Below are the key earnings details for Truist Financial Corporation (TFC):
In the fourth quarter, the company recorded earnings of $1.216 billion, compared to a loss of $5.167 billion in the same quarter the previous year. Earnings per share (EPS) stood at $0.91, contrasting with the negative $3.87 reported in the prior year. On an adjusted basis, excluding certain items, Truist Financial Corporation posted earnings of $1.211 billion or $0.91 per share for the quarter.
The results exceeded analysts' expectations, who had projected earnings of $0.88 per share. Revenue for the fourth quarter reached $5.11 billion, a rise from $4.94 billion in the corresponding period of the previous year.
