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MarketScreener Homepage  >  Equities  >  Nyse  >  Truist Financial Corporation    TFC

TRUIST FINANCIAL CORPORATION

(TFC)
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Truist Financial : Banks Log Higher Net Charge-Off Ratios

10/15/2020 | 11:32am EST

CREDIT LOOK:

Here's a look at what credit quality looked like at some financial firms for the third quarter as the Covid-19 pandemic continues to weigh on consumers and businesses.

TRUIST FINANCIAL:

--Truist's provision for credit losses was $421 million, down from $844 million in 2Q.

--Nonperforming loans and leases as a percentage of them held for investment was 0.37%, up from 0.35% in 2Q.

--Net charge-offs as a percentage of average loans and leases on an annualized basis was 0.42%, up from 0.39% in 2Q.

HOME BANCSHARES:

--Home's provision for credit losses was $14 million, up from $11.4 million in 2Q.

--Nonperforming loans to total loans was 0.63%, up from 0.5% in 2Q.

--Net charge-offs to average total loans was 0.14%, up from 0.07% in 2Q.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

10-15-20 1131ET

Stocks mentioned in the article
ChangeLast1st jan.
HOME BANCSHARES, INC. (CONWAY, AR) -4.29% 18.51 Delayed Quote.-5.85%
TRUIST FINANCIAL CORPORATION -4.29% 46.42 Delayed Quote.-17.58%
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Financials (USD)
Sales 2020 22 070 M - -
Net income 2020 4 119 M - -
Net Debt 2020 - - -
P/E ratio 2020 15,2x
Yield 2020 3,88%
Capitalization 62 580 M 62 580 M -
Capi. / Sales 2020 2,84x
Capi. / Sales 2021 2,93x
Nbr of Employees 59 000
Free-Float 99,6%
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Technical analysis trends TRUIST FINANCIAL CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 48,13 $
Last Close Price 46,42 $
Spread / Highest target 31,4%
Spread / Average Target 3,68%
Spread / Lowest Target -20,3%
EPS Revisions
Managers
NameTitle
Kelly S. King Chairman & Chief Executive Officer
William Henry Rogers President, Chief Operating Officer & Director
Daryl N. Bible Chief Financial Officer & Senior Executive VP
Scott E. Case Chief Information Officer
Dallas S. Clement Independent Director
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