RTTNews | Jan 21, 2021 05:56AM EST

05:56 Thursday, January 21, 2021 (RTTNews.com) - Truist Financial Corporation (TFC) revealed a profit for its fourth quarter that increased from the same period last year.

The company's bottom line totaled $1.23 billion, or $0.90 per share. This compares with $0.70 billion, or $0.75 per share, in last year's fourth quarter.

Excluding items, Truist Financial Corporation reported adjusted earnings of $1.6 billion or $1.18 per share for the period.

The company's revenue for the quarter rose 55.6% to $5.65 billion from $3.63 billion last year.

Truist Financial Corporation earnings at a glance:

-Revenue (Q4): $5.65 Bln vs. $3.63 Bln last year.

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