After weathering volatility in recent years, banks can now deploy excess capital, signaling confidence in their long-term growth prospects. That was the story shared by Truist executives during a third-quarter 2024 earnings call Thursday (Oct. 17). They said the bank "returned $1.2 billion of capital to our shareholders in the form of our common stock dividend and share repurchases completed during the quarter." The broader macroeconomic environment, marked by higher interest rates, inflationary pressures a ...

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, ...

Quarterly Performance Summary Truist Financial Corporation Third Quarter 2024 TableofContents QuarterlyPerformanceSummary TruistFinancial Corporation | --- | --- | |----------------------------------------------------------------------------------------------------|---------| | | P a g e | | Fin a n cial Hig hlig h t s | 1 | | C o n s olid a t e d S t a t e m e n t s o f In c o m e | 2 | | C o n s olid a t e d E n din g B ala n c e S h e e t s | 3 | | Av e r a g e B ala n c e s a n d R a t e s - Q u a r t e ...

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 ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Truist Financial Corporation (TFC) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact 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 expected to be relea ...