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Dec 31, 2019
Truist Q4 2019 Earnings Report
Truist's earnings were reported for Q4 2019, reflecting heritage BB&T prior to the merger and results from both BB&T and SunTrust post-merger.
Key Takeaways
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.
Earnings per diluted common share were $0.75; adjusted diluted earnings per share were $1.12.
ROA was 0.95 percent; adjusted ROA was 1.40 percent.
Completed merger of equals on December 6, 2019, merging loans of $154.0 billion and deposits of $170.7 billion.
Taxable-equivalent revenue was $3.7 billion for the fourth quarter of 2019.