secwatch.observer — SEC 8-K summary
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Issuer:     TRUIST FINANCIAL CORP (TFC)
CIK:        0000092230
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0000092230-23-000042
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92230/000009223023000042/0000092230-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92230/000009223023000042/tfc-20230420.htm
  HTML page:      https://secwatch.observer/filing/0000092230-23-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer