Shares of Truist Financial (TFC) advanced Monday as the financial services provider posted a quarterᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚly profit beat, but warned about revenue the rest of the y🧸ear.

Truist reported first-quarter adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $0.90, beating estimates, but revenue dropped 8.8% to $4.87 billion, short of forecasts.

Truist’s 澳洲幸运5开奖号码历史查询:net interest income declined 4.2% to $3.43 billion, missing expectations, and net income margin slid 7 澳洲幸运5开奖号码历史查询:basis points (bps). The bank blamed “lower earning assets and higher funding costs.” However, noninterest income jumped 6.1% to $1.45 billion on higher investment banking and tradin♔g income.

The company also paid $75 million in a special assessment by the 澳洲幸运5开奖号码历史查询:Federal Deposit Insura𒉰nce Corporation (FDIC) to help pa✃y the costs of the federal takeover of💧 failed banks. 

澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO🌸) Bill Rogers explainꦿed that Truist faced muted loan demand while deposit costs continued to rise. 

The company predicted full-year taxable-equivalent reveꦺnue to fall 4% to 5%, down fro🍸m its previous outlook of a dip of 1% to 3%.

Truist Financial shares were up 1.9% to $37.50 as of 11:13 a.m. ET Monday.