NYSE$TFC

Truist Financial Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Truist's earnings were reported for Q4 2019, reflecting heritage BB&T prior to the merger and results from both BB&T and SunTrust post-merger.

Truist Financial Corporation reported earnings for the fourth quarter of 2019 with a net income of $702 million, or $0.75 per diluted share. The results include costs associated with the merger of equals completed on December 6, 2019. Taxable-equivalent revenue totaled $3.7 billion, and adjusted net income was $1.0 billion.

  • Earnings per diluted common share were $0.75; adjusted diluted earnings per share were $1.12.
  • ROA was 0.95 percent; adjusted ROA was 1.40 percent.
  • Completed merger of equals on December 6, 2019, merging loans of $154.0 billion and deposits of $170.7 billion.
  • Taxable-equivalent revenue was $3.7 billion for the fourth quarter of 2019.

Headline financials

Total Revenue

$3.63B

Previous: $2.94B+23.3%
EPS (adj)

$1.12

Previous: $0.98+14.3%
Net Interest Margin

3.4%

Previous: 3.5%-2.3%
GAAP Efficiency Ratio

71.0%

Previous: 60.7%+17.0%
Adjusted Efficiency Ratio

57.5%

Previous: 56.5%+1.8%
Net Charge-Offs

$0.40

No prior period
CET1 Ratio

9.4%

No prior period
Capital Expenditures

$224M

Previous: $363M-38.3%
Free Cash Flow

-$668M

Previous: $1.01B-166.3%
Net Income

$702M

Previous: $798M-12.0%
Cash & Equivalents

$19.1B

Previous: $3.84B+396.0%
Total Assets

$473B

Previous: $226B+109.6%
Stock-Based Comp

$46M

Previous: $28M+64.3%

Revenue & EPS history

Truist · Revenue · Quarterly

$3.63B

Q4 2019+23.3%vs Q4 2018
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+0.3%

Avg return

Earnings day

-0.0%

Avg return

5 days after

+0.9%

Avg return

30 days after

51%

37 / 72 earnings

Positive

+9.8%

Q2 2009

Best reaction

-9.5%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+0.4%+3.1%-5.0%
Q1 2026+1.7%+3.1%-5.0%
Q3 2025+3.8%+6.1%+9.2%
Q2 2025+0.3%-1.4%+0.9%
Q1 2025-0.3%+0.9%+15.0%
Q3 2024-1.9%-2.6%+4.5%
Q2 2024+4.1%+4.7%-0.8%
Q1 2024+3.2%+8.9%+12.1%
Q4 2023+4.7%+2.9%+0.9%
Q3 2023-5.5%-4.1%+11.2%
Q2 2023-7.1%-8.5%-19.1%
Q1 2023-9.5%-12.5%-14.6%
Q4 2022+4.8%+5.7%+6.0%
Q3 2022-4.5%-6.6%+1.6%
Q2 2022+2.0%+2.2%+9.2%
Q1 2022-0.2%-3.4%-12.4%
Q4 2021-4.2%-8.8%-7.2%
Q3 2021+1.8%+5.3%+3.4%
Q2 2021-0.1%-0.7%+5.4%
Q1 2021-3.1%-6.6%+3.3%
Q4 2020-0.9%-2.7%+11.5%
Q3 2020-1.4%-0.3%+11.7%
Q2 2020-1.7%+0.9%+7.0%
Q1 2020+1.9%+6.2%+1.1%
Q4 2019-4.3%-1.3%-14.3%
Q3 2019+1.8%+1.2%+3.1%
Q2 2019-3.4%-7.8%-7.3%
Q1 2019+3.2%+4.0%+10.0%
Q4 2018-0.4%+1.1%-9.7%
Q3 2018+1.6%+4.6%+7.1%
Q2 2018+0.7%+0.1%+1.3%
Q1 2018-2.1%+1.6%+1.5%
Q4 2017-0.5%+2.2%-7.2%
Q3 2017+1.0%+1.9%-4.7%
Q2 2017+0.9%+2.2%-1.6%
Q1 2017-1.1%-2.8%-4.5%
Q4 2016+0.4%+0.3%-7.6%
Q3 2016+0.2%+0.9%+15.0%
Q2 2016+0.3%-0.9%+2.7%
Q1 2016-0.1%
Q4 2015+4.1%
Q3 2015+0.1%
Q2 2015-0.8%
Q1 2015-1.3%
Q4 2014+0.5%
Q3 2014+1.6%
Q2 2014-1.3%
Q1 2014+1.5%
Q4 2013-0.1%
Q3 2013-1.6%
Q2 2013-0.1%
Q4 2012+1.9%
Q1 2013-1.6%
Q4 2011+2.5%
Q3 2012-1.3%
Q2 2012+0.2%
Q1 2012-0.2%
Q3 2011-4.7%
Q2 2011-4.6%
Q1 2011-0.3%
Q4 2009-0.3%
Q4 2010-0.3%
Q3 2010+0.4%
Q2 2010+2.3%
Q1 2009+5.6%
Q1 2010+1.6%
Q4 2007-1.5%
Q3 2009+2.5%
Q3 2008+2.5%
Q2 2008+9.8%
Q4 2008+9.8%
Q2 2009+9.8%

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