TFC - Mergers and acquisitions

Commitments will support affordable housing, career development and economic mobility initiatives CHARLOTTE, N.C., Aug. 10, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) and Truist Foundation today announced $17 million in commitments to support affordable housing in Charlotte and career development and economic mobility programs across North Carolina. The Truist commitment consists of three initiatives: $15 million equity investment from Truist Community Capital in the Housing Impact Fund II to combat displacement, secure affordable housing and facilitate critical services for low-to-moderate income families across Mecklenburg County. It is the second such fund formed by Ersk

Acquisition underscores Truist's commitment to financial wellness, technology innovation and diversity CHARLOTTE, N.C., May 3, 2022 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) today announced it has acquired Long Game, the award-winning gamified finance mobile app that is changing the way people save, learn and engage with their finances. Long Game transforms how users engage with their bank by using prize-linked savings and casual gaming to motivate smart financial behaviors and driving new account growth and client retention for banks. Truist will leverage Long Game's innovative technology to help its clients build long-term financial wellness and advance its purpose to inspire

GAAP earnings of $1.6 billion, or $1.16 per diluted share Adjusted earnings of $2.1 billion, or $1.55 per diluted share Results reflect diverse business mix, strong fee income and solid expense management Excellent credit quality and improving economic conditions drive negative provision Capital and liquidity remain strong CHARLOTTE, N.C., July 15, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE:TFC) today reported earnings for the second quarter of 2021. Net income available to common shareholders was $1.6 billion, up 73%, compared to the second quarter last year. Earnings per diluted common share were $1.16, also an increase of 73% compared with the same period last year. Results