Truist Financial Profit Margin 2010-2023 | TFC
Current and historical gross margin, operating margin and net profit margin for Truist Financial (TFC) over the last 10 years. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. Truist Financial net profit margin as of December 31, 2023 is -3.28%.
| Truist Financial Annual Profit Margins |
| Truist Financial Quarterly Profit Margins |
| Sector |
Industry |
Market Cap |
Revenue |
| Finance |
Banks - Major Regional |
$49.113B |
$33.246B |
|
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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