Truist Reports Third Quarter 2020 Results
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Truist Financial Corp. (TFC) Tops Q3 EPS by 8c, Revenues Beat
October 15, 2020 5:54 AM EDTTruist Financial Corp. (NYSE: TFC) reported Q3 EPS of $0.97, $0.08 better than the analyst estimate of $0.89. Revenue for the quarter came in at $5.57 billion versus the consensus estimate of $5.44 billion.
Third Quarter 2020 Performance Highlights
Earnings per diluted common share were $0.79Adjusted diluted earnings per share were $0.97ROA was 0.91 percent; adjusted ROA was 1.11 percentROCE was 6.87 percent; adjusted ROCE was 8.50 percentROTCE was 13.31 percent; adjusted ROTCE was 16.08 percent Taxable-equivalent revenue was $5.6 billion; includes $104 million of securities gainsFee income ratio was 39.7 percent, compared to 41.3 percent for second quarter 2020; excluding... More