Discontinued — last reported Q4 '23
Business Segments · Other Noninterest Expense
IH — Other Noninterest Expense
Truist Financial IH — Other Noninterest Expense increased by 6.6% to $713.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 11.1%, from $642.00M to $713.00M. Over 2 years (FY 2021 to FY 2023), IH — Other Noninterest Expense shows an upward trend with a 17.0% 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
Lower values relative to revenue indicate higher operational efficiency and better cost control.
Detailed definition
Operating expenses incurred by the Insurance Holdings segment excluding interest expense and credit loss provisions. Thi...
Peer comparison
Standardized as 'Operating Expenses' or 'Noninterest Expense' in segment financial statements.
Metric ID:
tfc_segment_ih_other_noninterest_expenseHistorical 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 | $491.00M | $507.00M | $523.00M | $529.00M | $592.00M | $609.00M | $642.00M | $648.00M | $673.00M | $669.00M | $713.00M |
| QoQ Change | — | +3.3% | +3.2% | +1.1% | +11.9% | +2.9% | +5.4% | +0.9% | +3.9% | -0.6% | +6.6% |
| YoY Change | — | — | — | — | +20.6% | +20.1% | +22.8% | +22.5% | +13.7% | +9.9% | +11.1% |
Range$491.00M – $713.00M
CAGR+16.1%
Avg YoY Growth+17.2%
Median YoY Growth+20.1%
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Frequently Asked Questions
- What is Truist Financial's ih — other noninterest expense?
- Truist Financial (TFC) reported ih — other noninterest expense of $713.00M in Q4 2023.
- How has Truist Financial's ih — other noninterest expense changed year-over-year?
- Truist Financial's ih — other noninterest expense increased by 11.1% year-over-year, from $642.00M to $713.00M.
- What is the long-term trend for Truist Financial's ih — other noninterest expense?
- Over 2 years (2021 to 2023), Truist Financial's ih — other noninterest expense has grown at a 17.0% compound annual growth rate (CAGR), from $1.97B to $2.70B.
- What does ih — other noninterest expense mean?
- The operating costs of running the insurance business, excluding interest and credit losses.