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 fiscal year ended 31 December 2019, Truist Financial Corp interest income increased 16% to $9.41B. Net interest income after loan loss provision increased 10% to $6.7B. Net income applicable to common stockholders excluding extraordinary items decreased less than 1% to $3.03B. Net interest income after loan loss provision reflects Community Banking Retail segment increase of 25% to $4.03B.
Employees: 59,000 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $100,227M as of Dec 31, 2019
Annual revenue (TTM): $9,409M as of Dec 31, 2019
EBITDA (TTM): $6,004M as of Dec 31, 2019
Net annual income (TTM): $3,028M as of Dec 31, 2019
Free cash flow (TTM): $61.00M as of Dec 31, 2019
Net Debt Last Fiscal Year: $51,332M as of Dec 31, 2019
Shares outstanding: 1,345,001,536 as of Feb 21, 2020
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization