分组1 - Truist Financial Corporation reported quarterly earnings of $1.12 per share, exceeding the Zacks Consensus Estimate of $1.09 per share, and up from $0.91 per share a year ago, representing an earnings surprise of +2.41% [1] - The company posted revenues of $5.25 billion for the quarter ended December 2025, which was below the Zacks Consensus Estimate by 0.41%, but an increase from $5.06 billion year-over-year [2] - Over the last four quarters, Truist Financial has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] 分组2 - The stock's immediate price movement will depend on management's commentary during the earnings call and the sustainability of earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.02 on revenues of $5.2 billion, and for the current fiscal year, it is $4.47 on revenues of $21.42 billion [7] - The Zacks Industry Rank for Banks - Major Regional is in the top 34% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

Core Viewpoint - Truist Financial's fourth-quarter earnings fell short of analyst expectations, yet the company's shares rose approximately 2% intra-day, indicating market resilience despite disappointing results [1]. Financial Performance - Truist reported a net income available to common shareholders of $1.29 billion, equating to $1.00 per diluted share, which missed estimates of $1.09 per share [2]. - The bank's revenue totaled $5.25 billion, below the consensus forecast of $5.31 billion [2]. - The results were negatively impacted by a $130 million legal accrual and $63 million in severance costs, which collectively reduced earnings by $0.12 per share [2]. Underlying Trends - Despite the headline miss, the bank reported improving underlying trends, with net interest income increasing by 1.9% sequentially to $3.75 billion [3]. - The net interest margin expanded by six basis points to 3.07% [3]. - Average loans held for investment grew by $4.3 billion, or 1.3%, reflecting broad-based loan growth [3]. - Compared to the year-ago period, revenue rose by 5.2% from $5.06 billion [3].

Key insight: Truist's fourth-quarter earnings were hurt by $130 million in legal-related fees and $63 million in severance costs. What's at stake: As part of the settlement agreement related to a court case involving overdraft fees, the bank has agreed to pay up to $240 million. Forward look: Truist Chief Financial Officer Mike Maguire said restructuring charges should be "lower in 2026, modestly," though there will still be severance-related costs. Truist Financial has agreed to pay up to $240 millio ...

Core Viewpoint - Truist Financial's fourth-quarter 2025 adjusted earnings of $1.12 per share exceeded expectations, but shares fell nearly 2% in pre-market trading despite the positive results [1]. Financial Performance - Adjusted earnings per share for 2025 were $3.82, missing the Zacks Consensus Estimate of $3.92, but increased by 13.7% year over year [4]. - Total revenues for the fourth quarter were $5.25 billion, a 3.7% year-over-year increase, but fell short of the Zacks Consensus Estimate of $5.27 billion [5]. - Full-year revenues reached $20.32 billion, up 53% year over year, but also missed the Zacks Consensus Estimate of $20.38 billion [5]. - Net interest income (NII) for the quarter was $3.75 billion, a 3% increase year over year, with a net interest margin (NIM) of 3.07%, unchanged from the prior year [5]. Income and Expenses - Non-interest income was $1.55 billion, reflecting a 5.2% year-over-year increase, driven by various fee income sources [6]. - Non-interest expenses rose to $3.17 billion, up 4.4% year over year, primarily due to higher personnel and other expenses [6]. - The adjusted efficiency ratio improved to 54.9%, down from 57.7% in the prior-year quarter, indicating enhanced profitability [7]. Credit Quality - Provision for credit losses was $512 million, an 8.7% increase from the prior year, while total non-performing assets (NPAs) rose to $1.63 billion, up 10.6% year over year [8]. - Net charge-offs were 0.57% of average loans and leases, a decrease of 2 basis points from the prior year [8]. - The allowance for loan and lease losses was 1.53% of total loans, down 6 basis points year over year [9]. Capital Ratios and Share Repurchases - Return on average common equity was 8.5%, slightly up from 8.4% in the fourth quarter of 2024 [10]. - The Tier 1 risk-based capital ratio was 11.9%, down from 12.9% in the prior year, while the common equity Tier 1 ratio was 10.8%, down from 11.5% [10]. - Truist Financial repurchased shares worth $750 million during the reported quarter [11]. Outlook - The company expects decent loan demand and ongoing business restructuring initiatives to support its top line, although elevated expenses pose a significant challenge [12].

Market Overview - After a sharp sell-off on Tuesday due to fears of potential U.S. tariffs on Europe, Wall Street attempted a cautious rebound on Wednesday [1] - The Dow Jones Industrial Average rose about 0.6%, outperforming both the S&P 500 and the Nasdaq 100, as investors remained defensive amid geopolitical uncertainty [3] Sector Performance - The oil and gas sector significantly outperformed the broader market, with U.S. natural gas futures at the Henry Hub facility jumping nearly 24%, marking the largest two-day percentage gain on record [4] - Shares of EQT Corp climbed 6%, while Antero Resources Corporation advanced 5% due to weather-related concerns [5] - Crude oil prices remained stable, with WTI settling flat at $60 a barrel [5] Earnings Reports - Netflix Inc. fell more than 4% despite beating quarterly estimates, as its first-quarter 2026 guidance disappointed investors [6] - United Airlines Holdings Inc. rose 2% after exceeding expectations [6] - Johnson & Johnson and Charles Schwab Corporation traded flat after largely meeting forecasts, while Truist Financial Corporation gained 2.8% on upbeat guidance [7] Commodity and Crypto Markets - Gold prices extended their record-breaking run, pushing above $4,850 an ounce, climbing more than 10% year to date [7] - Bitcoin fell for a seventh straight session, dropping toward $88,000, marking its worst losing streak since May 2023 [8] Major Indices Performance - The Dow Jones closed at 48,777.55, up 0.6% [9] - The S&P 500 closed at 6,831.24, up 0.5% [9] - The Nasdaq 100 closed at 25,091.90, up 0.4% [9] Top Gainers and Losers - Lucid Group, Inc. was the top gainer, rising 14.51% [11] - Moderna, Inc. and Intel Corporation also saw significant gains of 11.18% and 8.66% respectively [11] - AST SpaceMobile, Inc. was the top loser, falling 11.42% [12]

Shares of Truist Financial Corporation ( TFC ) have been a modest performer over the past year, gaining just about 3%. While the company has one of the most compelling geographic footprints across the Southeast, growth hasOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’s Discl ...

Core Viewpoint - Truist Financial Corporation (TFC) has shown modest performance over the past year, with a gain of approximately 3% [1] Group 1: Company Performance - Truist Financial has a compelling geographic footprint across the Southeast, which is a positive aspect for its growth potential [1] Group 2: Analyst Insights - The analyst has over fifteen years of experience making contrarian bets based on macro views and stock-specific turnaround stories to achieve outsized returns with a favorable risk/reward profile [1]

Financial Performance - Truist Financial reported fourth-quarter 2025 net income of $1.3 billion, or $1.00 per diluted share, and full-year 2025 net income of $5.0 billion, or $3.82 per diluted share [1] - The company aims for a 15% return on tangible common equity (ROTCE) by 2027 and targets 14% ROTCE for 2026 [2] Charges and Expenses - The fourth-quarter results included a $130 million charge, or $0.08 per share after tax, related to a settlement agreement, along with additional charges totaling $0.12 per share for the quarter and $0.18 per share for the year [3] - GAAP non-interest expense increased by 5.2% sequentially, primarily due to legal accrual and higher personnel expenses, although excluding these factors, non-interest expense declined by about 0.3% from the prior quarter [4] Business Segment Performance - Consumer and small business loans grew by 5% on average, with average deposits increasing by 1%, supported by indirect auto and specialty lending platforms [5] - Truist added 77,000 new digital clients in the fourth quarter, a 10% year-over-year increase, and reported a full-year digital production growth of 9% [6]

Financial Data and Key Metrics Changes - The company reported net income available to common shareholders of $1.3 billion, or $1 per diluted share for Q4 2025, and $5 billion, or $3.82 per diluted share for the full year 2025 [7][18] - The results included charges totaling $0.12 per share for the quarter and $0.18 per share for the year related to severance and a legal matter [7][18] - The company returned $5.2 billion of capital to shareholders in 2025, reflecting a 37% increase over 2024 [8] Business Line Data and Key Metrics Changes - Consumer and Small Business Banking (CSBB) achieved 5% growth in average loans and 1% growth in average deposits [10] - Wholesale Banking saw average loans increase by 3% in 2025, with a notable 8% increase in Q4 compared to Q4 2024 [13][14] - Investment banking and trading income declined 6% for the full year but rebounded with a 28% increase in Q4 compared to Q4 2024 [14] Market Data and Key Metrics Changes - The company experienced strong loan growth across both Wholesale and Consumer Banking, driven by new client acquisition [8][10] - Average deposits were stable, with a decline in higher-cost broker deposits offset by growth in lower-cost client deposits [21] - The net interest margin increased by 6 basis points to 3.07% in Q4 2025 [22] Company Strategy and Development Direction - The company plans to open 100 new branches in high-growth markets and enhance over 300 existing locations [5] - Strategic priorities include accelerating revenue growth, maintaining expense discipline, and returning capital to shareholders [9] - The company aims for a 15% return on tangible common equity by 2027, with expectations of doubling revenue growth in 2026 [31][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's direction, citing strong client engagement and revenue growth [31] - The company anticipates a challenging economic environment but remains focused on executing its growth strategy [4][31] - Management highlighted the importance of investments in technology and talent to support future growth [5][31] Other Important Information - The company made changes to its reporting structure to better reflect business management and provide clearer insights into fee income-generating initiatives [16] - The CET1 capital ratio declined to 10.8%, while the CET1 ratio including AOCI increased to 9.5% [19] Q&A Session Summary Question: Can you elaborate on loan growth expectations? - Management indicated that while loan growth was strong at 8% year-over-year, guidance for 2026 is 3%-4%, focusing on high-quality, consistent growth [39][42] Question: What are the expectations for net interest margin? - Management expects net interest margin to exceed 3.03% in 2026, with potential expansion throughout the year [43][46] Question: Can you discuss the components supporting the 15% ROTCE target? - Management emphasized maintaining capital levels while improving returns through growth in payments, middle market expansion, and wealth production [51][54] Question: What is the outlook for capital markets and fee revenue growth? - Management expressed optimism about capital markets, citing strong momentum and a robust pipeline for investment banking and trading [62][64] Question: How will deposit growth be affected by the shift towards wholesale lending? - Management noted that deposit growth is expected to remain strong, supported by new client acquisitions and deeper relationships with existing clients [76][80]

Truist Financial (NYSE:TFC) Q4 2025 Earnings call January 21, 2026 08:00 AM ET Company ParticipantsBrad Milsaps - Head of Investor RelationsMatt O'Connor - Managing DirectorBill Rogers - Chairman and CEOGerard Cassidy - Managing DirectorKen Usdin - Managing DirectorBetsy Graseck - Managing DirectorChristopher McGratty - Managing DirectorEbrahim Poonawala - Managing DirectorJohn Pancari - Senior Managing DirectorRyan Nash - Managing DirectorSaul Martinez - Head of US Financials ResearchMichael Maguire - Chie ...