Truist Q4 profit falls to $0.91 per share from $0.99; revenue slips 0.6%
Truist reported fourth-quarter 2024 net income available to common shareholders of $1.2 billion, or $0.91 per diluted share, down from $1.34 billion, or $0.99 per share, in the third quarter. Total taxable-equivalent revenue fell 0.6% to $5.11 billion while noninterest expense rose 3.7%, so both headline measures declined from the prior quarter.
Key points
- Net income available to common shareholders was $1.2 billion, or $0.91 per diluted share, versus $0.99 in 3Q24
- Total TE revenue was $5.11 billion, down 0.6% from 3Q24; noninterest expense rose 3.7% to $3.04 billion
- Repurchased $500 million of common shares and redeemed $750 million of series L preferred shares; CET1 ratio was 11.5%
- Average deposits increased $5.7 billion, or 1.5%, to $390.0 billion
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 17, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.