Truist Bank
Charlotte, North Carolina, Mecklenburg County
$548B in total assets, the 9th largest of 4,309 US banks and 2nd of 39 headquartered in North Carolina.
- FDIC certificate
- 9846
- Established
- 1872
- Owned by
- Truist Financial Corp
- Primary regulator
- FDIC
- Website
- www.Truist.com
At a glance
Compared with 31 US banks with over $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $548B | 74% | $251B | |
| Loans | $332B | 77% | $144B | |
| Deposits | $419B | 74% | $212B | |
| Return on assets | 1.12% | 32% | 1.22% | |
| Net interest margin | 3.14% | 48% | 3.14% | |
| Efficiency ratio | 53.0% | 32% | 54.8% | |
| Equity to assets | 11.48% | 71% | 9.69% | |
| Loans to deposits | 79% | 64% | 73% |
Growth
Total assets grew 1.4% a year over the last 5 years and 9.7% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Dec 2019 | SunTrust Bank Atlanta, GA | $221B |
| Apr 2016 | National Penn Bank Allentown, PA | $9.6B |
| Aug 2015 | Susquehanna Bank Lititz, PA | $18.5B |
| Jun 2015 | The Bank of Kentucky, Inc. Crestview Hills, KY | $1.9B |
| Jan 2013 | BB&T Financial, FSB Columbus, GA, an affiliate under the same holding company | $2.8B |
| Aug 2012 | BankAtlantic Fort Lauderdale, FL | $3.8B |
| Aug 2009 | Colonial Bank Montgomery, AL | $25.5B |
| Dec 2008 | Haven Trust Bank Duluth, GA | $560M |
| Aug 2007 | Coastal Federal Bank Myrtle Beach, SC, an affiliate under the same holding company | $1.8B |
| Dec 2006 | Branch Banking and Trust Company of South Carolina Greenville, SC, an affiliate under the same holding company | $7.4B |
| Dec 2006 | Branch Banking and Trust Company of Virginia Richmond, VA, an affiliate under the same holding company | $24.8B |
| Nov 2006 | The Bank/First Citizens Bank Cleveland, TN, an affiliate under the same holding company | $573M |
| Nov 2006 | The Home Bank of Tennessee Maryville, TN, an affiliate under the same holding company | $126M |
| Nov 2006 | The Home Bank Ducktown, TN, an affiliate under the same holding company | $119M |
| Sep 2006 | Main Street Bank Covington, GA, an affiliate under the same holding company | $2.6B |
| Jun 2004 | Republic Bank Saint Petersburg, FL | $2.9B |
| Oct 2003 | Farmers Bank of Maryland Annapolis, MD, an affiliate under the same holding company | $1.6B |
| Oct 2003 | Atlantic Bank Ocean City, MD, an affiliate under the same holding company | $295M |
| Mar 2003 | Equitable Bank Wheaton, MD | $461M |
| Nov 2002 | First South Bank Tallahassee, FL, an affiliate under the same holding company | $1.6B |
| Sep 2002 | Bank of Louisville Louisville, KY, an affiliate under the same holding company | $1.8B |
| Jul 2002 | Area Trust Company Owensboro, KY | n/a |
| Jul 2002 | Area Bank Owensboro, KY, an affiliate under the same holding company | $2.5B |
| Jul 2002 | The Vine Street Trust Company Owensboro, KY, an affiliate under the same holding company | $334M |
| May 2002 | Community First Bank Carrollton, GA, an affiliate under the same holding company | $557M |
| Mar 2002 | F & M Bank-West Virginia, Inc. Ranson, WV, an affiliate under the same holding company | $224M |
| Mar 2002 | F&M Bank - Maryland, Inc. Bethesda, MD, an affiliate under the same holding company | $234M |
| Nov 2001 | Century South Bank of Fannin County, National Association Blue Ridge, GA, an affiliate under the same holding company | $89M |
| Nov 2001 | Century South Bank of Dahlonega Dahlonega, GA, an affiliate under the same holding company | $140M |
| Nov 2001 | Century South Bank of Danielsville Danielsville, GA, an affiliate under the same holding company | $72M |
| Nov 2001 | Century South Bank of Ellijay Ellijay, GA, an affiliate under the same holding company | $88M |
| Nov 2001 | Century South Bank of the Coastal Region, National Association Savannah, GA, an affiliate under the same holding company | $226M |
| Nov 2001 | Century South Bank of Northeast Georgia, National Association Gainesville, GA, an affiliate under the same holding company | $510M |
| Nov 2001 | Century South Bank of Lavonia Lavonia, GA, an affiliate under the same holding company | $55M |
| Nov 2001 | Century South Bank of Alabama Oxford, AL, an affiliate under the same holding company | $92M |
| Nov 2001 | Century South Bank of the Carolinas Waynesville, NC, an affiliate under the same holding company | $147M |
| Nov 2001 | Century South Bank of Dawsonville Dawsonville, GA, an affiliate under the same holding company | $83M |
| Nov 2001 | Century South Bank of Central Georgia, National Association Macon, GA, an affiliate under the same holding company | $307M |
| Nov 2001 | Century South Bank of Polk County Copperhill, TN, an affiliate under the same holding company | $92M |
| Jul 2001 | The First National Bank and Trust Company Athens, Tennessee Athens, TN, an affiliate under the same holding company | $226M |
| Jul 2001 | BankFirst Knoxville, TN, an affiliate under the same holding company | $793M |
| May 2001 | First National Bank of Northwest Georgia Calhoun, GA, an affiliate under the same holding company | $212M |
| May 2001 | Hardwick Bank & Trust Company Dalton, GA, an affiliate under the same holding company | $362M |
| May 2001 | First Bulloch Bank & Trust Company Statesboro, GA, an affiliate under the same holding company | $207M |
| May 2001 | Metter Banking Company Metter, GA, an affiliate under the same holding company | $114M |
| May 2001 | First National Bank of Effingham Springfield, GA, an affiliate under the same holding company | $65M |
| May 2001 | Wayne National Bank Jesup, GA, an affiliate under the same holding company | $58M |
| Mar 2001 | FCNB Bank Frederick, MD | $1.6B |
| Nov 2000 | One Valley Bank, National Association Charleston, WV, an affiliate under the same holding company | $2.3B |
| Nov 2000 | One Valley Bank - North, Inc. Moundsville, WV, an affiliate under the same holding company | $270M |
| Nov 2000 | One Valley Bank of Huntington Huntington, WV, an affiliate under the same holding company | $229M |
| Nov 2000 | One Valley Bank of Mercer County, Inc. Princeton, WV, an affiliate under the same holding company | $330M |
| Nov 2000 | One Valley Bank-East, National Association Martinsburg, WV, an affiliate under the same holding company | $472M |
| Nov 2000 | One Valley Bank - South, Inc. Summersville, WV, an affiliate under the same holding company | $462M |
| Nov 2000 | One Valley Bank, Inc. Morgantown, WV, an affiliate under the same holding company | $961M |
| Jul 2000 | Premier Bank Atlanta, GA, an affiliate under the same holding company | $1.6B |
| Jul 2000 | Bank Atlanta Decatur, GA, an affiliate under the same holding company | $92M |
| Jul 2000 | First Citizens Bank Newnan, GA, an affiliate under the same holding company | $259M |
| Jul 2000 | First Citizens Bank Fayetteville, GA, an affiliate under the same holding company | $187M |
| Jul 2000 | Milton National Bank Roswell, GA, an affiliate under the same holding company | $209M |
| Jul 2000 | Farmers & Merchants Bank Summerville, GA, an affiliate under the same holding company | $215M |
| May 2000 | First Liberty Bank Macon, GA, an affiliate under the same holding company | $1.8B |
| Apr 2000 | Matewan Bank, FSB Pikeville, KY, an affiliate under the same holding company | $46M |
| Apr 2000 | The Matewan National Bank Williamson, WV, an affiliate under the same holding company | $733M |
| Mar 2000 | Bank of Maryland Towson, MD, an affiliate under the same holding company | $375M |
| Mar 2000 | Carroll County Bank and Trust Company Westminster, MD, an affiliate under the same holding company | $805M |
| Jul 1999 | Commerce Bank Corporation College Park, MD, an affiliate under the same holding company | $93M |
| Feb 1999 | Franklin National Bank of Washington, D.C. Washington, DC, an affiliate under the same holding company | $801M |
| Nov 1998 | Maryland Federal Bank Hyattsville, MD | $1.3B |
| Sep 1997 | United Carolina Bank Whiteville, NC | $4.1B |
| May 1995 | Southern National Bank of North Carolina Lumberton, NC, an affiliate under the same holding company | $5.7B |
| May 1995 | SNB Savings Bank, Inc., SSB Valdese, NC, an affiliate under the same holding company | $321M |
| Sep 1994 | Mutual Savings Bank of Rockingham County, SSB Reidsville, NC | $87M |
| Sep 1994 | Citizens Savings Bank, SSB Mooresville, NC | $62M |
| Aug 1994 | Citizens Savings Bank, SSB, Inc. Newton, NC | $247M |
| Feb 1994 | Old Stone Bank of North Carolina, A FSB High Point, NC | $561M |
| Aug 1993 | Edenton Savings and Loan Association Edenton, NC | $44M |
| Aug 1993 | Carolina Savings Bank Wilmington, NC | $144M |
| Jun 1993 | 1ST Home Federal Savings and Loan Association of the Carolinas FA Greensboro, NC | $657M |
| May 1993 | Security Federal Savings Bank Durham, NC | $312M |
| Mar 1993 | First Financial Savings Bank, Inc. Kinston, NC | $335M |
| Jul 1992 | Peoples Federal Savings Bank of Thomasville Thomasville, NC | $112M |
| Apr 1992 | Gate City Federal Savings Bank Greensboro, NC | $494M |
| Nov 1991 | Albemarle Savings and Loan Association Elizabeth City, NC | $99M |
| Sep 1991 | BB&T Savings Bank of Durham, Inc. Durham, NC | $239M |
| Sep 1991 | BB&T Federal Savings Bank of High Point High Point, NC | $231M |
| Sep 1991 | BB&T Federal Savings Bank of Pitt County Greenville, NC | $153M |
| Jul 1984 | The Carolina Bank Sanford, NC | $271M |
| Jul 1984 | Bank of Alamance Graham, NC | $33M |
| Jun 1983 | City National Bank Charlotte, NC | n/a |
| Oct 1981 | Independence National Bank Gastonia, NC | n/a |
| Oct 1980 | Edgecombe Bank & Trust Company Tarboro, NC | n/a |
| Dec 1976 | The Citizens Bank of Warrenton Warrenton, NC | n/a |
| Jun 1976 | The Bank of Matthews Matthews, NC | n/a |
| Dec 1970 | Bank of Statesville Statesville, NC | n/a |
Where they operate
1930 branches in 466 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Mecklenburg County, NC | $77.2B | 19.0% | 2 of 35 |
| Fulton County, GA | $44.3B | 32.8% | 1 of 46 |
| Fairfax County, VA | $14.5B | 12.5% | 2 of 38 |
| Broward County, FL | $9.8B | 13.8% | 3 of 43 |
| Orange County, FL | $8.7B | 19.8% | 1 of 40 |
| Miami-dade County, FL | $7.8B | 3.7% | 7 of 58 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 197 branches since 2016 (2,127 to 1,930, −9.3%). 73 opened, 1,285 acquired, 1,555 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 2,127 | |||
| 2016 | Acquired National Penn BankOpened 27 in 8 states, closed 82 in 12 states | 155 | 82 | +73 | 2,200 |
| 2017 | Opened Blue AshClosed 148 in 14 states | 1 | 148 | −147 | 2,053 |
| 2018 | Opened HoustonClosed 172 in 13 states | 1 | 172 | −171 | 1,882 |
| 2019 | Acquired SunTrust BankOpened 15 in 6 states, closed 94 in 13 states | 1172 | 94 | +1078 | 2,960 |
| 2020 | Opened 5 in 3 statesClosed 149 in 14 states | 5 | 149 | −144 | 2,816 |
| 2021 | Sold 30 branches to First Horizon BankOpened Miami and Ponte Vedra Beach, closed 266 in 13 states | 2 | 296 | −294 | 2,522 |
| 2022 | Opened 20 in 4 statesClosed 416 in 13 states | 20 | 416 | −396 | 2,126 |
| 2023 | Opened HoustonClosed 123 in 14 states | 1 | 123 | −122 | 2,004 |
| 2024 | Closed 73 in 16 states | 0 | 73 | −73 | 1,931 |
| 2025 | Opened WoodbridgeClosed Vienna and Woodbridge | 1 | 2 | −1 | 1,930 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Business (C&I) | 23% | 18% | |
| 1-4 family residential | 21% | 19% | |
| Consumer | 17% | 20% | |
| Commercial real estate | 10% | 7% | |
| Multifamily | 3% | 3% | |
| Construction and land | 2% | 2% | |
| Other | 24% | 31% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 65% | 72% | |
| Noninterest-bearing | 25% | 15% | |
| Time deposits | 10% | 13% |
Brokered deposits are 6.4% of deposits (peers 7.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.70% | 0.86% |
| Net charge-offs, annualized | 0.55% | 0.35% |
| Reserves to loans | 1.50% | 1.39% |
| Leverage ratio | 9.82% | 9.39% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in North Carolina
Largest competitors in Mecklenburg County, NC
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/truist