Truist Financial Corporation, the sixth largest U.S. bank holding company, reported third-quarter earnings on Thursday that outpaced Wall Street’s expectations.

The bank reported adjusted earnings per share of 97 cents, topping expectations of 89 cents. Revenue for the quarter came in at $5.6 billion, ahead of estimates of $5.44 billion.

In the management commentary, CEO Kelly S. King said the company exhibited “strong performance,” particularly from wealth management, investment banking, retail banking and insurance, despite the hardships which have continued throughout the COVID-19 era.

“Our earnings reflect a modest build in our allowance for loan and lease losses, benefiting from our relatively stable asset quality,” King said in the report.

During the quarter, the company carved out $421 million for credit loss provisions, versus $844 million in the prior quarter.

Shares of Truist Financial Corporation (TFC) closed down 0.28 percent, or 12 cents, at $42.11 per share.