Revenue segments as reported by the company.

Net Interest Income

Noninterest Income

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Provision for credit losses

Noninterest Expense

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Truist Financial

Truist Financial Corp. is a financial holding company, which engages in the provision of banking services to individuals, businesses, and municipalities. It operates through the following segments: Consumer Banking and Wealth, Corporate and Commercial Banking, Insurance Holdings, and Other, Treasury & Corporate. The Consumer Banking and Wealth segment consists of Retail Community Banking, National Consumer Finance, Services, Payments, Wealth Management and Banking Products and Professional Services and Mortgage Banking. The Corporate and Commercial Banking segment consists of Corporate and Investment Banking, Commercial Community Banking and Commercial Real Estate. The Insurance Holdings segment provides property and casualty, employee benefits and life insurance to businesses and individuals and also provides small business and corporate services, such as workers compensation and professional liability, as well as surety coverage and title insurance. It offers a variety of loans and lease financing to individuals and entities, including insurance premium financing, permanent commercial real estate financing arrangements, loan servicing for third-party investors, direct consumer finance loans to individuals, credit card lending, automobile financing, and equipment financing. It also markets a range of other services, including deposits, life insurance, property, and casualty insurance. The company was founded on December 6, 2019, and is headquartered in Charlotte, NC.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Truist Financial reports strong Q4 earnings and optimistic 2023 guidance

Truist Financial's Q4 2022 performance was strong, marked by earnings growth, robust net interest income, and achievement of key milestones. The company provided optimistic guidance for 2023 despite economic uncertainties.
While facing challenges in managing expenses and potential economic impacts, Truist remains focused on leveraging opportunities in revenue synergies, digital enhancements, and strategic growth areas.
Overall, Truist's emphasis on financial strength, digital innovation, and strategic priorities positions them well for future growth and value creation, supported by a strong capital position and commitment to sustainable development.

Truist Financial posts robust Q1 earnings, eyes growth opportunities

Truist Financial reported strong Q1 2023 earnings with notable growth in adjusted PPNR and a focus on digital investments. Despite challenges from funding costs and NIM decrease, the company remains committed to core strengths and through-the-cycle lending. Opportunities for growth and efficiency enhancements through brand consolidation and capital build mode are key focus areas.

Truist Financial reports Q2 earnings decline, focuses on efficiency

Truist Financial navigated challenges of decreased EPS with a focus on managing costs and enhancing digital engagement. The company showcased strong capital position and active credit portfolio management.
While facing revenue decline and increased expenses, Truist is optimistic about post-integration potential and aims for continuous efficiency improvements. The company remains vigilant about economic conditions and is prepared to address credit challenges.
With a strategic focus on operational efficiency and structural changes, Truist aims to achieve top quartile efficiency ratio and organic growth in CET1 ratio. Pricing flexibility and continuous improvement efforts present opportunities for the company's growth.

Truist Financial meets Q3 earnings, focuses on efficiency and digital growth

Truist Financial's Q3 performance showcased resilience in meeting earnings guidance amidst challenges.
Efforts to reduce expenses and optimize the balance sheet position the company for improved profitability.
Anticipated pressures on NIM and revenue present challenges, but cost-saving initiatives and digital growth offer opportunities.
Maintaining strong asset quality metrics and focusing on client relationships are key strengths for Truist Financial.

Truist Financial reports solid Q4 earnings, focuses on efficiency

Truist Financial's Q4 2023 performance showcased solid adjusted net income, improved asset quality metrics, and strategic guidance for 2024 amidst challenges in core efficiency and revenue generation.
The company's strengths lie in its commitment to community impact, efficiency improvement initiatives, diversified revenue streams in investment banking, and focus on profitability optimization.
Challenges include operational efficiency targets, revenue generation pressures, declining net interest income, and strategic decisions regarding the insurance business.
Opportunities for Truist include expanding community impact initiatives, realizing cost savings through efficiency improvements, managing credit quality, and driving sustainable growth through capital optimization.

Truist Financial reports solid Q1 earnings amidst revenue challenges

Truist Financial's Q1 performance was driven by strong investment banking revenue and digital growth, despite revenue challenges ahead.
The company's strengths lie in its capital position, purpose-driven initiatives, and confidence in core banking and investment performance.
While facing revenue declines and NII challenges, Truist sees opportunities in capital deployment, NII improvement, and purpose-driven growth.

Truist Financial posts strong Q3 earnings, eyes digital growth

Truist Financial delivered solid financial performance in Q3 2024, driven by revenue growth and disciplined expense management.
While facing revenue challenges in the near term, Truist's strong capital position and digital focus position it well for future opportunities.
The company's commitment to community support, innovation, and financial stability underpins its resilience and growth potential.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Zions Bancorp

Regional bank stocks largely rallied early Thursday as quarterly results roll in. Zions beat forecasts, Truist delivered a rare sector miss.

Bank Stocks: Regional Banks Mixed As Reports Roll In; Truist Delivers Rare Sector Miss

Truist Financial: Risky High-Yielder

Investors should not put Truist in the same boat as other regional banks that collapsed this year. Investors are disappointed that the company hasn't achieved cost-savings and profit goals after the merger of BB&T and SunTrust.

Truist Financial: A New Bank for a New Era

KeyCorp

Not every banking name is coming out of Q1's liquidity worry and the headwind of higher interest rates as cleanly as its competitors. A handful of regional banks, in fact, have done very well at keeping current and future loan losses in check.

Why Regional Bank Stocks KeyCorp and Zions Rallied After Earnings Today, but Truist Tumbled

Truist Financial Corporation (NYSE:TFC ) Q2 2023 Earnings Conference Call July 20, 2023 8:00 AM ET Company Participants Brad Milsaps - Head of Investor Relations Bill Rogers - Chairman and Chief Executive Officer Mike Maguire - Chief Financial Officer Clarke Starnes - Vice Chair and Chief Risk Officer Conference Call Participants Ken Usdin - Jefferies Ebrahim Poonawala - Bank of America Erika Najarian - UBS Betsy Graseck - Morgan Stanley Mike Mayo - Wells Fargo Securities John McDonald - Autonomous Research John Pancari - Evercore ISI Gerard Cassidy - RBC Matthew O'Connor - Deutsche Bank Operator Greetings, ladies and gentlemen, and welcome to the Truist Financial Corporation's Second Quarter Earnings Call. Currently, all participants are in a listen-only mode.

Truist Financial Corporation (TFC) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Truist Financial Corporation (TFC) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Truist Financial Corporation (TFC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

A jump in provisions, increase in funding costs and higher expenses hurt Truist's (TFC) Q2 earnings, despite revenue growth.

Truist (TFC) Q2 Earnings Miss Estimates as Provisions Surge

Truist Financial Corporation (TFC) came out with quarterly earnings of $0.95 per share, missing the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $1.20 per share a year ago.

Truist Financial Corporation (TFC) Q2 Earnings and Revenues Lag Estimates

CHARLOTTE, N.C. , July 20, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) reported its second quarter 2023 results today.

Truist reports second quarter 2023 results

Truist Financial (TFC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Truist Financial (TFC)

ConocoPhillips

EOG Resources

Realty Income Corp

Philip Morris

Prudential Financial

Simon Property Group

U.S. Bancorp

AT&T's plump dividend used to be like money in the bank. But now investors seeking income and safety might look elsewhere.

Nine 'Safer Than AT&T' Stocks Pay The Plumpest, Lead-Free Dividends

CHARLOTTE, N.C. , July 17, 2023 /PRNewswire/ -- Truist Bank (NYSE: TFC) today announced it will redeem all $500,000,000 principal amount outstanding of its 3.689% fixed-to-floating rate senior bank notes due Aug. 2, 2024 (CUSIP 86787EAY3) on the redemption date of Aug. 2, 2023.

Truist Bank announces redemption of senior bank notes due August 2024

Support from fee income, especially insurance income, is likely to have driven Truist's (TFC) Q2 earnings, while higher funding costs and waning loan demand are expected to have hurt NII.

Fee Income to Aid Truist's (TFC) Q2 Earnings, Lower NII to Ail

Ally Financial

Bank of America

Regions Financial

The second-quarter earnings reporting season got off to a solid start on Friday, as Citigroup, JPMorgan, Wells Fargo and BlackRock all came in with results featuring better-than-expected revenues.

Top Financials Blew Out Q2 Earnings Last Friday: 6 Banks That Pay Huge Dividends May Do the Same This Week

Tractor Supply

This rural lifestyle retailer is expected to grow same-store sales meaningfully this year even as the consumer is pressured. One analyst thinks the stock could soar to $275.

1 Top Dividend Stock to Buy and Hold for Decades

PNC Financial Services

The stock market will likely fall 25-30% due to an almost certain recession next year. But there are ways to profit from this recession and the coming zombie bank apocalypse. Strong banks, such as PNC and Truist, are the most likely to buy out failed banks for pennies on the dollar, potentially boosting their earnings as much as 45% overnight.

5+% Yielding No-Brainer Blue-Chips That Could Triple

Citigroup

FS KKR Capital Corp

JPMorgan Equity Premium Income ETF

Kinder Morgan

Altria

Verizon

The Dividend Harvesting Portfolio has performed well, generating a continuous stream of dividend income and maintaining a balance above its invested capital. The portfolio includes 87 positions across equities, ETFs, REITs, CEFs, and BDCs, with a focus on generating weekly income and mitigating downside risk. The author plans to continue adding to current positions and introducing new investments, with a goal of generating $1,300 in projected annual dividends and over $100 per month in dividend income by the end of 2023.

Dividend Harvesting Portfolio Week 123: $12,300 Allocated, $1053.16 In Projected Dividends

Truist has billions in unrealized bond losses. Banks face a tougher outlook in terms of earnings and regulation.

Why Shares of Truist Fell Nearly 30% in the First Half of 2023

CVS Health

Viatris

Viatris is a generic drugmaker formed from a merger between Pfizer's generic drug division and Mylan. CVS Health is famous for its pharmacy chain, but it's the parts of its business you might not know about that make it a great dividend stock.

3 Beaten-Down Dividend Stocks That Look Like Bargains Right Now

Ares Management

Cadence Bank

Citizens Financial Group

Comerica

Capital One

First Citizens BancShares

First Horizon National

Fifth Third Bancorp

F.N.B. Corp.

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

PacWest Bancorp

Pinnacle Financial Partners

Charles Schwab

Synovus Financial

South State

Earnings season for the largest U.S. banks will begin on Friday, July 14, when JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. announce their second-quarter results. Rounding out the “big six” industry group, Bank of America Corp., Goldman Sachs Group Inc. and Morgan Stanley are all scheduled to report on July 18.

These 20 banks have had the largest cuts to earnings estimates

Rise in net interest income, efforts to strengthen fee income and strategic business restructuring initiatives bode well for Truist (TFC). However, rising operating expenses and deteriorating asset quality are major headwinds.

Truist's (TFC) Rates & Loan Demand Aid, Asset Quality Ails

Large banks, including JPM, C and MS, to lift dividends after sailing through the 2023 stress test. BAC didn't provide any updates.

Large Banks to Boost Dividends After Clearing Stress Test

Best Buy

Blackrock Inc

Paychex

Pioneer Natural Resources

State Street

Texas Instruments

Unilever

Despite rising interest rates and stubborn inflation, equities have shown resilience in 2023 with the SPDR S&P Trust ETF adding 6.48% in June and up 16.80% year-to-date. My top 10 list of high dividend yield stocks has generated an annualized rate of return of 13.19% since its inception in November 2020. The list from June posted a solid gain of 5.63%, beating VYM but not SPY.

My Top 10 High Yield Dividend Stocks For July 2023

Bank of Montreal

M&T Bank

Stress testing is an exercise conducted by regulators to ensure the safety and soundness of the banking system. But it is also important for investors because it helps determine bank capital requirements.

Which Super-Regional Bank Performed the Best in the Fed's Stress Test?

Truist and U.S. Bancorp were among the weaker banks according to the 2023 Federal Reserve's stress test results, at least at first glance. The article discusses the parameters of the most severe scenario, evaluates the test results for Truist and U.S. Bancorp, and touches on the results for other banks (e.g., Deutsche, Capital One). I explain why the "severely adverse scenario" deserves its name and why investors should not dismiss the results as meaningless just because they do not include a nationwide bank run.

Truist Financial And U.S. Bancorp: Cause For Concern After The Stress Test?

News for Truist Financial Stock (TFC)