Truist Reports First Quarter 2020 Results
Truist Financial Corporation (TFC)
Last truist financial corporation earnings: 4/20 05:45 am
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Source: PR Newswire
CHARLOTTE, N.C., April 20, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today reported earnings for the first quarter of 2020. Net income available to common shareholders was $986 million, up 31.6 percent, compared with the first quarter last year. Earnings per diluted common share were $0.73 for the first quarter of 2020, a decrease of 24.7 percent compared with the same period last year. Results for the first quarter produced an annualized return on average assets (ROA) of 0.90 percent, an annualized return on average common shareholders' equity (ROCE) of 6.58 percent, and an annualized return on tangible common shareholders' equity (ROTCE) of 13.23 percent.Adjusted net income available to common shareholders was $1.2 billion, or $0.87 per diluted share, excluding merger-related and restructuring charges of $107 million ($82 million after-tax), incremental operating expenses related to the merger of $74 million ($57 million after-tax), and impacts associated with ce
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TFC
News
- Truist Financial Co. (NYSE: TFC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Truist Financial Co. (NYSE: TFC) had its price target raised by analysts at JPMorgan Chase & Co. from $39.50 to $40.50. They now have a "neutral" rating on the stock.MarketBeat
- Truist survey shows small business owners focused on short-term challenges at the expense of long-term planning [Yahoo! Finance]Yahoo! Finance
- Truist survey shows small business owners focused on short-term challenges at the expense of long-term planningPR Newswire
- Truist launches "Truist Life, Money, and Choices™" financial education program for high school and college students [Yahoo! Finance]Yahoo! Finance
TFC
Earnings
- 4/22/24 - Beat
TFC
Sec Filings
- 4/29/24 - Form 4
- 4/26/24 - Form 8-K
- 4/25/24 - Form 4
- TFC's page on the SEC website