(Il Sole 24 Ore Radiocor) - Milano, 17 apr - Truist Financial said its net profit available to common shareholders was 1.38 billion dollars, or 1.09 dollars per share, in the first quarter compared to 1.16 billion, or 0.87 per share, in the same period last year.

Analysts expected earnings in the period of 1.0 dollars per share.

The North Carolina-based lender said revenue in the three months rose to 5.15 billion dollars from 4.90 billion.

Net interest income in the three months was 3.60 billion dollars from 3.51 billion a year ago.

"With continued execution against our strategic priorities, we are establishing a long-term ROTCE target of 16% to 18%.

This reflects both the progress we've made thus far and our confidence in the durability and scalability of our.

strategy," CEO and chairman Bill Rogers said.

(RADIOCOR) 17-04-26 17:15:55 (0549) 5 NNNN