Welcome to our dedicated page for Truist Financial Corporation news (Ticker: TFC), a resource for investors and traders seeking the latest updates and insights on Truist Financial Corporation stock.
Truist Financial Corporation (NYSE: TFC) is a leading U.S. commercial bank that was formed through the merger of BB&T and SunTrust in 2019. Headquartered in Charlotte, North Carolina, the company is committed to inspiring and building better lives and communities through a comprehensive range of financial services. With a rich history dating back 275 years from its legacy banks, Truist serves approximately 12 million households across high-growth markets in the country.
Truist offers a wide array of services including retail, small business, and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. As the sixth-largest commercial bank in the U.S., Truist is a key player in these sectors.
Recent Achievements and News:
- On March 7, 2024, Truist Securities announced the addition of highly ranked analyst Jamie Cook as a managing director, expanding its equity research coverage in the industrials sector.
- On March 28, 2024, Truist Financial Corporation announced it would report its first-quarter 2024 financial results before the market opens on April 22, 2024.
- On April 4, 2024, the Truist Foundation released its 2023 Impact Report, showcasing its efforts in building career pathways and strengthening small businesses for economic mobility.
- On April 8, 2024, Sheffield Financial, a division of Truist Bank, renewed its long-term retail financing agreement with BRP US Inc., reaffirming their commitment to providing competitive financing options.
- On May 7, 2024, Truist completed the sale of its remaining stake in Truist Insurance Holdings to an investor group led by private equity firms, significantly enhancing its financial profile.
Truist is focused on leveraging technology and innovation, as evidenced by its investment in new technologies and recent strategic partnerships. The company's robust financial condition has enabled it to make significant investments in its core banking businesses and community-driven initiatives.
With an emphasis on collaborative culture and client service, Truist continues to expand its expertise and capabilities, aiming to deliver differentiated content, execution, and value for its clients. For more information, visit Truist.com.
Truist Financial Corporation (NYSE: TFC) announced the redemption of all $1 billion principal amount of its 2.70% senior notes due on January 27, 2022 on the redemption date of December 27, 2021. The redemption price will be 100% of the principal amount plus accrued interest until the redemption date. Payments for the redemption will be managed through The Depository Trust Company. As a top 10 U.S. commercial bank, Truist has total assets of $530 billion as of September 30, 2021.
Truist Financial Corporation (NYSE: TFC) has announced a partnership with AutoFi, enhancing car financing options for clients shopping through participating dealers. Clients can quickly submit online credit applications, enabling real-time access to Truist financing alongside competitor offers. This collaboration aims to redefine digital automobile sales by providing transparency and convenience. Truist supports nearly 1,000 dealers on the AutoFi platform, promoting a seamless transaction experience. This initiative aligns with Truist's commitment to combining technology and personal service for better customer trust.
Truist Bank, based in Charlotte, N.C., announced the redemption of $1 billion in fixed rate senior notes, set to mature on January 15, 2022. The redemptions will occur on December 15, 2021, with investors receiving 100% of the principal plus accrued interest up to the redemption date. The interest on these notes will cease post-redemption. Truist Financial, holding assets of $530 billion as of September 30, 2021, is a major player in the financial services sector, offering a broad range of banking and financial solutions.
Microsoft and Truist Financial announced an RFP for the Mission-Driven Bank Fund, aimed at supporting FDIC-insured Minority Depository Institutions and Community Development Financial Institutions. Open from Dec. 2, 2021, to Feb. 4, 2022, the fund will provide "patient capital" prioritizing social impact over returns. As anchor investors, Microsoft and Truist seek diverse fund managers, underscoring their commitment to inclusivity and community development. The fund's creation involves input from 70 CEOs in the MDI and CDFI sectors to expand access to affordable financial products in historically excluded communities.
Sheffield Financial, a division of Truist Bank, has renewed its multiyear financing services program with American Honda Motor Co., effective immediately. The agreement provides lending services for Honda Power Equipment and Honda Marine customers through dealer networks. It covers installment financing for various Honda products, including generators and outboard marine engines. Sheffield Financial aims to support Honda's vision for a carbon-free society while offering flexible financing solutions to enhance customer access to high-quality outdoor power and marine products.
Truist Financial Corporation (NYSE: TFC) announced that CEO William H. Rogers Jr. will present at the Goldman Sachs 2021 US Financial Services Conference on December 7, 2021, at 10 a.m. ET. A live audio webcast and presentation materials will be accessible on the company’s investor relations website on the day of the event, with a replay available for 30 days. Truist, formed from the merger of BB&T and SunTrust, is headquartered in Charlotte, North Carolina, and holds total assets of $530 billion as of September 30, 2021.
On Nov. 3, 2021, Usher's New Look (UNL) announced a $500,000 grant from Truist Foundation to bolster its high school leadership and financial literacy programs. This grant is part of a $1.5 million total funding received from Truist over five years. UNL, founded by Usher in 1999, has supported over 50,000 youth in areas such as financial wellness and professional development. The organization aims to combat poverty through financial education, offering workshops on budgeting, credit, and career readiness, empowering underserved communities.
Truist Financial Corporation (NYSE: TFC) has declared a quarterly cash dividend of $0.48 per common share, payable on December 1, 2021, to shareholders of record by November 12, 2021. Additionally, dividends were announced for various series of preferred stock, with payment dates also set for December 15, 2021. The company, formed by the merger of BB&T and SunTrust, holds $530 billion in total assets as of September 30, 2021, emphasizing its strong market presence.
Truist Financial Corporation (NYSE: TFC) announced that CFO Daryl N. Bible will present at the BancAnalysts Association of Boston Conference on Nov. 5, 2021, at 8 a.m. ET. A live audio webcast and presentation materials will be available on their website, with a replay accessible for 30 days. With total assets of $530 billion as of September 30, 2021, Truist, headquartered in Charlotte, North Carolina, is a leading financial services provider, offering diverse services including banking, asset management, and wealth management.
Sheffield Financial, a division of Truist Bank, has partnered with Tohatsu America Corporation to establish a multiyear financing services program. This agreement enables Sheffield to provide lending services to Tohatsu customers via its dealer network, focusing on installment financing for Tohatsu outboard motors and associated boat packages. Sheffield Financial has lent over $30 billion since its inception in 1992, supporting more than 15,000 dealers nationwide. This partnership is aimed at delivering reliable financial solutions to Tohatsu's customers and enhancing their boating experience.
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