Truist announces redemption of senior notes due May 2027

Truist Bank (NYSE:TFC) will redeem all $1.25 billion of its fixed-to-floating rate senior notes due May 20, 2027 on May 20, 2026.

Rhea-AI Summary

Truist Bank (NYSE:TFC) will redeem all $1.25 billion of its fixed-to-floating rate senior notes due May 20, 2027 on May 20, 2026.

Holders will receive 100% of principal plus accrued and unpaid interest to, but excluding, the redemption date; interest stops accruing after that date.

Positive

• Redemption of $1.25 billion senior notes due 2027 on May 20, 2026

Negative

• None.

Argus May 12 session

-0.38% close to close Open Argus

Details

News Market Reaction – TFC

In the May 12 session, TFC declined 0.38%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details Truist’s plan to redeem $1,250,000,000 of fixed-to-floating rate senior no...

Analysis

This announcement details Truist’s plan to redeem $1,250,000,000 of fixed-to-floating rate senior notes due 2027 on May 20, 2026 at 100% of principal plus accrued interest. It follows a period of solid reported results, including Q1 2026 net income of $1,481 million and assets of about $549 billion. Investors may track how this redemption interacts with earlier senior debt issuance, ongoing share repurchases, and future filings describing Truist’s funding and capital strategy.

Key Figures

Senior notes principal: $1,250,000,000 Redemption price: 100% of principal Redemption date: May 20, 2026 +5 more

Senior notes principal

$1,250,000,000

Fixed-to-floating rate senior notes due May 20, 2027

Redemption price

100% of principal

Plus accrued and unpaid interest to, but excluding, May 20, 2026

Redemption date

May 20, 2026

Date Truist will redeem the senior notes

Total assets

$549 billion

Truist total assets as of March 31, 2026

Q1 2026 net income

$1,481 million

Net income for first quarter 2026 (10-Q)

Prior-year net income

$1,261 million

Net income for same quarter a year earlier (10-Q)

Diluted EPS

$1.09

Q1 2026 diluted EPS versus $0.87 a year earlier

Share repurchases

22.2 million shares for about $1.1 billion

Capital returned during recent period (10-Q)

Historical Context

5 past events · Latest: Apr 28

5 events

1. Apr 28

   Dividend declaration

   24h Move

   -1.0%

   Board declared common and preferred stock dividends for upcoming payment dates.

2. Apr 17

   Earnings results

   24h Move

   +2.3%

   Reported first quarter 2026 results and hosted earnings conference call.

3. Apr 07

   Community initiative

   24h Move

   +0.4%

   Veteran Loan Fund accelerator launched with Truist Foundation support for businesses.

4. Mar 18

   Earnings call notice

   24h Move

   -1.7%

   Announced timing and access details for upcoming Q1 2026 earnings call.

5. Mar 12

   Open banking deal

   24h Move

   -2.8%

   Expanded open banking capabilities via data-access agreement with Plaid.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

fixed-to-floating rate senior notes, cusip, the depository trust company, fdic

4 terms

fixed-to-floating rate senior notes financial

"will redeem all $1,250,000,000 principal amount outstanding of its fixed-to-floating rate senior notes due May 20, 2027"

A fixed-to-floating rate senior note is a debt security that pays interest at a set rate for an initial period and then switches to a variable rate linked to a market benchmark; “senior” means it has higher priority than other debt if the issuer faces trouble. For investors it matters because the switch changes income predictability and exposure to interest-rate swings, while senior status affects the relative safety and recovery prospects of the investment—think of it as a loan that starts with a steady paycheck and later becomes tied to the economy’s pulse.

cusip financial

"fixed-to-floating rate senior notes due May 20, 2027, (CUSIP 89788JAE9) on the redemption date"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

the depository trust company financial

"Payment of the redemption price for the senior notes will be made through the facilities of The Depository Trust Company."

The Depository Trust Company is a large organization that safely manages and keeps electronic records of ownership for stocks, bonds, and other securities. It acts like a digital warehouse, making it easier and faster for investors to buy, sell, and transfer investments without needing physical paper certificates. This helps ensure transactions are secure, accurate, and completed smoothly.

fdic regulatory

"Truist Bank, Member FDIC. Equal Housing Lender."

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CHARLOTTE, N.C., May 11, 2026 /PRNewswire/ -- Truist Bank (NYSE: TFC) today announced it will redeem all $1,250,000,000 principal amount outstanding of its fixed-to-floating rate senior notes due May 20, 2027, (CUSIP 89788JAE9) on the redemption date of May 20, 2026.

The redemption price for the senior notes will be equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date. Interest on the senior notes will cease to accrue on and after the redemption date.

Payment of the redemption price for the senior notes will be made through the facilities of The Depository Trust Company.

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 $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/truist-announces-redemption-of-senior-notes-due-may-2027-302766371.html

SOURCE Truist Financial Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What senior notes is Truist (NYSE:TFC) redeeming in May 2026?

Truist is redeeming all $1.25 billion principal of its fixed-to-floating rate senior notes due May 20, 2027. According to Truist, these notes, identified by CUSIP 89788JAE9, will be fully redeemed on May 20, 2026 through Depository Trust Company facilities.

When will Truist TFC redeem its senior notes due May 2027?

Truist will redeem the senior notes due May 20, 2027 on May 20, 2026. According to Truist, this date is the official redemption date, and interest on the notes will cease to accrue on and after that day for all outstanding principal.

What redemption price will Truist pay for the TFC senior notes due 2027?

Truist will pay a redemption price equal to 100% of the principal amount of the notes. According to Truist, holders will also receive accrued and unpaid interest up to, but excluding, May 20, 2026, when interest on these senior notes stops accruing.

How will Truist’s May 2026 note redemption affect holders of the 2027 senior notes?

Holders will receive full principal plus accrued and unpaid interest up to the redemption date. According to Truist, after May 20, 2026, interest on the redeemed senior notes will no longer accrue, and payments will be processed via Depository Trust Company systems.

How large is Truist compared with other commercial banks as of March 31, 2026?

Truist is described as a top-10 U.S. commercial bank with total assets of $549 billion. According to Truist, the company serves high-growth markets, offering consumer, commercial, corporate, investment banking, wealth management, payments, and specialized lending products and services.