earnings
confidence high
sentiment positive
materiality 0.75
Truist Q4 2022 GAAP EPS $1.20, adjusted $1.30; net interest margin expands to 3.25%
TRUIST FINANCIAL CORP
2022-FY EPS reported
$4.43
- Net income available to common shareholders $1.6B, up 5.6% YoY; diluted EPS $1.20.
- Adjusted PPNR of $2.5B, up 12% QoQ and 34% YoY; adjusted operating leverage 3.7%.
- Average loans $320.7B, up 3.6% QoQ driven by commercial growth; BankDirect acquisition added $2.1B.
- Provision for credit losses $467M vs $234M prior quarter; net charge-off ratio 0.34%.
- CET1 ratio 9.0%; dividend $0.52 per share; no share repurchases in Q4.