The earnings call reflects a mixed outlook with strong loan and deposit growth, digital advancements, and shareholder returns countered by a reduced revenue outlook due to challenges in investment banking and economic uncertainty.

Company Guidance

During Truist Financial Corporation's First Quarter 2025 Earnings Conference Call, the company provided updated guidance for the year, reflecting adjustments due to market volatility and economic uncertainty. Truist now anticipates a 1.5% to 2.5% increase in revenue compared to 2024, a downward revision from the previous forecast of 3% to 3.5% growth. This reduction is primarily driven by a revised outlook for flat year-over-year investment banking and trading revenue, alongside slightly lower net interest income due to lower medium-term interest rates. Despite these challenges, Truist expects net interest income to rise by about 3% for the year, supported by low-single-digit loan growth and expected rate cuts. The company also plans to maintain expense discipline with a revised forecast of a 1% increase in adjusted expenses for 2025, slightly down from the previous 1.5% estimate. Furthermore, Truist is capitalizing on its strong capital position by planning to buy back up to $750 million in shares during the second quarter, having already completed $500 million in repurchases, reflecting confidence in its financial health. The company's strategic focus remains on driving growth through premier banking, wealth, payments, and middle-market banking, while also investing in talent and technology to enhance client experiences.

Continued Loan and Deposit Growth

Average loans and deposits increased, with consumer and small business loan balances rising by 1.3% linked quarter. Residential mortgage, indirect auto, and service finance production were up 47% year-over-year.

Strong Capital Position and Shareholder Returns

Truist returned $1.2 billion of capital to shareholders through dividends and share repurchases in Q1. They completed $500 million in share repurchases in Q2 and plan to target an additional $250 million.

Digital Growth and Innovation

Truist opened 195,000 new digital accounts, a 13% increase year-over-year. Over 60% of new digital clients are Millennials and Gen Z. The AI tool Truist Assist supported over 1 million conversations, with 80% requiring no further interaction.

Positive Momentum in Premier Banking

Net new checking account growth was positive, adding more than 39,000 new consumer and business accounts, a 40% increase over the previous year.

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Truist Financial (TFC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TFC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 18, 2025	2025 (Q2)	0.94 / -	0.62	―	―	―
Apr 17, 2025	2025 (Q1)	0.87 / 0.87	0.81	7.41% (+0.06)
Jan 17, 2025	2024 (Q4)	0.88 / 0.91	-3.85	123.64% (+4.76)
Oct 17, 2024	2024 (Q3)	0.91 / 0.99	0.8	23.75% (+0.19)
Jul 22, 2024	2024 (Q2)	0.62 / 0.62	0.92	-32.61% (-0.30)
Apr 22, 2024	2024 (Q1)	0.78 / 0.81	1.05	-22.86% (-0.24)
Jan 18, 2024	2023 (Q4)	0.67 / -3.85	1.2	-420.83% (-5.05)
Oct 19, 2023	2023 (Q3)	0.81 / 0.80	1.15	-30.43% (-0.35)
Jul 20, 2023	2023 (Q2)	1.00 / 0.92	1.09	-15.60% (-0.17)
Apr 20, 2023	2023 (Q1)	1.14 / 1.05	0.99	6.06% (+0.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TFC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 17, 2025	$36.00	$35.90	-0.28%
Jan 17, 2025	$44.48	$47.12	+5.94%
Oct 17, 2024	$43.54	$41.99	-3.56%
Jul 22, 2024	$40.95	$42.27	+3.22%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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