Truist Financial (Truist Financial) Scaled Net Operating Assets : 0.16 (As of Dec. 2023)

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What is Truist Financial Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Truist Financial's operating assets for the quarter that ended in Dec. 2023 was $501,110 Mil. Truist Financial's operating liabilities for the quarter that ended in Dec. 2023 was $416,402 Mil. Truist Financial's Total Assets for the quarter that ended in Sep. 2023 was $542,707 Mil. Therefore, Truist Financial's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.16.

Truist Financial Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Truist Financial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(504705	-	416402)	/	555255
=	0.16

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	535349	-	30644
=	504705

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	476096	-	38918	-	20776
=	416402

Truist Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(501110	-	416402)	/	542707
=	0.16

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	535349	-	34239
=	501110

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	476096	-	38918	-	20776
=	416402

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Truist Financial Scaled Net Operating Assets Related Terms

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Truist Financial (Truist Financial) Business Description

Industry

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Address

214 North Tryon Street, Charlotte, NC, USA, 28202

Website

https://www.truist.com

Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments, the primary one being its insurance brokerage business.

Executives

Rogers William H Jr	officer: President and COO	214 N TRYON STREET, CHARLOTTE NC 28202
Charles A Patton	director	214 N TRYON STREET, CHARLOTTE NC 28202
David M Ratcliffe	director	214 N TRYON STREET, CHARLOTTE NC 28202
Steven C Voorhees	director	214 N TRYON STREET, CHARLOTTE NC 28202
Kelly S King	officer: President- BB&T Corporation	214 N TRYON STREET, CHARLOTTE NC 28202
Denise M Demaio	officer: Chief Audit Officer	214 N TRYON STREET, CHARLOTTE NC 28202
Joseph M Thompson	officer: Sr. Executive Vice President	214 N TRYON STREET, CHARLOTTE NC 28202
Michael Baron Maguire	officer: Sr. Executive Vice President	214 N TRYON STREET, CHARLOTTE NC 28202
Cummins Hugh S. Iii	officer: Sr. Executive Vice President	214 N TRYON STREET, CHARLOTTE NC 28202
David Hudson Weaver	officer: Sr. Executive Vice President	214 N TRYON STREET, CHARLOTTE NC 28202
Starnes Clarke R Iii	officer: Sr. Executive Vice President	214 N TRYON STREET, CHARLOTTE NC 28202
Daryl N. Bible	officer: Executive Vice President	214 N TRYON STREET, CHARLOTTE NC 28202
Boyer K. David Jr.	director	214 N TRYON STREET, CHARLOTTE NC 28202
John M Howard	officer: Chief Insurance Officer	214 N TRYON STREET, CHARLOTTE NC 28202
Brantley J Standridge	officer: Sr. Exec. Vice President	214 N TRYON STREET, CHARLOTTE NC 28202