Truist Financial Missed Expectations

Truist Financial (TFC) reported earnings of $0.87 per share on revenue of $7.38 billion for the first quarter ended March 2025. The consensus earnings estimate was $0.86 per share on revenue of $4.92 billion. The Earnings Whisper number was $0.88 per share. The company missed expectations by 1.14% while revenue fell 3.28% compared to the same quarter a year ago.

The company said in its earnings presentation it expects second quarter revenue of $4.95 billion to $5.00 billion and 2025 revenue of $20.40 billion to $20.60 billion. The company's previous guidance was 2025 revenue of $20.70 billion to $20.80 billion. The current consensus revenue estimate is $5.07 billion for the quarter ending June 30, 2025 and revenue of $20.53 billion for the year ending December 31, 2025.

Truist Financial Corporation (NYSE: TFC) is a purpose-driven financial services company committed to inspire and build better lives and communities. Formed by the historic merger of equals of BB&T and SunTrust, Truist has leading market share in many high-growth markets in the country.