Truist's per-share profit rose 37 percent to $1.23 in the second quarter

Truist's diluted earnings per share reached $1.23 in the second quarter, up 37 percent from $0.90 a year earlier. Net income available to common shareholders was $1.52bn. Total revenue rose to $5.27bn from $4.99bn a year earlier, driven by noninterest income of $1.64bn as investment banking, trading and wealth management all improved from a weaker prior year. Net interest income was $3.62bn and the net interest margin narrowed to 2.98 percent, from 3.02 percent. Average loans grew to $332bn and average deposits to $405bn. The net charge-off ratio fell to 0.50 percent, from 0.61 percent in the first quarter. Return on common equity was 10.4 percent. The bank returned $1.8bn to shareholders through dividends and repurchases. Figures are from the earnings release filed with the SEC.