Truist Financial Corporation (TFC)

Truist Foundation announces new Inspire Awards Challenge to support adult workers in the age of AIJune 10, 2026 8:02 AM
PR Newswire (US) In collaboration with MIT Solve, Truist Foundation will provide more than $1 million in grants and in-kind services to nonprofits to help workers navigate AI-driven changesCHARLOTTE, N.C., June 10, 2026 /PRNewswire/ -- Truist Foundation today announced the launch of its fourth Inspire Awards, a capacity-building grant program for nonprofit organizations across the markets Truist Bank serves. This year's challenge aligns to Truist Foundation's focus on creating career pathways to economic mobility and aims to upskill adult workers navigating rapid technological change in the era of artificial intelligence (AI). The Inspire Awards Challenge is hosted in collaboration with Solve—an initiative of the Massachusetts Institute of Technology (MIT), whose mission is to find and scale innovative solutions to global problems. From now until Aug. 7, 2026, qualifying nonprofits can submit applications through MIT Solve that answer this question: How are nonprofits providing innovative direct services, training programs, and career navigation supports for adult workers in the age of AI? "Artificial intelligence is transforming the way people learn, work and prepare for the future. We want to elevate organizations that are helping workers adapt with confidence and gain access to opportunities that support long term stability," said Lynette Bell, head of Truist Philanthropy and president of Truist Foundation. "The Inspire Awards program continues to spotlight nonprofits that are innovating to create meaningful change for individuals, families and communities as the world around them rapidly evolves."Truist Foundation and MIT Solve will provide a six-month support and development program for a cohort of six nonprofit finalists to help transform ideas into actions and help finalists strengthen and scale their solutions. The program includes a comprehensive needs assessment, learning and development modules to help refine business plans, access to a network of resource partners and coaches, and more.At the conclusion of the support program, all finalists will receive a grant to help implement their project. The first-place nonprofit will receive a $250,000 grant, second place will receive a $150,000 grant, and a $25,000 grant will be given to each runner-up team. New this year, a Community Choice Award will earn one finalist an additional $75,000 grant—regardless of their status as a first-place, second-place or runner-up grant recipient. "Nonprofits are helping workers adapt to a changing economy as AI reshapes every sector," said Hala Hanna, executive director of MIT Solve. "Through our collaboration with Truist Foundation, we are elevating solutions that expand opportunity and ensure that workers across industries can thrive in the age of AI. The Inspire Awards creates a powerful space for innovators to test and scale ideas that meet the real needs of communities."The Truist Foundation Inspire Awards has become known as a space where nonprofits share and refine approaches that respond to community priorities around key economic mobility issues. Past finalists have contributed new ideas for career navigation, broadened access to training and credentialing, and helped workers pursue skills aligned with an evolving economy. The 2026-2027 program aims to build on this momentum by identifying organizations that are addressing the challenges and opportunities created by AI and emerging technologies.To learn more or apply, click here.About Truist Foundation
Truist Foundation is committed to Truist Financial Corporation's (NYSE: TFC) purpose to inspire and build better lives and communities. The Foundation, an endowed private foundation established in 2020 whose operating budget is independent of Truist Financial Corporation, makes strategic investments in a wide variety of nonprofit organizations centered around two focus areas: building career pathways to economic mobility and strengthening small businesses to ensure all communities have an equal opportunity to thrive. Embodying these focus areas are the Foundation's leading initiatives—the Inspire Awards and Where It Starts. Learn more at TruistFoundation.org. View original content to download multimedia:https://www.prnewswire.com/news-releases/truist-foundation-announces-new-inspire-awards-challenge-to-support-adult-workers-in-the-age-of-ai-302796451.htmlSOURCE Truist Foundation Original: Truist Foundation announces new Inspire Awards Challenge to support adult workers in the age of AI

Catherine Bessant joins Truist board of directorsJune 8, 2026 4:15 PM
PR Newswire (US) CHARLOTTE, N.C., June 8, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) announced today that its board appointed Catherine Bessant to join as a director. Bessant will serve on the board's risk committee.   "We're delighted to welcome Cathy, with her deep experience in financial services and philanthropy to the Truist board of directors," said Truist Chairman and CEO Bill Rogers. "Cathy's impressive track record of purpose-driven leadership and successful digital, technology and operational transformation on a global scale will serve Truist, our teammates, clients and stakeholders well."Bessant, inducted into American Banker's "Most Powerful Women in Banking" Hall of Fame in 2020 after multiple years ranked number one for industry influence and execution, most recently served as CEO of Foundation For The Carolinas, one of the largest community foundations in the U.S."I look forward to working alongside the Truist board to help advance the company's strategic direction and purpose to inspire and build better lives and communities," said Bessant. "I'm honored to join the board of such a great franchise in this exciting moment of industry transformation."Culminating a distinguished four-decade career at Bank of America, Bessant retired as vice chair, global strategy, and as a member of the company's executive management team. Prior to that, she was chief operations and technology officer, where she led the company's business continuity and information security strategies and policies. Earlier in her career, Bessant held numerous senior leadership roles, including president, global corporate banking; president, global product solutions and global treasury services; chief marketing officer; president, consumer real estate and community development banking; national small business segment executive; and president of the Florida market.Bessant serves on the board of directors of Zurich Insurance Group and is on the advisory board for—and a graduate of—the University of Michigan Ross School of Business. She's also the immediate past chair of the USA Field Hockey board of directors. Locally in the Queen City, she formerly chaired the North Tryon Vision Plan Advisory Committee and served as co-chair of the Charlotte-Mecklenburg Housing & Homelessness Strategy.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/catherine-bessant-joins-truist-board-of-directors-302794047.htmlSOURCE Truist Financial Corporation Original: Catherine Bessant joins Truist board of directors

Truist names Lindsey Stampone as regional president for Pennsylvania and New JerseyJune 8, 2026 8:45 AM
PR Newswire (US) Investments in talent and deeper client relationships drive Truist's growth in strategically important regionCHARLOTTE, N.C., June 8, 2026 /PRNewswire/ -- Truist Financial Corporation today announced Lindsey Stampone has been named regional president for Pennsylvania and New Jersey, leading one of the company's fastest-growing and strategically important regions. Over the past five years, Truist has expanded its presence in the region, growing its commercial loan and deposit portfolio to one of the largest among a dozen regions, driven by targeted investments in talent and deeper client relationships.Stampone joins Truist with nearly 20 years of commercial banking leadership experience.She previously held senior leadership roles across Bank of America's Global Commercial Bank, where she led growth strategies and delivered banking, treasury and capital markets solutions to middle market and large corporate clients.Most recently, Stampone served as New Jersey market executive for Bank of America's Global Commercial Bank. Her background includes leadership roles spanning business banking, treasury sales, national sales teams, and regional strategy and operations."Lindsey's leadership experience, client-first mindset, and commitment to people make her an exceptional fit for Truist and for the Pennsylvania and New Jersey markets," said Truist Head of Commercial Banking Jodie Hughes. "She embodies our purpose to inspire and build better lives and communities for clients, teammates and the markets we serve."In her new role, Stampone will:Set regional strategy and accelerate market growthStrengthen client relationships and market presenceDevelop high-performing teams that reflect Truist's purpose-driven culture"I'm excited to join Truist and to lead such a strong commercial and middle market banking team in Pennsylvania and New Jersey," said Stampone. "This is an important growth market, and I look forward to partnering across Wholesale Banking to support our clients, invest in our teams, and make a meaningful impact in the communities we serve."Stampone serves on the board of directors for the Community Food Bank of New Jersey and previously served on the board of the YWCA of Minneapolis. She resides in New Jersey with her family.She succeeds Travis Rhodes, who was previously named regional president of Truist's North Carolina West region.As a top-10 commercial bank, Truist combines local relationship management with national industry expertise to help commercial and middle market companies grow and operate with confidence. Truist partners with clients across every stage of the business lifecycle, bringing strategic advice, customized credit and financing, treasury and payments solutions, and capital markets capabilities to support growth, manage risk, and optimize cash flow.Through an integrated platform that includes corporate and investment banking, wealth management, and specialized industry teams, Truist delivers holistic financial solutions designed to meet the complex needs of today's businesses and their leaders.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-names-lindsey-stampone-as-regional-president-for-pennsylvania-and-new-jersey-302793360.htmlSOURCE Truist Financial Corporation Original: Truist names Lindsey Stampone as regional president for Pennsylvania and New Jersey

Truist announces redemption of senior notes due June 2027May 27, 2026 4:15 PM
PR Newswire (US) CHARLOTTE, N.C., May 27, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $1,500,000,000 principal amount outstanding of its fixed-to-floating rate senior notes due June 8, 2027, (CUSIP 89788MAN2) on the redemption date of June 8, 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-june-2027-302782196.htmlSOURCE Truist Financial Corporation Original: Truist announces redemption of senior notes due June 2027

Truist to speak at the Morgan Stanley U.S. Financials ConferenceMay 21, 2026 4:15 PM
PR Newswire (US) CHARLOTTE, N.C., May 21, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chief Financial Officer Mike Maguire will speak at the Morgan Stanley U.S. Financials Conference on Tuesday, June 9, 2026, at 11:15 a.m. ET. A live audio webcast will be available on the day of the conference at ir.truist.com under Events & Presentations. A replay of the webcast will be available on the website for 30 days.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 $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-to-speak-at-the-morgan-stanley-us-financials-conference-302768540.htmlSOURCE Truist Financial Corporation Original: Truist to speak at the Morgan Stanley U.S. Financials Conference

Truist announces redemption of senior notes due May 2027May 11, 2026 4:15 PM
PR Newswire (US) 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.htmlSOURCE Truist Financial Corporation Original: Truist announces redemption of senior notes due May 2027

Truist declares common and preferred stock dividendsApril 28, 2026 4:15 PM
PR Newswire (US)

CHARLOTTE, N.C., April 28, 2026 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.52 per common share, payable on June 1, 2026, to shareholders of record at the close of business on May 8, 2026.







The Board also declared regular cash dividends on the following series of preferred stock:Series of Preferred StockDividend per
Share Dividend per
Depositary
Share RecordDatePaymentDateSeries I Non-Cumulative
Perpetual Preferred Stock
(CUSIP 89832Q810) $1,128.80950(1)$0.28220(1)May 8Jun. 15Series J Non-Cumulative
Perpetual Preferred Stock
(CUSIP 86800XAA6) $1,157.87894(1)$11.57879(1)May 8 (2)Jun. 15Series M Non-Cumulative
Perpetual Preferred Stock(CUSIP 89832QAC3)$2,562.50$25.625May 8Jun. 15(3)Series O Non-Cumulative
Perpetual Preferred Stock
(CUSIP 89832Q745)$328.125$0.328125May 8Jun. 1Series R Non-Cumulative
Perpetual Preferred Stock
(CUSIP 89832Q695)$296.875$0.296875May 8Jun. 1

Notes:(1)In the table, dividends per share and dividends per depositary share for Series I and Series J are rounded to the hundred-thousandths position for the convenience of the reader. (2)In accordance with the Amended and Restated Declaration of Trust of SunTrust Preferred Capital I, the record date for the Preferred Purchase Securities representing fractional interests in shares of Series J preferred stock will be May 31, 2026.(3)Dividends per share and dividends per depositary share for Series M are declared and paid semiannually.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.



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Original: Truist declares common and preferred stock dividends

Truist Shares Slip on Revenue Miss Despite Earnings BeatApril 17, 2026 8:22 AM
IH Market News
Truist Financial Corp. (NYSE:TFC) reported first-quarter results on Friday that topped earnings expectations, though revenue came in slightly below forecasts.Shares of the bank fell 1.58% in premarket trading following the announcement.The company posted adjusted earnings per share of $1.09, exceeding the $1.00 consensus estimate by $0.09, or 9%, and marking a 25% increase from $0.87 in the same period last year. However, revenue totaled $5.15 billion, missing analyst expectations of $5.17 billion, despite a 5.1% year-on-year increase from $4.90 billion.Net interest income on a taxable-equivalent basis declined 2.8% to $3.64 billion compared with the fourth quarter of 2025, reflecting two fewer days in the period and shifts in deposit mix.The net interest margin narrowed by five basis points to 3.02%. On a year-on-year basis, net interest income rose 2.5%, supported by repricing of fixed-rate assets and growth in lending.Noninterest income remained broadly unchanged at $1.55 billion, as stronger investment banking and trading revenue offset declines in other areas. Noninterest expenses fell $187 million, or 5.9%, to $2.98 billion, driven mainly by reductions in other expenses, personnel costs, and professional fees.“We delivered a strong first quarter, with earnings per share up 25% from the first quarter of 2025, driven by disciplined execution against our strategic priorities and continued momentum across the franchise,” said Bill Rogers, Chairman and CEO.Average loans held for investment increased by $2.3 billion, or 0.7%, to $327.0 billion, led by growth in the commercial portfolio. Average deposits rose $2.9 billion, or 0.7%, to $398.9 billion.Provision for credit losses came in at $479 million, down from $512 million in the previous quarter. Net charge-offs rose slightly to 0.61% of average loans from 0.57%, while the allowance for loan and lease losses remained steady at 1.53%.Truist maintained a Common Equity Tier 1 ratio of 10.8% and returned $1.8 billion to shareholders through dividends and share buybacks during the quarter.Truist Financial Corporation stock price

Original: Truist Shares Slip on Revenue Miss Despite Earnings Beat

Truist reports first quarter 2026 resultsApril 17, 2026 6:30 AM
PR Newswire (US)

CHARLOTTE, N.C., April 17, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) reported its first quarter 2026 results today. Investors can access the live first quarter 2026 earnings call at 8 a.m. ET today by webcast or dial-in as follows:
Webcast: app.webinar.net/7W4qlGD2wzgDial-in:  1-877-883-0383, passcode 4353788The earnings release, investor presentation, including an appendix reconciling non-GAAP disclosures, and Truist's First Quarter 2026 Quarterly Performance Summary, which contains detailed financial schedules, are available at Truist's Investor Relations website at https://ir.truist.com/earnings. A replay of the call will be available on the website for 30 days.About TruistTruist 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.



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Original: Truist reports first quarter 2026 results

Veteran Loan Fund launches Accelerator to boost Veteran and Military Spouse businessesApril 7, 2026 2:26 PM
PR Newswire (US)

Major initiative supported by Truist FoundationAUSTIN, Texas, April 7, 2026 /PRNewswire/ -- The Veteran Loan Fund (VLF), a national effort of Community Development Financial Institutions (CDFIs) advancing economic opportunity for military-connected entrepreneurs, today announced the launch of the Veteran & Military Spouse Business Accelerator, created to expand access to capital, training, and business support for Veteran and Military Spouse entrepreneurs across the country. The initiative is supported by Truist Foundation, through a grant to PeopleFund, Texas' member of VLF, to establish and scale the Accelerator nationally through VLF.







Since launching in 2021, VLF has raised approximately $30 million, which members have leveraged locally to deploy more than $110 million in small business loans to over 1,500 Veteran and Military Spouse entrepreneurs, supporting approximately 8,000 jobs nationwide.Nearly 20% of this impact has taken place in Texas. "This Accelerator builds on the strong foundation created through the Veteran Loan Fund," said Gustavo Lasala, President and CEO of PeopleFund, Texas member of VLF. "By combining capital, coaching, and a national network of partners, we are creating a more effective pathway for Veteran and Military Spouse entrepreneurs to launch, grow, and scale successful businesses."The Veteran and Military Spouse Business Accelerator uses a coordinated model that delivers business education and mentorship, capital readiness and financial training, marketing and operational support, access to affordable loan capital and grants. Participants will complete a free, 8-week program combining weekly instruction, structured assignments, one-on-one business coaching and free access to LivePlan a business planning and financial forecasting platform used to build plans, model projections, and track performance. Those who successfully complete all program requirements will receive ongoing technical assistance for up to three years, access to up to $350,000 in loan capital, a grant ranging from $3,000 to $5,000, and complimentary access to the Business Beyond Battlefield Conference at the National Medal of Honor Museum in Arlington, Texas in October 2026.The program is delivered in collaboration with member CDFIs and veteran-serving organizations, with the University of Texas at Arlington Veterans Business Outreach Center (UTAVBOC) and the Veteran Women's Enterprise Center (VWEC) leading the curriculum and content delivery.Veterans and Military Spouses in Texas can learn more and apply to participate in the Accelerator by following this link or by visiting www.peoplefund.org.The launch of the Accelerator kicks off a new phase of growth for the Veteran Loan Fund, building on strong national momentum and a proven model that combines capital with hands-on business support. Through this initiative, VLF aims to deploy an additional $15 million in loans and up to $1.5 million in grants, supporting approximately 300 Veteran and Military Spouse entrepreneurs and helping create or retain 1,500 jobs within the next year.About Veteran Loan Fund:
The Veteran Loan Fund is a national effort of a growing number of Community Development Financial Institutions (CDFIs) and specialized technical assistance partners dedicated to helping Veterans and Military Spouses start and grow small businesses. Member CDFIs currently include Access to Capital for Entrepreneurs (GA), Ascendus (NY), Appalachian Community Capital (VA), BBIF (FL), Business Impact Northwest (WA), Colorado Enterprise Fund (CO), DreamSpring (NM), Economic and Community Development Institute (OH), Justine Petersen (MO), Pathway Lending (TN), PeopleFund (TX), Pursuit (NJ), Wisconsin Women's Business Initiative Corporation (WI) and members of African American Alliance of CDFI CEOs. Learn more at www.veteranloanfund.com.About PeopleFund:
PeopleFund is a nonprofit Community Development Financial Institution (CDFI), an SBA lender and serves as the managing member of the Veteran Loan Fund. Established in 1994, PeopleFund has more than 30 years of experience helping thousands on the path to financial security. PeopleFund programs focus on advancing economic opportunities for individuals of low to moderate income by providing capital, training and other resources needed to grow a healthy small business. Since inception, PeopleFund's direct impact on the economy has surpassed $1.4 Billion through more than 6,000 loans to small businesses and New Market Tax Credit allocations. PeopleFund also has helped create and retain more than 25,000 jobs and delivered hundreds of thousands hours of business education. To learn more about PeopleFund please visit www.peoplefund.org.About Truist Foundation
Truist Foundation is committed to Truist Financial Corporation's (NYSE: TFC) purpose to inspire and build better lives and communities. The Foundation, an endowed private foundation established in 2020 whose operating budget is independent of Truist Financial Corporation, makes strategic investments in a wide variety of nonprofit organizations centered around two focus areas: building career pathways to economic mobility and strengthening small businesses to ensure all communities have an opportunity to thrive. Embodying these focus areas are the Foundation's leading initiatives – the Inspire Awards and Where It Starts. Learn more at Truistfoundation.org.Media Contact:
Jenny Palecek, SVP of Philanthropic Partnerships, jpalecek @polomoney










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Original: Veteran Loan Fund launches Accelerator to boost Veteran and Military Spouse businesses

Veteran Loan Fund launches Accelerator to boost Veteran and Military Spouse businessesApril 7, 2026 12:45 PM
PR Newswire (US)

Major initiative supported by Truist FoundationAUSTIN, Texas, April 7, 2026 /PRNewswire/ -- The Veteran Loan Fund (VLF), a national effort of Community Development Financial Institutions (CDFIs) advancing economic opportunity for military-connected entrepreneurs, today announced the launch of the Veteran and Military Spouse Business Accelerator, created to expand access to capital, training, and business support for Veteran and Military Spouse entrepreneurs across the country. The initiative is supported by Truist Foundation, through a grant to PeopleFund, Texas' member of VLF, to establish and scale the Accelerator nationally through VLF.







"At Truist Foundation, we believe small businesses are powerful engines of economic mobility. And within our communities, Veterans and Military Spouses bring extraordinary leadership, resilience, and ingenuity as they bring their entrepreneurial ideas to the table," said Lynette Bell, head of Philanthropy and president of Truist Foundation. "Through this Accelerator, we're proud to partner with the Veteran Loan Fund to expand access to capital, training, and support, helping participants turn their vision into thriving businesses and lasting economic opportunity."Since launching in 2021, VLF has raised approximately $30 million, which member CDFIs have leveraged to deploy more than $110 million in business loans to 1,500 Veteran and Military Spouse entrepreneurs, supporting approximately 8,000 jobs nationwide and delivering more than 30,000 hours of free technical assistance. The launch of the Accelerator kicks off a new phase of growth for the Veteran Loan Fund. Building on a strong national momentum, this initiative seeks to deploy $15 million in loans and up to $1.5 million in grants among 300 Veterans and Military Spouses supporting 1,500 jobs within 12 months.This Accelerator uses a coordinated model that delivers business education and mentorship, capital readiness, financial training, marketing, operational support, access to affordable loan capital and grants. Participants will complete a free, 8-week program combining weekly instruction, structured assignments, one-on-one business coaching and free access to LivePlan, a business planning and financial platform used to build plans, model projections, and track performance. Those who successfully complete all program requirements will receive ongoing technical assistance for up to three years, access to up to $350,000 in loan capital, a grant ranging from $3,000 to $5,000, and complimentary access to the Business Beyond Battlefield Conference at the National Medal of Honor Museum in Arlington, Texas in October 2026."This Accelerator reflects what's possible when mission-driven lenders and partners come together at a national scale," said Patrick Alcorn, Founder of the Business Beyond Battlefield Conference. The program is delivered in collaboration with member CDFIs and veteran-serving organizations, with the University of Texas at Arlington Veterans Business Outreach Center (UTAVBOC) and the Veteran Women's Enterprise Center (VWEC) leading the curriculum and content delivery. "Through this program, we are creating stronger, more accessible pathways for Veteran and Military Spouse entrepreneurs to build, grow, and sustain successful businesses," added VR Small, CEO of Veteran Women's Enterprise Center.Veterans and Military Spouses can learn more and apply to participate in the Accelerator by following this link or by connecting with their nearest member CDFI.About Veteran Loan Fund
The Veteran Loan Fund is a national effort of a growing number of Community Development Financial Institutions (CDFIs) and specialized technical assistance partners dedicated to helping Veterans and Military Spouses start and grow small businesses. Member CDFIs currently include Access to Capital for Entrepreneurs (GA), Ascendus (NY), Appalachian Community Capital (VA), BBIF (FL), Business Impact Northwest (WA), Colorado Enterprise Fund (CO), DreamSpring (NM), Economic and Community Development Institute (OH), Justine Petersen (MO), Pathway Lending (TN), PeopleFund (TX), Pursuit (NJ), Wisconsin Women's Business Initiative Corporation (WI) and African American Alliance of CDFI CEOs. Learn more at www.veteranloanfund.com.About Truist Foundation
Truist Foundation is committed to Truist Financial Corporation's (NYSE: TFC) purpose to inspire and build better lives and communities. The Foundation, an endowed private foundation established in 2020 whose operating budget is independent of Truist Financial Corporation, makes strategic investments in a wide variety of nonprofit organizations centered around two focus areas: building career pathways to economic mobility and strengthening small businesses to ensure all communities have an opportunity to thrive. Embodying these focus areas are the Foundation's leading initiatives – the Inspire Awards and Where It Starts. Learn more at Truistfoundation.org.Media Contacts
Jenny Palecek
SVP, Philanthropic Partnerships, PeopleFund
jpalecek@peoplefund.org










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Original: Veteran Loan Fund launches Accelerator to boost Veteran and Military Spouse businesses

Truist announces first quarter 2026 earnings call detailsMarch 18, 2026 8:15 AM
PR Newswire (US)

CHARLOTTE, March 18, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report first quarter 2026 financial results before the market opens on Friday, April 17, 2026. Chairman and Chief Executive Officer Bill Rogers and Chief Financial Officer Mike Maguire will host a conference call to review the company's financial results at 8 a.m. ET.







Investors can access the live earnings call by webcast or dial-in as follows:Live webcast for listeners: 
https://app.webinar.net/7W4qlGD2wzgDial-in for analysts:
1-877-883-0383, passcode 4353788Additional details:
The news release and presentation materials will be available at ir.truist.com under "Events & Presentations." A replay of the call will be available on the website for 30 days.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 $548 billion as of Dec. 31, 2025. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com. 



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Original: Truist announces first quarter 2026 earnings call details

Truist expands open banking capabilities with PlaidMarch 12, 2026 8:03 AM
PR Newswire (US)

Industry-leading partnership will empower consumer and small business clients with  streamlined client experience and more control over financial dataCHARLOTTE, N.C., March 12, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) and Plaid Inc. today announced a data-access agreement expanding secure open banking access for Truist clients, delivering increased control over their finances.







"By working together through cooperative data sharing, we're offering clients improved financial control and insights," said Head of Digital, Client Experience and Marketing Sherry Graziano. "This is just one way we're providing a secure, personalized banking experience that digitally empowers clients and small business owners with a broader view of their financial lives. By delivering modern, integrated digital banking through open banking, we're able to deepen relationships and build trust."Beyond connectivity, the partnership includes joint product enhancements and architectural improvements designed to improve data quality, support continued innovation across the open banking ecosystem, and help clients combat fraud. Highlights include:Leveraging Truist and Plaid's existing networks to give clients increased financial control and insightsA simplified returning user experience enabled by a secure, streamlined login for a digital journey that saves clients time and reduces frictionShared data and risk indicators sourced from each company's existing networks to improve securityGreater transparency and control through the FDX-aligned API that replaces credential sharing and enables clients to manage or revoke connections securely"This partnership combines Truist's commitment to client-centric innovation with Plaid's leading data network to deliver industry-defining experiences," said Christy Sunquist, head of open finance at Plaid. "Together, the companies are expanding the capabilities of API connectivity and advancing data-driven innovation, including shared intelligence, to provide clients with secure and convenient access to their accounts."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 $548 billion as of Dec. 31, 2025. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.About PlaidPlaid is a global data network that powers the tools millions of people rely on to live healthier financial lives. Our ambition is to facilitate a more inclusive, competitive, and mutually beneficial financial system by using data analytics to simplify payments, revolutionize lending, and lead the fight against fraud. Plaid works with thousands of companies, including fintechs, Fortune 500 companies, and many of the largest banks to empower people with more choice and control over how they manage their money. Headquartered in San Francisco, Plaid's network spans over 12,000 institutions across the U.S., Canada, U.K., and Europe.



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Original: Truist expands open banking capabilities with Plaid

Truist expands Enterprise Payments sales leadership as payments growth acceleratesMarch 10, 2026 8:03 AM
PR Newswire (US)

Segment-aligned sales teams driving double-digit treasury management gains and a strengthening payments pipelineCHARLOTTE, N.C., March 10, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today named Geoff Gursel and Steven Shipp to lead key sales segments in its Enterprise Payments business. The appointments expand a segment-aligned leadership model following strong performance in 2025, including 13% growth in treasury management fees. The increase was driven by new client acquisition and deeper relationships, and contributed to higher profitability across Truist's Wholesale businesses.







Improved performance and ongoing investment reflect disciplined execution and evolving client behavior, as commercial and middle-market clients consolidated more of their payment and cash-management activity with Truist. The strengthening payments pipeline signals sustained client appetite for integrated capabilities that simplify operations and improve liquidity visibility.To capture greater market share, Truist named Gursel and Shipp to sales leadership roles across middle market and small business payments, respectively. The structure is designed to support clients with consistent execution as payments play a more central role in how they manage liquidity and transact day to day. Gursel has been hired as Head of Middle Market Payments Sales, partnering across Wholesale Banking to drive growth, develop talent and accelerate execution. Based in Maryland, Gursel brings more than 20 years of experience at Citi, where he held senior roles across treasury, payments and transaction banking, most recently leading North America new business development for middle-market and commercial clients.Shipp has been named Head of Small Business Payments Sales, leading Truist's payments sales strategy for small business clients with a focus on speed to market and simplification. Based in North Carolina, he brings 25 years of experience at Truist and will partner across Small Business Banking to deepen client relationships and bring integrated payment capabilities to market more quickly.In addition to Gursel and Shipp, Truist appointed Elaine Kim and Rico Iacchetti in 2025 to lead payments sales for commercial banking and corporate banking, respectively. They join Andy Rankin, who leads payments sales for key industries, and Deb Burgess, who oversees specialty sales focused on complex client needs across the payments portfolio."We delivered strong results in 2025, driven by disciplined execution and growing momentum in payments," said Truist Head of Enterprise Payments Chris Ward. "With our Enterprise Payments sales leadership team fully in place, we're positioned to scale momentum — deepening client relationships, supporting deposit engagement and strengthening the purpose-driven performance of the franchise."Truist Enterprise Payments is part of the Truist Wholesale Banking segment, which provides comprehensive solutions to commercial, corporate, institutional and high-net-worth clients.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 $548 billion as of Dec. 31, 2025. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.














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Original: Truist expands Enterprise Payments sales leadership as payments growth accelerates

Truist Securities appoints Matthew Miller as head of mergers & acquisitionsFebruary 26, 2026 8:35 AM
PR Newswire (US)

Industry veteran brings 30 plus years of experience to full-service investment bankATLANTA, Feb. 26, 2026 /PRNewswire/ -- Truist Securities today announced that Matthew Miller has joined the firm as managing director and head of mergers & acquisitions, strengthening its leadership team and advisory capabilities.







In this role, Miller will lead the firm's M&A platform, drive growth initiatives, oversee deal origination and execution, and collaborate with product teams to deliver comprehensive capabilities to public, sponsor-owned, and privately held companies across a range of industries. Miller will be based in New York and report to Truist Securities Chairman and CEO Tom Hackett."Matt is a proven leader with an exceptional track record, known for building deep relationships and ensuring excellence in deal execution," said Hackett. "His industry leadership, innovative solutions, and decades of experience will be instrumental as we continue to expand our M&A capabilities, drive growth across our firm, and deliver best-in-class strategic advice to our clients."Miller brings more than 30 years of experience to Truist Securities. He most recently spent more than 15 years at Jefferies, where he served as global head of healthcare M&A, playing a pivotal role in building and expanding the firm's healthcare advisory practice and leading numerous landmark transactions. Earlier in his career, he held M&A roles at Bank of America and practiced corporate and M&A law at Wachtell, Lipton, Rosen & Katz. Miller earned a Bachelor of Arts in Government and Economics from Dartmouth College and a Juris Doctor from Columbia University School of Law."Truist Securities has built a strong investment banking and capital markets platform, and I'm incredibly excited to lead its M&A team," said Miller. "I look forward to collaborating with the firm's talented teammates to continue the growth of the M&A franchise, leveraging our deep industry expertise, strategic execution capabilities, and full suite of debt, equity, and related products."Truist Securities is the corporate and investment banking platform of Truist Financial Corporation, a purpose-driven financial institution delivering advice and expertise to clients with care.About Truist Securities
Truist Securities is the full-service corporate and investment banking arm of Truist Financial Corporation (NYSE: TFC). With a rich history extending back more than 125 years, Truist Securities offers a robust capital markets and investment banking platform that includes a comprehensive array of strategic advisory, mergers and acquisition, and capital markets capabilities for corporate and institutional clients, including sales, trading and research services in both fixed income and equity. The firm also provides corporate finance, asset finance, risk management, liquidity, and treasury management solutions to meet clients' full spectrum of financial needs. Headquartered in Atlanta, Truist Securities has offices located across the U.S. Learn more at www.truistsecurities.com.© 2026 Truist Financial Corporation. Truist and Truist Securities are service marks of Truist Financial Corporation. All rights reserved. Truist Securities is the trade name for the corporate and investment banking services of Truist Financial Corporation and its subsidiaries. Securities and strategic advisory services are provided by Truist Securities, Inc., member FINRA and SIPC. Lending, financial risk management, and treasury management and payment services are offered by Truist Bank. Deposit products are offered by Truist Bank, Member FDIC.










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Original: Truist Securities appoints Matthew Miller as head of mergers & acquisitions

Truist Wealth expands investment solutions with cryptocurrencyFebruary 25, 2026 8:26 AM
PR Newswire (US)

Truist Investment Services offering client access to two spot Bitcoin ETFsCHARLOTTE, N.C., Feb. 25, 2026 /PRNewswire/ -- Truist Wealth, the private wealth business of Truist Financial Corporation (NYSE: TFC), announces that Truist Investment Services, Inc. (TIS) financial advisors will now be able to offer two SEC-registered spot bitcoin exchange-traded funds (ETFs) sponsored by Fidelity and BlackRock.These ETFs offer regulated digital asset exposure through exchange-traded structures, giving investors a straightforward way to access this evolving asset class. TIS clients will have the opportunity to work in close partnership with their financial advisors, ensuring decisions are aligned with each client's goals, financial situation, and risk tolerance. These ETFs are also available through Truist Trade, our offering for clients interested in self-directed real-time trading."Clients are increasingly exploring digital assets as part of a diversified investment strategy, said Brian Dowhower, Head of Truist Wealth. "Our approach is to balance strong client interest with prudent safeguards, ensuring any expansion of digital-asset offerings occurs thoughtfully and in alignment with our purpose-driven wealth experience and commitments to deliver client care and fulfill regulatory expectations."The addition of these spot bitcoin ETFs represents a measured expansion of Truist Wealth's holistic portfolio of solutions and reflects the firm's disciplined approach to evaluating emerging investment options on behalf of clients."Our integrated approach to portfolio management provides a wide range of options, from traditional to alternative investments to help meet the diverse needs of our clients," said Leah Wehinger, Head of Investment Advice and Solutions for Truist Wealth. "As we continue to grow our offerings, our clients and solutions are supported by credentialed analysts who provide deep sector knowledge."Truist Wealth is part of the broader Truist Wholesale Banking segment, which provides comprehensive solutions to commercial, corporate, institutional and high-net-worth clients through a combination of regional coverage and industry-focused teams serving clients across the U.S.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 $548 billion as of Dec. 31, 2025. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.About Truist Wealth
Truist Wealth delivers holistic wealth management solutions to affluent, high, and ultra-high net worth individuals, families, and business owners across the U.S. and abroad. Truist Wealth provides distinct solutions for individuals and businesses through the following affiliates: Banking products and services, corporate trust, escrow, and institutional investment management services to public, private, and nonprofit organizations provided by Truist Bank, Member FDIC. Securities, brokerage accounts, and/or annuities offered by Truist Investment Services, Inc., member FINRA, SIPC, and a licensed insurance agency. Investment advisory services offered by Truist Advisory Services, Inc. and affiliated SEC registered investment advisers.  



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Original: Truist Wealth expands investment solutions with cryptocurrency

Truist announces redemption of senior notes due March 2027February 18, 2026 4:30 PM
PR Newswire (US)

CHARLOTTE, N.C., Feb. 18, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $1,250,000,000 principal amount outstanding of its fixed-to-floating rate senior notes due Mar. 2, 2027, (CUSIP 89788MAD4) on the redemption date of Mar. 2, 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 TruistTruist 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 $548 billion as of Dec. 31, 2025. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com. 



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Original: Truist announces redemption of senior notes due March 2027

Truist provides schedule for 2027 earnings conference callsFebruary 13, 2026 8:30 AM
PR Newswire (US)

CHARLOTTE, N.C., Feb. 13, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will host conference calls to review 2027 quarterly financial results on the following dates and times:







First quarter 2027 – Friday, April 16, 2027, at 8 a.m. ETSecond quarter 2027 – Friday, July 16, 2027, at 9 a.m. ETThird quarter 2027 – Tuesday, Oct. 19, 2027, at 8 a.m. ETFourth quarter 2027 – Wednesday, Jan. 19, 2028, at 8 a.m. ETAccess information will be provided closer to each scheduled earnings conference call at ir.truist.com.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 $548 billion as of Dec. 31, 2025. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com. 



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Original: Truist provides schedule for 2027 earnings conference calls

Truist launches secure open banking experienceFebruary 12, 2026 8:03 AM
PR Newswire (US)

New platform empowers consumer and small business clients with more control over financial data and seamless access to trusted fintech tools CHARLOTTE, N.C., Feb. 12, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today introduced its first open banking integration, connecting first to Mastercard's open finance technology. The API-based platform provides Truist consumer and small business clients with secure, centralized access to their financial data—unlocking transparency, personalization and control across a growing ecosystem of trusted fintech apps. 







These clients can now seamlessly connect to the apps of their choice through direct connections to Mastercard's open finance platform. This experience offers clients secure, tokenized access to manage which applications can view their financial data and for what purpose, without sharing usernames or passwords. "Open banking digitally empowers Truist clients and small business owners with secure, personalized experiences and a more holistic view of their financial lives," said Truist Head of Digital, Client Experience and Marketing Sherry Graziano. "This platform provides more secure data sharing, new pathways for those with limited credit histories, more choices for how to pay and get paid, and better insight into overall financial health, all with the safeguards our clients expect."Truist has selected Mastercard as its first direct API integration, ensuring that Truist clients have access to trusted and secure data-driven experiences of their choice through Mastercard's industry-leading API connectivity. "Secure, convenient financial experiences are a gamechanger–but trust is the critical ingredient to ensuring clients and businesses can tap into their full potential," said Executive Vice President, Open Finance, Americas at Mastercard Bart Willaert. "With our shared values of trust and security, we are delighted to offer the clients and small businesses Truist serves seamless connections to all that open banking has to offer."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 $548 billion as of December 31, 2025. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.About MastercardMastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
www.mastercard.com 



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Original: Truist launches secure open banking experience

Truist declares common and preferred stock dividendsJanuary 27, 2026 7:18 PM
PR Newswire (US)

CHARLOTTE, N.C., Jan. 27, 2026 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.52 per common share, payable on March 2, 2026, to shareholders of record at the close of business on February 13, 2026.







The Board also declared regular cash dividends on the following series of preferred stock:Series of Preferred StockDividend per
Share Dividend per
Depositary
Share RecordDatePaymentDateSeries I Non-Cumulative
Perpetual Preferred Stock
(CUSIP 89832Q810) $1,141.24364(1)$0.28531(1)Feb. 13Mar. 16Series J Non-Cumulative
Perpetual Preferred Stock
(CUSIP 86800XAA6) $1,170.31308(1)$11.70313(1)Feb. 13 (2)Mar. 16Series N Fixed Rate Reset
Non-Cumulative Perpetual
Preferred Stock(CUSIP 89832QAD1)$833.625$33.345Feb. 13Mar. 2(3)Series O Non-Cumulative
Perpetual Preferred Stock
(CUSIP 89832Q745)$328.125$0.328125Feb. 13Mar. 2Series Q Fixed Rate Reset
Non-Cumulative Perpetual
Preferred Stock(CUSIP 89832QAF6)$637.50$25.50Feb. 13Mar. 2(3)Series R Non-Cumulative
Perpetual Preferred Stock
(CUSIP 89832Q695)$296.875$0.296875Feb. 13Mar. 2
Notes:(1)In the table, dividends per share and dividends per depositary share for Series I and Series J are rounded to the hundred-thousandths position for the convenience of the reader. (2)In accordance with the Amended and Restated Declaration of Trust of SunTrust Preferred Capital I, the record date for the Preferred Purchase Securities representing fractional interests in shares of Series J preferred stock will be February 28, 2026.(3)Dividends per share and dividends per depositary share for Series N and Series Q are declared and paid semiannually.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 $548 billion as of December 31, 2025. Truist Bank, Member FDIC. Learn more at Truist.com.



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Original: Truist declares common and preferred stock dividends

Truist Financial $TFC
Total Debt (mrq) $71.11B

$TFC | Truist Financial Q1 23 Earnings:
- EPS $1.05 (est $1.14)
- Rev $6.15B (est $6.10B)
- Total Deposits $408.46B (est $410.70B)
- Total Loans & Leases $326.02B, +1.7% (Q/Q)

$TFC | Truist Financial Q1 23 Earnings:
- EPS $1.05 (est $1.14)
- Rev $6.15B (est $6.10B)
- Total Deposits $408.46B (est $410.70B)
- Total Loans & Leases $326.02B, +1.7% (Q/Q)— LiveSquawk (@LiveSquawk) April 20, 2023

10:41 AM EDT, 03/30/2023 (MT Newswires) -- Goldman lowers price target from $55 to $39 on $TFC

As the Federal Reserve's interest-rate hikes sent bond prices plunging last year, some of the country's largest banks used a simple accounting maneuver to help keep billions of dollars of losses from piling up on their books.
They declared that they intended to hold on to large portions of their money-losing bonds until they matured rather than selling them, and they then changed the bonds' accounting labels accordingly. From then on, the bonds would be frozen in time, no matter how far their values fell in the market.
The Wall Street Journal identified six large U.S. banks including Charles Schwab Corp. and PNC Financial Services Group Inc. that together switched the classifications on more than $500 billion of their bond investments last year. For some banks, excluding the unrealized losses from their balance sheets allowed them to report robust levels of capital when in reality their assets were worth much less.
The collapse of Silicon Valley Bank has drawn fresh attention to a decades-old debate over the accounting rules. Current rules often let companies show vastly different values for the same assets, depending on what they claim they intend to do with them. In addition, the rules often let companies change their stated intentions midstream, which can have outsize impacts on how healthy their balance sheets look.

The six banks were able to flatter their balance sheets with a flick of the accounting ledger. Banks can hold assets as "available for sale," which means they are valued using market prices. Another option is to call them "held to maturity," meaning they won't be sold. These bonds are held at the banks' cost. The logic is that daily market prices aren't relevant to assets that banks wouldn't sell.
The banks' held-to-maturity bonds had a combined $1.14 trillion balance-sheet value as of Dec. 31 , up from $681 billion a year earlier. The increase was mainly due to the reclassifications.
The $1.14 trillion figure was $118 billion , or 12%, higher than the bonds' fair-market values, disclosed in footnotes to the banks' financial statements. The $118 billion was equivalent to 18% of the banks' total equity, which is the difference between assets and liabilities.
A year earlier, the difference between the held-to-maturity bonds' market value and balance-sheet value was negligible. Most of the securities were backed by the U.S. government. The amounts of the reclassifications were disclosed in the companies' financial reports. The Journal found the six banks using data compiled by S&P Global.

The large gap between the stated values and actual values of banks' assets has fueled growing concern about whether a significant portion of many banks' capital is illusory. Capital is roughly synonymous with equity, and refers to the financial cushion a company has available to absorb future losses.
The six banks' reclassifications were part of an industrywide shift last year as bond prices fell. About 48% of securities held by U.S. banks were classified as held-to-maturity at the end of 2022, up from 34% a year earlier, according to Federal Deposit Insurance Corp. data. Unrealized losses on securities were $620 billion , of which $341 billion were on bonds dubbed held-to-maturity. The six banks' unrealized losses on held-to-maturity securities accounted for 35% of the industry total.
The biggest such reclassification was by Charles Schwab, which is structured as a savings and loan holding company and regulated by the Fed. It transferred $188.6 billion of securities to the held-to-maturity category from available- for-sale. Schwab wasn't labeling any of its bonds as held-to-maturity at the end of 2021.

PNC transferred $82.7 billion of bonds to held-to-maturity from available-for-sale. JPMorgan Chase & Co. transferred $78.3 billion . Truist Financial Corp. , Wells Fargo & Co. and U.S. Bancorp transferred $59.4 billion , $50.1 billion and $45.1 billion , respectively.
"This is an artificial accounting construct, not an economic measure of the value of the assets," said Sandy Peters , head of financial reporting policy for the CFA Institute , which certifies chartered financial analysts. "The value of a bond doesn't change based upon how management decides to classify it. It's worth what it's worth."
Silicon Valley Bank's parent, SVB Financial Group, didn't reclassify any securities last year, and most of its bonds were labeled held-to-maturity from the get-go. That meant SVB had locked itself into a long-term bet that interest rates would stay low. The unrealized losses on those bonds at year-end were almost as large as SVB's $16.3 billion of total equity. It couldn't sell the bonds without booking losses and taking hits to capital.

By the end of last year, the fair-market value of Schwab's held-to-maturity bonds was $14.1 billion less than their balance-sheet value. The unrealized losses were equivalent to 39% of Schwab's total equity. The unrealized losses exceeded Schwab's $6.2 billion of tangible common equity, which is a bare-bones capital metric that excludes preferred stock and intangible assets.
A Schwab spokeswoman pointed to a March 23 open letter by the company's co-chairmen, Charles Schwab and Walt Bettinger . "Focusing attention on 'unrealized losses' in our held-to-maturity (HTM) portfolio is very misleading," they said, adding that "there is a near-zero chance we'd need to sell any of our HTM portfolio before maturity."
At Wells Fargo , unrealized losses on held-to-maturity securities were $41.5 billion , equivalent to 23% of total equity. At U.S. Bancorp , they were $10.9 billion , or 21% of total equity. At Truist, they were $9.9 billion , or 16% of total equity. The percentages at JPMorgan and PNC were 13% and 11%, respectively.

In their annual reports, most of the banks said they did the transfers to keep the fair-value changes out of their equity and capital metrics. In its annual report, PNC said it changed its intent for the securities "to reduce the impact of price volatility" on equity and capital. Truist said it made the transfers as the company "continues to execute upon its asset-liability management strategies."
Wells Fargo said it made the transfers "to reposition the overall portfolio for capital management purposes." JPMorgan cited "capital management purposes."
Jeffrey Shelman , a U.S. Bancorp spokesman, said: "We are always making decisions to manage our balance sheet to ensure appropriate liquidity, balanced by the desire to mitigate the volatility that is associated with interest-rate movements." Spokesmen for PNC, JPMorgan and Truist and a Wells Fargo spokeswoman declined to comment.

(END) Dow Jones Newswires
03-29-23 0530ET

Much better

Truist Financial Corporation (NYSE: TFC) will report first-quarter 2023 financial results before the market opens on Thursday, April 20, 2023. Chairman and Chief Executive Officer Bill Rogers and Chief Financial Officer Mike Maguire will host a conference call to review the company's financial results at 8 a.m. ET.

Traded like trash today

bucking the trend, at 34.07 up .36 at 11:12 on 3/22

Gaps
down Mar-13-2023 37.855 to 35.59
down Mar-10-2023 41.38 to 40.76
down Mar-09-2023 43.54 to 43.38
down Mar-07-2023 46.01 to 45.88
down Mar-02-2023 46.417 to 46.41
down Feb-09-2023 49.12 to 49.1

30.72 my Bank and pays good dividend

Citi upgrades Truist to buy because bear case seems 'flawed'
7:26 am ET March 15, 2023 (MarketWatch)
Print

Citi analyst Keith Horowitz on Wednesday upgraded Truist Financial Corp. (TFC) to buy despite headwinds in the market on earnings challenges and potential regulatory action. Horowitz said Truist stock now offers an attractive entry point after a 27% loss in the last five days. "The primary risk to our thesis is depositor behavior given market reactions, which could induce deposit flight, but we view this as relatively unlikely," he said. "The TFC bear case is all about high held-to-maturity (HTM) losses relative to equity and we believe this thesis is flawed." He said Truist is a "fundamentally different bank" than now-defunct Silicon Valley Bank. Truist stock is down 2.6% in premarket trades as jitters around Credit Suisse (CSGN.EB) and bank solvency weighed on bank stocks.

-Steve Gelsi


Truist Financial Raised to Buy From Neutral by Citigroup target $52

Tom Hackett named chief executive officer of Truist Securities
9:00 am ET March 13, 2023 (PR Newswire) Print

Hackett succeeds John Gregg, who will retire

Truist Financial Corporation (NYSE: TFC) today announced that John Gregg will retire, and that Tom Hackett has been named chairman and chief executive officer of Truist Securities, Truist's full-service corporate and investment bank, effective March 31.

https://mma.prnewswire.com/media/2031120/Truist_Securities_Tom_Hackett.jpg

Based in Atlanta, Hackett currently serves as president and chief operating officer (COO) of Truist Securities, a position he's held since 2020. He joined Truist Securities in 2008 and has more than 30 years of corporate and investment banking experience. In his new role, Hackett will report to Truist Vice Chair Beau Cummins.

"Tom's purpose-driven leadership and depth of experience make him well-suited to lead our firm as we continue to leverage our range of capabilities and expertise to position our clients for success," said Cummins. "I also want to thank John for his leadership in growing Truist Securities and creating a culture that is centered around serving our clients and helping them achieve outstanding results."

Hackett has been one of the primary architects of a growth strategy that has led Truist Securities to establish itself as a leading player in corporate and investment banking. As president and COO, he was responsible for the Investment Banking, Corporate Banking, M&A, Capital Markets and Asset Finance organizations.Hackett led a team that serves corporate clients with the full suite of capital markets, advisory, and traditional banking products and services.

Hackett previously held additional leadership positions at Truist Securities, including head of Investment Banking and head of Asset Finance, a role in which he led teams focused on Asset Securitization, Asset Based Lending, Structured Real Estate, Project Finance, and Equipment Finance.Prior to joining Truist, Hackett served in various corporate and investment banking capacities at several industry-leading institutions.

"The strength of Truist Securities is our teammates, their focus on partnering closely with our clients, and delivering expertise that helps them achieve their goals," said Hackett. "As we look to the future, our client-first approach, ability to navigate complex transactions and long-term view will continue to deliver sustained success for clients and Truist."

Hackett earned his Bachelor's degree in Finance from Auburn University and a Master's degree in Business Administration from Emory University. He serves on the Georgia Research Alliance Board of Trustees.

About Truist SecuritiesTruist Securities is the full-service corporate and investment banking arm of Truist Financial Corporation. With a rich history extending back more than 125 years, Truist Securities offers a robust capital markets and investment banking platform that includes a comprehensive array of strategic advisory, mergers and acquisition, and capital markets capabilities for corporate and institutional clients, including sales, trading and research services in both fixed income and equity. The firm also provides corporate finance, asset finance, risk management, liquidity, and treasury management solutions to meet clients' full spectrum of financial needs. Headquartered in Atlanta, Truist Securities has offices located across the U.S. Learn more atwww.truistsecurities.com.