ITEM 8.01 Other Events.

On December 23, 2020, Truist Financial Corporation ("Truist") issued a press release commenting on the results of the second round of bank stress tests from the Federal Reserve. Truist announced that its Board of Directors authorized the repurchase of up to $2 billion of the company's common stock beginning in the first quarter of 2021, as well as certain other actions to optimize Truist's capital position. Management's intention is to maintain an approximate 10% Common Equity Tier 1 ratio after taking into account strategic actions such as non-bank acquisitions or stock repurchases. Any stock repurchase activity will be informed by economic and regulatory considerations as well as Truist's capital position, earnings outlook, and capital deployment priorities.

The Truist capital plan includes maintaining a first quarter 2021 dividend of $0.45 per common share, subject to approval by the Board of Directors at its January 2021 meeting.

The press release is attached hereto as Exhibit 99.1.




ITEM 9.01  Financial Statements and Exhibits.
(d)  Exhibits
Exhibit No.               Description of Exhibit
  99.1                    Press release dated December 23, 2020.
104                       The cover page from this Current Report on Form 8-K, formatted in Inline
                          XBRL.

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