Truist Financial Corporation (TFC) Balance Sheet
TFC balance sheet, 2025
December 31, 2025 · U.S. dollars$547.54B assets = $482.35B liabilities + $65.19B equity
Both columns are drawn to the same scale: what TFC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TFC financial health
Descriptive bands, not a rating. Fiscal 2025.
TFC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $219.28B2016 | $547.54B2025 | +10.7%/yr | |
| Total liabilities | $189.35B2016 | $482.35B2025 | +10.9%/yr | |
| Shareholders’ equity | $29.88B2016 | $65.19B2025 | +9.1%/yr | |
| Cash & short-term investments | $31.01B2016 | $45.37B2025 | +4.3%/yr | |
| Total debt | $24.78B2016 | $69.80B2025 | +12.2%/yr | |
| Net cash (debt) | $6.23B2016 | −$24.43B2025 | −$30.7B | |
| Working capital | −$136.12B2016 | −$57.42B2025 | +$78.7B | |
| Book value per share | $36.672016 | $50.732025 | +3.7%/yr | |
| Debt / equity | 0.832016 | 1.072025 | +0.24 | |
| Shares outstanding | 814.9M2016 | 1.29B2025 | +5.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TFC assets
TFC liabilities and equity
TFC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TFC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $45.37B | $44.32B | $97.60B | $93.22B | $173.42B | $139.66B | $93.79B | $28.88B | $27.26B | $31.01B |
| Cash & equivalents | $36.38B | $39.77B | $30.23B | $21.42B | $20.30B | $18.87B | $19.07B | $3.84B | $2.71B | $3.94B |
| Short-term investments | $8.99B | $4.55B | $67.37B | $71.80B | $153.12B | $120.79B | $74.73B | $25.04B | $24.55B | $27.07B |
| Receivables | $325.45B | $13.28B | $10.98B | $11.77B | $10.34B | $9.45B | $15.79B | $6.42B | $1.90B | $1.67B |
| Inventory | $0 | $0 | −$7.89B | −$11.77B | −$39.87B | −$34.25B | −$31.82B | −$11.0M | $57.0M | $77.0M |
| Other current assets | $0 | $1.06B | $8.98B | $12.93B | $41.02B | $35.49B | $33.07B | $613.0M | $0 | $0 |
| Total current assets | $370.81B | $58.66B | $109.66B | $106.16B | $184.91B | $150.35B | $110.83B | $35.91B | $29.16B | $32.68B |
| Property, plant & equipment (net) | $3.17B | $5.59B | $6.00B | $6.88B | $6.96B | $7.01B | $7.43B | $3.49B | $2.06B | $2.11B |
| Goodwill & intangible assets | $18.38B | $22.38B | $22.44B | $34.44B | $32.14B | $29.45B | $29.93B | $11.70B | $11.38B | $11.54B |
| Long-term investments | $115.85B | $121.53B | $124.59B | $134.42B | $159.04B | $299.96B | $298.29B | $169.00B | $166.34B | $160.23B |
| Other non-current assets | $39.32B | $323.01B | $272.65B | $273.36B | $158.19B | $22.45B | $26.60B | $5.60B | $12.70B | $12.72B |
| Total assets | $547.54B | $531.18B | $535.35B | $555.25B | $541.24B | $509.23B | $473.08B | $225.70B | $221.64B | $219.28B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $413.50B | $416.49B | $381.08B | $334.73B | $5.43B | $5.99B | $5.75B |
| Short-term debt | $27.84B | $27.31B | $23.20B | $21.87B | $4.97B | $5.71B | $17.54B | $5.18B | $4.94B | $2.81B |
| Deferred revenue | — | — | — | −$13.60B | — | — | — | −$53.02B | −$150.04B | −$50.70B |
| Total current liabilities | $428.24B | $417.83B | $419.07B | $435.37B | $421.46B | $386.78B | $352.26B | $171.81B | $168.30B | $168.79B |
| Long-term debt | $41.96B | $32.56B | $34.72B | $43.20B | $35.91B | $39.60B | $41.34B | $23.71B | $23.65B | $21.96B |
| Other long-term liabilities | $12.15B | $17.11B | $22.31B | $16.15B | $14.60B | $11.94B | $12.92B | $0 | $0 | $0 |
| Total liabilities | $482.35B | $467.50B | $476.10B | $494.72B | $471.97B | $438.32B | $406.52B | $195.52B | $191.95B | $189.35B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $6.31B | $6.58B | $6.67B | $6.63B | $6.64B | $6.75B | $6.71B | $3.82B | $3.91B | $4.05B |
| Retained earnings (deficit) | $26.07B | $23.78B | $22.09B | $26.26B | $23.00B | $19.45B | $19.81B | $18.12B | $16.26B | $14.81B |
| Accumulated other comprehensive income | −$5.77B | −$8.21B | −$12.51B | −$13.60B | −$1.60B | $716.0M | −$844.0M | −$1.72B | −$1.47B | −$1.13B |
| Minority interest | $0 | $0 | $152.0M | $23.0M | — | $105.0M | $174.0M | $56.0M | $47.0M | $45.0M |
| Total shareholders' equity | $65.19B | $63.68B | $59.10B | $60.51B | $69.27B | $70.81B | $66.38B | $30.12B | $29.65B | $29.88B |
| Key figures | ||||||||||
| Total debt | $69.80B | $62.27B | $62.12B | $65.07B | $40.89B | $45.30B | $58.88B | $28.89B | $28.59B | $24.78B |
| Net cash (debt) | −$24.43B | −$17.94B | $35.48B | $28.15B | $132.53B | $94.35B | $34.92B | −$5.0M | −$1.33B | $6.23B |
| Working capital | −$57.42B | −$359.17B | −$309.41B | −$329.21B | −$236.55B | −$236.43B | −$241.43B | −$135.90B | −$139.14B | −$136.12B |
| Tangible book value | $46.81B | $41.30B | $36.66B | $26.07B | $37.13B | $41.35B | $36.46B | $18.42B | $18.26B | $18.34B |
| Book value per share | $50.73 | $47.84 | $44.37 | $45.21 | $51.34 | $52.13 | $81.43 | $38.45 | $36.56 | $36.67 |
| Shares outstanding | 1.29B | 1.33B | 1.33B | 1.34B | 1.35B | 1.36B | 815.2M | 783.5M | 811.0M | 814.9M |
| Current ratio | 0.87 | 0.14 | 0.26 | 0.24 | 0.44 | 0.39 | 0.31 | 0.21 | 0.17 | 0.19 |
| Quick ratio | 0.87 | 0.14 | 0.26 | 0.24 | 0.44 | 0.39 | 0.31 | 0.21 | 0.17 | 0.19 |
| Debt / equity | 1.07 | 0.98 | 1.05 | 1.08 | 0.59 | 0.64 | 0.89 | 0.96 | 0.96 | 0.83 |
| Equity / assets | 11.9% | 12.0% | 11.0% | 10.9% | 12.8% | 13.9% | 14.0% | 13.3% | 13.4% | 13.6% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $4.23B | $4.71B | $44.05B | $45.37B | $41.35B | $45.85B | $46.47B | $44.32B | $43.74B | $44.28B | $37.45B | $97.60B |
| Cash & equivalents | $4.23B | $4.71B | $36.20B | $36.38B | $36.85B | $41.45B | $42.17B | $39.77B | $39.64B | $40.88B | $34.55B | $30.23B |
| Short-term investments | — | — | $7.86B | $8.99B | $4.50B | $4.40B | $4.30B | $4.55B | $4.10B | $3.40B | $2.90B | $67.37B |
| Receivables | $0 | $0 | $2.12B | $325.45B | $13.92B | $13.74B | $13.79B | $13.28B | $12.38B | $11.71B | $11.37B | $10.98B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$52.59B | −$45.92B | −$7.89B |
| Other current assets | $0 | $0 | $1.08B | $0 | $1.06B | $1.10B | $1.10B | $1.06B | $1.03B | $53.62B | $47.06B | $8.98B |
| Total current assets | $4.23B | $4.71B | $47.26B | $370.81B | $56.34B | $60.69B | $61.36B | $58.66B | $57.15B | $57.03B | $49.96B | $109.66B |
| Property, plant & equipment (net) | $3.26B | $3.18B | $5.46B | $3.17B | $5.66B | $5.69B | $5.63B | $5.59B | $5.64B | $5.73B | $6.06B | $6.00B |
| Goodwill & intangible assets | $18.19B | $18.25B | $22.43B | $18.38B | $22.23B | $22.14B | $22.23B | $22.38B | $22.26B | $22.30B | $22.39B | $22.44B |
| Long-term investments | $0 | $0 | $114.98B | $115.85B | $117.21B | $119.14B | $121.46B | $121.53B | $119.24B | $112.13B | $123.00B | $124.59B |
| Other non-current assets | $528.52B | $529.88B | $358.85B | $39.32B | $342.42B | $336.17B | $325.22B | $323.01B | $319.14B | $322.67B | $333.55B | $272.65B |
| Total assets | $554.20B | $556.02B | $548.98B | $547.54B | $543.85B | $543.83B | $535.90B | $531.18B | $523.43B | $519.85B | $534.96B | $535.35B |
| Liabilities | ||||||||||||
| Short-term debt | $12.41B | $26.89B | $27.44B | $27.84B | $29.38B | $16.63B | $23.73B | $27.31B | $18.31B | $22.82B | $26.33B | $23.20B |
| Total current liabilities | $12.41B | $26.89B | $431.52B | $428.24B | $424.28B | $422.75B | $427.47B | $417.83B | $406.09B | $408.23B | $420.59B | $419.07B |
| Long-term debt | $0 | $0 | $41.62B | $41.96B | $31.43B | $44.43B | $31.53B | $32.56B | $36.77B | $34.62B | $39.07B | $38.92B |
| Other long-term liabilities | $480.31B | $465.04B | $11.62B | $12.15B | $22.49B | $11.81B | $12.27B | $17.11B | $14.88B | $13.18B | $16.24B | $18.11B |
| Total liabilities | $492.72B | $491.93B | $484.76B | $482.35B | $478.20B | $478.99B | $471.26B | $467.50B | $457.74B | $456.03B | $475.91B | $476.10B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $5.99B | $6.11B | $6.23B | $6.31B | $6.40B | $6.45B | $6.55B | $6.58B | $6.64B | $6.69B | $6.69B | $6.67B |
| Retained earnings (deficit) | $27.73B | $27.68B | $26.80B | $26.07B | $25.44B | $24.76B | $24.25B | $23.78B | $23.25B | $22.60B | $22.48B | $22.09B |
| Accumulated other comprehensive income | −$8.27B | −$6.72B | −$6.34B | −$5.77B | −$6.37B | −$6.89B | −$7.25B | −$8.21B | −$6.88B | −$8.50B | −$13.22B | −$12.51B |
| Minority interest | — | — | — | $0 | — | — | — | — | — | — | — | — |
| Total shareholders' equity | $61.47B | $64.09B | $64.21B | $65.19B | $65.65B | $64.84B | $64.64B | $63.68B | $65.70B | $63.83B | $58.82B | $59.10B |
| Key figures | ||||||||||||
| Total debt | $65.79B | $69.86B | $69.06B | $69.80B | $71.11B | $61.06B | $55.76B | $62.27B | $55.08B | $57.43B | $65.40B | $62.12B |
| Net cash (debt) | −$61.56B | −$65.15B | −$25.01B | −$24.43B | −$29.75B | −$15.20B | −$9.29B | −$17.94B | −$11.34B | −$13.15B | −$27.95B | $35.48B |
| Working capital | −$8.19B | −$22.18B | −$384.27B | −$57.42B | −$367.95B | −$362.06B | −$366.10B | −$359.17B | −$348.95B | −$351.20B | −$370.63B | −$309.41B |
| Tangible book value | $43.28B | $45.84B | $41.78B | $46.81B | $43.42B | $42.70B | $42.41B | $41.30B | $43.44B | $41.53B | $36.43B | $36.66B |
| Book value per share | $50.13 | $51.73 | $50.70 | $50.73 | $50.30 | $49.69 | $48.81 | $47.75 | $48.70 | $47.70 | $43.67 | $44.31 |
| Shares outstanding | 1.23B | 1.24B | 1.27B | 1.29B | 1.31B | 1.31B | 1.32B | 1.33B | 1.35B | 1.34B | 1.35B | 1.33B |
| Current ratio | 0.34 | 0.18 | 0.11 | 0.87 | 0.13 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.12 | 0.26 |
| Quick ratio | 0.34 | 0.18 | 0.11 | 0.87 | 0.13 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.12 | 0.26 |
| Debt / equity | 1.07 | 1.09 | 1.08 | 1.07 | 1.08 | 0.94 | 0.86 | 0.98 | 0.84 | 0.90 | 1.11 | 1.05 |
| Equity / assets | 11.1% | 11.5% | 11.7% | 11.9% | 12.1% | 11.9% | 12.1% | 12.0% | 12.6% | 12.3% | 11.0% | 11.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 24, 2026); data from EODHD.
TFC financial position
At the end of fiscal 2025 (December 31, 2025), Truist had total assets of $547.5 billion (up 3.1% from a year earlier), total liabilities of $482.3 billion and shareholders' equity of $65.2 billion. It held $45.4 billion in cash and short-term investments against $69.8 billion of debt, net debt of $24.4 billion. Its current ratio was 0.87. In the latest quarter (ended September 30, 2026) total assets were $554.2 billion and equity $61.5 billion.
Related: TFC income statement, TFC cash flow statement, TFC key metrics. See the TFC stock overview for the latest quote and news.
TFC balance sheet FAQ
What are Truist's total assets?
Truist reported total assets of $547.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $531.2 billion a year earlier.
How much debt does Truist have?
Truist had $69.8 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 1.07.
How much cash does Truist have?
Truist held $45.4 billion in cash and short-term investments at the end of fiscal 2025; with $69.8 billion of debt that is net debt of $24.4 billion.
What is Truist's book value?
Truist's shareholders' equity (book value) was $65.2 billion at the end of fiscal 2025, or $50.73 per share.
What is Truist's current ratio?
Truist had current assets of $370.8 billion and current liabilities of $428.2 billion, a current ratio of 0.87 (current liabilities exceed current assets).
How much goodwill does Truist have?
Truist carried $18.4 billion of goodwill and intangible assets, 3.4% of total assets, at the end of fiscal 2025.