Truist Financial Corporation (TFC) has announced a year-over-year increase in earnings for the third quarter. The company reported a net income of $1.34 billion, or $0.99 per share, compared to $1.07 billion, or $0.80 per share, in the same quarter of the previous year. After accounting for specific adjustments, the adjusted earnings stood at $1.31 billion, or $0.97 per share.
In terms of revenue, the company experienced a 4.3% rise, achieving $5.14 billion, up from $4.93 billion in the prior year's third quarter.
Here is a summary of Truist Financial Corporation's key financial indicators for the quarter (in accordance with GAAP):
- Earnings (Q3): $1.34 billion, compared to last year's $1.07 billion.
- Earnings Per Share (EPS) (Q3): $0.99, an increase from $0.80 last year.
- Revenue (Q3): $5.14 billion, up from $4.93 billion last year.
