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Truist Financial Corporation (TFC) Tops Q4 Earnings and Revenue Estimates
TFCTruist(TFC) ZACKS·2025-01-17 13:21

Earnings Performance - Truist Financial reported quarterly earnings of 0.91pershare,beatingtheZacksConsensusEstimateof0.91 per share, beating the Zacks Consensus Estimate of 0.87 per share, representing a 4.60% earnings surprise [1] - This compares to earnings of 0.81pershareayearago[1]−Inthepreviousquarter,thecompanypostedearningsof0.81 per share a year ago [1] - In the previous quarter, the company posted earnings of 0.97 per share, surpassing the expected 0.89pershare,withan8.990.89 per share, with an 8.99% surprise [1] - Over the last four quarters, the company has consistently surpassed consensus EPS estimates [2] Revenue Performance - Truist Financial reported revenues of 5.06 billion for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 1.13% [2] - This compares to year-ago revenues of 5.7billion[2]−Thecompanyhastoppedconsensusrevenueestimatesthreetimesoverthelastfourquarters[2]StockPerformance−TruistFinancialshareshavegainedapproximately3.75.7 billion [2] - The company has topped consensus revenue estimates three times over the last four quarters [2] Stock Performance - Truist Financial shares have gained approximately 3.7% since the beginning of the year, outperforming the S&P 500's gain of 1% [3] - The stock's immediate price movement will depend on management's commentary during the earnings call [3] Earnings Outlook - The current consensus EPS estimate for the coming quarter is 0.86 on 5billioninrevenues[7]−Forthecurrentfiscalyear,theconsensusEPSestimateis5 billion in revenues [7] - For the current fiscal year, the consensus EPS estimate is 3.87 on 20.53billioninrevenues[7]−TheestimaterevisionstrendforTruistFinancialismixed,resultinginaZacksRank3(Hold)[6]IndustryContext−TruistFinancialbelongstotheZacksBanks−MajorRegionalindustry,whichiscurrentlyinthetop2620.53 billion in revenues [7] - The estimate revisions trend for Truist Financial is mixed, resulting in a Zacks Rank 3 (Hold) [6] Industry Context - Truist Financial belongs to the Zacks Banks - Major Regional industry, which is currently in the top 26% of the 250 plus Zacks industries [8] - The top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8] Peer Comparison - BankUnited, Inc (BKU), another company in the same industry, is expected to report quarterly earnings of 0.71 per share, representing a year-over-year change of -1.4% [9] - BankUnited's revenues are expected to be $259.7 million, up 10.8% from the year-ago quarter [9] - The consensus EPS estimate for BankUnited has remained unchanged over the last 30 days [9]