Shareholders' Equity

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Cash dividends declared per share	$	0.52	$	0.48	$	1.48	$	1.38

Share Repurchase Activity

Truist’s share repurchase activity is dependent on capital deployment through organic growth and acquisitions, giving consideration to economic and regulatory conditions. The Board of Directors has authorized the repurchase of up to $4.1 billion of the Company’s common stock from October 1, 2022 through September 30, 2023. For the nine months ended September 30, 2022, the Company repurchased $250 million of common stock, which represented 5.1 million shares.