Truist Financial Corporation
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Michael P. Lyons
- Full Time Employees
- 37,086
- Sector
- Finance
- Industry
- Regional banks
- Address
- 214 North Tryon Street Charlotte NC United States 28202
- IPO Date
- Mar 18, 1980
- CIK
- 0000092230
- Website
- truist.com
- Similar Companies
- Business
- Truist Financial Corporation (NYSE: TFC) operates as a top-10 U.S. commercial bank holding company, delivering a broad spectrum of financial services including retail and small business banking; commercial banking; corporate and investment banking; capital markets; real estate finance; asset-based lending; equipment finance; working capital solutions; mortgage origination and servicing; payments processing; asset management; wealth management encompassing financial planning, trust, investment advisory, brokerage, and estate planning services; and insurance brokerage products through specialized subsidiaries. Headquartered in Charlotte, North Carolina, the company traces its origins to 1872 through predecessor BB&T Corporation and formally emerged in December 2019 from the merger of BB&T and SunTrust Banks; it maintains approximately 1,900 branches across 15 states and Washington, D.C., primarily in the Southeastern and Mid-Atlantic U.S., with additional commercial operations extending into high-growth markets nationwide and select international wealth structuring capabilities. Truist serves consumer, small business, commercial real estate, middle-market corporate, institutional, and high-net-worth clients through integrated platforms emphasizing digital banking, AI-driven insights, fraud prevention, and personalized advisory services. In recent developments, Truist completed the divestiture of its remaining stake in Truist Insurance Holdings, the fifth-largest U.S. insurance brokerage, to Stone Point Capital, Clayton, Dubilier & Rice, and co-investors for $15.5 billion in February 2024, enabling balance sheet optimization and reinvestment into core banking operations. The company launched a major five-year growth strategy in August 2025, committing to open 100 new insights-driven branches and renovate over 300 existing ones in high-opportunity markets such as Atlanta, Austin, Charlotte, Dallas, Miami, Orlando, Philadelphia, and Washington, D.C., alongside enhancements to digital capabilities, Premier advisory services for mass affluent clients, and commercial banking expansions in Ohio and Western Pennsylvania. These initiatives build on Truist's strong capital position to deepen client relationships and capture market share in dynamic regions.
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