Truist Financial Cost of Goods Sold 2010-2024 | TFC
Truist Financial annual/quarterly cost of goods sold history and growth rate from 2010 to 2024. Cost of goods sold can be defined as the difference between beginning and ending inventories for tangible products resulting in an expense that reflects production and sales costs.
- Truist Financial cost of goods sold for the quarter ending March 31, 2024 was $2.812B, a 46.69% increase year-over-year.
- Truist Financial cost of goods sold for the twelve months ending March 31, 2024 was $10.751B, a 164.54% increase year-over-year.
- Truist Financial annual cost of goods sold for 2023 was $9.856B, a 324.64% increase from 2022.
- Truist Financial annual cost of goods sold for 2022 was $2.321B, a 202.21% increase from 2021.
- Truist Financial annual cost of goods sold for 2021 was $0.768B, a 55.4% decline from 2020.
Truist Financial Annual Cost of Goods Sold
(Millions of US $) |
| 2023 |
$9,856 |
| 2022 |
$2,321 |
| 2021 |
$768 |
| 2020 |
$1,722 |
| 2019 |
$2,096 |
| 2018 |
$1,438 |
| 2017 |
$839 |
| 2016 |
$745 |
| 2015 |
$735 |
| 2014 |
$768 |
| 2013 |
$891 |
| 2012 |
$1,060 |
| 2011 |
$1,378 |
| 2010 |
$1,795 |
| 2009 |
$2,040 |
Truist Financial Quarterly Cost of Goods Sold
(Millions of US $) |
| 2024-03-31 |
$2,812 |
| 2023-12-31 |
$2,723 |
| 2023-09-30 |
$2,665 |
| 2023-06-30 |
$2,551 |
| 2023-03-31 |
$1,917 |
| 2022-12-31 |
$1,257 |
| 2022-09-30 |
$624 |
| 2022-06-30 |
$266 |
| 2022-03-31 |
$174 |
| 2021-12-31 |
$168 |
| 2021-09-30 |
$193 |
| 2021-06-30 |
$198 |
| 2021-03-31 |
$209 |
| 2020-12-31 |
$245 |
| 2020-09-30 |
$261 |
| 2020-06-30 |
$440 |
| 2020-03-31 |
$776 |
| 2019-12-31 |
$585 |
| 2019-09-30 |
$518 |
| 2019-06-30 |
$516 |
| 2019-03-31 |
$477 |
| 2018-12-31 |
$431 |
| 2018-09-30 |
$382 |
| 2018-06-30 |
$337 |
| 2018-03-31 |
$288 |
| 2017-12-31 |
$254 |
| 2017-09-30 |
$230 |
| 2017-06-30 |
$189 |
| 2017-03-31 |
$166 |
| 2016-12-31 |
$180 |
| 2016-09-30 |
$185 |
| 2016-06-30 |
$188 |
| 2016-03-31 |
$192 |
| 2015-12-31 |
$191 |
| 2015-09-30 |
$186 |
| 2015-06-30 |
$177 |
| 2015-03-31 |
$181 |
| 2014-12-31 |
$183 |
| 2014-09-30 |
$192 |
| 2014-06-30 |
$194 |
| 2014-03-31 |
$199 |
| 2013-12-31 |
$204 |
| 2013-09-30 |
$222 |
| 2013-06-30 |
$228 |
| 2013-03-31 |
$237 |
| 2012-12-31 |
$250 |
| 2012-09-30 |
$237 |
| 2012-06-30 |
$266 |
| 2012-03-31 |
$307 |
| 2011-12-31 |
$317 |
| 2011-09-30 |
$334 |
| 2011-06-30 |
$336 |
| 2011-03-31 |
$391 |
| 2010-12-31 |
$423 |
| 2010-09-30 |
$448 |
| 2010-06-30 |
$459 |
| 2010-03-31 |
$465 |
| 2009-12-31 |
$497 |
| 2009-09-30 |
$508 |
| 2009-06-30 |
$502 |
| 2009-03-31 |
$533 |
| Sector |
Industry |
Market Cap |
Revenue |
| Finance |
Banks - Major Regional |
$47.382B |
$33.246B |
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Truist Financial is the sixth largest commercial bank in the United States. The company conducts business operations primarily through its bank subsidiary, Truist Bank, and few other non-bank subsidiaries, serving consumers and commercial clients. It has the following operating segments: Consumer Banking and Wealth comprises Retail Community Banking, NCF&P, Wealth, Mortgage Banking and Dealer Retail Services. Corporate & Commercial Banking comprises Corporate and Investment Banking, Commercial Community Banking, Commercial Real Estate, and Grandbridge Real Estate Capital, LLC and Treasury Solutions product group. Insurance Holdings provides property and casualty, employee benefits, life insurance surety coverage, as well as title insurance. Others, Treasury & Corporate includes Truist Financial's investment securities portfolio, long-term debt, derivative instruments used for balance sheet hedging, short-term liquidity and funding activities, balance sheet risk management, as well as most real estate assets.
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