secwatch.observer — SEC 8-K summary
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Issuer:     TRUIST FINANCIAL CORP (TFC)
CIK:        0000092230
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0000092230-24-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Truist posts Q4 GAAP loss of $5.2B on $6.1B goodwill impairment; adjusted EPS $0.81
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- GAAP net loss of $5.2B ($3.85/share) includes $6.1B non-cash goodwill impairment, $507M FDIC special assessment.
- Adjusted net income of $1.1B ($0.81/share), up from $1.07B in Q3; adjusted PPNR up 8.6% to $2.4B.
- CET1 ratio improved 20 bps to 10.1% from organic capital generation and RWA optimization.
- Average loans and deposits declined 1.7% and 1.4% sequentially; NIM up 3 bps to 2.98%.
- Asset quality: NPA down 6%, ALLL ratio up 5 bps to 1.54%, NCO ratio 57 bps (up 6 bps).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92230/000009223024000003/0000092230-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92230/000009223024000003/tfc-20240118.htm
  HTML page:      https://secwatch.observer/filing/0000092230-24-000003

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