Truist Financial (TFC) Research & Development (2014 - 2019)
Truist Financial posted quarterly Research & Development of $28.0 million for Q3 2019, down 15.15% year-on-year from $33.0 million in Q3 2018, and down 3.45% on a QoQ basis from $29.0 million in Q2 2019.
Truist Financial (TFC) has 6 years of Research & Development data on file, last reported at $28.0 million in Q3 2019.
- For the quarter ending Q3 2019, Research & Development fell 15.15% year-over-year to $28.0 million; the trailing twelve-month figure through Sep 2019 stood at $122.0 million (down 9.63% YoY), and the FY2018 full-year result was $132.0 million, down 17.5% from the prior year.
- Research & Development for Q3 2019 stood at $28.0 million, down from $29.0 million in the prior quarter.
- Across five years, Research & Development topped out at $53.0 million in Q2 2016 and bottomed at $19.0 million in Q4 2016.
- The 5-year median for Research & Development is $35.0 million (2018), against an average of $37.9 million.
- The widest annual swing landed in 2016, when Research & Development plunged 63.46%; it then surged 100.0% in 2017.
- A 5-year view of Research & Development shows it stood at $52.0 million in 2015, then slumped by 63.46% to $19.0 million in 2016, then soared by 100.0% to $38.0 million in 2017, then dropped by 7.89% to $35.0 million in 2018, then dropped by 20.0% to $28.0 million in 2019.
- The last three Research & Development figures came in at $28.0 million (Q3 2019), $29.0 million (Q2 2019), and $30.0 million (Q1 2019), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 90,891.20 Bn | 90,891.20 Bn | - | - |
| 2 | Bank Bradesco | 6,807.69 Bn | 6,791.75 Bn | - | - |
| 3 | Lloyds Banking | 426.28 Bn | 426.28 Bn | - | - |
| 4 | NatWest | 184.56 Bn | 184.56 Bn | - | - |
| 5 | First Capital | 181.18 Bn | 181.03 Bn | - | 1.10 Mn |
| 6 | Landmark Bancorp | 164.67 Bn | 164.64 Bn | - | 554,000.00 |
| 7 | Deutsche Bank Aktiengesellschaft | 161.63 Bn | -151,939.28 Bn | - | - |
| 8 | KB Financial | 150.02 Bn | 142.15 Bn | - | - |
| 9 | Pnc Financial Services | 88.79 Bn | 88.84 Bn | - | - |
| 10 | Truist Financial | 60.41 Bn | 60.41 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2019 | 28.00 Mn |
| Jun 30, 2019 | 29.00 Mn |
| Mar 31, 2019 | 30.00 Mn |
| Dec 31, 2018 | 35.00 Mn |
| Sep 30, 2018 | 33.00 Mn |
| Jun 30, 2018 | 32.00 Mn |
| Mar 31, 2018 | 32.00 Mn |
| Dec 31, 2017 | 38.00 Mn |
| Sep 30, 2017 | 34.00 Mn |
| Jun 30, 2017 | 39.00 Mn |
| Mar 31, 2017 | 49.00 Mn |
| Dec 31, 2016 | 19.00 Mn |
| Sep 30, 2016 | 51.00 Mn |
| Jun 30, 2016 | 53.00 Mn |
| Mar 31, 2016 | 41.00 Mn |
| Dec 31, 2015 | 52.00 Mn |
| Sep 30, 2015 | 50.00 Mn |
| Jun 30, 2015 | 46.00 Mn |
| Mar 31, 2015 | 30.00 Mn |
| Dec 31, 2014 | 27.00 Mn |
| Sep 30, 2014 | 30.00 Mn |