Truist Financial: Q4 EPS Beats Estimates
Truist Financial (NYSE:TFC), the sixth largest U.S. commercial bank, reported fourth-quarter earnings on Friday, Jan. 17, that topped analyst consensus expectations. Adjusted diluted EPS of $0.91 came in ahead of the $0.88 expected while revenue climbed to $5.11 billion, above the anticipated $5.04 billion.
Despite strengths in earnings and revenue, the quarter showed mixed signals due to rising noninterest expenses and challenges in parts of its lending portfolio.
Source: Truist Financial. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. CET1 = Common Equity Tier 1.
Source Fool.com
