Truist Q2 EPS Jumps 37% to $1.23 on $5.27B Revenue, Buybacks Hit $1.2B
TFC sits 30% above its 52-week low of $40.785.
Summary
Truist delivered a strong Q2 with EPS of $1.23, up 37% year-over-year, driven by higher investment banking, trading, and wealth management fees. Net interest income held up well with a NIM of 2.98% on average earning assets, while credit quality improved — net charge-offs fell to 0.50%. The bank returned significant capital, repurchasing $1.2 billion in shares and paying a $0.52 dividend, and maintained a solid CET1 ratio of 10.9%. This follows a Q1 that also beat expectations and a recent CEO succession announcement; the earnings beat and aggressive buybacks reinforce the positive trajectory. Loan and deposit growth were both healthy, with commercial loans leading the expansion.
At the time of this announcement, TFC was trading at $53.20 on NYSE in the Finance sector, with a market capitalization of approximately $66.3B. The 52-week trading range was $40.79 to $56.20. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.