Truist Financial Corp

Chart & Performance

D1W1MN

Profile

Truist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; automobile lending; bankcard lending; consumer finance; home equity and mortgage lending; insurance, such as property and casualty, life, health, employee benefits, workers compensation and professional liability, surety coverage, title, and other insurance products; investment brokerage; mobile/online banking; and payment, lease financing, small business lending, and wealth management/private banking services. In addition, it offers association, capital market, institutional trust, insurance premium and commercial finance, international banking, leasing, merchant, commercial deposit and treasury, government finance, commercial middle market lending, small business and student lending, floor plan and commercial mortgage lending, mortgage warehouse lending, private equity investment, real estate lending, and supply chain financing services. Further, the company provides corporate and investment banking, retail and wholesale brokerage, securities underwriting, and investment advisory services. As of December 31, 2021, the company operated through 2,517 banking offices. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.

URL

https://www.truist.com/

IPO date

Mar 18, 1980

Employees

52,848

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	23,390,000 5.09%	22,258,000 -3.68%	23,109,000 13.45%
Cost of revenue	8,951,000	2,695,000	2,681,000
Unusual Expense (Income)
NOPBT	14,439,000	19,563,000	20,428,000
NOPBT Margin	61.73%	87.89%	88.40%
Operating Taxes	862,000	1,402,000	1,556,000
Tax Rate	5.97%	7.17%	7.62%
NOPAT	13,577,000	18,161,000	18,872,000
Net income	(1,091,000) -117.43%	6,260,000 -2.80%	6,440,000 43.69%
Dividends	(3,131,000)	(2,989,000)	(2,852,000)
Dividend yield	6.37%	5.19%	3.61%
Proceeds from repurchase of equity	(17,630,000)	(250,000)	36,320,000
BB yield	35.85%	0.43%	-45.97%
Debt
Debt current	20,776,000	23,422,000	5,292,000
Long-term debt	40,177,000	44,456,000	37,232,000
Deferred revenue			32,589,000
Other long-term liabilities	412,362,000	441,694,000	(35,913,000)
Net debt	30,309,000	(159,763,000)	(289,934,000)
Cash flow
Cash from operating activities	8,631,000	11,081,000	7,892,000
CAPEX	12,496,000	(564,000)	(442,000)
Cash from investing activities	22,858,000	(29,972,000)	(32,056,000)
Cash from financing activities	(22,266,000)	20,017,000	25,591,000
FCF	90,988,481	33,892,000	14,738,000
Balance
Cash	30,644,000	93,222,000	173,418,000
Long term investments		134,419,000	159,040,000
Excess cash	29,474,500	226,528,100	331,302,550
Stockholders' equity	23,076,000	25,993,000	34,706,000
Invested Capital	400,606,519	542,863,000	508,503,000
ROIC	2.88%	3.45%	3.83%
ROCE	3.41%	3.52%	3.74%
EV
Common stock shares outstanding	1,331,963	1,338,462	1,349,378
Price	36.92 -14.20%	43.03 -26.51%	58.55 22.16%
Market cap	49,176,074 -14.62%	57,594,020 -27.10%	79,006,082 21.36%
EV	86,310,074	(95,472,980)	(204,254,918)
EBITDA	15,829,000	20,929,000	21,812,000
EV/EBITDA	5.45
Interest	9,856,000	2,321,000	768,000
Interest/NOPBT	68.26%	11.86%	3.76%