CHARLOTTE, N.C., July 23, 2024 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.52 per common share, payable on September 3, 2024, to shareholders of record at the close of business on August 9, 2024. Notes: (1)In the table, dividends per share and dividends per depositary share for Series I, Series J, and Series L are rounded to the hundredthousandths position for the convenience of the reader. (2)In accordance with the Amen ...

Truist Financial Corporation TFC posted better-than-expected quarterly earnings on Monday. Truist Finl reported quarterly earnings of 91 cents per share which beat the analyst consensus estimate of 82 cents per share. The company reported quarterly sales of $5.018 billion which beat the analyst consensus estimate of $4.805 billion. This is a 15.21% decrease over sales of $5.918 billion the same period last year, according to data from Benzinga Pro. Truist Financial shares closed at $43.78 on Monday. These a ...

Key Takeaways Truist Financial (TFC) on Monday posted second-quarter profit that fell by a third from last year, but its stock rose as adjusted earnings per share (EPS) beat analysts' expectations. The net income drop is partially attributable to the sale of a securities portfolio that resulted in $5.1 billion in after-tax losses, along with an after-tax donation of $115 million to the Truist Foundation. However, adjusted EPS came in at $0.91, topping analysts' expectation of $0.85. "While loan demand does ...

Truist Financial Corporation (NYSE:TFC) Q2 2024 Earnings Conference Call July 22, 2024 8:00 PM ET Company Participants Brad Milsaps - Investor Relations William Rogers - Chairman and Chief Executive Officer Mike Maguire - Chief Financial Officer Clarke Starnes - Vice Chair and Chief Risk Officer Conference Call Participants Ryan Nash - Goldman Sachs Ken Usdin - Jefferies Scott Siefers - Piper Sandler Erika Najarian - UBS Betsy Graseck - Morgan Stanley John Pancari - Evercore ISI Mike Mayo - Wells Fargo Secu ...

For the quarter ended June 2024, Truist Financial Corporation (TFC) reported revenue of $4.97 billion, down 16.1% over the same period last year. EPS came in at $0.91, compared to $0.95 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $4.87 billion, representing a surprise of +1.89%. The company delivered an EPS surprise of +8.33%, with the consensus EPS estimate being $0.84. While investors scrutinize revenue and earnings changes year-over-year and how they compare ...

Adjusted Revenues Down, Adjusted Expenses Fall Non-interest expenses were $3.09 billion, up 1.6%. Excluding certain non-recurring items, adjusted non-interest expenses declined 3% to $2.81 billion. The decline was mainly attributable to lower personnel expenses. Our estimate for adjusted non-interest expenses was $2.85 billion. Provision for credit losses was $451 million in the second quarter, down 16.2% from the prior-year quarter. Our estimate for provisions was $525.5 million. Major Developments In aggr ...

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 not relate strictly to historical or current facts. Forward-looking statements often use words such as "believe," "expect," "anticipate," "intend," "pursue," "seek," "continue," "estimate," "project," "outlook," "forecast," "potential," "target," "objective," "trend," "plan," "goal," "in ...

This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this company would post earnings of $0.78 per share when it actually produced earnings of $0.90, delivering a surprise of 15.38%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Truist Financial has underperformed the market so far this year, the question ...

Quarterly Performance Summary Truist Financial Corporation Second Quarter 2024 TableofContents QuarterlyPerformanceSummary TruistFinancial Corporation | --- | --- | |------------------------------------------------------------|-------| | | Page | | Financial Highlights | 1 | | ConsolidatedStatementsof Income | 2 | | ConsolidatedEndingBalanceSheets | 3 | | AverageBalancesandRates-Quarters | 4 | | AverageBalancesandRates-Year-To-Date | 5 | | CreditQuality | 6 | | SegmentFinancial Performance | 9 | | Capital I ...

CHARLOTTE, N.C., July 22, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) reported its second quarter 2024 results today. Investors can access the live second quarter 2024 earnings call at 8 a.m. ET today by webcast or dial-in as follows: The earnings release, investor presentation, including an appendix reconciling non-GAAP disclosures, and Truist's Second Quarter 2024 Quarterly Performance Summary, which contains detailed financial schedules, are available at Truist's Investor Relations webs ...