Truist Q1 adjusted EPS $0.90, up 11% QoQ; revenue declines 1.4%

TRUIST FINANCIAL CORP

2024-Q1 EPS reported $0.81

Net income $1.2B ($0.81 diluted EPS); adjusted EPS $0.90, up 11% from $0.81 in Q4.
Revenue $4.87B (TE), down 1.4% QoQ; NII down 4.2%, NIM 2.89%.
Noninterest expense down to $2.95B from $9.56B; adjusted expense up 0.7%.
CET1 ratio 10.1% flat; TIH sale on track for Q2 close.
NCO ratio 64bps vs 57bps prior; ALLL 1.56% vs 1.54%.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TRUIST FINANCIAL CORP reported first quarter 2024 results: revenue 4.87 billion, net income $1.1 billion, EPS $0.81 per diluted share.

Period: first quarter 2024
Revenue: 4.87 billion
Net income: $1.1 billion
EPS: $0.81 per diluted share
Result: reported results

Exact text from the filing

Truist reports first quarter 2024 results Net income of $1.1 billion, or $0.81 per share

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Source: SEC EDGAR

accession 0000092230-24-000016

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