Truist Earnings Reports

Truist delivered $1.2B in net income and maintained a solid capital position despite revenue pressure from lower interest income. EPS held steady at $0.87, supported by strong credit discipline, loan growth, and strategic capital returns.

Truist Financial Corporation reported a net income of $1.1 billion, or $0.81 per share, for the first quarter of 2024. Adjusted net income was $1.2 billion, or $0.90 per share, up 11%. Total revenues were down 1.4%. The CET1 ratio remained strong at 10.1%. The company announced the sale of the remaining stake in TIH, expected to close in the second quarter of 2024.

Truist reported first quarter 2023 results with GAAP earnings of $1.4 billion, or $1.05 per share. Adjusted PPNR was up 19% from the year-ago quarter due to NIM expansion and strong loan growth. Asset quality remained strong with the net charge-off ratio at 37 basis points, and capital and liquidity levels remained strong with a CET1 ratio of 9.1%.

Truist Financial Corporation reported strong fourth-quarter results with a 5.6% increase in net income available to common shareholders, reaching $1.6 billion. Earnings per diluted common share increased by 6.2% to $1.20. The results reflect strong PPNR performance due to robust loan growth and expanded NIM. Capital, liquidity, and credit quality remained strong.

Truist Financial Corporation reported mixed results for the third quarter of 2022, with strong loan growth and expanded net interest margin offset by the challenging market environment impacting capital markets related revenue. GAAP earnings were $1.5 billion, or $1.15 per diluted share, while adjusted earnings were $1.7 billion, or $1.24 per diluted share.

Truist Financial Corporation reported a net income available to common shareholders of $1.5 billion for the second quarter of 2022, a decrease of 6.7% compared to the same period last year. Adjusted net income was $1.6 billion, or $1.20 per diluted share. The results reflect strong loan growth and expanded net interest margin.

Truist Financial Corporation reported first quarter 2022 GAAP earnings of $1.3 billion, or $0.99 per diluted share. Adjusted earnings were $1.6 billion, or $1.23 per diluted share. The results reflect solid loan growth, strong expense control, and continued favorable credit results. However, fee revenues were impacted by market volatility and geopolitical uncertainty.

Truist Financial Corporation reported a net income available to common shareholders of $1.5 billion for Q4 2021, a 24% increase compared to the same period last year. Earnings per diluted common share were $1.13, up 26% compared to the prior year. Adjusted earnings per diluted share were $1.38, up 17% compared to the prior year.

Truist Financial Corporation reported strong third-quarter results with a net income available to common shareholders of $1.6 billion, up 51% compared to the third quarter last year. Adjusted net income available to common shareholders was $1.9 billion. The results were driven by strong fee income from a diverse business mix and exceptional credit performance.

Truist Financial Corporation reported a net income of $1.6 billion for the second quarter of 2021, a 73% increase compared to the same period last year. Adjusted net income was $2.1 billion. The results reflect a diverse business mix, strong fee income, and solid expense management. Excellent credit quality and improving economic conditions drove a negative provision.

Truist Financial Corporation reported a net income available to common shareholders of $1.3 billion for the first quarter of 2021, up 35.3% compared to the same period last year. Adjusted net income was $1.6 billion, an increase of 42% compared with the first quarter last year. Earnings per diluted common share were $0.98, an increase of 34.2 percent compared with the same period last year. Adjusted earnings per diluted common share were $1.18, also up 42% from last year.

Truist Financial Corporation reported strong Q4 2020 results with a record adjusted net income of $1.6 billion, or $1.18 per share. The performance was driven by a significant decline in the provision for credit losses and strong results from noninterest-income generating businesses. The adjusted efficiency ratio improved to 55.9 percent and the adjusted return on tangible common equity was very strong at 19.03 percent.

Truist Financial Corporation reported earnings for the third quarter of 2020 with a net income available to common shareholders of $1.1 billion, up 45.3 percent compared to the third quarter last year. Earnings per diluted common share were $0.79, a decrease of 16.8 percent compared with the same period last year.

Truist Financial Corporation reported net income available to common shareholders of $902 million for the second quarter of 2020, an increase of 7.1% compared to the same period last year. Earnings per diluted common share were $0.67, a decrease of 38.5% compared to the previous year. Adjusted net income was $1.1 billion, or $0.82 per diluted share.

Truist Financial Corporation reported a net income of $986 million for Q1 2020, a 31.6% increase compared to the same period last year. Earnings per diluted common share were $0.73, a decrease of 24.7% year-over-year. The results were significantly affected by merger-related costs and discretionary costs related to supporting stakeholders during the COVID-19 pandemic. The company provided $893 million in reserves to address expected future losses.

Truist Financial Corporation reported earnings for the fourth quarter of 2019 with a net income of $702 million, or $0.75 per diluted share. The results include costs associated with the merger of equals completed on December 6, 2019. Taxable-equivalent revenue totaled $3.7 billion, and adjusted net income was $1.0 billion.