Truist Financial (TFC) FY2022 results: revenue $20.0 billion, up 1.5% on the year
Truist Financial Corp. (TFC) reported revenue of $20.0 billion for fiscal 2022, the year ended 31 December 2022, up 1.5% on the year before. Net income was $5.9 billion, down 1.8%, and diluted earnings per share $4.43. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$20.0 billion
+1.5% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$5.9 billion
-1.8% on the year
FY2015FY2022
Diluted EPS
$4.43
-0.9% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
11,081
7,892
7,437
+40.4%
Capital expenditure
564
442
815
+27.6%
Free cash flow
10,517
7,450
6,622
+41.2%
Cash from investing
-29,972
-32,056
-43,652
Cash from financing
20,017
25,591
36,018
-21.8%
Share-based compensation
261
259
353
+0.8%
Buybacks
250
1,616
0.0
-84.5%
Dividends paid
2,656
2,485
2,424
+6.9%
Dividend per share
$2.00
$1.86
$1.80
+7.5%
Diluted shares, weighted
1,338m
1,349m
1,358m
-0.8%
Shares outstanding at period end
1,327m
1,328m
1,349m
-0.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
60,537
69,271
70,912
-12.6%
Deposits
413,495
416,488
381,077
-0.7%
Debt
66,625
41,205
45,689
+61.7%
Other liabilities
14,598
14,277
11,550
+2.2%
Total liabilities and equity
555,255
541,241
509,228
+2.6%
Fixed assets
3,527
3,700
3,870
-4.7%
Goodwill
23,233
23,045
24,447
+0.8%
Intangible assets
2,313
3,408
2,984
-32.1%
Securities held for sale or to maturity
129,514
154,617
120,788
-16.2%
Loans
321,614
285,078
293,899
+12.8%
Resale agreements
3,181
4,028
1,745
-21.0%
Securities borrowed
766
568
587
+34.9%
Trading assets
4,905
4,423
3,872
+10.9%
Cash and equivalents
21,421
20,295
18,868
+5.5%
Other assets
44,781
42,079
38,168
+6.4%
Total assets
555,255
541,241
509,228
+2.6%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.