Truist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; automobile lending; bankcard lending; consumer finance; home equity and mortgage lending; insurance, such as property and casualty, life, health, employee benefits, workers compensation and professional liability, surety coverage, title, and other insurance products; investment brokerage; mobile/online banking; and payment, lease financing, small business lending, and wealth management/private banking services. In addition, it offers association, capital market, institutional trust, insurance premium and commercial finance, international banking, leasing, merchant, commercial deposit and treasury, government finance, commercial middle market lending, small business and student lending, floor plan and commercial mortgage lending, mortgage warehouse lending, private equity investment, real estate lending, and supply chain financing services. Further, the company provides corporate and investment banking, retail and wholesale brokerage, securities underwriting, and investment advisory services. As of December 31, 2020, the company operated through 2,781 banking offices. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.
IPO Year:
Exchange: NYSE
Website: truist.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/15/2025 | $44.00 | Hold | TD Cowen |
| 4/2/2025 | Outperform → Mkt Perform | Raymond James | |
| 3/5/2025 | $48.00 → $52.00 | Neutral → Outperform | Robert W. Baird |
| 1/7/2025 | $50.00 | Hold → Buy | HSBC Securities |
| 8/9/2024 | Underperform → Peer Perform | Wolfe Research | |
| 7/24/2024 | $45.00 → $47.00 | Buy → Neutral | Citigroup |
| 7/17/2024 | $45.00 | Outperform → Neutral | Robert W. Baird |
| 5/16/2024 | $43.00 | Equal Weight | Barclays |
| 5/9/2024 | $44.00 | In-line | Evercore ISI |
| 4/23/2024 | $42.00 | Neutral → Buy | Compass Point |
TD Cowen initiated coverage of Truist with a rating of Hold and set a new price target of $44.00
Raymond James downgraded Truist from Outperform to Mkt Perform
Robert W. Baird upgraded Truist from Neutral to Outperform and set a new price target of $52.00 from $48.00 previously
HSBC Securities upgraded Truist from Hold to Buy and set a new price target of $50.00
Wolfe Research upgraded Truist from Underperform to Peer Perform
Citigroup downgraded Truist from Buy to Neutral and set a new price target of $47.00 from $45.00 previously
Robert W. Baird downgraded Truist from Outperform to Neutral and set a new price target of $45.00
Barclays resumed coverage of Truist with a rating of Equal Weight and set a new price target of $43.00
Evercore ISI resumed coverage of Truist with a rating of In-line and set a new price target of $44.00
Compass Point upgraded Truist from Neutral to Buy and set a new price target of $42.00
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CHARLOTTE, N.C., May 29, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) today announced the appointment of Jonathan Pruzan to its board of directors. Pruzan will also serve on the board's risk committee. "We're pleased to welcome Jon Pruzan to the Truist board," said Truist Chairman and CEO Bill Rogers. "In addition to decades of industry leadership, he brings broad knowledge of technology, operations, finance and corporate strategy, and a wealth of experience advising financial institutions that will benefit Truist, our purpose and strategic direction." Pruzan,
CHARLOTTE, N.C., May 15, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) today announced that Chairman and Chief Executive Officer Bill Rogers will speak at the Morgan Stanley US Financials Conference at 9:45 a.m. ET on Wednesday June 11, 2025, in New York City. A live audio webcast will be available the day of the event at ir.truist.com under Events & Presentations. A replay of the webcast 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. As a leading U.S. commercial bank, Truist has leading market share in many of the high-growt
CHARLOTTE, N.C., May 1, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) will host conference calls to review 2026 quarterly financial results on the following dates and times: First quarter 2026 – Friday, April 17, 2026, at 8 a.m. ETSecond quarter 2026 – Friday, July 17, 2026, at 8 a.m. ETThird quarter 2026 – Friday, October 16, 2026, at 8 a.m. ETFourth quarter 2026 – Wednesday, January 20, 2027, at 8 a.m. ET2025 earnings dates are as follows: Second quarter 2025 – Friday, July 18, 2025, at 8 a.m. ETThird quarter 2025 – Friday, October 17, 2025, at 8 a.m. ET (updated)Fourth quarter 2025 – Wednesday, January 21, 2026, at 8 a.m. ET (updated)Access information will be provided clo
CHARLOTTE, N.C., April 29, 2025 /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 2, 2025, to shareholders of record at the close of business on May 9, 2025. The Board also declared regular cash dividends on the following series of preferred stock: Series of Preferred Stock Dividend per Share Dividend per Depositary Share Record Date Payment Date Series I Non-Cumulative Perpetual Preferred Stock(CUSIP 89832Q810) $1,286.86386(1) $0.32172(1) May 9 June 16 Series J Non-Cumulative Perpetual Preferred Stock(CUSIP 86800XAA6) $1,315.93331(1) $13.15933(1) May 9 (2) June 16 S
Phase-one network validation sets new standard for financial institutions, meeting demands of large corporate billers and empowering consumers CHARLOTTE, N.C., April 25, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) today announced the successful completion of the initial testing phase of an innovative alias-based bill payment solution that leverages The Clearing House's RTP® network and Request for Payment (RfP) platform. The achievement positions Truist as the first financial institution to send and receive alias-based RfPs for transactions and deliver corresponding real-time payment and settlement via the RTP system.
Firm adds three new managing directors to its investment banking team ATLANTA, April 24, 2025 /PRNewswire/ -- Truist Securities announced today three new senior hires to its Industrials and Services investment banking team, deepening the firm's expertise across the key industries of aerospace and defense, building products and basic materials, and transportation and logistics. These additions reflect Truist's continued investment in talent and sustained growth, particularly in strategically important sectors of the economy. "We continue to strengthen our business across key se
CHARLOTTE, N.C., April 17, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) reported its first quarter 2025 results today. Investors can access the live first quarter 2025 earnings call at 8 a.m. ET today by webcast or dial-in as follows: Webcast: app.webinar.net/KNd8VGQjew3Dial-in: 1-877-883-0383, passcode 0999346The earnings release, investor presentation, including an appendix reconciling non-GAAP disclosures, and Truist's First Quarter 2025 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 T
WINSTON-SALEM, N.C., April 8, 2025 /PRNewswire/ -- Sheffield Financial, a division of Truist Bank, and Polaris Inc. (Polaris), a global leading powersports manufacturer, have extended their long-standing retail financing partnership, which began in 2009. This multi-year renewal highlights both companies' commitment to delivering customer-friendly installment financing options that enhance the retail experience for Polaris dealers and customers nationwide. Polaris dealers benefit from this partnership with access to Sheffield Financial's nationwide installment financing, digital tools and service, including: Dealer-focused technology: Sheffield's online dealer portal provides Polaris dealers
CHARLOTTE, N.C., April 1, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) today announced it has hired Claudia Davis Adamson as head of small business banking. As part of Consumer and Small Business Banking, Adamson will lead the team serving small business clients with personalized advice and specialized financial solutions delivered through caring partnerships within the most attractive growth markets in the U.S. Adamson will lead strategic execution for all areas of small business banking including deposits, lending, and payments solutions; data and analytics,
Danielle Brill joins firm's growing sales, trading, and research team ATLANTA, March 25, 2025 /PRNewswire/ -- Truist Securities announced today that Danielle Brill has joined the firm as managing director, strengthening its equity research coverage in the biotechnology sector. Brill is the latest addition to Truist Securities, as the firm continues to expand its equity platform to broaden its capabilities in high-growth industries. "Biotech continues to experience rapid evolution with new treatments and technologies, backed by compelling trial data, growing the market," said M
CHARLOTTE, N.C., May 1, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) will host conference calls to review 2026 quarterly financial results on the following dates and times: First quarter 2026 – Friday, April 17, 2026, at 8 a.m. ETSecond quarter 2026 – Friday, July 17, 2026, at 8 a.m. ETThird quarter 2026 – Friday, October 16, 2026, at 8 a.m. ETFourth quarter 2026 – Wednesday, January 20, 2027, at 8 a.m. ET2025 earnings dates are as follows: Second quarter 2025 – Friday, July 18, 2025, at 8 a.m. ETThird quarter 2025 – Friday, October 17, 2025, at 8 a.m. ET (updated)Fourth quarter 2025 – Wednesday, January 21, 2026, at 8 a.m. ET (updated)Access information will be provided clo
CHARLOTTE, N.C., April 29, 2025 /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 2, 2025, to shareholders of record at the close of business on May 9, 2025. The Board also declared regular cash dividends on the following series of preferred stock: Series of Preferred Stock Dividend per Share Dividend per Depositary Share Record Date Payment Date Series I Non-Cumulative Perpetual Preferred Stock(CUSIP 89832Q810) $1,286.86386(1) $0.32172(1) May 9 June 16 Series J Non-Cumulative Perpetual Preferred Stock(CUSIP 86800XAA6) $1,315.93331(1) $13.15933(1) May 9 (2) June 16 S
CHARLOTTE, N.C., March 20, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) will report first-quarter 2025 financial results before the market opens on Thursday, April 17, 2025. 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/KNd8VGQjew3 Dial-in for analysts:1-877-883-0383, passcode 0999346 Additional details:The news release and presentation materials will be available at ir.truist.com under "Events & Presentations." A replay
CHARLOTTE, N.C., Jan. 28, 2025 /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 Mar. 3, 2025, to shareholders of record at the close of business on Feb.14, 2025. The Board also declared regular cash dividends on the following series of preferred stock: Series of Preferred Stock Dividend perShare Dividend perDepositaryShare Record Date Payment Date Series I Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q810) $1,301.85106(1) $0.32546(1) Feb. 14 Mar. 17 Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6) $1,330.92050(1) $13.30921(1) Feb. 14(2) Mar. 17 Ser
CHARLOTTE, N.C., Dec. 20, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) will report fourth-quarter 2024 financial results before the market opens on Friday, January 17, 2025. 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/xOqjwYK80mY Dial-in for analysts: 1-877-883-0383, passcode 7041380 Additional details: The news release and presentation materials will be available at ir.truist.com under "Events & Presentations." A repla
CHARLOTTE, N.C., Nov. 1, 2024 /PRNewswire/ -- Truist Financial Corporation (the "Company") today announced that it has submitted a redemption notice to U.S. Bank, National Association (the "Depositary") for the full redemption of all 7,500 issued and outstanding shares of the Company's Perpetual Preferred Stock, Series L (the "Preferred Stock") and all 750,000 issued and outstanding shares of the related depositary shares, each representing a 1/100 th interest in a share of the Preferred Stock (the "Series L Depositary Shares"), on the redemption date of Dec. 16, 2024 (the "Redemption Date"). The Company will redeem the Preferred Stock at a cash redemption price equal to $100,000 per share
CHARLOTTE, N.C., Oct. 22, 2024 /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 Dec. 2, 2024, to shareholders of record at the close of business on Nov. 8, 2024. The Board also declared regular cash dividends on the following series of preferred stock: Series of Preferred Stock Dividend per Share Dividend per Depositary Share Record Date Payment Date Series I Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q810) $1,450.50208(1) $0.36263(1) November 8 December 16 Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6) $1,479.57153(1) $14.79572(1) November 8(2
CHARLOTTE, N.C., Sept. 30, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) will report third-quarter 2024 financial results before the market opens on Thursday, October 17, 2024. 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/qVga5Y8KdRw Dial-in for analysts:1-877-883-0383, passcode 1322262 Additional details:The news release and presentation materials will be available at ir.truist.com under "Events & Presentations." A repla
CHARLOTTE, N.C., July 23, 2024 /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 September 3, 2024, to shareholders of record at the close of business on August 9, 2024. The Board also declared regular cash dividends on the following series of preferred stock: Series of Preferred Stock Dividendper Share Dividend per Depositary Share Record Date Payment Date Series I Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q810) $1,549.73758(1) $0.38743(1) August 9 September 16 Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6) $1,578.80703(1) $15.78807(1) August
CHARLOTTE, N.C., June 28, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) today released the results of its annual company-run stress test, conducted in accordance with the 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 are available online at https://IR.Truist.com/other-filings. Truist announced that the Federal Reserve has determined the Company's preliminary stress capital buffer ("SCB") requirement is 2.8%. The Federal Reserve will provide the Company's final SCB requirement on or before Aug. 31, 2024. Once
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CHARLOTTE, N.C., May 29, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) today announced the appointment of Jonathan Pruzan to its board of directors. Pruzan will also serve on the board's risk committee. "We're pleased to welcome Jon Pruzan to the Truist board," said Truist Chairman and CEO Bill Rogers. "In addition to decades of industry leadership, he brings broad knowledge of technology, operations, finance and corporate strategy, and a wealth of experience advising financial institutions that will benefit Truist, our purpose and strategic direction." Pruzan,
Danielle Brill joins firm's growing sales, trading, and research team ATLANTA, March 25, 2025 /PRNewswire/ -- Truist Securities announced today that Danielle Brill has joined the firm as managing director, strengthening its equity research coverage in the biotechnology sector. Brill is the latest addition to Truist Securities, as the firm continues to expand its equity platform to broaden its capabilities in high-growth industries. "Biotech continues to experience rapid evolution with new treatments and technologies, backed by compelling trial data, growing the market," said M
CHARLOTTE, N.C., Nov. 13, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) today announced that Clarke R. Starnes III is retiring as vice chair and chief risk officer, following an outstanding 42-year career at the bank. Brad Bender, a 20-year Truist veteran, will succeed Starnes as chief risk officer, reporting to Truist Chairman and CEO Bill Rogers. In his new role, Bender will be responsible for leading the company's risk management organization—including oversight of credit, market, capital, liquidity, operational, compliance and technology risk—as well as Trui
CHARLOTTE, N.C., Aug. 8, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) today announced that Steve Hagerman will be its new chief information officer. Hagerman will join Truist on Oct. 28, reporting to Chairman & CEO Bill Rogers. Based at Truist headquarters in Charlotte, Hagerman will lead the enterprise technology team, shaping and executing a strategic vision for the bank's technology future, including key areas like data and analytics, AI, information security, technology transformation, and more. "I'm delighted to welcome Steve Hagerman to Truist as chief information officer," said Truist Chairman & CEO Bill Rogers. "Steve has deep experience serving clients, inspirin
Funds will help provide immediate relief, support long-term recovery efforts CHARLOTTE, N.C., Aug. 4, 2024 /PRNewswire/ -- As Tropical Storm Debby approaches the Florida coast, Truist Foundation today announced it will donate $100,000 to support relief and recovery efforts in impacted communities across the Southeast. The funds will be distributed to the Center for Disaster Philanthropy's Atlantic Hurricane Season Recovery Fund, the American Red Cross and United Way Worldwide. "Truist Foundation stands ready to support local communities impacted by devastating natural disasters, such as Tropical Storm Debby," said Lynette Bell, president of Truist Foundation. "This storm is expected to str
CHARLOTTE, N.C., April 23, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) announced today that Laurence Stein, 56, has been newly elected to the Truist Board of Directors. Stein will join the 12 directors who were re-elected by shareholders for the coming year. "We're pleased to welcome Laurence Stein to Truist," said Truist Chairman and CEO Bill Rogers. "With his proven track record of increasing efficiency, streamlining operations and driving growth, our board and company will benefit from his perspective, experience and guidance." Stein recently retired from G
Star Mountain Capital, an employee-owned, specialized private credit and secondaries investment manager with ~$4 billion in assets under management targeting systematic alpha and low market correlated returns for its clients announced that Ravi Ugale has joined as a Managing Director to further bolster its Secondaries, governance, reporting and client partner team. Star Mountain Capital, LLC ("Star Mountain"), a rapidly growing specialized private credit and secondaries investment firm targeting systematic alpha and low market correlated returns for its global institutional and high-net-worth investors is pleased to announce that Ravi Ugale has joined as a Managing Director and member of
CHARLOTTE, N.C., Dec. 13, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) today announced that Scott A. Stengel will join the company on December 26, 2023, as senior executive vice president and chief legal officer, succeeding Ellen M. Fitzsimmons who previously announced her plans to retire at the end of this year following a distinguished career. Stengel will report to Truist Chairman and CEO Bill Rogers, serve as corporate secretary to the Truist Board of Directors and become a member of the bank's operating council. He'll be based in Charlotte, at the Truist corporate headquarters, where he'll oversee all legal affairs and government relations.
CHARLOTTE, N.C., Aug. 24, 2022 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) today announced that Scott Stanzel will join the company as executive vice president and chief communications officer, effective Oct. 1, 2022. Stanzel will report to Chief Legal Officer and Head of Public Affairs Ellen Fitzsimmons and will lead the bank's corporate communications function, overseeing internal and external communications from the bank's Charlotte, North Carolina, headquarters. "Scott is a forward-thinking, compelling leader with an extensive banking, technology and public sec
CHARLOTTE, N.C., May 20, 2022 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) today announced that Chief Financial Officer Daryl Bible has made the decision to retire from Truist after a distinguished 38-year career and more than 14 years with the company. "Daryl has played an instrumental role in the success of our merger of equals—one of the largest financial services mergers in recent history," said Chairman and Chief Executive Officer Bill Rogers. "His leadership, commitment and expertise have greatly contributed to our success and purpose, and we all thank Daryl for his many years of service to Truist teammates, clients and communities." As Truist conducts the search for its new
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