Truist Financial Corp Company Profile - Overview (2024)

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  • Overview
  • Segment Analysis
  • Financials
  • Executives
  • SWOT Analysis
  • Locations
  • Competitors
  • Deals
  • Filing Analytics
  • Patents
  • Theme Exposure
  • Media
  • Premium Data
    • Insurance Market Data Insights
    • IT Services Contracts

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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 loans and mortgages, insurance, investment brokerage, online banking, retail deposits, wealth management, asset management, payments, and SME banking. Its 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* $58.8B

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

* As of and is in US$

View Truist Financial Corp financials

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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

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 Ownership Changes In July, Sterling Capital Management was acquired by Guardian Capital LLC.
2024 Divestiture In May, the company sold its remaining stake in Truist Insurance Holdings to an investor group led by Stone Point Capital, Clayton, Dubilier & Rice, Mubadala Investment Company, and other co-investors.
2024 New Products/Services In April, the company introduced Truist Life, Money, and Choices, a financial education program.

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Truist Financial Corp Company Profile - Overview (2)

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 49,037 229,000 44,300 52,100 70,000
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 Executive Board 2022 66
Clarke R. Starnes III Vice Chairman; Chief Risk officer Executive Board 2022 64
Hugh S. Cummins III Chief Operating Officer; Vice Chairman Senior Management 2023 61
Michael B. Maguire Chief Financial Officer; Senior Executive Vice President Senior Management 2022 45
Scott A. Stengel Chief Legal Officer; Head - Government Affairs; Senior Executive Vice President; Corporate Secretary Senior Management 2023 52
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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Truist Financial Corp Company Profile - Overview (2024)

References

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