Truist Q2 earnings top consensus after insurance sale, balance

Q2 adjusted EPS of $0.91, topping the consensus estimate of $0.83, compared with $0.90 in Q1 and $0.92 in last year's Q2. Still, Truist ( TFC ) stock fell 1.7% in Monday premarket trading.

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Truist Q2 Earnings Top Consensus After Insurance Sale, Balance

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Q2 adjusted EPS of $0.91, topping the consensus estimate of $0.83, compared with $0.90 in Q1 and $0.92 in last year's Q2. Still, Truist ( TFC ) stock fell 1.7% in Monday premarket trading.

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Truist Reports Second Quarter 2024 Results

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Truist reports second quarter 2024 results Net income available to common shareholders of $826 million, or $0.62 per share, or $1.2 billion, or $0.91 per share on an adjusted basis(1) CET1 …

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Truist Repositions Balance Sheet After Insurance Sale, Adjusts …

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May 7, 2024 · Truist estimated that the proceeds from the sale of TIH and the balance sheet repositioning will add $160M to net interest income in Q2 2024 and $710M (including the Q2 …

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Truist's Sale Of Insurance Business Accelerates Balance-Sheet ...

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May 29, 2024 · The bank had a pro forma common equity Tier 1 ratio under fully phased-in Basel III capital rules of 8.9%, which includes the estimated effect of the 2024 sale of Truist …

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Truist Financial (TFC) Q2 Earnings & Revenues Beat Estimates

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Jul 15, 2021 · Truist Financial’s TFC second-quarter 2021 adjusted earnings of $1.55 per share easily surpassed the Zacks Consensus Estimate of $1.17. The bottom line jumped 89% from …

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Truist Completes Sale Of Truist Insurance Holdings And Executes ...

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May 7, 2024 · At closing, Truist received after-tax cash proceeds of approximately $10.1 billion.The transaction resulted in an approximate after-tax gain of $4.7 billion and increased …

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Truist Shares Rise After Quarterly Earnings Report

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Jul 22, 2024 · Truist Financial shares moved higher Monday despite reporting lower profit in the second quarter. The Charlotte-based bank reported profit of $826 million, or 62 cents a share, compared with $1.23 billion, or 92 cents, a year earlier. The company benefited from a $6.9 billion gain from the sale of its Truist Insurance brokerage business, while it reported $6.7 billion in …

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Truist Earnings: New Medium-Term Mid-Teens Return Target, …

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Oct 17, 2024 · Truist maintained its 11.6% common equity Tier 1 ratio this quarter as strong earnings offset $1.2 billion in common dividends and $500 million in share buybacks.

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Truist Financial Earnings Preview: What To Expect - Nasdaq

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Oct 3, 2024 · In Q2, the company reported an EPS of $0.91, which surpassed the consensus estimates by 8.3%. For fiscal 2024, analysts expect TFC to report an EPS of $3.55, down …

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FAQs about Truist Q2 earnings top consensus after insurance sale, balance Coupon?

How did Truist Financial perform in Q2?

T ruist Financial ( NYSE: TFC) turned in Q2 earnings that beat the average analyst estimate in a quarter when the company sold its insurance business, repositioned its balance sheet, and announced a $5B stock buyback plan. The bank reaffirmed its full-year 2024 outlook for adjusted revenue (taxable equivalent) of down 0.5%-1%. ...

What time is Truist Financial's second quarter 2024 earnings call?

CHARLOTTE, N.C., July 22, 2024 / PRNewswire / -- Truist Financial Corporation (NYSE: TFC) reported its second quarter 2024 results today. Investors can access the live second quarter 2024 earnings call at 8 a.m. ET today by webcast or dial-in as follows: ...

How much did Truist Financial lose in Q2 2024?

After completing its sale of Truist Insurance Holdings, which generated an after-tax gain of $4.7B, Truist Financial ( NYSE: TFC) sold $27.7B of lower-yielding investment securities from its available-for-sale investment securities portfolio, resulting in an after-tax loss of $5.1B in Q2 2024, the company said on Tuesday. ...

Will fee income support Truist's Q2 earnings?

Today, you can download 7 Best Stocks for the Next 30 Days. A rise in fee income, driven by solid IB and wealth management businesses, is likely to have supported Truist's (TFC) Q2 earnings amid weakness in NII and elevated provisions. ...

What does Truist (TFC) expect from Q3 2024?

It expects 2024 adjusted expenses to be flat and a net charge-off ratio of ~65 basis points. For Q3 2024, Truist ( TFC) expects adjusted revenue ("TE") to increase 1%-2% from Q2's $5.02B, implying adjusted revenue of $5.07B-$5.12B. That compares with the average analyst estimate of $5.08B. ...

How did the sale of Truist Insurance Holdings affect CET1?

The sale of Truist Insurance Holdings had a $9.4 billion impact on CET1, comprised of a $4.7 billion after-tax gain and a $4.6 billion benefit from the deconsolidation of TIH's intangibles net of deferred tax liabilities. Numbers may not add due to rounding. CET1 impact is greater under fully phased-in Basel III rules primarily due to a reduction in threshold deductions. ...