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Truist Financial Corporation - Financial | Regional - Southeast Banks | USA

Truist Reports Fourth Quarter 2019 Results

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Net income available to common shareholders was $702 million, down 6.9 percent, compared with the fourth quarter last year due to costs associated with the merger. Earnings per diluted common share were $0.75 for the fourth quarter of 2019, a decrease of 22.7 percent compared with the same period last year. Results for the fourth quarter produced an annualized return on average assets (ROA) of 0.95 percent, an annualized return on average common shareholders' equity (ROCE) of 7.33 percent, and an annualized return on tangible common shareholders' equity (ROTCE) of 12.91 percent.

Adjusted net income available to common shareholders was $1.0 billion, or $1.12 per diluted share, excluding merger-related and restructuring charges of $223 million ($176 million after-tax), incremental operating expenses related to the merger of $101 million ($79 million after-tax), securities losses of $116 million ($90 million after-tax), partially offset by the after-tax impact from the sale of residential mortgage loans of $1 million. Adjusted diluted earnings per common share increased $0.05 compared to the third quarter of 2019.


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https://finance.yahoo.com/news/truist-re...00678.html

Truist Financial (TFC) Q2 Earnings Beat, Revenues & Costs Rise

Truist Financial’s TFC second-quarter 2020 adjusted earnings of 82 cents per share surpassed the Zacks Consensus Estimate of 64 cents. Results excluded restructuring charges and BB&T-SunTrust Banks merger-related charges, incremental operating expenses related to the merger, securities gains and losses from the early extinguishment of long-term debt.

Results benefited from an improvement in revenues along with a decline in provision for credit losses. However, higher expenses were an undermining factor. The balance sheet position remained strong in the reported quarter.

After considering non-recurring items, net income available to common shareholders (GAAP basis) was $902 million or 67 cents per share compared with $986 million or 73 cents per share in the prior quarter.


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https://finance.yahoo.com/news/truist-fi...11560.html

Truist Tops 3Q Earnings, Raymond James Sticks To Buy

Truist Financial’s 3Q adjusted earnings per share of $0.97 beat Street estimates of $0.88, reflecting strong performances in its investment banking, wealth management and insurance divisions.

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https://finance.yahoo.com/news/truist-to...45764.html

Truist Financial Corporation (TFC) Q3 Earnings and Revenues Beat Estimates

Truist Financial Corporation (TFC) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 18.33%. A quarter ago, it was expected that this company would post earnings of $1.17 per share when it actually produced earnings of $1.55, delivering a surprise of 32.48%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Truist Financial Corporation, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $5.6 billion for the quarter ended September 2021, surpassing the Zacks Consensus Estimate by 1.41%. This compares to year-ago revenues of $5.57 billion.


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https://finance.yahoo.com/news/truist-fi...11115.html