Truist Financial Corporation

NYSE TFC

Truist Financial Corporation Return on Equity (ROE) for the Trailing 12 Months (TTM) ending September 30, 2024: -2.50%

Truist Financial Corporation Return on Equity (ROE) is -2.50% for the Trailing 12 Months (TTM) ending September 30, 2024, a -127.34% change year over year. Return on equity measures profit against shareholder equity; higher ROE indicates superior profitability and value creation.
  • Truist Financial Corporation Return on Equity (ROE) for the Trailing 12 Months (TTM) ending September 30, 2023 was 9.15%, a -4.48% change year over year.
  • Truist Financial Corporation Return on Equity (ROE) for the Trailing 12 Months (TTM) ending September 30, 2022 was 9.58%, a 7.17% change year over year.
  • Truist Financial Corporation Return on Equity (ROE) for the Trailing 12 Months (TTM) ending September 30, 2021 was 8.94%, a 56.31% change year over year.
  • Truist Financial Corporation Return on Equity (ROE) for the Trailing 12 Months (TTM) ending September 30, 2020 was 5.72%, a -45.90% change year over year.
Key data
Date Return on Equity (ROE) Return on Capital Employed (ROCE) Interest Coverage Ratio Debt to Equity Ratio
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NYSE: TFC

Truist Financial Corporation

CEO Mr. William Henry Rogers Jr.
IPO Date March 18, 1980
Location United States
Headquarters 214 North Tryon Street
Employees 37,867
Sector Finance
Industries
Description

Truist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; automobile lending; bankcard lending; consumer finance; home equity and mortgage lending; insurance, such as property and casualty, life, health, employee benefits, workers compensation and professional liability, surety coverage, title, and other insurance products; investment brokerage; mobile/online banking; and payment, lease financing, small business lending, and wealth management/private banking services. In addition, it offers association, capital market, institutional trust, insurance premium and commercial finance, international banking, leasing, merchant, commercial deposit and treasury, government finance, commercial middle market lending, small business and student lending, floor plan and commercial mortgage lending, mortgage warehouse lending, private equity investment, real estate lending, and supply chain financing services. Further, the company provides corporate and investment banking, retail and wholesale brokerage, securities underwriting, and investment advisory services. As of December 31, 2021, the company operated through 2,517 banking offices. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.

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StockViz Staff

January 15, 2025

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