TFC Q2 2023 Earnings — Truist Financial Corporation Revenue & Financial Results | Market Cap Arena

TFCTruist Financial Corporation

$59B

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$7.6B+27.6% YoY

Gross Profit

$4.4B58.8% margin

Operating Income

$1.4B18.5% margin

Net Income

$1.3B17.3% margin

EPS (Diluted)

$0.92

QoQ Revenue Growth

+4.9%

Cash Flow

Operating Cash Flow

$3.7B

Free Cash Flow

$3.7B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$554.5B

Total Liabilities

$490.9B

Stockholders' Equity

$63.5B

Cash & Equivalents

$30.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7.6B	$5.9B	+27.6%
Gross Profit	$4.4B	$5.5B	-18.9%
Operating Income	$1.4B	$1.9B	-26.5%
Net Income	$1.3B	$1.5B	-14.5%