Truist Financial reports Q1 adjusted EPS 90c, consensus 80c

Reports Q1 revenue $4.87B, consensus $5.7B. Reports Q1 CET1 capital ratio 10.1%. Reports Q1 net charge-offs .64%. The company said, “We are pleased with the progress and momentum of our business in the first quarter. Our expense discipline was evident and reflects important decisions we made last year. Investments we have made in our investment banking business resulted in strong performance in improving markets. Loan demand was muted and deposit costs continue to be under pressure.”