Truist Announces New $10B Common Stock Repurchase Program

Rhea-AI Summary

Truist Financial (NYSE: TFC) announced a new $10 billion common stock repurchase program, effective immediately with no expiration date.

The authorization replaces the prior program, which had approximately $1.5 billion of repurchases remaining. Repurchases may be executed via open-market purchases, privately negotiated transactions, Rule 10b5-1 plans, or other means, and are subject to Truist's capital and liquidity positions, regulatory considerations, financial performance, alternative capital uses, and market conditions. The program does not obligate Truist to buy a specific dollar amount or number of shares and may be modified or discontinued at any time.

Total assets reported were $544 billion as of September 30, 2025.

Positive

• $10 billion repurchase authorization, effective immediately
• Replaces prior program with $1.5 billion remaining
• Repurchases allowed via open market and 10b5-1 plans

Negative

• No obligation to repurchase; program may be modified or discontinued
• Repurchases subject to capital, liquidity, and regulatory constraints

Key Figures

New repurchase authorization $10 billion Maximum common stock buybacks under new program

Prior program remaining $1.5 billion Remaining capacity on prior share-repurchase program replaced by new plan

Total assets $544 billion Truist total assets as of September 30, 2025

Prime lending rate 6.75% Prime rate effective December 11, 2025 (from recent news event)

Prior prime rate 7.00% Prime rate before 25 bps reduction (from recent news event)

Senior notes issuance $1,250,000,000 4.964% Fixed-to-Floating Rate notes due October 23, 2036

Bank notes issuance $1,250,000,000 4.136% Fixed-to-Floating Rate Senior Bank Notes due October 23, 2029

13F aggregate value $73,969,032,604 Aggregate value of 5,089 positions in latest Form 13F-HR

Market Reality Check

$50.74 Last Close

Volume Volume 6,243,692 is below 20-day average 7,672,466 (relative volume 0.81). normal

Technical Price 49.74 is above 200-day MA 42.9 and within $1 of 52-week high 50.43.

Peers on Argus

Peers show mixed moves: ITUB up 0.4%, DB flat, USB down 0.2%, PNC down 0.52%, NU down 2.2%, suggesting this buyback news is company-specific rather than a broad sector driver.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 10	Rate change update	Neutral	+0.3%	Announced 25 bps cut in prime lending rate to 6.75%.
Dec 10	Digital platform launch	Positive	+3.4%	Launched modern mobile-forward investment and portfolio platform.
Dec 09	Earnings scheduling	Neutral	+0.5%	Announced timing and access details for Q3 2025 results call.
Dec 02	Research expansion	Positive	-0.2%	Added nine hires to broaden equity research and trading coverage.
Nov 26	Leadership appointment	Positive	-0.2%	Hired new tech, data and operations leader for consumer banking.

Pattern Detected

Recent operational and strategic announcements have generally seen modest price reactions, with some positive initiatives met by mixed short-term trading responses.

Recent Company History

Over the past few weeks, Truist reported several corporate updates, including a prime rate reduction to 6.75% effective Dec 11, 2025 and multiple references to total assets of $544 billion as of key dates in 2025. The company highlighted digital wealth enhancements and expanded equity research coverage in high‑growth sectors, alongside a senior technology hire for consumer and small business banking. These developments underscore a focus on balance sheet management, digital transformation, and capital markets capabilities, setting the backdrop for today’s newly authorized share repurchase program of up to $10 billion.

Market Pulse Summary

This announcement introduces a new share-repurchase program of up to $10 billion with no expiration date, replacing a prior program that had about $1.5 billion remaining. It comes as Truist trades above its 200-day MA of 42.9 and near a 52-week high of $50.43, with total assets of $544 billion as of September 30, 2025. Investors may focus on actual buyback execution, capital and liquidity conditions, and future regulatory developments affecting large banks.

Key Terms

rule 10b5-1 plans regulatory

"including through Rule 10b5-1 plans and other programs, at the discretion"

A Rule 10b5-1 plan is a prearranged schedule that lets company insiders buy or sell stock at set times or prices, set up when they do not possess confidential information. It acts like an automatic thermostat for trades, reducing the risk that otherwise-timed transactions could be accused of insider trading. Investors care because such plans increase transparency about insider activity and signal when insider trades are routine rather than reactive to private news.

fdic regulatory

"Truist Bank, Member FDIC. Learn more at Truist.com."

The Federal Deposit Insurance Corporation (FDIC) is a U.S. government agency that protects individual and business bank deposits by insuring accounts up to a set limit, acting like a safety net for savers if a bank fails. It matters to investors because FDIC insurance reduces the chance of sudden losses for depositors, supports confidence in the banking system, and can influence the perceived risk and stock value of banks and financial firms.

forward-looking statements regulatory

"Forward-Looking StatementsThis release contains forward-looking statements within the meaning"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

form 10-k regulatory

"Risk Factors) in Truist's most recently filed Annual Report on Form 10-K and in"

A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.

form 10-q regulatory

"subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, or Current"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

form 8-k regulatory

"Report on Form 10-K, Quarterly Report on Form 10-Q, or Current Report on Form 8-K."

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

AI-generated analysis. Not financial advice.

CHARLOTTE, N.C., Dec. 16, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that its Board of Directors has authorized a new share-repurchase program of up to $10 billion of the company's outstanding common stock. The authorization is effective immediately and does not have an expiration date.

This authorization replaces the prior share-repurchase program, which had approximately $1.5 billion in common stock repurchases remaining, and reflects Truist's ongoing commitment to delivering long-term value to shareholders while maintaining strong capital levels to support clients and communities.

Repurchases under this program may be made from time to time through open market purchases, privately negotiated transactions, or other means, including through Rule 10b5-1 plans and other programs, at the discretion of management and on terms (including quantity, timing, and price) that management determines to be advisable. Actions in connection with the share-repurchase program will be subject to various factors, including Truist's capital and liquidity positions and related internal frameworks, accounting and regulatory considerations (including any changes to capital, liquidity, and other regulatory requirements that may be proposed or adopted by the U.S. banking agencies), Truist's financial and operational performance, alternative uses of capital, the trading price of Truist's common stock, and general market conditions. The share-repurchase program does not obligate Truist to acquire a specific dollar amount or number of shares and may be modified or discontinued at any time.

About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $544 billion as of September 30, 2025. Truist Bank, Member FDIC. Learn more at Truist.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as "believe," "expect," "anticipate," "intend," "pursue," "seek," "continue," "estimate," "project," "outlook," "forecast," "potential," "target," "objective," "trend," "plan," "goal," "initiative," "priorities," or other words of comparable meaning or future-tense or conditional verbs such as "may," "will," "should," "would," or "could." In particular, forward-looking statements by Truist include statements Truist makes about future share repurchases, its commitment to delivering long-term value to shareholders, and its ability to maintain strong capital levels. Forward-looking statements convey Truist's expectations, intentions, or forecasts about future events, circumstances, or results. All forward-looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond Truist's control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, and results may differ materially from those set forth in any forward-looking statement. While no list of assumptions, risks, and uncertainties could be complete, some of the factors that may cause actual results or other future events or circumstances to differ from those in Truist's forward-looking statements include the risks and uncertainties more fully discussed in Part I, Item 1A (Risk Factors) in Truist's most recently filed Annual Report on Form 10-K and in Truist's subsequent filings with the Securities and Exchange Commission. Any forward-looking statement made by Truist or on its behalf speaks only as of the date that it was made. Truist does not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that Truist may make in any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, or Current Report on Form 8-K.

 

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SOURCE Truist Financial Corporation

FAQ

What did Truist (TFC) announce on December 16, 2025 about share repurchases?

Truist authorized a new $10 billion common stock repurchase program, effective immediately with no expiration date.

Does the Truist (TFC) $10B program replace an earlier buyback?

Yes; it replaces the prior program, which had about $1.5 billion in remaining repurchases.

How will Truist (TFC) execute repurchases under the $10B program?

Repurchases may be made via open-market purchases, privately negotiated transactions, or Rule 10b5-1 plans at management's discretion.

Is Truist (TFC) required to repurchase the full $10 billion?

No; the program does not obligate Truist to acquire a specific dollar amount or number of shares.

What factors could limit Truist (TFC) buybacks under the new program?

Repurchases are subject to Truist's capital and liquidity positions, accounting and regulatory considerations, financial performance, and market conditions.