CHARLOTTE, N.C., Sept. 30, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report third-quarter 2024 financial results before the market opens on Thursday, October 17, 2024. 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/qVga5Y8KdRw Dia ...

Funds will support information technology, infrastructure restoration in most impacted communities, including Western North Carolina CHARLOTTE, N.C., Sept. 30, 2024 /PRNewswire/ -- Truist Foundation today announced it will donate an additional $500,000 to support relief and recovery efforts in communities most impacted by the historic destruction from Hurricane Helene, including Western North Carolina, making its total contributions $1 million. The funds will be distributed to IT Disaster Resource Center, U ...

Group 1 - Truist Foundation announced a donation of $500,000 to support relief and recovery efforts in communities affected by Hurricane Helene [1][2] - The funds will be allocated to the American Red Cross, World Central Kitchen, and the Center for Disaster Philanthropy's Atlantic Hurricane Season Fund for both immediate and long-term recovery efforts [1][2] - The donation aims to address essential community needs such as food, shelter, and medical services, as well as medium- and long-term recovery efforts including rebuilding homes and providing mental health support [2][3] Group 2 - Earlier in the year, Truist Foundation contributed $1 million to the American Red Cross Annual Disaster Giving Program to facilitate quick assistance to communities impacted by disasters [3] - The foundation is committed to its purpose of inspiring and building better lives and communities, focusing on economic mobility and strengthening small businesses [4]

Core Insights - The article highlights the best mortgage refinance lenders in the U.S. as of October 2025, with a focus on their offerings and customer satisfaction ratings [1][2][10]. Group 1: Best Refinance Lenders - Truist Bank is recognized as the best overall refinance lender due to its wide selection of loans and low median debt-to-income (DTI) ratio requirement of 30, compared to other finalists whose DTI ratios ranged from 36 to 45 [2][8]. - TD Bank is noted as the runner-up, praised for its excellent refinancing options but limited by its regional service area, operating in only 15 states and Washington, D.C. [5][9]. - Bank of America specializes in conventional loan refinancing and is highly rated for customer satisfaction, although it does not cater to FHA or VA loans [6][15]. Group 2: Specialized Lenders - Pennymac is highlighted as the best for FHA and VA refinancing, known for its low interest rates and specialization in government-backed loans [10][16]. - Rate, formerly Guaranteed Rate, stands out for offering higher-value refinance loans, with a median loan amount of $335,000, significantly higher than other finalists [12][17]. - Fifth Third Bank is recognized for having the lowest loan costs among its peers, serving a limited number of states [21][27]. Group 3: Customer Satisfaction and Resources - Customer satisfaction ratings from J.D. Power indicate that Truist and Pennymac have below-average scores, while Bank of America is highly rated [8][12][15]. - U.S. Bank is noted for its extensive online resources, receiving a five-star rating for educational materials and tools available to customers [18][26]. Group 4: Market Trends - Mortgage refinancing applications have increased by 31% year-over-year, with the national average refinance APR for a 30-year mortgage at 6.64% and 5.91% for 15-year loans [29][44]. - The article emphasizes the importance of comparing offers from multiple lenders to secure the best refinancing deal [45][56].

In collaboration with MIT Solve, Truist Foundation will provide more than $1 million in grants and in-kind services to nonprofits supporting career navigation and workforce development CHARLOTTE, N.C., Sept. 23, 2024 /PRNewswire/ -- Truist Foundation today announced the launch of its third Inspire Awards, a capacity-building grant program for nonprofit organizations, to help create career pathways to economic mobility for workers across the U.S. This year's challenge aims to improve resources for adults see ...

Group 1 - Truist Foundation announced a donation of $250,000 to support relief and recovery efforts in communities affected by Hurricane Francine [1][2] - The funds will be allocated to the American Red Cross and the Center for Disaster Philanthropy's Atlantic Hurricane Season Recovery Fund, focusing on immediate needs such as food, shelter, and medical services [1][2] - A portion of the donation will also support medium- and long-term recovery efforts, including rebuilding homes and providing mental health and legal services [2] Group 2 - Earlier in the year, Truist Foundation contributed $1 million to the American Red Cross Annual Disaster Giving Program to facilitate rapid assistance to disaster-impacted communities [3] - This earlier funding aims to provide essential supplies like food, shelter, and emotional support to thousands affected by disasters [3] Group 3 - Truist Foundation, established in 2020, operates independently of Truist Financial Corporation and focuses on building career pathways and strengthening small businesses [4] - The foundation's initiatives include the Inspire Awards and Where It Starts, aimed at ensuring equal opportunities for all communities [4]

Company and Industry Overview * **Company**: Truist Financial Corporation (NYSE:TFC) * **Industry**: Banking and Financial Services * **Event**: Barclays 22nd Annual Global Financial Services Conference * **Date**: September 10, 2024 * **Participants**: * Bill Rogers - Chairman and CEO * Mike Maguire - CFO * Jason Goldberg - Barclays Capital Key Points 1. Strategic Objectives and Growth * Truist's purpose is to inspire and build better lives and communities. * The company has a strong local presence in high-growth markets and a comprehensive platform that competes with the largest banks. * Truist aims to maximize its potential by leveraging its scale, density, and expertise in key markets and segments. 2. Organizational Realignment and Simplification * Truist has implemented an organizational realignment and simplification plan to improve efficiency, reduce costs, and better position the company for growth. * This plan includes: * Holding expenses flat in 2024 * Streamlining the board of directors * Appointing new executive leadership * Selling its remaining stake in Truist Insurance Holdings (TIH) * Repurchasing up to $5 billion in shares of common stock through 2026 3. Capital Position and Return on Equity * The sale of TIH significantly improved Truist's capital position and accelerated its ability to comply with proposed Basel III capital rules. * Truist expects to improve its Return on Tangible Common Equity (ROTCE) ratio to the mid-teens over the medium term through a combination of client and business growth and a more efficient balance sheet. 4. Growth Initiatives * Truist plans to focus on growing its existing business within certain verticals, including: * Middle-market banking * Treasury management * Consumer and wealth businesses * Payments and treasury management * The company will leverage its corporate investment banking expertise and existing client relationships to drive growth in these areas. 5. Financial Performance * Truist reaffirmed its guidance for the third quarter and full year, expecting to achieve flat expenses and positive operating leverage. * The company expects to continue investing in its franchise and growth initiatives while maintaining a strong risk discipline. 6. Credit Quality * Truist's credit quality remains strong, with no secular or geographic issues brewing. * The company is proactive in managing its credit risk, particularly in the commercial real estate sector. 7. Capital Deployment * Truist plans to prioritize investing in its franchise and growth initiatives over share repurchases and other capital deployment options. * The company will evaluate the use of capital based on economic conditions and growth opportunities. 8. Conclusion * Truist is well-positioned for growth and profitability, with a strong capital position, a simplified organizational structure, and a clear strategy for driving growth in key markets and segments.

Shutthiphong Chandaeng/iStock via Getty Images Shares of super regional bank Truist Financial Corporation (NYSE:TFC) are trading near their 52-week high after posting a strong 2Q24, as expectations for a Fed rate cut in September increase. The bank sold its remaining 80% stake in Truist Insurance Holdings (TIH) in May 2024 and executed a concurrent balance sheet repositioning to boost its capital adequacy ratios. With a 4.7% yield despite an approximate 25% rally since first announcing the TIH sale in Febru ...

Jefferson Rives, managing director and head of healthcare technology, joins from Barclays. Rives has 20 years of experience, including leading roles within the Wells Fargo and Morgan Stanley global healthcare teams. He is a graduate of the University of North Carolina – Chapel Hill and received his MBA from the Kellogg School of Management at Northwestern University. Max Riso, managing director, biotech, joins from Citi's healthcare investment banking group. Riso has 11 years of healthcare investment bankin ...

Core Insights - Truist Financial Corporation has appointed Steve Hagerman as the new Chief Information Officer, effective October 28, 2024 [1][2] - Hagerman brings over 25 years of experience in the financial services industry, having previously held senior positions at Wells Fargo and JPMorgan Chase [2] - The company emphasizes its commitment to technology innovation and modernization to enhance client experience and drive growth [2][3] Company Overview - Truist Financial Corporation is a purpose-driven financial services company with total assets of $520 billion as of June 30, 2024 [3] - The company operates as a leading U.S. commercial bank with significant market share in high-growth markets, offering a wide range of financial products and services [3] - Truist's mission focuses on inspiring and building better lives and communities, differentiating itself in the industry through its commitment to client care [3]