TFC Q1 2024 Earnings — Truist Financial Corporation Revenue & Financial Results | Market Cap Arena

TFCTruist Financial Corporation

$59B

Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$7.6B+5.9% YoY

Gross Profit

$4.3B56.6% margin

Operating Income

$1.4B17.9% margin

Net Income

$1.2B15.7% margin

EPS (Diluted)

$0.81

QoQ Revenue Growth

-9.4%

Cash Flow

Operating Cash Flow

-$990M

Free Cash Flow

-$990M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$535.0B

Total Liabilities

$475.9B

Stockholders' Equity

$58.8B

Cash & Equivalents

$34.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7.6B	$7.2B	+5.9%
Gross Profit	$4.3B	$4.8B	-9.8%
Operating Income	$1.4B	$1.8B	-22.9%
Net Income	$1.2B	$1.5B	-20.9%