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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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After weathering volatility in recent years, banks can now deploy excess capital, signaling confidence in their long-term growth prospects. That was the story shared by Truist executives during a third-quarter 2024 earnings call Thursday (Oct. 17).

Balance Sheet Optimization, Expense Discipline, Digital Growth Define Truist's Quarter

The headline numbers for Truist Financial (TFC) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Truist Financial (TFC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Balance sheet repositioning drives TFC's Q3 NII higher. This, along with a rise in fee income, and the decline in provisions and expenses, support earnings.

Truist Financial's Q3 Earnings Beat as NII & Fee Income Rise

Truist Financial Corporation (TFC) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.84 per share a year ago.

Truist Financial Corporation (TFC) Beats Q3 Earnings and Revenue Estimates

CHARLOTTE, N.C. , Oct. 17, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) reported its third quarter 2024 results today.

Truist reports third quarter 2024 results

Modest NII growth and fee income growth are likely to have aided TFC's third-quarter 2024 earnings but higher provisions and expenses are likely to have hurt.

Higher NII to Aid Truist's Q3 Earnings, Lower Fee Income to Hurt

Besides Wall Street's top -and-bottom-line estimates for Truist Financial (TFC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

Seeking Clues to Truist Financial (TFC) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics

Truist Financial (TFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Truist Financial Corporation (TFC) Earnings Expected to Grow: Should You Buy?

Comerica

Fifth Third Bancorp

M&T Bank

PNC Financial Services

U.S. Bancorp

US banks' third quarter earnings are expected to benefit from upcoming Federal Reserve rate cuts, Bank of America analysts believe.   Reduced rates could be a positive development for banks, particularly in a scenario where customer activity rebounds contributing to an economic soft landing, the analysts wrote in a note to clients.

Regional US banks favored by analysts going into quarterly earnings

Bank of New York Mellon

JPMorgan Chase & Co

JPMorgan, U.S. Bancorp,Truist Financial and The Bank of New York Mellon have been highlighted in this Industry Outlook article.

Zacks Industry Outlook JPMorgan, U.S. Bancorp,Truist Financial and The Bank of New York Mellon

Truist Financial will report third quarter earnings pre-market on Thursday, October 17. Analysts expect roughly flat EPS. Having disposed of its remaining stake in Truist Insurance Holdings, Truist is now a NII-heavy bank with greater long-term sensitivity to interest rates. On the plus side, Truist's current balance sheet composition can drive reasonable net interest margin expansion in the coming easing cycle.

Truist Financial Q3 Preview: Core Banking Trends Become Even More Important

Funds will help provide immediate and long-term resources to help communities in the storm's path get ready, respond and rebuild CHARLOTTE, N.C. , Oct. 8, 2024 /PRNewswire/ -- As another hurricane threatens the Florida Peninsula in the coming days, Truist Foundation today announced it will donate $1 million to support relief and recovery efforts in communities most impacted by Hurricane Milton – the second major hurricane expected to hit the area in the past two weeks.

Truist Foundation announces $1 million grant to assist with Hurricane Milton relief, recovery across Florida

High funding costs and poor asset quality will hurt Zacks Major Regional Banks. Yet, interest rate cuts, modest loan demand, decent economic growth and business restructuring efforts are likely to aid industry players like JPM, USB, TFC and BK.

4 Major Regional Bank Stocks to Watch as Fed Cuts Interest Rates

Chevron

Kraft Heinz

High-yield dividend stocks are returning to the spotlight as interest rates descend from record highs following the Federal Reserve's recent 50-basis-point rate cut. With analysts increasingly bullish on certain large-cap names, there's a compelling case for investors to consider adding these income-generating stocks to their portfolios.

3 High-Yield Dividend Stocks Analysts Favor as Rates Drop

CHARLOTTE, N.C. , Sept. 30, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report third-quarter 2024 financial results before the market opens on Thursday, October 17, 2024.

Truist announces third-quarter 2024 earnings call details

Funds will support information technology, infrastructure restoration in most impacted communities, including Western North Carolina CHARLOTTE, N.C. , Sept. 30, 2024 /PRNewswire/ -- Truist Foundation today announced it will donate an additional $500,000 to support relief and recovery efforts in communities most impacted by the historic destruction from Hurricane Helene, including Western North Carolina, making its total contributions $1 million.

Truist Foundation increases Hurricane Helene relief, recovery support to $1 million

Funds will be used to prepare, respond and restore in impacted communities CHARLOTTE, N.C. , Sept. 26, 2024 /PRNewswire/ -- As Hurricane Helene travels toward the Florida panhandle, Truist Foundation today announced it will donate $500,000 to support relief and recovery efforts in communities impacted by the storm.

Truist Foundation announces $500,000 grant to support Hurricane Helene relief, recovery efforts across Southeast

In collaboration with MIT Solve, Truist Foundation will provide more than $1 million in grants and in-kind services to nonprofits supporting career navigation and workforce development CHARLOTTE, N.C. , Sept. 23, 2024 /PRNewswire/ -- Truist Foundation today announced the launch of its third Inspire Awards, a capacity-building grant program for nonprofit organizations, to help create career pathways to economic mobility for workers across the U.S. This year's challenge aims to improve resources for adults seeking reskilling, upskilling and career transitions to uplift themselves and their families.

Truist Foundation announces new Inspire Awards Challenge to drive economic mobility

Truist Financial said on Wednesday that the bank has lowered its prime lending rates by 50 basis points to 8%, effective Thursday, matching the U.S. Federal Reserve's rate cut.

Truist lowers prime lending rate in tandem with Fed's rate cut

The higher yield offered by Truist Financial has not come at the cost of credit quality.

Dividend Stock Truist Financial: A Top Bank With 5% Yield

Funds will help provide immediate relief, support long-term recovery efforts in impacted communities CHARLOTTE, N.C. , Sept. 11, 2024 /PRNewswire/ -- In response to Hurricane Francine's projected landfall along the U.S. Gulf Coast this afternoon, Truist Foundation today announced it will donate $250,000 to support relief and recovery efforts in communities impacted by the storm.

Truist Foundation announces $250,000 disaster relief, recovery grant in advance of Hurricane Francine hitting U.S. Gulf Coast

Truist Financial Corporation (NYSE:TFC ) Barclays 22nd Annual Global Financial Services Conference September 10, 2024 10:30 AM ET Company Participants Bill Rogers - Chairman and Chief Executive Officer Mike Maguire - Chief Financial Officer Conference Call Participants Jason Goldberg - Barclays Capital Jason Goldberg Great. Moving right along with this morning's session very pleased to have Truist Financial up next.

Truist Financial Corporation (TFC) Barclays 22nd Annual Global Financial Services Conference (Transcript)

Truist Financial Corporation's shares have surged near 52-week highs after a strong 2Q24 and expectations of a Fed rate cut in September. The bank has improved its CET1 ratio to 11.5% through strategic asset sales and balance sheet repositioning, enhancing capital adequacy. With a solid 4.7% yield and a PE ratio of 11 on FY2025E EPS, Truist is a solid value and dividend idea on any dips in the overall market.

Truist Financial: Making Solid Progress

CHARLOTTE, N.C. , Aug. 26, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chairman and Chief Executive Officer Bill Rogers and Chief Financial Officer Mike Maguire will present at the Barclays Global Financial Services Conference at 10:30 a.m.

Truist to present at the Barclays Global Financial Services Conference

New additions expand depth and breadth of platform ATLANTA , Aug. 15, 2024 /PRNewswire/ -- Truist Securities announced today three new appointments to its healthcare investment banking team, broadening and deepening its industry expertise.   Jefferson Rives, managing director and head of healthcare technology, joins from Barclays.

News for Truist Financial Stock (TFC)