Truist Financial Corp.’s TFC board of directors has approved a new share repurchase plan. Under the new authorization, the company may repurchase up to $10 billion of its shares. The program takes effect immediately and has no stated expiration date.
This new program will replace the existing share repurchase plan of $5 billion announced in 2023. As of Dec. 16, 2025, roughly $1.5 billion shares were available for repurchase.
Apart from buybacks, Truist continues to return capital through dividends. Following the clearance of this year’s stress test, it maintained dividend payouts at 52 cents per share. Over the last five years, TFC has raised its dividend twice, with a five-year annualized dividend growth rate of 3.2%.
Based on yesterday’s closing price of $49.71, the company’s annualized dividend yield stands at 4.18%, well above the industry average of 3.13%. This reflects an attractive income stream for shareholders.
Dividend Yield
Image Source: Zacks Investment Research
Truist’s liquidity position remains sound. As of Sept. 30, 2025, it had total debt of $71.1 billion (with 41.3% being short-term in nature) and cash and due from banks and interest-bearing deposits with banks of $36.9 billion.
Further, as of Sept. 30, 2025, Truist reported a common equity tier 1 ratio of 11% and a total capital ratio of 14.2%, both comfortably above regulatory minimums. The strong capital and liquidity position should support efficient capital distribution and enhance long-term shareholder value.
TFC’s Zacks Rank & Price Performance
Shares of Truist have risen 24.9% compared with the industry’s 24.7% growth in the past six months.
Six-Month Price Performance
Image Source: Zacks Investment Research
Currently, TFC carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Share Buyback Announcements by Other Finance Firms
Last week, Regions Financial Corporation’s RF board of directors approved a new share repurchase program worth up to $3 billion of its common stock. The authorization will be effective from Jan. 1, 2026, and will remain in place through Dec. 31, 2027.
This new authorization will supersede the existing program, which is set to expire on Dec. 31, 2025. As of Sept. 30, 2025, RF had already repurchased approximately 61 million shares for $1.3 billion under that plan.
Similarly, Ally Financial Inc.’s ALLY board of directors authorized a multi-year share repurchase program to repurchase shares worth up to $2 billion. The buybacks will begin this quarter, and the program does not have an expiration date.
Although ALLY has not repurchased any shares since 2023, the company is expected to be able to sustain enhanced capital distributions in the future, supported by its robust liquidity position and earnings strength.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>Regions Financial Corporation (RF) : Free Stock Analysis Report
Ally Financial Inc. (ALLY) : Free Stock Analysis Report
Truist Financial Corporation (TFC) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
