• Banks - Regional
  • Financial Services
Truist Financial Corporation logo
Truist Financial Corporation
TFC · US · NYSE
41.22
USD
-0.34
(0.82%)
Company Overview

214 NORTH TRYON STREET,CHARLOTTE NC 28202,3367332000

CEO

Mr. William Henry Rogers Jr.

Employess

41368

Sector

Financial Services

Industry

Banks - Regional

Website

https://www.truist.com

Truist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; automobile lending; bankcard lending; consumer finance; home equity and mortgage lending; insurance, such as property and casualty, life, health, employee benefits, workers compensation and professional liability, surety coverage, title, and other insurance products; investment brokerage; mobile/online banking; and payment, lease financing, small business lending, and wealth management/private banking services. In addition, it offers association, capital market, institutional trust, insurance premium and commercial finance, international banking, leasing, merchant, commercial deposit and treasury, government finance, commercial middle market lending, small business and student lending, floor plan and commercial mortgage lending, mortgage warehouse lending, private equity investment, real estate lending, and supply chain financing services. Further, the company provides corporate and investment banking, retail and wholesale brokerage, securities underwriting, and investment advisory services. As of December 31, 2021, the company operated through 2,517 banking offices. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.

Next Earnings Date

Oct. 17, 2024

Ex Dividends date

Sep. 03, 2024

Dividend Date

Aug. 9, 2024

YTD Performance

9.89%

Fiscal Year End

12-31

IPO Date

1980-03-18

Growth Rates
(avg. rate of change) 10 years 5 years 3 years 1 year
Sales/Revenue 13.91% 24.84% 17.84% 49.74%
EPS -3.19% -3.64% -8.11% -18.39%
Equity 10.01% 14.43% -5.85% -2.33%
Cash 31.27% 51.18% 17.55% 43.06%
Return On Capital (ROIC) 4.63% 4.09% 4.16% -0.20%
Debt
year (millions) 2023 2022 2021 2020 2019
Short Term Debt 25,000 23,400 5,290 6,090 18,200
Long Term Debt 38,900 43,200 35,900 39,600 41,300
LT Finance Leases 1,270 1,250 1,320 1,570 1,850
Shares Outstanding 1,330 1,330 1,340 1,350 805
Market Cap 49,200 57,100 78,300 64,600 45,300
Price
Business Segments (Beta)
Geographical Segments (Beta)
Not available
News
Truist names Steve Hagerman chief information officer
1 month

CHARLOTTE, N.C. , Aug. 8, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Steve Hagerman will be its new chief information officer.

prnewswire.com
Truist Foundation increases support for Southeastern communities impacted by storm Debby
1 month

Additional $100,000 grant will help communities across the Carolinas recover from anticipated flooding CHARLOTTE, N.C. , Aug. 7, 2024 /PRNewswire/ -- As storm Debby moves up the Southeastern coastline, Truist Foundation today announced it will donate an additional $100,000 to support relief and recovery efforts in impacted communities in South Carolina and North Carolina in anticipation of catastrophic flooding.

prnewswire.com
The 3 stocks insiders are secretly buying
1 month

Finding insider buys among the S&P 500 companies and their stock might prove challenging in 2024, with an overall sentiment heavily favoring sales by CEOs and other higher executives; however, there are some notable exceptions.

finbold.com
Zacks Industry Outlook JPMorgan,U.S. Bancorp and Truist Financial
1 month

JPMorgan,U.S. Bancorp and Truist Financial have been highlighted in this Industry Outlook article.

zacks.com
Trade Tracker: Stephanie Link buys more Bank of America and Truist Financial
1 month

Stephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to detail her latest trades.

youtube.com
3 Stocks From the Prospering Major Regional Banks Industry
1 month

High funding costs and weakening asset quality will hurt Zacks Major Regional Banks. Yet, interest rate cuts, modest loan demand, decent economic growth and business restructuring efforts are likely to aid industry players like JPMorgan (JPM), U.S. Bancorp (USB) and Truist (TFC).

zacks.com
Interest Rate Cuts Are Coming: 3 No-Brainer Dividend Stocks to Buy Now
1 month

Fed Chair Jerome Powell hinted that a rate cut could arrive in September. Lower interest rates are likely to encourage bond investors to move back into dividend stocks.

fool.com
Truist Foundation supports Southeastern communities impacted by Tropical Storm Debby with $100,000 grant
2 months

Funds will help provide immediate relief, support long-term recovery efforts CHARLOTTE, N.C., Aug. 4, 2024 /PRNewswire/ -- As Tropical Storm Debby approaches the Florida coast, Truist Foundation today announced it will donate $100,000 to support relief and recovery efforts in impacted communities across the Southeast.

prnewswire.com
TFC or PNC: Which Is the Better Value Stock Right Now?
2 months

Investors with an interest in Banks - Major Regional stocks have likely encountered both Truist Financial Corporation (TFC) and The PNC Financial Services Group, Inc (PNC). But which of these two stocks is more attractive to value investors?

zacks.com
Final Trades: Amazon, Truist Financial and the XBI
2 months

The Investment Committee give you their top stocks to watch for the second half.

youtube.com
AppBrilliance Brings Real-Time Frictionless Payments to Closed Loop Digital Wallets With RTP & FedNow
2 months

AUSTIN, Texas , July 29, 2024 /PRNewswire/ -- AppBrilliance, a pioneer in real-time payment solutions with its cutting-edge Money API™ platform, is leveraging a recent rule change by The Clearing House to expand use-cases for Real Time Payments (RTP) to closed-loop digital wallets in the US. AppBrilliance is leveraging a rule change by The Clearing House to bring Real-Time Payments (RTP) to closed-loop wallets.

prnewswire.com
Truist Financial (TFC) Upgraded to Buy: What Does It Mean for the Stock?
2 months

Truist Financial (TFC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

zacks.com