Truist Finl Corp Stock Price, News & Analysis

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.

Truist Securities has appointed Michael Carter as the new head of its investment and corporate banking teams, based in Atlanta. Previously the global head of Technology Investment Banking at RBC Capital Markets, Carter brings over 25 years of investment banking experience, especially in mergers and acquisitions and corporate finance. His leadership is expected to boost Truist's expanding corporate and investment banking services. Carter holds an MBA from Harvard Business School and has served on multiple boards.

Truist Financial Corporation (NYSE: TFC) has appointed Ankur Vyas as the new head of Investor Relations, effective immediately. Reporting to CFO Daryl Bible, Vyas has a comprehensive background in financial services, having led Investor Relations at SunTrust for six years. He is a Chartered Financial Analyst and has received accolades in investor relations. Truist, with total assets of $518 billion as of March 31, 2021, aims to deliver high-quality communication about its strategy and performance to stakeholders.

Truist Financial Corporation (NYSE: TFC) announced that CEO Kelly S. King and CFO Daryl N. Bible will present at the Morgan Stanley US Financials, Payments & CRE Conference on June 14, 2021, at 10:15 a.m. ET. The event will be held virtually, with a live audio webcast accessible on the company's investor relations website. A replay will be available for 30 days post-event. Truist is a major U.S. commercial bank with $518 billion in assets, offering diverse financial services aimed at improving lives and communities.