Truist Financial (TFC) Research & Development (2014 - 2019)
Truist Financial (TFC) posted Research & Development of $28.0 million for Q3 2019, down 3.45% on a QoQ basis from $29.0 million in Q2 2019, and down 15.15% year-over-year from $33.0 million in Q3 2018.
Truist Financial (TFC) Research & Development (2014 - 2019) Analysis & Trends
Truist Financial's Research & Development history runs 6 years deep, the most recent figure standing at $28.0 million for Q3 2019.
- Quarterly Research & Development fell 15.15% year-over-year to $28.0 million in Q3 2019, while the trailing twelve-month figure through Sep 2019 was $122.0 million (down 9.63% YoY) and the FY2018 annual result came in at $132.0 million, down 17.5% from the prior year.
- Research & Development was $28.0 million for Q3 2019 at Truist Financial, down from $29.0 million in the prior quarter.
- Across five years, Research & Development topped out at $63.0 million in Q3 2016 and bottomed at $19.0 million in Q4 2016.
- A 5-year average of $39.4 million and a median of $35.0 million in 2018 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2016 — Research & Development sank 63.46% — and 2017, when it surged 100.0%.
- Truist Financial's Research & Development stood at $52.0 million in 2015, then sank by 63.46% to $19.0 million in 2016, then jumped by 100.0% to $38.0 million in 2017, then declined by 7.89% to $35.0 million in 2018, then declined by 20.0% to $28.0 million in 2019.
- Business Quant data shows TFC's Research & Development at $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 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | - |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | - |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | - |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | - |
| 5 | Mizuho Financial | 385.64 Bn | 389.59 Bn | - | - |
| 6 | Lloyds Banking | 358.14 Bn | 358.14 Bn | - | - |
| 7 | First Capital | 200.03 Bn | 199.69 Bn | - | 1.10 Mn |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 554,000.00 |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | - |
| 10 | Truist Financial | 63.79 Bn | 63.79 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 |