Truist Financial (TFC) FY2015 results: revenue $9.6 billion, up 4.1% on the year
Truist Financial Corp. (TFC) reported revenue of $9.6 billion for fiscal 2015, the year ended 31 December 2015, up 4.1% on the year before. Net income was $1.9 billion, down 2.4%, and diluted earnings per share $2.56. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$9.6 billion
+4.1% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$1.9 billion
-2.4% on the year
FY2008FY2015
Diluted EPS
$2.56
-5.9% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
9,611
9,230
9,652
+4.1%
Interest expense
735
768
891
-4.3%
Pre-tax income
2,917
3,127
3,283
-6.7%
Income tax
794
921
1,553
-13.8%
Effective tax rate
27.2%
29.5%
47.3%
Net income
1,936
1,983
1,562
-2.4%
Net margin
20.1%
21.5%
16.2%
Diluted EPS
$2.56
$2.72
$2.19
-5.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
3,131
3,210
5,308
-2.5%
Cash from investing
-1,849
-4,015
-4,209
Cash from financing
104
965
-1,973
-89.2%
Share-based compensation
106
102
96.0
+3.9%
Buybacks
0.0
n/a
n/a
Dividends paid
789
666
765
+18.5%
Dividend per share
$1.05
$0.95
$0.92
+10.5%
Diluted shares, weighted
758m
728m
714m
+4.0%
Shares outstanding at period end
780m
721m
707m
+8.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
27,340
24,377
22,809
+12.2%
Deposits
149,124
129,040
127,475
+15.6%
Debt
27,362
27,029
25,631
+1.2%
Other liabilities
6,121
6,368
7,095
-3.9%
Total liabilities and equity
209,947
186,814
183,010
+12.4%
Fixed assets
2,007
1,827
1,869
+9.9%
Goodwill
8,548
6,869
6,814
+24.4%
Intangible assets
686
505
569
+35.8%
Securities held for sale or to maturity
43,827
41,147
18,101
+6.5%
Loans
134,491
118,410
114,185
+13.6%
Resale agreements
153
157
148
-2.5%
Trading assets
1,180
482
381
+144.8%
Cash and equivalents
4,167
2,325
2,165
+79.2%
Other assets
14,888
15,092
38,778
-1.4%
Total assets
209,947
186,814
183,010
+12.4%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.