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Sep 1, 2023 · The verdict is out on whether the combined Truist Financial got better. Chief Financial Officer Mike Maguire stresses that the premise underlying the merger is intact four years later: Truist has a powerful, 17-state franchise rooted in many fast-growing Sun Belt markets.
Jan 18, 2024 · Truist Financial Corp reported a loss in the fourth quarter on Thursday, hurt by a raft of one-time charges tied to regulatory and restructuring activities, and a fall in net interest income.
Jul 20, 2023 · July 20 (Reuters) - Truist Financial (TFC.N) missed estimates for second-quarter profit on Thursday, as the bank set aside more rainy-day funds to cover for potential defaults in a tough...
Jul 22, 2024 · Truist Financial reported a 33% drop in second-quarter profit on Monday, dragged down by a $5.1 billion loss on the sale of some securities and lower net interest income (NII).
May 31, 2024 · Truist CEO Bill Rogers on Thursday said the bank remains focused on streamlining expenses after announcing “sizable reductions” last year. “We felt we needed to have a little bit of a shock to the system,” Rogers said Thursday at a Bernstein conference.
Mar 14, 2023 · Among the top-ten largest U.S. banks, Truist Financial Corporation suffered the most significant losses over the past week, losing ~25% of its value. Due to its high-quality deposits, Truist's...
Government regulators seized and sold off First Republic Bank on Monday, making it the third bank to fail this year after Silicon Valley Bank and Signature Bank collapsed in March.
Truist Financial Corp. ended fiscal 2023 with a $5.1 billion fourth-quarter loss, caused primarily by a massive goodwill write-down that the bank said reflects the current turbulence in the...
Jan 18, 2024 · Truist Financial Corp. said it swung to a fourth-quarter loss due to a noncash impairment while delivering stronger-than-expected revenue.
Jan 18, 2024 · Truist Financial swung to a loss in the fourth quarter, and other big players reported steep profit declines from a year earlier. Key points from Truist: The bank posted a net loss of more...
