Truist Q2 net income $826M ($0.62 EPS); adjusted EPS $0.91; announces $5B buyback; CET1 11.6%

TRUIST FINANCIAL CORP

2024-Q2 EPS reported $1.43

Net income available to common shareholders of $826M ($0.62 diluted EPS). Adjusted net income $1.24B ($0.91 adjusted EPS).
CET1 ratio rose to 11.6% from 10.1% due to sale of TIH; board authorized up to $5B in share repurchases through 2026.
Net interest margin expanded 14 bps to 3.03%; net interest income up 4.5% QoQ to $3.58B.
Noninterest income impacted by $6.7B securities losses from balance sheet repositioning; adjusted revenues up 3%.
Average loans down 0.7%, deposits down 0.3%; NCO ratio 58 bps, stable asset quality.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.