TRUIST FINANCIAL CORP (TFC)

Truist Financial Corporation is a purpose-driven financial services company, headquartered in Charlotte, North Carolina, whose stated purpose is to inspire and build better lives and communities. It is a bank holding company that has elected to be a financial holding company. Its largest subsidiary, Truist Bank, was chartered in 1872 and is the oldest bank headquartered in North Carolina. Truist Bank is one of the 10 largest commercial banks in the U.S. and provides banking and trust services through its digital platform and 1,927 branches as of December 31, 2025.

Truist operates through two segments, Wholesale Banking (WB) and Consumer and Small Business Banking (CSBB). Together they offer consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending. The company makes loans and provides lease financing, including commercial and industrial, commercial real estate, commercial construction, residential mortgage, home equity, indirect auto, other consumer, and credit card lending. Its non-lending services include deposits, merchant services, treasury management, trust and retirement services, wealth advisory, investment brokerage, asset management, and capital markets services.

Truist serves individuals, businesses, and municipalities, primarily within its geographic footprint, and holds leading market share in many high-growth U.S. markets. Florida (22% of deposits, 441 branches), Georgia (21%, 202 branches), Virginia (14%, 259 branches), and North Carolina (13%, 276 branches) account for most of its deposits. Other states include Maryland, Tennessee, Pennsylvania, South Carolina, Texas, West Virginia, Kentucky, Washington, D.C., Alabama, and New Jersey. In 2025 its strategic priorities included capturing more of the commercial middle market through industry banking, growing investment banking, wealth, and wholesale payments in WB, and growing deposits, client acquisition, and digital engagement in CSBB. It also aimed to drive positive operating leverage, invest in talent, technology, and risk infrastructure, maintain credit discipline, and return capital to shareholders.

The company competes with national, regional, and local banks, thrifts, credit unions, investment advisers, asset managers, securities brokers and dealers, private-equity and hedge funds, mortgage-banking and finance companies, limited-purpose banks, and financial technology companies, as well as nonbanks involved in digital assets and stablecoins. It continues to invest in its digital platform, including mobile and online applications. Truist is regulated by the Federal Reserve Board. Truist Bank, a North Carolina state-chartered bank that is not a Federal Reserve member, is supervised by the NCCOB and the FDIC. The CFPB, SEC, CFTC, FINRA, MSRB, and NFA also oversee certain activities.