Truist Financial
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Truist Financial's past years’ income statements indicate that its last revenue has increased compared to the previous period by 5% to $23,390,000,000. Profit margin reached -5%. Total operating expenses were $23,390,000,000.
Profit Margin
| 2014 | 8.97B | 2.15B | 23.96% |
|---|---|---|---|
| 2015 | 9.18B | 2.08B | 22.69% |
| 2016 | 10.22B | 2.42B | 23.74% |
| 2017 | 10.77B | 2.39B | 22.23% |
| 2018 | 10.99B | 3.23B | 29.45% |
| 2019 | 11.95B | 3.22B | 26.97% |
| 2020 | 20.37B | 4.48B | 22% |
| 2021 | 23.10B | 6.44B | 27.87% |
| 2022 | 22.25B | 6.26B | 28.12% |
| 2023 | 23.39B | -1.09B | -4.66% |
TFC-PI Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 23.39B | 22.25B | 23.10B | 20.37B | 11.95B | 10.99B | 10.77B | 10.22B | 9.18B | 8.97B |
Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 23.39B | 22.25B | 23.10B | 20.37B | 11.95B | 10.99B | 10.77B | 10.22B | 9.18B | 8.97B |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 297M | 352M | 294M | 273M | 137M | 102M | 94M | 4.81B | 4.17B | 3.86B |
Total operating expenses | 23.39B | 14.58B | 15.11B | 14.89B | 7.93B | 6.93B | 7.44B | 6.72B | 6.26B | 5.85B |
Operating income | 0 | 8.90B | 9.52B | 7.14B | 4.62B | 4.47B | 4.12B | 3.96B | 3.46B | 3.49B |
Other income (expenses), net | -185M | -1.24B | -1.53B | -2.71B | -605M | -411M | 3.18B | -465M | 2.79B | -1.56B |
Income before tax | -185M | 7.66B | 7.99B | 5.47B | 4.01B | 4.06B | 3.32B | 3.5B | 2.91B | 3.12B |
Income tax expense | 862M | 1.40B | 1.55B | 981M | 782M | 803M | 911M | 1.05B | 794M | 921M |
Net income | -1.09B | 6.26B | 6.44B | 4.48B | 3.22B | 3.23B | 2.39B | 2.42B | 2.08B | 2.15B |
Earnings per share | ||||||||||
Basic EPS | -1.09 | 4.46 | 4.51 | 3.11 | 3.76 | 4.19 | 2.78 | 2.81 | 2.59 | 2.76 |
Diluted EPS | -1.09 | 4.43 | 4.47 | 3.08 | 3.71 | 4.13 | 2.74 | 2.77 | 2.56 | 2.72 |
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