Truist increases prime rate to 8.25%

CHARLOTTE, N.C., (May 3, 2023) – Truist Financial Corporation (NYSE: TFC) announced an increase in its prime lending rate to 8.25% from 8.00%, effective tomorrow, May 4, 2023.

About Truist

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Truist has leading market share in many high-growth markets in the country, and offers a wide range of products and services through our retail and small business banking, commercial banking, corporate and investment banking, insurance, wealth management, and specialized lending businesses. Headquartered in Charlotte, North Carolina, Truist is a top 10 U.S. commercial bank with total assets of $574 billion as of March 31, 2023. Truist Bank, Member FDIC. Learn more at

For further information: Contacts: Investors: Ankur Vyas 404-827-6714 | Media: Shelley Miller 704-692-1518 |