Truist Financial Corp. (TFC) Tops Q4 EPS by 21c

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Go back to Truist Financial Corp. (TFC) Tops Q4 EPS by 21c

Truist Reports Fourth Quarter 2020 Results

January 21, 2021 5:45 AM EST

CHARLOTTE, N.C., Jan. 21, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today reported earnings for the fourth quarter of 2020.

Net income available to common shareholders was $1.2 billion, up 74.9 percent, compared to the fourth quarter last year. Earnings per diluted common share were $0.90, an increase of 20.0 percent compared with the same period last year. Results for the fourth quarter produced an annualized return on average assets (ROA) of 1.05 percent, an annualized return on average common shareholders' equity (ROCE) of 7.88 percent, and an annualized return on tangible common shareholders' equity (ROTCE) of 14.99... More