Who Owns Truist Wealth?

What is Truist Financial Corporation?
Truist Financial Corporation is the bank holding company that owns Truist Bank, one of the ten largest commercial banks in the United States. It was formed in December 2019 by the merger of BB&T Corporation and SunTrust Banks and is headquartered in Charlotte, North Carolina. The company trades on the NYSE under ticker TFC.

Is Truist publicly traded?
Yes. Truist Financial Corporation trades on the New York Stock Exchange under the ticker symbol TFC. Both predecessor banks were also publicly traded: BB&T and SunTrust shares were exchanged for Truist shares when the merger closed in December 2019.

When was Truist founded?
Truist as a company was founded on December 6, 2019, when the BB&T and SunTrust merger closed. Its predecessor banks are much older: BB&T was founded in 1872 in Wilson, North Carolina, and SunTrust's earliest predecessor, the Trust Company of Georgia, was founded in Atlanta in 1891.

Who is the CEO of Truist?
Bill Rogers is chairman and chief executive officer of Truist. He led BB&T before the merger and became Truist CEO in September 2021, succeeding Kelly King. Mike Maguire serves as chief financial officer.

What brands does Truist own?
Truist operates primarily under the Truist master brand, including Truist Bank for retail and commercial banking, Truist Securities for investment banking, and Truist Wealth for private wealth services. It also owns LightStream, an online consumer lender. It sold Truist Insurance Holdings in May 2024 for $15.5 billion and Sterling Capital Management to Guardian Capital Group in July 2024.

What was Truist's revenue in 2025?
Truist reported total revenue of $20.5 billion for fiscal year 2025, including $14.6 billion of net interest income and $5.9 billion of noninterest income. Net income available to common shareholders was approximately $5.0 billion, or $3.82 per diluted share, up 14% from 2024.