Truist Financial (WBO:TFC) Total Assets : €471,614 Mil (As of Sep. 2024)

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What is Truist Financial Total Assets?

Truist Financial's Total Assets for the quarter that ended in Sep. 2024 was €471,614 Mil.

Warning Sign:

If a company builds assets at 16.2% a year, faster than its revenue growth rate of 3.5% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Truist Financial's average Total Assets Growth Rate was -5.70% per year. During the past 3 years, the average Total Assets Growth Rate was 10.70% per year. During the past 5 years, the average Total Assets Growth Rate was 16.20% per year. During the past 10 years, the average Total Assets Growth Rate was 13.60% per year.

During the past 13 years, Truist Financial's highest 3-Year average Total Assets Growth Rate was 65.80%. The lowest was 2.80%. And the median was 10.70%.

Total Assets is connected with ROA %. Truist Financial's annualized ROA % for the quarter that ended in Sep. 2024 was 1.09%. Total Assets is also linked to Revenue through Asset Turnover. Truist Financial's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.

Truist Financial Total Assets Historical Data

The historical data trend for Truist Financial's Total Assets 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.

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Truist Financial Total Assets Chart

Truist Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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425,770.20

418,585.42

478,998.29

524,160.72

490,915.03

Truist Financial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															508,516.46	490,915.03	492,162.28	482,943.44	471,614.03

Truist Financial Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Truist Financial's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	54335.001	+	436580.032
	=	490,915

Truist Financial's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	59192.096	+	412421.938
	=	471,614

Truist Financial (WBO:TFC) Total Assets Explanation

Total Assets is connected with ROA %.

Truist Financial's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	5196.968	/	( (482943.437	+	471614.034)	/ 2 )
	=	5196.968	/	477278.7355
	=	1.09 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Truist Financial's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	4581.585	/	( (482943.437	+	471614.034)	/ 2 )
=	4581.585	/	477278.7355
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Truist Financial Total Assets Related Terms

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Truist Financial Business Description

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Address

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

Website

https://www.truist.com

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.