10-QPeriod: Q3 FY2003

TRUIST FINANCIAL CORP Quarterly Report for Q3 Ended Sep 30, 2003

Filed November 13, 2003For Securities:TFCTFC-POTFC-PRTFC-PI

Summary

Truist Financial Corp (TFC), formerly BB&T Corporation, filed its third quarter 2003 Form 10-Q on November 12, 2003, reporting on the period ending September 29, 2003. The filing indicates that the company's banking subsidiaries are involved in various legal proceedings that are considered incidental to normal business operations. Management asserts that these proceedings are not expected to have a material adverse effect on the consolidated financial position or results of operations. This report primarily details various corporate agreements and filings, including reorganization and merger agreements with entities like BB&T Financial Corporation, United Carolina Bancshares Corporation, Life Bancorp, Inc., and One Valley Bancorp, Inc. It also references amendments to the company's articles of incorporation and bylaws, as well as debt indentures. Notably, the filing includes certifications from the Chief Executive Officer and Chief Financial Officer, as mandated by the Sarbanes-Oxley Act of 2002, attesting to the accuracy of the financial reporting.

Key Highlights

  • 1Company management believes current litigation will not materially impact financial position or results.
  • 2Multiple historical reorganization and merger agreements are referenced, indicating past significant corporate activity.
  • 3The filing includes detailed references to amendments of the company's articles of incorporation and bylaws.
  • 4Senior and subordinated debt indentures are noted, providing insight into the company's capital structure.
  • 5Certifications from the CEO and CFO, compliant with the Sarbanes-Oxley Act of 2002, are included.
  • 6The report lists various exhibits related to corporate governance and financial instruments.

Frequently Asked Questions

The company states that its banking subsidiaries are involved in routine litigation incidental to business. Management believes these proceedings will not materially adversely affect the consolidated financial position or results of operations.

The exhibits reference several past significant corporate actions, including agreements and plans of reorganization and merger with various entities such as BB&T Financial Corporation, United Carolina Bancshares Corporation, Life Bancorp, Inc., and One Valley Bancorp, Inc.

This particular excerpt from the 10-Q does not provide specific financial performance metrics such as revenue, net income, or earnings per share. It primarily focuses on legal proceedings and the index of exhibits related to corporate structure and agreements.

The filing includes certifications from the Chief Executive Officer and Chief Financial Officer, as required by Rule 13a-14(a) or 15d-14(a) of the Exchange Act, adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. These certifications attest to the accuracy of the financial reporting.