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TFC
TFC Truist (TFC) Q1 FY25 earnings call
Truist navigated increased market volatility and economic uncertainty in Q1 FY25 by delivering solid loan and deposit growth, alongside disciplined expense management. The company revised its full-year revenue outlook downward, primarily due to a more challenging environment for investment banking and lower medium-term interest rates impacting NII. Despite this, Truist remains focused on strategic growth initiatives, maintaining strong asset quality, and leveraging its robust capital position for opportunistic share repurchases and continued investments in talent and technology.
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TFC operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | This call Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|---|---|
| Common equity tier 1 ratio (CET1) | 11.5%Our CET1 capital ratio finished the year at 11.5%, which is up 140 basis points versus 2023 due to the gain on the sale of Truist Insurance Holdings and 2024 earnings, partially offset by the strategic balance sheet repositioning completed in May, and $3.8 billion of capital we returned to shareholders through our common dividend and the repurchase of $1 billion of our common stock.Source: earnings call transcript | 11.3%On a linked-quarter basis, our CET1 ratio declined 20 basis points to 11.3% as the payment of our common dividend, our $500 million share buyback, growth in our balance sheet and the final CECL phase-in more than offset current period earnings.Source: earnings call transcript | 11%On a linked quarter basis, our CET1 ratio declined 30 basis points to 11% as balance sheet growth, $750 million of share repurchases, and the payment of our common dividend more than offset our period earnings.Source: earnings call transcript | 11%Our CET1 capital ratio remained stable at 11% and our CET1 ratio, including AOCI, improved by 10 basis points to 9.4%.Source: earnings call transcript | 10.8%Our CET1 capital ratio declined 20 basis points to 10.8% and our CET1 ratio including AOCI increased 10 basis points linked quarter to 9.5%.Source: earnings call transcript | 10.8%Our 10.8% CET ratio was stable with the fourth quarter.Source: earnings call transcript | 10.9%Asset quality metrics remained strong and our CET1 ratio increased by 10 basis points linked quarter to 10.9%.Source: earnings call transcript | 10.7%Our CET1 ratio declined 20 basis points linked quarter to 10.7% and driven by capital return to shareholders and the AFS securities repositioning, partially offset by earnings and the RAC loan sale.Source: earnings call transcript | -0.2 pt |
| Net interest margin | 3.07%Our net interest margin decreased by 5 basis points on a linked-quarter basis to 3.07% due primarily to the previously mentioned beta lag and a larger investment securities portfolio.Source: earnings call transcript | 3.01%Our net interest margin decreased 6 basis points on a linked-quarter basis to 3.01%.Source: earnings call transcript | 3.02%Our net interest income or margin increased 1-basis-point on a linked quarter basis to 3.02%.Source: earnings call transcript | 3.01%Our net interest margin declined 1 basis point linked quarter to 3.01%.Source: earnings call transcript | 3.07%Our net interest margin increased 6 basis points linked quarter to 3.07%.Source: earnings call transcript | 3.02%Our net interest margin decreased by 5 basis points linked quarter to 3.02%, driven primarily by that same seasonal change in deposit mix.Source: earnings call transcript | 2.98%Our net interest margin decreased 4 basis points linked quarter to 2.98%, driven by slightly higher deposit costs lower loan spreads and a slightly larger balance sheet.Source: earnings call transcript | 3%Net interest margin increased 2 basis points to 3%, driven by fixed rate asset repricing and a slightly smaller balance sheet.Source: earnings call transcript | 0 pt |
| Common equity tier 1 ratio (CET1) including the impact of AOCI | — | 9.6%Our CET1 capital ratio, including the impact of AOCI, declined 10 basis points linked quarter to 9.6%, reflecting the aforementioned factors, partially offset by a $500 million decrease in AOCI due to the increase in longer-term interest rates experienced during the quarter.Source: earnings call transcript | 9.3%Our CET1 capital ratio, including the impact of AOCI, declined 30 basis points linked quarter to 9.3%, reflecting the aforementioned factors.Source: earnings call transcript | 9.4%Our CET1 capital ratio remained stable at 11% and our CET1 ratio, including AOCI, improved by 10 basis points to 9.4%.Source: earnings call transcript | 9.5%Our CET1 capital ratio declined 20 basis points to 10.8% and our CET1 ratio including AOCI increased 10 basis points linked quarter to 9.5%.Source: earnings call transcript | — | — | — | +0.1 pt |
| Return on tangible common equity (ROTCE) | — | — | — | 13.6%In summary, our third quarter results were strong as the combination of improved revenue, disciplined expense and credit management and robust capital return drove 130 basis points sequential improvement in our ROTCE to 13.6%.Source: earnings call transcript | — | 13.8%As a result of this execution in managing our capital through share repurchases, return on tangible common equity improved by 150 basis points to 13.8% compared to the first quarter of 2025, representing meaningful progress towards our full year 2027 ROTCE target of 15%.Source: earnings call transcript | 15.4%In addition, combined with disciplined capital deployment, our return on tangible common equity improved 310 basis points year-over-year to 15.4%.Source: earnings call transcript | — | +1.6 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
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