Truist Financial Management
Management criteria checks 4/4
Truist Financial's CEO is Bill Rogers, appointed in Sep 2021, has a tenure of 2.58 years. total yearly compensation is $12.04M, comprised of 10% salary and 90% bonuses, including company stock and options. directly owns 0.085% of the company’s shares, worth $44.34M. The average tenure of the management team and the board of directors is 2.1 years and 10.3 years respectively.
Key information
Bill Rogers
Chief executive officer
US$12.0m
Total compensation
| CEO salary percentage | 10.0% |
| CEO tenure | 2.6yrs |
| CEO ownership | 0.09% |
| Management average tenure | 2.1yrs |
| Board average tenure | 10.3yrs |
Recent management updates
Recent updates
Truist Financial Q1 Earnings Preview: Capital Improvement But Deposit Weakness (Rating Downgrade)
Apr 17Shareholders May Be Wary Of Increasing Truist Financial Corporation's (NYSE:TFC) CEO Compensation Package
Apr 17
Truist Financial Still Has Room To Run While Yielding 5.48%
Apr 05Truist Financial: A Market Leader Ain't Cheap
Mar 23Truist Financial: Potential For Improved Efficiency And Profitability Supports A Buy Rating
Feb 29Truist Financial: The New All-Time High In Emergency Lending Explained
Feb 19Truist Financial (NYSE:TFC) Is Due To Pay A Dividend Of $0.52
Feb 02Truist Financial: Don't Let The Net Loss Scare You
Jan 23Truist: Solid As A Rock And Potentially Returning 8.4% Annualized
Dec 29Truist Financial Stock: Downgraded To Hold Despite Powell Pivot
Dec 19Truist Financial: Buying In A Solid Base At Technical Support Levels
Nov 20Truist Bank: Top Value Pick From Beaten-Down Banks
Oct 19Truist Financial And U.S. Bancorp Q3 Earnings: A Caveat Hidden In Plain Sight
Oct 13Truist Financial: A Secure Dividend And Attractive Valuation Create Opportunity
Sep 25Truist Financial: The 6.3% Yielding Preferred Shares Could Be An Option
Sep 09Truist Financial: Expect More Solvency Deterioration As Mortgage Rates Rise Higher
Aug 22Truist Financial (NYSE:TFC) Is Due To Pay A Dividend Of $0.52
Jul 29Truist Financial: Risky High-Yielder
Jul 21Truist Financial And U.S. Bancorp: Cause For Concern After The Stress Test?
Jun 30Truist: Priced For Disaster, Set For Recovery
Jun 15Truist: Don't Forget About This Deep Value Gem
Jun 09Truist Financial: Most Of The Negatives Are Priced In
May 24Monetizing The Insurance Business Gives Truist Options, But Also Brings Risk
Feb 17Truist Financial sheds 5% of investment-banking staff amid dealmaking slump - report
Feb 07Truist Financial cut to Equalweight at Stephens on recent outperformance
Jan 31Truist Financial declares $0.52 dividend
Jan 24Truist Financial Q4 2022 Earnings Preview
Jan 18Truist: The Problem And Opportunity In One Word
Jan 10Truist Financial added to Citi's negative catalyst watch on NII, expense headwinds
Jan 04My Top 2023 Stock Pick: Truist Financial
Dec 19Truist Financial adds trading to digital investing capabilities
Nov 15Truist: Underwhelming Results In What Should Be A Supportive Market
Oct 31Truist Financial declares $0.52 dividend
Oct 25Truist Financial Non-GAAP EPS of $1.24 beats by $0.01, revenue of $5.88B misses by $80M
Oct 18Truist: Valuation Remains Compelling, But A Bearish Technical Move Warrants Caution
Sep 30Truist names Mike Maguire as next CFO
Sep 07Truist Financial launches robo adviser, hybrid products
Aug 29Truist acquires Zaloni Arena platform to bolster data, AI, machine learning efforts
Aug 22Truist Financial to acquire BenefitMall from Carlyle Group to expand benefits offerings
Aug 08Truist Financial (NYSE:TFC) Has Announced That It Will Be Increasing Its Dividend To $0.52
Aug 02Truist Financial raises dividend by 8% to $0.52/share
Jul 26CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 about average for companies of similar size in the US market ($USD13.51M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
CEO
Bill Rogers (65 yo)
2.6yrs
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 |
|---|---|---|---|---|
| Executive Chairman & CEO | 2.6yrs | US$12.04m | 0.085% $ 44.3m | |
| Senior EVP & CFO | 1.6yrs | US$3.60m | 0.0056% $ 2.9m | |
| Vice Chair & Chief Operating Officer | less than a year | US$6.52m | 0.027% $ 14.1m | |
| Senior EVP | 24.3yrs | US$6.51m | 0.016% $ 8.5m | |
| Senior EVP & Chief Consumer and Small Business Banking Officer | 7.7yrs | US$4.66m | 0.0034% $ 1.8m | |
| Interim Chief Information Officer | less than a year | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Senior EVP | less than a year | no data | no data | |
| Executive VP & Chief Communications Officer | 1.5yrs | no data | no data | |
| Head of Enterprise Strategy | no data | no data | no data | |
| Senior EVP & Chief Commercial Community Banking Officer | 13.3yrs | no data | 0.0049% $ 2.5m | |
| Director of Regional Commercial Real Estate & President of Washington Region | 11.3yrs | no data | no data |
2.1yrs
Average Tenure
54.5yo
Average Age
Experienced Management: TFC's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & CEO | 13.3yrs | US$12.04m | 0.085% $ 44.3m | |
| Lead Independent Director | 14.8yrs | US$338.83k | 0.0024% $ 1.2m | |
| Independent Director | 9.3yrs | US$318.83k | 0.00022% $ 114.3k | |
| Independent Director | 6.3yrs | US$318.83k | 0.0046% $ 2.4m | |
| Independent Director | 8.7yrs | US$288.83k | 0.0023% $ 1.2m | |
| Independent Director | 12.3yrs | US$333.83k | 0.0029% $ 1.5m | |
| Independent Director | 14.5yrs | US$308.83k | 0.0011% $ 587.3k | |
| Independent Director | 21yrs | US$298.88k | 0.0021% $ 1.1m | |
| Independent Director | 5.5yrs | US$288.83k | 0.0017% $ 867.9k | |
| Independent Director | 7.3yrs | US$318.83k | 0.00047% $ 244.3k | |
| Independent Director | 4.3yrs | US$288.83k | 0.00022% $ 114.3k | |
| Independent Director | 11.3yrs | US$318.83k | 0.0054% $ 2.8m |
10.3yrs
Average Tenure
66.5yo
Average Age
Experienced Board: TFC's board of directors are seasoned and experienced ( 10.3 years average tenure).