Truist Financial Corporation

First Quarter Results: Truist reported a net income of $1.2 billion (or $0.87 per share) for Q1 2025, stable compaired to previous quarters, despite a linked quarter revenue decline of 3.2% due to lower net interest income and a decrease in non-interest income.

Revenue Outlook Revision: The revenue growth forecast for 2025 has been lowered to 1.5%-2.5% from a previous expectation of 3%-3.5%, primarily driven by a flat outlook for investment banking revenue, lower trading income due to volatility, and a decline in wealth management income correlated with market conditions.

Loan Growth Stability: Average loans held for investment increased by 1.1% linked quarter, with robust demand noted particularly in consumer loans (1.3% growth) and commercial loans (1% growth). However, there are concerns about the potential for slower loan growth due to external economic factors.