Truist Financial Corp (LTS:0HKH)

$ 54.25 0 (0%) Market Cap: 79.17 Bil Enterprise Value: 97.33 Bil PE Ratio: 0 PB Ratio: 0.98 GF Score: 69/100

Truist Financial Corp at BancAnalysts Association of Boston Conference Transcript

Nov 04, 2022 / 02:35PM GMT

Transcript 10-Q

Gerard Sean Cassidy

RBC Capital Markets, Research Division - MD, Head of U.S. Bank Equity Strategy & Large Cap Bank Analyst

Thank you, everybody. Today, we have Truist Financial. As you know, it's the seventh largest bank in the United States with almost $550 billion in assets and approximately $23 billion in revenues possibly for 2022. It's a real diversified company with 64% of its revenues coming from net interest income and about 36% from noninterest income.

Today, we have Mike Maguire, Chief Financial Officer. He recently, as we all know, was appointed as Chief Financial Officer. But before that, he spent years working in the Payments business for Truist, as well as in the Investment Banking area.

Joining us also, and starting us off with a presentation is John Howard. John is their Chief Insurance Officer. Truist, as we all know, is quite unique in the fact that they have this very large Insurance business. And what we're going to do is John will start with insurance, then Mike will go and talk about the Payments business, and then we'll open it up for questions after that.

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