Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Formed by the historic merger of equals of BB&T and SunTrust, Truist has leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is the sixth-largest commercial bank in the U.S. with total assets of $509 billion as of December 31, 2020. Truist Bank, Member FDIC.
Company profile
Ticker
TFC, TFC+I, TFC+O, TFC+R
Exchange
CEO
Kelly S. King
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
BB&T CORP, SOUTHERN NATIONAL CORP /NC/
SEC CIK
Corporate docs
Subsidiaries
Sheffield Financial Company • SunTrust Bank Company • SunTrust Bank, Corp. • SunTrust Bank, Inc. • SunTrust Mortgage, Inc. • Truist Bank Company • Truist Bank Inc. • CB Finance, Inc. • CM Finance • STB Real Estate Parent (MA), Inc ...
IRS number
560939887
TFC stock data
Analyst ratings and price targets
Latest filings (excl ownership)
ARS
2022 FY
Annual report to shareholders
13 Mar 23
DEFA14A
Additional proxy soliciting materials
13 Mar 23
DEF 14A
Definitive proxy
13 Mar 23
8-K
Regulation FD Disclosure
8 Mar 23
10-K
2022 FY
Annual report
28 Feb 23
8-K
Truist announces agreement to sell minority stake in Truist Insurance Holdings to Stone Point Capital, valuing
16 Feb 23
8-K
Other Events
26 Jan 23
424B2
Prospectus for primary offering
24 Jan 23
424B2
Prospectus for primary offering
24 Jan 23
FWP
Free writing prospectus
24 Jan 23
Transcripts
TFC
Earnings call transcript
2022 Q4
19 Jan 23
TFC
Earnings call transcript
2022 Q3
18 Oct 22
TFC
Earnings call transcript
2022 Q2
19 Jul 22
TFC
Earnings call transcript
2022 Q1
19 Apr 22
TFC
Earnings call transcript
2021 Q4
18 Jan 22
TFC
Earnings call transcript
2021 Q3
15 Oct 21
TFC
Earnings call transcript
2021 Q2
15 Jul 21
TFC
Earnings call transcript
2021 Q1
15 Apr 21
TFC
Earnings call transcript
2020 Q4
21 Jan 21
TFC
Earnings call transcript
2020 Q3
15 Oct 20
Latest ownership filings
4/A
DAVID M RATCLIFFE
23 Mar 23
4
Donta L Wilson
17 Mar 23
4
David Hudson Weaver
17 Mar 23
4
Joseph M Thompson
17 Mar 23
4
Clarke R Starnes III
17 Mar 23
4
WILLIAM H ROGERS JR
17 Mar 23
4
Cynthia B Powell
17 Mar 23
4
Kimberly Moore-Wright
17 Mar 23
4
Michael Baron Maguire
17 Mar 23
4
KELLY S KING
17 Mar 23
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 21.42 bn | 21.42 bn | 21.42 bn | 21.42 bn | 21.42 bn | 21.42 bn |
| Cash burn (monthly) | 268.00 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 804.78 mm | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 20.62 bn | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 76.9 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
72.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 1413 |
| Opened positions | 172 |
| Closed positions | 114 |
| Increased positions | 540 |
| Reduced positions | 529 |
| 13F shares | Current |
|---|---|
| Total value | 41.66 tn |
| Total shares | 966.31 mm |
| Total puts | 1.79 mm |
| Total calls | 4.47 mm |
| Total put/call ratio | 0.4 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 122.32 mm | $5.26 tn |
| BLK Blackrock | 92.39 mm | $3.98 tn |
| JPM JPMorgan Chase & Co. | 61.03 mm | $2.65 tn |
| STT State Street | 59.86 mm | $2.58 tn |
| BAC Bank Of America | 36.82 mm | $1.58 tn |
| Wellington Management | 23.76 mm | $1.02 tn |
| Geode Capital Management | 23.60 mm | $1.02 tn |
| Dodge & Cox | 18.80 mm | $808.82 bn |
| Amundi | 18.28 mm | $847.67 bn |
| Massachusetts Financial Services | 17.24 mm | $741.90 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 Mar 23 | Scott Case | Common Stock | Payment of exercise | Dispose F | No | No | 32.1 | 11,037 | 354.29 k | 72,247.422 |
| 15 Mar 23 | Hugh S. Cummins III | Common Stock | Payment of exercise | Dispose F | No | No | 32.1 | 18,845 | 604.92 k | 330,857.61 |
| 15 Mar 23 | Ellen M Fitzsimmons | Common Stock | Payment of exercise | Dispose F | No | No | 32.1 | 10,817 | 347.23 k | 87,422.022 |
| 15 Mar 23 | King Kelly S | Common Stock | Payment of exercise | Dispose F | No | No | 32.1 | 47,517 | 1.53 mm | 146,414 |
| 15 Mar 23 | Michael Baron Maguire | Common Stock | Payment of exercise | Dispose F | No | No | 32.1 | 6,545 | 210.09 k | 68,123.044 |
News
This Is What Whales Are Betting On Truist Finl
30 Mar 23
Analyst Expectations for Truist Finl's Future
30 Mar 23
Goldman Sachs Maintains Buy on Truist Finl, Lowers Price Target to $39
30 Mar 23
Check Out What Whales Are Doing With TFC
24 Mar 23
10 Financials Stocks Whale Activity In Today's Session
24 Mar 23
Press releases
Truist announces first-quarter 2023 earnings call details
28 Mar 23
Thinking about buying stock in Marathon Digital, Citigroup, Meta Platforms, Uber Technologies, or Truist Financial?
14 Mar 23
Tom Hackett named chief executive officer of Truist Securities
13 Mar 23
Truist Foundation leads the way with $5M commitment to the American Red Cross to grow disaster response capacity
7 Mar 23
Truist to present at the RBC Capital Markets Global Financial Institutions Conference
1 Mar 23