Truist Financial Corp - Company Profile
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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.
Truist Financial Corp premium industry data and analytics
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 |
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. |
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 |
Key Financial Charts
Sales Growth
Net Income Growth
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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