Truist Financial's Q3 Earnings Beat as NII & Fee Income Rise [Yahoo! Finance]
Truist Financial Corporation (TFC)
Last truist financial corporation earnings: 4/20 05:45 am
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Source: Yahoo! Finance
Truist Financial 's TFC third-quarter 2024 adjusted earnings of 97 cents per share handily surpassed the Zacks Consensus Estimate of 89 cents. The figure, also, jumped 21.3% year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar Results benefited from higher net interest income (NII) and non-interest income. Further, lower provisions and a decline in expenses acted as tailwinds. On the other hand, a fall in average loan and deposit balances was the undermining factor. Results in the reported quarter excluded an increase to gain on the sale of Truist Insurance Holdings (“TIH”) and credit for an FDIC special assessment. After considering these, net income available to common shareholders (GAAP basis) was $1.34 billion or 99 cents per share, up from $1.07 billion or 80 cents per share in the prior-year quarter. Our estimate for the metric was $1.15 billion. TFC's Revenues Rise, Expenses Fall Total quarterly revenues of $5.14 billion grew 4.3%
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News
- Truist Financial Corporation (TFC) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Truist Financial (TFC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates [Yahoo! Finance]Yahoo! Finance
- Truist reports third quarter 2024 results [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Truist Financial beats Q3 top and bottom line estimates [Seeking Alpha]Seeking Alpha
- Truist reports third quarter 2024 resultsPR Newswire
TFC
Earnings
- 10/17/24 - Beat
TFC
Sec Filings
- 10/17/24 - Form 8-K
- 9/17/24 - Form 4
- 9/9/24 - Form 8-K
- TFC's page on the SEC website