Truist Financial Corporation provided revenue guidance for the first quarter and full year 2023. For the first quarter, the company expects revenues to decline 2% to 3% relative to Fourth Quarter 2022, primarily driven by 2 fewer days impacting net interest income in addition to typical seasonal patterns in investment banking, card and payments and service charges, amongst other factors.

For the full year 2023, the company expects revenues to increase 7% to 9%, driven largely by strong net interest income growth and modestly improving fees.