Truist Financial Q1 net income rises as expenses fall

Truist Financial

17/04/2026 11:40

Overview

U.S. regional bank's Q1 net income available to common shareholders rose yr/yr

Q1 diluted EPS up 25% from prior year

Company returned $1.8 bln to shareholders via dividends and buybacks

Outlook

Truist sets long-term ROTCE target of 16% to 18%

Result Drivers

EXPENSE REDUCTION - Noninterest expense fell 5.9% due to lower personnel, other, and professional fees, partially offset by higher regulatory costs

MODEST LOAN AND DEPOSIT GROWTH - Average loans and leases rose 0.7% and average deposits increased 0.7%, with commercial loan growth offsetting consumer declines

STABLE NONINTEREST INCOME - Higher investment banking and trading income offset lower other income, resulting in flat noninterest income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$5.15 bln
Q1 Net Income
$1.48 bln
Q1 Net Interest Income
$3.60 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 9 "hold" and 2 "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 is $54.50, about 10.3% above its April 16 closing price of $49.43

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)