Truist Financial
37 named things its latest annual report says its results depend on, each in the company's own words. 28 of them are also named by other companies we've read.
Customers
Fannie Mae (FNMA)
earns fromnamed as a riskTruist also bears a risk of loss from borrower defaults for multi-family commercial mortgage loans sold to FNMA.Risk factors (Item 1A)
Also named by ABR, AGNC, BAC, CBRE, DX, FICO, FSUN, JLL and 7 more
Government-sponsored enterprises (GSEs)
earns fromnamed as a riskThe GSEs could limit their purchases of conforming loans due to capital constraints or other changes in their eligibility criteria for conforming loans, such as maximum loan amounts or borrower eligibility.Risk factors (Item 1A)
Suppliers
Cloud service providers
depends onnamed as a riskThe Company’s substantial and increasing reliance on cloud service providers and other external technology vendors heightens exposure to risks outside of its control, including system outages, downtime, cyber-attacks, and adverse financial and operating conditions at those providers and vendors.Risk factors (Item 1A)
Also named by ALLY, BAC, BX, C, EFX, HLT, IDXX, LNC and 5 more
Partners and platforms
Payment card networks
depends onnamed as a riskAs a result, the Company has incurred, and expects to continue to incur, losses related to the reimbursement of clients for fraudulent transactions and other costs associated with data security incidents affecting these platforms and networks.Risk factors (Item 1A)
Financial Services Information Sharing and Analysis Center
In addition, as a key part of our Corporate Information Security Program, Truist participates in the federally recognized Financial Services Information Sharing and Analysis Center, as well as other industry organizations and initiatives that promote industry best practices, such as harmonized cybersecurity standards, cybersecurity readiness, and secure consumer financial data sharing.Cybersecurity (Item 1C)
Also named by FITB
Other companies
Goodwill impairment
$6.1 billionnamed as a riskThe Company incurred a $6.1 billion non-cash, nondeductible goodwill impairment charge for the year ended December 31, 2023 based on the carrying values of certain reporting units being in excess of their respective fair values.Risk factors (Item 1A)
Also named by CNC
Indirect auto and credit card loans
insures or lends tonamed as a riskWe have a significant consumer loan portfolio, including indirect auto and credit card loans, which may present higher credit risks during economic downturns and market fluctuations.Risk factors (Item 1A)
Truist Bank dividends to Parent Company
depends onnamed as a riskIf Truist Bank were subject to financial stress, its dividends to the Parent Company could be reduced or eliminated in order to support Truist Bank’s capital position or its satisfaction of other regulatory requirements.Risk factors (Item 1A)
Competitors
Places
Florida
concentrated in · 22%Florida 22% 4th 441Business (Item 1)
Also named by ABR, ALLY, AN, AXP, AZO, BBY, BJ, BRO and 54 more
Georgia
concentrated in · 21Georgia 21 1st 202Business (Item 1)
Also named by ABR, ACHR, AXP, BRO, CNC, ELV, IMKTA, MKL and 7 more
North Carolina
concentrated in · 13North Carolina(1) 13 2nd 276Business (Item 1)
Also named by ABR, AUB, DUK, FCNCA, FHN, GLW, IMKTA, MLM and 5 more
Hazards
Hurricanes (Gulf and Atlantic coasts)
concentrated innamed as a riskTruist has significant operations and clients along the Gulf and Atlantic coasts as well as other regions of the U.S., which could be adversely impacted by hurricanes, wildfires, flooding, tornadoes, and other severe weather.Risk factors (Item 1A)
Also named by AIG, AN, ASO, BAC, BBY, BJ, BPOP, BRO and 89 more
Commodities and inputs
Regulators
Consumer Financial Protection Bureau (CFPB)
subject tonamed as a riskCFPB regulations and supervisory actions may impact Truist or Truist Bank, including by reducing the fees that Truist and Truist Bank receive, altering the way products and services are provided, or increasing the risk of private litigation or regulatory enforcement action.Business (Item 1)
Also named by ABNB, AFRM, ALLY, AN, AUB, AXP, BAC, CASH and 61 more
Federal Deposit Insurance Corporation (FDIC)
subject tonamed as a riskTruist Bank, a North Carolina state-chartered commercial bank that is not a member of the Federal Reserve System, is subject to regulation and supervision by the NCCOB and the FDIC.Business (Item 1)
Also named by AFRM, BAC, BNY, CASH, CFG, CFR, COF, FCFS and 27 more
Federal Reserve Board (FRB)
subject tonamed as a riskTruist Financial Corporation, a BHC that has elected to be an FHC, is subject to the BHCA and consolidated regulation and supervision by the FRB.Business (Item 1)
Also named by ALLY, AMP, BPOP, C, CFG, CFR, CME, COMP and 9 more
North Carolina Commissioner of Banks (NCCOB)
subject tonamed as a riskThe NCCOB also has the authority to take possession of a North Carolina state bank in certain circumstances, including when it appears that the bank has violated its charter or applicable law, is conducting its business in an unauthorized or unsafe manner, is in an unsafe or unsound condition to transact its business, or has an impairment of its capital stock.Business (Item 1)
Commodity Futures Trading Commission (CFTC)
subject toTruist Bank is registered with the CFTC as a swap dealer and is registered with the SEC as a security-based swap dealer, subjecting Truist Bank to the CFTC’s and SEC’s regulatory regimes.Business (Item 1)
Also named by AB, ADM, AGNC, AMG, BAC, BGC, BMNR, C and 35 more
Laws and programs
Stress Capital Buffer (SCB)
subject to · 2.5%named as a riskThe FRB has assigned Truist an SCB of 2.5%, which was effective from October 1, 2025 to September 30, 2026, when a revised SCB ordinarily would be provided to Truist.Business (Item 1)
FDIC special assessment
subject tonamed as a riskThe FDIC implemented a special assessment to recoup losses to the DIF associated with the large bank failures in 2023.Business (Item 1)
Also named by BPOP, CFG, CFR, CUBI, EFSC, EWBC, FCNCA, GBCI and 10 more
Comprehensive Capital Analysis and Review (CCAR)
subject tonamed as a riskUnder the FRB’s CCAR process and related capital plan rule, Truist must submit an annual capital plan to the FRB that reflects its projected financial performance under hypothetical macro-economic scenarios, including stress scenarios designed by Truist and a supervisory severely adverse scenario provided by the FRB.Business (Item 1)
Regulation II (debit interchange)
subject tonamed as a riskIn 2023, the FRB proposed but has not yet finalized revisions to Regulation II that would lower the interchange fee cap applicable to Truist Bank, which may result in reduced interchange fee revenue.Business (Item 1)
Long-term debt and clean holding company proposal
subject tonamed as a riskThis proposal would also impose a long-term debt requirement on certain categories of IDIs, including IDIs with $100 billion or more in total assets, such as Truist Bank.Business (Item 1)
Illinois Interchange Fee Prohibition Act
subject tonamed as a riskThe Illinois Interchange Fee Prohibition Act prohibits credit and debit card issuers, payment card networks, acquirer banks, and processors from receiving or charging an Illinois merchant any interchange fees on the gratuity and state and local tax portions of the transactions.Business (Item 1)
Basel III capital proposal (U.S. banking agencies)
subject tonamed as a riskIn July 2023, the U.S. banking agencies issued a proposal to revise the risk-based capital standards applicable to Truist and Truist Bank.Business (Item 1)
Also named by KEY
Category III banking organization tailoring rules
subject tonamed as a riskUnder tailoring rules adopted by the U.S. banking agencies, Truist is subject to the standards and requirements applicable to Category III banking organizations, which generally include BHCs with greater than $250 billion, but less than $700 billion, in total consolidated assets and less than $75 billion in certain risk-related exposures.Business (Item 1)
CFPB open banking rule (Section 1033)
subject tonamed as a riskThe rule also requires data providers holding a consumer account, such as Truist Bank, to establish a developer interface satisfying certain data security specifications and other standards, through which the data provider can receive requests for and provide specific types of data covered by the rule in electronic, usable form to authorized third parties such as data aggregators.Business (Item 1)
Federal Reserve System quantitative tightening
named as a riskFor example, in 2025, maintaining and growing client deposits continued to be challenging as the Federal Reserve System reduced the size of its balance sheet through quantitative tightening.Risk factors (Item 1A)
Bank Secrecy Act / OFAC sanctions
subject tonamed as a riskGiven the rapid development and cross-border nature of these criminal activities that are enabled by evolving technologies, any failure to adapt and modernize our BSA/AML compliance program, processes, and procedures may result in material compliance gaps, adverse enforcement actions, and civil and legal penalties.Risk factors (Item 1A)
Community Reinvestment Act (CRA)
subject toFor its most recent CRA examination period, Truist Bank received the highest possible overall rating of “Outstanding” from the FDIC.Business (Item 1)
Also named by ALLY, AMP, AUB, CFG, CFR, EFSC, EWBC, FCNCA and 20 more
Volcker Rule
subject toTruist is prohibited under the Volcker Rule from (i) engaging in proprietary trading of certain securities and (ii) having certain ownership interests in and relationships with covered private funds.Business (Item 1)
Also named by AMP, BAC, GS, HBAN, MS, NTRS, PNC, RJF and 5 more
New York Department of Financial Services Cybersecurity Regulation
subject toMoreover, the New York Department of Financial Services Cybersecurity Regulation is driving significant cybersecurity compliance activities for covered Truist entities.Business (Item 1)
Technology
Stablecoins and digital assets
competes withnamed as a riskFor example, deposits and other traditional banking products could be significantly disrupted by an increase in the adoption and use of digital assets, stablecoins, cryptocurrencies, tokenization, and similar products, services, and technologies that enable financial services and transactions without or with less intermediation by commercial banks.Risk factors (Item 1A)