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Truist Financial (TFC)

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
Subsidiaries
Sheffield Financial Company • Truist Bank Company • Truist Bank Inc. • CB Finance, Inc. • CM Finance • STB Real Estate Parent (MA), Inc • SunTrust Real Estate Investment Corporation • STB Real Estate Holdings • STI Institutional & Government, Inc • BB&T Community Holdings Co. ...
IRS number
560939887

TFC stock data

Investment data

Data from SEC filings
Top 50 of 2607 long holdings
End of quarter 31 Mar 22
Value
 
#Shares
 
$2.68B 5.92M
$1.59B 5.15M
$1.57B 3.47M
$1.43B 8.21M
$1.24B 20.02M
$833.67M 33.47M
$741.98M 36.7M
$740.31M 4.69M
$730.56M 4.94M
$706.47M 216.71K
$687.65M 6.37M
$663.08M 237.41K
$624.66M 2.09M
$591.1M 3.34M
$585.5M 2.11M
$582.53M 3.67M
$553.31M 3.41M
$488.4M 7.03M
$468.74M 2.11M
$468.06M 1.13M
$456.25M 1.7M
$442.11M 1.22M
$426.9M 5.2M
$417.26M 3.05M
$411.21M 2.48M
$410.5M 147.59K
$405.01M 2.49M
$395.31M 2.36M
$391.26M 2.87M
$386.69M 758.27K
$369.04M 6.62M
$354.78M 1.65M
$351.86M 4.78M
$343.95M 2.91M
$343.07M 6.23M
$340.98M 8.9M
$326.12M 967.06K
$318.35M 1.4M
$316.24M 2.92M
$312.24M 4M
$306.62M 1.86M
$304.34M 619.57K
$300.01M 5.29M
$295.35M 2.31M
$291.78M 5.73M
$289.08M 2.86M
$288.2M 1.06M
$287.94M 1.56M
$283.31M 1.38M
$278.24M 2.6M
Holdings list only includes long positions. Only includes long positions.

Calendar

4 May 22
2 Jul 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
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) 29.12B 29.12B 29.12B 29.12B 29.12B 29.12B
Cash burn (monthly) (no burn) 250.83M (no burn) (no burn) 62.67M (no burn)
Cash used (since last report) n/a 769.18M n/a n/a 192.17M n/a
Cash remaining n/a 28.35B n/a n/a 28.93B n/a
Runway (months of cash) n/a 113.0 n/a n/a 461.6 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Jun 22 David M Ratcliffe Common Stock Buy Acquire P No No 46.995 132 6.2K 3,055
19 May 22 Rogers William H JR Common Stock Gift Dispose G Yes No 0 25,200 0 0
18 May 22 Rogers William H JR Common Stock Gift Dispose G Yes No 0 25,200 0 25,200
4 May 22 Voorhees Steven C Common Stock Buy Acquire P No No 49.816 20,000 996.32K 60,873
21 Apr 22 King Kelly S Common Stock Sell Dispose S Yes No 52.55 28.688 1.51K 1,236.807
20 Apr 22 King Kelly S Common Stock Sell Dispose S Yes No 52.01 0.573 29.8 57,408
20 Apr 22 King Kelly S Common Stock Sell Dispose S No No 52.01 0.01 0.52 107,550
71.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1415 1413 +0.1%
Opened positions 114 192 -40.6%
Closed positions 112 97 +15.5%
Increased positions 611 549 +11.3%
Reduced positions 463 489 -5.3%
13F shares Current Prev Q Change
Total value 54.19B 56.05B -3.3%
Total shares 957.57M 956.45M +0.1%
Total puts 1.04M 1.9M -45.0%
Total calls 3.33M 4.03M -17.2%
Total put/call ratio 0.3 0.5 -33.5%
Largest owners Shares Value Change
Vanguard 117.9M $6.69B +1.2%
BLK Blackrock 96.44M $5.47B +0.8%
STT State Street 63.21M $3.58B -0.8%
JPM JPMorgan Chase & Co. 56.04M $3.18B -2.5%
BAC Bank Of America 51.93M $2.94B +9.8%
Capital International Investors 36.39M $2.06B -9.6%
Massachusetts Financial Services 23.51M $1.33B -6.6%
Geode Capital Management 21.85M $1.24B +3.9%
Wellington Management 21.36M $1.21B -2.0%
Dodge & Cox 16.99M $963.62M +4.0%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -12.14M EXIT
American Century Companies 11.79M +4.89M +70.9%
BAC Bank Of America 51.93M +4.65M +9.8%
BCS Barclays 4.61M +4.61M NEW
Capital International Investors 36.39M -3.85M -9.6%
First Eagle Investment Management 19.17K -3.65M -99.5%
Capital World Investors 2.71M +2.32M +585.1%
FHI Federated Hermes 2.21M -1.68M -43.2%
Massachusetts Financial Services 23.51M -1.67M -6.6%
JPM JPMorgan Chase & Co. 56.04M -1.44M -2.5%

Financial report summary

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Management Discussion
  • Net interest income for the first quarter of 2022 was down $104 million, or 3.1%, compared to the earlier quarter due to lower purchase accounting accretion, lower PPP fees, and a decrease in loan balances. These decreases were partially offset by growth in the securities portfolio and lower funding costs. Average earning assets increased $26.0 billion, or 5.9%, compared to the earlier quarter. The increase in average earning assets reflects a $30.4 billion, or 25%, increase in average securities, a $1.5 billion, or 8.7%, increase in average other earning assets, and a $1.1 billion, or 23%, increase in average interest earning trading assets, while average total loans and leases decreased $7.1 billion, or 2.4%. The growth in average earning assets is a result of the deployment of strong deposit growth resulting from fiscal and monetary stimulus. Average deposits increased $32.1 billion, or 8.4%, compared to the earlier quarter, while average long-term debt decreased $2.5 billion, or 6.6%.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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