Truist Financial (TFC) Minority Interest (2009 - 2024)
Truist Financial's (TFC) quarterly Minority Interest came in at $232.0 million in Q1 2024, up 954.55% on a YoY basis from $22.0 million in Q2 2023, and up 52.63% quarter-over-quarter from $152.0 million in Q4 2023.
Analysis
Truist Financial (TFC) Minority Interest (2009 - 2024) Analysis & Trends
Truist Financial (TFC) has reported Minority Interest for 15 consecutive years, with $232.0 million the latest figure, recorded in Q1 2024.
- For the quarter ending Q1 2024, Minority Interest rose 954.55% year-over-year to $232.0 million; the trailing twelve-month figure through Mar 2024 stood at $232.0 million (up 954.55% YoY), and the FY2023 full-year result was $152.0 million, up 560.87% from the prior year.
- Minority Interest climbed to $232.0 million in Q1 2024 per TFC's latest filing, from $152.0 million in the prior quarter.
- Across five years, Minority Interest topped out at $232.0 million in Q1 2024 and bottomed at $22.0 million in Q1 2023.
- Historically, Minority Interest has averaged $100.4 million across 4 years, with a median of $106.0 million in 2020.
- The sharpest annual moves came in 2020 and 2024: Minority Interest slumped 39.66% in 2020, then soared 954.55% in 2024.
- Over 4 years, Minority Interest stood at $105.0 million in 2020, then sank by 78.1% to $23.0 million in 2022, then surged by 560.87% to $152.0 million in 2023, then jumped by 52.63% to $232.0 million in 2024.
- According to Business Quant data, Minority Interest over the past three periods registered $232.0 million, $152.0 million, and $167.0 million for Q1 2024, Q4 2023, and Q3 2023 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Banco Santander Chile | 950.85 Bn | 950.85 Bn | - |
| 2 | Truist Financial | 61.46 Bn | 61.46 Bn | - |
| 3 | Fifth Third Bancorp | 49.43 Bn | 25.71 Bn | - |
| 4 | M&T Bank | 34.72 Bn | 34.72 Bn | - |
| 5 | Huntington Bancshares | 33.60 Bn | 29.07 Bn | - |
| 6 | Citizens Financial | 29.31 Bn | 29.31 Bn | - |
| 7 | Regions Financial | 25.53 Bn | 25.53 Bn | - |
| 8 | First Citizens Bancshares | 24.60 Bn | 24.07 Bn | 29.00 Mn |
| 9 | Keycorp | 23.26 Bn | -24.44 Bn | - |
| 10 | East West Bancorp | 17.62 Bn | 12.53 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 232.00 Mn |
| Dec 31, 2023 | 152.00 Mn |
| Sep 30, 2023 | 167.00 Mn |
| Jun 30, 2023 | 155.00 Mn |
| Mar 31, 2023 | 22.00 Mn |
| Dec 31, 2022 | 23.00 Mn |
| Sep 30, 2022 | 23.00 Mn |
| Jun 30, 2022 | 24.00 Mn |
| Mar 31, 2022 | 23.00 Mn |
| Dec 31, 2020 | 105.00 Mn |
| Sep 30, 2020 | 106.00 Mn |
| Jun 30, 2020 | 106.00 Mn |
| Mar 31, 2020 | 167.00 Mn |
| Dec 31, 2019 | 174.00 Mn |
| Sep 30, 2019 | 69.00 Mn |
| Jun 30, 2019 | 61.00 Mn |
| Mar 31, 2019 | 60.00 Mn |
| Dec 31, 2018 | 56.00 Mn |
| Sep 30, 2018 | 59.00 Mn |
| Jun 30, 2018 | 52.00 Mn |