Truist (TFC) Declares SCB, Rewards Shareholders With Buyback Plan [Yahoo! Finance]
Truist Financial Corporation (TFC)
Last truist financial corporation earnings: 4/20 05:45 am
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Source: Yahoo! Finance
buffer (SCB) requirement is 2.8%. This excludes the impact of the sale of Truist Insurance Holdings and the balance sheet repositioning that occurred on May 6. While the company's final SCB requirement will be determined on or before Aug 31, 2024, the new SCB requirement, once finalized, will be in effect from Oct 1, 2024, to Sep 30, 2025. TFC's board of directors has authorized a share repurchase program worth $5 billion through 2026, expected to begin in the third quarter of 2024. Earlier, management had said that share repurchases were not a priority as the company was seeking to maintain higher capital levels. However, now, since the divestiture of the remaining stake in its insurance subsidiary is complete, TFC is in a position to resume buybacks. Moreover, subject to approval from its board of directors, Truist plans to maintain its current quarterly common stock dividend of 52 cents per share. While TFC hiked its quarterly dividend by 8.3% in 2022, the bank maintained
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TFC
News
- Truist Financial Co. (NYSE: TFC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Tiny Chain Bridge is top banker to Trump, Republican campaigns [Yahoo! Finance]Yahoo! Finance
- Truist announces planned capital distributions and stress capital buffer requirement following release of 2024 CCAR results [Yahoo! Finance]Yahoo! Finance
- Truist announces planned capital distributions and stress capital buffer requirement following release of 2024 CCAR resultsPR Newswire
- High Rates, Restructuring Aid Truist (TFC) Amid Cost Woes [Yahoo! Finance]Yahoo! Finance
TFC
Earnings
- 4/22/24 - Beat
TFC
Sec Filings
- 6/27/24 - Form 11-K
- 5/13/24 - Form 13F-HR
- 5/10/24 - Form 8-K
- TFC's page on the SEC website