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Higher NII to Aid Truist's Q4 Earnings, Lower Fee Income to Hurt
ZACKS· 2025-01-14 17:46
Truist Financial (TFC) is scheduled to announce its fourth-quarter and full-year 2024 results on Jan. 17 before the opening bell. Given the implementation of rate cuts, the overall lending scenario improved in the quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.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) rose during the fourth quarter. Likewise, consum ...
Insights Into Truist Financial (TFC) Q4: Wall Street Projections for Key Metrics
ZACKS· 2025-01-14 15:16
Wall Street analysts forecast that Truist Financial Corporation (TFC) will report quarterly earnings of $0.87 per share in its upcoming release, pointing to a year-over-year increase of 7.4%. It is anticipated that revenues will amount to $5 billion, exhibiting a decline of 12.3% compared to the year-ago quarter.The current level reflects an upward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively rea ...
Truist Financial Corporation (TFC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2025-01-10 16:01
The market expects Truist Financial Corporation (TFC) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expect ...
Truist announces fourth-quarter 2024 earnings call details
Prnewswire· 2024-12-20 14:17
CHARLOTTE, N.C., Dec. 20, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report fourth-quarter 2024 financial results before the market opens on Friday, January 17, 2025. Chairman and Chief Executive Officer Bill Rogers and Chief Financial Officer Mike Maguire will host a conference call to review the company's financial results at 8 a.m. ET.Investors can access the live earnings call by webcast or dial-in as follows:Live webcast for listeners: https://app.webinar.net/xOqjwYK80mYDial-in ...
Truist receives 'Outstanding' Community Reinvestment Act rating
Prnewswire· 2024-12-11 13:00
CHARLOTTE, N.C., Dec. 11, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it received the highest possible overall rating of "Outstanding" from the Federal Deposit Insurance Corporation for its most recent Community Reinvestment Act examination period, from 2020-2022. The CRA encourages banks to help meet the credit needs of communities in which they operate, including low- and moderate-income (LMI) neighborhoods, consistent with safe and sound banking operations."Receiving an ...
Truist to speak at the Goldman Sachs US Financial Services Conference
Prnewswire· 2024-11-21 14:00
CHARLOTTE, N.C., Nov. 21, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chairman and Chief Executive Officer Bill Rogers will speak at the Goldman Sachs 2024 US Financial Services Conference at 10:40 a.m. ET on Tuesday, Dec. 10, 2024, in New York City.A live audio webcast will be available on the day of the conference at ir.truist.com under Events & Presentations. A replay of the webcast will be available on the website for 30 days.About TruistTruist Financial Corporatio ...
Sirona Biochem Announces Publication of Groundbreaking Study on TFC-1326 Compound in the Journal of Cosmetic Dermatology
GlobeNewswire News Room· 2024-11-20 21:30
VANCOUVER, British Columbia, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Sirona Biochem Corp. (TSX-V: SBM) (FSE: ZSB) is proud to announce the publication of a pivotal research article in the prestigious Journal of Cosmetic Dermatology. About the Study The article, titled “TFC-1326 Compound Reduces Clinical Signs of Skin Aging: Evidence From In Vitro Human Adipose and Skin Models and Pilot Clinical Trial,” highlights the groundbreaking efficacy of Sirona’s proprietary compound TFC-1326 in reducing visible signs of sk ...
Truist launches 'Truist Cares for Western North Carolina'--a three-year, $725 million commitment to support and sustain hurricane recovery and resiliency
Prnewswire· 2024-11-20 11:00
The commitment will include new, dedicated capital for local small businesses, residents and municipalities, impact capital from Truist Community Capital, philanthropic giving from Truist Foundation and additional on-the-ground humanitarian support from Truist teammates to help establish long-term resiliency in this devastated region. To optimize this new initiative, Truist will work closely with community partners, including key civic and business stakeholders, and disaster response organizations, to help ...
Truist announces retirement of Vice Chair and Chief Risk Officer Clarke R. Starnes III and appointment of Brad Bender as successor
Prnewswire· 2024-11-13 21:05
Brad Bender, a 20-year Truist veteran, will succeed Starnes as chief risk officer, reporting to Truist Chairman and CEO Bill Rogers. In his new role, Bender will be responsible for leading the company's risk management organization—including oversight of credit, market, capital, liquidity, operational, compliance and technology risk—as well as Truist's regulatory relations, ethics and financial crimes functions. Bender will assume the role of chief risk officer effective immediately and continue to serve on ...
Azimuth extends relationship with Truist to enhance its automation capabilities
Prnewswire· 2024-11-12 14:00
JACKSONVILLE, Fla., Nov. 12, 2024 /PRNewswire/ -- Azimuth, a pioneer in compliance automation, announced today that it is growing its strategic partnership with Truist Financial Corp (NYSE: TFC). With this multi-year expansion of their current partnership, Truist will implement Azimuth's VALIDATOR software, enabling the bank to deploy automated, full-population compliance monitoring across multiple consumer businesses.This multi-year agreement broadens the partnership that began in December 2021 with an inv ...