Truist Financial Corp. (TFC) Tops Q1 EPS by 6c

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Go back to Truist Financial Corp. (TFC) Tops Q1 EPS by 6c

Truist Reports First Quarter 2020 Results

April 20, 2020 5:45 AM EDT

CHARLOTTE, N.C., April 20, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today reported earnings for the first quarter of 2020.

Net income available to common shareholders was $986 million, up 31.6 percent, compared with the first quarter last year. Earnings per diluted common share were $0.73 for the first quarter of 2020, a decrease of 24.7 percent compared with the same period last year. Results for the first quarter produced an annualized return on average assets (ROA) of 0.90 percent, an annualized return on average common shareholders' equity (ROCE) of 6.58 percent, and an annualized return on tangible common... More