Truist authorizes new $10 billion share repurchase program

Truist Financial Corporation (NYSE: TFC) announced that its board of directors authorized a new share repurchase program of up to $10 billion of the company's outstanding common stock. The authorization is effective immediately and does not have an expiration date.

The new program replaces the prior share repurchase program, which had approximately $1.5 billion in common stock repurchases remaining. The Charlotte, North Carolina-based bank made the announcement December 16.

Repurchases under the program may be made through open market purchases, privately negotiated transactions, or other means, including through Rule 10b5-1 plans, at management's discretion. The timing, quantity, and price of repurchases will be determined by management based on various factors.

The bank stated that actions under the share repurchase program will be subject to factors including Truist's capital and liquidity positions, regulatory considerations, financial and operational performance, alternative uses of capital, the trading price of common stock, and general market conditions.

The program does not obligate Truist to acquire a specific dollar amount or number of shares and may be modified or discontinued at any time.

Truist reported total assets of $544 billion as of September 30, 2025. The company operates as a top-10 commercial bank offering consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending services.

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