![]() Management decided to slow CRE expansion after the merger of SunTrust and BB&T to maintain diversification benefits. Its strong brand, substantial market share of deposits in many of the fastest-growing markets in the U.S., diverse customer base, range of products and services, and robust financial performance give the bank a solid foundation to withstand most liquidity shocks.ĭuring the first-quarter earnings call the company's chief financial officer also took the time to address investor concerns regarding Truist's CRE portfolio. In contrast, as seen on the chart below, 63% of Truist's deposits insured, leaving only 37% uninsured.Īs of March 31, Truist had total deposits of $408 billion. Eventually, neither bank could meet their financial obligations, and regulators shut them down. As more and more depositors withdrew their cash, each bank's liquidity position deteriorated further. protection, and they quickly rushed to withdraw their money. When word got out that these banks' assets had lost significant value, depositors knew they could lose their funds without Federal Deposit Insurance Corp. S&P Global Market Intelligence reported that 93.8% of Silicon Valley Bank's and 89.3% of Signature Bank's deposits were uninsured at the end of 2022, which made both highly vulnerable to deposit runs. Truist hasn't experienced the issues that caused some banks to fail earlier this year, such as volatile and mostly uninsured deposit bases. When researching Truist, remember that not all banks are the same. Many value investors consider a P/B ratio below 1 as a sign of an undervalued banking stock. It now sells at a price-to-earnings (P/E) ratio of 7.4, well below its median P/E ratio for the last 10 years.Īs the chart below shows, its price-to-book (P/B) ratio is 0.79, well below those of its peers in the industry and less than the stated value of its assets. Wall Street's wariness toward banking stocks has reduced the valuation of Truist to enticing levels. Must be 21 or older to gamble.However, despite concerns about regional banks, investors seeking to diversify their portfolio away from potentially overvalued technology stocks should consider putting some of their cash into Truist shares. Call the National Council on Problem Gambling 24/7 at 1-800-GAMBLER. If you or someone you know has a gambling problem, help is available. See operator site for Terms and Conditions. Sports betting operators have no influence over nor are any such revenues in any way dependent on or linked to the newsrooms or news coverage. Gannett may earn revenue from sports betting operators for audience referrals to betting services. Bet now! In Colorado and New Jersey, claim your 100% Deposit Match up to $250 now! 21+, see for Terms and Conditions. For a full list of sports betting odds, access USA TODAY Sports Betting Scores Odds Hub.Ĭatch the excitement and bet with Tipico!ĭouble Down, Ohio! Deposit $200, Get $250. Tennis odds courtesy of Tipico Sportsbook. Juncheng Shang ( 8:45 PM ET) - Match odds and preview ![]() #89 Yibing Wu ( 7:00 PM ET) - Match odds and preview #46 Jeffrey John Wolf ( 4:50 PM ET) - Match odds and preview #88 Dominik Koepfer ( 2:00 PM ET) - Match odds and preview Auto Racing / NASCAR Picks and Predictions.Women's World Cup Picks and Predictions.NFL Fantasy Football Rankings, Sleepers and Analysis. ![]()
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