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+1.92%
Close of 9 Nov 2026, in USD
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About Truist Financial
From its filings with the US Securities and Exchange Commission
Truist Financial is based in Charlotte, North Carolina and is incorporated in North Carolina. Its shares trade on NYSE under the ticker TFC. It is a member of the S&P 500. The SEC classifies its business as national commercial banks. In the fiscal year to 31 December 2025, it reported net income of $5.31bn. At that date it held total assets of $547.54bn and shareholders' equity of $65.19bn.
Truist Bank, the largest subsidiary of Truist Financial Corporation, was chartered in 1872 and is the oldest bank headquartered in North Carolina. Truist Bank is one of the 10 largest commercial banks in the U.S. and provides banking and trust services for clients through its digital platform and 1,927 branches as of December 31, 2025.
Truist offers a wide range of banking services to individuals, businesses, and municipalities. We offer a variety of loans and lease financing to consumer and wholesale clients primarily within our geographic footprint, including commercial and industrial, commercial real estate, commercial construction, residential mortgage, home equity, indirect auto, other consumer, and credit card lending. We also provide a wide range of non-lending services to consumer and wholesale clients, including deposits, merchant services, treasury management services, trust and retirement services, comprehensive wealth advisory services, investment brokerage services, asset management, and capital markets services. For additional information about lending and non-lending products and services offered by Truist, see the “Lending Activities” section in MD&A and “Note 21. Operating Segments,” respectively.
Quoted from its 10-K, filed 24 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 18 Mar 1980
- Employees
- 38,711
- Website
- truist.com ↗
- Head office
- 214 NORTH TRYON STREET, CHARLOTTE, NC, 28202
- Incorporated in
- NC
- Classification
- National Commercial Banks
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. William RogersChairman of the Board, Chief Executive Officer, since 2019$14.0m
- Mr. Michael MaguireChief Financial Officer, Senior Executive Vice President$8.4m
- Mr. Brad BenderSenior Executive Vice President, Chief Risk Officer
- Ms. Kristin LesherSenior Executive Vice President, Chief Wholesale Banking Officer$14.6m
- Mr. Scott StengelSenior Executive Vice President, Chief Legal Officer, and Head of Government Affairs
- Mr. Donta WilsonSenior Executive Vice President, Chief Consumer and Small Business Banking Officer$9.7m
- Mr. Thomas SkainsLead Independent Director$331,811
- Ms. Jennifer BannerIndependent Director$287,138
- Mr. K. David BoyerIndependent Director$292,138
- Mr. Dallas ClementIndependent Director$317,138
- Ms. Linnie HaynesworthIndependent Director$287,138
- Ms. Donna MoreaIndependent Director$337,138
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 68
- Environment
- 56
- Social
- 79
- Governance
- 70
- Direct emissions (scope 1)
- 13,382 t
- Energy emissions (scope 2)
- 122,508 t
- Value chain emissions (scope 3)
- 25,636,380 t
- Women in the workforce
- 62.7%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Strong Market Position:
- Truist Financial Corp holds a prominent position in the financial services industry, with a vast customer base and established brand recognition.
- Diverse Product Portfolio:
- The company offers a wide range of financial products and services, including banking, lending, wealth management, and insurance, providing opportunities for cross-selling and revenue diversification.
- Robust Technology Infrastructure:
- Truist has invested heavily in advanced technology, enabling efficient operations, seamless digital banking experiences, and enhanced cybersecurity measures.
Weaknesses
- Integration Challenges:
- As a result of the merger between BB&T and SunTrust, Truist faces potential integration challenges related to systems, processes, and cultural differences that could impact operational efficiency.
- Regional Concentration:
- Truist's operations are concentrated in select regions, which exposes the company to economic downturns or regional-specific risks, impacting its overall performance.
- Regulatory Compliance:
- Being in the highly regulated financial industry, Truist needs to ensure compliance with various legal and regulatory requirements, which adds complexity and potential risk.
Opportunities
- Cross-Selling Synergies:
- Truist can capitalize on its extensive customer base to cross-sell additional products and services, driving revenue growth and improving customer loyalty.
- Expansion into New Markets:
- The company has the opportunity to expand its footprint into new regions where it can tap into underserved markets and capture a larger share of the customer base.
- Digital Transformation:
- Truist can leverage its robust technology infrastructure to enhance its digital offerings, attracting tech-savvy customers and improving operational efficiency through automation and innovative solutions.
Threats
- Intense Competition:
- Truist faces fierce competition from other large financial institutions, as well as emerging fintech firms, which may erode its market share and put pressure on profitability.
- Economic Downturns:
- A significant economic downturn or recession could adversely impact Truist's business, leading to lower demand for financial products and increased credit risks.
- Regulatory Changes:
- Changes in regulations or increased regulatory scrutiny could require Truist to modify its business practices, potentially increasing compliance costs and impacting profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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