Truist(US:TFC)2025-04-17 12:21Financial Performance - Net income available to common shareholders was $1.2 billion, resulting in a diluted EPS of $0.87[20, 41] - The efficiency ratio was 59.3%, and the adjusted efficiency ratio was 56.4%[20] - The CET1 ratio was 11.3%[20] - Adjusted revenue was $4.948 billion, a decrease of 3.2% compared to 4Q24 but an increase of 1.6% compared to 1Q24[37] - Adjusted noninterest expense was $2.868 billion, a decrease of 5.4% compared to 4Q24 and an increase of 1.5% compared to 1Q24[37] Loan and Deposit Growth - Average loans increased by 1.1% linked-quarter[20, 42] - Average deposits increased by 0.6% linked-quarter[20] - Consumer loan production increased by $3.7 billion, or 47% year-over-year[26] - Average wholesale loans increased by $2.3 billion, or 1.3% linked quarter[26] Digital Client Engagement - Digital share of new-to-bank clients reached 40%, an increase of 700 bps[28] - Mobile app users increased to 5.2 million, a 6% increase[29, 31] - Digital transactions increased by 10% and Zelle transactions increased by 24%[29] Capital Allocation - The company repurchased $500 million of common stock and is targeting up to $750 million in 2Q25[21]