TRUIST FINANCIAL CORP Interest Expense 2007-2024 | TFC
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What is interest expense?
Interest expense represents the cost of borrowing money, including interest paid on bonds, loans, and other debt obligations.
What is TRUIST FINANCIAL CORP's current interest expense?
TRUIST FINANCIAL CORP (TFC) annual interest expense for 2023 was $9.86B, a 324.64% increase from 2022. TRUIST FINANCIAL CORP interest expense for the quarter ending June 30, 2024 was $2.82B.
What was TRUIST FINANCIAL CORP's interest expense in 2022?
TRUIST FINANCIAL CORP annual interest expense for 2022 was $2.32B, a 202.21% increase from 2021.
What was TRUIST FINANCIAL CORP's interest expense in 2021?
TRUIST FINANCIAL CORP annual interest expense for 2021 was $768.0M, a 55.40% decline from 2020.
What is TRUIST FINANCIAL CORP's 5-year interest expense CAGR?
TRUIST FINANCIAL CORP interest expense grew at a compound annual growth rate (CAGR) of 46.96% from FY2018 to FY2023, going from $1.44B to $9.86B over 5 years.
Interest Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Growing
CAGR+47.0%
FY2018
$1.44B
→
FY2023
$9.86B
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5 years selected
Interest Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2023 | $9.86B | +324.6% | 10-K |
| FY2022 | $2.32B | +202.2% | 10-K |
| FY2021 | $768.0M | -55.4% | 10-K |
| FY2020 | $1.72B | -17.8% | 10-K |
| FY2019 | $2.10B | +45.8% | 10-K |
| FY2018 | $1.44B | +71.4% | 10-K |
| FY2017 | $839.0M | +12.6% | 10-K |
| FY2016 | $745.0M | +1.4% | 10-K |
| FY2015 | $735.0M | -4.3% | 10-K |
| FY2014 | $768.0M | -13.8% | 10-K |
| FY2013 | $891.0M | -15.9% | 10-K |
| FY2012 | $1.06B | -23.1% | 10-K |
| FY2011 | $1.38B | -23.2% | 10-K |
| FY2010 | $1.79B | -12.0% | 10-K |
| FY2009 | $2.04B | -31.3% | 10-K |
| FY2008 | $2.97B | -26.0% | 10-K |
| FY2007 | $4.01B | - | 10-K |
Company: TRUIST FINANCIAL CORPTicker: TFCSector: Financial ServicesIndustry: National Commercial BanksView company profile →