Truist Financial Corporation 8-K Report: Capital Structure Insights & Preferred Stocks

The key information extracted from the financial report section is as follows:

1. Entity Identification:

• Company: Truist Financial Corporation
• SEC CIK Number: 0000092230
• Address: 214 North Tryon Street, Charlotte, NC 28202
• Phone: (844) 487-8478

2. Report Type and Date:

• Type: 8-K (Current Report)
• Filing Date: January 13, 2025

3. Securities Information:

• Common Stock:
• • Par Value: $5
  • Ticker Symbol: TFC (listed on NYSE)
    
• Preferred Stock:
• • Series I:
  • Depositary Shares: Each representing a 1/4,000th interest in a share of Series I Perpetual Preferred Stock
  • Ticker Symbol: TFC.PI (listed on NYSE)
  • Series J:
  • 5.853% Fixed-to-Floating Rate Normal Preferred Purchase Securities representing a 1/100th interest in a share of Series J Perpetual Preferred Stock
  • Ticker Symbol: TFC.PJ (listed on NYSE)
  • Series O:
  • Depositary Shares: Each representing a 1/1,000th interest in a share of Series O Non-Cumulative Perpetual Preferred Stock
  • Ticker Symbol: TFC.PO (listed on NYSE)
  • Series R:
  • Depositary Shares: Each representing a 1/1,000th interest in a share of Series R Non-Cumulative Perpetual Preferred Stock
  • Ticker Symbol: TFC.PR (listed on NYSE)

4. Financial Instruments:

• The document indicates various classes of preferred stock, highlighting the structure of the equity financing for the company. The Series J preferred stock has a fixed-to-floating rate, which is significant for investors considering interest rate fluctuations.

5. Contextual Information:

• The report specifies the relevant dimensions and axes for U.S. GAAP reporting, denoting the classification of various stock series within their financial statements.

This information is crucial for investors and analysts to assess the company's capital structure, the types of equity securities available, and the potential implications for yield and investment strategy given the nature of the preferred stocks issued.