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Truist Financial Corp Stock Research

TFC

34.10USD+0.25(+0.74%)Market Closed

Market Summary

USD34.10+0.25
Market Closed
0.74%

TFC Alerts

TFC Stock Price

TFC RSI Chart

TFC Valuation

Market Cap

44.9B

Price/Earnings (Trailing)

7.17

Price/Sales (Trailing)

2.7

EV/EBITDA

3.03

Price/Free Cashflow

4.27

TFC Price/Sales (Trailing)

TFC Profitability

EBT Margin

46.10%

Return on Equity

10.35%

Return on Assets

1.13%

Free Cashflow Yield

23.42%

TFC Fundamentals

TFC Revenue

Revenue (TTM)

16.6B

Revenue Y/Y

53.56%

Revenue Q/Q

19.89%

TFC Earnings

Earnings (TTM)

6.3B

Earnings Y/Y

4.99%

Earnings Q/Q

2.75%

Price Action

52 Week Range

28.7055.08
(Low)(High)

Last 7 days

4.2%

Last 30 days

-27.9%

Last 90 days

-20.5%

Trailing 12 Months

-39.8%

TFC Financial Health

Debt/Equity

0.71

Debt/Cashflow

0.26

TFC Investor Care

Dividend Yield

4.26%

Dividend/Share (TTM)

1.92

Buy Backs (1Y)

0.07%

Diluted EPS (TTM)

4.43

Peers (Alternatives to Truist Financial)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
JPM
381.3B
128.7B
 -10.18% -6.06%
10.12
2.96
 5.79% -22.05%
BAC
226.3B
95.0B
 -16.96% -32.55%
8.22
2.38
 6.55% -13.92%
WFC
141.9B
54.0B
 -20.08% -23.99%
10.77
2.63
 36.10% -38.82%
USB
53.2B
17.9B
 -25.73% -34.36%
9.13
2.96
 33.05% -26.85%
PNC
52.1B
21.1B
 -19.56% -31.54%
8.52
2.47
 9.94% 6.78%
FHN
9.3B
2.7B
 -29.03% -23.84%
10.37
3.48
 24.33% -9.91%
MID-CAP
CFR
6.7B
1.5B
 -21.32% -26.79%
11.51
4.52
 46.29% 30.71%
BOKF
6.4B
1.4B
 -19.76% -11.28%
12.34
4.61
 17.98% -15.83%
ZION
4.5B
2.7B
 -40.14% -53.66%
4.97
1.67
 19.32% -19.66%
PNFP
4.2B
1.4B
 -25.86% -41.15%
7.49
3.06
 33.23% 6.34%
SMALL-CAP
PRK
1.9B
378.2M
 -8.81% -8.88%
12.77
5.01
 19.24% -3.63%
TRMK
1.5B
541.8M
 -16.36% -20.11%
20.86
2.77
 22.45% -51.22%
WABC
1.2B
221.8M
 -20.10% -25.60%
9.71
5.34
 27.86% 41.07%
HOPE
1.2B
716.1M
 -23.26% -37.55%
5.38
1.64
 26.40% 6.70%

Financials for Truist Financial

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue12.3%16,63714,81013,86713,63713,774
EBITDA3.7%21,98521,19720,81220,819-
EBITDA Margin-7.7%1.32*1.43*1.50*1.53*-
Earnings Before Taxes0.7%7,6697,6197,7467,9157,993
EBT Margin-10.4%0.46*0.51*0.56*0.58*-
Interest Expenses5.4%14,31613,57813,06612,90413,006
Net Income1.3%6,2676,1876,2546,3806,437
Net Income Margin-9.8%0.38*0.42*0.45*0.47*-
Free Cahsflow25.7%10,5178,3667,2957,450-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.2%555,255548,438545,123543,979541,241
    Cash Equivalents-3.6%21,42122,22523,11329,12220,295
  Net PPE0.6%3,6053,5853,6823,6623,700
  Goodwill0.8%27,01326,81026,29926,28426,098
Liabilities1.5%494,718487,627482,124478,935471,970
.    Short Term Borrowings-8.8%23,42225,68713,7365,1475,292
  Long Term Debt38.6%43,20331,17230,31933,77335,913
Shareholder's Equity-0.5%60,53760,81162,99965,04469,271
  Retained Earnings3.6%26,26425,34424,50023,68722,998
  Additional Paid-In Capital0.2%34,54434,48734,41034,53934,565
Shares Outstanding0.0%1,3271,3271,3261,3311,328
Minority Interest0%23.0023.0024.0023.00-
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-10.3%11,08112,3548,3667,7377,892
Cashflow From Investing4.4%-29,972-31,343-35,836-35,209-32,056
Cashflow From Financing-6.4%20,01721,38724,02624,46225,591
  Dividend Payments2.0%2,6562,6052,5542,5172,485
  Buy Backs-66.7%2507507501,1101,616

Risks for TFC

What is the probability of a big loss on TFC?

53.9%

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

36.9%

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

20%

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

Returns for TFC

Cumulative Returns on TFC

4.2%

10-Year Cumulative Returns

3.7%

7-Year Cumulative Returns

-4.8%

5-Year Cumulative Returns

5.3%

3-Year Cumulative Returns

What are the long-term rolling returns for TFC?

FIve years rolling returns for Truist Financial.

Annualized Returns

Which funds bought or sold TFC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-27
Neo Ivy Capital Management
added
37.93
58,000
217,000
 0.15%
2023-03-23
ETF MANAGERS GROUP, LLC
added
4.63
17,946
551,946
 0.03%
2023-03-23
MetLife Investment Management, LLC
reduced
-1.58
-419,702
14,912,700
 0.12%
2023-03-17
American Portfolios Advisors
reduced
-0.06
-115,193
1,279,060
 0.05%
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-15.19
-260,181
1,340,820
 0.04%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-2.55
-4,163,130
108,660,000
 0.12%
2023-03-08
SHEETS SMITH WEALTH MANAGEMENT
reduced
-0.29
-13,821
922,179
 0.14%
2023-03-08
Capital Asset Advisory Services LLC
reduced
-8.46
-79,851
962,149
 0.08%
2023-03-07
Great Lakes Retirement, Inc.
new
-
784,689
784,689
 0.20%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-9.96
-1,104,000
8,906,000
 0.04%

1–10 of 48

Latest Funds Activity

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

TFC Alerts

Truist Financial News

MarketWatch

Truist Financial Corp. stock rises Friday, still underperforms market.

MarketWatch,
44 minutes ago

Seeking Alpha

Will Bank Stocks Recover In 2023? Be Patient And A Bit Nervous.

Seeking Alpha,
8 hours ago

Morningstar

Here are the 20 best performing stocks of March — and the 20 worst.

Morningstar,
10 hours ago

MarketBeat

Woodward, Inc. (NASDAQ:WWD) Given Consensus ....

MarketBeat,
13 hours ago

MarketBeat

Alliance Wealth Advisors LLC Buys 3083 Shares of Truist Financial ....

MarketBeat,
28 hours ago

24/7 Wall St.

Goldman Sachs Has 6 Buy-Rated Dividend-Paying Regional Banks With Huge Upside Potential.

24/7 Wall St.,
35 hours ago

MarketBeat

Mcrae Capital Management Inc. Decreases Stock Position in Truist ....

MarketBeat,
2 days ago

Nasdaq

US STOCKS-Wall St set for higher open as banking crisis fears ebb.

Nasdaq,
2 days ago

The Wall Street Journal

As Interest Rates Rose, Banks Did a Balance-Sheet Switcheroo.

The Wall Street Journal,
2 days ago

Yahoo Finance

Truist announces first-quarter 2023 earnings call details.

Yahoo Finance,
3 days ago

Nasdaq

3 Stocks to Snap Up on Super Sale After the Banking Fallout.

Nasdaq,
3 days ago

Nasdaq

Guru Fundamental Report for TFC - Peter Lynch.

Nasdaq,
4 days ago

Nasdaq

IAT, PNC, USB, TFC: Large Inflows Detected at ETF.

Nasdaq,
4 days ago

Nasdaq

If Safety is Your Concern, Then Take a Look at Sandy Spring Bank.

Nasdaq,
4 days ago

Nasdaq

Component Price Targets Imply 14% Gains Ahead For S&P 500.

Nasdaq,
4 days ago

InvestorsObserver

Should You Sell Truist Financial Corp (TFC) Stock Monday Morning?.

InvestorsObserver,
4 days ago

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

TFC Fair Value

Truist Financial fair value in different scenarios

The table shows the Fair Value estimates for Truist Financial for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

70.82

107.68%

91.00

166.86%

139.47

309.00%

201.83

491.88%

264.90

676.83%
Current Inflation

64.27

88.48%

81.44

138.83%

122.35

258.80%

174.61

412.05%

227.73

567.83%
Very High Inflation

56.22

64.87%

69.90

104.99%

102.22

199.77%

143.14

319.77%

185.05

442.67%

Historical Truist Financial Fair Value Estimates

Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Truist Financial

View All Filings
Date Filed Form Type Document
Mar 23, 2023
4/A
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading

Latest Insider Trading transactions for TFC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-15
Powell Cynthia B
sold (taxes)
-25,680
32.1
-800
corp. controller, exec vp
2023-03-15
Weaver David Hudson
sold (taxes)
-283,347
32.1
-8,827
sr. executive vice president
2023-03-15
FITZSIMMONS ELLEN M
sold (taxes)
-347,226
32.1
-10,817
chief legal officer
2023-03-15
KING KELLY S
sold (taxes)
-1,525,300
32.1
-47,517
-
2023-03-15
Wilson Donta L
sold (taxes)
-221,650
32.1
-6,905
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
Cummins Hugh S. III
sold (taxes)
-604,924
32.1
-18,845
vice chair
2023-03-15
Case Scott
sold (taxes)
-354,288
32.1
-11,037
sr. executive vice president
2023-03-15
Moore-Wright Kimberly
sold (taxes)
-49,915
32.1
-1,555
sr. executive vice presidnet
2023-03-15
Thompson Joseph M
sold (taxes)
-289,125
32.1
-9,007
sr. executive vice president

1–10 of 50

About Truist Financial

William H. Rogers
www.truist.com
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.

TFC Income Statement

2022-12-31
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest Income   
Interest and fees on loans and leases$ 13,252$ 11,481$ 13,485
Interest on securities2,7632,0901,739
Interest on other earning assets622203324
Total interest income16,63713,77415,548
Interest Expense   
Interest on deposits1,145148785
Interest on long-term debt791573800
Interest on other borrowings38547137
Total interest expense2,3217681,722
Net Interest Income14,31613,00613,826
Provision for credit losses777(813)2,335
Net Interest Income After Provision for Credit Losses13,53913,81911,491
Noninterest Income   
Noninterest income8,7199,2908,879
Noninterest Expense   
Personnel expense8,4678,6328,146
Professional fees and outside processing1,4111,4421,252
Software expense932945862
Net occupancy expense744764904
Amortization of intangibles583574685
Equipment expense478513484
Marketing and customer development352294273
Operating lease depreciation184190258
Regulatory costs183137125
Merger-related and restructuring charges513822860
Other expense7428031,048
Total noninterest expense14,58915,11614,897
Earnings   
Income before income taxes7,6697,9935,473
Provision for income taxes1,4021,556981
Net income6,2676,4374,492
Noncontrolling interests7(3)10
Net income available to the bank holding company6,2606,4404,482
Preferred stock dividends and other333407298
Net income available to common shareholders$ 5,927$ 6,033$ 4,184
Basic EPS$ 4.46$ 4.51$ 3.11
Diluted EPS$ 4.43$ 4.47$ 3.08
Basic weighted average shares outstanding (in shares)1,328,1201,337,1441,347,080
Diluted weighted average shares outstanding (in shares)1,338,4621,349,3781,358,289
Insurance income   
Noninterest Income   
Noninterest income$ 3,043$ 2,627$ 2,193
Wealth management income   
Noninterest Income   
Noninterest income1,3381,3921,277
Investment banking and trading income   
Noninterest Income   
Noninterest income9951,4411,010
Service charges on deposits   
Noninterest Income   
Noninterest income1,0261,0601,020
Card and payment related fees   
Noninterest Income   
Noninterest income944874761
Mortgage banking income   
Noninterest Income   
Noninterest income4607341,185
Lending related fees   
Noninterest Income   
Noninterest income375349315
Operating lease income   
Noninterest Income   
Noninterest income258262309
Securities gains (losses)   
Noninterest Income   
Noninterest income(71)0402
Other income   
Noninterest Income   
Noninterest income$ 351$ 551$ 407

TFC Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets  
Cash and Due from Banks$ 5,379$ 5,085
Interest-bearing deposits with banks16,04215,210
Securities borrowed or purchased under agreements to resell3,1814,028
Trading assets at fair value4,9054,423
AFS securities at fair value71,801153,123
HTM securities ($47,791 and $1,495 at fair value, respectively)57,7131,494
LHFS (including $1,065 and $3,544 at fair value, respectively)1,4444,812
Total loans and leases325,991289,513
ALLL(4,377)(4,435)
Loans and leases, net of ALLL321,614285,078
Premises and equipment3,6053,700
Goodwill27,01326,098
CDI and other intangible assets3,6723,408
Loan servicing rights at fair value3,7582,633
Other assets (including $1,582 and $3,436 at fair value, respectively)35,12832,149
Total assets555,255541,241
Liabilities  
Noninterest-bearing deposits135,742145,892
Interest-bearing deposits277,753270,596
Short-term borrowings (including $1,551 and $1,731 at fair value, respectively)23,4225,292
Long-term debt43,20335,913
Other liabilities (including $2,971 and $586 at fair value, respectively)14,59814,277
Total liabilities494,718471,970
Shareholders’ Equity  
Preferred stock6,6736,673
Common stock, $5 par value6,6346,639
Additional paid-in capital34,54434,565
Retained earnings26,26422,998
AOCI, net of deferred income taxes(13,601)(1,604)
Noncontrolling interests230
Total shareholders’ equity60,53769,271
Total liabilities and shareholders’ equity$ 555,255$ 541,241
Common shares outstanding1,326,8291,327,818
Common shares authorized2,000,0002,000,000
Preferred shares outstanding223223
Preferred shares authorized5,0005,000