Strong Net Income
Truist reported net income available to common shareholders of $1.3 billion, or $1.04 per share, reflecting strong performance in the third quarter.
Loan and Deposit Growth
Average loan balances increased by 2.5% quarter-over-quarter, with average deposit balances showing improvement excluding certain M&A-related withdrawals.
Non-Interest Income Surge
Adjusted non-interest income increased by 9.9% quarter-over-quarter, driven by strong investment banking and trading income, as well as wealth management income.
Strong Capital Return
Truist returned $1.2 billion to shareholders through dividends and the repurchase of $500 million of common stock.
Strategic Growth Initiatives
The company is investing in 100 new branches and enhancing digital capabilities to drive growth in key markets.