Truist settles 15-year-old legal saga, causing earnings hit [Yahoo! Finance]
Truist Financial Corporation (TFC)
Last truist financial corporation earnings: 4/20 05:45 am
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Source: Yahoo! Finance
What's at stake: As part of the settlement agreement related to a court case involving overdraft fees, the bank has agreed to pay up to $240 million. Forward look: Truist Chief Financial Officer Mike Maguire said restructuring charges should be "lower in 2026, modestly," though there will still be severance-related costs. Truist Financial has agreed to pay up to $240 million to resolve a long-running legal saga, and that settlement ate into its fourth-quarter profits, the company announced Wednesday. The quarterly results, which fell short of Wall Street's expectations, were also hurt by $63 million of expenses tied to employee severance packages. The settlement agreement, which is subject to court approval, caps a 15-year class-action suit about overdraft fees that arose at one of Truist's predecessor banks. The plaintiff, who died in 2014, had argued that all of the overdraft fees that Atlanta-based SunTrust Banks charged to his account were actually interest charges and
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TFC
News
- Truist Financial Corp (TFC) Q4 2025 Earnings Call Highlights: Strong Net Income and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Truist rapporteert de resultaten van het vierde kwartaal van 2025PR Newswire
- Truist Financial Q4 Earnings Call Highlights [Yahoo! Finance]Yahoo! Finance
- Truist: Muted Growth Overshadows Buyback Plans (Downgrade) [Seeking Alpha]Seeking Alpha
- Truist Financial (NYSE:TFC) Reports Sales Below Analyst Estimates In Q4 CY2025 Earnings [Yahoo! Finance]Yahoo! Finance
TFC
Earnings
- 1/21/26 - Miss
TFC
Sec Filings
- 1/21/26 - Form 8-K
- 1/12/26 - Form 8-K
- 1/5/26 - Form 4
- TFC's page on the SEC website