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.
Highlights
TFC's equity has surged by 117% year-on-year and by 4.3% since the previous quarter
The gross profit rose by 44% YoY and by 16% QoQ
The company's debt rose by 45% YoY but it fell by 39% QoQ
The price to earnings (P/E) is 7% more than the last 4 quarters average of 12.3 but 6% less than the 5-year quarterly average of 14.0
Truist Financial's EPS has decreased by 25% YoY and by 12% from the previous quarter
Key stats
What are the main financial stats of TFC
Market
Shares outstanding
1.35B
Market cap
$54.85B
Enterprise value
$61.48B
Valuations
Price to earnings (P/E)
13.21
Price to book (P/B)
0.8
Price to sales (P/S)
3.41
EV/EBIT
14.14
EV/EBITDA
11.14
EV/Sales
3.82
Earnings
Revenue
$16.09B
EBIT
$4.35B
EBITDA
$5.52B
Free cash flow
$5.35B
Per share
EPS
$3.08
Free cash flow per share
$3.97
Book value per share
$51.12
Revenue per share
$11.94
TBVPS
$354.31
Balance sheet
Total assets
$504.34B
Total liabilities
$435.45B
Debt
$47.83B
Equity
$68.88B
Working capital
N/A
Liquidity
Debt to equity
0.69
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
1.2
Margins
EBITDA margin
34.3%
Gross margin
100%
Net margin
22.1%
Operating margin
28.6%
Efficiency
Return on assets
0.8%
Return on equity
5.7%
Return on invested capital
1%
Return on capital employed
N/A
Return on sales
27%
Dividend
Dividend yield
4.61%
DPS
$1.8
Payout ratio
58.4%
TFC stock price
How has the Truist Financial stock price performed over time
Financial performance
How have Truist Financial's revenue and profit performed over time
Revenue
$16.09B
Gross profit
$16.09B
Operating income
$4.6B
Net income
$3.56B
Gross margin
100%
Net margin
22.1%
The gross profit rose by 44% YoY and by 16% QoQ
The company's revenue rose by 44% YoY and by 16% QoQ
The company's net margin fell by 25% YoY and by 12% QoQ
The operating margin is down by 23% year-on-year and by 8% since the previous quarter
Valuation
What is Truist Financial stock price valuation
P/E
13.21
P/B
0.8
P/S
3.41
EV/EBIT
14.14
EV/EBITDA
11.14
EV/Sales
3.82
Truist Financial's EPS has decreased by 25% YoY and by 12% from the previous quarter
The price to earnings (P/E) is 7% more than the last 4 quarters average of 12.3 but 6% less than the 5-year quarterly average of 14.0
TFC's equity has surged by 117% year-on-year and by 4.3% since the previous quarter
TFC's price to book (P/B) is 27% lower than its 5-year quarterly average of 1.1
The company's revenue rose by 44% YoY and by 16% QoQ
TFC's price to sales (P/S) is 3.3% higher than its 5-year quarterly average of 3.3
Efficiency
How efficient is Truist Financial business performance
The ROE has contracted by 44% YoY and by 14% from the previous quarter
Truist Financial's return on assets has decreased by 43% YoY and by 11% QoQ
The return on invested capital has declined by 41% year-on-year and by 9% since the previous quarter
Truist Financial's ROS has decreased by 27% YoY and by 13% from the previous quarter
Dividends
What is TFC's dividend
DPS
$1.8
Dividend yield
4.61%
Payout ratio
58.4%
Financial health
How did Truist Financial financials performed over time
Truist Financial's total assets is 16% more than its total liabilities
The company's debt is 31% lower than its equity
TFC's equity has surged by 117% year-on-year and by 4.3% since the previous quarter
The company's debt rose by 45% YoY but it fell by 39% QoQ
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.