CHARLOTTE, N.C., — Following a challenging year marred by the impact of the pandemic, today’s business owners are optimistic about the next six months and are reexamining their business and financial strategies as they seek opportunities to invest for growth, rebuild reserves and access capital, according to data released today as part of Truist’s business pulse…

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Earnings of $1.3 billion, or $0.98 per diluted share CHARLOTTE, N.C., Truist Financial Corporation (NYSE: TFC) today reported earnings for the first quarter of 2021. Net income available to common shareholders was $1.3 billion, up 35.3 percent, compared to the first quarter last year. Earnings per diluted common share were $0.98, an increase of 34.2 percent compared with the same…

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CHARLOTTE, N.C., Truist received the highest possible overall rating of “Outstanding” from the Federal Deposit Insurance Corporation for its most recent Community Reinvestment Act (CRA) examination period. “Truist’s community development lending provides capital that impacts community and socioeconomic needs,” said Chairman and Chief Executive Officer Kelly S. King. “Since our previous evaluation, we’ve identified and responded to community…

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CHARLOTTE, N.C., Truist Bank today announced it will redeem all $700,000,000 principal amount outstanding of its 2.85% Senior Notes due April 1, 2021 (CUSIP 07330NAJ4) on the redemption date of March 1, 2021. The redemption price for the notes will be equal to 100% of the principal amount of the notes, plus accrued and unpaid interest thereon to, but excluding, the…

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Earnings of $1.2 billion, or $0.90 per diluted share CHARLOTTE, N.C., Jan. 21, 2021 /CNW/ — Truist Financial Corporation (NYSE: TFC) today reported earnings for the fourth quarter of 2020. Net income available to common shareholders was $1.2 billion, up 74.9 percent, compared to the fourth quarter last year. Earnings per diluted common share were $0.90, an increase of 20.0 percent compared…

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CHARLOTTE, N.C., — Truist Financial Corporation (NYSE: TFC) last week announced increased capital flexibility following the release of the second round of bank stress tests by the Federal Reserve. The Federal Reserve modified its prior restrictions on capital distributions, allowing Truist to maintain its per share common stock dividend and repurchase common stock, provided that the…

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