Quick10K

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BB&T

Financials

Price	52.92	EPS	3
Shares	776	P/E	16
MCap	41,055	P/FCF	21
Net Debt	22,502	EBIT	4,651
TEV	63,557	TEV/EBIT	14
TTM 2019-09-30, in MM, except price, ratios

Filings

10-Q	2020-06-30	Filed 2020-08-04
10-Q	2020-03-31	Filed 2020-05-08
10-K	2019-12-31	Filed 2020-03-03
10-Q	2019-09-30	Filed 2019-10-25
10-Q	2019-06-30	Filed 2019-07-31
10-Q	2019-03-31	Filed 2019-04-30
10-K	2018-12-31	Filed 2019-02-26
10-Q	2018-09-30	Filed 2018-10-26
10-Q	2018-06-30	Filed 2018-07-27
10-Q	2018-03-31	Filed 2018-04-30
10-K	2017-12-31	Filed 2018-02-21
10-Q	2017-09-30	Filed 2017-10-27
10-Q	2017-06-30	Filed 2017-07-28
10-Q	2017-03-31	Filed 2017-04-24
10-K	2016-12-31	Filed 2017-02-21
10-Q	2016-09-30	Filed 2016-10-24
10-Q	2016-06-30	Filed 2016-07-27
10-Q	2016-03-31	Filed 2016-04-29
10-K	2015-12-31	Filed 2016-02-25
10-Q	2015-09-30	Filed 2015-10-30
10-Q	2015-06-30	Filed 2015-07-30
10-Q	2015-03-31	Filed 2015-04-27
10-K	2014-12-31	Filed 2015-02-25
10-Q	2014-09-30	Filed 2014-10-27
10-Q	2014-06-30	Filed 2014-07-28
10-Q	2014-03-31	Filed 2014-04-30
10-K	2013-12-31	Filed 2014-02-26
10-Q	2013-09-30	Filed 2013-10-31
10-Q	2013-06-30	Filed 2013-08-08
10-Q	2013-03-31	Filed 2013-05-02
10-K	2012-12-31	Filed 2013-03-01
10-Q	2012-09-30	Filed 2012-11-02
10-Q	2012-06-30	Filed 2012-08-07
10-Q	2012-03-31	Filed 2012-05-04
10-K	2011-12-31	Filed 2012-02-27
10-Q	2011-09-30	Filed 2011-11-09
10-Q	2011-06-30	Filed 2011-08-08
10-Q	2011-03-31	Filed 2011-05-06
10-K	2010-12-31	Filed 2011-02-25
10-Q	2010-09-30	Filed 2010-11-09
10-Q	2010-06-30	Filed 2010-08-09
10-Q	2010-03-31	Filed 2010-05-07
10-K	2009-12-31	Filed 2010-02-26

Reports

8-K	2020-07-31	Amend Bylaw, Other Events, Exhibits
8-K	2020-07-16	Earnings, Exhibits
8-K	2020-07-08	Suspend Trading, Exhibits
8-K	2020-06-30	Other Events, Exhibits
8-K	2020-06-18
8-K	2020-06-05
8-K	2020-05-29
8-K	2020-05-22
8-K	2020-04-28
8-K	2020-04-20
8-K	2020-03-02
8-K	2020-02-24
8-K	2020-02-11
8-K	2020-02-10
8-K	2020-02-05
8-K	2020-01-30
8-K	2019-12-23
8-K	2019-12-05
8-K	2019-12-03
8-K	2019-11-19
8-K	2019-11-08
8-K	2019-10-17
8-K	2019-09-16
8-K	2019-09-10
8-K	2019-08-27
8-K	2019-08-01
8-K	2019-07-30
8-K	2019-07-24
8-K	2019-07-22
8-K	2019-07-18
8-K	2019-06-14
8-K	2019-06-12
8-K	2019-05-28
8-K	2019-04-30
8-K	2019-04-18
8-K	2019-04-18
8-K	2019-03-18
8-K	2019-03-11
8-K	2019-03-01
8-K	2019-02-07
8-K	2019-02-07
8-K	2019-01-29
8-K	2019-01-17
8-K	2018-12-31
8-K	2018-12-10
8-K	2018-12-06
8-K	2018-10-22
8-K	2018-10-18
8-K	2018-09-13
8-K	2018-08-07
8-K	2018-07-19
8-K	2018-06-28
8-K	2018-06-05
8-K	2018-06-01
8-K	2018-04-24
8-K	2018-04-19
8-K	2018-01-18
8-K	2017-12-31

BB&T Earnings 2020-06-30

Balance Sheet	Income Statement	Cash Flow

tfc-20200630

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________________

FORM 10-Q

_____________________________________________

☒ Quarterly Report Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

For the quarterly period ended: June 30, 2020

Commission File Number: 1-10853

_____________________________

TRUIST FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

_____________________________________________

North Carolina

56-0939887

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

214 North Tryon Street

Charlotte,

North Carolina

28202

(Address of principal executive offices)

(Zip Code)

Registrant's telephone number, including area code:

(336)

733-2000

_____________________________________________

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, $5 par value

TFC

New York Stock Exchange

Depositary Shares each representing 1/1,000th interest in a share of Series F Non-Cumulative Perpetual Preferred Stock

TFC.PF

New York Stock Exchange

Depositary Shares each representing 1/1,000th interest in a share of Series G Non-Cumulative Perpetual Preferred Stock

TFC.PG

New York Stock Exchange

Depositary Shares each representing 1/1,000th interest in a share of Series H Non-Cumulative Perpetual Preferred Stock

TFC.PH

New York Stock Exchange

Depositary Shares each representing 1/4,000th interest in a share of Series I Perpetual Preferred Stock

TFC.PI

New York Stock Exchange

5.853% Fixed-to-Floating Rate Normal Preferred Purchase Securities each representing 1/100th interest in a share of Series J Perpetual Preferred Stock

TFC.PJ

New York Stock Exchange

Depositary Shares each representing 1/1,000th interest in a share of Series O Non-Cumulative Perpetual Preferred Stock

TFC.PO

New York Stock Exchange

Depositary Shares each representing 1/1,000th interest in a share of Series R Non-Cumulative Perpetual Preferred Stock

TFC.PR

New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☒

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

At June 30, 2020, 1,347,608,932 shares of the registrant's common stock, $5 par value, were outstanding.

TABLE OF CONTENTS

TRUIST FINANCIAL CORPORATION

FORM 10-Q

June 30, 2020

Page No.

PART I - Financial Information

Glossary of Defined Terms

Forward-Looking Statements

Item 1.

Financial Statements

Consolidated Balance Sheets (Unaudited)

Consolidated Statements of Income (Unaudited)

Consolidated Statements of Comprehensive Income (Unaudited)

Consolidated Statements of Changes in Shareholders' Equity (Unaudited)

Consolidated Statements of Cash Flows (Unaudited)

Notes to Consolidated Financial Statements (Unaudited)

Note 1. Basis of Presentation

Note 2. Business Combinations

Note 3. Securities Financing Activities

Note 4. Investment Securities

Note 5. Loans and ACL

Note 6. Goodwill and Other Intangible Assets

Note 7. Loan Servicing

Note 8. Other Assets and Liabilities

Note 9. Borrowings

Note 10. Shareholders' Equity

Note 11. AOCI

Note 12. Income Taxes

Note 13. Benefit Plans

Note 14. Commitments and Contingencies

Note 15. Fair Value Disclosures

Note 16. Derivative Financial Instruments

Note 17. Computation of EPS

Note 18. Operating Segments

Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 3.

Quantitative and Qualitative Disclosures About Market Risk (see Market Risk Management in MD&A)

Item 4.

Controls and Procedures

PART II - Other Information

Item 1.

Legal Proceedings

Item 1A.

Risk Factors

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

Item 3.

Defaults Upon Senior Securities - (none)

Item 4.

Mine Safety Disclosures - (not applicable)

Item 5.

Other Information - (none to be reported)

Item 6.

Exhibits

Glossary of Defined Terms

The following terms may be used throughout this report, including the consolidated financial statements and related notes.


Term			Definition
ACL			Allowance for credit losses
AFS			Available-for-sale
Agency MBS			Mortgage-backed securities issued by a U.S. government agency or GSE
ALLL			Allowance for loan and lease losses
ALM			Asset/Liability management
ARRC			Alternative Reference Rates Committee of the FRB and the Federal Reserve Bank of New York
AOCI			Accumulated other comprehensive income (loss)
Basel III Rules			Rules issued by the FRB, OCC and FDIC on capital adequacy and liquidity requirements in the U.S for banking organizations.
BB&T			BB&T Corporation and subsidiaries (changed to "Truist Financial Corporation" effective with the Merger)

BHC

EX-31.1	ex311certification2q20.htm
EX-31.2	ex312certification2q20.htm
EX-32	ex32certification2q20.htm

BBT 10Q Quarterly Report

BB&T Earnings 2020-06-30