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 ...

CHARLOTTE, N.C., Sept. 30, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report third-quarter 2024 financial results before the market opens on Thursday, October 17, 2024. 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/qVga5Y8KdRw Dia ...

Funds will support information technology, infrastructure restoration in most impacted communities, including Western North Carolina CHARLOTTE, N.C., Sept. 30, 2024 /PRNewswire/ -- Truist Foundation today announced it will donate an additional $500,000 to support relief and recovery efforts in communities most impacted by the historic destruction from Hurricane Helene, including Western North Carolina, making its total contributions $1 million. The funds will be distributed to IT Disaster Resource Center, U ...