Truist Financial said net income available to common shareholders for Q4 2024 was $1.2 billion, or $0.91 per diluted share. Full-year net income available to common shareholders was $4.5 billion, or $3.36 per share, and adjusted net income available to common shareholders was $5.0 billion, up 3.3% compared to 2023.

1. 01

   Truist Financial said net income available to common shareholders for Q4 2024 was $1.2 billion, or $0.91 per diluted share. Full-year net income available to common shareholders was $4.5 billion, or $3.36 per share, and adjusted net income available to common shareholders was $5.0 billion, up 3.3% compared to 2023.

2. 02

   Truist Financial said taxable-equivalent net interest income for Q4 2024 was $3,641 million, down $16 million, or 0.4%, compared to Q3. Net interest margin was 3.07%, down 5 basis points, and average deposits increased $5.7 billion, or 1.5%.

3. 03

   Truist Financial said noninterest expense for Q4 2024 increased $108 million, or 3.7%, compared to Q3. Professional fees and outside processing expense and equipment expense increased, while personnel expense decreased.

4. 04

   Truist Financial said it repurchased $500 million in common shares during Q4 2024, with a dividend payout ratio of 57% and a total payout ratio of 98%. It also redeemed $750 million of Series L preferred shares, and the CET1 ratio was 11.5%.

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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