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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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Truist Financial

Truist Financial Corp. is a financial holding company, which engages in the provision of banking services to individuals, businesses, and municipalities. It operates through the following segments: Consumer Banking and Wealth, Corporate and Commercial Banking, Insurance Holdings, and Other, Treasury & Corporate. The Consumer Banking and Wealth segment consists of Retail Community Banking, National Consumer Finance, Services, Payments, Wealth Management and Banking Products and Professional Services and Mortgage Banking. The Corporate and Commercial Banking segment consists of Corporate and Investment Banking, Commercial Community Banking and Commercial Real Estate. The Insurance Holdings segment provides property and casualty, employee benefits and life insurance to businesses and individuals and also provides small business and corporate services, such as workers compensation and professional liability, as well as surety coverage and title insurance. It 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. The company was founded on December 6, 2019, and is headquartered in Charlotte, NC.

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Truist Financial reports strong Q4 earnings and optimistic 2023 guidance

Truist Financial's Q4 2022 performance was strong, marked by earnings growth, robust net interest income, and achievement of key milestones. The company provided optimistic guidance for 2023 despite economic uncertainties.
While facing challenges in managing expenses and potential economic impacts, Truist remains focused on leveraging opportunities in revenue synergies, digital enhancements, and strategic growth areas.
Overall, Truist's emphasis on financial strength, digital innovation, and strategic priorities positions them well for future growth and value creation, supported by a strong capital position and commitment to sustainable development.

Truist Financial posts robust Q1 earnings, eyes growth opportunities

Truist Financial reported strong Q1 2023 earnings with notable growth in adjusted PPNR and a focus on digital investments. Despite challenges from funding costs and NIM decrease, the company remains committed to core strengths and through-the-cycle lending. Opportunities for growth and efficiency enhancements through brand consolidation and capital build mode are key focus areas.

Truist Financial reports Q2 earnings decline, focuses on efficiency

Truist Financial navigated challenges of decreased EPS with a focus on managing costs and enhancing digital engagement. The company showcased strong capital position and active credit portfolio management.
While facing revenue decline and increased expenses, Truist is optimistic about post-integration potential and aims for continuous efficiency improvements. The company remains vigilant about economic conditions and is prepared to address credit challenges.
With a strategic focus on operational efficiency and structural changes, Truist aims to achieve top quartile efficiency ratio and organic growth in CET1 ratio. Pricing flexibility and continuous improvement efforts present opportunities for the company's growth.

Truist Financial meets Q3 earnings, focuses on efficiency and digital growth

Truist Financial's Q3 performance showcased resilience in meeting earnings guidance amidst challenges.
Efforts to reduce expenses and optimize the balance sheet position the company for improved profitability.
Anticipated pressures on NIM and revenue present challenges, but cost-saving initiatives and digital growth offer opportunities.
Maintaining strong asset quality metrics and focusing on client relationships are key strengths for Truist Financial.

Truist Financial reports solid Q4 earnings, focuses on efficiency

Truist Financial's Q4 2023 performance showcased solid adjusted net income, improved asset quality metrics, and strategic guidance for 2024 amidst challenges in core efficiency and revenue generation.
The company's strengths lie in its commitment to community impact, efficiency improvement initiatives, diversified revenue streams in investment banking, and focus on profitability optimization.
Challenges include operational efficiency targets, revenue generation pressures, declining net interest income, and strategic decisions regarding the insurance business.
Opportunities for Truist include expanding community impact initiatives, realizing cost savings through efficiency improvements, managing credit quality, and driving sustainable growth through capital optimization.

Truist Financial reports solid Q1 earnings amidst revenue challenges

Truist Financial's Q1 performance was driven by strong investment banking revenue and digital growth, despite revenue challenges ahead.
The company's strengths lie in its capital position, purpose-driven initiatives, and confidence in core banking and investment performance.
While facing revenue declines and NII challenges, Truist sees opportunities in capital deployment, NII improvement, and purpose-driven growth.

Truist Financial posts strong Q3 earnings, eyes digital growth

Truist Financial delivered solid financial performance in Q3 2024, driven by revenue growth and disciplined expense management.
While facing revenue challenges in the near term, Truist's strong capital position and digital focus position it well for future opportunities.
The company's commitment to community support, innovation, and financial stability underpins its resilience and growth potential.

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CHARLOTTE, N.C. , May 29, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chief Financial Officer Mike Maguire will speak at the Morgan Stanley US Financials, Payments & CRE Conference at 1:45 p.m.

Truist CFO to speak at the Morgan Stanley US Financials, Payments & CRE Conference

CHARLOTTE, N.C. , May 28, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $1,000,000,000 principal amount outstanding of its floating rate senior notes due June 9, 2025 (CUSIP 89788MAF9) on the redemption date of June 9, 2024.

Truist announces redemption of senior notes due June 2025

Truist Financial (TFC) remains well-poised for top-line growth driven by loan demand and fee income growth, restructuring plans and higher rates. However, high costs and weak asset quality are woes.

Truist's (TFC) Business Restructuring to Aid Amid Cost Woe

Mid-America Apartment Communities

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The controlling family of this REIT has made sure it pays its dividends for decades. You can bank on Truist's dividend.

3 Magnificent Dividend Stocks You Won't Regret Buying Right Now

CHARLOTTE, N.C. , May 16, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chairman and Chief Executive Officer Bill Rogers will speak at the Bernstein Strategic Decisions Conference at 10 a.m.

Truist Chairman & CEO to speak at the Bernstein Strategic Decisions Conference

Morgan Stanley

In life, whether looking for the best financial stocks to buy or the best way to get rich quickly, imitation can be the best form of flattery. Barron's published an article about bank-stock fund manager David Ellison's portfolio of financial services stocks in his Hennessy Large Cap Financial Fund (MUTF: HLFNX ).

Banking on Experience: 3 Financial Stock Picks from Wall Street's Longest-Serving Guru

CHARLOTTE, N.C. , May 13, 2024  /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced plans to host conference calls to review 2025 quarterly financial results on the following dates and times: First quarter 2025 – Thursday, April 17, 2025, at 8 a.m.

Truist announces quarterly 2025 earnings conference call dates

Truist's (TFC) ratings are downgraded by Moody's following the completion of TIH divestiture. The sale makes the company more depended on spread income and its revenue stream becomes less diversified than before.

Truist (TFC) Ratings Cut by Moody's on Business Divestiture

Truist (TFC) completes the sale of its subsidiary, TIH, and executes a balance sheet repositioning strategy. Driven by these, the company's 2024 total revenues will be higher than previously expected.

Truist (TFC) Closes TIH Sale, Repositions Balance Sheet

ATLANTA--(BUSINESS WIRE)--Boys & Girls Clubs of America is pleased to announce that its board of governors has voted to name long-time board member and supporter, William H. “Bill” Rogers Jr., as the nonprofit's incoming board chair. Rogers, chairman and chief executive officer of Truist Financial Corporation, will take on the leadership role's two-year term in January 2025, following the tenure of businessman and former Milwaukee County Executive, Chris Abele. Joining Boys & Girls Club.

Boys & Girls Clubs of America Names Bill Rogers, Chairman & CEO of Truist, New Board of Governors Chair-Elect

Truist Financial said on Tuesday it has sold $27.7 billion of low-yielding investments to focus on better alternatives as part of a repositioning the lender expects will help it post higher revenue in 2024 than previously forecast.

Truist sells nearly $28 bln of low-yield investments

Truist completes previously announced sale of Truist Insurance Holdings to investor group led by Stone Point Capital and CD&R

Sale of TIH creates a capital advantage and capacity for growth CHARLOTTE, N.C. , May 7, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced the completion of the previously announced sale of its remaining stake in Truist Insurance Holdings, the fifth largest insurance brokerage in the United States, to an investor group led by private equity firms Stone Point Capital, Clayton, Dubilier & Rice, Mubadala Investment Company and other co-investors.

Truist completes sale of Truist Insurance Holdings and executes strategic balance sheet repositioning

S mall business owners in Southeast hit particularly hard with higher stress and more concerned with inflation, yet still confident in growth outlook CHARLOTTE, N.C. , May 1, 2024 /PRNewswire/ -- Following another year of inflation and economic uncertainty, small business owners are focused on short-term challenges to stay afloat while putting long-term strategy and planning on hold, according to Truist's annual Small Business Pulse Survey1.

Truist survey shows small business owners focused on short-term challenges at the expense of long-term planning

Immersive experience designed to provide participants with realistic financial scenarios, choices CHARLOTTE, N.C. , April 29, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) is proud to announce the launch of Truist Life, Money, and Choices™ – its new financial education program for community organizations tailored specifically for high school and college students.

Truist launches "Truist Life, Money, and Choices™" financial education program for high school and college students

Hosted by Greg Olsen, the pitch-style grant program provided funding, yearlong support program for seven nonprofit finalists CHARLOTTE, N.C. , April 25, 2024 /PRNewswire/ -- Truist Foundation awarded Centro Community Partners with the top recognition at the second Inspire Awards, a pitch-style grant program celebrating nonprofits from across the country that showcased innovative technology solutions to support entrepreneurs from undercapitalized communities.

Truist Foundation names Centro Community Partners as top grant recipient at the Inspire Awards

CHARLOTTE, N.C. , April 23, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) announced today that Laurence Stein, 56, has been newly elected to the Truist Board of Directors.

Truist shareholders elect Laurence Stein to board of directors

Shares of Truist Financial (TFC) advanced Monday as the financial services provider posted a quarterly profit beat, but warned about revenue the rest of the year.

Truist Posts Q1 Profit Beat But Warns on Full-Year Revenue

Truist Financial Corporation (NYSE:TFC ) Q1 2024 Earnings Conference Call April 22, 2024 8:00 AM ET Company Participants Brad Milsaps - Investor Relations Bill Rogers - Chairman and Chief Executive Officer Mike Maguire - Chief Financial Officer Clarke Starnes - Vice Chair and Chief Risk Officer Conference Call Participants John McDonald - Autonomous Research Betsy Graseck - Morgan Stanley Scott Siefers - Piper Sandler Ken Usdin - Jefferies Mike Mayo - Wells Fargo Securities Ebrahim Poonawala - Bank of America Matt O'Connor - Deutsche Bank Gerard Cassidy - RBC Capital Markets Vivek Juneja - JPMorgan Operator Greetings, ladies and gentlemen, and welcome to the Truist Financial Corporation First Quarter 2024 Earnings Conference Call. Currently all participants are in a listen-only mode.

Truist Financial Corporation (TFC) Q1 2024 Earnings Call Transcript

Digital channels continue to gain adherents in financial services, as Truist Financial Corp.'s latest earnings results showed Monday (April 22). Earnings supplementals revealed that mobile app users were up 8% to 4.9 million year over year.

Truist Financial's Digital Transactions Leap 13%

While the top- and bottom-line numbers for Truist Financial (TFC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Truist Financial (TFC) Reports Q1 Earnings: What Key Metrics Have to Say

A rise in fee income and lower expenses and provisions support Truist's (TFC) Q1 earnings amid weakness in NII on lower average loan balance and high funding costs.

Truist (TFC) Q1 Earnings Top on Higher Fee Income, Costs Dip

CHARLOTTE, N.C. , April 22, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) reported its first quarter 2024 results today.

Truist reports first quarter 2024 results

Higher funding and deposit costs, weak C&I loan demand and lower non-interest income are expected to have hurt Truist's (TFC) Q1 earnings.

Lower NII & Fee Income to Hurt Truist's (TFC) Q1 Earnings

Truist Financial may benefit from a higher for longer rate environment due to persistent inflation headwinds. The sale of Truist Insurance Holdings could lead to higher capital returns for the bank's shareholders. Truist Financial's shares also trade at a discount to book value again, translating into an attractive risk profile.

News for Truist Financial Stock (TFC)