UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K _________________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Commission File Number: 1-10853 TRUIST FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) | _________________________________________________________________ | | | --- | --- | | North Carolina | 56-0939887 | ...

Truist Financial Corporation (NYSE:TFC) UBS Financial Services Conference February 11, 2025 1:00 PM ET Company Participants Mike Maguire - Chief Financial Officer Conference Call Participants Erika Najarian - UBS Erika Najarian Buddy, as I say, no rest for the weary. But obviously my energy levels are back up, because we have Mike Maguire from Truist, CFO on stage. How are you? Mike Maguire I'm great. Thank you so much for having us. Question-and-Answer Session Q - Erika Najarian Absolutely. So, before we t ...

Summary of Truist Financial Corporation Conference Call Company Overview - **Company**: Truist Financial Corporation - **Participants**: Mike Maguire (CFO) Key Points Management Changes - Beau's contributions over 20 years were acknowledged as he steps down, with Mike Maguire and others taking on his responsibilities [2][3] - Focus on aligning wholesale payments with enterprise payments to enhance market strategy [3][4] Industry Positioning - Increased optimism in the banking industry noted, with Truist positioned to capitalize on this momentum [5] - Strong capital position allows for elevated shareholder returns and growth across various business lines [6][8] Loan Growth Expectations - Anticipation of loan growth across most sectors, with caution in commercial real estate due to current market conditions [9][10] - Specialty lending businesses in consumer sectors are performing well, indicating a positive outlook for growth [11][14] Deposit and Interest Income Outlook - Stable deposit environment compared to previous year, with expectations for deposit growth aligned with loan growth [16][17] - Net interest income (NII) outlook is contingent on the interest rate curve, with a productive curve expected [19][20] Investment Portfolio Management - Increased investment portfolio size from approximately $115 billion to $125 billion, with future growth expected to be more measured [22][23] - Focus on managing risks associated with interest rate fluctuations through swaps [24] Fee Income Growth - Investment banking and trading have shown consistent growth, with a focus on expanding market share and improving profitability [25][26] - Emphasis on enhancing treasury and wholesale payments as a key area for growth [28][30] Expense Management - Commitment to limiting expense growth to 1.5% in 2025 while investing in growth initiatives [36][40] - Ongoing efficiency initiatives from late 2023 are expected to yield benefits into 2025 [37] Asset Quality and Risks - Commercial real estate exposure is manageable, with proactive measures in place to mitigate risks [42][44] - Monitoring of economic factors such as tariffs and tax cuts is ongoing, with no significant updates on asset quality [45] Capital Management - Strong capital position allows for continued stock buybacks and growth investments [46][48] - Prioritization of growth, dividends, and buybacks in capital deployment strategy [51][52] Market Opportunities - Identified growth opportunities in existing markets like Texas, Pennsylvania, and New Jersey, focusing on increasing market share [56] - Mid-teens return on tangible common equity (ROTCE) target set, with ongoing initiatives to achieve this goal [57][58] Conclusion - Truist is positioned for growth with a clear focus on execution, capital management, and enhancing profitability through strategic initiatives [67][68]

Core Viewpoint - Truist Financial Corporation (TFC) and Northern Trust Corporation (NTRS) are both considered by investors, but TFC is identified as the superior value option based on current valuation metrics [1][6]. Valuation Metrics - TFC has a forward P/E ratio of 11.97, while NTRS has a forward P/E of 13.84 [5]. - TFC's PEG ratio is 1.67, compared to NTRS's PEG ratio of 1.74, indicating TFC may offer better value relative to its expected earnings growth [5]. - TFC's P/B ratio is 1.10, whereas NTRS has a P/B ratio of 1.89, further supporting TFC's stronger valuation position [6]. - TFC has a Value grade of B, while NTRS has a Value grade of C, reflecting TFC's more favorable valuation metrics [6]. Earnings Outlook - Both TFC and NTRS have a Zacks Rank of 2 (Buy), indicating an improving earnings outlook due to positive analyst estimate revisions [3].

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CHARLOTTE, N.C., Feb. 3, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chief Wholesale Banking Officer Kristin Lesher will speak at the BofA Securities Financial Services Conference on Wednesday, Feb. 12, 2025, at 11:20 a.m. ET. A live audio webcast will be available on the day of the conference at ir.truist.com under Events & Presentations. A replay of the webcast will be available on the website for 30 days. About TruistTruist Financial Corporation is a purpose-driven ...

CHARLOTTE, N.C., Jan. 31, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chief Financial Officer Mike Maguire will speak at the UBS Financial Services Conference on Tuesday, Feb. 11, 2025, at 1:00 p.m. ET. A live audio webcast will be available on the day of the conference at ir.truist.com under Events & Presentations. A replay of the webcast will be available on the website for 30 days. About TruistTruist Financial Corporation is a purpose-driven financial services compa ...

Core Insights - Sheffield Financial has formed a national partnership with Scarab to provide competitive financing options for Scarab's high-performance jet-powered boats [1][3] - The collaboration aims to enhance the boat buying experience by leveraging Sheffield's 32 years of consumer financing expertise and Scarab's extensive dealer network [2][3] Company Overview - Sheffield Financial, a division of Truist Bank, specializes in fast and flexible retail financing across various industries, including marine and powersports, and has financed millions of customers in the USA [4] - Truist Financial Corporation is a leading U.S. commercial bank with total assets of $531 billion as of December 31, 2024, offering a wide range of financial services [5] Product and Service Features - The partnership will utilize Sheffield's advanced prequalification technology, allowing customers to check financing eligibility without affecting their credit score, thus streamlining the purchasing process [2][3] - Scarab boats, powered by Rotax® engines, are designed for performance and recreational activities, featuring models ranging from 16 to 28 feet [6]

Shares of Truist Financial Corporation (NYSE: TFC ) surged 6% on Friday after the financial institution reported better-than-expected results for its fourth fiscal quarter, mainly due to higher investment banking and trading-related fees. Truist Financial saw an improving credit trend in theI look for high-risk, high-reward situations, mainly in the technology markets. I am an early buyer of Bitcoin and my portfolio mainly focused on companies with asymmetric long-term upside. My top holdings include: Bitco ...

Earnings Call Overview - Truist Financial Corporation held its Q4 2024 earnings conference call on January 17, 2025, at 8:00 AM ET [1] - The call included participation from Chairman and CEO Bill Rogers, CFO Mike Maguire, and Chief Risk Officer Brad Bender, along with other senior management members [4] - The discussion focused on Q4 2024 results, current business conditions, and the 2025 outlook [4] Presentation Details - The presentation included forward-looking statements and non-GAAP financial measures, with disclosures available on Slides 2 and 3 of the accompanying presentation [5] - Supplemental financial information and the earnings release were accessible on the Truist Investor Relations website [4] Participants - Key participants included Brad Milsaps (IR), Bill Rogers (Chairman and CEO), Mike Maguire (CFO), and Brad Bender (Chief Risk Officer) [4] - Analysts from major financial institutions such as Piper Sandler, Bank of America, Deutsche Bank, UBS, Morgan Stanley, Evercore, HSBC, Wells Fargo, and RBC were present [1]