Core Viewpoint - Truist Financial (TFC) is set to announce its first-quarter 2025 results on April 17, with expectations of a mixed performance due to subdued loan demand and varying trends in different loan categories [1][2]. Lending and Loan Demand - Demand for commercial and industrial (C&I) loans, which make up about 50% of TFC's total loans, was subdued in the first two months of the quarter, while consumer loan demand, accounting for nearly 40%, showed improvement [2]. - The average loan balance for TFC is projected to be $309.3 billion, reflecting a slight decline from the previous year [3]. Interest Income and Margin - The consensus estimate for net interest income (NII) is $3.56 billion, indicating a 4% year-over-year increase, while the company's estimate is slightly higher at $3.57 billion [4]. - Management anticipates a 2% sequential decline in NII due to fewer days in the quarter and lower average deposit balances, although excluding this impact, NII is expected to remain stable [5]. Non-Interest Income - The consensus estimate for service charges on deposits is $225.2 million, unchanged from the prior year, while card and payment-related fees are estimated at $223.3 million, also flat year-over-year [6]. - Residential mortgage income is expected to rise to $107.3 million, a 19.2% increase, driven by stable mortgage rates [7]. - Investment banking and trading income is projected to fall by 17.1% to $267.9 million due to market volatility and tariff concerns [8]. - Lending-related fees are expected to decline by 5.4% to $90.8 million, reflecting the subdued lending environment [9]. - Wealth management income is anticipated to decrease by 5% to $338.3 million due to poor equity market performance [10]. - Overall, total non-interest income is estimated at $1.4 billion, a 2.9% drop from the previous year [11]. Expenses and Asset Quality - Total adjusted non-interest expenses are projected to be $2.86 billion, a 4.4% increase from the prior year, driven by technology investments and inflation [12]. - The provision for credit losses is estimated at $470.1 million, a 6% year-over-year decline, while total non-accrual loans and leases are expected to rise by 4% to $1.47 billion [14]. Earnings Expectations - The consensus estimate for TFC's earnings is 86 cents per share, reflecting a 4.4% decline from the previous year, with total sales projected at $4.92 billion, a 2.2% increase [16].

Company Overview - Truist Financial Corporation (TFC) shares increased by 8.8% to close at $37.99, following a broader market rally driven by President Trump's announcement of a 90-day tariff pause for non-retaliating nations [1] - The stock had previously experienced a 12.5% loss over the past four weeks, indicating a significant recovery [1] Earnings Expectations - Truist Financial is expected to report quarterly earnings of $0.86 per share, reflecting a year-over-year decline of 4.4% [2] - Revenue projections stand at $4.92 billion, which is a 2.2% increase compared to the same quarter last year [2] Earnings Estimate Revisions - The consensus EPS estimate for Truist Financial has been revised down by 1.6% over the last 30 days [3] - A negative trend in earnings estimate revisions typically does not lead to price appreciation, suggesting caution for future stock performance [3] Industry Context - Truist Financial is part of the Zacks Banks - Major Regional industry, which includes State Street Corporation (STT) [3] - State Street's stock rose by 9.3% to $82.32, but it has seen a return of -12.1% over the past month [3] - State Street's EPS estimate for the upcoming report has decreased by 1% to $1.99, representing a 17.8% increase from the previous year [4]

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Truist Financial Corporation (TFC) despite an increase in revenues when it reports its results for the quarter ended March 2025 [1][3]. Earnings Expectations - The upcoming earnings report is expected to show quarterly earnings of $0.86 per share, reflecting a -4.4% change year-over-year, while revenues are projected to be $4.92 billion, up 2.2% from the previous year [3]. - The earnings report is scheduled for release on April 17, 2025, and the stock may react positively if the results exceed expectations, whereas a miss could lead to a decline [2]. Estimate Revisions - The consensus EPS estimate has been revised down by 1.62% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Truist Financial is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.15%, suggesting a bullish outlook from analysts [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8]. - Truist Financial has a Zacks Rank of 3, which, along with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, Truist Financial exceeded the expected earnings of $0.87 per share by delivering $0.91, resulting in a surprise of +4.60% [12]. - The company has successfully beaten consensus EPS estimates in the last four quarters [13]. Conclusion - While Truist Financial is positioned as a compelling earnings-beat candidate, other factors may also influence stock performance beyond just the earnings results [14][16].

Core Insights - Truist Financial Corporation (TFC) has a strong track record of beating earnings estimates, particularly in the last two quarters with an average surprise of 6.79% [1][5] - The most recent earnings report showed earnings of $0.91 per share, exceeding the Zacks Consensus Estimate of $0.87 per share by 4.60% [2] - The previous quarter also saw a positive surprise, with actual earnings of $0.97 per share against an expected $0.89 per share, resulting in an 8.99% surprise [2] Earnings Estimates - There has been a favorable change in earnings estimates for Truist Financial, with a positive Earnings ESP (Expected Surprise Prediction) indicating potential for continued earnings beats [5][8] - The current Earnings ESP for Truist Financial is +0.15%, suggesting analysts are optimistic about the company's near-term earnings potential [8] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6] Earnings Release Information - The next earnings report for Truist Financial is anticipated to be released on April 17, 2025 [8]

Core Insights - Sheffield Financial and Polaris Inc. have renewed their retail financing partnership, which began in 2009, emphasizing their commitment to customer-friendly financing options [1][2] - The partnership aims to enhance the retail experience for Polaris dealers and customers across the nation [1][2] Company Overview - Sheffield Financial, a division of Truist Bank, specializes in providing simple and fast installment financing across various industries, including powersports [3] - Founded 32 years ago, Sheffield Financial serves hundreds of leading brands and has financed millions of customers in the USA [3] - Truist Financial Corporation, the parent company of Sheffield, is a major financial services provider with total assets of $531 billion as of December 31, 2024 [4] Partnership Benefits - Polaris dealers gain access to Sheffield Financial's nationwide installment financing, digital tools, and services [2][6] - The partnership offers flexible financing options for both new and pre-owned Polaris products, facilitating affordable monthly payments for customers [6] - Sheffield's online dealer portal provides digital tools like prequalification technology, enhancing the buying experience for customers [6] Dealer Support - Sheffield Financial provides dedicated support to Polaris dealers through powersports-specialist underwriters available seven days a week [6] - The financing process is designed for speed and simplicity, allowing dealers to efficiently close sales with fast approvals and quick funding [6]

Core Insights - Truist Foundation announced six finalists for the Inspire Awards, aimed at supporting nonprofit organizations that provide innovative workforce development solutions for mid- and late-career adults [1][4] - The initiative addresses the lack of confidence among U.S. employees regarding their skills, with only 47% feeling equipped for their current roles, thereby enhancing workforce readiness and economic resilience [1][4] Group 1: Inspire Awards Program - The Inspire Awards finalists will participate in a six-month development program in collaboration with MIT Solve, which includes in-person training, one-on-one coaching, and skill-building workshops [2][3] - The program aims to enhance and scale the finalists' solutions to better support career transitions and financial security for adults [3][4] Group 2: Finalists and Their Solutions - The finalists include organizations with diverse solutions such as: - Lifecycle Building Center's Breaking Barriers Through Deconstruction, which trains adults in low-income communities in building material recovery [5] - FreeWorld's tech-enabled solution for reskilling formerly incarcerated citizens for the trucking industry [5] - ReCastED's mentorship-driven model for tradespeople transitioning to teaching positions [5] - Integrity Transformations Community Development Corporation's digital platform for managing basic needs insecurity [5] - Encore Employment Enterprise Inc.'s call-center training program for older adults [5] - electrical training ALLIANCE's pre-apprenticeship program for military personnel in the electrical trade [5] Group 3: Grant Funding Details - The total grant funding for the Inspire Awards will be distributed as follows: - First Place Grant Award: $250,000 - Second Place Grant Award: $150,000 - Runners-up Grant Awards: $25,000 each - Audience Favorite Grant Award: Additional $75,000 [6] Group 4: Event and Participation - The Inspire Awards ceremony will take place on November 12, 2025, where finalists will present their solutions to a live and virtual audience [5][7] - Registration for the live event is expected to open in late summer, allowing virtual attendees to vote for the audience favorite [7] Group 5: About Truist Foundation - Truist Foundation focuses on inspiring and building better lives and communities through strategic investments in nonprofit organizations, particularly in career pathways to economic mobility and support for small businesses [8]

Company Overview - Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities [4] - As a leading U.S. commercial bank, Truist has a market share in many high-growth markets across the country [4] - Truist offers a wide range of products and services, including consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending businesses [4] - The company is headquartered in Charlotte, North Carolina, and is a top 10 commercial bank with total assets of $531 billion as of December 31, 2024 [4] Leadership Appointment - Adamson will lead strategic execution for all areas of small business banking, including deposits, lending, and payments solutions, serving over 1.2 million small business clients [1] - Adamson has more than 20 years of experience focusing on small and midsize enterprises, middle market, and large corporate sector clients [2] - Prior to joining Truist, Adamson served as managing director and U.S. head of business banking at HSBC, where she was part of the executive committee for the U.S. commercial bank [2] Client Services - Truist Consumer and Small Business Banking serves more than 14 million retail, premier, and small business clients with various financial solutions [3] - The services include deposits, lending, payments, and investment solutions through digital banking, virtual service centers, and over 1,900 community banking branches across the Southeast, Mid-Atlantic, and Texas [3]

"Biotech continues to experience rapid evolution with new treatments and technologies, backed by compelling trial data, growing the market," said Mary Stroth, head of equity sales, trading, and research for Truist Securities. "Danielle's unique insights and analysis will complement our existing team as we advise our institutional clients to navigate factors that impact their investment strategies such as product innovation, loss of exclusivity, and new adjacency use cases." Brill's coverage will complement ...

Industry Overview - The Zacks Major Regional Banks industry is facing challenges with poor asset quality due to Trump's tariff plans, which are expected to lead to higher inflation and modest economic expansion [1][4][7] - The financial performance of these banks is heavily influenced by the nation's economic health and stringent regulations from the Federal Reserve [3] Economic Factors - A modest rise in loan demand is anticipated as the central bank's monetary policy has impacted loan demand amid recession risks, with NII and NIM expected to rise slightly [4][5] - Tariffs are likely to result in higher prices, affecting inflation forecasts, which are projected to be 2.8% for 2025, up from 2.5% [5] Restructuring and Growth Initiatives - Major regional banks are focusing on business restructuring and digitization to enhance profitability and reduce reliance on spread income [2][6] - Investments in artificial intelligence and digital platforms are being made, along with strategic acquisitions to expand market presence [6][25] Asset Quality Concerns - Economic uncertainty and rising prices are affecting clients' ability to repay loans, leading banks to build additional reserves for potential defaults [7] - Several asset quality metrics have surpassed pre-pandemic levels, indicating a gradual deterioration in asset quality [7] Industry Performance - The Zacks Major Regional Banks industry ranks 48, placing it in the top 19% of over 250 Zacks industries, indicating positive prospects [8][10] - The industry has outperformed the S&P 500 with a collective stock increase of 14.1% over the past year, compared to 9.1% for the S&P 500 [12] Valuation Metrics - The industry has a trailing 12-month price-to-tangible book ratio (P/TBV) of 2.24X, significantly lower than the S&P 500's 12.95X, suggesting a discount compared to the broader market [15][22] Key Companies - **U.S. Bancorp**: With a market cap of $66.7 billion, it has shown solid growth in loans and deposits, with a Zacks Consensus Estimate indicating earnings growth of 9.1% for 2025 [21][19] - **BNY Mellon**: Operating in 35 countries, it has a market cap of $60 billion and is expected to see earnings growth of 15.4% for 2025, driven by new service launches and digitization efforts [28][25] - **Truist Financial**: With a market cap of $54.1 billion, it is focusing on strategic restructuring to bolster fee income, with a projected earnings growth of 8.4% for 2025 [33][31] - **Northern Trust**: Holding total assets of $155.5 billion, it has a market cap of $19.3 billion and is expected to see earnings growth of 7.1% for 2025, supported by strong capital distributions [39][38]

CHARLOTTE, N.C., March 20, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report first-quarter 2025 financial results before the market opens on Thursday, April 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/KNd8VGQjew3 Dial- ...