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.
Evaluate the expected performance of Truist Financial (TFC) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Truist Financial (TFC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Truist Financial (TFC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Truist Financial Corporation (NYSE:TFC ) Goldman Sachs US Financial Services Conference Call December 10, 2024 10:40 AM ET Company Participants William Rogers - Chairman and Chief Executive Officer Conference Call Participants Ryan Nash - Goldman Sachs Ryan Nash All right. Great. Up next, we're excited to have Truist joining us once again.
Truist Financial Corporation (NYSE:TFC ) BancAnalysts Association of Boston Conference Call November 7, 2024 8:55 AM ET Company Participants Donta Wilson - Head, Consumer and Small Business Banking Conference Call Participants Terence McEvoy - Stephens Inc. Mike Mayo - Wells Fargo Terence McEvoy Good morning, everyone. Next up, we have Truist Financial Corporation.
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