Truist Financial (TFC) Stock

CHARLOTTE, N.C., Jan. 28, 2025 /PRNewswire/ -- Truist Financial Corporation's Board of Directors has announced a regular quarterly cash dividend of $0.52 for each common share. This dividend will be paid on March 3, 2025, to shareholders who are on record as of the end of business on February 14, 2025.

WINSTON-SALEM, N.C., Jan. 21, 2025 /PRNewswire/ -- Sheffield Financial, part of Truist Bank and known for its quick and adaptable retail financing, is thrilled to share its new national partnership with Scarab, a top maker of high-performance jet boats.

Truist Financial's earnings for the fourth quarter were better than expected, thanks to increased fees from investment banking and better credit conditions, with credit provisions decreasing by $100 million compared to last year. However, despite this strong performance, the bank's net interest income is likely to fall in a lower interest rate environment. The growth in investment banking and trading fees particularly helped Truist Financial in the fourth quarter.

Truist Financial Corporation (NYSE:TFC) will hold its Q4 2024 Earnings Conference Call on January 17, 2025, at 8:00 AM ET. The call will feature company representatives, including Chairman and CEO Bill Rogers and CFO Mike Maguire, along with analysts from various financial institutions. At this moment, all attendees are in listen-only mode.

TFC's results for the fourth quarter of 2024 exceeded expectations due to increased net interest income and non-interest income, along with reduced provisions. However, the rise in adjusted expenses continues to be a concern.

Truist Financial shared its earnings results for the fourth quarter and the entire year of 2024 on January 17. The report highlights how the company is trying to adapt to changes in digital banking and shifting customer needs. Truist's Chairman and CEO, Bill Rogers, emphasized the significance of 2024 during the earnings call with investors.

Truist Financial Corporation announced its earnings for the fourth quarter and the entire year of 2024 today. In contrast to its bigger rival U.S. Bancorp, Truist exceeded earnings expectations. Additionally, there are other factors contributing to the rise in TFC's share price after the earnings report, which I will discuss in this analysis.

Truist Financial (TFC -0.90%), the sixth biggest commercial bank in the U.S., announced its fourth-quarter earnings on Friday, January 17, which exceeded what analysts had predicted. The adjusted diluted earnings per share (EPS) was $0.91, surpassing the expected $0.88, and revenue rose to $5.11 billion, higher than the forecasted $5.04 billion.

Truist Financial Corporation (TFC) reported quarterly earnings of $0.91 per share, which is higher than the Zacks Consensus Estimate of $0.87 per share. This is an increase compared to earnings of $0.81 per share from the same period last year.