TFC Q1 2023 Earnings — Truist Financial Corporation Revenue & Financial Results | Market Cap Arena

TFCTruist Financial Corporation

$59B

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$7.2B+31.0% YoY

Gross Profit

$4.8B66.4% margin

Operating Income

$1.8B24.6% margin

Net Income

$1.5B21.0% margin

EPS (Diluted)

$1.05

QoQ Revenue Growth

-4.4%

Cash Flow

Operating Cash Flow

$118M

Free Cash Flow

$118M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$574.4B

Total Liabilities

$512.0B

Stockholders' Equity

$62.4B

Cash & Equivalents

$37.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7.2B	$5.5B	+31.0%
Gross Profit	$4.8B	$5.4B	-11.7%
Operating Income	$1.8B	$1.7B	+1.4%
Net Income	$1.5B	$1.4B	+6.9%