Truist Financial Corporation Q2 Profit Decreases, But Beats Estimates

(RTTNews) - Truist Financial Corporation (TFC) revealed earnings for second quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $826 million, or $0.62 per share. This compares with $1.23 billion, or $0.92 per share, in last year's second quarter.

Excluding items, Truist Financial Corporation reported adjusted earnings of $1.24 billion or $0.91 per share for the period.

Analysts on average had expected the company to earn $0.82 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Truist Financial Corporation earnings at a glance (GAAP) :

-Earnings (Q2): $826 Mln. vs. $1.23 Bln. last year. -EPS (Q2): $0.62 vs. $0.92 last year.