Truist Financial announces 2.5% preliminary stress capital buffer requirement

Truist Financial (TFC) announced that the Board of Governors of the Federal Reserve System has notified Truist that the preliminary stress capital buffer requirement that applies to the company is 2.5%, for the period beginning Oct. 1, 2025, to Sept. 30, 2026. Once finalized, the new stress capital buffer requirement plus the minimum Basel III Common Equity Tier 1 capital ratio of 4.5%, results in a minimum CET1 ratio requirement of 7.0%. As of March 31 Truist had $47.8B of CET1 capital and a CET1 ratio of 11.3%, exceeding the new minimum CET1 ratio requirement by 4.3%. Truist also announced plans to maintain its current quarterly common stock dividend of $0.52 per share, subject to approval by its board of directors. Truist’s $5B share repurchase program, as authorized by Truist’s board of directors in 2024, remains active with approximately $2.8B of capacity after Q2 repurchases.