Truist Reports First Quarter 2021 Results

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Go back to Truist Reports First Quarter 2021 Results

Truist Financial Corp. (TFC) Tops Q1 EPS by 7c, Revenues Beat

April 15, 2021 5:49 AM EDT

Truist Financial Corp. (NYSE: TFC) reported Q1 EPS of $1.18, $0.07 better than the analyst estimate of $1.11. Revenue for the quarter came in at $5.51 billion versus the consensus estimate of $5.47 billion.

First Quarter 2021 Performance Highlights

Earnings per diluted common share were $0.98Adjusted diluted earnings per share were $1.18, up $0.35 per share compared to first quarter 2020ROA was 1.17 percent; adjusted ROA was 1.39 percentROCE was 8.69 percent; adjusted ROCE was 10.41 percentROTCE was 16.40 percent; adjusted ROTCE was 19.36 percent Taxable-equivalent revenue was $5.5 billionFee income ratio was 40.1 percent, compared to 40.4 percent for fourth quarter... More