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Truist Financial Corp
Loan Loss Provision
Truist Financial Corp
Loan Loss Provision Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
Company | Loan Loss Provision | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
---|---|---|---|---|---|---|
Truist Financial Corp
NYSE:TFC
|
Loan Loss Provision
-$2B
|
CAGR 3-Years
N/A
|
CAGR 5-Years
-27%
|
CAGR 10-Years
-24%
|
||
PNC Financial Services Group Inc
NYSE:PNC
|
Loan Loss Provision
-$865m
|
CAGR 3-Years
N/A
|
CAGR 5-Years
-4%
|
CAGR 10-Years
-10%
|
||
M&T Bank Corp
NYSE:MTB
|
Loan Loss Provision
-$695m
|
CAGR 3-Years
N/A
|
CAGR 5-Years
-34%
|
CAGR 10-Years
-18%
|
||
Huntington Bancshares Inc
NASDAQ:HBAN
|
Loan Loss Provision
-$439m
|
CAGR 3-Years
-38%
|
CAGR 5-Years
-10%
|
CAGR 10-Years
-16%
|
||
Fifth Third Bancorp
NASDAQ:FITB
|
Loan Loss Provision
-$406m
|
CAGR 3-Years
N/A
|
CAGR 5-Years
0%
|
CAGR 10-Years
-4%
|
||
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
|
Loan Loss Provision
-$525m
|
CAGR 3-Years
N/A
|
CAGR 5-Years
-71%
|
CAGR 10-Years
N/A
|
Truist Financial Corp
Glance View
At the heart of the Southeastern financial landscape lies Truist Financial Corp., a banking titan born from the union of two storied institutions: BB&T and SunTrust. This merger, completed in December 2019, created one of the largest financial services companies in the United States, sparking a wave of excitement and anticipation across the industry. Truist, with its headquarters in Charlotte, North Carolina, undertakes a comprehensive suite of banking operations designed to serve the needs of both individuals and businesses. The company operates an extensive network of branches and ATMs, providing community and commercial banking services to millions of clients. It's not just a bank, but a conglomerate of financial services, including wealth management, insurance, retail, corporate, and investment banking, with a strategic focus on digital transformation to streamline and enhance the customer experience. Truist makes its money primarily through the age-old business of financial intermediation, borrowing money at low rates and lending it at higher rates. Beyond traditional loan products and deposit services, Truist has a diverse revenue stream that includes fee-based services, such as wealth management, treasury management, and insurance offerings. The company leverages its extensive database and advanced analytics to personalize services and deepen customer relationships, a critical strategy in an era where fintech competitors are reshaping the banking landscape. By blending the scale and capabilities of its legacy partners, Truist strives to create a more technologically adept and client-focused banking experience, one that not only focuses on growth but also prioritizes community involvement and sustainable development. Through this approach, Truist endeavors to generate consistent, long-term financial returns while enhancing value for its shareholders.
See Also
What is Truist Financial Corp's Loan Loss Provision?
Loan Loss Provision
-2B
USD
Based on the financial report for Sep 30, 2024, Truist Financial Corp's Loan Loss Provision amounts to -2B USD.
What is Truist Financial Corp's Loan Loss Provision growth rate?
Loan Loss Provision CAGR 10Y
-24%
Over the last year, the Loan Loss Provision growth was 2%.