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 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.
On Nov. 3, 2021, Usher's New Look (UNL) announced a $500,000 grant from Truist Foundation to bolster its high school leadership and financial literacy programs. This grant is part of a $1.5 million total funding received from Truist over five years. UNL, founded by Usher in 1999, has supported over 50,000 youth in areas such as financial wellness and professional development. The organization aims to combat poverty through financial education, offering workshops on budgeting, credit, and career readiness, empowering underserved communities.
Truist Financial Corporation (NYSE: TFC) has declared a quarterly cash dividend of $0.48 per common share, payable on December 1, 2021, to shareholders of record by November 12, 2021. Additionally, dividends were announced for various series of preferred stock, with payment dates also set for December 15, 2021. The company, formed by the merger of BB&T and SunTrust, holds $530 billion in total assets as of September 30, 2021, emphasizing its strong market presence.
Truist Financial Corporation (NYSE: TFC) announced that CFO Daryl N. Bible will present at the BancAnalysts Association of Boston Conference on Nov. 5, 2021, at 8 a.m. ET. A live audio webcast and presentation materials will be available on their website, with a replay accessible for 30 days. With total assets of $530 billion as of September 30, 2021, Truist, headquartered in Charlotte, North Carolina, is a leading financial services provider, offering diverse services including banking, asset management, and wealth management.
Sheffield Financial, a division of Truist Bank, has partnered with Tohatsu America Corporation to establish a multiyear financing services program. This agreement enables Sheffield to provide lending services to Tohatsu customers via its dealer network, focusing on installment financing for Tohatsu outboard motors and associated boat packages. Sheffield Financial has lent over $30 billion since its inception in 1992, supporting more than 15,000 dealers nationwide. This partnership is aimed at delivering reliable financial solutions to Tohatsu's customers and enhancing their boating experience.
Truist Financial Corporation (NYSE: TFC) reported a robust third quarter 2021, with GAAP earnings reaching $1.6 billion, or $1.20 per diluted share, marking a 51% increase year-over-year. Adjusted earnings were $1.9 billion, or $1.42 per diluted share, up 46%. Key factors included strong fee income and solid loan growth, even amid lower net interest income. The bank experienced an annualized return on assets of 1.28% and a return on tangible common equity of 19.3%. Notably, Truist benefited from improved economic conditions, evidenced by a $324 million credit loss provision benefit.
Sheffield Financial, a division of Truist Bank, has entered into a financing services agreement with Suzuki Marine USA. This partnership will allow Sheffield to provide retail financing options for Suzuki Marine customers through its dealer network, covering installment financing for Suzuki outboard motors and boat packages. Both companies aim to enhance customer access to boating through this financing initiative. Sheffield Financial, operational since 1992, has financed over $30 billion in loans, while Truist, parent of Sheffield, boasts total assets of $522 billion as of June 30, 2021.
Truist Financial Corporation (NYSE: TFC) announced the redemption of all $17,200,000 of its callable fixed-rate notes due November 2, 2026, effective October 31, 2021. Investors will receive 100% of the principal amount plus accrued interest, with interest ceasing after the redemption date. As the redemption falls on a weekend, payments will be processed on the next business day, November 1, 2021, via The Depository Trust Company. Truist, headquartered in Charlotte, N.C., has significant market share across various financial services and total assets of $522 billion as of June 30, 2021.
Truist Financial Corporation (NYSE: TFC) will release its third-quarter 2021 financial results on October 15, 2021. CEO William H. Rogers Jr. and CFO Daryl N. Bible will discuss the results in a conference call at 8 a.m. ET. Investors can access the call live via ir.truist.com or by phone at 866-519-2796 with passcode 391805. A replay will be available for 30 days. As of June 30, 2021, Truist boasts total assets of $522 billion.
Truist Financial Corporation (NYSE: TFC) has announced that President and COO William H. Rogers Jr. will present at the Barclays Global Financial Services Conference on September 15, 2021, at 8:15 a.m. ET. Rogers is set to succeed Kelly S. King as CEO on September 12, 2021. A live audio webcast of the event will be accessible on Truist's investor relations website, along with a replay available for 30 days. Truist, headquartered in Charlotte, North Carolina, is a leading financial services company with over $522 billion in assets as of June 30, 2021.
Truist Financial Corporation (NYSE: TFC) partners with EVERFI to provide the WORD Force Universe, a free digital literacy program for K-2 students across the U.S. Following a pilot that reached over 17,000 students, the program supports educational equity, particularly for low- to moderate-income communities. It features interactive content to enhance reading skills. The initiative aims to close literacy gaps and foster reading proficiency, crucial for future success. Launching in September, families and community organizations can access the program at no cost.