Truist Financial Corporation  (TFC)
Other Ticker:  
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
Price: $27.6300 $-0.98 -3.425%
Day's High: $28.7 Week Perf: -2.19 %
Day's Low: $ 27.55 30 Day Perf: -9.56 %
Volume (M): 8,655 52 Wk High: $ 53.34
Volume (M$): $ 239,140 52 Wk Avg: $37.23
Open: $28.50 52 Wk Low: $25.56

 Market Capitalization (Millions $) 36,950
 Shares Outstanding (Millions) 1,337
 Employees 52,641
 Revenues (TTM) (Millions $) 22,025
 Net Income (TTM) (Millions $) 6,112
 Cash Flow (TTM) (Millions $) 6,897
 Capital Exp. (TTM) (Millions $) 564

Truist Financial Corporation
Truist Financial Corporation is one of the largest banking and financial services companies in the United States. The company was created in 2019 through a merger of BB&T Corporation and SunTrust Banks, Inc. With its headquarters located in Charlotte, North Carolina, Truist operates more than 2,000 branches and 3,000 ATMs across 15 states and Washington, D.C.

Truist offers a wide range of banking and financial services, including personal banking, business banking, commercial banking, wealth management, asset management, insurance, and capital markets services to its clients. The company serves individuals, small businesses, mid-sized companies, and large enterprises, including government agencies and institutional investors.

Personal banking services offered by Truist include checking and savings accounts, credit cards, home equity loans, personal loans and lines of credit, mortgage loans, and student loans. The bank also offers several online and mobile banking services, which allow customers to manage their accounts, pay bills, transfer money, and access their credit score.

Truist's business banking services include treasury management, merchant services, international services, financing, leasing, and credit and debit card services. It also offers specialized services for specific industries, such as healthcare, real estate, and government.

Truist's wealth management services include financial planning, investment management, and trust and estate services, while its asset management division offers a range of investment strategies, including fixed income, equity, and multi-asset class investments.

The company's insurance division provides a variety of insurance products, including home, auto, life, and health insurance. Truist's capital markets group provides investment banking, underwriting, and financial advisory services.

Truist is committed to giving back to the communities it serves. The company has a corporate social responsibility program that supports various initiatives, including affordable housing, community development, education, and disaster recovery efforts.

Truist is known for its focus on innovation and technology. The company has invested heavily in digital banking solutions, allowing customers to access their accounts and services through online and mobile platforms. The bank also operates several fintech partnerships that bring cutting-edge technology to its customers.

Truist is a publicly traded company and is listed on the New York Stock Exchange under the ticker symbol TFC. The company has a market capitalization of over $68 billion and employs more than 57,000 people.

   Company Address: 214 North Tryon Street Charlotte, 28202 NC
   Company Phone Number: 733-2000   Stock Exchange / Ticker: NYSE TFC
   TFC is expected to report next financial results on October 30, 2023.

Customers Net Income grew by TFC's Customers Net Profit Margin fell to

37.82 %

13.93 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


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Consumers Bancorp Inc

Consumers Bancorp Inc Revenue Surges 3.2% YoY, Earnings Per Share Dip Raises Concerns for Investors

The financial results of Consumers Bancorp Inc for the most recent fiscal period have unveiled a mixed bag of outcomes. While the company experienced a growth in revenue, there was a decline in earnings per share (EPS), prompting investors to closely analyze the situation. This article aims to dissect the financial results and speculate on their potential impact on the future of the company.
Revenue Growth:
Consumers Bancorp Inc recorded a year-over-year revenue growth of 3.191%, reaching $9.54 million compared to $9.24 million in the previous year. This increase in revenue is an encouraging sign for the company, indicating a rise in demand and consumer interest. It suggests that Consumers Bancorp Inc has been able to attract more customers and generate higher sales.

Huntington Bancshares Incorporated

Huntington Bancshares Incorporated Surpasses Industry Peers with 12.96% Rise in Revenue for Q2 2023

Huntington Bancshares Incorporated, a prominent commercial bank in the United States, recently released its second quarter earnings report for 2023, providing investors and analysts with insights into the company's financial performance. The report highlights various key metrics, including net profit per share, revenue, earnings, profit margins, and stock performance.
Over the second quarter of 2023, HBAN's net profit per share remained unchanged at $0.35 per share compared to the same period last year. However, profits witnessed a decline of -10.26% from the previous financial reporting period when it stood at $0.39 per share. Although this decline may be seen as a setback, it is essential to consider the context of the wider commercial banking industry. Despite the decrease in profits, HBAN experienced an average top-line improvement of 12.96% relative to the corresponding period last year, outperforming its industry peers.

Camden National Corp

Camden National Corp Faces Challenging Financial Period with 5.809% Revenue Deterioration

Camden National Corp, a leading financial institution, recently reported weak financial results for the period closing on June 30, 2023. The company witnessed a decline in income by 16.67% to $0.85 per share and a decrease in revenue by 5.809% to $42.70 million compared to the previous year. Even when comparing it to the preceding period, earnings per share saw a decrease of 2.3% from $0.87 per share, while revenue showed a modest growth of 1.312% from $42.14 million.
The bottom-line of $12.389 million in the financial period ending June 30, 2023, also suffered a decline of 17.55% compared to the corresponding period a year ago when it was at $15.026 million. This demonstrates a challenging period for Camden National Corp in terms of financial performance.

Park National Corporation

Park National Corporation Investors Face 1.742% Revenue Elevation and Income Decline of -7.62% in Fiscal Period Closing June 30, 2023

The Park National Corporation, a prominent player in the Commercial Banks sector, recently released its financial reports for the second quarter of 2023. While the company saw a commendable revenue elevation of 1.742%, it unfortunately experienced a notable income decline of -7.62% when compared to the previous fiscal period. This article highlights key facts from the report and sheds light on the company's performance in relation to the sector.
Revenue and Earnings Analysis
Park National Corporation recorded revenues of $114.10 million in the April to June 30, 2023 timeframe, which amounts to a decrease of -12.96% relative to the same period in the previous year. This decline seems consistent with the trend observed across the Commercial Banks sector as a whole.

United Security Bancshares

United Security Bancshares Demonstrates Remarkable Financial Growth in Q2 2023

United Security Bancshares, a commercial bank, reported impressive financial results for the three months ending June 30, 2023. The company's net profit per share increased by a remarkable 30% to $0.26 per share compared to the prior year period. Additionally, the company recorded a revenue growth of 19.404% to $12.42 million during the same period, outperforming its peers in the commercial banks industry, which saw an average business growth of 13.22%.
However, it is worth noting that United Security Bancshares experienced a decline in earnings and revenue compared to the previous reporting period. Earnings per share decreased by -27.78% from $0.36, and revenue fell by -16.539% from $14.89 million. Despite this decline, the net profits of $4.417 million in the most recent fiscal period increased by 28.59% from $3.435 million reported in the same period a year ago.


Truist Financial's Segments
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