Truist Financial (TFC)

Sheffield Financial Company • SunTrust Bank Company • SunTrust Bank, Corp. • SunTrust Bank, Inc. • SunTrust Mortgage, Inc. • Truist Bank Company • Truist Bank Inc. • CB Finance, Inc. • CM Finance • STB Real Estate Parent (MA), Inc ...

IRS number

560939887

TFC stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$50.83

Low target

$46.00

High target

$56.00

Latest filings (excl ownership)

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8-K

Truist announces retirement of Vice Chair and Chief Risk Officer Clarke R. Starnes III and appointment of Brad Bender as successor

1 Nov 24

Results of Operations and Financial Condition

17 Oct 24

8-K

Regulation FD Disclosure

9 Sep 24

8-K

Departure of Directors or Certain Officers

30 Aug 24

N-PX

Annual report of proxy voting record

30 Aug 24

8-K

Departure of Directors or Certain Officers

27 Aug 24

FWP

Free writing prospectus

1 Aug 24

424B3

Prospectus supplement

1 Aug 24

8-K

CET1 ratio(3) was 11.6%, significantly strengthened by the sale of TIH

22 Jul 24

Transcripts

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TFC

Earnings call transcript

2024 Q3

17 Oct 24

TFC

Earnings call transcript

2024 Q2

22 Jul 24

TFC

Earnings call transcript

2024 Q1

22 Apr 24

TFC

Earnings call transcript

2023 Q4

18 Jan 24

TFC

Earnings call transcript

2023 Q3

19 Oct 23

TFC

Earnings call transcript

2023 Q2

20 Jul 23

TFC

Earnings call transcript

2023 Q2

20 Jul 23

TFC

Earnings call transcript

2023 Q1

20 Apr 23

TFC

Earnings call transcript

2022 Q4

19 Jan 23

TFC

Earnings call transcript

2022 Q3

18 Oct 22

Latest ownership filings

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K. David Jr. Boyer

6 Dec 24

144

Notice of proposed sale of securities

Capital International Investors

13 Nov 24

13F-HR

Quarterly holdings report by institutional manager

J.P. Morgan Exchange-Traded Fund Trust

18 Sep 24

SC 13G

FT Vest Hedged Equity Enhanced Income Fund LLC

18 Sep 24

Financial summary

Financial statements Chart TFC financial data

Quarter (USD)	Sep 24	Mar 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	39.64 bn	39.64 bn	39.64 bn	39.64 bn	39.64 bn	39.64 bn
Cash burn (monthly)	(no burn)	(no burn)	(no burn)	23.33 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	n/a	65.12 mm	n/a	n/a
Cash remaining	n/a	n/a	n/a	39.57 bn	n/a	n/a
Runway (months of cash)	n/a	n/a	n/a	1696.1	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

TFC institutional ownership history Ownership history

70.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1430	1396	+2.4%
Opened positions	145	122	+18.9%
Closed positions	111	121	-8.3%
Increased positions	529	532	-0.6%
Reduced positions	545	545	–

13F shares	Current	Prev Q	Change
Total value	39.37 tn	36.37 tn	+8.2%
Total shares	948.81 mm	971.13 mm	-2.3%
Total puts	6.45 mm	4.53 mm	+42.3%
Total calls	9.36 mm	9.10 mm	+2.9%
Total put/call ratio	0.7	0.5	+38.3%

Largest owners	Shares	Value	Change
Vanguard	119.23 mm	$5.10 tn	+1.3%
BLK BlackRock	99.27 mm	$4.25 tn	NEW
Capital International Investors	71.91 mm	$3.08 tn	+39.5%
STT State Street	61.86 mm	$2.65 tn	+4.6%
JPM JPMorgan Chase & Co.	51.61 mm	$2.21 tn	+15.1%
BAC Bank of America	41.96 mm	$1.79 tn	+2.8%
Geode Capital Management	27.44 mm	$1.17 tn	+1.7%
Dodge & Cox	25.75 mm	$1.10 tn	-50.2%
Amundi	22.23 mm	$936.81 bn	-12.9%
MS Morgan Stanley	17.86 mm	$763.72 bn	+4.1%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	99.27 mm	+99.27 mm	NEW
BLK BlackRock	0.00	-99.01 mm	EXIT
Dodge & Cox	25.75 mm	-25.92 mm	-50.2%
Capital International Investors	71.91 mm	+20.36 mm	+39.5%
Norges Bank	0.00	-8.51 mm	EXIT
JPM JPMorgan Chase & Co.	51.61 mm	+6.79 mm	+15.1%
BEN Franklin Resources	1.99 mm	-5.37 mm	-72.9%
Harris Associates L P	5.46 mm	-5.22 mm	-48.9%
Citadel Advisors	4.90 mm	-4.71 mm	-49.0%
Amundi	22.23 mm	-3.30 mm	-12.9%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

TFC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
4 Dec 24	K. David Jr. Boyer	Common Stock	Sell	Dispose S	No	No	46.203	4,966	229.44 k	11,245.833
25 Nov 24	Rogers William H JR	Common Stock	Buy	Acquire P	No	No	48.56	34,180	1.66 mm	691,450.644
13 Sep 24	Hugh S. Cummins III	Common Stock	Payment of exercise	Dispose F	No	No	41.84	4,378	183.18 k	363,441.61
13 Sep 24	Hugh S. Cummins III	Common Stock	Option exercise	Acquire M	No	No	0	9,961	0.00	367,819.61