Yahoo Finance

• Net Income: $1.2 billion or $0.87 per share for Q1 2025.

• Revenue: Decreased 3.2% linked quarter.

• Adjusted Expenses: Decreased 5.4% linked quarter.

• Loan Growth: Average loans increased 1.1% linked quarter.

• Deposit Growth: Average deposits increased $2.2 billion or 0.6% sequentially.

• Net Interest Margin: Decreased 6 basis points to 3.01% linked quarter.

• Share Repurchases: $500 million in Q1 2025, with plans for up to $750 million in Q2 2025.

• Efficiency Ratio: Improved by 130 basis points linked quarter.

• Net Charge-Offs: Increased to 60 basis points linked quarter.

• CET1 Ratio: Declined 20 basis points to 11.3% linked quarter.

• Digital Account Growth: 195,000 new digital accounts opened in Q1 2025, a 13% increase year-over-year.

• Warning! GuruFocus has detected 3 Warning Signs with TFC.

Release Date: April 17, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Truist Financial Corp (NYSE:TFC) reported net income available to common shareholders of $1.2 billion or $0.87 per share for the first quarter of 2025.

• The company experienced positive loan and deposit growth momentum, with average loans and deposits increasing late in the quarter.

• Truist Financial Corp (NYSE:TFC) is maintaining strong expense discipline, achieving a 130 basis point improvement in their efficiency ratio on a linked quarter basis.

• The company is investing in digital capabilities, with 195,000 new digital accounts opened in the first quarter, reflecting a 13% increase over the previous year.

• Truist Financial Corp (NYSE:TFC) has a strong capital position, allowing for continued share repurchases and dividend payments, with $500 million of share repurchases completed in the first quarter and plans for an additional $750 million in the second quarter.

Negative Points

• Truist Financial Corp (NYSE:TFC) has reduced its revenue outlook due to market volatility and economic uncertainty, with expectations for flat year-over-year investment banking and trading revenue.

• The company reported a 3.2% decrease in total revenue linked quarter, with declines in both net interest income and non-interest income.

• Non-interest income decreased by 5.3% versus the fourth quarter, primarily due to a decline in other income related to certain equity investments.

• Truist Financial Corp (NYSE:TFC) has adjusted its net interest income outlook, now expecting a 3% increase in 2025 versus 2024, impacted by lower medium-term interest rates.

• The company faces challenges in investment banking and capital markets, with lower overall M&A and equity capital markets activity resulting in less than expected growth.