%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	3.5%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	13.7%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-4.8%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	4.4%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	165.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-19.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-5.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	1.3%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	2.9%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	2.4%	Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y	3.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-0.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	1.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-2.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.9%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.8%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.67x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	7.7%	Total debt / total assets.
Liabilities / assets	88.5%	Total liabilities / total assets.
Net debt	$3.69B	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	3.3%	(Goodwill + intangible assets) / total assets.
Tangible book value	$45.84B	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$4.47	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share	$4.68	Cash from operations / diluted weighted shares.
Book value per share	$52.47	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$37.52	Tangible book value / shares outstanding.
Cash per share	$32.16	(Cash + short-term investments) / shares outstanding.
Payout ratio	47.1%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$58.22B	Share price x shares outstanding.
Enterprise value	$61.91B	Market cap + total debt - cash - short-term investments.
P/E	10.5x	Market cap / net income. Only when net income is positive.
P/B	0.91x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.27x	Market cap / tangible book value, when positive.
P/OCF	10.0x	Market cap / cash from operations, when positive.
Earnings yield	9.5%	Net income / market cap (the inverse of P/E).
Dividend yield	4.5%	Dividends paid over the period / market cap.
Shareholder yield	10.6%	(Dividends paid + share buybacks) / market cap.

Was TRUIST FINANCIAL CORP profitable in fiscal 2025?

Yes. Net income was $4.97B, a net margin of -.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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