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Sep 30, 2020
Truist Q3 2020 Earnings Report
Reported strong performance for the quarter, benefiting from stable asset quality and diverse noninterest-income generating businesses.
Key Takeaways
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.
Earnings per diluted common share were $0.79; adjusted diluted earnings per share were $0.97.
ROA was 0.91 percent; adjusted ROA was 1.11 percent.
ROCE was 6.87 percent; adjusted ROCE was 8.50 percent.
ROTCE was 13.31 percent; adjusted ROTCE was 16.08 percent.
Truist
Truist
Forward Guidance
Truist will update and resubmit its capital plan in early November 2020 to reflect changes in financial markets and the macroeconomic outlook.