Truist Financial (TFC)
(Delayed Data from NYSE)
$42.32 USD
-0.61 (-1.42%)
Updated Sep 20, 2024 04:00 PM ET
After-Market: $42.32 0.00 (0.00%) 7:58 PM ET
3-Hold of 5 3
B Value F Growth C Momentum C VGM
Company Summary
Truist Financial, formed following the ‘merger of equals’ deal between BB&T Corp and SunTrust Banks, is one of the largest commercial banks in the United States. The company — headquartered in Charlotte, NC — conducts business operations primarily through its bank subsidiary, Truist Bank, and few other non-bank subsidiaries.
Truist Bank, through 1,930 banking offices and 2,942 automated telling machines (ATMs), offers a variety of services to consumers and commercial clients.
Effective Jan 1, 2024, several business activities were realigned reflecting updates to the company’...
Company Summary
Truist Financial, formed following the ‘merger of equals’ deal between BB&T Corp and SunTrust Banks, is one of the largest commercial banks in the United States. The company — headquartered in Charlotte, NC — conducts business operations primarily through its bank subsidiary, Truist Bank, and few other non-bank subsidiaries.
Truist Bank, through 1,930 banking offices and 2,942 automated telling machines (ATMs), offers a variety of services to consumers and commercial clients.
Effective Jan 1, 2024, several business activities were realigned reflecting updates to the company’s operating structure. Also, since the company has closed the deal to sell the remaining stake in its insurance subsidiary, it no longer reports business through the insurance segment.
Now, Truist Financial has the following operating segments:
Consumer and Small Business Banking (CSBB) serves consumer and small businesses clients, providing deposits and payment services, credit cards, loans, mortgages, brokerage, and investment advisory services and insurance solutions through a network of branches, ATMs, digital channels and contact centers.
Wholesale Banking (WB) delivers a comprehensive suite of solutions to commercial, corporate, institutional, real estate, and wealth clients bringing together a combination of local and specialized industry expertise. The segment is focused on providing core banking, specialized lending, investment banking, capital markets, strategic advisory, market-making, asset management, trust, brokerage, and investment related services.
Others, Treasury & Corporate includes management of investment securities portfolio, long-term debt, derivative instruments used for balance sheet hedging, short-term liquidity and funding activities, balance sheet risk management and real estate assets, as well as the functional activities like finance, enterprise risk, legal, and enterprise technology and management, among others.
As of Jun 30, 2024, Truist Financial’s total assets were $519.9 billion, net loans and leases were $300.9 billion, deposits were $385.4 billion and total shareholders’ equity was $63.8 billion.
General Information
Truist Financial Corporation
214 NORTH TRYON STREET
CHARLOTTE, NC 28202
Phone: 336-733-2000
Fax: 336-721-3499
Email: investors@truist.com
Industry | Banks - Major Regional |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 10/17/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 0.89 |
Current Year EPS Consensus Estimate | 3.55 |
Estimated Long-Term EPS Growth Rate | 6.10 |
Exp Earnings Date | 10/17/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 42.93 |
52 Week High | 45.31 |
52 Week Low | 26.57 |
Beta | 1.06 |
20 Day Moving Average | 7,623,788.00 |
Target Price Consensus | 46.99 |
4 Week | -3.47 |
12 Week | 8.93 |
YTD | 14.63 |
4 Week | -4.62 |
12 Week | 4.31 |
YTD | -4.12 |
Shares Outstanding (millions) | 1,339.14 |
Market Capitalization (millions) | 56,672.55 |
Short Ratio | NA |
Last Split Date | 8/4/1998 |
Dividend Yield | 4.91% |
Annual Dividend | $2.08 |
Payout Ratio | 0.60 |
Change in Payout Ratio | 0.16 |
Last Dividend Payout / Amount | 8/9/2024 / $0.52 |
Fundamental Ratios
P/E (F1) | 11.92 |
Trailing 12 Months | 12.23 |
PEG Ratio | 1.95 |
vs. Previous Year | -4.21% |
vs. Previous Quarter | 1.11% |
vs. Previous Year | -8.03% |
vs. Previous Quarter | 2.08% |
Price/Book | 0.99 |
Price/Cash Flow | 4.53 |
Price / Sales | 1.76 |
6/30/24 | 9.18 |
3/31/24 | 9.15 |
12/31/23 | 9.64 |
6/30/24 | 0.94 |
3/31/24 | 0.92 |
12/31/23 | 0.96 |
6/30/24 | 0.86 |
3/31/24 | 0.82 |
12/31/23 | 0.82 |
6/30/24 | 0.86 |
3/31/24 | 0.82 |
12/31/23 | 0.82 |
6/30/24 | 15.52 |
3/31/24 | 15.13 |
12/31/23 | 15.99 |
6/30/24 | -5.63 |
3/31/24 | -4.28 |
12/31/23 | -3.28 |
6/30/24 | -22.44 |
3/31/24 | -1.80 |
12/31/23 | -0.56 |
6/30/24 | 42.71 |
3/31/24 | 39.15 |
12/31/23 | 39.42 |
6/30/24 | 5.69 |
3/31/24 | 4.90 |
12/31/23 | 3.75 |
6/30/24 | 0.61 |
3/31/24 | 0.75 |
12/31/23 | 0.74 |
6/30/24 | 35.16 |
3/31/24 | 39.82 |
12/31/23 | 39.64 |