Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 5.27B | 354.5% |
| Gross Profit | 1.89B | 137.5% |
| Cost of Revenue | 3.38B | 4.8% |
| Operating expense | 677M | 3.7% |
| Net Income | 1.44B | 59.7% |
| EBITDA | 1.07B | 57.1% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 523B | 0.7% |
| Total Liabilities | 458B | 0.4% |
| Total Equity | 65.7B | 2.9% |
| Shares Outstanding | 1.33B | 0.8% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.53B | 81.5% |
| Cash from investing | -3.49B | 114.5% |
| Cash from financing | 721M | 103.8% |
EPS
Financial Highlights for Truist Financial in Q3 '24
Truist Financial reported a revenue of 5.27B, which is a 354.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.89B, marking a 137.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.38B, a -4.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 677M, showing a 3.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.44B, showing a 59.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.07B, showing a -57.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Truist Financial with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
