Truist Financial Reports Q1 2025 Earnings, Net Income $1.2 Billion

Truist Financial Corporation reported first quarter 2025 net income of $1.2 billion, or $0.87 per share, slightly surpassing analyst expectations of $0.86 per share and marking an increase from last year. Total revenue was $4.95 billion, matching consensus estimates but representing a 3.2% decline from the previous quarter, attributed to decreases in both net interest and noninterest income. Net interest margin declined by six basis points, while noninterest income fell by 5.3%, partly due to lower other income, though mortgage banking income rose year-over-year. Despite these challenges, the bank grew average loans and leases by 1.1% and average deposits by 0.6%. Truist's asset quality remained stable, with only a minor uptick in nonperforming loans, and its capital and liquidity ratios stayed robust. The company also repurchased $500 million in common shares this quarter and maintained a strong dividend payout.