Truist Financial Corporation
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Truist Financial Corporation - overview
Established
2019
Location
Charlotte, NC, US
Primary Industry
Financial Services
About
Established in 2019 and based in North Carolina, US, Truist Financial Corporation operates as a provider of a wide range of financial services including corporate and institutional banking, retail, small business and commercial banking, asset management, capital markets, commercial real estate, insurance, mortgage, payments, lending and wealth management.
Primary Industry
Financial Services
Sub Industries
Commercial Banks, Consumer Finance, Credit Collections & Services, Investment Banking, Mortgage Banking, Insurance, Commercial Property
Website
www.truist.com
Verticals
FinTech, FinTech, FinTech, FinTech
Total Amount Raised
Subscriber access only
Truist Financial Corporation - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 9,140,000,000 | 8,859,000,000 | 9,288,000,000 | 10,385,000,000 | 10,851,000,000 | 11,135,000,000 | 12,468,000,000 | 22,095,000,000 | 21,928,000,000 | - | - | - |
| % Revenue Growth (YoY) | - | (3.1%) | 4.8% | 11.8% | 4.5% | 2.6% | 12.0% | 77.2% | (0.8%) | - | - | - |
| EBITDA (USD) | 3,545,000,000 | 3,410,000,000 | 3,378,000,000 | 4,055,000,000 | 3,876,000,000 | 4,615,000,000 | 4,649,000,000 | 7,081,000,000 | 9,377,000,000 | - | - | - |
| Operating Income (USD) | 3,124,000,000 | 2,986,000,000 | 2,917,000,000 | 3,500,000,000 | 3,326,000,000 | 4,060,000,000 | 4,019,000,000 | 5,473,000,000 | 7,993,000,000 | - | - | - |
| Operating Margin | 34.2% | 33.7% | 31.4% | 33.7% | 30.7% | 36.5% | 32.2% | 24.8% | 36.5% | - | - | - |
| % EBITDA Margin | 38.8% | 38.5% | 36.4% | 39.0% | 35.7% | 41.4% | 37.3% | 32.0% | 42.8% | - | - | - |
| NET Income (USD) | 1,729,000,000 | 2,226,000,000 | 2,123,000,000 | 2,442,000,000 | 2,415,000,000 | 3,257,000,000 | 3,237,000,000 | 4,492,000,000 | 6,437,000,000 | - | - | - |
| % Net Margin | 18.9% | 25.1% | 22.9% | 23.5% | 22.3% | 29.3% | 26.0% | 20.3% | 29.4% | - | - | - |
Truist Financial Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out | Completed | Truist Insurance Holdings Inc. | - | ||||||||
| Corporate Carve Out | Completed | Truist Insurance Holdings Inc. | - | ||||||||
| Add-on | Completed | Truist Financial Corporation's Investment Advisory Services Business | - |
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