Truist Financial Corporation is a financial services company that operates primarily through two business segments: Consumer and Small Business Banking (CSBB) and Wholesale Banking (WB), with additional activities in Other, Treasury & Corporate (OT&C) . The company provides a range of financial products and services, including deposits, payment services, credit cards, loans, mortgages, and investment advisory services to consumer and small business clients through various channels . Truist also offers services to commercial, corporate, institutional, real estate, and wealth clients, including core banking, specialized lending, investment banking, capital markets, and wealth management . The company's strategy focuses on deepening client relationships through its Integrated Relationship Management approach, aiming to meet clients' financial needs with a full suite of products .
- Consumer and Small Business Banking (CSBB) - Provides deposits, payment services, credit cards, loans, mortgages, and investment advisory services to consumer and small business clients through branches, ATMs, and digital platforms .
- Wholesale Banking (WB) - Offers a comprehensive suite of services to commercial, corporate, institutional, real estate, and wealth clients, including core banking, specialized lending, investment banking, capital markets, and wealth management services .
- Other, Treasury & Corporate (OT&C) - Includes additional functional activities that support the company's strategic objectives and financial operations .
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
William H. Rogers, Jr. ExecutiveBoard | Chairman and Chief Executive Officer | None | CEO since September 2021, led the merger of BB&T and SunTrust to form Truist, focusing on innovation and client experience. | View Report → |
Brad Bender Executive | Chief Risk Officer | None | Appointed CRO in November 2024, with 20 years at Truist, overseeing credit, market, operational, and compliance risks. | |
Cynthia B. Powell Executive | Executive Vice President and Corporate Controller | None | Serves as Principal Accounting Officer, overseeing accounting functions. No additional details available. | |
Dontá L. Wilson Executive | Chief Consumer & Small Business Banking Officer | Board Member at Signet Jewelers, UNC Charlotte, and Samaritan’s Feet | With 25 years at Truist, Wilson oversees consumer and small business banking, digital banking, and innovation. | |
Kristin Lesher Executive | Chief Wholesale Banking Officer | Former Board Chair of Girls on the Run International | Joined Truist in February 2024, previously EVP at Wells Fargo, overseeing corporate and investment banking, commercial banking, and wealth management. | |
Michael B. Maguire Executive | Chief Financial Officer | None | CFO since September 2022, with 21 years at Truist and its predecessor SunTrust, overseeing financial operations and strategic initiatives. | |
Scott A. Stengel Executive | Chief Legal Officer and Head of Government Affairs | None | Joined Truist in December 2023, previously General Counsel at Ally Financial Inc., bringing extensive legal and leadership experience. | |
Agnes Bundy Scanlan Board | Director | Board Member at AppFolio, Inc. and R1 RCM Inc. | Director since 2019, with over 20 years of experience in risk management, regulatory compliance, and governance. | |
Bruce L. Tanner Board | Director | Director at American Tower Corporation | Director since 2015, with extensive financial and operational expertise from his tenure as CFO at Lockheed Martin. | |
Charles A. Patton Board | Director | Managing Member of Patton Holdings, LLC; Director at KLDiscovery Inc. | Director since 2019, with expertise in specialty lending, equity participations, and risk management. | |
Dallas S. Clement Board | Director | President and CFO of Cox Enterprises, Inc. | Director since 2019, with expertise in financial management and operations. | |
Donna S. Morea Board | Director | Chair of SAIC, CEO of Adesso Group, Operating Executive at The Carlyle Group | Director since 2013, with over 40 years of experience in IT, software, and professional services management. | |
Jennifer S. Banner Board | Director | Board Member at Uniti Group Inc. and Elme Communities | Director since 2003, with expertise in corporate governance, financial services, and technology. | |
Linnie M. Haynesworth Board | Director | Board Member at ADP, Micron Technology, and Eastman Chemical Company | Director since 2019, with expertise in cybersecurity, technology integration, and enterprise strategy. | |
Steven C. Voorhees Board | Director | Trustee at UVA Darden School Foundation; Director at 3DE by Junior Achievement | Director since 2019, with significant experience in M&A and corporate leadership as former CEO of WestRock Company. | |
Thomas E. Skains Board | Independent Lead Director | Director at Duke Energy Corporation and National Fuel Gas Company | Independent Lead Director since March 2022, with extensive governance and risk management experience from his tenure as CEO of Piedmont Natural Gas Company. |
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Given your ongoing investments in risk infrastructure, including cyber and data, can you provide more clarity on how these expenditures will impact your expense base and operating leverage, especially considering the elevated expenses expected in the fourth quarter?
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You mentioned a commitment to achieving mid-teens ROTCE in the medium term, but with peers aiming for higher returns, what specific strategies are you implementing to accelerate your ROTCE growth and close the gap with competitors?
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With loan growth remaining muted and line utilizations at a five-quarter low, how do you plan to drive revenue growth, and are you considering adjusting your capital return strategy, including share buybacks, to enhance shareholder value?
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Competitors are aggressively expanding in your markets by hiring and gaining market share; how do you plan to counter this and ensure Truist stops losing market share to these out-of-market competitors?
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Given the focus on digital initiatives and the enhancement of your Truist One View platform, what measurable outcomes have you seen in terms of client acquisition and efficiency improvements, and how do these initiatives translate into tangible financial benefits?
Research analysts who have asked questions during TRUIST FINANCIAL earnings calls.
Betsy Graseck
Morgan Stanley
5 questions for TFC
Ebrahim Poonawala
Bank of America Securities
5 questions for TFC
Gerard Cassidy
RBC Capital Markets
4 questions for TFC
John Pancari
Evercore ISI
4 questions for TFC
Matthew O'Connor
Deutsche Bank
4 questions for TFC
Scott Siefers
Piper Sandler
3 questions for TFC
Erika Najarian
UBS
2 questions for TFC
Ken Usdin
Autonomous Research
2 questions for TFC
L. Erika Penala
UBS
2 questions for TFC
Michael Mayo
Wells Fargo
2 questions for TFC
Mike Mayo
Wells Fargo
2 questions for TFC
Steven Alexopoulos
JPMorgan Chase & Co.
2 questions for TFC
Chris McGratty
KBW
1 question for TFC
Christopher McGratty
Keefe, Bruyette & Woods
1 question for TFC
Kenneth Usdin
Jefferies
1 question for TFC
Matt O'Connor
Deutsche Bank
1 question for TFC
R. Scott Siefers
Piper Sandler Companies
1 question for TFC
Saul Martinez
HSBC
1 question for TFC
Thomas Leddy
RBC Capital Markets
1 question for TFC
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
BenefitMall | 2022 | Acquired on September 1, 2022, BenefitMall is one of the nation’s largest benefits wholesale general insurance agencies, which significantly expands Truist's wholesale employee benefits offerings. The deal generated approximately $510 million in goodwill and $336 million in identifiable intangible assets amortized over 15 years, and is expected to deliver $160 million in annual revenue with improved EBITDA margins. |
Kensington Vanguard National Land Services | 2022 | Acquired on March 1, 2022, this deal expanded Truist's presence in the title insurance market by acquiring one of the largest independent full-service national title insurance agencies. The acquisition resulted in approximately $187–199 million of goodwill and $138–148 million of identifiable intangible assets, both amortized over a 15-year term, with specific tax deductibility conditions on portions of the goodwill and intangible assets. |
Recent press releases and 8-K filings for TFC.
- On October 28, 2025, Truist Financial Corporation announced it will redeem all outstanding Series P depositary shares on November 13, 2025, pursuant to the optional redemption provisions.
- The redemption price is $1,000 per depositary share plus declared and unpaid dividends up to, but excluding, the redemption date, to be funded from retained earnings.
- A Redemption Notice specifying terms and procedures was mailed to holders of record on the announcement date.
- The Board declared a $0.52 per share quarterly cash dividend on common stock, payable December 1, 2025, to shareholders of record November 14, 2025.
- Dividends were also declared on five series of preferred stock:
- Series I: $1,220.77006 per share ($0.30519 per depositary share), record date November 14, payment December 15, 2025
- Series J: $1,249.83950 per share ($12.49840 per depositary share), record date November 14, payment December 15, 2025
- Series M: $2,562.50 per share ($25.625 per depositary share), record date November 14, payment December 15, 2025
- Series O: $328.125 per share ($0.328125 per depositary share), record date November 14, payment December 1, 2025
- Series R: $296.875 per share ($0.296875 per depositary share), record date November 14, payment December 1, 2025.
- Truist reported total assets of $544 billion as of September 30, 2025, underscoring its top-10 commercial bank status.
- Net income available to common shareholders of $1.348 billion and diluted EPS of $1.04; revenue of $5.238 billion, up 4.0% linked quarter.
- Average loans grew 2.5%, while average deposits declined 1.0% due to large M&A-related outflows.
- Asset quality remained solid with a net charge-off ratio of 0.48% and capital strength maintained at CET1 ratio of 11.0%.
- Repurchased $500 million of common stock in Q3 and plans $750 million in share buybacks in Q4 2025.
- Looking ahead, Q4 2025 adjusted revenue is expected to rise 1–2%, with full-year 2025 revenue growth of 1.5–2.5%, expense growth of ~1%, and an NCO ratio of ~55 bps.
- Truist reported Q3 2025 GAAP net income available to common shareholders of $1.3 billion, or $1.04 EPS, including $0.02 of restructuring charges.
- Adjusted revenue rose 3.7% sequentially—driven by 9.9% growth in non-interest income and 1.2% growth in net interest income—with adjusted expenses up 1%, yielding 270 bps of positive operating leverage.
- Asset quality remained strong as net charge-offs declined both quarterly and year-over-year; CET1 ratio held at 11%, with CET1 including AOCI improving 10 bps to 9.4%.
- Returned $1.2 billion to shareholders via dividends and repurchased $500 million of common stock in Q3; plans $750 million of buybacks in Q4 and $3–4 billion in 2026.
- 2026 outlook calls for revenue growth more than doubling 2025’s pace, higher operating leverage, and a 15% ROTCE target by 2027.
- Net income of $1.3 billion, or $1.04 EPS, including $0.02 per share of restructuring charges
- Adjusted noninterest income rose 9.9% linked quarter to over $1.5 billion, driven by investment banking, trading, and wealth management fees
- Average loans grew 2.5% quarter-over-quarter to $320 billion, while average deposits fell 1% due to mid-July M&A-related outflows (core deposits increased ex-M&A)
- Returned $1.2 billion of capital through dividends and $500 million of share repurchases; planning $750 million in Q4 buybacks and targeting 15% ROTCE by 2027
- Truist reported net income available to common shareholders of $1.35 billion, or $1.04 diluted EPS in Q3 2025.
- Total taxable-equivalent revenues were $5.24 billion, up 4.0% from Q2 2025.
- Average loans held for investment increased 2.5% quarter-over-quarter to $322 billion, while average deposits declined 1.0% to $397 billion.
- Noninterest income rose 11% to $1.56 billion, driven by higher investment banking, trading and wealth management income.
- The common equity tier 1 ratio remained strong at 11.0%, and the firm repurchased $500 million of common shares, resulting in an 87% total payout ratio.
- Truist will invest over the next five years to build 100 new insights-driven branches and renovate 300+ existing branches in high-growth markets including Atlanta, Austin, Charlotte, Dallas, Miami, Orlando, Philadelphia and Washington, D.C.
- The bank plans to enhance digital capabilities with AI-driven analytics for personalized client experiences, an AI-enhanced digital assistant averaging nearly 500,000 monthly conversations, and the delivery of 550 million real-time financial insights annually
- Truist will hire additional Premier advisors and repurpose its virtual sales center to deepen relationships with mass affluent clients
- As of June 30, 2025, Truist holds $544 billion in total assets, underscoring its strong capital position to fund these initiatives
- Truist reported Q2 GAAP net income available to common shareholders of $1.2 billion or $0.90 per share (includes $0.02 of restructuring charges and $0.01 of investment securities losses).
- Average loans held for investment grew 2.0% linked quarter and end-of-period loans rose 3.3%, split evenly between commercial and consumer; average deposits increased 2.1% sequentially.
- Net interest income rose 2.3% linked quarter and net interest margin improved 1 bp to 3.02%.
- Returned $1.4 billion to shareholders via dividends and repurchased $750 million of common stock, with a $500 million buyback target for Q3; CET1 ratio was 11.0%, and stress capital buffer is set to floor at 2.5% effective October 1.
- Maintained full-year 2025 guidance: revenue up 1.5–2.5%, net interest income +3%, expenses +1%, net charge-offs of 55–60 bp; Q3 revenue expected to rise 2.5–3.5%.
- Truist unveiled Truist Merchant Engage, a new integrated merchant services platform powered by Pollinate that unifies business banking and merchant services into a single digital experience.
- The platform offers real-time dashboards, dynamic onboarding, product discovery, and self-service tools to help SMBs streamline operations and gain actionable insights.
- Rollout began in late June 2025 and will continue into early 2026, positioning Truist as the first U.S. bank to bring Pollinate’s solution to market.
- The U.S. merchant acquiring market is valued at $40 billion, representing a significant growth opportunity among over 30 million SMBs that spend up to a full day weekly on non-integrated services.
- The Federal Reserve set Truist’s preliminary stress capital buffer at 2.5% for Oct. 1, 2025–Sept. 30, 2026, implying a minimum CET1 ratio of 7.0%.
- As of March 31, 2025, Truist held $47.8 billion of CET1 capital with an 11.3% CET1 ratio, exceeding the requirement by 4.3%.
- Truist plans to maintain its $0.52 quarterly dividend, pending board approval.
- Truist’s $5 billion share repurchase program remains active with $2.8 billion of capacity after Q2 repurchases.