CHARLOTTE, N.C. Truist Financial Corporation has reported earnings for the first quarter of 2021.
Net income available to common shareholders was $1.3 billion, up 35.3 percent, compared to the first quarter last year. Earnings per diluted common share were 98 cents, an increase of 34.2 percent compared with the same period last year. Results for the first quarter produced an annualized return on average assets of 1.17 percent, an annualized return on average common shareholders’ equity of 8.69 percent and an annualized return on tangible common shareholders’ equity of 16.40 percent.
Adjusted net income available to common shareholders was $1.6 billion, or $1.18 per diluted share, excluding merger-related and restructuring charges of $141 million ($108 million after-tax), incremental operating expenses related to the merger of $175 million ($134 million after-tax) and an acceleration of loss recognition related to certain terminated cash flow hedges of $36 million ($28 million
Truist stellt die Ergebnisse des ersten Quartals 2021 vor prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Truist Reports First Quarter 2021 Results
Earnings of $1.3 billion, or $0.98 per diluted share
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CHARLOTTE, N.C., April 15, 2021 /PRNewswire/ Truist Financial Corporation (NYSE: TFC) today reported earnings for the first quarter of 2021.
Net income available to common shareholders was $1.3 billion, up 35.3 percent, compared to the first quarter last year. Earnings per diluted common share were $0.98, an increase of 34.2 percent compared with the same period last year. Results for the first quarter produced an annualized return on average assets (ROA) of 1.17 percent, an annualized return on average common shareholders equity (ROCE) of 8.69 percent and an annualized return on tangible common shareholders equity (ROTCE) of 16.40 percent.
2021 Hyundai LGBTQ Partnership Announced
nd Annual GLAAD Media Awards and 2021 Outfest Fusion QTBIPOC Film Festival.
âAt Hyundai, we place a high value on inclusion and diversity and are proud to partner with organizations that fight for LGBTQ rights every day,â said Angela Zepeda, CMO, Hyundai Motor America. âIt is important for us to support this community from both a consumer and employee perspective. Hyundai has achieved a 100 percent score in the Human Rights Campaign Foundationâs Corporate Equality Index for five consecutive years.â
Lauren Neal, 2020 Hyundai Emerging Director award winner, and Canyon Road Films, an LGBTQ-owned production company, worked with Hyundai to develop the commercialÂ
Operator
Greetings, ladies and gentlemen, and welcome to the Truist Financial Corporation First Quarter 2021 Earnings Conference. As a reminder, this event is being recorded.
It is now my pleasure to introduce your host, Alan Greer of Investor Relations.
Alan Greer
Investor Relations Officer
Thank you, Katie, and good morning, everyone. We appreciate you joining our call today. We have our Chairman and Chief Executive Officer, Kelly King; President and COO, Bill Rogers; and CFO, Daryl Bible, who will highlight a number of strategic priorities and discuss Truist s first quarter 21 results. Chris Henson, Head of Banking and Insurance; and Clarke Starnes, our Chief Risk Officer, will also participate in the Q&A portion of our call.