Truist Financial 8-K Report: Key Insights on Stock Structure & Offerings
Based on the provided section of the financial report, here are the key insights and important information extracted:
- Entity Information:
- Name: Truist Financial Corporation
- CIK: 0000092230
- Address: 214 North Tryon Street, Charlotte, NC 28202
- Phone Number: 844 487-8478
- SEC Filing Type: 8-K
- Filing Date: January 17, 2025
- Stock Information:
- Common Stock:
- Par Value: $5
- Ticker Symbol: TFC
- Exchange: NYSE
- Preferred Stock Offerings:
- Series I Preferred Stock:
- Ticker Symbol: TFC.PI
- Structure: Depositary Shares each representing 1/4,000th interest in a share of Series I Perpetual Preferred Stock
- Series J Preferred Stock:
- Ticker Symbol: TFC.PJ
- Structure: 5.853% Fixed-to-Floating Rate Normal Preferred Purchase Securities each representing 1/100th interest in a share of Series J Perpetual Preferred Stock
- Series O Preferred Stock:
- Ticker Symbol: TFC.PO
- Structure: Depositary Shares each representing 1/1,000th interest in a share of Series O Non-Cumulative Perpetual Preferred Stock
- Series R Preferred Stock:
- Ticker Symbol: TFC.PR
- Structure: Depositary Shares each representing 1/1,000th interest in a share of Series R Non-Cumulative Perpetual Preferred Stock
- Reporting Period:
- The report covers transactions and activities occurring on January 17, 2025.
- Stock Classifications:
- The report identifies multiple classes of stock, including common and various series of preferred stocks, indicating a structured equity offering strategy.
- Financial Structure:
- The inclusion of preferred stocks with different structures (perpetual, fixed-to-floating rate, non-cumulative) suggests a diversified approach to capital raising, potentially appealing to different investor profiles.
This information is crucial for investors and analysts as it outlines the company's stock structure, recent filings, and operational details, providing context for investment decisions and financial analysis.