Market Updates
Trusit Financial Net Interest Margin Falls
Scott Peters
20 Apr, 2022
New York City
Truist Financial Corporation said first quarter 2022 revenues declined 2.9% to $5.4 billion, net income declined 7% to $1.32 billion, diluted earnings per share increased to 99 cents from 98 cents a year ago. Total non-performing assets edged slightly lower to $1.14 billion and total loans 30-89 past due days increased 19% to $2.1 billion. Return on average assets declined to 1.07% from 1.17% and net interest margin fell to 2.76% from 3.01%.
Annual Returns
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Earnings
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