OverviewSuggest Edit

Truist is a company providing banking and trust services, that was formed as a result of a merger between BB&T and SunTrust. It operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. The company provides services in the areas of retail, premier, and commercial banking, asset management, commercial real estate, corporate and institutional banking, insurance, mortgage, payments, specialized lending, and wealth management.

TypePublic
Founded2019
HQCharlotte, US
Websitetruist.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Dec 2019)59,000
Revenue (FY, 2019)$5.3 B(+8%)
Share Price (Nov 2020)$46.2 (-1%)
Cybersecurity ratingAMore

Key People/Management at Truist

Kelly S. King

Kelly S. King

Chairman and Chief Executive Officer
William H. Rogers

William H. Rogers

President and Chief Operating Officer
Daryl N. Bible

Daryl N. Bible

Chief Financial Officer
Scott Case

Scott Case

Chief Information Officer
Christopher L. Henson

Christopher L. Henson

Head of Banking and Insurance
Ellen M. Fitzsimmons

Ellen M. Fitzsimmons

Chief Legal Officer and Head of Enterprise Diversity
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Truist Office Locations

Truist has an office in Charlotte
Charlotte, US (HQ)
214 N Tryon St
Show all (1)

Truist Financials and Metrics

Truist Revenue

Truist's revenue was reported to be $5.26 b in FY, 2019
USD

Revenue (Q3, 2020)

2.2b

Net income (Q3, 2020)

1.1b

Market capitalization (20-Nov-2020)

63.2b

Closing stock price (20-Nov-2020)

46.2

Cash (30-Sept-2020)

37.1b

EV

73.4b
Truist's current market capitalization is $63.2 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

4.0b3.1b3.8b3.9b3.8b4.0b4.5b4.8b4.9b5.3b

Sales and marketing expense

137.0m

R&D expense

135.0m186.0m160.0m132.0m

Operating expense total

666.0m811.0m873.0m900.0m884.0m1.0b1.1b1.2b932.0m679.0m
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

844.0m12.0m318.0m714.0m787.0m690.0m871.0m966.0m963.0m1.0b1.0b905.0m911.0m933.0m936.0m997.0m1.0b988.0m1.0b1.1b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.4b1.3b2.0b2.4b2.2b

Sales and marketing expense

84.0m56.0m75.0m

R&D expense

35.0m41.0m44.0m51.0m49.0m39.0m34.0m32.0m33.0m30.0m29.0m28.0m

Operating expense total

178.0m146.0m167.0m179.0m205.0m213.0m241.0m209.0m233.0m236.0m231.0m291.0m213.0m219.0m217.0m253.0m239.0m275.0m248.0m283.0m289.0m281.0m240.0m230.0m236.0m241.0m260.0m231.0m217.0m238.0m
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

854.0m1.3b2.0b1.7b2.2b2.1b2.4b2.4b3.3b3.2b

Depreciation and Amortization

122.0m99.0m110.0m421.0m424.0m461.0m555.0m550.0m555.0m630.0m

Cash From Operating Activities

2.9b4.6b3.7b5.3b3.3b2.9b2.7b4.6b4.3b1.5b

Purchases of PP&E

(428.0m)(224.0m)(145.0m)
USDQ1, 2010

Financial Leverage

9.9 x
Show all financial metrics

Truist Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Truist Online and Social Media Presence

Embed Graph

Truist News and Updates

DLH to Participate in the Upcoming Truist Industrials & Services Conference

ATLANTA, Nov. 19, 2020 (GLOBE NEWSWIRE) -- DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the “Company”), a leading provider of innovative healthcare services and solutions to federal agencies, today announced that it will participate in the Truist Virtual Industrials & Services Summit on Decembe…

Truist to Participate at Bank of America Securities Future of Financials Conference

CHARLOTTE, N.C., Nov. 3, 2020 /PRNewswire/ -- Truist Financial Corporation President and Chief Operating Officer, William H. Rogers, Jr., will participate in the Bank of America Securities Future of Financials Conference on Tuesday, Nov. 10, 2020, at 11:20 a.m. ET. The conference will be...

Truist Reports Third Quarter 2020 Results

CHARLOTTE, N.C., Oct. 15, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today reported earnings for the third quarter of 2020. Net income available to common shareholders was $1.1 billion, up 45.3 percent, compared to the third quarter last year. Earnings per diluted...

Peloton stock gains after Truist boosts target to Street-high $144

Shares of Peloton Interactive Inc. are up 1% in Wednesday morning trading after Truist Securities analyst Youssef Squali raised his price target on the stock to $144 from $115. The new target is the highest listed on FactSet. "Shelter-in-place practices have created the perfect environment for grea…

Truist launched a venture capital arm as part of its promised investment in new technologies

Summary List PlacementTruist Ventures integrates both SunTrust's and BB&T's venture programs, and it will be led by a former private equity investor and venture capitalist, per a press release. Prior to merging as Truist, BB&T and SunTrust had invested in startups developing products for cl…

Veem Secures $31M in Strategic Funding Round Led by Truist Ventures

Veem to use funding to drive scale and global commercialization Veem to use funding to drive scale and global commercialization

Truist Frequently Asked Questions

  • When was Truist founded?

    Truist was founded in 2019.

  • Who are Truist key executives?

    Truist's key executives are Kelly S. King, William H. Rogers and Daryl N. Bible.

  • How many employees does Truist have?

    Truist has 59,000 employees.

  • What is Truist revenue?

    Latest Truist annual revenue is $5.3 b.

  • What is Truist revenue per employee?

    Latest Truist revenue per employee is $89.1 k.

  • Who are Truist competitors?

    Competitors of Truist include JPMorgan Chase, Citizens Financial Group and Regions Financial.

  • Where is Truist headquarters?

    Truist headquarters is located at 214 N Tryon St, Charlotte.

  • Where are Truist offices?

    Truist has an office in Charlotte.

  • How many offices does Truist have?

    Truist has 1 office.