Capital AllocationManagement expects a 230 basis point boost to CET1 from the TIH sale, contributing significantly to tangible book value per share, showing strong capital and liquidity optionality.
Earnings PerformanceTruist Financial-TFC shares outperformed peers with a core EPS of $0.93, beating estimates due to higher PPNR and stronger fees, such as investment banking which increased by 24% year-over-year.
Strategic InitiativesThe sale of TFC's insurance unit provides a stronger balance sheet position with greater optionality, and the transaction is expected to be accretive to the company's financial health.