Truist Finl Corp - TFC STOCK NEWS

Truist Financial Corporation has awarded a $2.5 million grant to TechSoup to support the TechSoup COVID Recovery Fund, aimed at helping grassroots nonprofits manage technology challenges during the pandemic. This grant, the largest received by the fund, will benefit over 1,000 nonprofits across 15 states, allowing them to acquire remote-work tools and cloud-based solutions. The initiative is part of Truist's broader Truist Cares effort, which seeks to assist nonprofits and communities affected by COVID-19.

Truist Financial Corporation President and COO, William H. Rogers, Jr., will represent the company at the Bank of America Securities Future of Financials Conference on November 10, 2020, at 11:20 a.m. ET. This virtual conference will include a live audio webcast, along with presentation materials available on ir.truist.com, with a replay accessible for 30 days. Headquartered in Charlotte, N.C., Truist is the sixth-largest U.S. commercial bank, boasting total assets of $499 billion as of September 30, 2020.

Truist Financial Corporation's CFO, Daryl N. Bible, will present at the BancAnalysts Association of Boston Conference on November 6, 2020, at 8 a.m. ET. The event will take place virtually, and interested parties can access a live audio webcast along with presentation materials at ir.truist.com. A replay will be available for 30 days following the conference. As of September 30, 2020, Truist, the sixth-largest U.S. commercial bank, holds total assets of $499 billion.

Truist Financial Corporation (NYSE: TFC) has announced the schedule for its upcoming quarterly earnings conference calls in 2021. These calls will take place at 8:00 a.m. ET on the following dates: Fourth-quarter on January 21, First-quarter on April 15, Second-quarter on July 15, and Third-quarter on October 19. As of September 30, 2020, Truist holds total assets of $499 billion and is recognized as the sixth-largest commercial bank in the U.S. The company is focused on providing a variety of financial services across multiple sectors.

The Board of Directors of Truist Financial Corporation (NYSE: TFC) has declared a quarterly cash dividend of $0.45 per common share, payable on December 1, 2020. Shareholders on record by November 13, 2020 will receive this dividend. Additionally, dividends for various series of preferred stock have also been announced, with payments scheduled for December 1 and December 15, 2020. Truist Financial holds $499 billion in total assets as of September 30, 2020, marking it as one of the largest commercial banks in the U.S.

Truist Financial Corporation (NYSE: TFC) has expanded its Commercial Community Banking Industry Consulting team to include the beverage sector, hiring Joseph Goode as a consultant. Goode, who brings 12 years of experience, will work with local bankers to provide tailored solutions to beverage manufacturers and distributors. Truist aims to enhance its presence in the beverage market by leveraging Goode's industry knowledge and its extensive community banking network, addressing the needs of both alcoholic and non-alcoholic sectors.

Truist Financial Corporation (NYSE: TFC) has appointed Vinoo Vijay as its new chief marketing officer. With over 20 years in marketing leadership roles, Vijay will oversee all marketing aspects, including brand and digital strategies. His previous experience includes leading marketing at H&R Block and TD Bank, focusing on client-centric innovations. Vijay aims to enhance Truist's brand promise and client experience as the company seeks to redefine modern banking. Truist, headquartered in Charlotte, has total assets of $499 billion as of September 30, 2020.

Truist Financial Corporation (TFC) reported third-quarter 2020 earnings with net income of $1.1 billion, a 45.3% increase from the previous year. However, diluted earnings per share fell 16.8% to $0.79. Adjusted net income was $1.3 billion, translating to $0.97 per share, after merger-related expenses. The company’s ROA was 0.91%, while adjusted ROA was 1.11%. Notably, noninterest income dropped, driven by reduced securities gains. The bank maintained stable asset quality, with a modest increase in the allowance for loan losses due to COVID-19 uncertainties. Total deposits rose to $372.2 billion, reflecting strong noninterest-bearing deposit growth.

Truist Financial Corporation (NYSE: TFC) announced that Chairman and CEO Kelly S. King will participate in a virtual Moody's Banking Series event on October 19, 2020, at 9:00 a.m. Eastern. A live audio webcast of the event will be available at ir.truist.com, with a replay accessible for 30 days post-event. Truist, headquartered in Charlotte, North Carolina, is a leading financial services company with approximately 12 million households served and total assets of $504 billion as of June 30, 2020.