Latest news with #TruistFinancialCorporation
Cision Canada
6 days ago
- Business
- Cision Canada
Truist reports second quarter 2025 results
CHARLOTTE, N.C., July 18, 2025 /CNW/ -- Truist Financial Corporation (NYSE: TFC) reported its second quarter 2025 results today. Investors can access the live second quarter 2025 earnings call at 8 a.m. ET today by webcast or dial-in as follows: The earnings release, investor presentation, including an appendix reconciling non-GAAP disclosures, and Truist's Second Quarter 2025 Quarterly Performance Summary, which contains detailed financial schedules, are available at Truist's Investor Relations website at A replay of the call will be available on the website for 30 days. About Truist Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $544 billion as of June 30, 2025. Truist Bank, Member FDIC. Learn more at
Finextra
09-07-2025
- Business
- Finextra
Truist unveils Merchant Engage
Truist Financial Corporation (NYSE: TFC) today unveiled Truist Merchant Engage, a new integrated merchant services platform designed to help small and medium-sized businesses (SMBs) streamline operations, gain real-time insights and scale with certainty. 0 The launch marks a significant expansion of Truist's payments product suite and underscores the company's commitment to delivering modern, scalable technology that deepens client relationships and drives focused growth. This milestone reinforces Truist's ongoing investment in innovative payments technology — built to meet evolving client needs and position the bank at the forefront of digital financial services. The rollout, which began in late June and will continue into early 2026, marks a major step in Truist's journey to modernize business banking and deliver integrated, insight-driven solutions. It also marks the U.S. debut of the Pollinate platform, with Truist as the first U.S. bank to bring this solution to market. Truist Merchant Engage offers a smarter approach to serving business clients by unifying core financial services and merchant solutions into a single, intuitive digital experience. The platform features real-time dashboards, dynamic onboarding, product discovery and self-service tools that simplify operations and unlock insights. Many of the over 30 million SMBs in the U.S. — representing 99% of all businesses — still rely on non-integrated payments and business services providers, costing them up to a full day each week in administrative tasks. Valued at approximately $40 billion, the U.S. merchant acquiring market presents a significant opportunity. "At Truist, our approach to payments is built on simplicity, speed, and safety — principles that guide how we create meaningful value for our clients," said Truist Head of Enterprise Payments Chris Ward. "Truist Merchant Engage is more than a product — it's a reflection of our purpose-driven commitment to lead the industry with integrated solutions that help businesses thrive. By unifying business banking and merchant services into one seamless experience, we're enabling SMBs to operate more efficiently, make data-driven decisions and grow with confidence." "Our partnership with Truist is about helping a forward-looking institution deliver on its promise to small and medium-sized business customers," said Pollinate CEO Fiona Roach Canning. "Banks have the product breadth to serve SMBs better than anyone — but what's been missing is the experience layer to unify merchant acquiring with business banking. Pollinate helps banks bring this together in a way that's intuitive, intelligent and built for modern business owners."
Yahoo
30-06-2025
- Business
- Yahoo
Earnings Preview: What to Expect From Truist Financial's Report
Charlotte, North Carolina-based Truist Financial Corporation (TFC) is a financial services company that provides banking and trust services in the Southeastern and Mid-Atlantic United States. With a market cap of $55.8 billion, the company operates through two segments, Consumer and Small Business Banking; and Wholesale Banking. The financial company is set to unveil its second-quarter results before the markets open on Friday, July 18. Ahead of the event, analysts expect TFC to report a non-GAAP earnings of $0.93 per share, up 2.2% from the profit of $0.91 per share reported in the year-ago quarter. Additionally, the company has surpassed the Street's bottom-line projections in each of the past four quarters. Holiday Trading, Trade Negotiations and Other Key Things to Watch this Week Alphabet's Strong Free Cash Flow Makes GOOG Stock a Value Buy Alibaba Is Restructuring Its E-Commerce Unit. How Should You Play BABA Stock Here? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For the current year, its earnings are expected to come in at $3.89 per share, up 5.4% from $3.69 per share reported in the year-ago quarter. In fiscal 2026, its earnings are expected to rise 13.1% year-over-year to $4.40 per share. TFC stock has grown 12.6% over the past 52 weeks, matching the S&P 500 Index's ($SPX) 12.6% uptick but underperforming the Financial Select Sector SPDR Fund's (XLF) 26.8% rise during the same time frame. On Apr. 17, shares of TFC closed down marginally after delivering its Q1 results. The company's revenue increased 1.6% year-over-year to $4.9 billion, with tax-equivalent net interest income up 3.8%, reaching $3.6 billion, supported by lower interest expenses. Moreover, its adjusted earnings declined 3.3% from the year-ago quarter to $0.87 but surpassed the consensus estimates by 1.2%. The consensus opinion on TFC is moderately optimistic, with a 'Moderate Buy' rating overall. Of the 22 analysts covering the stock, opinions include 10 'Strong Buys,' two 'Moderate Buys,' and 10 'Holds.' Its mean price target of $46.62 suggests a 9.4% upside potential from current price levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-06-2025
- Business
- Yahoo
Truist (TFC) Expands Commercial Banking Teams in Ohio and Pennsylvania
Truist Financial Corporation (NYSE:TFC) is . On June 11, the financial institution announced the expansion of its commercial banking teams in Ohio and Western Pennsylvania. A financial advisor in a suit, pen in hand, talking to a client in the bank. The expansion is part of Truist Financial Corp's push to generate new clients and deepen its regional relationships. The bank has already added a dozen commercial and middle market bankers in Cleveland, Columbus, and Pittsburg as part of the expansion drive. Truist Financial Corporation (NYSE:TFC) is expanding its capacity in Pennsylvania and Ohio to help clients navigate today's uncertain economic environment. It also plans to build on its momentum in the region by delivering localized coverage. Investments in high-quality talent underscore Truist Financial Corp's bid to serve growing business communities. In Pittsburgh, the bank has tapped the talents of veteran commercial banker James Spagnolo and middle market banker Eric Hersom. Market banker Chris Abraham joined Truist in Cleveland, bringing over 20 years of experience. Truist Financial Corporation (NYSE:TFC) is a purpose-driven financial services company offering a wide range of products and services through wholesale and consumer businesses. It provides various financial services, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending. While we acknowledge the potential of TFC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
17-04-2025
- Business
- Yahoo
Truist reports first quarter 2025 results
CHARLOTTE, N.C., April 17, 2025 /CNW/ -- Truist Financial Corporation (NYSE: TFC) reported its first quarter 2025 results today. Investors can access the live first quarter 2025 earnings call at 8 a.m. ET today by webcast or dial-in as follows: Webcast: Dial-in: 1-877-883-0383, passcode 0999346 The earnings release, investor presentation, including an appendix reconciling non-GAAP disclosures, and Truist's First Quarter 2025 Quarterly Performance Summary, which contains detailed financial schedules, are available at Truist's Investor Relations website at A replay of the call will be available on the website for 30 days. About Truist Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $536 billion as of March 31, 2025. Truist Bank, Member FDIC. Learn more at View original content: SOURCE Truist Financial Corporation View original content: Sign in to access your portfolio
