bb&t and suntrust formed truist with a shared purpose—to inspire and build better lives and communities. with our combined resources, collective passion, and commitment to innovation, we’re creating a better financial experience to help people and businesses achieve more.with 275 years of combined bb&t and suntrust history, truist serves approximately 12 million households with 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. truist bank, member fdic. learn more at truist.com and see social media terms and conditions at truist.com/socialterms.
Company profile
Ticker
TFC, TFC+I, TFC+O, TFC+R
Exchange
CEO
Kelly S. King
Employees
Incorporated
Location
Fiscal year end
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
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
15 Apr 24
PX14A6G
Letter to shareholders
5 Apr 24
PX14A6G
Letter to shareholders
26 Mar 24
PX14A6G
Letter to shareholders
18 Mar 24
ARS
2023 FY
Annual report to shareholders
11 Mar 24
DEFA14A
Additional proxy soliciting materials
11 Mar 24
DEF 14A
Definitive proxy
11 Mar 24
8-K
Sale will strengthen Truist’s balance sheet and enhances strategic flexibility to invest in core banking franchise
20 Feb 24
424B2
Prospectus for primary offering
23 Jan 24
424B2
Prospectus for primary offering
23 Jan 24
Transcripts
TFC
Earnings call transcript
2023 Q4
18 Jan 24
TFC
Earnings call transcript
2023 Q3
19 Oct 23
TFC
Earnings call transcript
2023 Q2
20 Jul 23
TFC
Earnings call transcript
2023 Q1
20 Apr 23
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
Latest ownership filings
4
WILLIAM H ROGERS JR
19 Mar 24
4
Donta L Wilson
19 Mar 24
4
Clarke R Starnes III
19 Mar 24
4
Cynthia B Powell
19 Mar 24
4
Michael Baron Maguire
19 Mar 24
4
Hugh S. Cummins III
19 Mar 24
4
K. David Jr. Boyer
8 Mar 24
144
Notice of proposed sale of securities
7 Mar 24
4
STEVEN C VOORHEES
29 Feb 24
4
Bruce L Tanner
29 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
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) | 29.83 bn | 29.83 bn | 29.83 bn | 29.83 bn | 29.83 bn | 29.83 bn |
Cash burn (monthly) | 59.33 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 395.89 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 29.44 bn | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 496.1 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
50.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1122 |
Opened positions | 176 |
Closed positions | 291 |
Increased positions | 350 |
Reduced positions | 486 |
13F shares | Current |
---|---|
Total value | 23.55 tn |
Total shares | 673.43 mm |
Total puts | 1.03 mm |
Total calls | 4.01 mm |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 117.95 mm | $4.35 tn |
STT State Street | 62.36 mm | $2.30 tn |
Dodge & Cox | 53.17 mm | $1.96 tn |
Amundi | 25.78 mm | $971.46 bn |
MS Morgan Stanley | 23.40 mm | $863.98 bn |
JPM JPMorgan Chase & Co. | 23.14 mm | $854.26 bn |
Charles Schwab Investment Management | 19.24 mm | $690.79 bn |
FMR | 16.01 mm | $591.08 bn |
NTRS Northern Trust | 12.90 mm | $476.14 bn |
BK Bank Of New York Mellon | 11.23 mm | $414.61 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 24 | Michael Baron Maguire | Common Stock | Payment of exercise | Dispose F | No | No | 34.86 | 5,649 | 196.92 k | 75,319.044 |
15 Mar 24 | Powell Cynthia B | Common Stock | Payment of exercise | Dispose F | No | No | 34.86 | 1,310 | 45.67 k | 6,688 |
15 Mar 24 | Hugh S. Cummins III | Common Stock | Payment of exercise | Dispose F | No | No | 34.86 | 15,971 | 556.75 k | 357,858.61 |
15 Mar 24 | Starnes Clarke R III | Common Stock | Payment of exercise | Dispose F | No | No | 34.86 | 12,128 | 422.78 k | 195,287 |
15 Mar 24 | Rogers William H JR | Common Stock | Payment of exercise | Dispose F | No | No | 34.86 | 30,016 | 1.05 mm | 457,720.644 |
News
Market Reaction To Bank Earnings Is Mixed, JPMorgan Analysts Project Further Decline In Net Interest Income
17 Apr 24
10 Financials Stocks With Whale Alerts In Today's Session
10 Apr 24
Jefferies Maintains Hold on Truist Finl, Raises Price Target to $41
8 Apr 24
Keefe, Bruyette & Woods Maintains Outperform on Truist Finl, Raises Price Target to $45
5 Apr 24
Cracking The Code: Understanding Analyst Reviews For Truist Finl
5 Apr 24
Press releases
Sheffield Financial and BRP extend long-term retail financing partnership in the United States
8 Apr 24
Truist announces first-quarter 2024 earnings call details
28 Mar 24
Truist updates schedule for 2024 earnings conference calls
5 Mar 24
Russell Innovation Center for Entrepreneurs (RICE) Secures $2 Million Investment from Truist to Continue Accelerating Black Entrepreneurship in Atlanta
29 Feb 24
Truist Foundation Inspire Awards registration now open
26 Feb 24