Truist Q1 GAAP EPS $1.05, revenue $6.15B; adjusted PPNR up 19% YoY

TRUIST FINANCIAL CORP

2023-Q1 EPS reported $1.05

Net income of $1.4B ($1.05 diluted EPS) includes $0.04 of merger-related charges.
Net interest income (TE) $3.92B, NIM 3.17%, down 8 bps QoQ; up 41 bps YoY.
Average loans +1.7% QoQ to $326B; average deposits -1.2% to $408.5B.
CET1 ratio 9.1% (preliminary); TIH minority sale closed April 3 adds ~30 bps.
NCO ratio 0.37%, ALLL ratio 1.37%; nonperforming assets stable at $1.26B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TRUIST FINANCIAL CORP reported first quarter 2023 results: revenue Total revenue - TE $ 6.15, net income $1.4 billion, EPS $1.05 per share.

Period: first quarter 2023
Revenue: Total revenue - TE $ 6.15
Net income: $1.4 billion
EPS: $1.05 per share
Result: reported results

Exact text from the filing

in billions, except per share data) 1Q23 4Q22 1Q22 Summary Income Statement Net interest income - TE $ 3.92 $ 4.03 $ 3.21 Noninterest income 2.23 2.23 2.14 Total revenue - TE 6.15 6.26 5.35 Noninterest expense 3.69 3.72 3.67 Net income available to common shareholders 1.41 1.61 1.33 PPNR - unadjusted (1) 2.46 2.54 1.68 PPNR - adjusted (1) 2.66 2.87 2.23 Per

View on SEC.gov

59 earnings releases filed in the last 30 days. Browse all earnings releases →

TRUIST FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0000092230-23-000042

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.