Truist Financial Corporation (NYSE:TFC) Morgan Stanley US Financials Conference Call June 11, 2025 9:45 AM ET
Company Participants
William Henry Rogers – Executive Chairman & CEO
Conference Call Participants
Betsy Lynn Graseck – Morgan Stanley, Research Division
Betsy Lynn Graseck
Okay. Thanks, everybody, for joining us this morning. I have to read a disclosure. For important disclosures, please see Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures. And if you have any questions, please reach out to your sales representative. We are so delighted to have with us today, Bill Rogers, Chairman and CEO of Truist. Thank you, Bill, so much for joining us today.
William Henry Rogers
Great to be here.
Betsy Lynn Graseck
And I see you are in Truist colors as well.
William Henry Rogers
I’m always branded.
Question-and-Answer Session
Betsy Lynn Graseck
That’s fantastic. Love it. So let’s start off with the macro. And Bill, you started off this year with momentum in loans and deposit increasing in the fourth quarter, and that continued into 1Q. Given some of the obvious market volatility that we’ve been experiencing since April, can you tell us what you’re hearing, seeing from clients? And how are they dealing with the uncertainties out there?
William Henry Rogers
Yes. So just think about it in the last — since that first question, how much that’s changed in the last couple of months. I think most clients are — have still a little bit of wait and see, sort of plans to expand, see opportunities to expand, want a little more clarity. But in fairness, probably there’s a little more clarity every day. So that bridge seems to be closing.
The consumer is still in the game. The consumer’s confidence is as exhibited by spending continues to be strong. And then what we’re seeing the things
