Truist Financial Corporation (NYSE:TFC) BancAnalysts Association of Boston Conference Call November 7, 2024 8:55 AM ET
Company Participants
Donta Wilson – Head, Consumer and Small Business Banking
Conference Call Participants
Terence McEvoy – Stephens Inc.
Mike Mayo – Wells Fargo
Terence McEvoy
Good morning, everyone. Next up, we have Truist Financial Corporation. As most know, Truist was formed in December of 2019 as a result of the merger between SunTrust and BB&T. Company headquartered in Charlotte, North Carolina. Assets today, $520 billion, deposits $385 billion. And I should mention Truist has a top 5 market share in 23 out of its 25 largest MSAs.
From a starting point of 12% to 13%, the company now has a mid-teens, medium-term ROTCE target. Representing the company today, to my left, is Donta Wilson, Head of Consumer and Small Business Banking. He leads 20,000 teammates who serve retail, premier and small business clients through digital banking, virtual service centers and more than 1,900 community banking branches. Additionally, he oversees core deposit and loan products, including mortgage, auto and Truist national consumer lending businesses. He is also a member of the operating council and was named to the executive leadership team in 2016.
Donta will start with the presentation, and then we’ll move on to Q&A.
Donta Wilson
Good morning, and thank you, Terry, for that wonderful introduction. Thank you, Gerard and BAAB for hosting us this year at the conference.
Before I get started, I’d like to note that our presentation today will include forward-looking statements and certain non-GAAP financial measures. Please review the disclosures on Slides 2 and 3 of the presentation regarding these statements and measures as well as the appendix for the appropriate reconciliations to GAAP.
So let’s start today by talking about our purpose. Our purpose is to inspire and
