TFC Stock Recent News

WINSTON-SALEM, N.C. , Jan. 21, 2025 /PRNewswire/ -- Sheffield Financial, a division of Truist Bank and a leader in fast, flexible retail financing, is excited to announce a new national partnership with Scarab, a premier manufacturer of high-performance jet-powered boats.

Truist Financial's Q4 earnings exceeded expectations, driven by higher investment banking fees and improved credit trends, with credit provisions down $100M year-over-year. Despite strong Q4 performance, the bank's net interest income is set to decline in a lower-rate world. Truist Financial especially benefited from growth in investment banking and trading-related fees in the fourth quarter.

Truist Financial Corporation (NYSE:TFC ) Q4 2024 Earnings Conference Call January 17, 2025 8:00 AM ET Company Participants Brad Milsaps - IR Bill Rogers - Chairman and CEO Mike Maguire - CFO Conference Call Participants Scott Siefers - Piper Sandler Ebrahim Poonawala - Bank of America Matt O'Connor - Deutsche Bank Erika Najarian - UBS Betsy Graseck - Morgan Stanley John Pancari - Evercore Saul Martinez - HSBC Mike Mayo - Wells Fargo Gerard Cassidy - RBC Operator Greetings, ladies and gentlemen, and welcome to the Truist Financial Corporation Fourth Quarter 2024 Earnings Conference Call. Currently, all participants are in a listen-only mode.

TFC's fourth-quarter 2024 results top estimates on higher NII and non-interest income alongside lower provisions. Yet, higher adjusted expenses remain woes.

Truist Financial's fourth-quarter and full-year 2024 earnings results, reported Friday (Jan. 17), provide a snapshot of a company seeking to grapple with digital disruption and evolving consumer expectations in modern banking. “2024 was an important year for Truist,” Truist Chairman and CEO Bill Rogers told investors on Friday's earnings call.

Truist Financial Corporation released its fourth quarter and full year 2024 earnings today. Unlike its larger competitor U.S. Bancorp, Truist beat earnings estimates. However, there are other reasons for the post-earnings pop in TFC's share price, which I highlight in this earnings analysis.

The headline numbers for Truist Financial (TFC) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Truist Financial (TFC -0.90%), the sixth largest U.S. commercial bank, reported fourth-quarter earnings on Friday, Jan. 17, that topped analyst consensus expectations. Adjusted diluted EPS of $0.91 came in ahead of the $0.88 expected while revenue climbed to $5.11 billion, above the anticipated $5.04 billion.

Truist Financial Corporation (TFC) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.81 per share a year ago.

CHARLOTTE, N.C. , Jan. 17, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) reported its fourth quarter 2024 results today.