Truist Q2 GAAP EPS $0.92; CET1 rises to 9.6%; NII down 6.1% QoQ; record insurance income

TRUIST FINANCIAL CORP

2023-Q2 EPS reported $1.98

Net income $1.2B ($0.92 diluted EPS); includes $41M after-tax merger-related charges.
CET1 ratio 9.6%, up 50bps from 1Q23, aided by TIH minority stake sale (+31bps).
Net interest income (TE) $3.68B, down 6.1% QoQ on higher funding costs; NIM 2.91% (-26bps).
Record insurance income $935M, up 15% QoQ and 13% YoY; total noninterest income $2.29B.
Net charge-off ratio 0.54% (incl 12bps from student loan sale); ALLL ratio 1.43% (+6bps).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TRUIST FINANCIAL CORP reported second quarter 2023 results: net income $1.2 billion, EPS $0.92 per share.

Period: second quarter 2023
Net income: $1.2 billion
EPS: $0.92 per share
Result: reported results

Exact text from the filing

Truist reports second quarter 2023 results GAAP earnings of $1.2 billion, or $0.92 per share

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

TRUIST FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0000092230-23-000064

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