Truist Financial Corp (N:TFC)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 214 N. Tryon St.
CHARLOTTE NC 28202
Tel: N/A
Website: https://www.thepremierfinancialinstitution.com
IR: See website
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Key People
Kelly S. King
Chairman of the Board, Chief Executive Officer
Michael B. Maguire
Senior Executive Vice President and Head of National Consumer Finance & Payments
William H. Rogers
President, Chief Operating Officer, Director
Daryl N. Bible
Chief Financial Officer, Senior Executive Vice President
Scott E. Case
Senior Executive Vice President, Chief Information Officer
Ellen C. Koebler
Senior Executive Vice President and Deputy Chief Risk Officer
Clarke R. Starnes
Senior Executive Vice President, Chief Risk Officer
Ellen M. Fitzsimmons
Senior Executive Vice President and Chief Legal Officer and Head of Enterprise Diversity and HR
Hugh S. Cummins
Senior Executive Vice President and Head of the Corporate and Institutional Group
Christopher L. Henson
Senior Executive Vice President and Head of Banking and Insurance
   
Business Overview
Truist Financial Corp, formerly BB&T Corporation, is a financial holding company. The Company operates through its commercial bank subsidiary, Truist Bank (the Bank). It provides a range of banking services to individuals, businesses and municipalities. It offers a variety of loans and lease financing to individuals and entities, including insurance premium financing, permanent commercial real estate financing arrangements, loan servicing for third-party investors, direct consumer finance loans to individuals, credit card lending, automobile financing and equipment financing. It offers a range of other services, including deposits, life insurance, property and casualty insurance, health insurance and commercial general liability insurance on an agency basis and through a wholesale insurance brokerage operation, merchant services, trust and retirement services, comprehensive wealth advisory services, asset management and capital markets services.
Financial Overview
For the three months ended 31 March 2020, Truist Financial Corp interest income increased from $2.17B to $4.43B. Net interest income after loan loss provision increased from $1.54B to $3.65B. Net income applicable to common stockholders increased 32% to $986M. Net interest income after loan loss provision reflects Community Banking Retail segment increase from $890M to $1.81B, Community Banking Commercial segment increase of 53% to $941M.
Employees: 59,000 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $126,722M as of Mar 31, 2020
Annual revenue (TTM): $11,662M as of Mar 31, 2020
EBITDA (TTM): $7,564M as of Mar 31, 2020
Net annual income (TTM): $3,265M as of Mar 31, 2020
Free cash flow (TTM): $4,643M as of Mar 31, 2020
Net Debt Last Fiscal Year: $73,046M as of Mar 31, 2020
Shares outstanding: 1,347,527,131 as of May 31, 2020
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization