Truist Financial Corporation (TFC) Q1 Earnings Surpass Estimates

Core Viewpoint - Truist Financial Corporation reported quarterly earnings of $0.87 per share, exceeding the Zacks Consensus Estimate of$ 0.86 per share, but down from $0.90 per share a year ago, indicating a slight decline in year-over-year performance [1][2] Financial Performance - The company posted revenues of$ 4.9 billion for the quarter ended March 2025, which missed the Zacks Consensus Estimate by 0.50%, but showed an increase from $4.82 billion in the same quarter last year [2] - Over the last four quarters, Truist Financial has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance - Truist Financial shares have declined approximately 17% since the beginning of the year, compared to a decline of 10.3% for the S&P 500 [3] - The current Zacks Rank for Truist Financial is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.96 on revenues of $5.06 billion, and for the current fiscal year, it is$ 3.94 on revenues of $20.46 billion [7] - The trend of estimate revisions for Truist Financial is mixed, which could change following the recent earnings report [6] Industry Context - The Banks - Major Regional industry, to which Truist Financial belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]