Truist Financial Corp - Company Profile

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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, wealth management, payments, 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.

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Headquarters United States of America

Address 214 North Tryon Street, Charlotte, North Carolina, 28202


Telephone 1 336 7332000

No of Employees 49,037

Industry Financial Services

Ticker Symbol & Exchange TFC (NYSE)

Revenue (2022) $33.2B 31.1% (2022 vs 2021)

EPS XYZ

Net Income (2022) XYZ -117.4% (2022 vs 2021)

Market Cap* $49.1B

Net Profit Margin (2022) XYZ -113.3% (2022 vs 2021)

* As of and is in US$
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Truist Financial Corp premium industry data and analytics

5

Insurance Market Data Insights

Insight into market share and brand performance.

4

IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for Truist Financial Corp (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Truist Financial Corp’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

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

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

Year Event Description
2024 Contracts/Agreements In April, Sheffield Financial and Kawasaki Motors Corp., U.S.A. (Kawasaki) extended their retail financing partnership.
2024 Contracts/Agreements In February, the company signed an agreement to sell its remaining stake in Truist Insurance Holdings to an investor group led by Stone Point Capital, Clayton, and Dubilier & Rice.
2023 Plans/Strategy In October, the company announced its plans to divest its Truist Insurance Holdings to Stone Point Capital for US$10 billion.
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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 49,037 239,000 45,300 51,987 75,465
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
William H Rogers Jr. Chairman; Chief Executive Officer Executive Board 2022 66
Hugh S Cummins, III Chief Operating Officer; Vice Chairman Senior Management 2023 -
Mike Maguire Chief Financial Officer Senior Management 2022 -
Scott Case Chief Information Officer Senior Management 2019 -
Scott Stengel Chief Legal Officer Senior Management 2023 -
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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