Net income available to common shareholders for Q3 2024 was $1.3 billion, up 25% from a year earlier, and diluted earnings per common share were $0.99, up $0.19 (24%), Truist said.

10-QQuarterly reportFiled Nov 1, 2024Period of report Sep 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

Net income available to common shareholders for Q3 2024 was $1.3 billion, up 25% from a year earlier, and diluted earnings per common share were $0.99, up $0.19 (24%), Truist said.
Taxable-equivalent net interest income for Q3 2024 rose $65 million (1.8%) from a year earlier, and net interest margin was 3.12%, up 20 basis points. The company cited the balance sheet repositioning completed in Q2 as the main factor.
Noninterest expense fell $133 million (4.3%) from a year earlier in Q3 2024, the company said. It said restructuring charges declined $36 million, and the FDIC special assessment was adjusted down by $16 million.
The company said it returned $1.2 billion to shareholders in Q3 2024, including common stock dividends and $500 million of common share repurchases. It said $4.5 billion remains under its $5.0 billion repurchase authorization.

Key figures

Quarter ended September 30, 2024

Revenue: $6.4B
Net income: $1.4B
EPS: $0.99

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q3 2024 Net Income and Earnings Per Share

Net income available to common shareholders for Q3 2024 was $1.3 billion, up 25% from a year earlier, and diluted earnings per common share were $0.99, up $0.19 (24%), Truist said.

Source · Based on the MD&A text of the filing

Net Interest Income and Margin Changes

Taxable-equivalent net interest income for Q3 2024 rose $65 million (1.8%) from a year earlier, and net interest margin was 3.12%, up 20 basis points. The company cited the balance sheet repositioning completed in Q2 as the main factor.

Source · Based on the MD&A text of the filing

Lower Noninterest Expense and FDIC Special Assessment

Noninterest expense fell $133 million (4.3%) from a year earlier in Q3 2024, the company said. It said restructuring charges declined $36 million, and the FDIC special assessment was adjusted down by $16 million.

Source · Based on the MD&A text of the filing

Shareholder Returns and Remaining Repurchase Authorization

The company said it returned $1.2 billion to shareholders in Q3 2024, including common stock dividends and $500 million of common share repurchases. It said $4.5 billion remains under its $5.0 billion repurchase authorization.

Source · Based on the MD&A text of the filing

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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