US Banks - What's My Age Again?

Research evidence excerpt

US Banks - What's My Age Again?

Truist Securities

Equity Research Report June 8, 2026

FINANCIALS: Banks

We look at bank CEO age, a topic that is increasingly coming up in investor

John McDonald conversations about succession and M&A. Our analysis suggests that bank CEOs are

212-303-4179 getting older and that they're staying on the job for longer. The median CEO age for BKX

John.McDonald@truist.com banks has increased by 10 years since the early 2000s and half are over the age of 65

(vs. <20% in the early 2000s). We see both benefits and drawbacks from having older

Peter Nicolo CEOs and ultimately it's not clear that this is uniformly good or bad for the industry. Like

212-303-4141 most things, it depends. Some CEOs overstay despite poor performance while others

Peter.Nicolo@truist.com avoid the risks of complacency and keep their firm's strategy, ambitions and execution

fresh.

John Manahan

212-303-4158

John.Manahan@truist.com Never Gonna Give You Up

Bank CEOs are getting older and they're staying on the job for longer. The median CEO

14 Page Document age for BKX banks has increased by 10 years since the early 2000s and half are over

the age of 65 (vs. <20% in the early 2000s). To be clear, having an older executive suite

Reasons for this report today is not unique to banks. Recent academic research shows that corporate America's leadership has also aged by about 10 years since the early 2000s (link), although the

bank CEOs tend to be older on average. An older and more tenured executive suite ✓ Sector Update

can have both positive and negative influences on corporate performance, and no two

situations are the same, highlighting the delicate balance that corporate boards must

strike as they evaluate succession options, especially when a company's shares or