Truist Financial Corp (N:TFC)

Jan 06, 2021 07:00 am ET
Truist Announces Agreements to Sell its Institutional Retirement Business
CHARLOTTE, N.C., Jan. 6, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announces it has sold its institutional 401(k) investment advisory services business to OneDigital Investment Advisors (OneDigital), and that it has signed definitive agreements to sell its institutional 401(k) recordkeeping businesses to Ascensus and Empower Retirement (Empower). The OneDigital transaction closed Dec. 31, 2020; the Ascensus and Empower transactions are scheduled to close in the first quarter of 2021....
Dec 23, 2020 05:17 pm ET
Truist announces increased capital flexibility for 2021
CHARLOTTE, N.C., Dec. 23, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced increased capital flexibility following the release of the second round of bank stress tests by the Federal Reserve. The Federal Reserve modified its prior restrictions on capital distributions, allowing Truist to maintain its per share common stock dividend and repurchase common stock, provided that the aggregate capital distributions do not exceed the average amount of the firm's net income over the four preceding calendar quarters. The Federal Reserve would also allow Truist to redeem T...
Dec 15, 2020 03:08 pm ET
Truist Announces Redemption of Senior Notes due February 2021
CHARLOTTE, N.C., Dec. 15, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem on January 1, 2021, all $1,000,000,000 principal amount outstanding of its 2.150% Series G Senior Notes due February 1, 2021 (CUSIP No. 05531FAZ6) and all $300,000,000 principal amount outstanding of its Series G Floating Rate Senior Notes due February 1, 2021 (CUSIP No. 05531FBA0) (collectively, the "Senior Notes")....
Dec 07, 2020 12:00 pm ET
Truist Announces Fourth-Quarter 2020 Earnings Call Details and Updates Its 2021 Earnings Conference Call Schedule
CHARLOTTE, N.C., Dec. 7, 2020 /PRNewswire/ -- As previously announced, Truist Financial Corporation (NYSE: TFC) will report fourth-quarter 2020 financial results before the market opens on Thursday, Jan. 21, 2021. Chairman and Chief Executive Officer Kelly S. King and Chief Financial Officer Daryl N. Bible will host a conference call to review the company's financial results at 8 a.m. ET....
Dec 03, 2020 07:54 am ET
Truist Foundation supports American Red Cross humanitarian mission through Annual Disaster Giving Program
WASHINGTON, Dec. 3, 2020 /PRNewswire/ -- Today, the American Red Cross is recognizing Truist Foundation, headquartered in Charlotte, North Carolina, for supporting Red Cross Disaster Relief through the Annual Disaster Giving Program (ADGP) with an annual grant of $1 million. Thanks to forward-thinking contributions in advance of disasters, the Red Cross is prepared to help meet the needs of people affected by disasters big and small, anytime and anywhere across the U.S....
Nov 24, 2020 07:00 am ET
Truist to Present at the Goldman Sachs US Financial Services Conference
CHARLOTTE, N.C., Nov. 24, 2020 /PRNewswire/ -- Truist Financial Corporation Chairman and Chief Executive Officer, Kelly S. King, will present at the Goldman Sachs U.S. Financial Services Conference on Tuesday, Dec. 8, 2020, at 10 a.m. ET.  The conference will be held virtually....
Nov 16, 2020 09:00 am ET
Truist hires Karakaplan to lead newly formed Enterprise Payments Group
CHARLOTTE, N.C., Nov. 16, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced Sal Karakaplan has been hired as head of its newly formed Enterprise Payments Group. ...
Nov 12, 2020 09:06 am ET
Truist Awards $2.5 Million Grant to TechSoup COVID Recovery Fund
SAN FRANCISCO, Nov. 12, 2020 /PRNewswire/ -- TechSoup, the leading nonprofit network provider of technology solutions to civil society organizations globally, today announced that it has received a $2.5 million grant from Truist Financial Corporation to support the TechSoup COVID Recovery Fund, a gap-filling funding measure that helps grassroots nonprofits make critical technology investments while continuing to serve the most vulnerable communities through the coronavirus crisis and into the future....
Nov 03, 2020 07:55 am ET
Truist to Participate at Bank of America Securities Future of Financials Conference
CHARLOTTE, N.C., Nov. 3, 2020 /PRNewswire/ -- Truist Financial Corporation President and Chief Operating Officer, William H. Rogers, Jr., will participate in the Bank of America Securities Future of Financials Conference on Tuesday, Nov. 10, 2020, at 11:20 a.m. ET.  The conference will be held virtually....
Oct 29, 2020 03:29 pm ET
Truist CFO to Present at the BancAnalysts Association of Boston Conference
CHARLOTTE, N.C., Oct. 29, 2020 /PRNewswire/ -- Truist Financial Corporation Chief Financial Officer, Daryl N. Bible, will present at the BancAnalysts Association of Boston Conference on Friday, Nov. 6, 2020, at 8 a.m. ET.  The conference will be held virtually....
Oct 29, 2020 10:09 am ET
Truist Announces 2021 Earnings Conference Calls
CHARLOTTE, N.C., Oct. 29, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced plans to host conference calls to review quarterly financial results on the following dates:...
Oct 27, 2020 04:06 pm ET
Truist Declares Common and Preferred Stock Dividends
CHARLOTTE, N.C., Oct. 27, 2020 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.45 per common share, payable on December 1, 2020, to shareholders of record at the close of business on November 13, 2020....
Oct 20, 2020 09:00 am ET
Truist Expands Industry Consulting Team with Focus on Beverage Industry
CHARLOTTE, N.C., Oct. 20, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announces the expansion of the Truist Commercial Community Banking Industry Consulting team, adding the beverage sector to its growing list of industry specialties.  ...
Oct 19, 2020 08:00 am ET
Truist Introduces Vinoo Vijay as Chief Marketing Officer
CHARLOTTE, N.C., Oct. 19, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced Vinoo Vijay has been hired as the company's chief marketing officer. Vijay will oversee all of marketing, including brand strategy, line of business marketing, multicultural marketing, sports and entertainment marketing, digital marketing, direct and regional marketing, as well as social, creative and advertising....
Oct 15, 2020 05:45 am ET
Truist Reports Third Quarter 2020 Results
Earnings of $1.1 billion, or $0.79 per diluted share...
Oct 15, 2020 05:45 am ET
Truist Reports Third Quarter 2020 Results
CHARLOTTE, N.C., Oct. 15, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today reported earnings for the third quarter of 2020. ...
Oct 14, 2020 05:03 pm ET
Truist to Participate in Moody's Banking Series on October 19
CHARLOTTE, N.C., Oct. 14, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced Chairman and Chief Executive Officer Kelly S. King will speak at a virtual Moody's Banking Series event on Monday, Oct. 19, 2020, at 9:00 a.m. Eastern....
Sep 16, 2020 09:21 am ET
Veem Secures $31M in Strategic Funding Round Led by Truist Ventures
Veem, the fast-growing global payments network built for businesses, today announced the closing of a $31M capital raise, led by Truist Ventures, the corporate venture capital division of Truist Financial Corporation (NYSE: TFC) — the 6th largest...
Aug 03, 2020 09:00 am ET
Truist Securities: Corporate and Investment Banking Powerhouse Created by Combination of SunTrust Robinson Humphrey and BB&T Capital Markets
ATLANTA, Aug. 3, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that its corporate and investment banking businesses, SunTrust Robinson Humphrey and BB&T Capital Markets, have integrated and are now doing business as Truist Securities. ...
Jul 28, 2020 02:01 pm ET
Truist Declares Common and Preferred Stock Dividends
CHARLOTTE, N.C., July 28, 2020 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.45 per common share, payable on September 1, 2020, to shareholders of record at the close of business on August 14, 2020....
Jul 16, 2020 05:45 am ET
Truist Reports Second Quarter 2020 Results
CHARLOTTE, N.C., July 16, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today reported earnings for the second quarter of 2020. ...
Jul 16, 2020 05:45 am ET
Truist Reports Second Quarter 2020 Results
Earnings of $902 million, or $0.67 per diluted share...
Jun 30, 2020 10:00 am ET
Moore-Wright Joins Truist Executive Leadership Team
CHARLOTTE, N.C., June 30, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) announced today that Chief Human Resources Officer Kimberly Moore-Wright has been named to the Truist Executive Leadership team, effectively immediately. Moore-Wright will help drive and deliver on Truist's purpose, mission and values for its 58,000 teammates, overseeing the organization's recruiting, retention and promotion practices, as well as meeting the evolving needs of a multigenerational and diverse workforce. ...
Jun 30, 2020 07:57 am ET
Truist Releases Results of its Company-Run DFAST Stress Test, Receives Preliminary Stress Capital Buffer
CHARLOTTE, N.C., June 30, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) ("Truist" or "the Company") today released the results of its annual company-run stress test conducted in accordance with regulations of the Board of Governors of the Federal Reserve System ("Federal Reserve") and the Federal Deposit Insurance Corporation under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The results of Truist's annual company-run stress test are available at https://IR.Truist.com/other-filings....
Jun 29, 2020 12:50 pm ET
BB&T Insurance Holdings Rebrands as Truist Insurance Holdings
CHARLOTTE, N.C., June 29, 2020 /PRNewswire/ -- BB&T Insurance Holdings, Inc., a subsidiary of Truist Bank, today announced that it is now doing business as Truist Insurance Holdings, Inc. ...
Jun 16, 2020 09:23 am ET
Truist Announces Second-Quarter 2020 Earnings Conference Call Details
CHARLOTTE, N.C., June 16, 2020 /PRNewswire/ -- As previously announced, Truist Financial Corporation (NYSE: TFC) will report its second-quarter 2020 financial results before the market opens on Thursday, July 16, 2020.  Chairman and Chief Executive Officer Kelly S. King and Chief Financial Officer Daryl N. Bible will host a conference call to review the company's financial results at 8:00 a.m. Eastern Time....
Jun 10, 2020 06:30 am ET
BB&T now Truist Named No. 1 Mobile Banking App Among National U.S. Banks by J.D. Power
CHARLOTTE, N.C., June 10, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that BB&T now Truist has earned the number one ranking in the J.D. Power 2020 U.S. Banking Mobile App Satisfaction Study SM among national U.S. banks. After evaluating the ten largest U.S. national banks mobile banking apps, U by BB&T now Truist's mobile banking app rose to the top spot in customer satisfaction – with top performance in the information/content and speed factors - for the first time leading this category against larger, national competitors. ...
May 29, 2020 10:45 am ET
Truist to Participate in the Morgan Stanley Virtual US Financials Conference
CHARLOTTE, N.C., May 29, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced Chairman and Chief Executive Officer Kelly S. King will speak at the Morgan Stanley Virtual US Financials Conference on Tuesday, June 9, 2020, at 11:00 am ET....
May 20, 2020 07:30 am ET
Truist Doubles its Commitment to COVID-19 Relief Efforts, Totaling $50 Million
CHARLOTTE, N.C., May 20, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will commit an additional $25 million philanthropic pledge as part of its Truist Cares initiative, now totaling $50 million. The financial services company launched Truist Cares* earlier this year in response to the COVID-19 pandemic to meet the immediate and long-term needs of communities, clients and teammates. This additional funding will target underserved community segments, providing resources for small businesses and essential technology services in areas with limited access. ...
May 14, 2020 04:06 pm ET
Truist Announces Redemption of Fixed Rate Senior Notes
CHARLOTTE, N.C., May 14, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced the redemption on May 29, 2020, of all of its outstanding 2.625% Series E (Senior) Medium-Term Notes due June 29, 2020 (CUSIP No. 05531FAU7).  The redemption price for the Notes will be equal to 100% of their principal amount plus accrued and unpaid interest to, but excluding, the redemption date....
May 13, 2020 09:00 am ET
Truist Empowers 1 Million High School Students with Financial Foundations Program
CHARLOTTE, N.C., May 13, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Truist Financial Foundations, its digital financial education program, has reached more than 1 million high school learners across 15 states and Washington, D.C. Since 2010, these online lessons have empowered high school students with the knowledge and skills to confidently navigate the modern financial world. Truist Financial Foundations is powered and delivered to schools by EVERFI, the leading social impact education innovator. ...
May 11, 2020 03:15 pm ET
Truist to Present at the Barclays Americas Select Franchise Conference
CHARLOTTE, N.C., May 11, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chairman and Chief Executive Officer Kelly S. King and Chief Financial Officer Daryl N. Bible will present at the Barclays Americas Select Franchise Conference held virtually on Thursday, May 14, 2020, at 10:00 a.m. ET....
Apr 28, 2020 11:16 am ET
Truist Declares Quarterly Stock Dividends
CHARLOTTE, N.C., April 28, 2020 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation declared a regular quarterly cash dividend of $0.45 per common share, payable on June 1, 2020, to shareholders of record at the close of business on May 15, 2020.  Truist has paid a cash dividend to shareholders of its common stock every year since 1903....
Apr 20, 2020 04:10 pm ET
Truist Bank Announces Redemption of Senior Notes due June 2020
CHARLOTTE, N.C., April 20, 2020 /PRNewswire/ -- Truist Bank today announced the redemption on May 1, 2020, of all of its outstanding 2.250% Senior Notes due June 1, 2020 (CUSIP No. 07330NAR6) and Floating Rate Senior Notes due June 1, 2020 (CUSIP No. 07330NAS4).  The redemption price for the Senior Notes will be equal to 100% of the principal amount of the Senior Notes (par), plus accrued and unpaid interest thereon to, but excluding, the redemption date of May 1, 2020....
Apr 20, 2020 05:45 am ET
Truist Reports First Quarter 2020 Results
CHARLOTTE, N.C., April 20, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today reported earnings for the first quarter of 2020. ...
Apr 20, 2020 05:45 am ET
Truist Reports First Quarter 2020 Results
CHARLOTTE, N.C., April 20, 2020 /CNW/ -- Truist Financial Corporation (NYSE: TFC) today reported earnings for the first quarter of 2020. ...
Apr 02, 2020 04:05 pm ET
Truist 2020 Annual Shareholders' Meeting to be Virtual
CHARLOTTE, N.C., April 2, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that its Annual Shareholders' Meeting on April 28, 2020, will be held virtually to protect the health and well-being of attendees, and accommodate travel and stay-at-home restrictions in place due to the COVID-19 pandemic. As previously announced, the meeting will commence at 11:00 a.m. (EDT) on April 28, and online access information is detailed below. ...
Apr 02, 2020 09:00 am ET
Truist Invests $10 million in Westside Future Fund
CHARLOTTE, N.C., April 2, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced Truist Community Capital is making a commitment of $10 million to Westside Future Fund's (WFF) Real Estate Investment Fund to provide financing for and acquisition of community development projects in Atlanta's Westside neighborhood....
Mar 31, 2020 04:15 pm ET
Truist Completes Purchase of Truist Center
CHARLOTTE, N.C., March 31, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it has completed the purchase announced last year of Truist Center, formerly Hearst Tower, Charlotte's iconic Class-A, 47-story office tower in the heart of Uptown. The 214 North Tryon Street office building, which opened in 2002 and now serves as Truist's corporate headquarters, was purchased for $455,500,000....
Mar 25, 2020 09:15 am ET
Truist Commits $2 Million to Support Small Businesses Affected by the COVID-19 Pandemic
CHARLOTTE, N.C., March 25, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced a commitment of $1 million each to LiftFund and Natural Capital Investment Fund, community development financial institutions (CDFIs), to support small businesses affected by the COVID-19 pandemic in communities that Truist serves. The $2 million commitment is part of the financial services company's Truist Cares initiative with a focus on Truist Cares for Small Businesses. The initiative is a $25 million philanthropic pledge to support basic needs, medical supplies and financial hardship...
Mar 19, 2020 12:54 pm ET
Truist Adapts Branch Banking Approach to Care for Clients and Teammates
CHARLOTTE, N.C., March 19, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that, beginning Saturday, March 21, it will implement several changes to its branch banking services to continue to serve clients in this difficult time while ensuring the health and well-being of our teammates and communities. For most locations, this includes continued access through drive-thru lanes and in-branch consultations by appointment only. ...
Mar 18, 2020 05:08 pm ET
Truist commits $250,000 to Atlanta Braves' Relief Fund
CHARLOTTE, N.C., March 18, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will be awarding a grant of $250,000 to the Atlanta Braves' Relief Fund to support the needs of hourly workers at Truist Park, CoolToday Park and each of the Minor League Baseball facilities operated by the Braves in response to the COVID-19 pandemic. This grant is in response to the Braves' $1 million commitment to support its baseball family during this time and is part of the Truist Cares initiative – the financial services company's $25 million pledge in philanthropic support that ...
Mar 17, 2020 08:00 am ET
Truist announces COVID-19 relief measures for communities, clients and teammates
CHARLOTTE, N.C., March 17, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced its Truist Cares initiative to support the short-term and long-term needs of communities, clients and teammates in response to the COVID-19 pandemic. A pledge of $25 million in philanthropic support will aid in supporting basic needs, medical supplies, and financial hardship across the nation....
Mar 16, 2020 12:36 pm ET
Truist Lowers Prime Rate
CHARLOTTE, N.C., March 16, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it is decreasing its prime lending rate to 3.25 percent from 4.25 percent, effective immediately....
Jan 30, 2020 04:45 am ET
Truist Reports Fourth Quarter 2019 Results
Earnings of $702 million, or $0.75 per diluted share...

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