Truist Financial reports Q1 EPS $1.05, consensus $1.14

Reports Q1 CET1 capital ratio 19.1%. Reports Q1 ROCE 10.1%. Reports Q1 ROTCE 24.1%. Reports Q1 tangible book value per share $19.45. "In a challenging and unique quarter for the banking industry, Truist demonstrated strength and leadership that reflects our diverse business model, granular and relationship-oriented deposit base, and strong capital and liquidity position. We also closed on the sale of a 20% minority stake in Truist Insurance Holdings in early April, which adds approximately 30 basis points to our risk-based capital ratios and, longer term, provides strategic and financial flexibility for both Truist and TIH."