What is Truist Financial's ot&c — other noninterest expense?

Truist Financial (TFC) reported ot&c — other noninterest expense of $28.00M in Q3 2024.

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

Truist Financial's ot&c — other noninterest expense decreased by 73.8% year-over-year, from $107.00M to $28.00M.

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

Over 2 years (2021 to 2023), Truist Financial's ot&c — other noninterest expense has grown at a -54.2% compound annual growth rate (CAGR), from $2.06B to $431.00M.

What does ot&c — other noninterest expense mean?

The operational overhead costs, excluding personnel and amortization, associated with the bank's corporate and treasury segment.

Discontinued — last reported Q3 '24

Business Segments · Other Noninterest Expense

OT&C — Other Noninterest Expense

Truist Financial OT&C — Other Noninterest Expense decreased by 71.4% to $28.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 73.8%, from $107.00M to $28.00M. Over 2 years (FY 2021 to FY 2023), OT&C — Other Noninterest Expense shows a downward trend with a -54.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityStable

First reportedQ1 2018

Last reportedQ3 2024

Rolls up toOther operating expenses

How to read this metric

A decrease suggests improved operational efficiency or successful cost-containment initiatives, whereas an increase may signal rising administrative overhead or increased investment in corporate infrastructure.

Detailed definition

This metric captures the direct noninterest operating expenses incurred by the Other, Treasury & Corporate segment, excl...

Peer comparison

Comparable to 'Other Noninterest Expense' or 'Corporate Overhead' reported in the 'Other' or 'Corporate' segments of peer financial institutions.

Metric ID: tfc_segment_ot_c_other_noninterest_expense

Historical Data

14 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24
Value	$723.00M	$505.00M	$393.00M	$438.00M	$221.00M	$225.00M	$298.00M	$195.00M	$123.00M	$107.00M	$6.00M	-$66.00M	$98.00M	$28.00M
QoQ Change	—	-30.2%	-22.2%	+11.5%	-49.5%	+1.8%	+32.4%	-34.6%	-36.9%	-13.0%	-94.4%	<-999%	+248.5%	-71.4%
YoY Change	—	—	—	—	-69.4%	-55.4%	-24.2%	-55.5%	-44.3%	-52.4%	-98.0%	-133.8%	-20.3%	-73.8%

Range-$66.00M – $723.00M

CAGR-63.2%

Avg YoY Growth-62.7%

Median YoY Growth-55.5%

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Frequently Asked Questions

What is Truist Financial's ot&c — other noninterest expense?: Truist Financial (TFC) reported ot&c — other noninterest expense of $28.00M in Q3 2024.
How has Truist Financial's ot&c — other noninterest expense changed year-over-year?: Truist Financial's ot&c — other noninterest expense decreased by 73.8% year-over-year, from $107.00M to $28.00M.
What is the long-term trend for Truist Financial's ot&c — other noninterest expense?: Over 2 years (2021 to 2023), Truist Financial's ot&c — other noninterest expense has grown at a -54.2% compound annual growth rate (CAGR), from $2.06B to $431.00M.
What does ot&c — other noninterest expense mean?: The operational overhead costs, excluding personnel and amortization, associated with the bank's corporate and treasury segment.