The company said net income available to common shareholders for Q2 2024 was $826 million ($0.62 per diluted share), or $1.2 billion ($0.91 per share) on an adjusted basis.

1. 01

   The company said net income available to common shareholders for Q2 2024 was $826 million ($0.62 per diluted share), or $1.2 billion ($0.91 per share) on an adjusted basis.

2. 02

   Truist said its net income for Q2 included a gain on the sale of TIH of $6.9 billion ($4.8 billion after tax) in discontinued operations, and securities losses of $6.7 billion ($5.1 billion after tax) from the balance sheet repositioning.

3. 03

   The company said taxable-equivalent net interest income for Q2 2024 was $3,580 million, up $155 million (4.5%) from the prior quarter, and its net interest margin was 3.03%, up 14 basis points.

4. 04

   The company said its CET1 ratio as of June 30, 2024 was 11.6%, up 150 basis points from March 31, 2024. Its board approved share repurchases of up to $5 billion through 2026, with buybacks expected to begin in Q3 2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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