TFC Q3 2023 Earnings — Truist Financial Corporation Revenue & Financial Results | Market Cap Arena

TFCTruist Financial Corporation

$59B

Q3 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$7.6B+16.8% YoY

Gross Profit

$4.4B57.8% margin

Operating Income

$1.3B17.4% margin

Net Income

$1.2B15.6% margin

EPS (Diluted)

$0.80

QoQ Revenue Growth

+0.1%

Cash Flow

Operating Cash Flow

$2.4B

Free Cash Flow

$2.4B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$542.7B

Total Liabilities

$480.7B

Stockholders' Equity

$61.8B

Cash & Equivalents

$29.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7.6B	$6.5B	+16.8%
Gross Profit	$4.4B	$5.6B	-22.1%
Operating Income	$1.3B	$2.0B	-34.4%
Net Income	$1.2B	$1.6B	-27.9%