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.

Total Revenue

$3.63B

Previous year: $2.94B