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Truist Financial (TFC)

(Delayed Data from NYSE)

$38.17 USD

38.17
4,650,847

+0.20 (0.53%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $38.16 -0.01 (-0.03%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value D Growth F Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 18% (46 out of 252)

Industry: Banks - Major Regional

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Better trading starts here.

Balance Sheet

Research for TFC

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Truist Financial Corporation falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 37,354 29,507 28,746 24,485 26,215
Receivables 307,263 321,614 285,078 293,899 298,293
Notes Receivable 0 0 0 0 0
Inventories 1,280 1,444 4,812 6,059 8,373
Other Current Assets 0 0 0 0 0
Total Current Assets 345,897 352,565 318,636 324,443 332,881
Net Property & Equipment 3,370 3,605 3,700 3,870 3,712
Investments & Advances 121,473 129,514 154,617 120,788 74,727
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 27,439 34,443 32,139 29,454 29,926
Deposits & Other Assets 37,170 35,128 32,149 30,673 31,832
Total Assets 535,349 555,255 541,241 509,228 473,078
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 24,828 23,422 5,292 6,092 18,218
Accounts Payable 395,865 413,495 416,488 381,077 334,727
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 420,693 436,917 421,780 387,169 352,945
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 38,918 43,203 35,913 39,597 41,339
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 16,485 14,598 14,277 11,550 12,236
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 476,096 494,718 471,970 438,316 406,520
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 6,673 6,673 6,673 8,048 5,102
Common Stock (Par) 6,669 6,634 6,639 6,745 6,711
Capital Surplus 36,177 34,544 34,565 35,843 35,609
Retained Earnings 22,088 26,264 22,998 19,455 19,806
Other Equity -12,354 -13,578 -1,604 821 -670
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 59,253 60,537 69,271 70,912 66,558
Total Liabilities & Shareholder's Equity 535,349 555,255 541,241 509,228 473,078
Total Common Equity 52,580 53,864 62,598 62,864 61,456
Shares Outstanding 1,333.67 1,326.77 1,334.80 1,348.10 1,342.10
Book Value Per Share 39.43 40.60 46.90 46.63 45.79

Fiscal Year End for Truist Financial Corporation falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents 41,909 37,354 36,234 36,422 45,834
Receivables 302,421 307,263 311,006 317,486 323,194
Notes Receivable NA 0 0 0 0
Inventories 1,253 1,280 1,413 1,923 2,160
Other Current Assets NA 0 0 0 0
Total Current Assets 345,583 345,897 348,653 355,831 371,188
Net Property & Equipment 3,274 3,370 3,394 3,453 3,519
Investments & Advances 119,419 121,473 120,059 124,923 128,790
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles 22,390 27,439 33,808 33,913 33,852
Deposits & Other Assets 44,293 37,170 36,793 36,429 37,005
Total Assets 534,959 535,349 542,707 554,549 574,354
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable 26,329 24,828 23,485 24,456 23,678
Accounts Payable 394,265 395,865 400,024 406,043 404,997
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities 420,594 420,693 423,509 430,499 428,675
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt 39,071 38,918 41,232 44,749 69,895
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities 16,241 15,959 15,620 13,390
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities 475,906 476,096 480,700 490,868 511,960
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock 6,673 6,673 6,673 6,673 6,673
Common Stock (Par) 6,690 6,669 6,668 6,660 6,660
Capital Surplus 36,197 36,177 36,114 35,990 34,582
Retained Earnings 22,483 22,088 27,944 27,577 27,038
Other Equity -12,990 -12,354 -15,392 -13,219 -12,559
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity 59,053 59,253 62,007 63,681 62,394
Total Liabilities & Shareholder's Equity 534,959 535,349 542,707 554,549 574,354
Total Common Equity 52,380 52,580 55,334 57,008 55,721
Shares Outstanding 1,334.59 1,333.67 1,333.60 1,331.90 1,331.90
Book Value Per Share 39.25 39.43 41.49 42.80 41.84