Financial services company Truist Financial Corp (NYSE: TFC) announced operating results for the second quarter of 2024.
Net income available to common shareholders was $826 million or $0.62 per share in Q2, compared to $1.23 billion or $0.93 per share in the year-ago quarterSecond-quarter adjusted earnings edged down to $0.91 per share from $0.92 per share in the same period last yearTotal revenues decreased year-over-year due primarily to securities losses; adjusted revenues were up 3% year-over-year due to higher net interest incomeNet interest income decreased 2% from last year to $3.58 billion during the three monthsNoninterest expense rose modestly to $3.09 billion in Q2 from $3.05 billion a year earlier
The post Earnings Summary: Highlights of Truist Financial Corp’s Q2 2024 results first appeared on AlphaStreet.
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