Core Insights - Truist Foundation announced six finalists for the Inspire Awards, aimed at supporting nonprofit organizations that provide innovative workforce development solutions for mid- and late-career adults [1][4] - The initiative addresses the lack of confidence among U.S. employees regarding their skills, with only 47% feeling equipped for their current roles, thereby enhancing workforce readiness and economic resilience [1][4] Group 1: Inspire Awards Program - The Inspire Awards finalists will participate in a six-month development program in collaboration with MIT Solve, which includes in-person training, one-on-one coaching, and skill-building workshops [2][3] - The program aims to enhance and scale the finalists' solutions to better support career transitions and financial security for adults [3][4] Group 2: Finalists and Their Solutions - The finalists include organizations with diverse solutions such as: - Lifecycle Building Center's Breaking Barriers Through Deconstruction, which trains adults in low-income communities in building material recovery [5] - FreeWorld's tech-enabled solution for reskilling formerly incarcerated citizens for the trucking industry [5] - ReCastED's mentorship-driven model for tradespeople transitioning to teaching positions [5] - Integrity Transformations Community Development Corporation's digital platform for managing basic needs insecurity [5] - Encore Employment Enterprise Inc.'s call-center training program for older adults [5] - electrical training ALLIANCE's pre-apprenticeship program for military personnel in the electrical trade [5] Group 3: Grant Funding Details - The total grant funding for the Inspire Awards will be distributed as follows: - First Place Grant Award: $250,000 - Second Place Grant Award: $150,000 - Runners-up Grant Awards: $25,000 each - Audience Favorite Grant Award: Additional $75,000 [6] Group 4: Event and Participation - The Inspire Awards ceremony will take place on November 12, 2025, where finalists will present their solutions to a live and virtual audience [5][7] - Registration for the live event is expected to open in late summer, allowing virtual attendees to vote for the audience favorite [7] Group 5: About Truist Foundation - Truist Foundation focuses on inspiring and building better lives and communities through strategic investments in nonprofit organizations, particularly in career pathways to economic mobility and support for small businesses [8]

Company Overview - Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities [4] - As a leading U.S. commercial bank, Truist has a market share in many high-growth markets across the country [4] - Truist offers a wide range of products and services, including consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending businesses [4] - The company is headquartered in Charlotte, North Carolina, and is a top 10 commercial bank with total assets of $531 billion as of December 31, 2024 [4] Leadership Appointment - Adamson will lead strategic execution for all areas of small business banking, including deposits, lending, and payments solutions, serving over 1.2 million small business clients [1] - Adamson has more than 20 years of experience focusing on small and midsize enterprises, middle market, and large corporate sector clients [2] - Prior to joining Truist, Adamson served as managing director and U.S. head of business banking at HSBC, where she was part of the executive committee for the U.S. commercial bank [2] Client Services - Truist Consumer and Small Business Banking serves more than 14 million retail, premier, and small business clients with various financial solutions [3] - The services include deposits, lending, payments, and investment solutions through digital banking, virtual service centers, and over 1,900 community banking branches across the Southeast, Mid-Atlantic, and Texas [3]

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Industry Overview - The Zacks Major Regional Banks industry is facing challenges with poor asset quality due to Trump's tariff plans, which are expected to lead to higher inflation and modest economic expansion [1][4][7] - The financial performance of these banks is heavily influenced by the nation's economic health and stringent regulations from the Federal Reserve [3] Economic Factors - A modest rise in loan demand is anticipated as the central bank's monetary policy has impacted loan demand amid recession risks, with NII and NIM expected to rise slightly [4][5] - Tariffs are likely to result in higher prices, affecting inflation forecasts, which are projected to be 2.8% for 2025, up from 2.5% [5] Restructuring and Growth Initiatives - Major regional banks are focusing on business restructuring and digitization to enhance profitability and reduce reliance on spread income [2][6] - Investments in artificial intelligence and digital platforms are being made, along with strategic acquisitions to expand market presence [6][25] Asset Quality Concerns - Economic uncertainty and rising prices are affecting clients' ability to repay loans, leading banks to build additional reserves for potential defaults [7] - Several asset quality metrics have surpassed pre-pandemic levels, indicating a gradual deterioration in asset quality [7] Industry Performance - The Zacks Major Regional Banks industry ranks 48, placing it in the top 19% of over 250 Zacks industries, indicating positive prospects [8][10] - The industry has outperformed the S&P 500 with a collective stock increase of 14.1% over the past year, compared to 9.1% for the S&P 500 [12] Valuation Metrics - The industry has a trailing 12-month price-to-tangible book ratio (P/TBV) of 2.24X, significantly lower than the S&P 500's 12.95X, suggesting a discount compared to the broader market [15][22] Key Companies - **U.S. Bancorp**: With a market cap of $66.7 billion, it has shown solid growth in loans and deposits, with a Zacks Consensus Estimate indicating earnings growth of 9.1% for 2025 [21][19] - **BNY Mellon**: Operating in 35 countries, it has a market cap of $60 billion and is expected to see earnings growth of 15.4% for 2025, driven by new service launches and digitization efforts [28][25] - **Truist Financial**: With a market cap of $54.1 billion, it is focusing on strategic restructuring to bolster fee income, with a projected earnings growth of 8.4% for 2025 [33][31] - **Northern Trust**: Holding total assets of $155.5 billion, it has a market cap of $19.3 billion and is expected to see earnings growth of 7.1% for 2025, supported by strong capital distributions [39][38]

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- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K _________________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Commission File Number: 1-10853 TRUIST FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) | _________________________________________________________________ | | | --- | --- | | North Carolina | 56-0939887 | ...

Truist Financial Corporation (NYSE:TFC) UBS Financial Services Conference February 11, 2025 1:00 PM ET Company Participants Mike Maguire - Chief Financial Officer Conference Call Participants Erika Najarian - UBS Erika Najarian Buddy, as I say, no rest for the weary. But obviously my energy levels are back up, because we have Mike Maguire from Truist, CFO on stage. How are you? Mike Maguire I'm great. Thank you so much for having us. Question-and-Answer Session Q - Erika Najarian Absolutely. So, before we t ...

Summary of Truist Financial Corporation Conference Call Company Overview - **Company**: Truist Financial Corporation - **Participants**: Mike Maguire (CFO) Key Points Management Changes - Beau's contributions over 20 years were acknowledged as he steps down, with Mike Maguire and others taking on his responsibilities [2][3] - Focus on aligning wholesale payments with enterprise payments to enhance market strategy [3][4] Industry Positioning - Increased optimism in the banking industry noted, with Truist positioned to capitalize on this momentum [5] - Strong capital position allows for elevated shareholder returns and growth across various business lines [6][8] Loan Growth Expectations - Anticipation of loan growth across most sectors, with caution in commercial real estate due to current market conditions [9][10] - Specialty lending businesses in consumer sectors are performing well, indicating a positive outlook for growth [11][14] Deposit and Interest Income Outlook - Stable deposit environment compared to previous year, with expectations for deposit growth aligned with loan growth [16][17] - Net interest income (NII) outlook is contingent on the interest rate curve, with a productive curve expected [19][20] Investment Portfolio Management - Increased investment portfolio size from approximately $115 billion to $125 billion, with future growth expected to be more measured [22][23] - Focus on managing risks associated with interest rate fluctuations through swaps [24] Fee Income Growth - Investment banking and trading have shown consistent growth, with a focus on expanding market share and improving profitability [25][26] - Emphasis on enhancing treasury and wholesale payments as a key area for growth [28][30] Expense Management - Commitment to limiting expense growth to 1.5% in 2025 while investing in growth initiatives [36][40] - Ongoing efficiency initiatives from late 2023 are expected to yield benefits into 2025 [37] Asset Quality and Risks - Commercial real estate exposure is manageable, with proactive measures in place to mitigate risks [42][44] - Monitoring of economic factors such as tariffs and tax cuts is ongoing, with no significant updates on asset quality [45] Capital Management - Strong capital position allows for continued stock buybacks and growth investments [46][48] - Prioritization of growth, dividends, and buybacks in capital deployment strategy [51][52] Market Opportunities - Identified growth opportunities in existing markets like Texas, Pennsylvania, and New Jersey, focusing on increasing market share [56] - Mid-teens return on tangible common equity (ROTCE) target set, with ongoing initiatives to achieve this goal [57][58] Conclusion - Truist is positioned for growth with a clear focus on execution, capital management, and enhancing profitability through strategic initiatives [67][68]

Core Viewpoint - Truist Financial Corporation (TFC) and Northern Trust Corporation (NTRS) are both considered by investors, but TFC is identified as the superior value option based on current valuation metrics [1][6]. Valuation Metrics - TFC has a forward P/E ratio of 11.97, while NTRS has a forward P/E of 13.84 [5]. - TFC's PEG ratio is 1.67, compared to NTRS's PEG ratio of 1.74, indicating TFC may offer better value relative to its expected earnings growth [5]. - TFC's P/B ratio is 1.10, whereas NTRS has a P/B ratio of 1.89, further supporting TFC's stronger valuation position [6]. - TFC has a Value grade of B, while NTRS has a Value grade of C, reflecting TFC's more favorable valuation metrics [6]. Earnings Outlook - Both TFC and NTRS have a Zacks Rank of 2 (Buy), indicating an improving earnings outlook due to positive analyst estimate revisions [3].

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