Truist Announces New $10B Common Stock Repurchase Program

Core Viewpoint - Truist Financial Corporation has authorized a new share-repurchase program of up to $10 billion, reflecting its commitment to long-term shareholder value while maintaining strong capital levels [1][2]. Group 1: Share Repurchase Program - The new share-repurchase program replaces the previous one, which had approximately $1.5 billion remaining for common stock repurchases [2]. - The repurchases may occur through various methods, including open market purchases and privately negotiated transactions, at management's discretion [3]. - The program is flexible and does not obligate the company to acquire a specific dollar amount or number of shares, allowing for modifications or discontinuation at any time [3]. Group 2: Company Overview - Truist Financial Corporation is a purpose-driven financial services company headquartered in Charlotte, North Carolina, with total assets of $544 billion as of September 30, 2025 [4]. - The company has a leading market share in high-growth markets in the U.S. and offers a wide range of financial products and services, including consumer banking, commercial banking, investment banking, and wealth management [4].