Truist Financial (TFC) FY2021 results: revenue $19.7 billion, down 13.4% on the year
Truist Financial Corp. (TFC) reported revenue of $19.7 billion for fiscal 2021, the year ended 31 December 2021, down 13.4% on the year before. Net income was $6.0 billion, up 44.2%, and diluted earnings per share $4.47. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$19.7 billion
-13.4% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$6.0 billion
+44.2% on the year
FY2014FY2021
Diluted EPS
$4.47
+45.1% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
7,892
7,437
1,520
+6.1%
Capital expenditure
442
815
224
-45.8%
Free cash flow
7,450
6,622
1,296
+12.5%
Cash from investing
-32,056
-43,652
8,348
Cash from financing
25,591
36,018
5,353
-28.9%
Share-based compensation
259
353
165
-26.6%
Buybacks
1,616
0.0
0.0
Dividends paid
2,485
2,424
1,309
+2.5%
Dividend per share
$1.86
$1.80
$1.71
+3.3%
Diluted shares, weighted
1,349m
1,358m
815m
-0.7%
Shares outstanding at period end
1,328m
1,349m
1,342m
-1.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
69,271
70,912
66,558
-2.3%
Deposits
416,488
381,077
334,727
+9.3%
Debt
41,205
45,689
59,557
-9.8%
Other liabilities
14,277
11,550
12,236
+23.6%
Total liabilities and equity
541,241
509,228
473,078
+6.3%
Fixed assets
3,700
3,870
3,712
-4.4%
Goodwill
23,045
24,447
24,154
-5.7%
Intangible assets
3,408
2,984
3,142
+14.2%
Securities held for sale or to maturity
154,617
120,788
74,727
+28.0%
Loans
285,078
293,899
298,293
-3.0%
Resale agreements
4,028
1,745
1,417
+130.8%
Securities borrowed
568
587
431
-3.2%
Trading assets
4,423
3,872
5,733
+14.2%
Cash and equivalents
20,295
18,868
19,065
+7.6%
Other assets
42,079
38,168
42,404
+10.2%
Total assets
541,241
509,228
473,078
+6.3%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.