Truist Financial Corporation's Stock Analysis

Truist Financial Amends Bylaws Affecting Shareholder Proposals

On July 29, 2025, Truist Financial's Board of Directors approved amendments to the company's Bylaws. The changes primarily focus on enhancing procedural and disclosure requirements for shareholder proposals and director nominations. Key revisions include new disclosure obligations for shareholders proposing directors or business at meetings, limitations on nominating directors over the age of 75, and provisions allowing the Lead Independent Director to call special Board meetings.

Additional amendments clarify Board actions, officer compensation authority, and adjust oversight provisions to align with corporate practices. These updates also ensure compliance with the North Carolina Business Corporation Act and include several non-substantive changes. A copy of the updated Bylaws is available for reference.

Aug 01, 2025 16:16:06

Truist Financial Reports Second Quarter 2025 Financial Results

Truist Financial Corporation reported a net income of $1.2 billion for the second quarter of 2025, translating to $0.90 per diluted share. Total revenues saw a slight increase of 1.8%, with net interest income rising by 2.3%. The bank experienced growth in both average loans and leases, which increased by 2.0%, and average deposits, which rose by 2.1%. Asset quality indicators remained stable, with nonperforming loans decreasing and the allowance for credit losses at $5.3 billion, covering nonperforming loans 3.9 times.

The company's capital ratios remained robust, with a CET1 ratio of 11.0%. Truist returned capital to shareholders through a $750 million stock repurchase and declared a dividend of $0.52 per share. Noninterest expenses increased by 2.8%, primarily driven by higher personnel costs. The effective tax rate was stable, and the bank's liquidity coverage ratio stood at 110%, above the regulatory minimum. Overall, Truist's financial position reflects a commitment to growth and stability in a competitive environment.

Jul 18, 2025 06:03:50

Truist Reports Q1 2025 Earnings and Share Repurchase Details

Truist Financial Corporation reported a net income of $1.2 billion for the first quarter of 2025, translating to $0.87 per diluted share. The company experienced a 1.1% increase in average loans, totaling $308.6 billion, while total revenue decreased by 3.2% compared to the previous quarter. Additionally, Truist repurchased $500 million in common shares, resulting in a dividend payout ratio of 59% and a total payout ratio of 102% for the quarter.

The bank's noninterest income saw a decline of 5.3% from the fourth quarter of 2024, primarily due to lower other income, although investment banking and trading income rose. Noninterest expenses were down 4.3%, reflecting cost management efforts. Truist maintained a strong capital position with a CET1 ratio of 11.3% and continued to focus on asset quality, with nonperforming loans slightly increasing to 0.48% of total loans. The provision for credit losses was $458 million, a decrease from the prior quarter.

Apr 17, 2025 06:02:05

Truist Financial Appoints New Chief Risk Officer Amid Transition

Truist Financial Corporation has announced the retirement of Clarke R. Starnes III, who served as vice chair and chief risk officer for 42 years. His successor, Brad Bender, a 20-year veteran of the company, will take over the role immediately. Starnes is recognized for his leadership and expertise, particularly during the merger that formed Truist, and will assist Bender during the transition period to ensure continuity in the company's risk management operations.

Bender has a strong background in various operational roles within Truist, including his recent position as interim chief information officer. He is expected to lead the company's risk management organization, focusing on credit, market, and operational risks, among others. While the leadership change brings an experienced successor, the transition also marks the end of Starnes' long tenure, which may raise concerns about maintaining the established risk management practices that he helped develop over the years.

Nov 13, 2024 16:07:22

Truist to Sell Stake in Truist Insurance Holdings for $15.5 Billion

Truist Financial Corporation is selling its stake in Truist Insurance Holdings to an investor group for $15.5 billion, strengthening its balance sheet and enabling investment in core banking. The sale is expected to increase the company's capital ratio and tangible book value per share. The buyer group, led by Stone Point Capital and Clayton, Dubilier & Rice, plans to support Truist Insurance Holdings' growth in the insurance brokerage market. The transaction is subject to regulatory approvals and is expected to close in the second quarter of 2024.

Feb 20, 2024 07:22:05

Truist Financial Corporation Announces Key Leadership Appointments and Organizational Changes

Truist Financial Corporation announced the appointment of Beau Cummins as chief operating officer, Dontá Wilson as chief consumer & small business banking officer, and the hiring of Kristin Lesher as chief wholesale banking officer. The company also introduced other organizational changes, including the formation of a Truist Operating Council to expand leadership opportunities and ensure inclusive feedback.

Nov 14, 2023 16:36:57