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.
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.
On May 24, 2021, Truist Insurance Holdings, a subsidiary of Truist Financial Corporation (NYSE: TFC), announced a definitive agreement to acquire Constellation Affiliated Partners from RedBird Capital Partners. This acquisition is expected to add approximately $160 million to annual revenue within Truist's wholesale division. The deal aims to enhance Truist's insurance offerings and expand its national programs business, effectively doubling its programs capacity. Notably, Constellation's specialties include contractors' general liability and professional liability.
Truist Financial Corporation (NYSE: TFC) has expanded its Commercial Community Bank's Industry Consulting team by adding experts in the waste and environmental services and building products sectors. The bank, serving businesses with revenues between $2 million and $500 million, aims to enhance client relationships with tailored solutions. Prachi Wagner and Matt Roth will lead these new specialties, bringing extensive experience to the roles. Truist's industry expertise covers various fields, enhancing its competitive edge in the market.
Truist Financial Corporation (NYSE: TFC) announced that CFO Daryl N. Bible will present at the Barclays Americas Select Franchise Conference on May 18, 2021, at 7 a.m. ET. This event will be conducted virtually, and presentation materials along with a live audio webcast will be accessible on the company's investor relations website, ir.truist.com. A replay will be available for 30 days. Truist is the sixth-largest commercial bank in the U.S., with total assets of $518 billion as of March 31, 2021.
Truist Financial Corporation (NYSE: TFC) announces the redemption of all 18,600 shares of its 5.625% Series H Non-Cumulative Perpetual Preferred Stock on June 1, 2021. Each share will be redeemed at $25, totaling $465 million for the Series H Depositary Shares. Holders will receive regular dividends for the current quarter on June 1, 2021, but all dividends will cease to accrue after the redemption date. The redemption will be processed through The Depository Trust Company by Computershare Trust Company, N.A.