What is Truist Financial's ot&c — net income (loss)?

Truist Financial (TFC) reported ot&c — net income (loss) of -$407.00M in Q4 2023.

How has Truist Financial's ot&c — net income (loss) changed year-over-year?

Truist Financial's ot&c — net income (loss) increased by 54.4% year-over-year, from -$893.00M to -$407.00M.

What is the long-term trend for Truist Financial's ot&c — net income (loss)?

Over 2 years (2021 to 2023), Truist Financial's ot&c — net income (loss) has grown at a 20.1% compound annual growth rate (CAGR), from -$1.57B to -$2.26B.

What does ot&c — net income (loss) mean?

The net profit or loss generated by the company's centralized corporate, treasury, and administrative support functions.

Discontinued — last reported Q4 '23

Business Segments · Net income (loss)

OT&C — Net income (loss)

Truist Financial OT&C — Net income (loss) increased by 27.3% to -$407.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 54.4%, from -$893.00M to -$407.00M. Over 2 years (FY 2021 to FY 2023), OT&C — Net income (loss) shows a downward trend with a 20.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment

CategoryProfitability

SignalHigher is better

VolatilityVolatile

First reportedQ1 2017

Last reportedQ4 2023

Rolls up toNet Income

How to read this metric

An increase in net income for this segment typically reflects favorable treasury performance or lower corporate overhead, while a loss indicates significant drag from corporate expenses or non-core adjustments. Persistent losses in this segment often highlight the cost of maintaining centralized infrastructure or the impact of strategic restructuring activities.

Detailed definition

This metric represents the total profit or loss generated by the Other, Treasury & Corporate segment after accounting fo...

Peer comparison

Most large financial institutions report a similar 'Corporate and Other' segment, where performance is frequently impacted by interest rate hedging, debt issuance costs, and centralized administrative expenses, making direct peer comparisons difficult due to varying internal allocation methodologies.

Metric ID: tfc_segment_ot_c_net_income_loss

Historical Data

11 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23
Value	-$587.00M	-$348.00M	-$263.00M	-$585.00M	-$373.00M	-$608.00M	-$893.00M	-$674.00M	-$621.00M	-$560.00M	-$407.00M
QoQ Change	—	+40.7%	+24.4%	-122.4%	+36.2%	-63.0%	-46.9%	+24.5%	+7.9%	+9.8%	+27.3%
YoY Change	—	—	—	—	+36.5%	-74.7%	-239.5%	-15.2%	-66.5%	+7.9%	+54.4%

Range-$893.00M – -$263.00M

CAGR-13.6%

Avg YoY Growth-42.5%

Median YoY Growth-15.2%

Current Streak4 quarters growth

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Frequently Asked Questions

What is Truist Financial's ot&c — net income (loss)?: Truist Financial (TFC) reported ot&c — net income (loss) of -$407.00M in Q4 2023.
How has Truist Financial's ot&c — net income (loss) changed year-over-year?: Truist Financial's ot&c — net income (loss) increased by 54.4% year-over-year, from -$893.00M to -$407.00M.
What is the long-term trend for Truist Financial's ot&c — net income (loss)?: Over 2 years (2021 to 2023), Truist Financial's ot&c — net income (loss) has grown at a 20.1% compound annual growth rate (CAGR), from -$1.57B to -$2.26B.
What does ot&c — net income (loss) mean?: The net profit or loss generated by the company's centralized corporate, treasury, and administrative support functions.