Truist Financial reports Q4 adjusted EPS $1.30, consensus $1.28

Reports Q4 revenue $6.21B, consensus $6.16B. Net interest margin was 3.25%, up 13 basis points from third quarter 2022 and up 49 basis points from fourth quarter 2021. Core net interest margin was 3.17%, up 15 basis points from third quarter 2022, and 62 basis points from fourth quarter 2021, driven by higher market interest rates coupled with well controlled deposit costs.