Highest-materiality recent filing
Truist CEO Bill Rogers to retire Sept 1, 2026; Michael P. Lyons named successor as President & CEO
Bill Rogers to retire as CEO on Sept 1, 2026, become Executive Chair until April 2027 annual meeting.
Truist Q1 2026 net income $1.48B, EPS $1.09 (+25% YoY); sets long-term ROTCE target of 16-18%
Net income available to common shareholders $1.38B ($1.09 EPS), up 25% from $0.87 in 1Q25.
Truist Financial issues $1.25B in 4.597% notes; Truist Bank also issues $1.6B in senior notes
Issued $1.25B aggregate principal of 4.597% Fixed-to-Floating Rate Medium-Term Notes, Series I, due Jan 27, 2032.
Truist Q4 net income $1.3B ($1.00 EPS); announces $10B buyback authorization
Net income available to common shareholders $1.29B, diluted EPS $1.00, down from $1.04 in Q3.
Truist announces new $10B common stock repurchase program, replacing prior authorization
Board authorized up to $10 billion of common stock repurchases, effective immediately as of December 16, 2025.
Truist issues $1.25B 4.964% notes due 2036; Truist Bank issues $1.25B 4.136% notes due 2029
Truist Financial issued $1.25B of 4.964% Fixed-to-Floating Rate Medium-Term Notes, Series I (Senior), due Oct 23, 2036.
Truist Q3 net income $1.35B, diluted EPS $1.04; shares repurchased $500M
Net income available to common $1.35B, diluted EPS $1.04 (vs $0.90 in Q2 2025).
Truist Q2 2025 net income $1.2B, EPS $0.90; CET1 11.0%, $750M buyback
Net income available to common shareholders $1.18B, diluted EPS $0.90; adjusted diluted EPS $0.91.
Truist Q1 net income $1.2B, EPS $0.87; avg loans up 1.1%, deposits up 0.6%
Net income available to common shareholders $1.16B, diluted EPS $0.87; adjusted EPS also $0.87.
Truist Q4 net income $1.2B, EPS $0.91; CET1 ratio 11.5%; $500M share repurchases
Net income available to common shareholders of $1.2B, diluted EPS $0.91 (adjusted $0.91).
Truist Vice Chair and COO Beau Cummins resigns effective immediately
Cummins resigned as Vice Chair and COO on Jan 13, 2025, citing material change in responsibilities.
Truist appoints Brad Bender as Chief Risk Officer; Clarke Starnes III retires after 42 years
Clarke Starnes III retires as Vice Chair and CRO; remains Senior Advisor through April 30, 2025.
Truist Q3 net income $1.34B, EPS $0.99; NIM expands, $500M buyback
Net income available to common shareholders $1.34B ($0.99 diluted EPS); adjusted EPS $0.97.
Truist grants $4.5M performance equity awards to CFO, consumer banking chief; revamps 2024 comp plan
CFO Michael Maguire and Consumer Banking Officer Dontá Wilson each receive $4.5M in performance share units (Sept 2024 – Aug 2027).
Truist Q2 net income $826M ($0.62 EPS); adjusted EPS $0.91; announces $5B buyback; CET1 11.6%
Net income available to common shareholders of $826M ($0.62 diluted EPS). Adjusted net income $1.24B ($0.91 adjusted EPS).
Truist completes sale of Insurance Holdings, recasts 2023 financials
Sold remaining equity interests in Truist Insurance Holdings (TIH) on May 6, 2024.
Truist completes sale of insurance unit for $15.5B enterprise value; Howard departs
Closed sale of Truist Insurance Holdings to Stone Point, CD&R, and Mubadala on May 6, 2024.
Truist completes sale of TIH for ~$10.1B in cash, executes $27.7B securities repositioning
Sale closed: after-tax cash proceeds ~$10.1B; after-tax gain ~$4.7B; CET1 ratio increased 230 bps to 12.4% pro-forma.
Truist Q1 adjusted EPS $0.90, up 11% QoQ; revenue declines 1.4%
Net income $1.2B ($0.81 diluted EPS); adjusted EPS $0.90, up 11% from $0.81 in Q4.
Truist provides 2023 supplemental financials with TIH as discontinued ops; sale expected Q2 2024
Q4 2023 net loss from continuing ops of $5,191M, largely due to $6,078M goodwill impairment
Truist sells remaining stake in Truist Insurance Holdings for $15.5B enterprise value
Sold remaining stake in TIH at $15.5B enterprise value (~18x 2023 core EBITDA); expected cash proceeds ~$10.1B.
Truist posts Q4 GAAP loss of $5.2B on $6.1B goodwill impairment; adjusted EPS $0.81
GAAP net loss of $5.2B ($3.85/share) includes $6.1B non-cash goodwill impairment, $507M FDIC special assessment.
Truist Q3 GAAP EPS $0.80, NIM up 4bps to 2.95%, CET1 rises to 9.9%
GAAP net income $1.07B ($0.80 diluted EPS); adjusted PPNR $2.19B down 9.4% QoQ.
Truist Q2 GAAP EPS $0.92; CET1 rises to 9.6%; NII down 6.1% QoQ; record insurance income
Net income $1.2B ($0.92 diluted EPS); includes $41M after-tax merger-related charges.
Truist Q1 GAAP EPS $1.05, revenue $6.15B; adjusted PPNR up 19% YoY
Net income of $1.4B ($1.05 diluted EPS) includes $0.04 of merger-related charges.
Truist completes $1.95B sale of 20% stake in insurance brokerage to Stone Point Capital
Sold 20% of Truist Insurance Holdings for $1.95B, implying a $14.75B total enterprise value.
Truist sells 20% minority stake in Truist Insurance Holdings for $1.95B, valuing unit at $14.75B
Truist sells 20% stake in insurance unit to Stone Point Capital for $1.95B in cash; Mubadala and others co-invest.
William H. Rogers, Jr. will retire as Chief Executive Officer ("CEO") and President of the Corporation and the Bank effective on September 1, 2026 (the "Transition Date").
Michael P. Lyons will be appointed to serve as CEO and President of the Corporation and the Bank and as a member of the Boards effective on the Transition Date.
On June 5, 2026, the Board of Directors (the “Board”) of Truist Financial Corporation (the “Company”) appointed Catherine P. Bessant as a director of the Company, effective immediately.
On May 27, 2025, the Board of Directors (the “Board”) of Truist Financial Corporation (the “Company”) appointed Jonathan Pruzan as a director of the Company, effective immediately.
On January 13, 2025, Hugh S. “Beau” Cummins III, Vice Chair and Chief Operating Officer of Truist Financial Corporation (“Truist”), announced that he will resign from his position, effective immediately.
appointed Brad Bender, who previously served as Truist’s Head of Enterprise Operational Services and interim Chief Information Officer, to the role of Truist’s Chief Risk Officer
agreed that Clarke R. Starnes III will retire from that position and as Vice Chair
Patrick C. Graney III, a member of the Board of Directors (the “Board”) of Truist Financial Corporation (“Truist”), notified Truist of his decision to retire from the Board effective August 31, 2024.
At the completion of the Transaction, effective May 6, 2024, Mr. John M. Howard departed from the Company to continue serving as Chief Executive Officer of Truist Insurance.
On November 10, 2023, the Board of Directors of Truist Financial Corporation (“Truist”) appointed Hugh S. “Beau” Cummins III, Vice Chair of Truist, to the role of Chief Operating Officer, effective immediately.
William H. Rogers, Jr., Chairman, Chief Executive Officer and President of Truist, will no longer serve in the capacity or hold the title of Chief Operating Officer.
On December 31, 2023, the retirements of directors Kelly S. King, Nido R. Qubein, David M. Ratcliffe and Thomas N. Thompson will occur due to these directors reaching Truist’s mandatory retirement age.
Max materiality 0.90 · Median 0.60 · Most common event earnings