Truist Financial Corp. (TFC) announces planned dividend increase following release of 2022 CCAR results

June 27, 2022 4:33 PM EDT

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Truist Financial Corporation (NYSE: TFC) today released the results of its annual company-run stress test, conducted in accordance with the regulations of the Board of Governors of the Federal Reserve System ("Federal Reserve") and the Federal Deposit Insurance Corporation, under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The results are available online at

Truist announces a planned 8% increase in its regular quarterly cash dividend to $0.52 per common share from $0.48 per share following the completion of the 2022 Comprehensive Capital Analysis and Review ("CCAR") process. Truist's dividends are subject to approval by its board of directors, which will consider the proposed dividend at its July meeting. If approved, the new quarterly dividend will take effect in the third quarter of 2022.

Truist also announces that the Federal Reserve is maintaining the preliminary stress capital buffer ("SCB") that applies to the company at 2.5%. The SCB will be in effect from Oct. 1, 2022 to Sept. 30, 2023 and reflects Truist's prudent risk management and sound financial performance under stressful conditions.

Truist plans to operate below its previously announced Common Equity Tier 1 ("CET1") ratio target of 9.75% reflecting the reduction of merger integration risk and its continued strong stress test results, partially offset by increased economic uncertainty.

"Truist's strong stress test results, combined with this past year's solid financial results and a successful integration means that we are well-positioned to execute on our strategy," said Truist Chairman and Chief Executive Officer Bill Rogers. "Operating as a unified Truist across all dimensions, we're shifting our focus from merger integration to executional excellence and purposeful growth. Guided by our purpose to inspire and build better lives and communities, Truist will continue to strategically deploy capital on behalf of our clients and shareholders while also thoughtfully managing risk."

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