Truist Financial Management

Management criteria checks 2/4

Truist Financial's CEO is Bill Rogers, appointed in Sep 2021, has a tenure of 3.17 years. total yearly compensation is $12.04M, comprised of 10% salary and 90% bonuses, including company stock and options. directly owns 0.086% of the company’s shares, worth MX$1.12B. The average tenure of the management team and the board of directors is 1.8 years and 10.8 years respectively.

Key information

Bill Rogers

Chief executive officer

US$12.0m

Total compensation

CEO salary percentage	10.0%
CEO tenure	3.2yrs
CEO ownership	0.09%
Management average tenure	1.8yrs
Board average tenure	10.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bill Rogers's remuneration changed compared to Truist Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$6b
Jun 30 2024	n/a	n/a	-US$7b
Mar 31 2024	n/a	n/a	-US$2b
Dec 31 2023	US$12m	US$1m	-US$1b
Sep 30 2023	n/a	n/a	US$5b
Jun 30 2023	n/a	n/a	US$6b
Mar 31 2023	n/a	n/a	US$6b
Dec 31 2022	US$13m	US$1m	US$6b
Sep 30 2022	n/a	n/a	US$6b
Jun 30 2022	n/a	n/a	US$6b
Mar 31 2022	n/a	n/a	US$6b
Dec 31 2021	US$10m	US$1m	US$6b
Sep 30 2021	n/a	n/a	US$6b
Jun 30 2021	n/a	n/a	US$5b
Mar 31 2021	n/a	n/a	US$5b
Dec 31 2020	US$9m	US$1m	US$4b
Sep 30 2020	n/a	n/a	US$4b
Jun 30 2020	n/a	n/a	US$3b
Mar 31 2020	n/a	n/a	US$3b
Dec 31 2019	US$4m	US$78k	US$3b

Compensation vs Market: Bill's total compensation ($USD12.04M) is above average for companies of similar size in the MX market ($USD5.75M).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.

CEO

Bill Rogers (66 yo)

3.2yrs

Tenure

US$12,037,646

Compensation

Mr. William Henry Rogers, Jr., also known as Bill, is Executive Chairman of Truist Financial Corporation since March 12, 2022 and serves as its Chief Executive Officer since September 12, 2021. He served a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William Rogers	Executive Chairman & CEO	3.2yrs	US$12.04m	0.086% MX$ 1.1b
Michael Maguire	Senior EVP & CFO	2.2yrs	US$3.60m	0.0057% MX$ 73.9m
Hugh Cummins	Vice Chair & Chief Operating Officer	less than a year	US$6.52m	0.028% MX$ 361.3m
Donta Wilson	Senior EVP & Chief Consumer and Small Business Banking Officer	8.3yrs	US$4.66m	0.0034% MX$ 44.5m
Steve Hagerman	Chief Information Officer	less than a year	no data	no data
Bradley Milsaps	Head of Investor Relations	no data	no data	no data
Scott Stengel	Senior EVP	less than a year	no data	no data
Scott Stanzel	Executive VP & Chief Communications Officer	2.1yrs	no data	no data
Jodie Hughes	Director of Regional Commercial Real Estate & President of Washington Region	11.8yrs	no data	no data
William Toomey	Regional President of Houston & Central Texas	1.8yrs	no data	no data
Calvin Barker	Regional President of Tri-States for Kentucky	1.8yrs	no data	no data
Travis Rhodes	Regional President of Pennsylvania & New Jersey	1.8yrs	no data	no data

1.8yrs

Average Tenure

53yo

Average Age

Experienced Management: TFC *'s management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
William Rogers	Executive Chairman & CEO	13.8yrs	US$12.04m	0.086% MX$ 1.1b
Thomas Skains	Lead Independent Director	15.4yrs	US$338.83k	0.0024% MX$ 31.3m
Dallas Clement	Independent Director	9.8yrs	US$318.83k	0.00022% MX$ 2.9m
Steven Voorhees	Independent Director	6.8yrs	US$318.83k	0.0046% MX$ 59.9m
Donna Morea	Independent Director	12.8yrs	US$333.83k	0.0030% MX$ 38.7m
K. Boyer	Independent Director	15.1yrs	US$308.83k	0.0011% MX$ 14.7m
Jennifer Banner	Independent Director	21.6yrs	US$288.83k	0.0021% MX$ 27.5m
Agnes Bundy Scanlan	Independent Director	7.8yrs	US$318.83k	0.00047% MX$ 6.1m
Bruce Tanner	Independent Director	9.8yrs	US$288.83k	0.00088% MX$ 11.5m
Linnie Haynesworth	Independent Director	4.9yrs	US$288.83k	0.00022% MX$ 2.9m
Charles Patton	Independent Director	11.8yrs	US$318.83k	0.0055% MX$ 71.5m
Laurence Stein	Independent Director	less than a year	no data	no data

10.8yrs

Average Tenure

66.5yo

Average Age

Experienced Board: TFC *'s board of directors are seasoned and experienced ( 10.8 years average tenure).

Truist Financial Management

Management criteria checks 2/4

Key information

Recent management updates

Truist Financial Corporation Announces Executive Changes

Insufficient new directors

Truist Financial Corporation Hires Kerry Jessani as Head of Mid-Corporate Banking

Insufficient new directors

Truist Financial Corporation Appoints Steve Hagerman as Chief Information Officer, Effective October 28, 2024

Truist Financial Corporation Approves Appointments of Directors

Recent updates

Truist Financial Corporation Announces Executive Changes

Insufficient new directors

Truist Financial Corporation Hires Kerry Jessani as Head of Mid-Corporate Banking

Truist Financial Corporation Declares A Regular Quarterly Cash Dividend, Payable on December 2, 2024

Truist Financial Corporation Unveils Comprehensive Electronic Bill Presentment and Payment Solution to Accelerate Cash Flow and Enhance Client Satisfaction

Truist Financial Corporation to Report Q3, 2024 Results on Oct 17, 2024

Insufficient new directors

Truist Financial Corporation Appoints Steve Hagerman as Chief Information Officer, Effective October 28, 2024

Truist Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on September 3, 2024

Guardian Capital LLC completed the acquisition of Sterling Capital Management LLC from Truist Financial Corporation.

Truist Financial Corporation (NYSE:TFC) announces an Equity Buyback for $5,000 million worth of its shares.

Truist Financial Corporation to Report Q2, 2024 Results on Jul 22, 2024

Stone Point Capital LLC, Clayton, Dubilier & Rice, LLC, Mubadala Investment Company PJSC and other co-investors completed the acquisition of remaining stake in Truist Insurance Holdings, LLC from Truist Financial Corporation (NYSE:TFC).

Truist Financial Corporation Launches Truist Life, Money, and Choices Financial Education Program for High School and College Students

Truist Financial Corporation Approves Appointments of Directors

Truist Financial Corporation Elect Laurence Stein to Board of Directors

Truist Financial Corporation to Report Q1, 2024 Results on Apr 22, 2024

Independent Director recently sold Mex$2.4m worth of stock

Truist Financial Corporation, Annual General Meeting, Apr 23, 2024

Full year 2023 earnings released: US$1.09 loss per share (vs US$4.46 profit in FY 2022)

Stone Point Capital LLC, Clayton, Dubilier & Rice, LLC and Mubadala Investment Company PJSC reached a definitive agreement to acquire remaining stake in Truist Insurance Holdings, LLC from Truist Financial Corporation (NYSE:TFC).

Stone Point Capital LLC, Clayton, Dubilier & Rice, LLC and Mubadala Investment Company PJSC reached a definitive agreement to acquire remaining stake in Truist Insurance Holdings, LLC from Truist Financial Corporation (NYSE:TFC).

Fourth quarter dividend of US$0.52 announced

Guardian Capital LLC entered into an agreement to acquire Sterling Capital Management LLC from Truist Financial Corporation for $70 million.

Upcoming dividend of US$0.52 per share at 5.7% yield

Fourth quarter dividend of US$0.52 announced

Truist Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on March 1, 2024

Full year 2023 earnings released: US$0.82 loss per share (vs US$4.46 profit in FY 2022)

Truist Financial Corporation to Report Q4, 2023 Results on Jan 18, 2024

Truist Financial Corporation Announces Executive Changes

Truist Mulls A Restructuring of Its Underwater Bond Portfolio

Truist Financial Corporation Announces Executive Changes

Executive Chairman recently bought Mex$5.1m worth of stock

Truist Financial Corporation Provides Earnings Guidance for the Fourth Quarter and Full Year 2023

Third quarter 2023 earnings released: EPS: US$0.88 (vs US$1.16 in 3Q 2022)

Truist Financial Reportedly in Talks to Sell Its Insurance Brokerage Unit to Stone Point

Truist Financial Reportedly in Talks to Sell Its Insurance Brokerage Unit to Stone Point

Truist Financial Corporation Announces Board of Directors Changes, Effective December 31, 2023

Truist Financial Corporation to Report Q3, 2023 Results on Oct 19, 2023

Upcoming dividend of US$0.52 per share at 6.4% yield

Second quarter 2023 earnings released: EPS: US$0.93 (vs US$1.09 in 2Q 2022)

Second quarter 2023 earnings released: EPS: US$0.93 (vs US$1.09 in 2Q 2022)

Truist Financial Corporation to Report Q2, 2023 Results on Jul 20, 2023

Upcoming dividend of US$0.52 per share at 7.4% yield

First quarter 2023 earnings released: EPS: US$1.06 (vs US$1.00 in 1Q 2022)

Insider recently bought Mex$9.2m worth of stock

Investor sentiment deteriorates as stock falls 33%

Funds managed by Stone Point Capital LLC along with Mubadala Investment Company PJSC and other co-investors agreed to acquire 20% stake in Truist Insurance Holdings, Inc. from Truist Financial Corporation (NYSE:TFC) for $1.95 billion.

Funds managed by Stone Point Capital LLC along with Mubadala Investment Company PJSC and other co-investors agreed to acquire 20% stake in Truist Insurance Holdings, Inc. from Truist Financial Corporation (NYSE:TFC) for $1.95 billion.

Upcoming dividend of US$0.52 per share at 4.2% yield

Truist Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on Mar. 1, 2023

Full year 2022 earnings released: EPS: US$4.46 (vs US$4.51 in FY 2021)

Truist Financial Corporation Provides Revenue Guidance for the First Quarter and Full Year 2023

Truist Financial Corporation to Report Q4, 2022 Results on Jan 19, 2023

Upcoming dividend of US$0.52 per share

Truist Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on December 1, 2022

Third quarter 2022 earnings released: EPS: US$1.16 (vs US$1.21 in 3Q 2021)

Truist Financial Corporation to Report Q3, 2022 Results on Oct 18, 2022

Truist Financial Corporation Launches Truist Assist

Truist Financial Corporation Announces Chief Financial Officer Changes

Truist Financial Corporation Appoints Scott Stanzel as Executive Vice President and Chief Communications Officer, Effective October 1, 2022

Truist Financial Corporation (NYSE:TFC) acquired Key Strategic Assets from Zaloni, Inc.

Upcoming dividend of US$0.52 per share

Truist Financial Corporation Announces Appointment of J. Christopher Ward as Head of Wholesale Payments

Truist Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on September 1, 2022

Truist Financial Corporation Announces Executive Changes

Second quarter 2022 earnings released: EPS: US$1.09 (vs US$1.17 in 2Q 2021)

Truist Financial Corporation Launches New Accounts with No Overdraft Fees

Truist Financial Corporation Plans to Increase in its Regular Quarterly Cash Dividend