TRUIST FINANCIAL CORP Quarterly Report for Q1 Ended Mar 31, 2025

Summary

Truist Financial Corporation (TFC) reported solid first-quarter 2025 results, demonstrating resilience amidst market volatility. Net income available to common shareholders increased by 6.0% year-over-year to $1.2 billion, translating to diluted EPS of $0.87, up 7.4%. This performance was driven by a 3.8% increase in taxable-equivalent net interest income, aided by balance sheet repositioning and reinvestment in higher-yielding securities. While noninterest income saw a slight decrease due to lower investment banking and trading revenues, the company effectively managed expenses, with a 1.6% reduction in noninterest expense driven by lower regulatory costs and personnel expenses. Asset quality remained strong, with nonperforming loans and leases held for investment at 0.48%. The company also maintained robust capital ratios, with a CET1 ratio of 11.3%. Truist returned $1.2 billion to shareholders through dividends and share repurchases, underscoring its commitment to capital return while retaining significant remaining authorization for future buybacks. The company continues to focus on strategic growth initiatives, talent and technology investments, and maintaining credit and risk discipline.

Key Highlights

• 1Net income available to common shareholders increased 6.0% year-over-year to $1.2 billion.
• 2Diluted EPS rose 7.4% to $0.87.
• 3Taxable-equivalent net interest income grew 3.8% due to balance sheet repositioning and higher yields on securities.
• 4Noninterest expense decreased 1.6% driven by lower regulatory costs and personnel expenses.
• 5Asset quality remained strong with nonperforming loans and leases held for investment at 0.48%.
• 6Common shareholders received $1.2 billion in capital returns via dividends ($679 million) and share repurchases ($500 million).
• 7CET1 ratio remained strong at 11.3%, exceeding regulatory requirements.

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