preloader icon



Apex Trader Funding - News

Truist Financial Reports Mixed Q1 Earnings, Expects Further Decline In Annual Revenues

Truist Financial Corporation (NYSE:TFC) reported first-quarter adjusted EPS of 90 cents, beating the consensus of 80 cents, down from $1.05 a year ago. Revenues decreased to $4.87 billion from $5.34 billion a year ago, missing the consensus of $5.7 billion. Net interest income declined 4.2% due to lower earning assets and higher funding costs; net interest margin was down seven basis points. Noninterest income was up 6.1% due to higher investment banking and trading income, partially offset by lower lending-related fees. Average loans and leases Held for investment (HFI) decreased by 1.3% ...