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 loans and mortgages, insurance, investment brokerage, online banking, retail deposits, wealth management, asset 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.
Headquarters
United States of America
Address
214 North Tryon Street, Charlotte, North Carolina, 28202
Website
www.truist.com
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*
$52.7B
Net Profit Margin (2022)
XYZ
-113.3%
(2022 vs 2021)
* As of and is in US$
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 | 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. |
| 2024 | Contracts/Agreements | In April, Sheffield Financial and Kawasaki Motors Corp., U.S.A. (Kawasaki) extended their retail financing partnership. |
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 | 51,300 | 70,000 |
| 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 |
| Clarke R. Starnes III | Chief Risk officer; Vice Chairman | Executive Board | 2022 | 64 |
| Hugh S. Cummins III | Vice Chairman; Chief Operating Officer | Senior Management | 2023 | 61 |
| Michael B. Maguire | Senior Executive Vice President; Chief Financial Officer | Senior Management | 2022 | 45 |
| Scott A. Stengel | Corporate Secretary; Head - Government Affairs; Senior Executive Vice President; Chief Legal Officer | 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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