Truist Financial's Q1 Earnings Beat Estimates on Higher NII, Stock Up

Shares of Truist Financial (TFC) rose 1.6% in the pre-market trading session on better-than-expected earnings. The company’s first-quarter 2025 adjusted earnings of 87 cents per share beat the Zacks Consensus Estimate by a penny. However, the figure declined 3.3% year over year.Results benefited from higher net interest income (NII). Further, lower provisions and higher average deposit and loan balances acted as tailwinds. On the other hand, lower non-interest income and higher adjusted non-interest expense ...