Overview
Truist Financial Corporation is a purpose-driven financial services company committed to inspire and build better lives and communities. Formed by the historic merger of equals of BB&T and SunTrust, Truist has a leading market share in many high-growth markets in the country. The company offers a wide range of products and services through its wholesale and consumer businesses, including consumer and small business banking, commercial banking,
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Read More corporate and investment banking, insurance, wealth management, payments, and specialized lending businesses. Financial products and services offered include deposits and payments, credit cards, loans, mortgages, brokerage and investment advisory services, and insurance solutions. Truist conducts its business operations primarily through its bank subsidiary, Truist Bank, and other nonbank subsidiaries.
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Read More corporate and investment banking, insurance, wealth management, payments, and specialized lending businesses. Financial products and services offered include deposits and payments, credit cards, loans, mortgages, brokerage and investment advisory services, and insurance solutions. Truist conducts its business operations primarily through its bank subsidiary, Truist Bank, and other nonbank subsidiaries.
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#
132
Fortune 1000 Revenue Rank
WILLIAM H ROGERS Junior
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Depository Credit Intermediation
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Credit Intermediation and Related Activities
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Finance and Insurance
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National commercial banks
Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Insurance Carriers
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Nondepository Credit Intermediation
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Other Financial Investment Activities
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Other Investment Pools and Funds
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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Modelled
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Actual
$24.25 billion
Actual
-33.68%
$531,176
DEC
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NYSE:TFC
Contacts
Get in Touch with 5 Principals* and 6,297 Contacts
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WILLIAM H ROGERS JuniorChairman of the Board and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$24.25 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $2,164 | $8,631 | $11,081 |
| Net Investing Cash | $18,598 | $22,858 | -$29,972 |
| Net Financing Cash | -$11,638 | -$22,266 | $20,017 |
| Net Change in Cash | $9,124 | $9,223 | $1,126 |
| Cash at Beginning of Period | $30,644 | $21,421 | $20,295 |
| Cash at End of Period | $39,768 | $30,644 | $21,421 |
| Capital Expenditure | $ | $ | -$564 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $39,768 | $30,230 | $21,421 |
| Accounts Receivable | $1,904 | $997 | $2,682 |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $5,592 | $6,002 | $6,880 |
| Intangible Assets | $5,258 | $5,287 | $7,430 |
| Total Assets | $531,176 | $535,349 | $555,255 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $ | $ | $ |
| Short-Term Debt | $17,634 | $20,776 | $19,743 |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $34,956 | $38,918 | $43,203 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $467,497 | $476,096 | $494,718 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $6,580 | $6,669 | $6,634 |
| Retained Earnings | $23,777 | $22,088 | $26,264 |
| Equity Summary | |||
| Total Equity | $63,679 | $59,101 | $60,514 |
| Shares Outstanding | 1,315,936,000 | 1,333,743,000 | 1,326,829,000 |