Truist Financial Corporation reports news as a large U.S. banking and financial services company serving consumer, small business, commercial, corporate, institutional and high-net-worth clients. Its recurring updates cover quarterly results, common and preferred stock dividends, share repurchase activity, debt issuance, and business-line developments across consumer banking, wholesale banking, wealth management, payments, investment banking and specialized lending.
Company announcements also address digital banking and data-access partnerships, Enterprise Payments and treasury management activity, Truist Securities advisory and capital markets capabilities, and Truist Wealth investment solutions. Truist emerged from the combination of BB&T and SunTrust and operates through Truist Bank and related financial-services businesses.
Truist Financial (NYSE: TFC) has announced that CFO Mike Maguire will present at the UBS Financial Services Conference on February 11, 2025, at 1:00 p.m. ET. A live audio webcast will be available at ir.truist.com, with a replay accessible for 30 days following the event.
Truist, headquartered in Charlotte, North Carolina, is a purpose-driven financial services company and leading U.S. commercial bank with total assets of $531 billion as of December 31, 2024. The company maintains strong market share across high-growth markets nationwide, offering comprehensive services including consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending.
Truist Financial (NYSE: TFC) has announced its quarterly dividend declarations. The Board of Directors declared a regular quarterly cash dividend of $0.52 per common share, payable on March 3, 2025, to shareholders of record as of February 14, 2025.
The company also declared dividends for multiple series of preferred stock, including Series I, J, N, O, Q, and R, with payment dates in March 2025. Notably, Series N and Q dividends are declared and paid semiannually.
Truist, headquartered in Charlotte, North Carolina, is a leading U.S. commercial bank with total assets of $531 billion as of December 31, 2024. The company maintains strong market share across high-growth markets, offering various financial services through its wholesale and consumer businesses.
Sheffield Financial, a division of Truist Bank (TFC), has announced a new nationwide retail financing partnership with Scarab, a manufacturer of high-performance jet-powered boats. The collaboration will provide Scarab customers with competitive financing options through authorized dealers across the United States.
The partnership leverages Sheffield's 32-year experience in consumer financing and integrates their advanced prequalification technology, allowing customers to check their eligibility without impacting their credit score. The agreement includes mobile-friendly online prequalification, simple online loan contracting, and competitive financing terms.
Sheffield's financing tools will be integrated across various marketing platforms, including dealer websites, social media, and emails, streamlining the boat purchasing process for both first-time and experienced buyers.
Truist Financial (NYSE: TFC) announced the release of its fourth quarter 2024 financial results. The company has scheduled a live earnings call for investors at 8 a.m. ET, accessible via webcast or dial-in. The complete earnings release, investor presentation with non-GAAP reconciliations, and detailed financial schedules are available on Truist's Investor Relations website. A replay of the call will remain accessible on the website for 30 days.
Truist Foundation has announced a partnership with the Center for Disaster Philanthropy to provide over $20 million in disaster recovery grants for Western North Carolina following Hurricane Helene's devastating impact in September 2024. The hurricane caused damage to over 250,000 homes across 39 counties, with economic impacts reaching $53 billion.
The initiative is part of Truist Cares for Western North Carolina, a three-year, $725 million commitment focusing on housing and small business recovery. The program includes new loan capital, impact capital from Truist Community Capital, and philanthropic giving. The Foundation will also provide grants to The Community Foundation of Western North Carolina's Emergency and Disaster Response Fund and the American Red Cross for long-term recovery programs.
Truist Financial (NYSE: TFC) has scheduled its fourth-quarter 2024 earnings release and conference call for Friday, January 17, 2025. The financial results will be released before market opens, followed by a conference call at 8 a.m. ET hosted by CEO Bill Rogers and CFO Mike Maguire. Truist, a leading U.S. commercial bank with $523 billion in total assets as of September 30, 2024, maintains significant market share across high-growth markets nationwide. The company provides comprehensive financial services through its wholesale and consumer businesses, including consumer banking, commercial banking, investment banking, wealth management, and specialized lending.
Truist Financial (NYSE: TFC) announced it received an 'Outstanding' rating from the Federal Deposit Insurance (FDIC) for its Community Reinvestment Act (CRA) examination from 2020-2022. This rating reflects Truist's efforts to meet the credit needs of communities, including low- and moderate-income (LMI) neighborhoods.
During the period, Truist made 845,332 home mortgage, small business, and small farm loans totaling $151.9 billion, and originated 7,174 community development loans worth $16.1 billion—an increase of 304.6% and 154.7% respectively from the previous period (2017-2019). The company also made 6,143 qualified investments totaling $5.8 billion, with $4.4 billion supporting affordable housing.
Truist was the fourth-largest lender in the Paycheck Protection Program (PPP), funding $16.3 billion across 120,000 loans. The company launched the Truist Cares initiative in March 2020, providing over $50 million in aid. Additionally, it completed a three-year $60 billion Community Benefits Plan, delivering $75.4 billion in lending, investing, and philanthropic activities.
Truist Foundation, affiliated with Truist Financial (TFC), has released its Q4 2024 newsletter highlighting strategic investments in nonprofit organizations. The foundation focuses on two main areas: building career pathways to economic mobility and strengthening small businesses.
The foundation has donated $2.55 million for hurricane recovery efforts. Foundation President Lynette Bell participated in the Clinton Global Initiative's roundtable on Corporate Philanthropy, while SVP Sara Manning discussed disaster recovery at the Association of Corporate Citizenship Professionals conference.
The foundation has also announced the opening of applications for this year's Inspire Awards, and President Lynette Bell was recognized with the UNCF Women Who Lead Award.
Truist Financial (NYSE: TFC) announced that Chairman and CEO Bill Rogers will present at the Goldman Sachs 2024 US Financial Services Conference on December 10, 2024, at 10:40 a.m. ET in New York City. The presentation will be available via live audio webcast on ir.truist.com, with a 30-day replay option.
Truist is a purpose-driven financial services company and leading U.S. commercial bank with $523 billion in total assets as of September 30, 2024. Headquartered in Charlotte, North Carolina, the company provides comprehensive financial services including consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending services.
Truist Financial (NYSE: TFC) announced the retirement of Vice Chair and Chief Risk Officer Clarke R. Starnes III after a 42-year career. Brad Bender, a 20-year company veteran, will succeed Starnes as chief risk officer, reporting directly to CEO Bill Rogers. Bender, who most recently served as interim chief information officer, will oversee credit, market, capital, liquidity, operational, compliance and technology risk, as well as regulatory relations, ethics and financial crimes functions. Starnes will remain in an advisory capacity to ensure a smooth transition.