Truist Q3 GAAP EPS $0.80, NIM up 4bps to 2.95%, CET1 rises to 9.9%

TRUIST FINANCIAL CORP

2023-Q3 EPS reported $2.77

GAAP net income $1.07B ($0.80 diluted EPS); adjusted PPNR $2.19B down 9.4% QoQ.
Net interest margin improved 4bps to 2.95% due to balance sheet optimization; NII down 1.6% QoQ.
Noninterest expense flat QoQ at $3.75B; adjusted expense down 0.5%, includes $70M in deposit fee protocol revision and legal settlements.
CET1 ratio increased 29bps to 9.9%; average deposits stable at $401B; loan book down 2.5% (student loan sale).
Provision for credit losses $497M, down $41M QoQ; NCO ratio 0.51% down 3bps; ALLL ratio up 6bps to 1.49%.

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 third quarter 2023 results: net income $1.1 billion, EPS $0.80 per share.

Period: third quarter 2023
Net income: $1.1 billion
EPS: $0.80 per share
Result: reported results

Exact text from the filing

Truist reports third quarter 2023 results GAAP earnings of $1.1 billion, or $0.80 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 0000092230-23-000077

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