The earnings call reflects a positive outlook with strong capital positions, growth in investment banking, and digital adoption, despite challenges with narrow margins, revenue pressures, and increased expenses.

Company Guidance

During the Truist Financial Corporation Fourth Quarter 2024 Earnings Call, the management team, including Chairman and CEO William Rogers and CFO Michael Maguire, provided guidance for 2025. They reported a fourth-quarter net income of $1.2 billion and an annual GAAP net income of $4.5 billion. The company expects revenue to grow by 3% to 3.5% in 2025, driven by low single-digit end-of-period loan growth and modest increases in both net interest income and noninterest income. They anticipate an adjusted expense increase of approximately 1.5%, aiming for positive operating leverage of 150 to 200 basis points. Truist plans to continue its $500 million share repurchase program in the first quarter of 2025, supported by a CET1 capital ratio of 11.5%. The company is focused on maintaining strong credit metrics, with an expected net charge-off rate of around 60 basis points for the year. Key growth areas include expanding client relationships, particularly in premier banking, wealth, and payments, while also enhancing their digital platforms and investing in technology and risk infrastructure.

Strong Capital Position and Returns

Truist's CET1 capital ratio finished the year at 11.5%, up 140 basis points versus 2023. Returned $3.8 billion to shareholders through dividends and share repurchases.

Investment Banking and Trading Growth

Investment banking and trading revenue increased 46% for the year compared to 2023, marking the strongest performance since 2021.

Positive Deposit Trends

Average deposit balances increased by 1.5% sequentially, with noninterest-bearing deposits up 1.8%.

Consistent Asset Quality

Nonperforming loans held for investment declined $38 million linked quarter. Net charge-offs increased slightly but were in line with expectations.

Digital Adoption and Client Growth

Digital users grew to over 7.1 million, with digital transactions up 13% year-over-year. 275,000 new-to-bank clients acquired through digital channels, a significant increase from the previous year.

---

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

Daily Earnings Calendar >

TFC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 30, 2020	2019 (Q4)	- / 0.75	0.97	-22.68% (-0.22)	―	―
Apr 20, 2020	2020 (Q1)	- / 0.73	0.97	-24.74% (-0.24)	―	―
Jul 16, 2020	2020 (Q2)	- / 0.67	1.09	-38.53% (-0.42)	―	―
Oct 15, 2020	2020 (Q3)	- / 0.79	0.95	-16.84% (-0.16)	―	―
Jan 21, 2021	2020 (Q4)	- / 0.90	0.75	20.00% (+0.15)	―	―
Apr 15, 2021	2021 (Q1)	0.94 / 0.98	0.73	34.25% (+0.25)	―	―
Jul 15, 2021	2021 (Q2)	0.98 / 1.16	0.67	73.13% (+0.49)	―	―
Oct 15, 2021	2021 (Q3)	1.09 / 1.20	0.79	51.90% (+0.41)	―	―
Jan 18, 2022	2021 (Q4)	1.13 / 1.13	0.9	25.56% (+0.23)	―	―
Apr 19, 2022	2022 (Q1)	0.93 / 0.99	0.98	1.02% (+0.01)	―	―

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

---

TFC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 17, 2025	$44.98	$47.65	+5.94%
Oct 17, 2024	$44.03	$42.47	-3.54%
Jul 22, 2024	$41.41	$42.75	+3.24%
Apr 22, 2024	$35.46	$36.68	+3.44%

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.

---