Truist Financial Corp. (TFC) Tops Q2 EPS by 14c, Revenues Beat

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Go back to Truist Financial Corp. (TFC) Tops Q2 EPS by 14c, Revenues Beat

Truist Reports Second Quarter 2020 Results

July 16, 2020 5:45 AM EDT

CHARLOTTE, N.C., July 16, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today reported earnings for the second quarter of 2020.

Net income available to common shareholders was $902 million, up 7.1 percent, compared with the second quarter last year. Earnings per diluted common share were $0.67 for the second quarter of 2020, a decrease of 38.5 percent compared with the same period last year. Results for the second quarter produced an annualized return on average assets (ROA) of 0.75 percent, an annualized return on average common shareholders' equity (ROCE) of 5.90 percent, and an annualized return on tangible common... More