Truist Financial Corp (N:TFC)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 214 North Tryon Street
CHARLOTTE NC 28202
Tel: N/A
Website: https://www.truist.com
IR: See website
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Key People
William H. Rogers
Chairman of the Board, Chief Executive Officer
Hugh S. Cummins
Vice Chairman, Chief Operating Officer
Clarke R. Starnes
Vice Chairman, Chief Risk Officer
Michael B. Maguire
Chief Financial Officer, Senior Executive Vice President
John M. Howard
Chief Executive Officer of TIH
Kristin Lesher
Senior Executive Vice President, Chief Wholesale Banking Officer
Scott A. Stengel
Senior Executive Vice President, Chief Legal Officer, and Head of Government Affairs
Donta L. Wilson
Senior Executive Vice President, Chief Consumer and Small Business Banking Officer
 
Business Overview
Truist Financial Corporation is a financial services company. The Company operates through its commercial bank subsidiary, Truist Bank (the Bank). The Bank provides a range of banking and trust services for clients and its digital platform. The Company's segments include Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. The Bank provides a range of banking services to commercial and consumer clients, which includes asset management, automobile lending, credit card lending, consumer finance, home equity lending, insurance, investment brokerage services, mobile/online banking, payment solutions, retail deposit products, small business lending and student lending. Its services also include commercial deposit and treasury services, commercial finance, commercial lending, floor plan lending, leasing, investment banking and capital markets services, institutional trust services, international banking, insurance premium finance and supply chain financing.
Financial Overview
For the fiscal year ended 31 December 2023, Truist Financial Corp interest income increased 47% to $24.46B. Net interest income after loan loss provision decreased 8% to $12.49B. Net loss applicable to common stockholders totaled $1.45B vs. income of $5.93B. Net interest income after loan loss provision reflects Corporate and Commercial Banking segment decrease of 7% to $5.75B, Net Interest Margin, Total -% decrease of less than 1% to 3%.
Employees: 49,037 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $92,504M as of Dec 31, 2023
Annual revenue (TTM): $24,456M as of Dec 31, 2023
EBITDA (TTM): $11,420M as of Dec 31, 2023
Net annual income (TTM): -$1,452M as of Dec 31, 2023
Free cash flow (TTM): $5,500M as of Dec 31, 2023
Net Debt Last Fiscal Year: $38,173M as of Dec 31, 2023
Shares outstanding: 1,334,590,912 as of Feb 15, 2024
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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