Notably, when the initial 20% stake sale was announced in February, Truist's management was keen to keep the remaining stake in this profitable business. In 2022, TIH (excluding premium finance business) constituted 35% of Truist's total fee income and 8% of adjusted net income available to common shareholders. But since the regional banking crisis engulfed the sector last year, banks like TFC, Fifth Third Bancorp ( FITB - Free Report ) and Citizens Financial Group ( CFG - Free Report ) have been trying to raise capital levels.