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 |
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 |