Overview

* Truist Q3 adjusted EPS beats analyst expectations

* Net interest margin for Q3 remains stable at 3.01%

Result Drivers

* STABLE NET INTEREST MARGIN - Truist's net interest margin remained almost flat at 3.01% for Q3, providing stability in income

* NONINTEREST INCOME - Noninterest income rose by 11% due to higher other income, offset by lower investment banking and trading income

* HIGHER EXPENSES - Noninterest expense increased by 0.9% due to higher personnel expenses and investments in technology and risk infrastructure

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.04 $1 (19

Adjusted Analysts

EPS )

Q3 EPS $1.04

Q3 CET1 11%

Capital

Ratio

Q3 Net 3.01%

Interest

Margin

Q3 ROCE 9%

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 13 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for Truist Financial Corp ( TFC ) is $49.00, about 16.1% above its October 16 closing price of $41.09

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)