Truist Financial Corporation


SKU: TFC-1 Category:


Truist Financial Corporation delivered a disappointing set of results as the company was unable to meet the revenue and earnings expectations of Wall Street. Net income in the quarter reached $1.2 billion. This represented a 16% decrease in earnings per share compared to last year’s quarter, primarily due to higher loan loss provisions and noninterest expenses. In terms of digital and technology, the company reported positive digital engagement trends, accounting for 61% of total bank transactions. They highlighted the success of Truist Assist and the launch of Truist Insights for small businesses, reinforcing their commitment to enhancing the client experience through technology. On the lending front, Truist emphasized its strategic shift towards higher-return core assets and away from lower-yielding single-product relationships. They made a strategic decision to sell a non-core student loan portfolio, with proceeds used to reduce wholesale funding. Deposit trends were impacted by seasonal tax payments and industry-wide quantitative tightening, leading to a decrease in average deposits. The company is further collaborated with Standard Chartered as part of its strategic initiative to enhance its trade finance capabilities.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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