Truist Financial Corporation (TFC) BancAnalysts Association of Boston Conference (Transcript)

Company Overview - Truist Financial Corporation was formed in December 2019 from the merger of SunTrust and BB&T, headquartered in Charlotte, North Carolina [1] - The company currently has assets totaling $520 billion and deposits of$385 billion, holding a top 5 market share in 23 out of its 25 largest Metropolitan Statistical Areas (MSAs) [1] Financial Targets - The company has set a medium-term Return on Tangible Common Equity (ROTCE) target in the mid-teens, an increase from a previous target range of 12% to 13% [2] Leadership and Operations - Donta Wilson, Head of Consumer and Small Business Banking, leads a team of 20,000 employees serving retail, premier, and small business clients through various channels including digital banking and over 1,900 community banking branches [2] - Wilson oversees core deposit and loan products, including mortgage, auto, and national consumer lending businesses, and is a member of the operating council [2]