Future

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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">For <a href="https://ir.truist.com" target="_blank" aria-label="Q4 2024 (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">Q4 2024</a>, Truist Financial Corporation (NYSE: TFC) reported a <a href="https://tokenist.com/investing/fundamental-analysis-stocks/" rel="dofollow" class="deco-link">GAAP loss</a> of $5.2 billion, equating to $3.85 per share, significantly impacted by a non-cash goodwill impairment charge. However, when adjusted for certain non-recurring items, the bank’s net income stood at a more favorable $1.1 billion, or $0.81 per share. The bank’s total revenue reached $5.76 billion, with net interest income at $3.60 billion and noninterest income at $2.16 billion. Despite these pressures, the bank’s capital and liquidity levels remained robust.</p> 
<h3 id="adjusted-eps-of-0-81-outpaces-expectations">Adjusted EPS of $0.81 Outpaces Expectations</h3> 
<p>TFC’s adjusted earnings per share (EPS) of $0.81 outpaced the expected $0.68, presenting a notable positive variance. However, the total revenue of $5.76 billion fell slightly short of the anticipated $5.69 billion. This mixed outcome reflects the bank’s resilience in a challenging environment, balancing lower net interest income with higher noninterest income.</p> 
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<h3 id="guidance-for-the-future">Guidance for the Future</h3> 
<p>Looking ahead, Truist Financial Corporation has laid out a clear roadmap for its future operations, backed by concrete data from the recent quarter. The bank’s CET1 ratio, a key measure of financial strength, improved to 10.1%, reflecting robust capital generation and risk-weighted asset optimization. This improvement in capitalization is a significant step towards ensuring long-term financial stability.</p> 
<p>TFC’s focus on efficiency is evidenced by a 4.5% reduction in adjusted noninterest expense, demonstrating its commitment to cost management and operational streamlining. Such financial discipline is crucial as the bank navigates a complex economic environment. Moreover, TFC has maintained a solid asset quality with the allowance for loan and lease losses (ALLL) ratio increasing to 1.54%, ensuring a strong buffer against potential credit losses.</p> 
<p>Truist’s strategic emphasis is clear: strengthening its balance sheet, enhancing efficiency, and focusing on core markets. These initiatives are expected to drive future growth and shareholder value, marking a promising outlook for the bank amidst evolving market dynamics.</p> 
<h3 id="stock-up-in-premarket">Stock Up in Premarket</h3> 
<p>The stock price of Truist Financial Corporation reflects the market’s reaction to its fourth-quarter results. At the close of the market, TFC’s stock was priced at $35.78, a decrease of $0.40 or 1.11%. The stock showed a positive movement in pre-market trading, rising by $0.42 or 1.17% to $36.2. The company’s market cap stands at $47.719 billion, with a PE ratio (TTM) of 8.99 and an EPS (TTM) of 3.98. TFC’s stock has experienced a varied range over the year, oscillating between a 52-week range of $25.56 to $51.26.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/tfc-surpasses-eps-expectations-with-0-81-in-fourth-quarter/">TFC Surpasses EPS Expectations with $0.81 in Fourth Quarter</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

TFC Surpasses EPS Expectations with $0.81 in Fourth Quarter

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