Truist Financial Corp. (TFC) Tops Q3 EPS by 8c, Revenues Beat

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Go back to Truist Financial Corp. (TFC) Tops Q3 EPS by 8c, Revenues Beat

Truist Reports Third Quarter 2020 Results

October 15, 2020 5:45 AM EDT

CHARLOTTE, N.C., Oct. 15, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today reported earnings for the third quarter of 2020.

Net income available to common shareholders was $1.1 billion, up 45.3 percent, compared to the third quarter last year. Earnings per diluted common share were $0.79, a decrease of 16.8 percent compared with the same period last year. Results for the third quarter produced an annualized return on average assets (ROA) of 0.91 percent, an annualized return on average common shareholders' equity (ROCE) of 6.87 percent, and an annualized return on tangible common shareholders' equity (ROTCE) of 13.31... More