Truist Financial beat earnings estimates, revenue grew, but non-interest income declined

From Zacks Investment Research: 2025-04-17 12:02:00

Truist Financial (TFC) saw its shares rise 1.6% in pre-market trading after reporting first-quarter 2025 adjusted earnings of 87 cents per share, beating estimates by a penny. The company’s total revenues grew 1.7% year over year to $4.90 billion, driven by higher net interest income. However, non-interest income declined, leading to a 3.7% drop in this metric. Non-interest expenses also fell by 1.6%. The company’s credit quality showed a mixed bag with net charge-offs decreasing but non-performing assets increasing. Truist Financial also repurchased shares worth $500 million during the quarter.

In comparison, Wells Fargo (WFC) reported adjusted earnings per share of $1.27 for the first quarter of 2025, beating estimates by 3.3%. The company saw an improvement in non-interest income but a decrease in net interest income. JPMorgan (JPM) reported earnings of $5.07 per share for the same period, surpassing estimates of $4.62. The bank saw strong performances in capital markets and mortgage banking, but higher provisions and expenses were a challenge.



Read more at Zacks Investment Research: Truist Financial’s Q1 Earnings Beat Estimates on Higher NII, Stock Up – April 17, 2025