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 has received an "Outstanding" rating from the Federal Deposit Insurance Corporation for its Community Reinvestment Act performance during the examination from Jan. 1, 2017, to Dec. 31, 2019. The company originated nearly 40,000 mortgage loans worth $9.6 billion, funded over 26,600 affordable housing units, and issued 1,773 loans totaling $6.3 billion. Truist aims to lend or invest $60 billion to low- and moderate-income communities through its Community Benefits Plan, achieving significant targets in both mortgage lending and philanthropic efforts.
Truist Financial Corporation (NYSE: TFC) announced the redemption of $1.25 billion of its 2.050% senior notes due on May 10, 2021. The redemption will occur on April 9, 2021, at a price equal to 100% of the principal amount plus accrued interest up to the redemption date. Interest will cease to accrue after this date. Truist, 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.
Greenwood, a digital banking platform catering to Black and Latino communities, has successfully closed $40 million in Series A funding from top financial institutions including Truist, Bank of America, and Visa. This funding aims to enhance economic empowerment and racial equity in banking. As of March 2021, Greenwood boasts over 500,000 community members and plans to provide innovative financial products and services, while strengthening historically Black banks. Truist Ventures, the lead investor, emphasizes commitment to minority communities.
Sheffield Financial, part of Truist Bank, has renewed its multiyear financing services program with Kawasaki Motors Corp., U.S.A. This partnership, ongoing since 2009, facilitates innovative financing solutions for Kawasaki's powersports dealers nationwide. Sheffield has financed over $30 billion in loans since 1992 and services a diverse dealer network, enhancing Kawasaki's customer offerings. Truist, as the sixth-largest U.S. commercial bank, continues to expand its market presence through such strategic alliances.
Sheffield Financial, a division of Truist Bank, and ICON EV have entered into a multiyear financing agreement to facilitate consumer financing for ICON's dealer network. This partnership aims to enhance the ICON brand while providing flexible financing solutions, which will benefit both consumers and dealers. Sheffield Financial, which has financed over $30 billion in loans since 1992, will offer services across all 50 states for outdoor power equipment and power sports. Truist Corporation, the parent company, 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) will announce its first-quarter 2021 financial results on April 15, 2021, before the market opens. Key executives, including CEO Kelly S. King and CFO Daryl N. Bible, will host a conference call at 8 a.m. ET to discuss the results. Investors can listen live via a webcast or dial in using the provided number. Truist, formed from the merger of BB&T and SunTrust, is a leading financial services provider in the U.S. with total assets of $509 billion as of December 31, 2020.
The EPIC Foundation has announced that it received a $25,000 grant from Truist Foundation to enhance its STEM programs for high school students. This funding aims to support students transitioning to virtual learning due to the COVID-19 pandemic through its STEM E-Mentoring program. EPIC projects that at least 80% of participating students will pursue STEM careers. The EPIC Foundation focuses on providing scholarships, mentorship, and career pathway guidance to disadvantaged students in South Florida.
Truist Financial Corporation (NYSE: TFC) announced that CEO Kelly S. King will present at the RBC Capital Markets Global Financial Institutions Conference on March 9, 2021, at 10:40 a.m. ET. The event will be hosted virtually. Interested parties can access a live audio webcast on Truist's investor relations website, with a replay available for 30 days. This follows the company's commitment to inspire better lives through its extensive range of financial services and a strong market presence, holding $509 billion in assets as of December 31, 2020.
Truist Financial Corporation (NYSE: TFC) has issued its first social bond, raising $1.25 billion to support social programs like affordable housing. The bond was heavily oversubscribed, attracting over 120 investors and demonstrating strong market confidence despite volatility. The fixed-to-floating rate notes are due March 2, 2027. This initiative aligns with Truist's commitment to its ESG strategy, with notable achievements in environmental and social initiatives, including a $60 billion Community Benefits Plan and significant community development loans.
SunTrust Real Estate Investment Corporation, a subsidiary of Truist Bank, will redeem all 1,000 shares of its Series B Non-Cumulative Exchangeable Preferred Stock on March 31, 2021, at a price of $100,000 per share. Dividends for the current period will be paid to holders of record on March 15, 2021. The preferred stock is managed through The Depository Trust Company, with Computershare Trust Company acting as the redemption agent. Truist Financial Corporation, trading under the symbol TFC, is committed to enhancing lives and communities, with total assets of $509 billion as of December 31, 2020.