Welcome to our dedicated page for Truist Finl news (Ticker: TFC), a resource for investors and traders seeking the latest updates and insights on Truist Finl stock.
Truist Financial Corporation (NYSE: TFC), formed through the historic merger of BB&T and SunTrust, operates as a leading provider of banking and financial services across consumer, commercial, and institutional sectors. This news hub offers centralized access to official announcements and market-moving developments.
Investors and industry observers will find curated updates spanning quarterly earnings reports, strategic acquisitions, leadership changes, and regulatory filings. The collection serves as a vital resource for tracking operational milestones in retail banking, wealth management solutions, and corporate lending activities.
Our news feed prioritizes factual reporting on capital allocation strategies, digital banking innovations, and market expansion initiatives. Users can monitor TFC's progress in integrating traditional financial expertise with emerging technologies across its 11-state footprint.
Bookmark this page for direct access to primary source materials and analysis-free updates. Combine regular visits with SEC filings and investor relations materials for comprehensive due diligence.
Truist Bank has announced the redemption of all $700,000,000 in principal of its 2.85% Senior Notes, due April 1, 2021, effective on the redemption date of March 1, 2021. The redemption price will be 100% of the principal amount plus accrued interest until the redemption date. Interest will cease to accrue post-redemption. U.S. Bank National Association will act as the paying agent for the notes. Truist Financial Corporation, headquartered in Charlotte, NC, is the sixth-largest commercial bank in the U.S. with total assets of $509 billion as of December 31, 2020.
Truist Financial Corporation (NYSE: TFC) has announced a quarterly cash dividend of $0.45 per common share, payable on March 1, 2021, for shareholders on record by February 12, 2021. Additionally, regular cash dividends for various series of preferred stock have also been declared, with payment dates aligning on March 1, 2021, and March 15, 2021 for some. Truist, headquartered in Charlotte, NC, is the sixth-largest commercial bank in the U.S., boasting total assets of $509 billion as of December 31, 2020.
Truist Financial Corporation (NYSE: TFC) has announced the redemption of all $1 billion principal amount of its 2.90% Senior Notes due March 3, 2021, effective February 3, 2021. The redemption price will be 100% of the principal plus accrued interest. Payment will be processed through The Depository Trust Company. As of December 31, 2020, Truist's total assets stood at $509 billion, making it the sixth-largest commercial bank in the U.S.
Truist Financial Corporation (TFC) reported a strong fourth quarter for 2020, with net income of $1.2 billion, a 74.9% increase year-over-year, and earnings per share of $0.90, up 20%. Adjusted net income reached a record $1.6 billion, or $1.18 per diluted share, bolstered by strong performances in their insurance and investment banking sectors. The bank's adjusted efficiency ratio improved to 55.9%. However, noninterest expenses rose to $3.8 billion, influenced by merger-related costs. The provision for credit losses decreased significantly to $177 million, reflecting improved asset quality.
Truist Financial Corporation (NYSE: TFC) announced the redemption of all outstanding shares of its 5.200% Series F and Series G Non-Cumulative Perpetual Preferred Stock, including 18 million and 20 million depositary shares respectively. The redemptions will take place on March 1, 2021, at a redemption price of $25 per depositary share, equivalent to $25,000 per preferred share. Accrued dividends will not be included in the redemption price. Payment will be made through Computershare Trust Company, N.A., the appointed redemption agent.
Truist Financial Corporation (NYSE: TFC) has sold its institutional 401(k) investment advisory services to OneDigital and signed agreements to sell its recordkeeping businesses to Ascensus and Empower Retirement. The OneDigital sale, which involves about 1,200 plans with $10 billion in assets, closed on December 31, 2020. Ascensus and Empower are set to acquire the recordkeeping businesses, each managing around $5 billion in assets. Truist aims to focus on growth and strategic investments in wealth management amid industry consolidation.
Truist Financial Corporation (NYSE: TFC) has announced a redemption of all outstanding $1 billion of its 2.150% Series G Senior Notes and $300 million of its Series G Floating Rate Senior Notes, both due February 1, 2021. The redemption will take place on January 1, 2021, with the price set at 100% of the principal plus accrued interest. Payments will occur on the next business day, January 4, 2021. Truist is the sixth-largest commercial bank in the U.S., with total assets of $499 billion as of September 30, 2020.
Truist Financial Corporation (NYSE: TFC) will report its fourth-quarter 2020 financial results on January 21, 2021. The earnings call will start at 8 a.m. ET, featuring insights from CEO Kelly S. King and CFO Daryl N. Bible. Investors can join the call via a live audio webcast or by phone at 866-519-2796 using passcode 391805. Additionally, Truist has adjusted its third-quarter 2021 earnings call to October 15, 2021. The company, headquartered in Charlotte, NC, manages total assets of $499 billion as of September 30, 2020.
On December 3, 2020, the American Red Cross recognized Truist Foundation for its commitment to disaster relief through a $1 million annual grant as part of the Annual Disaster Giving Program (ADGP). This funding enables the Red Cross to prepare for and respond to disasters nationwide, offering essential resources, trained volunteers, and support for affected communities. The partnership ensures rapid mobilization in times of crisis and helps maintain operations during emergencies like the COVID-19 pandemic.
Truist Financial Corporation's Chairman and CEO, Kelly S. King, will present at the Goldman Sachs U.S. Financial Services Conference on December 8, 2020, at 10 a.m. ET. This conference will occur virtually.
A live audio webcast and presentation materials will be accessible on ir.truist.com during the conference, with a replay available for 30 days.
Truist, based in Charlotte, North Carolina, is the sixth-largest commercial bank in the U.S. with $499 billion in assets as of September 30, 2020.
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