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TFC Truist Financial

Truist Financial Corp. operates as a financial holding company, which engages in the provision of banking services to individuals, businesses and municipalities. The firm 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 also markets a range of other services, including deposits, life insurance, property and casualty insurance, health Truist Financial Corp. operates as a financial holding company. It engages in the provision of banking services to individuals, businesses and municipalities. The company operates through the following segments: Consumer Banking and Wealth; Corporate and Commercial Banking; and Insurance Holdings. The firm 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 also markets 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. The company was founded on December 6, 2019 and is headquartered in Charlotte, NC. 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. The company was founded on December 6, 2019 and is headquartered in Charlotte, NC.

Company profile

Ticker
TFC, TFC+F, TFC+G, TFC+H, 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 2871 long holdings
End of quarter 31 Dec 20
Value
 
#Shares
 
$2.04B 5.42M
$1.27B 3.4M
$1.2B 9.02M
$1.17B 5.26M
$1.13B 20.54M
$799.51M 36.91M
$671.83M 24.66M
$597.5M 183.46K
$554.66M 2.09M
$524.64M 3.33M
$520.59M 2.16M
$478.58M 4.02M
$426.24M 243.31K
$388.25M 4.75M
$381.26M 5.23M
$377.81M 1.2M
$375.87M 3.51M
$371.95M 1.7M
$367.98M 5.33M
$363.49M 6.19M
$360.09M 1.57M
$355.03M 2.79M
$352.73M 5.69M
$351.17M 2.37M
$350.28M 3.81M
$350.02M 2.69M
$344.09M 3.55M
$342.08M 3.12M
$324M 1.79M
$322.99M 2.73M
$309.86M 6.92M
$302.48M 880.1K
$296.94M 4.33M
$291.37M 1.37M
$285.52M 1.05M
$283.09M 1.45M
$280.68M 3.18M
$279.06M 5.33M
$273.6M 4.42M
$272.44M 5.68M
$271.66M 774.67K
$271.44M 1.95M
$269.62M 1.97M
$268.53M 153.22K
$257.12M 984.35K
$243.38M 1.45M
$240.92M 1.04M
$239.96M 1.62M
Vanguard Specialized Funds
$239.47M 1.7M
$236.83M 2.09M
Holdings list only includes long positions. Only includes long positions.

Calendar

24 Feb 21
2 Mar 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 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) 18.87B 18.87B 18.87B 18.87B 18.87B 18.87B
Cash burn (monthly) 6.08B 16.42M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 12.43B 33.57M n/a n/a n/a n/a
Cash remaining 6.44B 18.83B n/a n/a n/a n/a
Runway (months of cash) 1.1 1147.3 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
26 Feb 21 Anna R Cablik Common Stock Sell Dispose S No No 57.6613 6,000 345.97K 41,087.114
25 Feb 21 Standridge Brantley J Common Stock Sell Dispose S No No 59.811 1,000 59.81K 20,930
24 Feb 21 Henson Christopher L Common Stock Gift Dispose G No No 0 428 0 205,600
23 Feb 21 Qubein Nido R RSU Common Stock Grant Aquire A No No 0 2,554 0 2,554
23 Feb 21 Jennifer S Banner RSU Common Stock Grant Aquire A No No 0 2,554 0 2,554
70.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1178 1091 +8.0%
Opened positions 181 95 +90.5%
Closed positions 94 101 -6.9%
Increased positions 413 365 +13.2%
Reduced positions 442 491 -10.0%
13F shares
Current Prev Q Change
Total value 45.42B 36.4B +24.8%
Total shares 947.63M 957.85M -1.1%
Total puts 3.13M 2.07M +51.1%
Total calls 4.01M 3.42M +17.2%
Total put/call ratio 0.8 0.6 +29.0%
Largest owners
Shares Value Change
Vanguard 105.92M $5.08B -1.4%
BLK Blackrock 89.29M $4.28B +1.6%
Capital International Investors 75.09M $3.6B -0.5%
STT State Street 58.44M $2.8B +1.5%
JPM JPMorgan Chase & Co. 50.71M $2.43B +4.6%
BAC Bank Of America 45.32M $2.17B -0.6%
Massachusetts Financial Services 30.47M $1.46B -6.3%
Dodge & Cox 24.15M $1.16B -21.3%
Wellington Management 20.86M $1B +13.4%
Geode Capital Management 19.15M $915.57M -3.1%
Largest transactions
Shares Bought/sold Change
Capital World Investors 1.43M -11.95M -89.3%
FMR 11.84M -7.6M -39.1%
Dodge & Cox 24.15M -6.52M -21.3%
Diamond Hill Capital Management 6.28M +6.28M NEW
BEN Franklin Resources 15.93M +4.44M +38.7%
Canada Pension Plan Investment Board 8.2M +3.18M +63.3%
MCQEF Macquarie 14.73M -2.83M -16.1%
Wellington Management 20.86M +2.46M +13.4%
Epoch Investment Partners 0 -2.37M EXIT
JPM JPMorgan Chase & Co. 50.71M +2.23M +4.6%

Financial report summary

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Management Discussion
  • The net interest margin was 3.22% for the year ended December 31, 2020, down 20 basis points compared to the earlier period. Average earning assets increased $217.2 billion, which primarily reflects a $152.9 billion increase in average total loans and leases, a $32.6 billion increase in average securities, a $28.4 billion increase in average other earning assets and a $3.4 billion increase in interest earning trading assets. Average interest-bearing liabilities increased $153.7 billion. Average interest-bearing deposits increased $131.0 billion, average long-term debt increased $21.0 billion and average short-term borrowings increased $1.7 billion. The significant increases in earnings assets and liabilities are primarily due to the Merger, as well as impacts from the COVID-19 pandemic and the resulting government stimulus programs.
Content analysis
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Bad
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