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TFC Truist Financial

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Formed by the historic merger of equals of BB&T and SunTrust, Truist has leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is the sixth-largest commercial bank in the U.S. with total assets of $509 billion as of December 31, 2020. Truist Bank, Member FDIC.

Company profile

Ticker
TFC, TFC+I, TFC+O, TFC+R
Exchange
CEO
Kelly S. King
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
BB&T CORP, SOUTHERN NATIONAL CORP /NC/
SEC CIK
IRS number
560939887

TFC stock data

(
)

Investment data

Data from SEC filings
Top 50 of 2555 long holdings
End of quarter 31 Mar 21
Value
 
#Shares
 
$2.02B 5.07M
$1.32B 3.33M
$1.27B 5.4M
$1.1B 20.81M
$1.05B 8.58M
$980.13M 36.93M
$717.81M 27.41M
$664.43M 2.18M
$586.94M 189.7K
$557.73M 4.24M
$549.32M 3.34M
$532.71M 257.52K
$502.47M 2.07M
$485.88M 4.48M
$444.03M 6.9M
$432.6M 6M
$431.52M 2.83M
$422.27M 1.99M
$413.66M 1.59M
$410.99M 1.99M
$410.14M 3.09M
$400.27M 5.19M
$385.65M 5.08M
$382.83M 1.2M
$382.38M 3.53M
$370.85M 3.09M
$367.67M 6.32M
$358.31M 2.53M
$352.18M 966.73K
$341.15M 6.6M
$328.46M 3.01M
$326.06M 5.59M
$324.14M 2.14M
$320.23M 1.09M
$319.61M 1.73M
$315.83M 5.35M
$315.26M 1.45M
$313.16M 3.7M
$312.15M 4.22M
$308.66M 149.65K
$306.87M 2.7M
$302.1M 811.95K
$293.19M 1.06M
$289.8M 2.94M
$286.53M 8.41M
$282.88M 5.23M
$276.36M 2.64M
$276.01M 1.62M
$275.32M 1.78M
$271.95M 1.23M
Holdings list only includes long positions. Only includes long positions.

Calendar

3 May 21
17 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 32.13B 32.13B 32.13B 32.13B 32.13B 32.13B
Cash burn (monthly) (positive/no burn) 351.33M (positive/no burn) (positive/no burn) 11M (positive/no burn)
Cash used (since last report) n/a 899.62M n/a n/a 28.17M n/a
Cash remaining n/a 31.23B n/a n/a 32.1B n/a
Runway (months of cash) n/a 88.9 n/a n/a 2918.5 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Jun 21 Michael Baron Maguire Common Stock Payment of exercise Dispose F No No 56.69 16,501 935.44K 27,439.847
14 Jun 21 Michael Baron Maguire Common Stock Option exercise Aquire M No No 0 36,913.499 0 43,940.847
14 Jun 21 Michael Baron Maguire RSU Common Stock Option exercise Dispose M No No 0 36,913.499 0 0
19 May 21 Henson Christopher L Common Stock Gift Dispose G No No 0 90 0 190,510
26 Apr 21 Joseph M Thompson Common Stock Sell Dispose S No No 58.202 5,265 306.43K 37,741.371

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

70.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1287 1218 +5.7%
Opened positions 147 202 -27.2%
Closed positions 78 77 +1.3%
Increased positions 517 426 +21.4%
Reduced positions 440 447 -1.6%
13F shares
Current Prev Q Change
Total value 55.35B 46.21B +19.8%
Total shares 949.99M 964.05M -1.5%
Total puts 2.66M 3.13M -15.0%
Total calls 4.88M 4.01M +21.6%
Total put/call ratio 0.5 0.8 -30.1%
Largest owners
Shares Value Change
Vanguard 106.96M $6.24B +1.0%
BLK Blackrock 93.12M $5.43B +4.3%
STT State Street 61.94M $3.61B +6.0%
Capital International Investors 54.97M $3.21B -26.8%
JPM JPMorgan Chase & Co. 54.16M $3.16B +6.8%
BAC Bank Of America 48.58M $2.83B +7.2%
Massachusetts Financial Services 26.76M $1.56B -12.2%
Wellington Management 22.98M $1.34B +10.1%
Geode Capital Management 19.62M $1.14B +2.5%
Boston Partners 17.31M $1.01B +0.8%
Largest transactions
Shares Bought/sold Change
Capital International Investors 54.97M -20.12M -26.8%
Norges Bank 0 -13.5M EXIT
Dodge & Cox 16.96M -7.19M -29.8%
Amundi Pioneer Asset Management 6.07M +4.23M +230.8%
BLK Blackrock 93.12M +3.82M +4.3%
Massachusetts Financial Services 26.76M -3.71M -12.2%
BEN Franklin Resources 12.37M -3.56M -22.4%
STT State Street 61.94M +3.5M +6.0%
JPM JPMorgan Chase & Co. 54.16M +3.45M +6.8%
BAC Bank Of America 48.58M +3.26M +7.2%

Financial report summary

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Management Discussion
  • Net interest margin was 3.01 percent, down 57 basis points compared to the earlier quarter. The yield on the total loan portfolio for the first quarter of 2021 was 4.09 percent, down 89 basis points compared to the earlier quarter, reflecting the impact of rate decreases and lower purchase accounting accretion from merged loans. The yield on the average securities portfolio was 1.45 percent, down 117 basis points compared to the earlier quarter primarily due to lower yields on new purchases.
  • The average cost of total deposits was 0.05 percent, down 46 basis points compared to the earlier quarter and the average cost of interest-bearing deposits was 0.07 percent, down 63 basis points compared to the earlier quarter. The average rate on short-term borrowings was 0.82 percent, down 94 basis points compared to the earlier quarter. The average rate on long-term debt was 1.57 percent, down 77 basis points compared to the earlier quarter. The lower rates on interest-bearing liabilities reflect the lower rate environment.
  • As of March 31, 2021, the remaining unamortized fair value marks on the loan and lease portfolio, deposits, and long-term debt were $2.1 billion, $15 million, and $196 million, respectively. The remaining unamortized fair value mark on loans and leases consists of $1.1 billion for consumer loans and leases, and $978 million for commercial loans and leases. These amounts will be recognized over the remaining contractual lives of the underlying instruments or as paydowns occur.
Content analysis
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