OverviewSuggest Edit

Truist is a company providing banking and trust services. 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. Truist was formed as a result of a merger between BB&T and SunTrust.

TypePublic
Founded2019
HQCharlotte, NC, US
Websitetruist.com
Employee Ratings3.6
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2020)52,294(-11%)
Revenue (FY, 2020)$24.4 B(+67%)
Share Price (Sept 2021)$56
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, NC, US (HQ)
Charlotte center city
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Truist Financials and Metrics

Truist Revenue

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Truist's revenue was reported to be $24.43 b in FY, 2020 which is a 66.6% increase from the previous period.
USD

Revenue (FY, 2020)

24.4b

Revenue growth (FY, 2019 - FY, 2020), %

66.6%

Gross profit (FY, 2020)

22.7b

Gross profit margin (FY, 2020), %

93%

Net income (FY, 2020)

4.5b

Market capitalization (7-Sept-2021)

75.3b

Closing stock price (7-Sept-2021)

56.0

Cash (31-Dec-2020)

18.9b

EV

102.2b
Truist's current market capitalization is $75.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

13.0b14.7b24.4b

Revenue growth, %

7%13%67%

Cost of goods sold

1.4b2.1b1.7b

Gross profit

11.6b12.6b22.7b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q4, 2020

Revenue

3.1b3.2b3.3b3.4b3.6b3.5b6.4b6.3b5.8b5.9b

Cost of goods sold

288.0m337.0m382.0m477.0m516.0m518.0m776.0m440.0m261.0m245.0m

Gross profit

2.8b2.9b2.9b2.9b3.0b3.0b5.6b5.9b5.6b5.7b

Gross profit Margin, %

91%90%88%86%85%85%88%93%96%96%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

2.2b2.8b4.1b18.9b

Accounts Receivable

142.2b147.5b298.3b293.9b

PP&E

2.1b2.1b3.7b3.9b

Goodwill

9.6b9.8b24.2b24.4b
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

2.4b3.3b3.2b4.5b

Depreciation and Amortization

550.0m555.0m630.0m1.6b

Cash From Operating Activities

4.6b4.3b1.5b7.4b

Purchases of PP&E

(815.0m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

791.0m1.6b2.5b798.0m1.7b2.5b1.1b2.0b3.2b

Depreciation and Amortization

138.0m274.0m413.0m137.0m276.0m417.0m399.0m819.0m1.2b

Cash From Operating Activities

308.0m1.4b3.0b(745.0m)189.0m2.0b4.6b4.6b5.0b

Purchases of PP&E

(464.0m)(586.0m)(716.0m)
USDFY, 2017

Debt/Equity

1 x

Debt/Assets

0.1 x

Financial Leverage

7.5 x
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Truist Operating Metrics

Truist's Total Loans was reported to be $305.8b in FY, 2020.
FY, 2017FY, 2018FY, 2019FY, 2020

Assets Under Administration

$349.7 b

Branches

2.04 k1.87 k2.96 k

Services Provided

333438

Total Loans

$144.09 b$150 b$308.22 b$305.79 b
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Truist Acquisitions / Subsidiaries

Company NameDateDeal Size
United eWayJuly 16, 2008

Truist Revenue Breakdown

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Truist revenue breakdown by business segment: 44.2% from Consumer Banking and Wealth, 8.2% from Insurance Holdings and 47.5% from Corporate and Commercial Banking

Human Capital Metrics

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Truist Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Truist Online and Social Media Presence

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Truist Company Culture

  • Overall Culture

    C-

    66/100

  • CEO Rating

    D

    61/100

  • Compensation

    D+

    59/100

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Truist News and Updates

Truist to present at the Barclays Global Financial Services Conference

CHARLOTTE, N.C., Sept. 3, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that President and Chief Operating Officer William H. Rogers Jr. will present at the virtual Barclays Global Financial Services Conference on Wednesday, Sept. 15, 2021 at 8:15 a.m. ET....

Truist Foundation Awards $250,000 To FSC For Cyber Initiatives

LAKELAND, Fla., Aug. 27, 2021 /PRNewswire/ -- Florida Southern College has received a $250,000 grant from the Truist Foundation to launch a new Cybersecurity Innovation and Entrepreneurship program. This gift will create an innovative program to address the nation's urgent need for...

VERB Engages Truist Securities to Advance its Acquisition Strategy

NEWPORT BEACH, Calif. and SALT LAKE CITY, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the leader in interactive video-based sales enablement applications, including interactive livestream eCommerce, webinar, CRM and marketing applicatio…

Truist announces retirement of Christopher L. Henson

CHARLOTTE, N.C., Aug. 17, 2021 /PRNewswire/ -- Truist (NYSE:TFC) today announced that Chris Henson, head of banking and insurance and a member of the executive leadership team, has announced his intent to retire effective Sept. 30, 2021, after more than 36 years of dedicated service. "As...

$500K Northstar Financial Services (Bermuda) Claim Brought Against Truist Investment Services by Venezuelan Investors

BOCA RATON, Fla., Aug. 17, 2021 /PRNewswire/ -- Two investors have filed a FINRA arbitration claim against Truist Investment Services, Inc., which is the broker-dealer unit of SunTrust Investment Services. The claimants are seeking up to $500K plus interest and costs after they suffered...

Truist names Fadie Itayem corporate treasurer

Truist Financial Corporation (NYSE: TFC) today announced Fadie "Freddy" Itayem, 38, has been named corporate treasurer, effective Sept. 3, 2021. Itayem will report to Chief Financial Officer Daryl Bible and will be responsible for all Truist corporate treasury activities, including balance sheet man…
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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 52,294 employees.

  • What is Truist revenue?

    Latest Truist annual revenue is $24.4 b.

  • What is Truist revenue per employee?

    Latest Truist revenue per employee is $467.1 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 Charlotte center city, Charlotte.

  • Where are Truist offices?

    Truist has an office in Charlotte.

  • How many offices does Truist have?

    Truist has 1 office.