Shareholders' Equity

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Shareholders' Equity

Shareholders’ Equity

Common Stock

The following table presents total dividends declared per share of common stock:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Cash dividends declared per share	$	0.48	$	0.45	$	0.96	$	0.90

Share Repurchase Activity

The Board of Directors has authorized the repurchase of up to $4.2 billion of the Company’s common stock through September 30, 2022. At June 30, 2022, Truist had remaining authorization to repurchase $2.3 billion of common stock under the Board approved repurchase plan. Truist’s share repurchase activity is dependent on capital deployment through organic growth and acquisitions, giving consideration to economic and regulatory conditions. For the six months ended June 30, 2022, the Company repurchased $250 million of common stock, which represented 5.1 million shares.