AI is driving measurable improvements at Truist Financial, with focus areas including underwriting, customer service and wholesale.  

The $544 billion bank used generative AI to create 3.4 million call center summaries, each in seconds, in the first quarter, according to its Q1 earnings presentation today.  

Truist is zeroing in on AI to enhance productivity, underwriting and client engagement throughout the company,” Chief Executive Bill Rogers said during today’s earnings call.  

“We see AI as a real operating lever — one that improves the client experience while also creating productivity and operating leverage across our businesses without compromising control, safety and reliability,” he said. “Our focus is on using AI to strengthen relationships, giving clients faster, more personalized service, and enabling our teammates to spend more time advising and problem-solving, not navigating processes.” 

The Charlotte, N.C.-based bank has delivered 1.8 billion personalized AI-driven insights since 2023, driving 231 million client interactions, according to the presentation. Its AI chatbot has handled more than 12.5 million queries since 2023, with more than 9 million completed without human intervention.  

Truist is also enhancing wholesale operations with AI, using predictive analytics to improve financial adviser effectiveness, accelerate underwriting, and increase lead generation and conversions, Rogers said. 

“These capabilities are helping us serve clients more efficiently, while improving returns and speed to market overall,” he said. “We see clear evidence that our strategy is working.” 

BY THE NUMBERS: 

To this end, Truist reported these wholesale banking highlights in Q1:

• Wealth management income rose 8% year over year to $370 million;
• New commercial and corporate banking clients increased 24% YoY; and
• Investment assets from its client base surged 41% YoY. 

Other quarterly results included:

• Revenue jumped 5.1% YoY to $5.2 billion; 
• Efficiency ratio was 57.9%, compared with 59.3% in Q1 2025; 
• Digital share of new-to-bank clients rose 5 percentage points YoY to 45%; and
• Net income increased 17.4% YoY to $1.5 billion. 

Truist expects AI to spur significant improvement in operating leverage over the next several years, providing more flexibility “in terms of reinvesting in the business” and “harvesting profitability,” Rogers said.  

Shares of Truist [NYSE: TFC] were up 2.3% from market open to $50.57 as of market close today. It has a market capitalization of $62.8 billion.

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