secwatch.observer — SEC 8-K summary
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Issuer:     TRUIST FINANCIAL CORP (TFC)
CIK:        0000092230
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0000092230-24-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92230/000009223024000016/0000092230-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92230/000009223024000016/tfc-20240422.htm
  HTML page:      https://secwatch.observer/filing/0000092230-24-000016

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