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
Completion of Acquisition or Disposition of Assets
10 May 24
8-K
Other Events
10 May 24
10-Q
2024 Q1
Quarterly report
9 May 24
8-K
Truist completes sale of Truist Insurance Holdings and executes strategic balance sheet repositioning
7 May 24
8-K
Submission of Matters to a Vote of Security Holders
26 Apr 24
8-K
Results of Operations and Financial Condition
22 Apr 24
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
Transcripts
TFC
Earnings call transcript
2024 Q1
22 Apr 24
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 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
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Sep 23 | Jun 23 | Mar 23 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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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) | 34.99 bn | 34.99 bn | 34.99 bn | 34.99 bn | 34.99 bn | 34.99 bn |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 330.00 mm | (no burn) |
Cash used (since last report) | n/a | n/a | n/a | n/a | 681.68 mm | n/a |
Cash remaining | n/a | n/a | n/a | n/a | 34.30 bn | n/a |
Runway (months of cash) | n/a | n/a | n/a | n/a | 103.9 | n/a |
Institutional ownership, Q1 2024
68.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1340 |
Opened positions | 314 |
Closed positions | 116 |
Increased positions | 429 |
Reduced positions | 435 |
13F shares | Current |
---|---|
Total value | 33.85 tn |
Total shares | 914.31 mm |
Total puts | 6.60 mm |
Total calls | 9.57 mm |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 116.57 mm | $4.54 tn |
BLK Blackrock | 100.45 mm | $3.92 tn |
STT State Street | 59.29 mm | $2.31 tn |
Dodge & Cox | 51.94 mm | $2.02 tn |
BAC Bank Of America | 40.78 mm | $1.59 tn |
JPM JPMorgan Chase & Co. | 35.56 mm | $1.39 tn |
Geode Capital Management | 26.40 mm | $1.03 tn |
Amundi | 26.06 mm | $931.02 bn |
MS Morgan Stanley | 19.37 mm | $755.11 bn |
RY Royal Bank Of Canada | 16.21 mm | $631.92 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
23 Apr 24 | Laurence Stein | Common Stock | Grant | Acquire A | No | No | 0 | 3,203 | 0.00 | 3,203 |
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 |
News
Stephens & Co. Maintains Overweight on Truist Finl, Raises Price Target to $47
16 May 24
Barclays Reinstates Equal-Weight on Truist Finl, Announces $43 Price Target
16 May 24
Piper Sandler Maintains Neutral on Truist Finl, Raises Price Target to $41
14 May 24
In-Depth Examination Of 14 Analyst Recommendations For Truist Finl
9 May 24
Evercore ISI Group Reinstates In-Line on Truist Finl, Announces $44 Price Target
9 May 24
Press releases
Truist Foundation fills gap, distributes grants to pilot and scale nonprofit solutions nationwide
30 May 24
Truist CFO to speak at the Morgan Stanley US Financials, Payments & CRE Conference
29 May 24
Truist announces redemption of senior notes due June 2025
28 May 24
New BuildStrong Academy Offers Complimentary Carpentry and Electrical Training
28 May 24
Truist Chairman & CEO to speak at the Bernstein Strategic Decisions Conference
16 May 24