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Truist Financial Corp: Overview

Truist Financial Corp (Truist Financial) is a financial holding company that offers retail and commercial banking products and related financial solutions through subsidiaries. Its retail banking portfolio consists of asset management, loans and mortgages, insurance, investment brokerage, online banking, retail deposits, payments, wealth management, and SME banking. The commercial banking offerings comprise association service, capital market, treasury, financing, corporate banking, international banking, leasing, merchant services, private equity investments, and supply chain management, among others. The company serves individuals, commercial, SMEs, local governments, and public agencies through a network of branch offices, ATMs, and online portals in the US and Bermuda. Truist Financial is headquartered in Charlotte, North Carolina, the US.

Headquarters United States of America

Address 214 N. Tryon St., Charlotte, North Carolina, 28202


Telephone 3367332000

No of Employees 50,283

Industry Financial Services

Ticker Symbol & Exchange TFC (NYSE)

Revenue (2020) $23.1B -5.6% (2020 vs 2019)

EPS XXX

Net Income (2020) XXX 43.7% (2020 vs 2019)

Market Cap* $57.8B

Net Profit Margin (2020) XXX 52.2% (2020 vs 2019)

* As of and is in US$

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IT Services Contracts

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IT Software Contracts

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ICT Spend & Tech Priorities

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Products and Services

Products Services Brands
Accounts and Deposits: Retirement and Investment: Truist
Business Checking Account Retirement Planning
Business Money Market Account Investment Options
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2022 New Products/Services In September, the company launched a robo-adviser solution called Truist Invest and Truist Invest Pro, a hybrid investing solution.
2022 New Products/Services In September, the company announced the launch of Truist Assist in its mobile banking app and online banking platform.
2022 Asset Purchase In August, the company acquired assets from Zaloni, a firm operating in the data technology solution delivery space.
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Competitor Comparison

Key Parameters Truist Financial Corp Citigroup Inc The Goldman Sachs Group Inc Capital One Financial Corp U.S. Bancorp
Headquarters United States of America United States of America United States of America United States of America United States of America
City Charlotte New York New York Mclean Minneapolis
State/Province North Carolina New York New York Virginia Minnesota
No. of Employees 50,283 231,000 47,000 53,600 68,796
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
William H Rogers Jr. Chief Executive Officer; Chairman; President Executive Board 2022 64
Mike Maguire Chief Financial Officer Senior Management 2022 -
Scott Case Senior Executive Vice President; Chief Information Officer Senior Management 2019 51
Ellen M. Fitzsimmons Chief Legal Officer; Senior Executive Vice President; Head - Public Affairs Senior Management 2021 61
Clarke R. Starnes III Chief Risk Officer; Senior Executive Vice President Senior Management 2019 62
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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