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Truist Financial (Truist Financial) Retained Earnings : $22,088 Mil (As of Dec. 2023)


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What is Truist Financial Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Truist Financial's retained earnings for the quarter that ended in Dec. 2023 was $22,088 Mil.

Truist Financial's quarterly retained earnings increased from Jun. 2023 ($27,577 Mil) to Sep. 2023 ($27,944 Mil) but then declined from Sep. 2023 ($27,944 Mil) to Dec. 2023 ($22,088 Mil).

Truist Financial's annual retained earnings increased from Dec. 2021 ($22,998 Mil) to Dec. 2022 ($26,264 Mil) but then declined from Dec. 2022 ($26,264 Mil) to Dec. 2023 ($22,088 Mil).


Truist Financial Retained Earnings Historical Data

The historical data trend for Truist Financial's Retained Earnings 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.

* Premium members only.

Truist Financial Retained Earnings Chart

Truist Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19,806.00 19,455.00 22,998.00 26,264.00 22,088.00

Truist Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27,038.00 27,577.00 27,944.00 22,088.00 22,483.00

Truist Financial Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Truist Financial  (NYSE:TFC) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Truist Financial (Truist Financial) Business Description

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