For the quarter ended September 2024, Truist Financial Corporation (TFC) reported revenue of $5.09 billion, down 10.4% over the same period last year. EPS came in at $0.97, compared to $0.84 in the year-ago quarter. The reported revenue represents a surprise of +0.69% over the Zacks Consensus Estimate of $5.05 billion. With the consensus EPS estimate being $0.89, the EPS surprise was +8.99%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they comp ...

| --- | --- | --- | |-------------------------------------------------|-------|-------| | | | | | | | | | | | | | Third Quarter 2024 | | | | Earnings Conference Call | | | | | | | | Bill Rogers – Chairman & CEO Mike Maguire – CFO | | | | October 17, 2024 | | | Forward-Looking Statements From time to time we have made, and in the future will make, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do ...

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 ZacksEarnings 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. Resu ...

Truist Financial Corporation (TFC) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.99%. A quarter ago, it was expected that this company would post earnings of $0.84 per share when it actually produced earnings of $0.91, delivering a surprise of 8.33%. Over the last four quarters, ...

CHARLOTTE, N.C., Oct. 17, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) reported its third quarter 2024 results today. Investors can access the live third quarter 2024 earnings call at 8 a.m. ET today by webcast or dial-in as follows: Webcast: app.webinar.net/qVga5Y8KdRw Dial-in: 1-877-883-0383, passcode 1322262 The earnings release, investor presentation, including an appendix reconciling non-GAAP disclosures, and Truist's Third Quarter 2024 Quarterly Performance Summary, which contains det ...

Truist Financial (TFC) is scheduled to announce third-quarter 2024 results on Oct. 17 before the opening bell. The overall lending scenario was decent in the quarter, given borrowers' expectations of rate cuts. 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 third quarter. Meanwhile, consumer loan (a ...

Wall Street analysts forecast that Truist Financial Corporation (TFC) will report quarterly earnings of $0.89 per share in its upcoming release, pointing to a year-over-year increase of 6%. It is anticipated that revenues will amount to $5.05 billion, exhibiting a decline of 11% compared to the year-ago quarter. The current level reflects an upward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively rea ...

Company Overview - Truist Financial Corporation (TFC) is expected to report earnings of $0.89 per share for the quarter ended September 2024, reflecting a year-over-year increase of 6% [3] - Revenues are anticipated to be $5.05 billion, which represents an 11% decline from the same quarter last year [3] Earnings Expectations - The consensus EPS estimate has been revised 0.37% higher in the last 30 days, indicating a slight positive adjustment by analysts [4] - The Most Accurate Estimate for Truist Financial is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.37%, suggesting a bearish outlook from analysts [10] Earnings Surprise History - In the last reported quarter, Truist Financial exceeded the expected earnings of $0.84 per share by delivering $0.91, resulting in a surprise of 8.33% [11] - Over the past four quarters, the company has beaten consensus EPS estimates three times [12] Industry Context - State Street Corporation (STT), a peer in the Zacks Banks - Major Regional industry, is expected to report earnings of $2.08 per share for the same quarter, indicating a year-over-year increase of 7.8% [16] - State Street's revenues are projected to be $3.18 billion, reflecting an 18.1% increase from the previous year [16]

Earnings and Business Trends - Truist Financial (NYSE: TFC) is set to report its third-quarter earnings next week [1] - The company has undergone a small transformation following a major asset disposal and balance sheet restructuring [1] - Trends in Truist's core banking business will become even more important moving forward [1] Investment Approach - The author prefers a long-term, buy-and-hold investment strategy with a focus on stocks that can sustainably post high-quality earnings [1] - Such stocks are mostly found in the dividend and income section [1] - The author blogs about various US and Canadian stocks on 'The Compound Investor' and predominantly UK names on 'The UK Income Investor' [1]

Funds will help provide immediate and long-term resources to help communities in the storm's path get ready, respond and rebuild CHARLOTTE, N.C., Oct. 8, 2024 /PRNewswire/ -- As another hurricane threatens the Florida Peninsula in the coming days, Truist Foundation today announced it will donate $1 million to support relief and recovery efforts in communities most impacted by Hurricane Milton – the second major hurricane expected to hit the area in the past two weeks. The funds will be distributed to the Am ...