Truist Bank

Headquarters

214 N Tryon St
Charlotte, NC 28202
See all branch locations →

ACH 057000668

Phone 800 226 5228

Notable Rates APY Vs.Others
Savings 0.01% 5.50% →
1-Year CD N.A. 5.50% →
2-Year CD N.A. 5.00% →
5-Year CD N.A. 4.61% →
30-Year Mortgage 7.17% 0.00% →
15-Year Mortgage 7.95% 0.00% →
HELOC 6.49% 0.99% →

2024 Overview

General Bank Information

Truist Bank is an FDIC insured institution located in Charlotte, NC. It was founded in 1872 and has approximately $535 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 $ 535.00 billion
Loans $ 312.33 billion
Deposits $ 411.70 billion
Capital $ 61.78 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 - February 26, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Truist One Savings
0.01% $1 - Learn More
Money Market
0.01% $100,000 - Learn More


Checking Rates APY MIN FEE
Truist One Checking Account 0.00% $1,500 $12.00 Learn MoreShow Less
Truist Confidence Account 0.01% $500 $5.00 Learn MoreShow Less
 

Loan Rates - February 26, 2024

Your Current Location: Virginia, VA 20146

Auto Loan Rates APR Rate Monthly Payment
7 Year 4.46% 4.46% $347.04
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

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:
Ashburn,Virginia


Truist Bank Locations



Climate Initiatives

Truist Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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
3.38% 4.13%

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 September 30, 2023, Truist Bank had $2,101,000,000 in non-current loans and $143,000,000 in owned real estate. To cover these potential losses it had $61,776,000,000 in equity and $4,689,000,000 in loans loss reserves. That gives it a Texas Ratio of 3.38%.

Return on Equity
Truist Bank U.S. Bank Average
9.31% 26.02%

Truist Bank has a Return on Equity of 9.31% versus the BestCashCow average of 26.02%. 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
11.55% 10.23%

Truist Bank has a Capitalization of 11.55% versus the BestCashCow average of 10.23. 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 September 30, 2023, Truist Bank had assets of $535,000,000,000, loans of $312,325,000,000, and deposits of $411,700,000,000. 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

September 30, 2023
ASSETS
Cash & Balances due from depository institutions $ 29.71 billion
Interest-bearing balances $ 24.59 billion
Total securities $ 120.02 billion
Federal funds sold and reverse repurchase $ 190.00 million
Net loans and leases $ 312.33 billion
Loan loss allowance $ 4.69 billion
Trading account assets $ 2.60 billion
Bank premises and fixed assets N.A.
Other real estate owned $ 143.00 million
Goodwill and other intangibles $ 33.39 billion
All other assets $ 28.61 billion
     Total Assets $ 473.22 billion
LIABILITIES
Total deposits $ 411.70 billion
      Interest-bearing deposits $ 294.65 billion
      Deposits held in domestic offices $ 411.70 billion
      % insured (estimated) 60.66%
Federal funds purchased and repurchase agreements $ 1,500.00 million
Trading liabilities $ 3.64 billion
Other borrowed funds $ 17.70 billion
Subordinated debt $ 4.74 billion
All other liabilities $ 10.83 billion
      Total Liabilities $ 473.22 billion
      Shareholders’ Equity $ 61.78 billion

Summary Income Statement

September 30, 2023
INCOME AND EXPENSES
Total Interest Income $ 18.01 billion
Total Interest Expense $ 6.55 billion
Net interest income $ 11.47 billion
Provision for loan and lease losses $ 1,534.00 million
Total non interest income $ 5.65 billion
Total non interest expense $ 10.26 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 20.75
Multifamily
Mortgages
1.41
Credit Card Loans 1.04
Consumer Auto Loans 8.41
Small Business Loans 1.08
Construction and Development Loans 2.55
Commercial Real Estate 12.76
Commercial and Industrial Loans 24.72
Farm Loans 0.12

Customer Reviews for Truist Bank


  • 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.

  • 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

  • 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.

  • 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.

  • 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.


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