Truist Financial (TFC) Research & Development (2014 - 2019)
Truist Financial (TFC) posted quarterly Research & Development of $28.0 million for Q3 2019, down 15.15% year-over-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) Research & Development (2014 - 2019) Analysis & Trends
Truist Financial has reported Research & Development for 6 years, with the latest figure at $28.0 million in Q3 2019.
- Research & Development for Q3 2019 came in at $28.0 million, down 15.15% year-over-year; the trailing twelve-month figure through Sep 2019 was $122.0 million (down 9.63% YoY), and the FY2018 annual result was $132.0 million, down 17.5% from the prior year.
- Research & Development eased to $28.0 million in Q3 2019, from $29.0 million in the prior quarter.
- Over five years, Research & Development peaked at $63.0 million in Q3 2016 and troughed at $19.0 million in Q4 2016.
- A 5-year average of $40.3 million and a median of $38.0 million in 2017 frame the typical range for Research & Development.
- The widest annual swing landed in 2016, when Research & Development sank 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 sank by 63.46% to $19.0 million in 2016, then surged by 100.0% to $38.0 million in 2017, then slipped by 7.89% to $35.0 million in 2018, then slipped by 20.0% to $28.0 million in 2019.
- Per Business Quant data, the three most recent Research & Development figures were $28.0 million in Q3 2019, $29.0 million in Q2 2019, and $30.0 million in Q1 2019.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | - |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 601.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 250.00 Mn |
| 10 | Itau Unibanco Holding | 40.31 Bn | 42.00 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 | 58.00 Mn |
| Dec 31, 2016 | 19.00 Mn |
| Sep 30, 2016 | 63.00 Mn |
| Jun 30, 2016 | 53.00 Mn |
| Mar 31, 2016 | 51.00 Mn |
| Dec 31, 2015 | 52.00 Mn |
| Sep 30, 2015 | 50.00 Mn |
| Jun 30, 2015 | 29.00 Mn |
| Mar 31, 2015 | 44.00 Mn |
| Dec 31, 2014 | 86.00 Mn |