Truist Financial Corporation (TFC)

28.61 +0.38 (+1.35%) At close: 04:00PM EDT

Truist Financial Corporation

214 North Tryon Street
Charlotte, NC 28202
United States
336 733 2000
https://www.truist.com

Sector(s): Financial Services
Industry: Banks—Regional
Full-time employees: 52,848

Key executives

Name	Title	Pay	Exercised	Year born
Mr. William Henry Rogers Jr.	Exec. Chairman, CEO & Pres	6.84M	3.79M	1958
Mr. Michael Baron Maguire	Sr. EVP & CFO	1.9M	N/A	1979
Mr. Kelly Stuart King	Exec. Director	90.41k	N/A	1948
Mr. Clarke R. Starnes III	Sr. EVP, Chief Risk Officer & Vice Chair	5.28M	N/A	1959
Mr. Donta L. Wilson	Sr. EVP & Chief Retail & Small Bus. Banking Officer	3.82M	N/A	1976
Mr. Hugh Sterling Cummins III	Vice Chair	3.87M	N/A	1963
Mr. Scott E. Case	Chief Information Officer & Sr. EVP	N/A	N/A	1971
Mr. Ankur Vyas	Head of Investor Relations	N/A	N/A	N/A
Ms. Ellen M. Fitzsimmons	Sr. EVP, Chief Legal Officer & Head of Public Affairs	N/A	N/A	1961
Mr. Scott Stanzel	Exec. VP & Chief Communications Officer	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Truist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; automobile lending; credit card lending; consumer finance; home equity and mortgage lending; insurance, such as property and casualty, life, employee benefits, workers compensation and professional liability, surety coverage, title, and other insurance products; investment brokerage; mobile/online banking; and payment, lease financing, small business lending, and wealth management/private banking services. In addition, it offers association, capital market, institutional trust, insurance premium finance, derivatives, commercial lending, international banking, leasing, merchant, commercial deposit and treasury, small business and student lending, floor plan, commercial mortgage lending, mortgage warehouse lending, private equity investment, real estate lending, and supply chain financing services. Further, the company provides corporate and investment banking, retail and wholesale brokerage, securities underwriting and market making, loan syndication, and investment advisory services. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.

Corporate governance

Truist Financial Corporation’s ISS governance QualityScore as of 1 September 2023 is 3. The pillar scores are Audit: 2; Board: 6; Shareholder rights: 4; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.