Truist Financial Corporation (TFC)

In the past six months (January 2025 - June 2025), Truist Financial Corp. (TFC) stock has experienced various events. The stock's 52-week range is between $33.56 and $49.06, with a closing price of $42.99 as of June 30, 2025. Truist reported its first-quarter 2025 earnings, which slightly exceeded earnings per share (EPS) forecasts and showed stable revenue, leading to a modest 0.78% increase in the stock price in premarket trading. The release of favorable annual stress test results for U.S. banks, including Truist, contributed to a slight uptick in the shares of the tested institutions in after-hours trading. Truist announced decreases in its prime lending rate, effective December 19, 2024 (to 7.50% from 7.75%), and September 19, 2024 (to 8.00% from 8.50%). The sale of Truist Insurance Holdings in 2023 and early 2024 was a significant event that impacted the company's capital, specifically adding to its Common Equity Tier 1 (CET1) ratio and tangible book value per share.

Truist Financial Corp. experiences demand seasonality in several of its product and service areas. The fourth quarter of 2024 saw seasonally higher indirect auto portfolio net charge-offs, similar to the fourth quarter of 2022. The fourth quarter of 2022 also showed seasonally higher insurance revenues. Management anticipated seasonally lower average deposit balances to contribute to a sequential decrease in net interest income (NII) in the first quarter of 2025. There can be seasonality in investment banking activities.

Truist Financial Corporation operates within the financial services sector, specifically in the regional banks industry. Headquartered in Charlotte, North Carolina, it is a top-10 commercial bank in the U.S. with $536 billion in total assets as of March 31, 2025. The company offers a comprehensive suite of financial products and services through its wholesale and consumer businesses, including banking, investment banking, wealth management, payments, and specialized lending. Its major products encompass checking and savings accounts, credit cards, various loans, investment and trust services, retirement planning, asset management, and a wide range of insurance products. Truist also provides treasury management, merchant services, international banking services, underwriting, and financial advisory services.

Truist Financial Corporation has a significant geographic footprint across the United States, primarily concentrated in the Southeastern and Mid-Atlantic regions. As of 2024, the company operates 1,928 branches in 15 states and Washington, D.C. It serves approximately 15 million clients across 17 states and D.C., with its footprint including seven of the top 10 fastest-growing markets in the U.S. The company also has 14 community banking regions, with certain lines of business operating nationally.

In the past year, Truist Financial Corp. faced a security breach in October 2024 involving a third-party debt collector, Financial Business and Consumer Solutions (FBCS), where Truist customer data was exposed, affecting over 4.2 million people. Truist stated that its own network was not impacted and offered affected customers credit monitoring services. Negative public opinion, including that stemming from cybersecurity incidents, can adversely affect the company's ability to attract and retain clients and may lead to litigation and regulatory actions. Truist acknowledges the importance of managing reputational risk and has an established risk taxonomy to identify, measure, and monitor such risks.

Truist Financial Corporation's ownership is primarily institutional, with 73.58% held by institutional shareholders. Insiders hold 1.03%, and retail investors account for 25.39% of the ownership. Major institutional owners include Vanguard Group Inc, Capital International Investors, BlackRock, Inc., State Street Corp, Bank Of America Corp /de/, Jpmorgan Chase & Co, Geode Capital Management, Llc, and Amundi. Some insider selling activity has been noted, including by Bradley D. Bender and Kristin Lesher.