Truist Financial reports Q4 EPS 91c, consensus 88c

Reports Q4 revenue $5.11B, consensus $5.06B. Reports Q4 tangible book value per share $30.01. Reports Q4 CET1 capital ratio 11.5%. Reports Q4 net charge-offs .59%. “2024 was an important year for Truist. We added new clients and deepened existing relationships, invested in our core banking business, made enhancements to our technology and risk infrastructure, and maintained our credit and expense discipline. We executed on several important strategic initiatives, including the sale of Truist Insurance Holdings and the repositioning of our balance sheet. These actions increased our capital and further enhanced our ability to support the growth needs of clients, while also returning capital to shareholders. Going into 2025, we have strong momentum and look forward to growing with our clients in some of the best markets in the country. At our foundation is our purpose to inspire and build better lives and communities. Our dedication to our purpose, along with a clear strategy, deep expertise, seamless teamwork, and client focus positions us to drive our performance and increased profitability in 2025 and beyond,” said CEO Bill Rogers.