Truist Q2 2022 Earnings Report
Key Takeaways
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.
Earnings per diluted common share were $1.09; adjusted diluted earnings per share were $1.20.
PPNR for the second quarter of 2022 was $2.1 billion, up 25% compared to first quarter 2022.
Taxable-equivalent revenue for the second quarter of 2022 was $5.7 billion, up 6.2% compared to first quarter 2022.
Broad-based loan growth; end of period loans held for investment grew 4.7% compared to the first quarter of 2022.
Truist
Truist
Forward Guidance
Truist remains committed to delivering positive operating leverage on both a GAAP and adjusted basis for full-year 2022.