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) 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.
Truist Financial Corporation (NYSE: TFC) reported a robust third quarter 2021, with GAAP earnings reaching $1.6 billion, or $1.20 per diluted share, marking a 51% increase year-over-year. Adjusted earnings were $1.9 billion, or $1.42 per diluted share, up 46%. Key factors included strong fee income and solid loan growth, even amid lower net interest income. The bank experienced an annualized return on assets of 1.28% and a return on tangible common equity of 19.3%. Notably, Truist benefited from improved economic conditions, evidenced by a $324 million credit loss provision benefit.
Sheffield Financial, a division of Truist Bank, has entered into a financing services agreement with Suzuki Marine USA. This partnership will allow Sheffield to provide retail financing options for Suzuki Marine customers through its dealer network, covering installment financing for Suzuki outboard motors and boat packages. Both companies aim to enhance customer access to boating through this financing initiative. Sheffield Financial, operational since 1992, has financed over $30 billion in loans, while Truist, parent of Sheffield, boasts total assets of $522 billion as of June 30, 2021.
Truist Financial Corporation (NYSE: TFC) announced the redemption of all $17,200,000 of its callable fixed-rate notes due November 2, 2026, effective October 31, 2021. Investors will receive 100% of the principal amount plus accrued interest, with interest ceasing after the redemption date. As the redemption falls on a weekend, payments will be processed on the next business day, November 1, 2021, via The Depository Trust Company. Truist, headquartered in Charlotte, N.C., has significant market share across various financial services and total assets of $522 billion as of June 30, 2021.
Truist Financial Corporation (NYSE: TFC) will release its third-quarter 2021 financial results on October 15, 2021. CEO William H. Rogers Jr. and CFO Daryl N. Bible will discuss the results in a conference call at 8 a.m. ET. Investors can access the call live via ir.truist.com or by phone at 866-519-2796 with passcode 391805. A replay will be available for 30 days. As of June 30, 2021, Truist boasts total assets of $522 billion.
Truist Financial Corporation (NYSE: TFC) has announced that President and COO William H. Rogers Jr. will present at the Barclays Global Financial Services Conference on September 15, 2021, at 8:15 a.m. ET. Rogers is set to succeed Kelly S. King as CEO on September 12, 2021. A live audio webcast of the event will be accessible on Truist's investor relations website, along with a replay available for 30 days. Truist, headquartered in Charlotte, North Carolina, is a leading financial services company with over $522 billion in assets as of June 30, 2021.
Truist Financial Corporation (NYSE: TFC) partners with EVERFI to provide the WORD Force Universe, a free digital literacy program for K-2 students across the U.S. Following a pilot that reached over 17,000 students, the program supports educational equity, particularly for low- to moderate-income communities. It features interactive content to enhance reading skills. The initiative aims to close literacy gaps and foster reading proficiency, crucial for future success. Launching in September, families and community organizations can access the program at no cost.
Truist Financial Corporation (NYSE: TFC) announced a new executive leadership structure effective September 1, 2021. William H. Rogers Jr. will succeed Kelly S. King as CEO on September 12, 2021, with King transitioning to executive chairman until March 12, 2022. Rogers brings experience from his eight-year tenure as CEO of SunTrust. The announcement includes the new leadership team, aiming to enhance client-centered digital strategies and fulfill Truist's potential in serving communities. The company boasts total assets of $522 billion as of June 30, 2021.
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