Nearly half (48%) of Truist patent application filings include an AI or machine learning component across technology categories.
Patent applications are up 63% over the last year.
Teammate participation is up 58% over the last year.
Truist reaches Patent 300 list.

Truist is speeding up the way innovation is created and implemented across the organization. Increased idea submissions from teammates drove a 63% rise in patent application filings during the past year. These figures represent one aspect of Truist's innovation journey. A detailed review of the filings shows that nearly half incorporate AI-powered elements, underscoring the company's focused push to integrate machine learning, advanced analytics and automation into essential operations.

The rise in patent filings has secured Truist a spot on the Patent 300 list, which honors leading corporate innovators in the United States. This achievement highlights Truist's ongoing commitment to innovation and its growing contributions to award-winning technology that supports its digitally enabled, relationship-focused approach while providing smooth and tailored client experiences.

"Innovation shows its value through the speed at which solid ideas turn into real results," said Steve Hagerman, Chief Information Officer at Truist and current patent holder. "At Truist, we are building a quicker, more straightforward route from teammate ideas to tangible client benefits by blending human creativity with AI capabilities."

This strategy is producing clear gains in engagement across the organization. Over the past year, the count of teammates filing patent applications increased 58%, demonstrating a targeted effort to foster innovation at every level and expand ideas from all parts of the enterprise.

Truist's innovation work stays rooted in its mission to inspire and create better lives and communities. While expanding artificial intelligence use, the company maintains a strong emphasis on responsible development and deployment to deliver meaningful and reliable outcomes for clients.

"As AI integrates more deeply into financial services, trust must be incorporated into every solution from the beginning," said Joy Middleton-Saulny, a Truist AI and Data Executive. "At Truist, we concentrate on building technologies that emphasize security, transparency and responsible data practices, allowing clients to manage their finances with confidence and safety."

Since launching its patent program, Truist has obtained more than 1,200 patents and patent applications. The collection features patents and filings for Truist Client Pulse, an internal AI tool that converts millions of client conversations into practical insights, with clear links back to original feedback and regularly updated data and models.

About Truist

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist holds leading market share in many high-growth U.S. markets and provides a broad range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending. Truist ranks among the top 10 commercial banks with $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Equal Housing Lender.

SOURCE Truist Financial Corporation