UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _________________________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: March 31, 2025 Commission File Number: 1-10853 TRUIST FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) _________________________________________________________________ North Carolina 56-0939887 (State or other jur ...

Summary of Truist Financial (TFC) M&A Announcement Conference Call Company and Industry - **Companies Involved**: BB&T and SunTrust, merging to form Truist Financial - **Industry**: Banking and Financial Services Core Points and Arguments - **Merger Announcement**: The merger is described as a transformational merger of equals (MOE) aimed at creating a premier financial institution [2][4] - **Cultural Fit**: Emphasis on the importance of cultural compatibility, strategic rationale, and economic attractiveness in the merger [4] - **Pro Forma Financials**: The merger is expected to create a diverse and comprehensive business mix in banking, enhancing capabilities beyond what each company could achieve independently [5][7] - **Shareholder Exchange**: Each SunTrust shareholder will receive 1.295 shares of BB&T stock as part of the merger [6] - **Minimal Divestitures**: Anticipated divestitures are minimal, approximately $1 billion, indicating a smooth integration process [12] - **Cost Savings**: Projected cost savings of $1.6 billion, driven by operational efficiencies and branch overlap [33] - **Revenue Synergies**: While not modeled in the initial projections, there is optimism about potential revenue synergies, particularly in capital markets and commercial banking [40] Additional Important Content - **Management Structure**: An executive management team has already been identified, and integration processes are set to begin immediately [16][22] - **Branding Strategy**: The branding process will involve qualitative and quantitative research, incorporating feedback from employees to foster unity [24] - **Regulatory Considerations**: The companies are in the final stages of addressing a consent order with the Federal Reserve, which is expected to be lifted soon [49] - **Cultural Engagement**: High employee engagement scores at BB&T (79%) compared to the industry average (64%) are highlighted as a strength in retaining talent post-merger [44] - **Market Positioning**: The overlap in customer bases is minimal, with both banks competing against larger institutions rather than each other [47] This summary encapsulates the key points discussed during the conference call regarding the merger between BB&T and SunTrust, highlighting the strategic, financial, and operational aspects of the transaction.

Truist completed the initial testing phase of an alias-based bill payment solution that uses The Clearing House’s RTP® network and Request for Payment (RfP) platform.The internal pilot — which included Truist’s credit card division and employee volunteers — made Truist the first financial institution to send and receive alias-based RfPs for transactions and deliver the corresponding real-time payment and settlement via the RTP system, the bank said in a Friday (April 25) press release.Use of the alias provi ...

Phase-one network validation sets new standard for financial institutions, meeting demands of large corporate billers and empowering consumers CHARLOTTE, N.C., April 25, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced the successful completion of the initial testing phase of an innovative alias-based bill payment solution that leverages The Clearing House's RTP® network and Request for Payment (RfP) platform. The achievement positions Truist as the first financial institution t ...

Core Insights - Truist Securities is enhancing its business across key sectors to provide innovative advice and solutions to clients [1] - The industrial sector is undergoing significant changes, and the experience of new managing directors will be crucial for clients to navigate these complexities and seize new opportunities [2] Company Overview - Truist Securities is the corporate and investment banking arm of Truist Financial Corporation, with over 125 years of history [3] - The firm offers a wide range of services including strategic advisory, mergers and acquisitions, capital markets capabilities, corporate finance, asset finance, risk management, liquidity, and treasury management [3] New Appointments - Don Devendorf joins as managing director for the Transportation and Logistics sector, bringing experience from Morgan Stanley and Bluejay Advisors [5] - Douglas Jarl joins as managing director for the Aerospace, Defense, and Government Services sector, previously with Barclays, Bank of America, and TD Cowen [5] - Josh Prangley joins as managing director for the Building Products and Basic Materials sector, with a background at Greenhill & Co. and J.P. Morgan [5]

Group 1 - Truist (NYSE: TFC) shares have experienced a significant decline, losing over 25% from their highs and erasing all gains from the past year [1] - The stock currently offers a dividend yield of 5.8% and trades at a sub-10x valuation [1] - The analysis is based on over fifteen years of experience in making contrarian bets and identifying stock-specific turnaround stories for favorable risk/reward profiles [1]

Group 1 - The article emphasizes a dividend-focused value investment strategy that prioritizes capital preservation and steady income growth [1] - The investment approach involves holding high-quality value stocks that provide meaningful growth and long-term safety [1] Group 2 - The author has disclosed a long position in the shares of TFC and USB, indicating a personal investment interest in these companies [2] - The article is presented as a personal opinion and does not constitute professional investment or tax advice [3]

Shares of Truist Financial (TFC) rose 1.6% in the pre-market trading session on better-than-expected earnings. The company’s first-quarter 2025 adjusted earnings of 87 cents per share beat the Zacks Consensus Estimate by a penny. However, the figure declined 3.3% year over year.Results benefited from higher net interest income (NII). Further, lower provisions and higher average deposit and loan balances acted as tailwinds. On the other hand, lower non-interest income and higher adjusted non-interest expense ...

Earnings Conference Call Bill Rogers – Chairman & CEO First Quarter 2025 Earnings Conference Call Mike Maguire – CFO Bill Rogers - Chairman & CEO Mike Maguire - CFO April 17, 2025 April 17, 2025 Fourth Quarter 2024 Forward-Looking Statements From time to time we have made, and in the future will make, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current f ...

Core Viewpoint - Truist Financial Corporation reported quarterly earnings of $0.87 per share, exceeding the Zacks Consensus Estimate of $0.86 per share, but down from $0.90 per share a year ago, indicating a slight decline in year-over-year performance [1][2] Financial Performance - The company posted revenues of $4.9 billion for the quarter ended March 2025, which missed the Zacks Consensus Estimate by 0.50%, but showed an increase from $4.82 billion in the same quarter last year [2] - Over the last four quarters, Truist Financial has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance - Truist Financial shares have declined approximately 17% since the beginning of the year, compared to a decline of 10.3% for the S&P 500 [3] - The current Zacks Rank for Truist Financial is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.96 on revenues of $5.06 billion, and for the current fiscal year, it is $3.94 on revenues of $20.46 billion [7] - The trend of estimate revisions for Truist Financial is mixed, which could change following the recent earnings report [6] Industry Context - The Banks - Major Regional industry, to which Truist Financial belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]