11 Best Regional Bank Dividend Stocks to Buy

2. Truist Financial Corporation (NYSE:TFC)

Number of Hedge Fund Holders: 57

Truist Financial Corporation (NYSE:TFC) offers a wide range of banking services, including commercial banking, savings accounts, mortgages, and credit cards. The company continues to prioritize regulatory compliance, adhering to the stricter prudential standards and capital requirements set for Category III banking institutions. Staying compliant is vital to supporting the company’s day-to-day operations and long-term strategic plans. As one of the largest banks in the US, Truist enjoys a strong foothold in rapidly expanding regions such as Florida and Georgia. The bank has recently ramped up its focus on digital transformation and technological innovation, enhancing its services to better compete with emerging fintech players.

In the fourth quarter of 2024, Truist Financial Corporation (NYSE:TFC) generated $5.11 billion in revenue, marking a 5% year-over-year increase. Net income for the quarter stood at $1.28 billion. The bank saw a $6.5 billion, or 1.4%, increase in average earning assets, mainly due to a $7.7 billion, or 6.6%, rise in average securities. Average deposits rose by $5.7 billion, or 1.5%, while average short-term borrowings jumped by $4.2 billion, or 20%. On the other hand, the average long-term debt declined by $1.2 billion, or 3.4%.

Truist Financial Corporation (NYSE:TFC) also maintains a solid track record when it comes to dividends, having made consistent payments to shareholders since 1997. In 2024, the company returned $3.8 billion to common shareholders through dividends and share repurchases, including $500 million worth of stock buybacks. The dividend payout ratio stood at 57%, with a total shareholder payout ratio of 98%, making Truist one of the best dividend stocks. It currently pays a quarterly dividend of $0.52 per share and has a dividend yield of 5.62%, as of April 3.