Market Summary
USD28.07-0.09
Market Closed-0.32%
TFC Alerts
TFC Stock Price
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TFC Price/Sales (Trailing)
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TFC Earnings
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
TFC Investor Care
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Net sales
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Latest Insider Trading transactions for TFC
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 |
Which funds bought or sold TFC recently?
View All Details| Datesorted ascending | Fund Name | Type | % 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 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
TFC Alerts
Schedule 13G FIlings of Truist Financial
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
JPM | 429.0B | 173.2B | -1.11% | 32.21% | 8.97 | 2.48 | 35.92% | 22.61% |
BAC | 219.8B | 110.0B | -2.85% | -13.90% | 7.38 | 2 | 51.38% | 6.30% |
WFC | 152.5B | 72.5B | -0.91% | -0.06% | 9.35 | 2.1 | 73.83% | -8.32% |
USB | 51.2B | 25.2B | -7.92% | -21.52% | 8.83 | 2.03 | 79.85% | -14.63% |
PNC | 48.5B | 22.9B | 1.21% | -21.09% | 7.59 | 2.11 | 38.72% | 11.55% |
FHN | 6.0B | 3.5B | -9.82% | -52.05% | 5.39 | 1.7 | 63.30% | 33.69% |
| MID-CAP | ||||||||
CFR | 6.6B | 2.0B | -6.37% | -35.02% | 10.07 | 3.77 | 87.42% | 64.02% |
BOKF | 6.0B | 1.9B | -2.13% | -11.80% | 9.47 | 3.18 | 63.51% | 27.47% |
ZION | 5.1B | 3.4B | 0.35% | -37.85% | 5.74 | 1.47 | 49.65% | 2.44% |
PNFP | 5.0B | 1.9B | -0.58% | -20.73% | 8.09 | 2.64 | 77.79% | 14.10% |
| SMALL-CAP | ||||||||
PRK | 1.5B | 434.3M | -6.61% | -25.52% | 10.92 | 3.53 | 26.93% | -3.25% |
TRMK | 1.3B | 738.4M | -9.89% | -34.17% | 12.39 | 1.74 | 72.51% | -6.48% |
WABC | 1.1B | 270.1M | -4.16% | -22.91% | 7.29 | 4.18 | 51.23% | 68.79% |
HOPE | 1.1B | 919.0M | -6.88% | -37.33% | 5.78 | 1.15 | 55.57% | -16.98% |
Truist Financial News
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) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 13.1% | 21,568 | 19,065 | 16,637 | 14,810 | 13,867 | 13,637 | 13,774 | 13,974 | 14,171 | 14,616 | 15,548 | 14,749 | 13,344 | 11,662 | 9,409 | 8,733 | 8,584 | 8,372 | 8,120 | 7,882 | 7,690 |
| EBITDA | -100.0% | - | 22,833 | 21,985 | 21,197 | 20,812 | 20,819 | 20,999 | 20,794 | 20,192 | 19,471 | 19,299 | 17,398 | 15,386 | 13,598 | 11,332 | 10,941 | 10,931 | 10,803 | 10,742 | 10,547 | - |
| 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 Expenses | 1.5% | 15,219 | 15,001 | 14,316 | 13,578 | 13,066 | 12,904 | 13,006 | 13,129 | 13,258 | 13,461 | 13,826 | 12,687 | 11,025 | 9,267 | 7,313 | 6,791 | 6,778 | 6,745 | 6,682 | 6,621 | 6,581 |
| Earnings Before Taxes | -3.5% | 7,560 | 7,832 | 7,669 | 7,619 | 7,746 | 7,915 | 7,993 | 7,665 | 6,934 | 6,010 | 5,473 | 4,711 | 4,361 | 4,331 | 4,019 | 4,150 | 4,153 | 4,058 | 4,060 | 3,926 | 3,819 |
| 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% | 6,179 | 6,366 | 6,267 | 6,187 | 6,254 | 6,380 | 6,437 | 6,165 | 5,602 | 4,902 | 4,492 | 3,888 | 3,575 | 3,502 | 3,237 | 3,316 | 3,327 | 3,264 | 3,257 | 3,119 | 2,928 |
| 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% | - | 10,823 | 10,517 | - | 8,366 | 7,295 | 7,450 | 5,080 | 5,732 | 2,326 | 6,622 | 3,630 | 4,763 | 5,037 | 1,296 | 2,972 | 2,748 | 2,933 | 3,986 | 4,410 | 4,330 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -3.4% | 554,549 | 574,354 | 555,255 | 548,438 | 545,123 | 543,979 | 541,241 | 529,884 | 521,964 | 517,537 | 509,228 | 499,183 | 504,336 | 506,229 | 473,078 | 236,750 | 230,872 | 227,683 | 225,697 | 222,885 | 222,681 |
| Cash Equivalents | -18.0% | 30,010 | 36,596 | 21,421 | 22,225 | 23,113 | 29,122 | 20,295 | 19,827 | 26,557 | 32,132 | 18,868 | 37,108 | 41,197 | 36,348 | 19,065 | 2,904 | 2,553 | 2,720 | 3,844 | 3,153 | 3,053 |
| Net PPE | -1.9% | 3,453 | 3,519 | 3,605 | 3,585 | 3,682 | 3,662 | 3,700 | 3,719 | 3,699 | 3,787 | 3,870 | 3,968 | 4,002 | 3,999 | 3,712 | 2,022 | 2,029 | 2,078 | 2,118 | 2,154 | 2,154 |
| Goodwill | 0.0% | 27,013 | 27,014 | 27,013 | 26,810 | 26,299 | 26,284 | 26,098 | 24,891 | 24,374 | 24,356 | 24,447 | 23,869 | 23,882 | 23,927 | 24,154 | 9,832 | 9,830 | 9,818 | 9,818 | 9,832 | 9,617 |
| Liabilities | -4.1% | 490,868 | 511,960 | 494,718 | 487,627 | 482,124 | 478,935 | 471,970 | 460,984 | 453,628 | 449,661 | 438,316 | 429,210 | 435,453 | 440,168 | 406,520 | 204,447 | 199,108 | 196,800 | 195,519 | 192,878 | 192,849 |
| Short Term Borrowings | 3.3% | 24,456 | 23,678 | 23,422 | 25,687 | 13,736 | 5,147 | 5,292 | 5,226 | 5,652 | 5,889 | 6,092 | 6,244 | 5,700 | 12,696 | 18,218 | 10,405 | 10,344 | 6,305 | 5,178 | 9,652 | 3,576 |
| Long Term Debt | -36.0% | 44,749 | 69,895 | 43,203 | 31,172 | 30,319 | 33,773 | 35,913 | 37,837 | 37,969 | 37,753 | 39,597 | 41,008 | 42,133 | 65,662 | 41,339 | 25,520 | 22,640 | 24,729 | 23,709 | 23,236 | 24,081 |
| Shareholder's Equity | 2.1% | 63,681 | 62,394 | 60,537 | 60,811 | 62,999 | 65,044 | 69,271 | 68,900 | 68,336 | 67,876 | 70,912 | 69,973 | 68,883 | 66,061 | 66,558 | 32,303 | 31,764 | 30,883 | 30,178 | 30,007 | 29,832 |
| Retained Earnings | 2.0% | 27,577 | 27,038 | 26,264 | 25,344 | 24,500 | 23,687 | 22,998 | 22,114 | 21,139 | 20,184 | 19,455 | 18,834 | 18,373 | 18,076 | 19,806 | 19,440 | 19,050 | 18,518 | 18,118 | 17,673 | 17,197 |
| Additional Paid-In Capital | 4.1% | 35,990 | 34,582 | 34,544 | 34,487 | 34,410 | 34,539 | 34,565 | 34,977 | 34,898 | 35,360 | 35,843 | 35,774 | 35,676 | 35,584 | 35,609 | 6,931 | 6,889 | 6,843 | 6,849 | 7,221 | 7,364 |
| Shares Outstanding | 0.0% | 1,332 | 1,332 | 1,327 | 1,327 | 1,330 | 1,329 | 1,328 | 1,335 | 1,338 | 1,346 | 1,349 | 1,348 | 1,348 | 1,344 | 1,342 | 766 | 766 | 764 | 763 | 772 | 776 |
| Minority Interest | 604.5% | 155 | 22.00 | 23.00 | 23.00 | 24.00 | 23.00 | - | - | - | - | 105 | 106 | 106 | 167 | 174 | 69.00 | 61.00 | 60.00 | 56.00 | 59.00 | 52.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -2.1% | 11,152 | 11,387 | 11,081 | 12,354 | 8,366 | 7,737 | 7,892 | 5,493 | 6,136 | 2,776 | 7,437 | 4,585 | 5,935 | 6,893 | 1,520 | 3,335 | 3,111 | 3,296 | 4,349 | 4,654 | 4,574 |
| Share Based Compensation | - | - | - | - | - | - | - | - | 342 | 363 | 360 | 353 | 326 | 261 | 212 | 165 | 147 | 145 | 142 | 141 | 136 | 134 |
| Cashflow From Investing | 69.8% | -9,650 | -31,988 | -29,972 | -31,343 | -35,836 | -35,209 | -32,056 | -49,487 | -38,708 | -21,018 | -43,652 | 3,632 | -809 | -10,581 | 8,348 | -11,601 | -6,212 | -5,752 | -4,963 | -4,941 | -4,347 |
| Cashflow From Financing | -80.8% | 5,395 | 28,075 | 20,017 | 21,387 | 24,026 | 24,462 | 25,591 | 26,713 | 17,932 | 14,026 | 36,018 | 25,987 | 33,518 | 37,316 | 5,353 | 8,144 | 2,728 | 2,192 | 1,502 | 330 | -585 |
| Dividend Payments | 2.0% | 2,764 | 2,710 | 2,656 | 2,605 | 2,554 | 2,517 | 2,485 | 2,454 | 2,421 | 2,424 | 2,424 | 2,162 | 1,900 | 1,605 | 1,309 | 1,273 | 1,241 | 1,221 | 1,204 | 1,153 | 1,102 |
| Buy Backs | - | - | - | 250 | 750 | 750 | 1,110 | 1,616 | 1,116 | 1,116 | 506 | - | -3.00 | - | - | - | 378 | 575 | 885 | 1,205 | 1,203 | 1,923 |
TFC Income Statement
2023-06-30Consolidated Statements of Income - USD ($) shares in Thousands, $ in Millions | 3 Months Ended | 6 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 securities | 749 | 675 | 1,501 | 1,315 |
| Interest on other earning assets | 512 | 100 | 889 | 173 |
| Total interest income | 6,176 | 3,673 | 11,961 | 7,030 |
| Interest Expense | ||||
| Interest on deposits | 1,506 | 99 | 2,631 | 131 |
| Interest on long-term debt | 734 | 137 | 1,248 | 269 |
| Interest on other borrowings | 311 | 30 | 589 | 40 |
| Total interest expense | 2,551 | 266 | 4,468 | 440 |
| Net Interest Income | 3,625 | 3,407 | 7,493 | 6,590 |
| Provision for credit losses | 538 | 171 | 1,040 | 76 |
| Net Interest Income After Provision for Credit Losses | 3,087 | 3,236 | 6,453 | 6,514 |
| Noninterest Income | ||||
| Noninterest income | 2,293 | 2,248 | 4,527 | 4,390 |
| Noninterest Expense | ||||
| Personnel expense | 2,256 | 2,102 | 4,437 | 4,153 |
| Professional fees and outside processing | 352 | 349 | 666 | 712 |
| Software expense | 237 | 234 | 451 | 466 |
| Net occupancy expense | 180 | 181 | 363 | 389 |
| Amortization of intangibles | 131 | 143 | 267 | 280 |
| Equipment expense | 92 | 114 | 202 | 232 |
| Marketing and customer development | 79 | 93 | 157 | 177 |
| Operating lease depreciation | 44 | 47 | 90 | 95 |
| Regulatory costs | 73 | 44 | 148 | 79 |
| Merger-related and restructuring charges | 54 | 121 | 117 | 337 |
| Other expense | 250 | 152 | 541 | 334 |
| Total noninterest expense | 3,748 | 3,580 | 7,439 | 7,254 |
| Earnings | ||||
| Income before income taxes | 1,632 | 1,904 | 3,541 | 3,650 |
| Provision for income taxes | 287 | 372 | 681 | 702 |
| Net income | 1,345 | 1,532 | 2,860 | 2,948 |
| Noncontrolling interests | 36 | 1 | 38 | 2 |
| Preferred stock dividends and other | 75 | 77 | 178 | 165 |
| 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) | 1,331,953 | 1,330,160 | 1,330,286 | 1,329,601 |
| Diluted weighted average shares outstanding (in shares) | 1,337,307 | 1,338,864 | 1,338,346 | 1,340,225 |
| Insurance income | ||||
| Noninterest Income | ||||
| Noninterest income | $ 935 | $ 825 | $ 1,748 | $ 1,552 |
| Wealth management income | ||||
| Noninterest Income | ||||
| Noninterest income | 330 | 337 | 669 | 680 |
| Investment banking and trading income | ||||
| Noninterest Income | ||||
| Noninterest income | 211 | 255 | 472 | 516 |
| Service charges on deposits | ||||
| Noninterest Income | ||||
| Noninterest income | 240 | 254 | 489 | 506 |
| Card and payment related fees | ||||
| Noninterest Income | ||||
| Noninterest income | 236 | 246 | 466 | 458 |
| Mortgage banking income | ||||
| Noninterest Income | ||||
| Noninterest income | 99 | 100 | 241 | 221 |
| Lending related fees | ||||
| Noninterest Income | ||||
| Noninterest income | 86 | 100 | 192 | 185 |
| Operating lease income | ||||
| Noninterest Income | ||||
| Noninterest income | 64 | 66 | 131 | 124 |
| Securities gains (losses) | ||||
| Noninterest Income | ||||
| Noninterest income | 0 | (1) | 0 | (70) |
| Other income | ||||
| Noninterest Income | ||||
| Noninterest income | $ 92 | $ 66 | $ 119 | $ 218 |
TFC Balance Sheet
2023-06-30Consolidated 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 banks | 25,228 | 16,042 |
| Securities borrowed or purchased under agreements to resell | 2,315 | 3,181 |
| Trading assets at fair value | 4,097 | 4,905 |
| AFS securities at fair value | 68,965 | 71,801 |
| HTM securities (fair value of $45,956 and $47,791, respectively) | 55,958 | 57,713 |
| LHFS (including $1,645 and $1,065 at fair value, respectively) | 1,923 | 1,444 |
| Total loans and leases | 322,092 | 325,991 |
| ALLL | (4,606) | (4,377) |
| Loans and leases, net of ALLL | 317,486 | 321,614 |
| Premises and equipment | 3,453 | 3,605 |
| Goodwill | 27,013 | 27,013 |
| CDI and other intangible assets | 3,403 | 3,672 |
| Loan servicing rights at fair value | 3,497 | 3,758 |
| Other assets (including $1,715 and $1,582 at fair value, respectively) | 36,429 | 35,128 |
| Total assets | 554,549 | 555,255 |
| Liabilities | ||
| Noninterest-bearing deposits | 121,831 | 135,742 |
| Interest-bearing deposits | 284,212 | 277,753 |
| Short-term borrowings (including $1,585 and $1,551 at fair value, respectively) | 24,456 | 23,422 |
| Long-term debt | 44,749 | 43,203 |
| Other liabilities (including $3,128 and $2,971 at fair value, respectively) | 15,620 | 14,598 |
| Total liabilities | 490,868 | 494,718 |
| Shareholders’ Equity | ||
| Preferred stock | 6,673 | 6,673 |
| Common stock, $5 par value | 6,660 | 6,634 |
| Additional paid-in capital | 35,990 | 34,544 |
| Retained earnings | 27,577 | 26,264 |
| AOCI, net of deferred income taxes | (13,374) | (13,601) |
| Noncontrolling interests | 155 | 23 |
| Total shareholders’ equity | 63,681 | 60,537 |
| Total liabilities and shareholders’ equity | $ 554,549 | $ 555,255 |
| Common shares outstanding | 1,331,976 | 1,326,829 |
| Common shares authorized | 2,000,000 | 2,000,000 |
| Preferred shares outstanding | 223 | 223 |
| Preferred shares authorized | 5,000 | 5,000 |
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.