# TRUIST FINANCIAL CORP

Summary updated: 2026-10-03T22:00:51.840821Z
Canonical: https://finbar.com/research/companies/truist-financial

## Overview

Truist Financial Corp. is a U.S. financial-services company and bank holding company headquartered in Charlotte, North Carolina. It provides banking and related financial services to consumers, small businesses, commercial clients, and wealth clients, including deposits, lending, payments, commercial banking, and wealth services. [1](https://media.truist.com/fast-facts)

Its core operations are organized into Consumer and Small Business Banking, Wholesale Banking, and Other, Treasury & Corporate. Truist operates across 17 states and Washington, D.C., and serves about 15 million clients across the United States. [2](https://app.finbar.com/go?id=P145419380)[1](https://media.truist.com/fast-facts)

Truist states its purpose as “to inspire and build better lives and communities.” It was formed through the merger of BB&T and SunTrust, completed in 2019. As of June 30, 2026, it reported $556 billion in assets; its FY2025 total revenue was $20.32 billion. [3](https://www.truist.com/purpose)[4](https://app.finbar.com/go?id=P73805273)[5](https://app.finbar.com/go?id=T16634803)[6](https://app.finbar.com/go?id=T8529332)
[2](https://app.finbar.com/go?id=P145419380)[4](https://app.finbar.com/go?id=P73805273)[5](https://app.finbar.com/go?id=T16634803)[6](https://app.finbar.com/go?id=T8529332)[1](https://media.truist.com/fast-facts)[3](https://www.truist.com/purpose)

## Products & services

Truist offers consumer deposit and lending products, including checking and savings accounts, credit cards, personal loans, residential mortgages, home-equity loans, and indirect auto loans. Its business and institutional offerings include commercial and industrial, commercial real-estate and construction, and other lending and lease financing, alongside deposits, merchant services, treasury management, trust and retirement services, brokerage, and asset management. [7](https://app.finbar.com/go?id=P42058300) Its named retail products include Truist One Checking, Truist One Savings, One Money Market, CDs, and Confidence Savings; digital-banking features include mobile check deposit, Zelle®, bill pay, eBills, and Paze®. [8](https://www.truist.com/checking/truist-one-banking)[9](https://www.truist.com/savings)[10](https://www.truist.com/digital-banking)

For businesses and commercial clients, Truist provides financing, checking and money-market accounts, treasury and payment services, and merchant services. Its specialist offerings include financial planning, investment advice and wealth management, as well as investment banking, capital markets, asset finance, corporate banking, and risk management. [7](https://app.finbar.com/go?id=P42058300)[11](https://www.truist.com/commercial-corporate-institutional/banking)[12](https://www.truist.com/wealth)[13](https://www.truist.com/commercial-corporate-institutional/investment-banking)

For FY2025, Truist reported $14.423 billion in net interest income and $5.896 billion in noninterest income. Reported noninterest-income categories included wealth management ($1.431 billion), card and treasury management fees ($1.360 billion), investment banking and trading ($1.136 billion), other deposit revenue ($471 million), mortgage banking ($452 million), and lending-related fees ($395 million). These are reported revenue categories, not a product-by-product allocation. [14](https://app.finbar.com/go?id=T1963004)
[7](https://app.finbar.com/go?id=P42058300)[14](https://app.finbar.com/go?id=T1963004)[8](https://www.truist.com/checking/truist-one-banking)[9](https://www.truist.com/savings)[10](https://www.truist.com/digital-banking)[11](https://www.truist.com/commercial-corporate-institutional/banking)[12](https://www.truist.com/wealth)[13](https://www.truist.com/commercial-corporate-institutional/investment-banking)

## Geographic presence

Truist Financial’s operating footprint is concentrated in the United States, spanning 17 states and Washington, D.C. As of June 30, 2026, the company reported more than 1,900 branches and 2,800 ATMs; its 2025 Form 10-K reported 1,927 branches at year-end. [1](https://media.truist.com/fast-facts)[15](https://app.finbar.com/go?id=P11225863) The filing identifies Florida, Georgia, Virginia, North Carolina, Maryland, Tennessee, Pennsylvania, South Carolina, Texas, West Virginia, Kentucky, Alabama, New Jersey and Washington, D.C. among its state markets. Florida, Georgia, Virginia and North Carolina were its largest listed markets by deposits; the filing’s state deposit shares are based on FDIC data as of June 30, 2025, while branch counts are as of December 31, 2025. These are deposit shares, not revenue shares. [16](https://app.finbar.com/go?id=P40318291)

Truist’s principal executive office is at 214 North Tryon Street in Charlotte, North Carolina. [17](https://app.finbar.com/go?id=P56696738) Its reported operating segments are organized by business—Consumer and Small Business Banking, Wholesale Banking, and Other, Treasury and Corporate—rather than by geography; the reviewed filing does not provide geographic revenue percentages. [18](https://app.finbar.com/go?id=P76073756)
[15](https://app.finbar.com/go?id=P11225863)[16](https://app.finbar.com/go?id=P40318291)[17](https://app.finbar.com/go?id=P56696738)[18](https://app.finbar.com/go?id=P76073756)[1](https://media.truist.com/fast-facts)

## Business segments

Truist reports two business segments: Consumer and Small Business Banking (CSBB) and Wholesale Banking (WB). Functional activities are reported separately in Other, Treasury & Corporate (OT&C), which is not a third client-focused business segment. [19](https://app.finbar.com/go?id=P145419361)

CSBB serves retail, premier, and small-business clients with deposits, payments, consumer and residential lending, through digital and in-person channels. WB provides commercial, corporate, institutional, and wealth clients with banking, credit, payments, investment banking, capital-markets, advisory, and wealth services. [20](https://app.finbar.com/go?id=P145419363)[21](https://app.finbar.com/go?id=P145419365) OT&C includes treasury and balance-sheet activities and corporate functions, as well as intersegment eliminations and residual interest-rate risk. [22](https://app.finbar.com/go?id=P145419367)

For the six months ended June 30, 2026, reported segment net interest income after intersegment allocation plus noninterest income was $6.156 billion for CSBB, $5.266 billion for WB, and negative $1.005 billion for OT&C, against a consolidated total of $10.417 billion. These represent approximately 59%, 51%, and negative 10%, respectively. Segment net income was $1.565 billion for CSBB, $1.851 billion for WB, and negative $382 million for OT&C, compared with consolidated net income of $3.034 billion—approximately 52%, 61%, and negative 13%. The percentages exceed 100% in aggregate because OT&C reported a loss. [23](https://app.finbar.com/go?id=T16634796)
[19](https://app.finbar.com/go?id=P145419361)[20](https://app.finbar.com/go?id=P145419363)[21](https://app.finbar.com/go?id=P145419365)[22](https://app.finbar.com/go?id=P145419367)[23](https://app.finbar.com/go?id=T16634796)

## Company history

Truist’s history traces to two predecessor institutions. Branch and Hadley Bank, founded in Wilson, North Carolina, in 1872, became part of the BB&T lineage; Commercial Travelers’ Savings Bank, chartered in Atlanta in 1891, began the SunTrust lineage. [24](https://www.dncr.nc.gov/blog/2016/01/03/origins-bbt-wilson) [25](https://media.truist.com/suntrust-history)

In 1995, BB&T merged with Southern National. BB&T later expanded through its acquisition of National Penn Bancshares, completed effective April 1, 2016. [26](https://www.sec.gov/Archives/edgar/data/92230/000119312507041147/d10k.htm) [27](https://www.sec.gov/Archives/edgar/data/92230/000119312516528609/0001193125-16-528609.txt)

BB&T and SunTrust entered a merger agreement in February 2019. The merger became effective on December 6, 2019, and the surviving corporation changed its name to Truist Financial Corporation. In 2021, William H. Rogers Jr. succeeded Kelly S. King as CEO. [28](https://www.sec.gov/Archives/edgar/data/92230/000089882219000003/bbt8kfeb72019.htm) [29](https://www.sec.gov/Archives/edgar/data/92230/000119312519308844/d841243d8k.htm) [30](https://www.sec.gov/Archives/edgar/data/92230/000009223021000067/ex991-newsrelease_0821.htm)
[24](https://www.dncr.nc.gov/blog/2016/01/03/origins-bbt-wilson)[25](https://media.truist.com/suntrust-history)[26](https://www.sec.gov/Archives/edgar/data/92230/000119312507041147/d10k.htm)[27](https://www.sec.gov/Archives/edgar/data/92230/000119312516528609/0001193125-16-528609.txt)[28](https://www.sec.gov/Archives/edgar/data/92230/000089882219000003/bbt8kfeb72019.htm)[29](https://www.sec.gov/Archives/edgar/data/92230/000119312519308844/d841243d8k.htm)[30](https://www.sec.gov/Archives/edgar/data/92230/000009223021000067/ex991-newsrelease_0821.htm)

## Sources

1. [media.truist.com](https://media.truist.com/fast-facts)
2. [TRUIST FINANCIAL CORP — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145419380)
3. [www.truist.com](https://www.truist.com/purpose)
4. [TRUIST FINANCIAL CORP — Press release (2025 Y)](https://app.finbar.com/go?id=P73805273)
5. [TRUIST FINANCIAL CORP — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16634803)
6. [TRUIST FINANCIAL CORP — Press release (2025 Y)](https://app.finbar.com/go?id=T8529332)
7. [TRUIST FINANCIAL CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P42058300)
8. [www.truist.com](https://www.truist.com/checking/truist-one-banking)
9. [www.truist.com](https://www.truist.com/savings)
10. [www.truist.com](https://www.truist.com/digital-banking)
11. [www.truist.com](https://www.truist.com/commercial-corporate-institutional/banking)
12. [www.truist.com](https://www.truist.com/wealth)
13. [www.truist.com](https://www.truist.com/commercial-corporate-institutional/investment-banking)
14. [TRUIST FINANCIAL CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T1963004)
15. [TRUIST FINANCIAL CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P11225863)
16. [TRUIST FINANCIAL CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P40318291)
17. [TRUIST FINANCIAL CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P56696738)
18. [TRUIST FINANCIAL CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P76073756)
19. [TRUIST FINANCIAL CORP — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145419361)
20. [TRUIST FINANCIAL CORP — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145419363)
21. [TRUIST FINANCIAL CORP — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145419365)
22. [TRUIST FINANCIAL CORP — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145419367)
23. [TRUIST FINANCIAL CORP — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16634796)
24. [www.dncr.nc.gov](https://www.dncr.nc.gov/blog/2016/01/03/origins-bbt-wilson)
25. [media.truist.com](https://media.truist.com/suntrust-history)
26. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/92230/000119312507041147/d10k.htm)
27. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/92230/000119312516528609/0001193125-16-528609.txt)
28. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/92230/000089882219000003/bbt8kfeb72019.htm)
29. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/92230/000119312519308844/d841243d8k.htm)
30. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/92230/000009223021000067/ex991-newsrelease_0821.htm)

AI-generated summary; may contain errors. Not investment advice. Sign up to Finbar to view original document sources and access worldwide fundamental financial data and intelligence.