Truist Bank
Headquarters
214 N Tryon St
Charlotte, NC 28202
See all branch locations →
ACH 057000668
Phone 800 226 5228
2024 Overview
General Bank Information
Truist Bank is an FDIC insured institution located in Charlotte, NC. It was founded in 1872 and has approximately $527.53 billion in assets. Customers can open an account at one of its 2,325 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 9846 |
| Date Established | 1872 |
| Assets | $ 527.53 billion |
| Loans | $ 308.42 billion |
| Deposits | $ 407.52 billion |
| Capital | $ 58.14 billion |
For a more detailed analysis of Truist Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - April 18, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Truist One Savings
|
0.01% | $1 | - |
Learn More
|
|
Money Market
|
0.01% | $100,000 | - |
Learn More
|
| CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 12 Month CD
|
4.00% | $1,000 | - |
Learn More
|
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| Truist One Checking Account | 0.00% | $1,500 | $12.00 | Learn More |
| Truist Confidence Account | 0.01% | $500 | $5.00 | Learn More |
Loan Rates - April 18, 2024
Your Current Location: Ohio, OH 43085
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
6.49% | 6.49% | Varies | |
Compare with 7.49 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
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| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
7.17% | 6.81% | $2,842.19 | |
| 15 Year Fixed Jumbo See Amortization Table |
7.95% | 7.75% | $3,012.08 | |
| 20 Year Fixed Conforming See Amortization Table |
8.27% | 8.00% | $2,676.61 | |
| 20 Year Fixed Jumbo See Amortization Table |
8.33% | 8.13% | $2,702.56 | |
| 30 Year Fixed Jumbo See Amortization Table |
6.09% | 6.76% | $2,078.28 | |
| 30 Year Fixed Conforming See Amortization Table |
7.17% | 7.77% | $2,296.50 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.82% | 6.75% | $2,831.71 | |
| 15 Year Fixed Jumbo See Amortization Table |
7.95% | 7.75% | $3,012.08 | |
| 20 Year Fixed Conforming See Amortization Table |
8.27% | 8.00% | $2,676.61 | |
| 20 Year Fixed Jumbo See Amortization Table |
8.33% | 8.13% | $2,702.56 | |
| 30 Year Fixed Jumbo See Amortization Table |
6.09% | 6.76% | $2,078.28 | |
Compare with 7.451% APR and 7.375% 30-Year Fixed RATE from Rocket Mortgage
See All Mortgage Rates |
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| 30 Year Fixed Conforming See Amortization Table |
6.82% | 7.67% | $2,275.30 | |
|
Compare with 7.451% APR and 7.375% 30-Year Fixed RATE from Rocket Mortgage
See All Mortgage Rates |
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Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
Truist Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
Truist has a sustainability policy and has been an lender to several renewable energy projects, including extending a 41.90 billion debt facility to Gemini Solar and Storage project outside of Las Vegas.
Updated March 31, 2024
Truist Bank has been a lead underwriter in several major renewable energy projects, particularly in the solar space in the US West and Southeast.
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Financial Details
Truist Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Truist Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Truist Bank | U.S. Bank Average |
|---|---|
| 3.34% | 3.96% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of December 31, 2024, Truist Bank had $1,965,000,000 in non-current loans and $139,000,000 in owned real estate. To cover these potential losses it had $58,144,000,000 in equity and $4,793,000,000 in loans loss reserves. That gives it a Texas Ratio of 3.34%.
Return on Equity
| Truist Bank | U.S. Bank Average |
|---|---|
| -1.06% | 12.20% |
Truist Bank has a Return on Equity of -1.06% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Truist Bank | U.S. Bank Average |
|---|---|
| 11.02% | 10.76% |
Truist Bank has a Capitalization of 11.02% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Truist Bank Balance Sheet Analysis
As of December 31, 2023, Truist Bank had assets of $527,530,000,000, loans of $308,422,000,000, and deposits of $407,515,000,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 30.50 billion |
| Interest-bearing balances | $ 25.49 billion |
| Total securities | $ 121.45 billion |
| Federal funds sold and reverse repurchase | $ 163.00 million |
| Net loans and leases | $ 308.42 billion |
| Loan loss allowance | $ 4.79 billion |
| Trading account assets | $ 2.78 billion |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 139.00 million |
| Goodwill and other intangibles | $ 27.03 billion |
| All other assets | $ 28.61 billion |
| Total Assets | $ 469.39 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 407.52 billion |
| Interest-bearing deposits | $ 295.60 billion |
| Deposits held in domestic offices | $ 407.52 billion |
| % insured (estimated) | 57.98% |
| Federal funds purchased and repurchase agreements | $ 1,500.00 million |
| Trading liabilities | $ 2.75 billion |
| Other borrowed funds | $ 17.70 billion |
| Subordinated debt | $ 4.77 billion |
| All other liabilities | $ 10.83 billion |
| Total Liabilities | $ 469.39 billion |
| Shareholders’ Equity | $ 58.14 billion |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 24.22 billion |
| Total Interest Expense | $ 9.06 billion |
| Net interest income | $ 15.16 billion |
| Provision for loan and lease losses | $ 2.11 billion |
| Total non interest income | $ 7.51 billion |
| Total non interest expense | $ 20.21 billion |
| Pre-tax Net Operating Income | $ 3.46 billion |
Bank Loan Profile?
The top three loan types in Truist Bank’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Commercial Real Estate.
Compared to other banks in North Carolina, Truist Bank has a significantly higher percent of Consumer Auto Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 21.02 | ✓ | ||
| Multifamily Mortgages |
1.42 | ✓ | ||
| Credit Card Loans | 1.05 | ✓ | ||
| Consumer Auto Loans | 8.52 | ✓ | ||
| Small Business Loans | 1.05 | ✓ | ||
| Construction and Development Loans | 2.58 | ✓ | ||
| Commercial Real Estate | 12.92 | ✓ | ||
| Commercial and Industrial Loans | 25.03 | ✓ | ||
| Farm Loans | 0.12 | ✓ | ||
Customer Reviews for Truist Bank
Customer
July 28, 2022
Not at all happy with Truist compared to BB+T. New transaction policy makes them painfully slow. Paying .01 % interest on money market accounts, 13 week T Bill's are around $2.5%.I hope that they are enjoying the virtually free money they are getting to use.
Is this review helpful? Yes:4 / No: 1
Anne
May 4, 2022 |
I have been a customer with BB&T for more than 15 years. Acct taken over by Truist. They are now charging my credit card 75% of my card payment with no notice. I have 823 credit rating; more than 90k in my checking account; have never been late ever. If
the
Is this review helpful? Yes:2 / No: 0
Concerned citizen
August 3, 2020
I use bb&t in Tifton, Ga and the drive thru is terrible. The lobby closed with the Covid outbreak so now the drive thru is your only option. If you are a business needing change you have to go to lane 1. I have sat in line for over an hour more than once. There is no reason or excuse for a bank taking this long. If my company would take my recommendation into consideration we would change banks.
Is this review helpful? Yes:3 / No: 0
Concerned citizen
August 3, 2020
I use bb&t in Tifton, Ga and the drive thru is terrible. The lobby closed with the Covid outbreak so now the drive thru is your only option. If you are a business needing change you have to go to lane 1. I have sat in line for over an hour more than once. There is no reason or excuse for a bank taking this long. If my company would take my recommendation into consideration we would change banks.
Is this review helpful? Yes:3 / No: 0
Concerned citizen
August 3, 2020
I use bb&t in Tifton, Ga and the drive thru is terrible. The lobby closed with the Covid outbreak so now the drive thru is your only option. If you are a business needing change you have to go to lane 1. I have sat in line for over an hour more than once. There is no reason or excuse for a bank taking this long. If my company would take my recommendation into consideration we would change banks.
Is this review helpful? Yes:2 / No: 0
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