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.
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.
Truist Financial Corporation (NYSE: TFC) announced that its President and COO, William H. Rogers, Jr., will present at the Credit Suisse 22nd Annual Financial Services Forum on Feb. 25, 2021, at 1:50 p.m. ET. This event will be held virtually, with a live audio webcast and presentation materials accessible on the company's investor relations website. Truist, based in Charlotte, North Carolina, boasts total assets of $509 billion as of December 31, 2020, and provides a wide range of financial services across the U.S.
Truist Bank has announced the redemption of all $700,000,000 in principal of its 2.85% Senior Notes, due April 1, 2021, effective on the redemption date of March 1, 2021. The redemption price will be 100% of the principal amount plus accrued interest until the redemption date. Interest will cease to accrue post-redemption. U.S. Bank National Association will act as the paying agent for the notes. Truist Financial Corporation, 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.
Truist Financial Corporation (NYSE: TFC) has announced a quarterly cash dividend of $0.45 per common share, payable on March 1, 2021, for shareholders on record by February 12, 2021. Additionally, regular cash dividends for various series of preferred stock have also been declared, with payment dates aligning on March 1, 2021, and March 15, 2021 for some. Truist, headquartered in Charlotte, NC, is the sixth-largest commercial bank in the U.S., boasting total assets of $509 billion as of December 31, 2020.
Truist Financial Corporation (NYSE: TFC) has announced the redemption of all $1 billion principal amount of its 2.90% Senior Notes due March 3, 2021, effective February 3, 2021. The redemption price will be 100% of the principal plus accrued interest. Payment will be processed through The Depository Trust Company. As of December 31, 2020, Truist's total assets stood at $509 billion, making it the sixth-largest commercial bank in the U.S.
Truist Financial Corporation (TFC) reported a strong fourth quarter for 2020, with net income of $1.2 billion, a 74.9% increase year-over-year, and earnings per share of $0.90, up 20%. Adjusted net income reached a record $1.6 billion, or $1.18 per diluted share, bolstered by strong performances in their insurance and investment banking sectors. The bank's adjusted efficiency ratio improved to 55.9%. However, noninterest expenses rose to $3.8 billion, influenced by merger-related costs. The provision for credit losses decreased significantly to $177 million, reflecting improved asset quality.
Truist Financial Corporation (NYSE: TFC) announced the redemption of all outstanding shares of its 5.200% Series F and Series G Non-Cumulative Perpetual Preferred Stock, including 18 million and 20 million depositary shares respectively. The redemptions will take place on March 1, 2021, at a redemption price of $25 per depositary share, equivalent to $25,000 per preferred share. Accrued dividends will not be included in the redemption price. Payment will be made through Computershare Trust Company, N.A., the appointed redemption agent.