Truist Financial’s (TFC) second-quarter 2024 adjusted earnings of 91 cents per share handily surpassed the Zacks Consensus Estimate of 84 cents. The figure, however, declined 1.1% year over year.Shares on Truist lost 1.7% in pre-market trading on a subdued third-quarter 2024 outlook.Results benefited from higher adjusted non-interest income, lower provisions and a decline in adjusted expenses. However, a decrease in net interest income (NII) due to higher funding costs and lower average loan balance was the ...

业绩总结 - 第二季度2024年净利润为1,232百万美元，每股盈利为0.91美元[28] - 调整后的净收入为4,622百万美元，较去年同期增长了307百万美元[175] - CET1比率在6/30/24达到11.6%，较上一季度增加了150个基点，达到430个基点高于10/1/24生效的7.3%的监管最低要求[119] 用户数据 - 客户偏好持续向移动端转移，自助存款和Zelle交易增长了39%[32] - 数字交易增长了13%，移动应用用户增长了7%[36] - 数字存款增长得益于数字化开户，数字消费者存款账户产量同比增长14%[42] 未来展望 - 预计2024年全面实施的巴塞尔3 CET1比率增加了约320个基点至9.1%[120] 新产品和新技术研发 - 公司购买了新的短期投资证券，总额为18.7亿美元，收益率为5.27%，并持有剩余的20.7亿美元现金[51] 市场扩张和并购 - 在5月6日完成的战略行动中，出售了TIH剩余80%的股权，获得了101亿美元的税后收益[48] 负面信息 - 出售了市值277亿美元的投资证券，录得了51亿美元的税后损失[50]

Truist Financial Corporation (TFC) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.95 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this company would post earnings of $0.78 per share when it actually produced earnings of $0.90, delivering a surprise of 15.38%.Over the last four quarters, t ...

Quarterly Performance Summary Truist Financial Corporation Second Quarter 2024 TableofContents QuarterlyPerformanceSummary TruistFinancial Corporation | --- | --- | |------------------------------------------------------------|-------| | | Page | | Financial Highlights | 1 | | ConsolidatedStatementsof Income | 2 | | ConsolidatedEndingBalanceSheets | 3 | | AverageBalancesandRates-Quarters | 4 | | AverageBalancesandRates-Year-To-Date | 5 | | CreditQuality | 6 | | SegmentFinancial Performance | 9 | | Capital I ...

CHARLOTTE, N.C., July 22, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) reported its second quarter 2024 results today. Investors can access the live second quarter 2024 earnings call at 8 a.m. ET today by webcast or dial-in as follows:Webcast: app.webinar.net/zVb4RPwq23QDial-in: 1-877-883-0383, passcode 0130732The earnings release, investor presentation, including an appendix reconciling non-GAAP disclosures, and Truist's Second Quarter 2024 Quarterly Performance Summary, which contains det ...

Art Wager Introduction Truist Financial Corporation (NYSE:TFC), one of the largest “regional” banks in the U.S., is probably best known for its significant unrealized losses in its held-to-maturity (HTM) portfolio. This was ultimately the reason for the precipitous stock decline in March 2023 amid the failure of Silicon Valley Bank. As I've explained in detail in my previous coverage of Truist here on Seeking Alpha, I felt very comfortable looking past these losses. This is partially in light of the Fed ...

Truist Financial (TFC) is scheduled to announce second-quarter 2024 results on Jul 22 before the opening bell. The overall lending scenario was decent in the quarter as borrowers accepted that high rates are here to stay for a longer time.Per the Federal Reserve’s latest data, demand for commercial and industrial (C&I) loans (accounting for roughly 50% of TFC’s total loans and leases held for investment) was modest in the first quarter. Meanwhile, consumer loan (almost 40% of total loans and leases held for ...

Truist Financial Corporation (TFC) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on July 22, 2024, might help the stock move higher if these key numbers are bet ...

CHARLOTTE, N.C., June 28, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today released the results of its annual company-run stress test, conducted in accordance with the regulations of the Board of Governors of the Federal Reserve System ("Federal Reserve") and the Federal Deposit Insurance Corporation, under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The results are available online at https://IR.Truist.com/other-filings.Truist announced that the Federal Reserve has det ...

Truist Financial (TFC) is expected to witness continued top-line growth on the back of decent loan demand, high interest rates, strategic restructuring initiatives and efforts to improve fee income.Analysts seem optimistic regarding the company’s earnings growth potential. Over the past 60 days, the Zacks Consensus Estimate for Truist’s 2024 earnings has been revised 1% upward.In the past year, TFC shares have gained 23.5% compared with the industry’s growth of 32.6%. Image Source: Zacks Investment Research ...