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Truist Financial Corp Stock Research

TFC

28.07USD-0.09(-0.32%)Market Closed
Watchlist

Market Summary

USD28.07-0.09
Market Closed
-0.32%

TFC Alerts

  • Big jump in Revenue (Y/Y)

TFC Stock Price

TFC RSI Chart

TFC Valuation

Market Cap

37.4B

Price/Earnings (Trailing)

6.05

Price/Sales (Trailing)

1.73

EV/EBITDA

2.29

Price/Free Cashflow

3.35

TFC Price/Sales (Trailing)

TFC Profitability

EBT Margin

41.08%

Return on Equity

10.2%

Return on Assets

1.11%

Free Cashflow Yield

29.83%

TFC Fundamentals

TFC Revenue

Revenue (TTM)

21.6B

Revenue Y/Y

68.15%

Revenue Q/Q

6.76%

TFC Earnings

Earnings (TTM)

6.2B

Earnings Y/Y

-12.21%

Earnings Q/Q

-11.22%

Price Action

52 Week Range

25.5652.78
(Low)(High)

Last 7 days

-3.2%

Last 30 days

-1.4%

Last 90 days

-6.4%

Trailing 12 Months

-35.9%

TFC Financial Health

Debt/Equity

1.12

Debt/Cashflow

0.16

TFC Investor Care

Shares Dilution (1Y)

0.14%

Diluted EPS (TTM)

4.33

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for TFC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-15
Cummins Hugh S. III
sold (taxes)
-127,687
29.00
-4,403
vice chair
2023-09-15
Cummins Hugh S. III
acquired
-
-
9,961
vice chair
2023-05-03
PATTON CHARLES A
bought
25,308
19.00
1,332
-
2023-05-02
PATTON CHARLES A
bought
69,684
18.998
3,668
-
2023-03-15
Cummins Hugh S. III
sold (taxes)
-604,924
32.1
-18,845
vice chair
2023-03-15
Starnes Clarke R III
sold (taxes)
-467,023
32.1
-14,549
chief risk officer
2023-03-15
Thompson Joseph M
sold (taxes)
-289,125
32.1
-9,007
sr. executive vice president
2023-03-15
ROGERS WILLIAM H JR
sold (taxes)
-1,075,450
32.1
-33,503
chairman and ceo
2023-03-15
Maguire Michael Baron
sold (taxes)
-210,094
32.1
-6,545
sr. executive vice president
2023-03-15
Case Scott
sold (taxes)
-354,288
32.1
-11,037
sr. executive vice president

1–10 of 50

Which funds bought or sold TFC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-21
Jefferies Group LLC
new
-
238,163
238,163
-%
2023-09-21
Halpern Financial, Inc.
unchanged
-
-5,407
43,765
0.01%
2023-09-21
Baystate Wealth Management LLC
added
1.73
-1,121
10,690
-%
2023-09-20
BARCLAYS PLC
added
168
96,660,000
166,125,000
0.10%
2023-09-19
BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL
reduced
-3.92
-42,207
249,143
0.10%
2023-09-18
WASHINGTON CAPITAL MANAGEMENT, INC
added
63.91
114,554
364,200
0.31%
2023-09-14
Proquility Private Wealth Partners, LLC
added
12.36
-
1,838,030
0.72%
2023-09-12
Prosperity Wealth Management, Inc.
unchanged
-
-52,590
425,628
0.28%
2023-09-12
Farther Finance Advisors, LLC
added
27.87
7,162
58,915
0.01%
2023-09-07
ST GERMAIN D J CO INC
new
-
14,568
14,568
-%

1–10 of 46

Latest Funds Activity

Are funds buying TFC calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own TFC
No. of Funds

Schedule 13G FIlings of Truist Financial

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
9.22%
122,319,147
SC 13G/A
Feb 01, 2023
blackrock inc.
7.0%
92,387,778
SC 13G/A
Feb 11, 2022
capital international investors
3.1%
41,100,677
SC 13G/A
Feb 10, 2022
vanguard group inc
8.73%
116,494,076
SC 13G/A
Feb 07, 2022
blackrock inc.
7.2%
95,681,454
SC 13G/A
Feb 16, 2021
capital international investors
5.6%
75,878,878
SC 13G
Feb 10, 2021
vanguard group inc
7.86%
105,915,927
SC 13G/A
Feb 01, 2021
blackrock inc.
6.6%
89,294,163
SC 13G/A
Feb 12, 2020
vanguard group inc
8.03%
107,841,186
SC 13G/A
Feb 06, 2020
blackrock inc.
6.9%
92,175,346
SC 13G

Recent SEC filings of Truist Financial

View All Filings
Date Filed Form Type Document
Sep 19, 2023
4
Insider Trading
Sep 11, 2023
8-K
Current Report
Aug 10, 2023
4
Insider Trading
Aug 01, 2023
13F-HR
Fund Holdings Report
Jul 31, 2023
10-Q
Quarterly Report
Jul 27, 2023
4
Insider Trading
Jul 25, 2023
4
Insider Trading
Jul 20, 2023
8-K
Current Report
Jun 27, 2023
11-K
Employee Benefit Details

Peers (Alternatives to Truist Financial)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
429.0B
173.2B
-1.11% 32.21%
8.97
2.48
35.92% 22.61%
219.8B
110.0B
-2.85% -13.90%
7.38
2
51.38% 6.30%
152.5B
72.5B
-0.91% -0.06%
9.35
2.1
73.83% -8.32%
51.2B
25.2B
-7.92% -21.52%
8.83
2.03
79.85% -14.63%
48.5B
22.9B
1.21% -21.09%
7.59
2.11
38.72% 11.55%
6.0B
3.5B
-9.82% -52.05%
5.39
1.7
63.30% 33.69%
MID-CAP
6.6B
2.0B
-6.37% -35.02%
10.07
3.77
87.42% 64.02%
6.0B
1.9B
-2.13% -11.80%
9.47
3.18
63.51% 27.47%
5.1B
3.4B
0.35% -37.85%
5.74
1.47
49.65% 2.44%
5.0B
1.9B
-0.58% -20.73%
8.09
2.64
77.79% 14.10%
SMALL-CAP
1.5B
434.3M
-6.61% -25.52%
10.92
3.53
26.93% -3.25%
1.3B
738.4M
-9.89% -34.17%
12.39
1.74
72.51% -6.48%
1.1B
270.1M
-4.16% -22.91%
7.29
4.18
51.23% 68.79%
1.1B
919.0M
-6.88% -37.33%
5.78
1.15
55.57% -16.98%

Truist Financial News

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Is Truist Financial a Buy?.
The Motley Fool,
5 days ago

Returns for TFC

Cumulative Returns on TFC

1.2%


10-Year Cumulative Returns

-1.1%


7-Year Cumulative Returns

-8.4%


5-Year Cumulative Returns

-5.3%


3-Year Cumulative Returns

Risks for TFC

What is the probability of a big loss on TFC?

63.5%


Probability that Truist Financial stock will be more than 20% underwater in next one year

46.5%


Probability that Truist Financial stock will be more than 30% underwater in next one year.

28.1%


Probability that Truist Financial stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does TFC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Truist Financial was unfortunately bought at previous high price.

Drawdowns

Financials for Truist Financial

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue13.1%21,56819,06516,63714,81013,86713,63713,77413,97414,17114,61615,54814,74913,34411,6629,4098,7338,5848,3728,1207,8827,690
EBITDA-100.0%-22,83321,98521,19720,81220,81920,99920,79420,19219,47119,29917,39815,38613,59811,33210,94110,93110,80310,74210,547-
EBITDA Margin-100.0%-1.20*1.32*1.43*1.50*1.53*1.52*1.49*1.42*1.33*1.24*1.18*1.15*1.17*1.20*1.25*1.27*1.29*1.32*1.34*-
Interest Expenses1.5%15,21915,00114,31613,57813,06612,90413,00613,12913,25813,46113,82612,68711,0259,2677,3136,7916,7786,7456,6826,6216,581
Earnings Before Taxes-3.5%7,5607,8327,6697,6197,7467,9157,9937,6656,9346,0105,4734,7114,3614,3314,0194,1504,1534,0584,0603,9263,819
EBT Margin-100.0%-0.41*0.46*0.51*0.56*0.58*0.58*0.55*0.49*0.41*0.35*0.32*0.33*0.37*0.43*0.48*0.48*0.48*0.50*0.50*-
Net Income-2.9%6,1796,3666,2676,1876,2546,3806,4376,1655,6024,9024,4923,8883,5753,5023,2373,3163,3273,2643,2573,1192,928
Net Income Margin-100.0%-0.33*0.38*0.42*0.45*0.47*0.47*0.44*0.40*0.34*0.29*0.26*0.27*0.30*0.34*0.38*0.39*0.39*0.40*0.40*-
Free Cashflow-100.0%-10,82310,517-8,3667,2957,4505,0805,7322,3266,6223,6304,7635,0371,2962,9722,7482,9333,9864,4104,330
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-3.4%554,549574,354555,255548,438545,123543,979541,241529,884521,964517,537509,228499,183504,336506,229473,078236,750230,872227,683225,697222,885222,681
    Cash Equivalents-18.0%30,01036,59621,42122,22523,11329,12220,29519,82726,55732,13218,86837,10841,19736,34819,0652,9042,5532,7203,8443,1533,053
  Net PPE-1.9%3,4533,5193,6053,5853,6823,6623,7003,7193,6993,7873,8703,9684,0023,9993,7122,0222,0292,0782,1182,1542,154
  Goodwill0.0%27,01327,01427,01326,81026,29926,28426,09824,89124,37424,35624,44723,86923,88223,92724,1549,8329,8309,8189,8189,8329,617
Liabilities-4.1%490,868511,960494,718487,627482,124478,935471,970460,984453,628449,661438,316429,210435,453440,168406,520204,447199,108196,800195,519192,878192,849
  Short Term Borrowings3.3%24,45623,67823,42225,68713,7365,1475,2925,2265,6525,8896,0926,2445,70012,69618,21810,40510,3446,3055,1789,6523,576
  Long Term Debt-36.0%44,74969,89543,20331,17230,31933,77335,91337,83737,96937,75339,59741,00842,13365,66241,33925,52022,64024,72923,70923,23624,081
Shareholder's Equity2.1%63,68162,39460,53760,81162,99965,04469,27168,90068,33667,87670,91269,97368,88366,06166,55832,30331,76430,88330,17830,00729,832
  Retained Earnings2.0%27,57727,03826,26425,34424,50023,68722,99822,11421,13920,18419,45518,83418,37318,07619,80619,44019,05018,51818,11817,67317,197
  Additional Paid-In Capital4.1%35,99034,58234,54434,48734,41034,53934,56534,97734,89835,36035,84335,77435,67635,58435,6096,9316,8896,8436,8497,2217,364
Shares Outstanding0.0%1,3321,3321,3271,3271,3301,3291,3281,3351,3381,3461,3491,3481,3481,3441,342766766764763772776
Minority Interest604.5%15522.0023.0023.0024.0023.00----10510610616717469.0061.0060.0056.0059.0052.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-2.1%11,15211,38711,08112,3548,3667,7377,8925,4936,1362,7767,4374,5855,9356,8931,5203,3353,1113,2964,3494,6544,574
  Share Based Compensation--------342363360353326261212165147145142141136134
Cashflow From Investing69.8%-9,650-31,988-29,972-31,343-35,836-35,209-32,056-49,487-38,708-21,018-43,6523,632-809-10,5818,348-11,601-6,212-5,752-4,963-4,941-4,347
Cashflow From Financing-80.8%5,39528,07520,01721,38724,02624,46225,59126,71317,93214,02636,01825,98733,51837,3165,3538,1442,7282,1921,502330-585
  Dividend Payments2.0%2,7642,7102,6562,6052,5542,5172,4852,4542,4212,4242,4242,1621,9001,6051,3091,2731,2411,2211,2041,1531,102
  Buy Backs---2507507501,1101,6161,1161,116506--3.00---3785758851,2051,2031,923

TFC Income Statement

2023-06-30
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest Income    
Interest and fees on loans and leases$ 4,915$ 2,898$ 9,571$ 5,542
Interest on securities7496751,5011,315
Interest on other earning assets512100889173
Total interest income6,1763,67311,9617,030
Interest Expense    
Interest on deposits1,506992,631131
Interest on long-term debt7341371,248269
Interest on other borrowings3113058940
Total interest expense2,5512664,468440
Net Interest Income3,6253,4077,4936,590
Provision for credit losses5381711,04076
Net Interest Income After Provision for Credit Losses3,0873,2366,4536,514
Noninterest Income    
Noninterest income2,2932,2484,5274,390
Noninterest Expense    
Personnel expense2,2562,1024,4374,153
Professional fees and outside processing352349666712
Software expense237234451466
Net occupancy expense180181363389
Amortization of intangibles131143267280
Equipment expense92114202232
Marketing and customer development7993157177
Operating lease depreciation44479095
Regulatory costs734414879
Merger-related and restructuring charges54121117337
Other expense250152541334
Total noninterest expense3,7483,5807,4397,254
Earnings    
Income before income taxes1,6321,9043,5413,650
Provision for income taxes287372681702
Net income1,3451,5322,8602,948
Noncontrolling interests361382
Preferred stock dividends and other7577178165
Net income available to common shareholders$ 1,234$ 1,454$ 2,644$ 2,781
Basic EPS$ 0.93$ 1.09$ 1.99$ 2.09
Diluted EPS$ 0.92$ 1.09$ 1.98$ 2.08
Basic weighted average shares outstanding (in shares)1,331,9531,330,1601,330,2861,329,601
Diluted weighted average shares outstanding (in shares)1,337,3071,338,8641,338,3461,340,225
Insurance income    
Noninterest Income    
Noninterest income$ 935$ 825$ 1,748$ 1,552
Wealth management income    
Noninterest Income    
Noninterest income330337669680
Investment banking and trading income    
Noninterest Income    
Noninterest income211255472516
Service charges on deposits    
Noninterest Income    
Noninterest income240254489506
Card and payment related fees    
Noninterest Income    
Noninterest income236246466458
Mortgage banking income    
Noninterest Income    
Noninterest income99100241221
Lending related fees    
Noninterest Income    
Noninterest income86100192185
Operating lease income    
Noninterest Income    
Noninterest income6466131124
Securities gains (losses)    
Noninterest Income    
Noninterest income0(1)0(70)
Other income    
Noninterest Income    
Noninterest income$ 92$ 66$ 119$ 218

TFC Balance Sheet

2023-06-30
Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Millions
Jun. 30, 2023
Dec. 31, 2022
Assets  
Cash and Due from Banks$ 4,782$ 5,379
Interest-bearing deposits with banks25,22816,042
Securities borrowed or purchased under agreements to resell2,3153,181
Trading assets at fair value4,0974,905
AFS securities at fair value68,96571,801
HTM securities (fair value of $45,956 and $47,791, respectively)55,95857,713
LHFS (including $1,645 and $1,065 at fair value, respectively)1,9231,444
Total loans and leases322,092325,991
ALLL(4,606)(4,377)
Loans and leases, net of ALLL317,486321,614
Premises and equipment3,4533,605
Goodwill27,01327,013
CDI and other intangible assets3,4033,672
Loan servicing rights at fair value3,4973,758
Other assets (including $1,715 and $1,582 at fair value, respectively)36,42935,128
Total assets554,549555,255
Liabilities  
Noninterest-bearing deposits121,831135,742
Interest-bearing deposits284,212277,753
Short-term borrowings (including $1,585 and $1,551 at fair value, respectively)24,45623,422
Long-term debt44,74943,203
Other liabilities (including $3,128 and $2,971 at fair value, respectively)15,62014,598
Total liabilities490,868494,718
Shareholders’ Equity  
Preferred stock6,6736,673
Common stock, $5 par value6,6606,634
Additional paid-in capital35,99034,544
Retained earnings27,57726,264
AOCI, net of deferred income taxes(13,374)(13,601)
Noncontrolling interests15523
Total shareholders’ equity63,68160,537
Total liabilities and shareholders’ equity$ 554,549$ 555,255
Common shares outstanding1,331,9761,326,829
Common shares authorized2,000,0002,000,000
Preferred shares outstanding223223
Preferred shares authorized5,0005,000
William H. Rogers
52600
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.