---
schema_version: "secwatch.filing_event.v1"
accession: "0000092230-23-000077"
form_type: "8-K"
ticker: "TFC"
cik: "0000092230"
company_name: "TRUIST FINANCIAL CORP"
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T21:34:15.010097+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000092230-23-000077
- form_type: 8-K
- ticker: TFC
- cik: 0000092230
- company_name: TRUIST FINANCIAL CORP
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92230/000009223023000077/0000092230-23-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92230/000009223023000077/tfc-20231019.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000092230-23-000077
- JSON: https://secwatch.observer/filing/0000092230-23-000077.json
- Plain text: https://secwatch.observer/filing/0000092230-23-000077.txt

## Key facts
- Earnings Releases
  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
  source text: Truist reports third quarter 2023 results GAAP earnings of $1.1 billion, or $0.80 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/92230/000009223023000077/0000092230-23-000077-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.