Truist Financial reports Q1 EPS 87c, consensus 86c

Reports Q1 revenue $4.95B, consensus $4.94B. Reports Q1 CET1 capital ratio 11.3%. The company said, “We delivered solid first quarter results as we remain focused on executing on our strategy amidst market volatility. We continue to utilize our robust capital position to support the growth needs of our clients, while maintaining effective risk controls. Both average loans and deposits are higher to begin the year, and our expense discipline was evident again this quarter, while asset-quality metrics remained stable and capital ratios strong.”