Truist Financial (TFC) Income from Non-Controlling Interests (2009 - 2024)
Truist Financial's (TFC) quarterly Income from Non-Controlling Interests came in at $19.0 million in Q2 2024, down 47.22% on a YoY basis from $36.0 million in Q3 2023, and up 533.33% quarter-over-quarter from $3.0 million in Q1 2024.
Analysis
Truist Financial (TFC) Income from Non-Controlling Interests (2009 - 2024) Analysis & Trends
Truist Financial (TFC) has reported Income from Non-Controlling Interests for 16 consecutive years, with $19.0 million the latest figure, recorded in Q2 2024.
- For the quarter ending Q2 2024, Income from Non-Controlling Interests fell 47.22% year-over-year to $19.0 million; the trailing twelve-month figure through Mar 2025 stood at $19.0 million (down 57.78% YoY), and the FY2024 full-year result was $22.0 million, down 50.0% from the prior year.
- Income from Non-Controlling Interests advanced to $19.0 million in Q2 2024 per TFC's latest filing, from $3.0 million in the prior quarter.
- Across five years, Income from Non-Controlling Interests topped out at $36.0 million in Q2 2023 and bottomed at -$4.0 million in Q1 2021.
- Historically, Income from Non-Controlling Interests has averaged $5.3 million across 5 years, with a median of $3.0 million in 2020.
- The sharpest annual moves came in 2021 and 2023: Income from Non-Controlling Interests slumped 233.33% in 2021, then jumped 3500.0% in 2023.
- Over 5 years, Income from Non-Controlling Interests stood at $1.0 million in 2020, then changed by 0.0% to $1.0 million in 2021, then changed by 0.0% to $1.0 million in 2022, then surged by 500.0% to $6.0 million in 2023, then surged by 216.67% to $19.0 million in 2024.
- According to Business Quant data, Income from Non-Controlling Interests over the past three periods registered $19.0 million, $3.0 million, and $6.0 million for Q2 2024, Q1 2024, and Q3 2023 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inc. Minority (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 424.88 Bn | 544.83 Bn | - | 4.85 Bn |
| 2 | Truist Financial | 59.29 Bn | 59.29 Bn | - | - |
| 3 | Fifth Third Bancorp | 47.98 Bn | 24.26 Bn | - | - |
| 4 | M&T Bank | 32.82 Bn | 32.82 Bn | - | - |
| 5 | Huntington Bancshares | 32.08 Bn | 27.60 Bn | - | 4.00 Mn |
| 6 | Citizens Financial | 28.34 Bn | 28.34 Bn | - | - |
| 7 | Regions Financial | 24.27 Bn | 24.34 Bn | - | - |
| 8 | Keycorp | 22.19 Bn | -25.51 Bn | - | - |
| 9 | First Citizens Bancshares | 21.93 Bn | 21.41 Bn | 29.00 Mn | - |
| 10 | East West Bancorp | 17.39 Bn | 12.30 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 19.00 Mn |
| Mar 31, 2024 | 3.00 Mn |
| Sep 30, 2023 | 6.00 Mn |
| Jun 30, 2023 | 36.00 Mn |
| Mar 31, 2023 | 2.00 Mn |
| Dec 31, 2022 | 1.00 Mn |
| Sep 30, 2022 | 4.00 Mn |
| Jun 30, 2022 | 1.00 Mn |
| Mar 31, 2022 | 1.00 Mn |
| Jun 30, 2021 | 1.00 Mn |
| Mar 31, 2021 | -4.00 Mn |
| Dec 31, 2020 | 1.00 Mn |
| Sep 30, 2020 | 3.00 Mn |
| Jun 30, 2020 | 3.00 Mn |
| Mar 31, 2020 | 3.00 Mn |
| Dec 31, 2019 | 5.00 Mn |
| Sep 30, 2019 | 3.00 Mn |
| Jun 30, 2019 | -1.00 Mn |
| Mar 31, 2019 | 6.00 Mn |
| Dec 31, 2018 | 7.00 Mn |