Net Income for Truist Financial (TFC)
According to Truist Financial's latest reported financial statements, the company's current net income (TTM) is $5.53B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$5.53B
YoY change
+10.1%
5Y CAGR
+3.4%
Peak year (2021)
$6.44B
Cumulative net income
$63.16B
Net Income history chart for Truist Financial (TFC) from 1985 to 2025
Net Income history table for Truist Financial (TFC) from 1985 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $5.31B | +10.1% | ||
| 2024 | $4.82B | -541.6% | ||
| 2023 | -$1.09B | -117.4% | ||
| 2022 | $6.26B | -2.8% | ||
| 2021 | $6.44B | +43.7% | ||
| 2020 | $4.48B | +39.0% | ||
| 2019 | $3.22B | -0.4% | ||
| 2018 | $3.24B | +35.2% | ||
| 2017 | $2.39B | -1.3% | ||
| 2016 | $2.43B | +16.4% | ||
| 2015 | $2.08B | -2.2% | ||
| 2014 | $2.13B | +26.8% | ||
| 2013 | $1.68B | -15.1% | ||
| 2012 | $1.98B | +53.5% | ||
| 2011 | $1.29B | +58.0% | ||
| 2010 | $816.00M | -4.3% | ||
| 2009 | $853.00M | -43.8% | ||
| 2008 | $1.52B | -12.4% | ||
| 2007 | $1.73B | +13.5% | ||
| 2006 | $1.53B | -7.6% | ||
| 2005 | $1.65B | +6.2% | ||
| 2004 | $1.56B | +46.3% | ||
| 2003 | $1.06B | -18.3% | ||
| 2002 | $1.30B | +33.8% | ||
| 2001 | $973.64M | +39.4% | ||
| 2000 | $698.49M | -10.3% | ||
| 1999 | $778.73M | +19.5% | ||
| 1998 | $651.74M | +58.5% | ||
| 1997 | $411.20M | +19.8% | ||
| 1996 | $343.30M | +51.0% | ||
| 1995 | $227.30M | +105.0% | ||
| 1994 | $110.90M | +40.0% | ||
| 1993 | $79.20M | +58.1% | ||
| 1992 | $50.10M | +62.7% | ||
| 1991 | $30.80M | +34.5% | ||
| 1990 | $22.90M | -10.9% | ||
| 1989 | $25.70M | +19.0% | ||
| 1988 | $21.60M | +20.0% | ||
| 1987 | $18.00M | +20.8% | ||
| 1986 | $14.90M | +44.7% | ||
| 1985 | $10.30M | — |
Net Income values are taken from Truist Financial's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual net income for Truist Financial (TFC) came in at $5.31B – grew 10.1% year-over-year.
Over 2020–2025 (5 years), Truist Financial net income expanded at a +3.4% compound annual rate, sustaining 2 straight years of year-over-year growth.
Truist Financial net income declined from $6.44B in 2021 to $5.31B in 2025, a 17.6% drawdown.
Across the available history, net income reached its high of $6.44B in 2021 and its low of -$1.09B in 2023.
Within Financial Services, Truist Financial (TFC) ranks 9th among 8 peers we track. The peer median for net income is $20.70B.
Truist Financial Net Income by Year
Truist Financial Net Income 2025: $5.31B
Truist Financial net income in 2025 was $5.31B, grew 10.1% from 2024.
Truist Financial Net Income 2024: $4.82B
Truist Financial net income in 2024 was $4.82B, plunged 541.6% below 2023.
Truist Financial Net Income 2023: -$1.09B
Truist Financial net income in 2023 was -$1.09B, plunged 117.4% below 2022. This figure represents the lowest annual value in the available history.
Truist Financial Net Income 2022: $6.26B
Truist Financial net income in 2022 was $6.26B, edged down 2.8% below 2021.
Truist Financial Net Income 2021: $6.44B
Truist Financial net income in 2021 was $6.44B.
See more financial history for Truist Financial (TFC).
Sector peers — Net Income
Companies in the same sector as Truist Financial, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Berkshire Hathaway Inc. (BRK-B) | $66.97B | Financial Services |
| JPMorgan Chase & Co. (JPM) | $57.05B | Financial Services |
| Bank of America Corporation (BAC) | $30.51B | Financial Services |
| Wells Fargo & Company (WFC) | $21.34B | Financial Services |
| Visa Inc. (V) | $20.06B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $17.18B | Financial Services |
| Morgan Stanley (MS) | $16.86B | Financial Services |
| Mastercard Incorporated (MA) | $14.97B | Financial Services |
Frequently asked questions
What is Truist Financial's net income?
- Latest reported net income for Truist Financial (TFC) is $5.53B (period ending March 31, 2026).
How has Truist Financial net income changed year-over-year?
- Truist Financial (TFC) net income changed +10.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Truist Financial net income?
- Truist Financial (TFC) net income compound annual growth rate is +3.4% over the most recent 5 years available.
When did Truist Financial net income hit its highest annual value?
- Truist Financial net income reached its highest annual value of $6.44B in 2021.
What was Truist Financial net income in 2024?
- Truist Financial (TFC) net income in 2024 was $4.82B.
What was Truist Financial net income in 2025?
- Truist Financial (TFC) net income in 2025 was $5.31B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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