Truist Financial (Truist Financial) Credit Losses Provision : $2,107 Mil (As of Dec. 2023)

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What is Truist Financial Credit Losses Provision?

Truist Financial's credit losses provision for the three months ended in Dec. 2023 was $572 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $2,107 Mil.

Truist Financial's quarterly credit losses provision declined from Jun. 2023 ($538 Mil) to Sep. 2023 ($497 Mil) but then increased from Sep. 2023 ($497 Mil) to Dec. 2023 ($572 Mil).

Truist Financial's annual credit losses provision increased from Dec. 2021 ($-813 Mil) to Dec. 2022 ($777 Mil) and increased from Dec. 2022 ($777 Mil) to Dec. 2023 ($2,109 Mil).

Truist Financial Credit Losses Provision Historical Data

The historical data trend for Truist Financial's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Truist Financial Credit Losses Provision Chart

Truist Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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615.00

2,335.00

-813.00

777.00

2,109.00

Truist Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															502.00	538.00	497.00	572.00	500.00

Truist Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,107 Mil.

Truist Financial (Truist Financial) Business Description

Industry

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Address

214 North Tryon Street, Charlotte, NC, USA, 28202

Website

https://www.truist.com

Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments, the primary one being its insurance brokerage business.

Executives

Rogers William H Jr	officer: President and COO	214 N TRYON STREET, CHARLOTTE NC 28202
Charles A Patton	director	214 N TRYON STREET, CHARLOTTE NC 28202
David M Ratcliffe	director	214 N TRYON STREET, CHARLOTTE NC 28202
Steven C Voorhees	director	214 N TRYON STREET, CHARLOTTE NC 28202
Kelly S King	officer: President- BB&T Corporation	214 N TRYON STREET, CHARLOTTE NC 28202
Denise M Demaio	officer: Chief Audit Officer	214 N TRYON STREET, CHARLOTTE NC 28202
Joseph M Thompson	officer: Sr. Executive Vice President	214 N TRYON STREET, CHARLOTTE NC 28202
Michael Baron Maguire	officer: Sr. Executive Vice President	214 N TRYON STREET, CHARLOTTE NC 28202
Cummins Hugh S. Iii	officer: Sr. Executive Vice President	214 N TRYON STREET, CHARLOTTE NC 28202
David Hudson Weaver	officer: Sr. Executive Vice President	214 N TRYON STREET, CHARLOTTE NC 28202
Starnes Clarke R Iii	officer: Sr. Executive Vice President	214 N TRYON STREET, CHARLOTTE NC 28202
Daryl N. Bible	officer: Executive Vice President	214 N TRYON STREET, CHARLOTTE NC 28202
Boyer K. David Jr.	director	214 N TRYON STREET, CHARLOTTE NC 28202
John M Howard	officer: Chief Insurance Officer	214 N TRYON STREET, CHARLOTTE NC 28202
Brantley J Standridge	officer: Sr. Exec. Vice President	214 N TRYON STREET, CHARLOTTE NC 28202