What is Truist Financial's cb&w — other noninterest expense?

Truist Financial (TFC) reported cb&w — other noninterest expense of $2.20B in Q4 2023.

How has Truist Financial's cb&w — other noninterest expense changed year-over-year?

Truist Financial's cb&w — other noninterest expense increased by 25.8% year-over-year, from $1.75B to $2.20B.

What is the long-term trend for Truist Financial's cb&w — other noninterest expense?

Over 2 years (2021 to 2023), Truist Financial's cb&w — other noninterest expense has grown at a 4.4% compound annual growth rate (CAGR), from $7.41B to $8.08B.

What does cb&w — other noninterest expense mean?

The total operating expenses for the consumer banking and wealth division, excluding interest and credit-related costs.

Discontinued — last reported Q4 '23

Business Segments · Other Noninterest Expense

CB&W — Other Noninterest Expense

Truist Financial CB&W — Other Noninterest Expense increased by 10.2% to $2.20B in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 25.8%, from $1.75B to $2.20B. Over 2 years (FY 2021 to FY 2023), CB&W — Other Noninterest Expense shows relatively stable performance with a 4.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityStable

First reportedQ1 2018

Last reportedQ4 2023

Rolls up toOther operating expenses

How to read this metric

An increase may signal strategic investment in technology or expansion, but persistent growth relative to revenue may indicate declining operational efficiency.

Detailed definition

This metric captures the operating costs incurred by the Consumer Banking and Wealth segment that are not directly relat...

Peer comparison

Comparable to noninterest expense or operating expense metrics reported by peer retail banking business units.

Metric ID: tfc_segment_cb_w_other_noninterest_expense

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	$1.84B	$1.86B	$1.88B	$1.85B	$1.88B	$1.88B	$1.75B	$1.90B	$1.98B	$2.00B	$2.20B
QoQ Change	—	+0.7%	+1.3%	-1.8%	+1.6%	+0.1%	-6.7%	+8.5%	+4.2%	+0.9%	+10.2%
YoY Change	—	—	—	—	+1.7%	+1.1%	-6.8%	+2.9%	+5.6%	+6.5%	+25.8%

Range$1.75B – $2.20B

CAGR+7.4%

Avg YoY Growth+5.3%

Median YoY Growth+2.9%

Current Streak4 quarters growth

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Frequently Asked Questions

What is Truist Financial's cb&w — other noninterest expense?: Truist Financial (TFC) reported cb&w — other noninterest expense of $2.20B in Q4 2023.
How has Truist Financial's cb&w — other noninterest expense changed year-over-year?: Truist Financial's cb&w — other noninterest expense increased by 25.8% year-over-year, from $1.75B to $2.20B.
What is the long-term trend for Truist Financial's cb&w — other noninterest expense?: Over 2 years (2021 to 2023), Truist Financial's cb&w — other noninterest expense has grown at a 4.4% compound annual growth rate (CAGR), from $7.41B to $8.08B.
What does cb&w — other noninterest expense mean?: The total operating expenses for the consumer banking and wealth division, excluding interest and credit-related costs.