Truist Finl Corp Stock Price, News & Analysis

Truist Financial Corporation (NYSE: TFC) announced the success of its Truist Momentum program, aiding over 300 companies since 2014 with financial education initiatives. Participants have received over $21.5 million and demonstrated improved financial confidence—98% opened emergency savings accounts post-program. The program addresses decreased financial literacy, with 72% of Americans feeling money stress. Truist, a member of Financial Literacy for All, is committed to enhancing financial literacy through various initiatives, including partnerships and dedicated resources for employees and communities.

On July 27, 2021, Truist Financial Corporation (TFC) declared a quarterly cash dividend of $0.48 per common share, payable on September 1, 2021. Shareholders must be on record by August 13, 2021. The company also announced dividends for several series of preferred stock, with amounts ranging from $0.25556 to $1,022.22222 per share, set for payment on September 15, 2021. This demonstrates Truist's commitment to returning value to shareholders amidst its operations as one of the top 10 commercial banks in the U.S.

Truist Financial Corporation (NYSE: TFC) announced the redemption of its $500 million senior notes with a 3.200% interest rate, due on September 3, 2021. The redemption will occur on August 3, 2021, at 100% of the principal amount, plus any accrued interest until the redemption date. Interest will cease on the redemption date. This move is part of Truist's financial strategy and demonstrates its commitment to managing its debt effectively.

Truist Financial Corporation (NYSE: TFC) has announced the schedule for its 2022 quarterly earnings conference calls. The calls will take place on the following dates: Fourth quarter on January 18, 2022; First quarter on April 19, 2022; Second quarter on July 19, 2022; and Third quarter on October 18, 2022. Access information for these calls will be shared closer to the respective dates. As of June 30, 2021, Truist's total assets stood at $522 billion.

Truist Bank, headquartered in Charlotte, N.C., has announced the redemption of $500 million of 3.502% fixed-to-floating senior bank notes and $300 million of floating rate senior bank notes, both due August 2, 2022. The redemption will take place on August 2, 2021, at a price equal to 100% of the principal plus accrued interest. Following the redemption date, interest will cease to accrue. This move reflects Truist's ongoing commitment to financial management as a leading U.S. commercial bank with total assets of $522 billion as of June 30, 2021.

Truist Financial Corporation (NYSE: TFC) reported second quarter 2021 earnings of $1.6 billion, or $1.16 per diluted share, marking a 73% year-over-year increase. Adjusted earnings rose to $2.1 billion, or $1.55 per diluted share, up 89% compared to the prior year. The strong results were attributed to robust fee income, record insurance commissions, and effective expense management. A negative provision for credit losses of $434 million reflected an improving economic outlook. The company also announced plans to raise its dividend by 7% to $0.48, while capital and liquidity levels remained strong.

Truist Financial Corporation (NYSE: TFC) plans a 7% increase in its quarterly common dividend from $0.45 to $0.48 per share, effective Q3 2021, pending board approval. The Federal Reserve also reduced Truist's preliminary stress capital buffer from 2.7% to 2.5%, effective from Oct. 1, 2021 through Sept. 30, 2022. Truist's Chairman Kelly S. King emphasized the company's strong risk management and readiness for future growth, indicating confidence in capital deployment for clients and shareholders.

Truist Financial Corporation (NYSE: TFC) has announced the redemption of $9,436,000 principal amount of its 2.60% callable notes due October 30, 2022, effective July 30, 2021. The redemption price will be 100% of the principal plus accrued interest, with interest ceasing on the redemption date. The payment process will occur via The Depository Trust Company. As of March 31, 2021, Truist held total assets of $518 billion, ranking among the top 10 U.S. commercial banks.

Truist Financial Corporation (NYSE: TFC) is set to announce its second-quarter 2021 financial results on July 15, 2021, before market opening. The call will be hosted by top executives, including CEO Kelly S. King and CFO Daryl N. Bible, at 8 a.m. ET. Investors can access the earnings call via a live audio webcast on their investor relations page or by dialing 866-519-2796. As of March 31, 2021, Truist holds $518 billion in total assets, following the merger of BB&T and SunTrust, establishing it as a leading financial services provider in many growth markets.