Truist Financial 3Q26 业绩：调整后 EPS $1.16 超预期但 GAAP 仅 $0.56，盘前冲高回落约 2%

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________
Form
8-K
Current Report
_____________________________________________
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
October 16, 2026
Date of Report (Date of earliest event reported)
Truist Financial Corporation
(Exact name of registrant as specified in its charter)
_____________________________________________
North Carolina
1-10853
56-0939887
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
214 North Tryon Street
Charlotte,
North Carolina
28202
(Address of principal executive offices)
(Zip Code)
(
844
)
487-8478
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
_____________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $5 par value
TFC
New York Stock Exchange
Depositary Shares each representing 1/4,000th interest in a share of Series I Perpetual Preferred Stock
TFC.PI
New York Stock Exchange
5.853% Fixed-to-Floating Rate Normal Preferred Purchase Securities each representing 1/100th interest in a share of Series J Perpetual Preferred Stock
TFC.PJ
New York Stock Exchange
Depositary Shares each representing 1/1,000th interest in a share of Series O Non-Cumulative Perpetual Preferred Stock
TFC.PO
New York Stock Exchange
Depositary Shares each representing 1/1,000th interest in a share of Series R Non-Cumulative Perpetual Preferred Stock
TFC.PR
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ((17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 ((17 CFR 240.12b-2).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
¨
ITEM 2.02    Results of Operations and Financial Condition.
On October 16, 2026, Truist Financial Corporation (“Truist”) issued a press release announcing its reporting of third quarter 2026 results and posted on its website its third quarter 2026 Earnings Release, Quarterly Performance Summary, and Earnings Release Presentation. The materials contain forward-looking statements regarding Truist and include cautionary language identifying important factors that could cause actual results to differ materially from those anticipated.
The information included in Exhibits 99.1 and 99.2, other than the quotation under the heading “CEO Commentary” on page 1 of Exhibit 99.1, shall be deemed “filed” for purposes of the Securities Exchange Act of 1934 (“Exchange Act”). The (i) quotation under the heading “CEO Commentary” on page 1 of Exhibit 99.1 and (ii) the Earnings Release Presentation included as Exhibit 99.3 are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that section. Such quotation and Presentation will not be deemed incorporated by reference into another filing under the Exchange Act or Securities Act of 1933, except as otherwise expressly stated in such subsequent filing.
All information in the Earnings Release, Quarterly Performance Summary, and Earnings Release Presentation speaks as of the date thereof, and Truist does not assume any obligation to update such information in the future.
ITEM 9.01    Financial Statements and Exhibits.
(d)    Exhibits.
Exhibit No.
Description
99.1
Earnings Release issued October 16, 2026.
99.2
Quarterly Performance Summary issued October 16, 2026.
99.3
Earnings Release Presentation issued October 16, 2026.
104
The cover page from this Current Report on Form 8-K, formatted in Inline XBRL
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TRUIST FINANCIAL CORPORATION
(Registrant)
By:
/s/ Cynthia B. Powell
Cynthia B. Powell
Executive Vice President and Corporate Controller
(Principal Accounting Officer)
Date: October 16, 2026

----- ex991-3q26.htm -----
EX-99.1
2
ex991-3q26.htm
EX-99.1
Document
`
News Release
Truist reports third quarter 2026 results
Solid 3Q26 results; simplifying and reallocating resources to drive stronger growth, profitability, and returns
Diluted EPS of $0.56; adjusted diluted EPS
(1)
of $1.16, up 12% compared to 3Q25
3Q26 Key Financial Data
3Q26 Performance Highlights
(3)
(Dollars in billions, except per share data)
3Q26
2Q26
3Q25
Summary Income Statement
Net interest income
$
3.66
$
3.62
$
3.63
Net interest income - TE
(1)
3.71
3.67
3.68
Noninterest income
0.08
1.64
1.56
Total revenue
3.75
5.27
5.19
Total revenue - TE
(1)
3.79
5.31
5.24
Noninterest expense
3.11
3.06
3.01
Net income
0.80
1.55
1.45
Net income available to common shareholders
0.68
1.52
1.35
Adjusted net income available to common shareholders
(1)
1.42
1.52
1.35
PPNR
(1)
0.69
2.26
2.22
Adjusted PPNR
(1)
2.24
2.26
2.22
Key Metrics
Diluted EPS
$
0.56
$
1.23
$
1.04
Adjusted diluted EPS
(1)
1.16
1.23
1.04
BVPS
46.78
48.04
46.70
TBVPS
(1)
31.90
33.40
32.57
ROCE
4.7
%
10.4
%
9.0
%
ROTCE
(1)
7.2
15.4
13.6
Adjusted ROTCE
(1)
14.6
15.4
13.6
Efficiency ratio
82.9
58.0
58.1
NIM - TE
(1)
3.00
2.98
3.01
NCO ratio
0.77
0.50
0.48
ALLL ratio
1.25
1.51
1.54
CET1 ratio
(2)
10.7
10.9
11.0
Average Balances
Assets
$
550
$
550
$
542
Securities
118
118
119
Loans and leases
329
332
322
Deposits
411
405
397
Amounts may not foot due to rounding.
(1)
Represents a non-GAAP measure. For additional details, see the “Non-GAAP Financial Information” section of this release and reconciliations of non-GAAP measures to the most directly comparable GAAP measures included in this release or Truist’s Third Quarter 2026 Quarterly Performance Summary.
(2)
Current quarter capital ratios are preliminary.
(3)
This section summarizes changes from third quarter of 2026 compared to second quarter of 2026, unless otherwise noted.
•
Third quarter results reflect the completion of the Regional Acceptance Corporation (RAC) loan sale and the subsequent AFS securities repositioning
•
Signed an agreement on October 14, 2026, to sell $7.7 billion of unsecured consumer loans representing substantially all assets of LightStream, our unsecured lending platform, to Carlyle Group Inc.
•
Adjusted net income available to common shareholders
(1)
of $1.4 billion, resulting in adjusted diluted EPS
(1)
of $1.16 per share and adjusted ROTCE
(1)
of 14.6%, which excludes:
◦
$1.4 billion pre-tax, or $0.90 per share, loss on the sale of AFS securities
◦
$581 million pre-tax, or $0.36 per share, loan loss reserve recapture and $106 million pre-tax, or $0.06 per share, of impacts associated with the RAC loan sale
•
Adjusted revenue - TE
(1)
of $5.3 billion was stable
◦
Net interest income - TE
(1)
increased 1.1%; NIM - TE
(1)
was up two basis points
◦
Noninterest income was impacted by losses on the RAC loan sale and the AFS securities repositioning, partially offset by record quarterly income for wealth management
•
Noninterest expense, excluding $40 million of RAC loan sale costs, was stable
•
End of period loans and leases HFI were $323.9 billion, down $5.9 billion, $5.5 billion of which was due to the RAC loan sale
•
End of period deposits were $413.2 billion, up $3.9 billion, or 0.9%
•
Asset quality improved as a result of the RAC loan sale
◦
NCO ratio of 77 basis points, which includes 39 basis points related to RAC
◦
Nonperforming loans to total loans HFI were 0.40%, down 11 basis points
◦
ALLL ratio of 1.25% declined 26 basis points
◦
Ratio of ALLL to nonperforming loans and leases HFI of 3.1x
CEO Commentary
“Since joining Truist, I’ve become even more confident in the strength of our franchise and the significant opportunities ahead. We delivered a solid quarter while also taking decisive actions to better position Truist for the future. These actions strengthen our risk, liquidity, and funding profile and create greater capacity to invest in our best businesses. We’re simplifying the company and focusing our resources, capital, and expenses on the businesses and capabilities that will help us become the most important financial partner to our clients. Looking ahead, we remain confident in our ability to deliver against our near- and long-term ROTCE targets and will work to build a more focused company positioned to deliver sustainable growth and stronger returns for shareholders.”
— Mike Lyons, Truist President & CEO
`
Contact:
Investors:
Brad Milsaps
investors@truist.com
Media:
Kyle Tarrance
media@truist.com
Net Interest Income, Net Interest Margin, and Average Balances
Quarter Ended
Change
(Dollars in millions)
3Q26
2Q26
3Q25
Link Quarter
Like Quarter
Interest income
$
6,030
$
5,967
$
6,286
$
63
1.1
%
$
(256)
(4.1)
%
Plus: TE adjustment
(1)
44
46
51
(2)
(4.3)
(7)
(13.7)
Interest income - TE
(1)
6,074
6,013
6,337
61
1.0
(263)
(4.2)
Interest expense
2,367
2,346
2,657
21
0.9
(290)
(10.9)
Net interest income - TE
(1)
$
3,707
$
3,667
$
3,680
$
40
1.1
$
27
0.7
NIM - TE
(1)
3.00
%
2.98
%
3.01
%
2 bps
(1) bp
Average Balances
(2)
Total earning assets
$
491,430
$
492,461
$
486,006
$
(1,031)
(0.2)
%
$
5,424
1.1
%
Total interest-bearing liabilities
371,474
370,782
359,103
692
0.2
12,371
3.4
Yields / Rates
(1)
Total earning assets
4.91
%
4.89
%
5.18
%
2 bps
(27) bps
Total interest-bearing liabilities
2.53
2.54
2.94
(1) bp
(41) bps
(1)
Amounts related to interest income and yields are on a TE basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends. A reconciliation of net interest income - TE to net interest income is included within the table above. NIM – TE is calculated using net interest income on a TE basis to determine the total yield on interest-earning assets.
(2)
Represents daily average balances. Unrealized gains and losses on AFS securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.
Taxable-equivalent net interest income was up $40 million, or 1.1%, compared to the second quarter of 2026, driven by an additional day and fixed asset and liability repricing, partially offset by lower loan balances. NIM - TE was 3.00%, up two basis points compared to the second quarter of 2026.
•
Average earning assets decreased $1.0 billion, or 0.2%, primarily due to a decrease in average total loans of $2.3 billion, or 0.7%, partially offset by an increase in other earning assets of $1.2 billion, or 3.4%.
•
The yield on the average total loan portfolio was 5.71%, up three basis points. The yield on the average securities portfolio was 3.03%, up seven basis points.
•
Average deposits increased $5.8 billion, or 1.4%, average short-term borrowings decreased $10.3 billion, or 36%, and average long-term debt increased $4.5 billion, or 11%.
•
The average cost of total deposits was 1.59%, up three basis points. The average cost of short-term borrowings was 3.96%, down one basis point. The average cost of long-term debt was 4.73%, down four basis points.
Taxable-equivalent net interest income was up $27 million, or 0.7%, compared to the third quarter of 2025, primarily driven by fixed asset and liability repricing, higher client deposit balances, and higher loan balances, partially offset by lower loan spreads and unfavorable deposit mix. NIM - TE was 3.00%, stable compared to the third quarter of 2025.
•
Average earning assets increased $5.4 billion, or 1.1%, primarily due to an increase in average total loans of $7.4 billion, or 2.3%.
•
The yield on the average total loan portfolio was 5.71%, down 29 basis points. The yield on the average securities portfolio was 3.03%, down 13 basis points.
•
Average deposits increased $14.1 billion, or 3.6%, average short-term borrowings decreased $8.2 billion, or 31%, and average long-term debt increased $3.7 billion, or 8.9%.
•
The average cost of total deposits was 1.59%, down 25 basis points. The average cost of short-term borrowings was 3.96%, down 46 basis points. The average cost of long-term debt was 4.73%, down 31 basis points.
- 2 -
Noninterest Income
Quarter Ended
Change
(Dollars in millions)
3Q26
2Q26
3Q25
Link Quarter
Like Quarter
Wealth management income
$
407
$
375
$
374
$
32
8.5
%
$
33
8.8
%
Card and treasury management fees
347
353
340
(6)
(1.7)
7
2.1
Investment banking and trading income
324
352
323
(28)
(8.0)
1
0.3
Other deposit revenue
125
120
125
5
4.2
—
—
Mortgage banking income
113
116
118
(3)
(2.6)
(5)
(4.2)
Lending related fees
120
120
103
—
—
17
16.5
Securities gains (losses)
(1,447)
—
—
(1,447)
NM
(1,447)
NM
Other income
95
208
175
(113)
(54.3)
(80)
(45.7)
Total noninterest income
$
84
$
1,644
$
1,558
$
(1,560)
(94.9)
$
(1,474)
(94.6)
Securities losses
1,447
—
—
Loss on RAC loan sale
66
—
—
Adjusted noninterest income
(1)
$
1,597
$
1,644
$
1,558
$
(47)
(2.9)
%
$
39
2.5
%
(1)
Adjusted noninterest income is a non-GAAP measure that excludes selected items. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.
Noninterest income was down $1.6 billion compared to the second quarter of 2026, and down $1.5 billion compared to the third quarter of 2025. The third quarter of 2026 included losses from AFS securities sales of $1.4 billion and losses associated with the RAC loan sale of $66 million (other income). For both periods:
•
Wealth management income increased primarily reflecting favorable market performance.
•
Other income decreased primarily due to the losses associated with the RAC loan sale and lower returns from investments held for post-retirement benefits (which were offset by lower personnel expense).
Investment banking and trading income decreased compared to the second quarter of 2026, primarily due to lower trading income.
Noninterest Expense
Quarter Ended
Change
(Dollars in millions)
3Q26
2Q26
3Q25
Link Quarter
Like Quarter
Personnel expense
$
1,853
$
1,792
$
1,748
$
61
3.4
%
$
105
6.0
%
Professional fees and outside processing
365
335
346
30
9.0
19
5.5
Software expense
254
239
233
15
6.3
21
9.0
Net occupancy expense
180
171
185
9
5.3
(5)
(2.7)
Equipment expense
77
79
90
(2)
(2.5)
(13)
(14.4)
Marketing and customer development
83
91
79
(8)
(8.8)
4
5.1
Amortization of intangibles
62
63
72
(1)
(1.6)
(10)
(13.9)
Regulatory costs
61
61
32
—
—
29
90.6
Other expense
170
224
229
(54)
(24.1)
(59)
(25.8)
Total noninterest expense
$
3,105
$
3,055
$
3,014
$
50
1.6
$
91
3.0
RAC loan sale cost
(40)
—
—
Adjusted noninterest expense
(1)
$
3,065
$
3,055
$
3,014
$
10
0.3
%
$
51
1.7
%
(1)
Adjusted noninterest expense is a non-GAAP measure that excludes selected items. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.
Noninterest expense was up $50 million compared to the second quarter of 2026, and up $91 million compared to the third quarter of 2025. Noninterest expense was stable compared to the second quarter of 2026, excluding $40 million of RAC loan sale costs. For both periods:
•
Personnel expense increased primarily due to higher employee benefit expenses, including costs associated with the RAC loan sale, partially offset by lower post-retirement benefit expense (which was offset by lower other income). Additionally, higher incentive expense related to revenue generating businesses contributed to the increase in personnel expense compared to the third quarter of 2025.
•
Professional fees and outside processing expense increased primarily due to continued investment in technology infrastructure.
•
Other expense decreased primarily driven by adjustments to non-fraud operating loss accruals.
- 3 -
Provision for Income Taxes
Quarter Ended
Change
(Dollars in millions)
3Q26
2Q26
3Q25
Link Quarter
Like Quarter
Provision for income taxes
$
96
$
262
$
285
$
(166)
(63.4)%
$
(189)
(66.3)%
Effective tax rate
10.7
%
14.4
%
16.4
%
(370) bps
(570) bps
The lower effective tax rate for the third quarter of 2026 compared to the second quarter of 2026 and the third quarter of 2025 was primarily driven by lower income before tax resulting from the AFS securities repositioning, which increased the relative benefit of tax credits and other tax-advantaged items on the effective tax rate.
Average Loans and Leases
(Dollars in millions)
3Q26
2Q26
Change
% Change
Commercial:
Commercial and industrial
$
165,989
$
168,817
$
(2,828)
(1.7)
%
CRE
25,493
24,938
555
2.2
Commercial construction
7,515
7,455
60
0.8
Total commercial
198,997
201,210
(2,213)
(1.1)
Consumer:
Residential mortgage
57,286
56,342
944
1.7
Home equity
9,663
9,656
7
0.1
Indirect auto
21,406
24,430
(3,024)
(12.4)
Other consumer
33,360
32,661
699
2.1
Total consumer
121,715
123,089
(1,374)
(1.1)
Credit card
4,811
4,863
(52)
(1.1)
Total loans and leases held for investment
$
325,523
$
329,162
$
(3,639)
(1.1)
Average loans and leases HFI were $325.5 billion, a decrease of $3.6 billion, or 1.1%, compared to the second quarter of 2026.
•
Average commercial loans decreased 1.1% primarily due to a decrease in the commercial and industrial portfolio.
•
Average consumer loans decreased 1.1% primarily due to a decline in the indirect auto portfolio which was impacted by the RAC loan sale, partially offset by an increase in the residential mortgage portfolio.
End of period loans and leases HFI were $323.9 billion, down $5.9 billion, or 1.8%, compared to June 30, 2026, primarily due to the RAC loan sale in the third quarter of 2026 and a decline in the commercial and industrial portfolio, partially offset by an increase in the residential mortgage portfolio.
Average Deposits
(Dollars in millions)
3Q26
2Q26
Change
% Change
Noninterest-bearing deposits
$
102,954
$
103,620
$
(666)
(0.6)
%
Interest checking
131,507
123,556
7,951
6.4
Money market and savings
137,166
136,423
743
0.5
Time deposits
39,072
41,270
(2,198)
(5.3)
Total deposits
$
410,699
$
404,869
$
5,830
1.4
Average deposits for the third quarter of 2026 were $410.7 billion, up $5.8 billion, or 1.4%, compared to the second quarter of 2026, driven by an increase in interest checking. Average noninterest-bearing deposits decreased 0.6% compared to the second quarter of 2026 and represented 25.1% of total deposits for the third quarter of 2026 and 25.6% for the second quarter of 2026.
End of period deposits were $413.2 billion, up $3.9 billion, or 0.9%, compared to June 30, 2026, primarily due to an increase in interest checking deposits, partially offset by a decline in time deposits and noninterest-bearing deposits.
- 4 -
Capital Ratios
3Q26
2Q26
1Q26
4Q25
3Q25
Risk-based:
(preliminary)
CET1
10.7
%
10.9
%
10.8
%
10.8
%
11.0
%
Tier 1
12.0
12.2
11.9
11.9
12.3
Total
13.6
14.0
13.7
13.8
14.2
Leverage
9.6
9.8
9.9
10.0
10.2
Supplementary leverage
8.0
8.2
8.3
8.3
8.5
Capital ratios remain strong relative to the regulatory requirements for well-capitalized banks. Truist’s CET1 ratio was 10.7% as of September 30, 2026, down 20 basis points compared to June 30, 2026, primarily due to capital returned to shareholders and the repositioning of the AFS securities portfolio, partially offset by current quarter earnings and benefits from the RAC loan sale.
Truist declared common dividends of $0.52 per share during the third quarter of 2026 and repurchased $1.2 billion of common stock.
Truist’s average consolidated LCR was 110% for the three months ended September 30, 2026, compared to the regulatory minimum of 100%.
- 5 -
Asset Quality
(Dollars in millions)
3Q26
2Q26
1Q26
4Q25
3Q25
Total nonperforming assets
$
1,338
$
1,748
$
1,785
$
1,633
$
1,629
Total loans 90 days or more past due and still accruing
703
698
760
684
584
Total loans 30-89 days past due and still accruing
1,512
1,774
1,743
1,980
1,743
Nonperforming loans and leases as a percentage of loans and leases HFI
0.40
%
0.51
%
0.50
%
0.48
%
0.48
%
Loans 90 days or more past due and still accruing as a percentage of loans and leases HFI
0.22
0.21
0.23
0.21
0.18
Loans 90 days or more past due and still accruing as a percentage of loans and leases HFI, excluding government guaranteed loans
0.04
0.04
0.05
0.05
0.05
Loans 30-89 days past due and still accruing as a percentage of loans and leases HFI
0.47
0.54
0.53
0.60
0.54
ALLL as a percentage of loans and leases HFI
1.25
1.51
1.53
1.53
1.54
Ratio of ALLL to NCO (annualized)
(1)
1.6x
3.0x
2.5x
2.7x
3.3x
Ratio of ALLL to nonperforming loans and leases HFI
3.1x
2.9x
3.1x
3.2x
3.2x
(1)
Includes $251 million of net charge-offs upon the transfer of RAC loans to LHFS in the third quarter of 2026. Additionally includes $66 million of net charge-offs prior to their transfer to LHFS, for the three months ended September 30, 2026.
Nonperforming assets totaled $1.3 billion at September 30, 2026, down $410 million compared to June 30, 2026, primarily due to the RAC loan sale, partially offset by an increase in the commercial and industrial portfolio. Nonperforming loans and leases were 0.40% of loans and leases HFI at September 30, 2026, down eleven basis points compared to June 30, 2026.
The ACL was $4.4 billion at September 30, 2026, and included $4.1 billion for the ALLL and $370 million for the reserve for unfunded commitments. The ALLL ratio at September 30, 2026 was 1.25%, down 26 basis points compared with June 30, 2026 driven by a reserve recapture related to the RAC loan sale.
Provision for Credit Losses
Quarter Ended
Change
(Dollars in millions)
3Q26
2Q26
3Q25
Link Quarter
Like Quarter
Provision (benefit) for credit losses
(1)
$
(253)
$
395
$
436
$
(648)
(164.1)
%
$
(689)
(158.0)
%
Net charge-offs
(2)
629
414
385
215
51.9
244
63.4
Net charge-offs as a percentage of average loans and leases (annualized)
0.77
%
0.50
%
0.48
%
27 bps
29 bps
(1)
Includes benefit of $581 million for the three months ended September 30, 2026 from the release of ACL following the recognition of held for sale-related charge-offs resulting from the RAC loan sale.
(2)
Includes $251 million of net charge-offs upon the transfer of RAC loans to LHFS in the third quarter of 2026. Additionally includes $66 million of net charge-offs prior to their transfer to LHFS, for the three months ended September 30, 2026.
The benefit for credit losses was $253 million for the third quarter of 2026, compared with provisions for credit losses of $395 million in the second quarter of 2026 and $436 million for the third quarter of 2025. The third quarter of 2026 reflects the benefit from the release of remaining ACL upon the transfer of RAC loans to loans held for sale.
- 6 -
Earnings Presentation and Quarterly Performance Summary
Investors can access the live third quarter 2026 earnings call at 8 a.m. ET today by webcast or dial-in as follows:
Webcast:
app.webinar.net/BAM6O91OpkL
Dial-in:
1-877-883-0383, passcode 2090022
Additional details:
The news release and presentation materials are available at
ir.truist.com
under “Events & Presentations.” A replay of the call will be available on the website for 30 days.
The presentation, including an appendix reconciling non-GAAP disclosures, and Truist’s Third Quarter 2026 Quarterly Performance Summary, which contains detailed financial schedules, are available at
https://ir.truist.com/earnings
.
About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $554 billion as of September 30, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.
#-#-#
Glossary of Defined Terms
Term
Definition
ACL
Allowance for credit losses
AFS
Available-for-sale
AI
Artificial intelligence, including machine learning
ALLL
Allowance for loan and lease losses
ATM
Automated teller machine
BVPS
Book value (common equity) per share
CEO
Chief Executive Officer
CET1
Common equity tier 1
CRE
Commercial real estate
EPS
Earnings per common share
FDIC
Federal Deposit Insurance Corporation
FHLB
Federal Home Loan Bank
GAAP
Accounting principles generally accepted in the United States of America
GSE
U.S. government-sponsored enterprise
HFI
Held for investment
HTM
Held-to-maturity
LCR
Liquidity Coverage Ratio
LHFS
Loans held for sale
Like Quarter
Third quarter of 2025
Link Quarter
Second quarter of 2026
MBS
Mortgage-backed securities
MSR
Mortgage servicing rights
NCO
Net charge-offs
NIM - TE
Net interest margin, computed on a TE basis
NM
Not meaningful
NQDCP
Non-Qualified Defined Contribution Plan
PPNR
Pre-provision net revenue
ROA
Return on average assets
ROCE
Return on average common equity
ROTCE
Return on average tangible common equity
TBVPS
Tangible book value per common share
TE
Taxable equivalent
- 7 -
Non-GAAP Financial Information
This news release contains financial information and performance measures determined by methods other than in accordance with GAAP. Truist’s management uses these “non-GAAP” measures in its analysis of Truist’s performance and the efficiency of its operations. Management believes these non-GAAP measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods, and demonstrate the effects of significant items in the current period. Truist believes a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Below is a listing of the types of non-GAAP measures used in this news release:
•
Adjusted net income available to common shareholders and adjusted diluted EPS - Adjusted net income available to common shareholders and adjusted diluted EPS are non-GAAP in that these measures exclude selected items, net of tax. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. Diluted EPS impact for individual items may not foot to difference between GAAP diluted and adjusted diluted EPS due to rounding.
•
Taxable-Equivalent Measures - Taxable-equivalent revenue, taxable-equivalent interest income, taxable-equivalent net interest income, and taxable-equivalent net interest margin include a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.
•
Adjusted revenue - Adjusted revenue includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue additionally excludes selected items. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.
•
Adjusted noninterest income and expense - Adjusted noninterest income and expense are non-GAAP measures that exclude selected items. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.
•
PPNR - PPNR is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes and includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted PPNR is a non-GAAP measure that additionally excludes selected items. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.
•
Tangible Common Equity and Related Measures - Tangible common equity, average tangible common equity, and related measures, including ROTCE, adjusted ROTCE, and TBVPS, are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes, and its related amortization. Adjusted ROTCE is a non-GAAP measure that additionally excludes other selected items. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess profitability, returns relative to balance sheet risk, and shareholder value.
Truist does not provide reconciliations for forward-looking non-GAAP financial measures because it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of Truist’s control, or cannot be reasonably predicted. For the same reasons, Truist is unable to address the probable significance of the unavailable information.
Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in this release or Truist’s Third Quarter 2026 Quarterly Performance Summary, which is available at
https://ir.truist.com/earnings
.
- 8 -
Forward-Looking Statements
From time to time we have made, and in the future will make, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “pursue,” “seek,” “continue,” “estimate,” “project,” “outlook,” “forecast,” “potential,” “target,” “objective,” “trend,” “plan,” “goal,” “initiative,” “priorities,” or other words of comparable meaning or future-tense or conditional verbs such as “may,” “will,” “should,” “would,” or “could.” Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, or results. These statements include, among other things, statements regarding Truist’s near- and long-term ROTCE targets and its confidence in its ability to deliver against those targets.
This news release, including any information incorporated by reference herein, contains forward-looking statements. We also may make forward-looking statements in other documents that are filed or furnished with the SEC. In addition, we may make forward-looking statements orally or in writing to investors, analysts, members of the media, and others. All forward-looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, and results may differ materially from those set forth in any forward-looking statement. While no list of assumptions, risks, and uncertainties could be complete, some of the factors that may cause actual results or other future events or circumstances to differ from those in forward-looking statements include:
•
changes in monetary, fiscal, and trade laws or policies, including tariffs or interest rates;
•
evolving political, geopolitical, business, social, economic, and market conditions at the local, regional, national, and international levels;
•
our ability to effectively address economic, business, or market deterioration, slowdowns or disruptions;
•
disruptions and shifts in investor sentiment or behavior in the securities, capital, or other financial markets, including financial or systemic shocks and volatility or changes in market liquidity, interest or currency rates, or valuations;
•
changes in business and consumer sentiment, preferences, or behavior, including spending, borrowing, or saving by businesses or households;
•
negative market perceptions of our investment portfolio or its value;
•
our ability to manage credit risk, including in connection with the loans that we originate or purchase;
•
the credit, liquidity, or other financial condition of our clients, counterparties, service providers, or competitors;
•
our ability to cost-effectively fund our businesses and operations, including by accessing long- and short-term funding and liquidity and by retaining and growing client deposits;
•
our ability to manage any unexpected outflows of uninsured deposits and, in such a circumstance, to access substitute funding, and avoid selling investment securities or other assets at an unfavorable time or at a loss;
•
changes in our credit ratings and the related effects on our funding costs, ability to attract or retain funding, and relationships with clients and counterparties;
•
any instability or breakdown in the financial system, including as a result of the actual or perceived soundness of another financial institution or another participant in the financial system;
•
our ability to maintain secure and functional financial, accounting, technology, data processing, or other operating systems or infrastructure, including those that safeguard personal and other sensitive information;
•
our ability to keep pace with changes in technology, including technology-driven products and services relating to AI, that affect us or our clients, counterparties, service providers, or competitors or to maintain rights or interests in associated intellectual property;
•
our ability to manage system failures or disruptions affecting operations, communications, or other systems or processes;
•
our ability to identify, assess, monitor, and mitigate physical-security and cybersecurity risks, including denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, AI-driven cyberattacks, environmental conditions, and intentional acts of destruction;
•
the performance, availability, and resilience of third-party service providers on whom we rely in delivering products and services to our clients and otherwise in conducting our business and operations;
•
the adequacy and effectiveness of our corporate governance, risk-management framework, compliance programs, and internal controls over financial reporting, including our ability to identify, assess, monitor, and mitigate risks, remediate lapses or deficiencies in financial reporting, and make appropriate estimates;
•
our ability to develop, maintain, and market our products or services and to manage risks and unanticipated costs or liabilities associated with those products or services;
•
our ability to satisfactorily and profitably perform loan servicing and similar obligations;
•
the legal, regulatory, and supervisory environment, including changes in financial services legislation, regulation, policies, or government leadership or personnel;
•
U.S. and international regulatory capital and liquidity requirements and standards and their effects on our capital and liquidity levels, ratios, buffers, and targets, and our ability to pay or increase dividends, repurchase shares, or take other capital actions;
•
our ability to address scrutiny and expectations from supervisory or other governmental authorities and to timely and credibly remediate related concerns or deficiencies;
•
judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings that create uncertainty for or are adverse to us or the financial services industry;
•
the outcomes of judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings to which we are or may be subject (either directly or indirectly through our ownership interests in other entities) and our ability to absorb and address any damages or other remedies that are sought or awarded and any collateral consequences;
•
our ability to implement strategic and operational plans, including with respect to allocating capital and resources to our highest value opportunities, becoming the most important financial partner to our clients, and executing with urgency, discipline, and accountability;
•
our ability to innovate, to anticipate the needs of current or future clients, or to make timely and effective technology investments and enhancements to meet client expectations;
•
our ability to compete successfully, to increase or maintain market share in changing competitive environments, or to address pricing or other competitive pressures, including competition from banks and nonbanks and the effects of digital assets, cryptocurrencies, stablecoins, tokenization, and other emerging products, services, and technologies relating to deposits, lending, and payments;
•
changes in our corporate and business strategies, the composition of our assets, or the way in which we fund those assets;
•
our ability to successfully make and integrate acquisitions and to effect divestitures, which may include regulatory approvals and conditions;
•
the efficacy of our methods or models in assessing business strategies or opportunities or in valuing, measuring, estimating, monitoring, or managing positions or risk;
•
evolving accounting standards and policies and related changes to interpretations;
•
damage to our brand or negative public opinion or adverse publicity affecting us, our leaders, or our service providers, including the impact on our relationships with clients, teammates, and other stakeholders;
•
our ability to attract, hire, and retain key teammates and to engage in adequate succession planning;
•
our ability to identify, assess, monitor, and mitigate the risk of fraud or misconduct by internal or external parties, including potential losses that may result;
•
policies and other actions of governments to manage and mitigate climate and related environmental risks, and the effects of climate change or the transition to a lower-carbon economy on our business, operations, and reputation;
•
natural or other disasters, calamities, and conflicts, including terrorist events, cyber-warfare, and pandemics that impact us or our clients, teammates, or service providers; and
•
other assumptions, risks, or uncertainties described in the Company’s Annual Report on Form 10-K or subsequent reports.
Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, or Current Report on Form 8-K.
- 9 -

----- ex992-qpsx3q26.htm -----
EX-99.2
3
ex992-qpsx3q26.htm
EX-99.2
Document
Quarterly Performance Summary
Truist Financial Corporation
Third Quarter 2026
Table of Contents
Quarterly Performance Summary
Truist Financial Corporation
Page
Financial Highlights
1
Consolidated Statements of Income
2
Consolidated Ending Balance Sheets
3
Average Balances and Rates
4
Credit Quality
6
Segment Financial Performance
9
Capital Information
10
Selected Mortgage Banking Information & Additional Information
11
Non-GAAP Reconciliations
12
Financial Highlights
Quarter Ended
Year-to-Date
(Dollars in millions, except per share data, shares in thousands)
Sept. 30
June 30
Sept. 30
Sept. 30
Sept. 30
2026
2026
2025
2026
2025
Summary Income Statement
Interest income
$
6,030
$
5,967
$
6,286
$
17,852
$
18,428
Plus: TE adjustment
44
46
51
135
147
Interest income - TE
(1)
6,074
6,013
6,337
17,987
18,575
Interest expense
2,367
2,346
2,657
6,969
7,705
Net interest income
3,663
3,621
3,629
10,883
10,723
Net interest income - TE
(1)
3,707
3,667
3,680
11,018
10,870
Provision (benefit) for credit losses
(253)
395
436
621
1,382
Net interest income after provision for credit losses
3,916
3,226
3,193
10,262
9,341
Noninterest income
84
1,644
1,558
3,281
4,350
Noninterest expense
3,105
3,055
3,014
9,143
8,906
Income before income taxes
895
1,815
1,737
4,400
4,785
Provision for income taxes
96
262
285
567
832
Net income
799
1,553
1,452
3,833
3,953
Preferred stock dividends and other
115
34
104
253
268
Net Income available to common shareholders
684
1,519
1,348
3,580
3,685
Adjusted net income available to common shareholders
(1)
1,423
1,519
1,348
4,319
3,699
Additional Income Statement Information
Revenue
3,747
5,265
5,187
14,164
15,073
Revenue - TE
(1)
3,791
5,311
5,238
14,299
15,220
Adjusted revenue - TE
(1)
5,304
5,311
5,238
15,812
15,239
PPNR
(1)
686
2,256
2,224
5,156
6,314
Adjusted PPNR
(1)
2,239
2,256
2,224
6,709
6,333
Key Metrics
Earnings:
Basic EPS
0.57
1.24
1.05
2.92
2.85
Diluted EPS
0.56
1.23
1.04
2.88
2.82
Adjusted EPS-diluted
(1)
1.16
1.23
1.04
3.47
2.83
Cash dividends declared per share
0.52
0.52
0.52
1.56
1.56
BVPS
46.78
48.04
46.70
TBVPS
(1)
31.90
33.40
32.57
End of period shares outstanding
1,198,488
1,221,626
1,279,246
Weighted average shares outstanding-basic
1,210,179
1,224,867
1,280,571
1,227,751
1,293,341
Weighted average shares outstanding-diluted
1,226,342
1,239,040
1,296,666
1,243,918
1,308,676
ROA
0.6
%
1.1
%
1.1
%
0.9
%
1.0
%
ROCE
4.7
10.4
9.0
8.1
8.4
ROTCE
(1)
7.2
15.4
13.6
12.2
12.8
Adjusted ROTCE
(1)
14.6
15.4
13.6
14.6
12.8
NIM - TE
(1)
3.00
2.98
3.01
3.00
3.01
Efficiency ratio
82.9
58.0
58.1
64.6
59.1
Credit Quality
Nonperforming loans and leases as a percentage of loans and leases HFI
0.40
%
0.51
%
0.48
%
NCO as a percentage of average loans and leases HFI
0.77
0.50
0.48
0.63
%
0.53
%
ALLL as a percentage of loans and leases HFI
1.25
1.51
1.54
Ratio of ALLL to nonperforming loans and leases HFI
3.1x
2.9x
3.2x
Average Balances
Assets
$
549,766
$
550,465
$
541,825
$
548,138
$
536,879
Securities at amortized cost
118,433
118,138
119,180
117,572
121,672
Loans and leases
329,458
331,749
322,070
330,062
314,533
Deposits
410,699
404,869
396,600
404,874
396,445
Common shareholders’ equity
57,899
58,616
59,141
58,791
58,535
Total shareholders’ equity
63,310
63,788
65,049
63,959
64,443
Period-End Balances
Assets
$
554,196
$
556,023
$
543,851
Securities
(2)
110,189
114,002
113,544
Securities at amortized cost
115,727
118,574
118,263
Loans and leases
325,488
332,273
325,663
Deposits
413,233
409,379
394,907
Common shareholders’ equity
56,061
58,684
59,739
Total shareholders’ equity
61,472
64,095
65,646
Capital and Liquidity Ratios
(preliminary)
Common equity tier 1
10.7
%
10.9
%
11.0
%
Tier 1
12.0
12.2
12.3
Total
13.6
14.0
14.2
Leverage
9.6
9.8
10.2
Supplementary leverage
8.0
8.2
8.5
Liquidity coverage ratio
110
113
110
Applicable ratios are annualized.
(1)
Represents a non-GAAP measure. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in the Non-GAAP Reconciliations section of this Quarterly Performance Summary or within the table above for TE measures. Net interest margin –TE is calculated using net interest income on a TE basis to determine the total yield on interest-earning assets.
(2)
Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.
- 1 -
Consolidated Statements of Income
Quarter Ended
Year-to-Date
Sept. 30
June 30
March 31
Dec. 31
Sept. 30
Sept. 30
Sept. 30
(Dollars in millions, except per share data, shares in thousands)
2026
2026
2026
2025
2025
2026
2025
Interest Income
Interest and fees on loans and leases
$
4,689
$
4,659
$
4,599
$
4,778
$
4,816
$
13,947
$
13,966
Interest on securities
897
871
849
896
941
2,617
2,877
Interest on other earning assets
444
437
407
440
529
1,288
1,585
Total interest income
6,030
5,967
5,855
6,114
6,286
17,852
18,428
Interest Expense
Interest on deposits
1,647
1,575
1,525
1,633
1,835
4,747
5,415
Interest on long-term debt
534
485
445
481
523
1,464
1,363
Interest on other borrowings
186
286
286
300
299
758
927
Total interest expense
2,367
2,346
2,256
2,414
2,657
6,969
7,705
Net Interest Income
3,663
3,621
3,599
3,700
3,629
10,883
10,723
Provision (benefit) for credit losses
(253)
395
479
512
436
621
1,382
Net Interest Income After Provision for Credit Losses
3,916
3,226
3,120
3,188
3,193
10,262
9,341
Noninterest Income
Wealth management income
407
375
370
365
374
1,152
1,066
Card and treasury management fees
347
353
338
336
340
1,038
1,024
Investment banking and trading income
324
352
372
335
323
1,048
801
Other deposit revenue
125
120
120
121
125
365
350
Mortgage banking income
113
116
133
119
118
362
333
Lending related fees
120
120
118
98
103
358
297
Securities gains (losses)
(1,447)
—
—
—
—
(1,447)
(19)
Other income
95
208
102
172
175
405
498
Total noninterest income
84
1,644
1,553
1,546
1,558
3,281
4,350
Noninterest Expense
Personnel expense
1,853
1,792
1,727
1,818
1,748
5,372
5,030
Professional fees and outside processing
365
335
313
337
346
1,013
1,083
Software expense
254
239
230
242
233
723
694
Net occupancy expense
180
171
179
176
185
530
534
Equipment expense
77
79
85
90
90
241
261
Marketing and customer development
83
91
79
63
79
253
236
Amortization of intangibles
62
63
64
70
72
189
220
Regulatory costs
61
61
68
7
32
190
156
Other expense
170
224
238
367
229
632
692
Total noninterest expense
3,105
3,055
2,983
3,170
3,014
9,143
8,906
Earnings
Income before income taxes
895
1,815
1,690
1,564
1,737
4,400
4,785
Provision for income taxes
96
262
209
210
285
567
832
Net income
799
1,553
1,481
1,354
1,452
3,833
3,953
Preferred stock dividends and other
115
34
104
65
104
253
268
Net income available to common shareholders
$
684
$
1,519
$
1,377
$
1,289
$
1,348
$
3,580
$
3,685
Earnings Per Common Share
Basic EPS
$
0.57
$
1.24
$
1.10
$
1.02
$
1.05
$
2.92
$
2.85
Diluted EPS
0.56
1.23
1.09
1.00
1.04
2.88
2.82
Weighted Average Shares Outstanding
Basic
1,210,179
1,224,867
1,248,628
1,267,341
1,280,571
1,227,751
1,293,341
Diluted
1,226,342
1,239,040
1,266,572
1,285,078
1,296,666
1,243,918
1,308,676
- 2 -
Consolidated Ending Balance Sheets - Five Quarter Trend
Sept. 30
June 30
March 31
Dec. 31
Sept. 30
(Dollars in millions)
2026
2026
2026
2025
2025
Assets
Cash and due from banks
$
4,230
$
4,707
$
4,294
$
4,967
$
4,329
Interest-bearing deposits with banks
41,242
34,581
31,903
31,410
32,523
Securities borrowed or purchased under agreements to resell
3,903
4,431
4,047
3,200
2,981
Trading assets at fair value
5,218
5,288
5,235
5,790
5,731
AFS securities at fair value
61,523
67,651
65,430
65,042
65,522
HTM securities at amortized cost
48,666
46,351
46,436
47,186
48,022
Loans and leases:
Commercial:
Commercial and industrial
167,316
168,826
169,247
167,808
163,607
CRE
25,897
25,479
24,447
23,720
22,414
Commercial construction
7,458
7,372
7,620
7,783
8,027
Consumer:
Residential mortgage
58,203
56,632
56,297
56,807
57,623
Home equity
9,687
9,677
9,633
9,719
9,618
Indirect auto
17,092
23,840
25,054
25,659
25,490
Other consumer
33,486
33,164
32,097
32,181
32,070
Credit card
4,791
4,806
4,843
4,918
4,889
Total loans and leases held for investment
323,930
329,796
329,238
328,595
323,738
Loans held for sale
1,558
2,477
2,174
1,883
1,925
Total loans and leases
325,488
332,273
331,412
330,478
325,663
Allowance for loan and lease losses
(4,063)
(4,983)
(5,026)
(5,030)
(4,988)
Premises and equipment
3,257
3,177
3,145
3,172
3,176
Goodwill
17,125
17,125
17,125
17,125
17,125
Core deposit and other intangible assets
1,067
1,130
1,192
1,256
1,328
Loan servicing rights at fair value
5,066
4,293
4,112
3,972
3,776
Other assets
41,474
39,999
39,670
38,970
38,663
Total assets
$
554,196
$
556,023
$
548,975
$
547,538
$
543,851
Liabilities
Deposits:
Noninterest-bearing deposits
$
103,325
$
104,341
$
105,460
$
105,092
$
106,197
Interest checking
137,313
130,421
123,257
117,830
109,827
Money market and savings
133,535
133,688
135,702
139,044
135,931
Time deposits
39,060
40,929
39,662
38,432
42,952
Total deposits
413,233
409,379
404,081
400,398
394,907
Short-term borrowings
12,415
26,885
27,441
27,839
29,376
Long-term debt
53,373
42,976
41,622
41,963
41,729
Other liabilities
13,703
12,688
11,617
12,149
12,193
Total liabilities
492,724
491,928
484,761
482,349
478,205
Shareholders’ Equity:
Preferred stock
5,411
5,411
4,916
4,916
5,907
Common stock
5,992
6,108
6,229
6,312
6,396
Additional paid-in capital
30,613
31,616
32,610
33,663
34,278
Retained earnings
27,728
27,676
26,796
26,067
25,438
Accumulated other comprehensive loss
(8,272)
(6,716)
(6,337)
(5,769)
(6,373)
Total shareholders’ equity
61,472
64,095
64,214
65,189
65,646
Total liabilities and shareholders’ equity
$
554,196
$
556,023
$
548,975
$
547,538
$
543,851
- 3 -
Average Balances and Rates - Quarters
Quarter Ended
September 30, 2026
June 30, 2026
March 31, 2026
December 31, 2025
September 30, 2025
(Dollars in millions)
Average Balances
(1)
Income/ Expense
(2)
Yields/ Rates
(2)
Average Balances
(1)
Income/ Expense
(2)
Yields/ Rates
(2)
Average Balances
(1)
Income/ Expense
(2)
Yields/ Rates
(2)
Average Balances
(1)
Income/ Expense
(2)
Yields/ Rates
(2)
Average Balances
(1)
Income/ Expense
(2)
Yields/ Rates
(2)
Assets
AFS and HTM securities at amortized cost:
U.S. Treasury
$
13,772
$
151
4.34
%
$
13,454
$
145
4.32
%
$
13,138
$
145
4.48
%
$
13,275
$
162
4.82
%
$
13,351
$
174
5.18
%
GSE
452
5
3.99
464
4
3.84
474
5
3.98
478
4
3.80
458
4
3.86
Agency MBS
102,259
723
2.83
103,367
717
2.78
102,089
696
2.73
103,591
727
2.81
104,998
760
2.89
States and political subdivisions
342
4
4.27
347
4
4.27
347
3
4.30
349
4
4.27
358
3
4.19
Other
1,608
15
3.83
506
3
2.12
70
—
1.65
14
—
4.42
15
1
4.50
Total securities
118,433
898
3.03
118,138
873
2.96
116,118
849
2.93
117,707
897
3.04
119,180
942
3.16
Loans and leases:
Commercial:
Commercial and industrial
165,989
2,177
5.21
168,817
2,211
5.25
166,636
2,179
5.30
163,990
2,267
5.49
162,207
2,312
5.66
CRE
25,493
366
5.63
24,938
349
5.56
24,165
339
5.64
23,205
354
5.99
21,171
336
6.25
Commercial construction
7,515
115
6.29
7,455
112
6.18
7,845
117
6.21
8,015
129
6.52
8,258
139
6.84
Consumer:
Residential mortgage
57,286
610
4.25
56,342
585
4.15
56,458
582
4.13
57,100
589
4.13
57,676
598
4.15
Home equity
9,663
170
6.99
9,656
169
7.02
9,666
167
6.99
9,679
176
7.24
9,588
182
7.51
Indirect auto
21,406
368
6.81
24,430
429
7.06
25,342
443
7.08
25,639
469
7.27
24,964
459
7.29
Other consumer
33,360
700
8.32
32,661
679
8.33
32,053
662
8.38
32,181
677
8.35
31,714
668
8.36
Credit card
4,811
134
11.07
4,863
133
10.93
4,857
129
10.79
4,956
136
10.89
4,915
146
11.74
Total loans and leases held for investment
325,523
4,640
5.66
329,162
4,667
5.68
327,022
4,618
5.71
324,765
4,797
5.87
320,493
4,840
6.00
Loans held for sale
3,935
93
9.41
2,587
35
5.54
1,950
26
5.24
1,972
28
5.64
1,577
24
6.18
Total loans and leases
329,458
4,733
5.71
331,749
4,702
5.68
328,972
4,644
5.71
326,737
4,825
5.87
322,070
4,864
6.00
Interest earning trading assets
5,341
69
5.27
5,618
75
5.32
5,807
74
5.09
6,015
82
5.38
5,991
86
5.70
Other earning assets
(3)
38,198
374
3.85
36,956
363
3.89
35,457
333
3.77
34,138
359
4.13
38,765
445
4.50
Total earning assets
491,430
6,074
4.91
492,461
6,013
4.89
486,354
5,900
4.90
484,597
6,163
5.05
486,006
6,337
5.18
Nonearning assets
58,336
58,004
57,767
57,636
55,819
Total assets
$
549,766
$
550,465
$
544,121
$
542,233
$
541,825
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking
$
131,507
747
2.25
$
123,556
652
2.12
$
120,110
619
2.09
$
112,313
618
2.18
$
109,244
677
2.46
Money market and savings
137,166
599
1.73
136,423
608
1.79
136,106
609
1.81
138,114
677
1.95
136,515
755
2.19
Time deposits
39,072
301
3.06
41,270
315
3.06
39,337
297
3.06
40,031
338
3.35
45,090
403
3.54
Total interest-bearing deposits
307,745
1,647
2.12
301,249
1,575
2.10
295,553
1,525
2.09
290,458
1,633
2.23
290,849
1,835
2.50
Short-term borrowings
18,595
186
3.96
28,893
286
3.97
30,669
286
3.78
29,128
300
4.08
26,796
299
4.42
Long-term debt
45,134
534
4.73
40,640
485
4.77
37,141
445
4.80
39,138
481
4.91
41,458
523
5.04
Total interest-bearing liabilities
371,474
2,367
2.53
370,782
2,346
2.54
363,363
2,256
2.51
358,724
2,414
2.67
359,103
2,657
2.94
Noninterest-bearing deposits
102,954
103,620
103,371
105,552
105,751
Other liabilities
12,028
12,275
12,593
12,619
11,922
Shareholders’ equity
63,310
63,788
64,794
65,338
65,049
Total liabilities and shareholders’ equity
$
549,766
$
550,465
$
544,121
$
542,233
$
541,825
Average interest-rate spread
2.38
2.35
2.39
2.38
2.24
Net interest income / net interest margin -TE
(2)
$
3,707
3.00
%
$
3,667
2.98
%
$
3,644
3.02
%
$
3,749
3.07
%
$
3,680
3.01
%
TE adjustment
(2)
44
46
45
49
51
Net interest income
$
3,663
$
3,621
$
3,599
$
3,700
$
3,629
Memo: Total deposits
$
410,699
1,647
1.59
%
$
404,869
1,575
1.56
%
$
398,924
1,525
1.55
%
$
396,010
1,633
1.64
%
$
396,600
1,835
1.84
%
(1)
Represents daily average balances. Unrealized gains and losses on AFS securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.
(2)
Amounts related to interest income and yields are on a TE basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends. A reconciliation of net interest income - TE to net interest income is included within the table above. NIM – TE is calculated using net interest income on a TE basis to determine the total yield on interest-earning assets.
(3)
Includes cash equivalents, interest-bearing deposits with banks, FHLB stock, and other earning assets.
- 4 -
Average Balances and Rates - Year-To-Date
Year-to-Date
September 30, 2026
September 30, 2025
(Dollars in millions)
Average Balances
(1)
Income/Expense
(2)
Yields/ Rates
(2)
Average Balances
(1)
Income/Expense
(2)
Yields/ Rates
(2)
Assets
AFS and HTM securities at amortized cost:
U.S. Treasury
$
13,457
$
441
4.38
%
$
14,078
$
546
5.19
%
GSE
463
14
3.94
461
13
3.78
Agency MBS
102,572
2,136
2.78
106,752
2,309
2.88
States and political subdivisions
345
11
4.28
366
11
4.20
Other
735
18
3.34
15
1
4.59
Total securities
117,572
2,620
2.97
121,672
2,880
3.16
Loans and leases:
Commercial:
Commercial and industrial
167,145
6,567
5.25
158,663
6,758
5.69
CRE
24,870
1,054
5.61
20,235
946
6.20
Commercial construction
7,604
344
6.23
8,533
428
6.84
Consumer:
Residential mortgage
56,698
1,777
4.18
56,715
1,739
4.09
Home equity
9,662
506
7.00
9,581
537
7.49
Indirect auto
23,712
1,240
6.99
24,129
1,312
7.27
Other consumer
32,696
2,041
8.35
30,474
1,904
8.36
Credit card
4,843
396
10.93
4,885
423
11.57
Total loans and leases held for investment
327,230
13,925
5.69
313,215
14,047
5.99
Loans held for sale
2,832
154
7.25
1,318
60
6.09
Total loans and leases
330,062
14,079
5.70
314,533
14,107
5.99
Interest earning trading assets
5,587
218
5.22
5,840
254
5.80
Other earning assets
(3)
36,879
1,070
3.84
39,059
1,334
4.51
Total earning assets
490,100
17,987
4.90
481,104
18,575
5.15
Nonearning assets
58,038
55,775
Total assets
$
548,138
$
536,879
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking
$
125,100
2,018
2.16
$
111,548
2,043
2.45
Money market and savings
136,569
1,816
1.78
136,339
2,249
2.21
Time deposits
39,892
913
3.06
42,448
1,123
3.54
Total interest-bearing deposits
301,561
4,747
2.10
290,335
5,415
2.49
Short-term borrowings
26,008
758
3.89
27,777
927
4.46
Long-term debt
41,001
1,464
4.77
36,063
1,363
5.04
Total interest-bearing liabilities
368,570
6,969
2.53
354,175
7,705
2.91
Noninterest-bearing deposits
103,313
106,110
Other liabilities
12,296
12,151
Shareholders’ equity
63,959
64,443
Total liabilities and shareholders’ equity
$
548,138
$
536,879
Average interest-rate spread
2.37
2.24
Net interest income / net interest margin -TE
(2)
$
11,018
3.00
%
$
10,870
3.01
%
TE adjustment
(2)
135
147
Net interest income
$
10,883
$
10,723
Memo: Total deposits
$
404,874
4,747
1.57
%
$
396,445
5,415
1.83
%
(1)
Represents daily average balances. Unrealized gains and losses on AFS securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.
(2)
Amounts related to interest income and yields are on a TE basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends. A reconciliation of net interest income - TE to net interest income is included within the table above. NIM – TE is calculated using net interest income on a TE basis to determine the total yield on interest-earning assets.
(3)
Includes cash equivalents, interest-bearing deposits with banks, FHLB stock, and other earning assets.
- 5 -
Credit Quality
Sept. 30
June 30
March 31
Dec. 31
Sept. 30
(Dollars in millions)
2026
2026
2026
2025
2025
Nonperforming Assets
Nonaccrual loans and leases:
Commercial:
Commercial and industrial
$
733
$
657
$
738
$
839
$
800
CRE
43
43
21
47
98
Commercial construction
18
22
23
41
42
Consumer:
Residential mortgage
225
231
231
213
196
Home equity
94
98
101
99
103
Indirect auto
101
569
455
267
247
Other consumer
79
72
73
71
66
Total nonaccrual loans and leases held for investment
1,293
1,692
1,642
1,577
1,552
Loans held for sale
15
—
79
—
19
Total nonaccrual loans and leases
1,308
1,692
1,721
1,577
1,571
Foreclosed real estate
4
5
6
3
4
Other foreclosed property
26
51
58
53
54
Total nonperforming assets
$
1,338
$
1,748
$
1,785
$
1,633
$
1,629
Loans 90 Days or More Past Due and Still Accruing
Commercial:
Commercial and industrial
$
—
$
2
$
4
$
3
$
3
CRE
—
3
—
—
—
Consumer:
Residential mortgage - government guaranteed
568
560
609
532
438
Residential mortgage - nonguaranteed
46
33
39
38
41
Home equity
6
8
7
7
6
Other consumer
19
25
26
28
27
Credit card
64
67
75
76
69
Total loans 90 days past due and still accruing
$
703
$
698
$
760
$
684
$
584
Loans 30-89 Days Past Due and Still Accruing
Commercial:
Commercial and industrial
$
229
$
142
$
260
$
127
$
73
CRE
14
95
42
25
6
Commercial construction
14
—
10
36
5
Consumer:
Residential mortgage - government guaranteed
298
311
263
329
327
Residential mortgage - nonguaranteed
371
354
293
357
344
Home equity
56
52
57
69
54
Indirect auto
210
521
508
679
620
Other consumer
254
232
240
281
241
Credit card
66
67
70
77
73
Total loans 30-89 days past due and still accruing
$
1,512
$
1,774
$
1,743
$
1,980
$
1,743
- 6 -
As of/For the Quarter Ended
Sept. 30
June 30
March 31
Dec. 31
Sept. 30
2026
2026
2026
2025
2025
Asset Quality Ratios
Nonperforming loans and leases as a percentage of loans and leases
0.40
%
0.51
%
0.50
%
0.48
%
0.48
%
Nonperforming loans and leases
(1)
as a percentage of total loans and leases
(1)
0.40
0.51
0.52
0.48
0.48
Nonperforming assets
(1)
as a percentage of total assets
0.24
0.31
0.33
0.30
0.30
Nonperforming assets
(1)
as a percentage of loans and leases plus foreclosed property
0.41
0.53
0.52
0.50
0.50
Loans 90 days or more past due and still accruing as a percentage of loans and leases
0.22
0.21
0.23
0.21
0.18
Loans 90 days or more past due and still accruing as a percentage of loans and leases, excluding government guaranteed loans
0.04
0.04
0.05
0.05
0.05
Loans 30-89 days past due and still accruing as a percentage of loans and leases
0.47
0.54
0.53
0.60
0.54
Allowance for loan and lease losses as a percentage of loans and leases
1.25
1.51
1.53
1.53
1.54
Ratio of allowance for loan and lease losses to:
Net charge-offs (annualized)
(2)
1.6X
3.0X
2.5X
2.7X
3.3X
Nonperforming loans and leases
3.1X
2.9X
3.1X
3.2X
3.2X
(1)
Nonperforming assets and total loans and leases include loans held for sale.
(2)
Includes $251 million of net charge-offs upon the transfer of RAC loans to LHFS in the third quarter of 2026. Additionally includes $66 million of net charge-offs prior to their transfer to LHFS, for the three months ended September 30, 2026.
As of/For the Year-to-Date
Period Ended Sept. 30
2026
2025
Asset Quality Ratios
(1)
Net charge-offs as a percentage of average loans and leases
0.63
%
0.53
%
Ratio of allowance for loan and lease losses to net charge-offs
2.0X
3.0X
Applicable ratios are annualized.
(1)
Includes $251 million of net charge-offs upon the transfer of RAC loans to LHFS in the third quarter of 2026. Additionally includes $259 million of net charge-offs prior to their transfer to LHFS, for the nine months ended September 30, 2026.
- 7 -
As of/For the Quarter Ended
As of/For the Year-to-Date
Sept. 30
June 30
March 31
Dec. 31
Sept. 30
Period Ended Sept. 30
(Dollars in millions)
2026
2026
2026
2025
2025
2026
2025
Allowance for Credit Losses
Beginning balance
$
5,316
$
5,335
$
5,347
$
5,305
$
5,253
$
5,347
$
5,161
Provision (benefit) for credit losses
(1)
(253)
395
479
512
436
621
1,382
Charge-offs:
Commercial:
Commercial and industrial
(125)
(137)
(142)
(141)
(98)
(404)
(320)
CRE
—
(1)
(7)
(14)
(25)
(8)
(133)
Commercial construction
(2)
(1)
(17)
—
—
(20)
—
Consumer:
Residential mortgage
(1)
(1)
(1)
(3)
(1)
(3)
(3)
Home equity
(3)
(3)
(3)
(2)
(2)
(9)
(8)
Indirect auto
(2)
(358)
(135)
(158)
(160)
(150)
(651)
(431)
Other consumer
(170)
(168)
(184)
(178)
(155)
(522)
(455)
Credit card
(62)
(70)
(71)
(67)
(49)
(203)
(193)
Total charge-offs
(721)
(516)
(583)
(565)
(480)
(1,820)
(1,543)
Recoveries:
Commercial:
Commercial and industrial
19
22
16
23
20
57
75
CRE
—
1
3
6
2
4
12
Commercial construction
—
1
1
1
—
2
1
Consumer:
Residential mortgage
1
1
2
1
2
4
4
Home equity
4
3
3
3
5
10
13
Indirect auto
22
29
25
24
25
76
78
Other consumer
35
35
33
28
31
103
92
Credit card
11
10
9
9
10
30
33
Total recoveries
92
102
92
95
95
286
308
Net charge-offs
(629)
(414)
(491)
(470)
(385)
(1,534)
(1,235)
Other
(1)
—
—
—
1
(1)
(3)
Ending balance
$
4,433
$
5,316
$
5,335
$
5,347
$
5,305
$
4,433
$
5,305
Allowance for Credit Losses:
Allowance for loan and lease losses
$
4,063
$
4,983
$
5,026
$
5,030
$
4,988
Reserve for unfunded lending commitments
370
333
309
317
317
Allowance for credit losses
$
4,433
$
5,316
$
5,335
$
5,347
$
5,305
(1)
Includes benefit of $581 million for the three months ended September 30, 2026 from the release of ACL following the recognition of held for sale-related charge-offs resulting from the RAC loan sale.
(2)
Includes $251 million of net charge-offs upon the transfer of RAC loans to LHFS in the third quarter of 2026. Additionally includes $66 million and $259 million of net charge-offs prior to their transfer to LHFS, for the three and nine months ended September 30, 2026, respectively.
Quarter Ended
As of/For the Year-to-Date
Sept. 30
June 30
March 31
Dec. 31
Sept. 30
Period Ended Sept. 30
2026
2026
2026
2025
2025
2026
2025
Net Charge-offs as a Percentage of Average Loans and Leases:
Commercial:
Commercial and industrial
0.25
%
0.27
%
0.31
%
0.29
%
0.19
%
0.28
%
0.21
%
CRE
—
—
0.06
0.14
0.44
0.02
0.80
Commercial construction
0.12
(0.01)
0.84
(0.04)
(0.03)
0.33
(0.02)
Consumer:
Residential mortgage
—
—
(0.01)
0.01
—
—
—
Home equity
(0.04)
0.02
(0.02)
(0.04)
(0.11)
(0.01)
(0.07)
Indirect auto
(1)
6.23
1.73
2.14
2.10
1.99
3.24
1.96
Other consumer
1.61
1.63
1.91
1.84
1.55
1.72
1.60
Credit card
4.21
4.97
5.15
4.64
3.13
4.78
4.38
Total net charge-offs (recoveries) as a percentage of average loans and leases
(1)
0.77
0.50
0.61
0.57
0.48
0.63
0.53
Ratios are annualized.
(1)
Includes $251 million of net charge-offs upon the transfer of RAC loans to LHFS in the third quarter of 2026. Additionally includes $66 million and $259 million of net charge-offs prior to their transfer to LHFS, for the three and nine months ended September 30, 2026, respectively.
- 8 -
Segment Financial Performance - Preliminary
Quarter Ended
Sept. 30
June 30
March 31
Dec. 31
Sept. 30
(Dollars in millions)
2026
2026
2026
2025
2025
Consumer and Small Business Banking
Net interest income (expense)
$
1,670
$
1,625
$
1,606
$
1,622
$
1,571
Net intersegment interest income (expense)
1,047
979
886
862
850
Segment net interest income (expense)
2,717
2,604
2,492
2,484
2,421
Allocated provision (benefit) for credit losses
(299)
307
374
431
400
Noninterest income
468
529
529
520
530
Personnel expense
459
443
433
443
449
Amortization of intangibles
33
33
34
37
38
Other direct noninterest expense
319
312
293
288
281
Direct noninterest expense
811
788
760
768
768
Expense allocations
988
933
920
932
942
Total noninterest expense
1,799
1,721
1,680
1,700
1,710
Income (loss) before income taxes
1,685
1,105
967
873
841
Provision (benefit) for income taxes
409
271
238
212
205
Segment net income (loss)
$
1,276
$
834
$
729
$
661
$
636
Wholesale Banking
Net interest income (expense)
$
1,878
$
1,941
$
1,921
$
2,018
$
2,029
Net intersegment interest income (expense)
(317)
(409)
(411)
(401)
(451)
Segment net interest income (expense)
1,561
1,532
1,510
1,617
1,578
Allocated provision for credit losses
47
90
105
82
36
Noninterest income
1,215
1,159
1,069
1,134
1,142
Personnel expense
632
626
612
668
598
Amortization of intangibles
29
30
30
33
34
Other direct noninterest expense
185
200
187
188
199
Direct noninterest expense
846
856
829
889
831
Expense allocations
551
528
521
471
487
Total noninterest expense
1,397
1,384
1,350
1,360
1,318
Income (loss) before income taxes
1,332
1,217
1,124
1,309
1,366
Provision (benefit) for income taxes
284
256
232
270
283
Segment net income (loss)
$
1,048
$
961
$
892
$
1,039
$
1,083
Other, Treasury & Corporate
(1)
Net interest income (expense)
$
115
$
55
$
72
$
60
$
29
Net intersegment interest income (expense)
(730)
(570)
(475)
(461)
(399)
Segment net interest income (expense)
(615)
(515)
(403)
(401)
(370)
Allocated provision (benefit) for credit losses
(1)
(2)
—
(1)
—
Noninterest income
(1,599)
(44)
(45)
(108)
(114)
Personnel expense
762
723
682
707
701
Amortization of intangibles
—
—
—
—
—
Other direct noninterest expense
686
688
712
806
714
Direct Noninterest Expense
1,448
1,411
1,394
1,513
1,415
Expense Allocations
(1,539)
(1,461)
(1,441)
(1,403)
(1,429)
Total noninterest expense
(91)
(50)
(47)
110
(14)
Income (loss) before income taxes
(2,122)
(507)
(401)
(618)
(470)
Provision (benefit) for income taxes
(597)
(265)
(261)
(272)
(203)
Segment net income (loss)
$
(1,525)
$
(242)
$
(140)
$
(346)
$
(267)
Total Truist Financial Corporation
Net interest income (expense)
$
3,663
$
3,621
$
3,599
$
3,700
$
3,629
Net intersegment interest income (expense)
—
—
—
—
—
Segment net interest income (expense)
3,663
3,621
3,599
3,700
3,629
Allocated provision (benefit) for credit losses
(253)
395
479
512
436
Noninterest income
84
1,644
1,553
1,546
1,558
Personnel expense
1,853
1,792
1,727
1,818
1,748
Amortization of intangibles
62
63
64
70
72
Other direct noninterest expense
1,190
1,200
1,192
1,282
1,194
Direct Noninterest Expense
3,105
3,055
2,983
3,170
3,014
Expense Allocations
—
—
—
—
—
Total noninterest expense
3,105
3,055
2,983
3,170
3,014
Income before income taxes
895
1,815
1,690
1,564
1,737
Provision for income taxes
96
262
209
210
285
Net income
$
799
$
1,553
$
1,481
$
1,354
$
1,452
(1)
Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.
- 9 -
Capital Information - Five Quarter Trend
As of/For the Quarter Ended
Sept. 30
June 30
March 31
Dec. 31
Sept. 30
(Dollars in millions, except per share data, shares in thousands)
2026
2026
2026
2025
2025
Selected Capital Information
(preliminary)
Risk-based capital:
Common equity tier 1
$
46,315
$
47,488
$
47,683
$
48,027
$
48,031
Tier 1
51,723
52,896
52,596
52,940
53,935
Total
58,502
60,707
60,470
61,255
62,377
Risk-weighted assets
431,752
434,934
440,333
443,257
438,114
Average quarterly assets for leverage ratio
537,657
537,658
530,908
529,156
529,861
Average quarterly assets for supplementary leverage ratio
644,500
645,253
636,907
635,249
635,076
Risk-based capital ratios:
Common equity tier 1
10.7
%
10.9
%
10.8
%
10.8
%
11.0
%
Tier 1
12.0
12.2
11.9
11.9
12.3
Total
13.6
14.0
13.7
13.8
14.2
Leverage capital ratio
9.6
9.8
9.9
10.0
10.2
Supplementary leverage
8.0
8.2
8.3
8.3
8.5
Common equity per common share
$
46.78
$
48.04
$
47.60
$
47.74
$
46.70
- 10 -
Selected Mortgage Banking Information & Additional Information
As of/For the Quarter Ended
Sept. 30
June 30
March 31
Dec. 31
Sept. 30
(Dollars in millions, except per share data)
2026
2026
2026
2025
2025
Mortgage Banking Income
Residential mortgage income:
Residential mortgage production revenue
$
22
$
24
$
27
$
26
$
22
Residential mortgage servicing income:
Residential mortgage servicing income before MSR valuation
82
70
82
77
74
Net MSRs valuation
(7)
5
9
1
9
Total residential mortgage servicing income
75
75
91
78
83
Total residential mortgage income
97
99
118
104
105
Commercial mortgage income:
Commercial mortgage production revenue
11
7
12
12
10
Commercial mortgage servicing income:
Commercial mortgage servicing income before MSR valuation
5
5
3
2
4
Net MSRs valuation
—
5
—
1
(1)
Total commercial mortgage servicing income
5
10
3
3
3
Total commercial mortgage income
16
17
15
15
13
Total mortgage banking income
$
113
$
116
$
133
$
119
$
118
Other Mortgage Banking Information
Residential mortgage loan originations
$
6,214
$
6,824
$
5,137
$
4,551
$
4,743
Residential mortgage servicing portfolio:
(1)
Loans serviced for others
267,522
240,764
233,870
228,383
221,274
Bank-owned loans serviced
58,288
57,894
57,386
57,583
58,396
Total servicing portfolio
325,810
298,658
291,256
285,966
279,670
Weighted-average coupon rate on mortgage loans serviced for others
3.80
%
3.79
%
3.77
%
3.77
%
3.75
%
Weighted-average servicing fee on mortgage loans serviced for others
0.29
0.29
0.29
0.28
0.28
Additional Information
Brokered deposits
(2)
$
26,226
$
26,812
$
28,488
$
29,835
$
28,423
NQDCP income (expense):
(3)
Interest income
$
—
$
—
$
(6)
$
4
$
1
Other income
1
31
(7)
(1)
17
Personnel expense
(1)
(31)
13
(3)
(18)
Total NQDCP income (expense)
$
—
$
—
$
—
$
—
$
—
Common stock prices:
High
$
54.22
$
52.11
$
56.20
$
50.86
$
47.46
Low
46.17
45.83
43.13
40.78
41.98
End of period
46.30
49.82
45.97
49.21
45.72
Banking offices
1,912
1,927
1,927
1,927
1,927
ATMs
2,790
2,820
2,826
2,829
2,837
Full-time equivalent teammates
(4)
37,833
37,849
37,877
38,062
38,534
(1)
Amounts reported are unpaid principal balance.
(2)
Amounts represented in interest checking, money market and savings, and time deposits.
(3)
Relates to plans where Truist holds assets in proportion to participant elections.
(4)
Full-time equivalent teammates represents an average for the quarter.
- 11 -
Non-GAAP Reconciliations
Diluted EPS
Quarter Ended
Year-to-Date
Sept. 30
June 30
Sept. 30
Sept. 30
Sept. 30
(Dollars in millions, except per share data)
2026
2026
2025
2026
2025
Net Income (loss) available to common shareholders
$
684
$
1,519
$
1,348
$
3,580
$
3,685
Gross adjustments:
Securities (gains) losses
1,447
—
—
1,447
19
Reserve recapture for RAC loan sale
(581)
—
—
(581)
—
RAC loan sale impact
106
—
—
106
—
Applicable income taxes related to adjustments:
(1)
Securities (gains) losses
(346)
—
—
(346)
(5)
Reserve recapture for RAC loan sale
139
—
—
139
—
RAC loan sale impact
(26)
—
—
(26)
—
Adjusted net income available to common shareholders
(2)
$
1,423
$
1,519
$
1,348
$
4,319
$
3,699
Weighted average shares outstanding - diluted
1,226,342
1,239,040
1,296,666
1,243,918
1,308,676
Diluted EPS
0.56
1.23
1.04
2.88
2.82
Adjusted diluted EPS
(2)
1.16
1.23
1.04
3.47
2.83
(1)
Calculated using the applicable marginal tax rate.
(2)
Adjusted net income available to common shareholders and adjusted diluted EPS are non-GAAP in that these measures exclude selected items, net of tax. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. Diluted EPS impact for individual items may not foot to difference between GAAP diluted and adjusted diluted EPS due to rounding.
Revenue
Quarter Ended
Year-to-Date
Sept. 30
June 30
Sept. 30
Sept. 30
Sept. 30
(Dollars in millions)
2026
2026
2025
2026
2025
Revenue
(1)
$
3,747
$
5,265
$
5,187
$
14,164
$
15,073
Taxable equivalent adjustment
44
46
51
135
147
Revenue - taxable equivalent
(1)(2)
$
3,791
$
5,311
$
5,238
$
14,299
$
15,220
Securities (gains) losses
1,447
—
—
1,447
19
Loss on RAC loan sale
66
—
—
66
—
Adjusted revenue - TE
(1)(2)
$
5,304
$
5,311
$
5,238
$
15,812
$
15,239
(1)
Revenue is defined as net interest income plus noninterest income.
(2)
Adjusted revenue includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue additionally excludes selected items. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.
Pre-Provision Net Revenue
Quarter Ended
Year-to-Date
Sept. 30
June 30
Sept. 30
Sept. 30
Sept. 30
(Dollars in millions)
2026
2026
2025
2026
2025
Net income
$
799
$
1,553
$
1,452
$
3,833
$
3,953
Provision (benefit) for credit losses
(253)
395
436
621
1,382
Provision for income taxes
96
262
285
567
832
Taxable-equivalent adjustment
44
46
51
135
147
PPNR
(1)
686
2,256
2,224
5,156
6,314
Securities (gains) losses
1,447
—
—
1,447
19
RAC loan sale impact
106
—
—
106
—
Adjusted PPNR
(1)
$
2,239
$
2,256
$
2,224
$
6,709
$
6,333
(1)
PPNR is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes and includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted PPNR is a non-GAAP measure that additionally excludes selected items. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.
- 12 -
Return on Average Tangible Common Shareholders’ Equity
Quarter Ended
Year-to-Date
Sept. 30
June 30
Sept. 30
Sept. 30
Sept. 30
(Dollars in millions)
2026
2026
2025
2026
2025
Net income available to common shareholders
$
684
$
1,519
$
1,348
$
3,580
$
3,685
Amortization of intangibles
62
63
72
189
220
Applicable income taxes related to the amortization of intangibles
(1)
(15)
(15)
(18)
(45)
(53)
Tangible net income available to common shareholders
(2)
731
1,567
1,402
3,724
3,852
Gross adjustments:
Securities (gains) losses
1,447
—
—
1,447
19
Reserve recapture for RAC loan sale
(581)
—
—
(581)
—
RAC loan sale impact
106
—
—
106
—
Applicable income taxes related to adjustments:
(1)
Securities (gains) losses
(346)
—
—
(346)
(5)
Reserve recapture for RAC loan sale
139
—
—
139
—
RAC loan sale impact
(26)
—
—
(26)
—
Total adjustments, net of tax
739
—
—
739
14
Adjusted tangible net income available to common shareholders
(2)
$
1,470
$
1,567
$
1,402
$
4,463
$
3,866
Average common shareholders’ equity
$
57,899
$
58,616
$
59,141
$
58,791
$
58,535
Average intangible assets
(18,258)
(18,321)
(18,528)
(18,321)
(18,595)
Applicable deferred taxes related to intangible assets
(1)
398
401
415
401
418
Average tangible common shareholders’ equity
(2)
$
40,039
$
40,696
$
41,028
$
40,871
$
40,358
ROCE
4.7
%
10.4
%
9.0
%
8.1
%
8.4
%
ROTCE
(2)
7.2
15.4
13.6
12.2
12.8
Adjusted ROTCE
(2)
14.6
15.4
13.6
14.6
12.8
(1)
Calculated using the applicable marginal tax rate.
(2)
Tangible net income available to common shareholders, average tangible common shareholders’ equity, and ROTCE are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes. Adjusted tangible net income available to common shareholders and adjusted ROTCE are non-GAAP measures that additionally exclude other selected items. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess balance sheet risk and shareholder value. These measures are not necessarily comparable to similar measures that may be presented by other companies.
Tangible Book Value per Common Share
Sept. 30
June 30
Sept. 30
(Dollars in millions, except per share data, shares in thousands)
2026
2026
2025
Calculations of Tangible Common Equity and Related Measures:
(1)
Total shareholders’ equity
$
61,472
$
64,095
$
65,646
Preferred stock
(5,411)
(5,411)
(5,907)
Common shareholders’ equity
56,061
58,684
59,739
Intangible assets
(18,223)
(18,287)
(18,489)
Applicable deferred taxes related to intangible assets
(2)
397
400
413
Tangible common equity
$
38,235
$
40,797
$
41,663
Outstanding shares at end of period
1,198,488
1,221,626
1,279,246
Common equity per common share
$
46.78
$
48.04
$
46.70
TBVPS
31.90
33.40
32.57
(1)
Tangible common equity and related measures are non-GAAP measures that exclude preferred stock and intangible assets, net of deferred taxes. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess balance sheet risk and shareholder value. These measures are not necessarily comparable to similar measures that may be presented by other companies.
(2)
Calculated using the applicable marginal tax rate.
- 13 -

----- ex993-earningsdeck3q26.htm -----
EX-99.3
4
ex993-earningsdeck3q26.htm
EX-99.3
ex993-earningsdeck3q26
Third Quarter 2026 Earnings Conference Call Mike Lyons - President and CEO Mike Maguire - CFO October 16, 2026
2 From time to time we have made, and in the future will make, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “pursue,” “seek,” “continue,” “estimate,” “project,” “outlook,” “forecast,” “potential,” “target,” “objective,” “trend,” “plan,” “goal,” “initiative,” “priorities,” or other words of comparable meaning or future-tense or conditional verbs such as “may,” “will,” “should,” “would,” or “could.” Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, or results. In particular, forward-looking statements include statements we make about: (i) Truist’s ROTCE goals in future periods and its confidence in meeting those goals, (ii) Truist’s loan portfolio actions sharpening its strategic focus, improving its balance sheet mix, and creating capacity to invest in core growth potential, (iii) the impact of the RAC loan portfolio sale on net charge-offs and nonperforming loans, (iv) the impact of the RAC loan portfolio sale and AFS securities repositioning on earnings, ROTCE, and tangible book value per share, (v) the expected proceeds and use thereof, impact on CET1 capital and net charge-offs, and closing timeframe of the LightStream loan portfolio sale and potential AFS securities repositioning to offset the capital created by the sale, (vi) estimated net interest income in Q4 2026, (vii) projections or estimates of common stock repurchases and preferred stock dividends, (viii) guidance with respect to financial performance metrics in future periods, including future levels of taxable equivalent revenue, noninterest expense, and net charge-off ratio, and (ix) Truist’s effective tax rate in future periods. This presentation, including any information incorporated by reference in this presentation, contains forward-looking statements. We also may make forward-looking statements in other documents that are filed or furnished with the SEC. In addition, we may make forward-looking statements orally or in writing to investors, analysts, members of the media, and others. All forward- looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, and results may differ materially from those set forth in any forward-looking statement. While no list of assumptions, risks, and uncertainties could be complete, some of the factors that may cause actual results or other future events or circumstances to differ from those in forward-looking statements include: • changes in monetary, fiscal, and trade laws or policies, including tariffs or interest rates; • evolving political, geopolitical, business, social, economic, and market conditions at the local, regional, national, and international levels; • our ability to effectively address economic, business, or market deterioration, slowdowns or disruptions; • disruptions and shifts in investor sentiment or behavior in the securities, capital, or other financial markets, including financial or systemic shocks and volatility or changes in market liquidity, interest or currency rates, or valuations; • changes in business and consumer sentiment, preferences, or behavior, including spending, borrowing, or saving by businesses or households; • negative market perceptions of our investment portfolio or its value; • our ability to manage credit risk, including in connection with the loans that we originate or purchase; • the credit, liquidity, or other financial condition of our clients, counterparties, service providers, or competitors; • our ability to cost-effectively fund our businesses and operations, including by accessing long- and short-term funding and liquidity and by retaining and growing client deposits; • our ability to manage any unexpected outflows of uninsured deposits and, in such a circumstance, to access substitute funding, and avoid selling investment securities or other assets at an unfavorable time or at a loss; • changes in our credit ratings and the related effects on our funding costs, ability to attract or retain funding, and relationships with clients and counterparties; • any instability or breakdown in the financial system, including as a result of the actual or perceived soundness of another financial institution or another participant in the financial system; • our ability to maintain secure and functional financial, accounting, technology, data processing, or other operating systems or infrastructure, including those that safeguard personal and other sensitive information; • our ability to keep pace with changes in technology, including technology-driven products and services relating to AI, that affect us or our clients, counterparties, service providers, or competitors or to maintain rights or interests in associated intellectual property; • our ability to manage system failures or disruptions affecting operations, communications, or other systems or processes; • our ability to identify, assess, monitor, and mitigate physical-security and cybersecurity risks, including denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, AI-driven cyberattacks, environmental conditions, and intentional acts of destruction; • the performance, availability, and resilience of third-party service providers on whom we rely in delivering products and services to our clients and otherwise in conducting our business and operations; • the adequacy and effectiveness of our corporate governance, risk-management framework, compliance programs, and internal controls over financial reporting, including our ability to identify, assess, monitor, and mitigate risks, remediate lapses or deficiencies in financial reporting, and make appropriate estimates; • our ability to develop, maintain, and market our products or services and to manage risks and unanticipated costs or liabilities associated with those products or services; • our ability to satisfactorily and profitably perform loan servicing and similar obligations; • the legal, regulatory, and supervisory environment, including changes in financial services legislation, regulation, policies, or government leadership or personnel; • U.S. and international regulatory capital and liquidity requirements and standards and their effects on our capital and liquidity levels, ratios, buffers, and targets, and our ability to pay or increase dividends, repurchase shares, or take other capital actions; • our ability to address scrutiny and expectations from supervisory or other governmental authorities and to timely and credibly remediate related concerns or deficiencies; • judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings that create uncertainty for or are adverse to us or the financial services industry; • the outcomes of judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings to which we are or may be subject (either directly or indirectly through our ownership interests in other entities) and our ability to absorb and address any damages or other remedies that are sought or awarded and any collateral consequences; • our ability to implement strategic and operational plans, including with respect to allocating capital and resources to our highest value opportunities, becoming the most important financial partner to our clients, and executing with urgency, discipline, and accountability; • our ability to innovate, to anticipate the needs of current or future clients, or to make timely and effective technology investments and enhancements to meet client expectations; • our ability to compete successfully, to increase or maintain market share in changing competitive environments, or to address pricing or other competitive pressures, including competition from banks and nonbanks and the effects of digital assets, cryptocurrencies, stablecoins, tokenization, and other emerging products, services, and technologies relating to deposits, lending, and payments; • changes in our corporate and business strategies, the composition of our assets, or the way in which we fund those assets; • our ability to successfully make and integrate acquisitions and to effect divestitures, which may include regulatory approvals and conditions; • the efficacy of our methods or models in assessing business strategies or opportunities or in valuing, measuring, estimating, monitoring, or managing positions or risk; • evolving accounting standards and policies and related changes to interpretations; • damage to our brand or negative public opinion or adverse publicity affecting us, our leaders, or our service providers, including the impact on our relationships with clients, teammates, and other stakeholders; • our ability to attract, hire, and retain key teammates and to engage in adequate succession planning; • our ability to identify, assess, monitor, and mitigate the risk of fraud or misconduct by internal or external parties, including potential losses that may result; • policies and other actions of governments to manage and mitigate climate and related environmental risks, and the effects of climate change or the transition to a lower-carbon economy on our business, operations, and reputation; • natural or other disasters, calamities, and conflicts, including terrorist events, cyber-warfare, and pandemics that impact us or our clients, teammates, or service providers; and • other assumptions, risks, or uncertainties described in the Company’s Annual Report on Form 10-K or subsequent reports. Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, or Current Report on Form 8-K. Forward-looking statements
3 Non-GAAP financial information This presentation contains financial information and performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Truist’s management uses these non-GAAP measures in its analysis of Truist’s performance and the efficiency of its operations. Management believes these non-GAAP measures are useful to investors because they provide a greater understanding of ongoing operations, enhance comparability of results with prior periods, and demonstrate the effects of significant items in the current period. Truist believes a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Below is a listing of the types of non-GAAP measures used in this presentation: Adjusted net income available to common shareholders and adjusted diluted EPS - Adjusted net income available to common shareholders and adjusted diluted EPS are non-GAAP in that these measures exclude selected items, net of tax. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. Diluted EPS impact for individual items may not foot to difference between GAAP diluted and adjusted diluted EPS due to rounding. Taxable-equivalent measures - Taxable-equivalent revenue, taxable-equivalent interest income, taxable-equivalent net interest income, and taxable-equivalent net interest margin include a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods. Adjusted revenue - Adjusted revenue includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue additionally excludes selected items. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods. Adjusted noninterest income and expense - Adjusted noninterest income and expense are non-GAAP measures that exclude selected items. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods. Pre-provision net revenue (PPNR) - PPNR is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes and includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted PPNR is a non-GAAP measure that additionally excludes selected items. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods. Tangible common equity and related measures - Tangible common equity, average tangible common equity, and related measures, including ROTCE, adjusted ROTCE, and TBVPS, are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes, and its related amortization. Adjusted ROTCE is a non-GAAP measure that additionally excludes other selected items. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess profitability, returns relative to balance sheet risk, and shareholder value. Adjusted return on average assets - Adjusted ROA is a non-GAAP measure in that it excludes selected items. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges. Net charge-off ratio, excluding RAC - The net charge-off ratio excluding Regional Acceptance Corporation (RAC) is a non-GAAP measure in that it excludes certain loans and the related charge-offs. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results. Truist does not provide reconciliations for forward-looking non-GAAP financial measures because it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of Truist’s control, or cannot be reasonably predicted. For the same reasons, Truist is unable to address the probable significance of the unavailable information. A copy of this presentation is available on the Truist Investor Relations website, ir.truist.com.
4 – Clarifying strategy: Become the most important financial partner to our clients – Focusing resources: Ongoing franchise review to reallocate capital and expenses to align to strategy and enhance balance sheet composition – Driving better execution: Operate with greater urgency, flatten the organization, add to existing talent, and increase accountability to drive faster growth and higher returns Building a high-performing company Solid 3Q26 adjusted results; reallocating capital and resources to drive higher growth, profitability, and returns (1) Strategic actions include RAC loan sale and AFS securities repositioning (2) Represents a non-GAAP financial measure and excludes the impact of strategic actions; for all non-GAAP measures, including those that are not adjusted, see appendix for reconciliations 3Q26 key takeaways 3Q26 by the numbers (Reported / adjusted(2)) $0.56 / $1.16 Diluted EPS 7.2% / 14.6% ROTCE (non-GAAP) 0.77% / 0.38% NCO ratio 10.7% CET1 ratio – Delivered solid results – Continued momentum in client deposit growth – Record quarter in wealth management income – Asset quality metrics remain strong – Maintained expense discipline – Returned $1.8 billion to shareholders through $0.6 billion of common dividends and $1.2 billion of share repurchases – Completed the RAC loan sale and AFS securities repositioning – Strategic actions improved credit, liquidity, and funding profile – On track to achieve ROTCE targets 3Q26 results reflect strategic actions(1)
5 Portfolio actions sharpen strategic focus and enhance risk profile (1) LightStream metrics are estimates and preliminary and any action undertaken would be subject to market conditions (2) $990 million capital increase driven by a $442 million after-tax loan loss reserve recapture and $628 million of capital created by a reduction in risk-weighted assets partially offset by $80 million of after-tax RAC loan sale impacts (3) The blended reinvestment rate on the new investment securities purchased is 5.60% for the next 12 months including the impact of swaps and based on the Federal Funds futures curve (4) ~$850 million estimated capital increase driven by a $70 million after-tax loan loss reserve recapture and $820 million of capital created by a reduction in risk-weighted assets partially offset by $40 million of after-tax impacts Completed RAC loan sale and AFS securities repositioning Signed agreement to sell LightStream(1) Update on strategic review of loan portfolios – Sold $5.5 billion RAC auto loan portfolio for $5.2 billion – Sale created $990 million or 23 bps of CET1 capital(2) – Reduces NCOs by ~10 bps annually and NPLs by >10 bps – Repaid $5.2 billion of borrowings – Sold $8.6 billion of book value AFS securities with a weighted average book yield of 2.67% and a duration of 5.8 years – Recorded a pre-tax loss of $1.4 billion – Purchased $7.2 billion of securities with a weighted average yield of 5.60%(3) and a duration of 2.3 years – Transactions modestly accretive to earnings, ROTCE, and tangible book value per share – Signed agreement to sell $7.7 billion of loans representing substantially all assets of LightStream, a national unsecured lending platform, to Carlyle Group Inc. – Non-core, loan only business generating a below target ROTCE – Transaction expected to: – Generate $7.2 billion of net proceeds – Create ~$850 million or 20 bps of CET1 capital(4) – Reduce NCOs by ~7 bps annually – Closing anticipated in 4Q26, subject to satisfaction of customary closing conditions – Plan to utilize proceeds to repay wholesale borrowings – Will evaluate a potential AFS securities repositioning to offset capital created from sale – Broader strategic review ongoing
6 Strategic actions impacted 3Q26 diluted EPS by $0.60 May not foot due to rounding (1) Strategic actions include RAC loan sale and AFS securities repositioning (2) Adjusted metrics include non-GAAP financial measures; for all non-GAAP measures, including those that are not adjusted, see appendix for reconciliations (3) Sold $8.6 billion of book value AFS securities and received net proceeds of $7.2 billion (4) $106 million of RAC loan sale impacts include a $66 million reduction in noninterest income and $40 million increase in noninterest expense related to costs associated with the RAC loan sale (5) Represents a $581 million benefit from the release of ACL following recognition of held for sale-related charge-offs Delivered solid results excluding strategic actions 3Q26 reported (a) RAC loan sale (b) AFS securities repositioning (c) Net impact (d) = (b) + (c) 3Q26 adjusted(2) (e) = (a) - (d) Total revenue-TE (non-GAAP) $3,791 $(66) $(1,447) $(1,513) $5,304 Noninterest expense $3,105 $40 $40 $3,065 PPNR (non-GAAP) $686 $(106) $(1,447) $(1,553) $2,239 Provision for credit losses (benefit) $(253) $(581) $(581) $328 Net income available to common shareholders $684 $362 $(1,101) $(739) $1,423 Diluted EPS $0.56 $0.30 $(0.90) $(0.60) $1.16 ROA 0.6% 1.1% ROCE 4.7% 9.8% ROTCE (non-GAAP) 7.2% 14.6% Select financial highlights Strategic actions impacting 3Q26 results(1,2) – Net income available to common shareholders was $684 million or $0.56 per diluted share, which included the following items: – $1.4 billion pre-tax ($1.1 billion after-tax) or $0.90 per share loss on the sale of AFS securities(3) – $581 million pre-tax ($442 million after-tax) or $0.36 per share loan loss reserve recapture(5) – $106 million pre-tax ($80 million after-tax) or $0.06 per share of RAC loan sale impacts(4) – Adjusted net income available to common shareholders was $1.4 billion or $1.16 per share – Revenue was $3.8 billion, or $5.3 billion adjusted for strategic actions – Adjusted revenue declined 0.1% vs. 2Q26 – Noninterest expense was $3.11 billion, or $3.07 billion adjusted for strategic actions – Adjusted noninterest expense increased 0.3% vs. 2Q26 – ROTCE was 7.2%, or 14.6% excluding strategic actions
7 Balance sheet summary Strategic actions enhance balance sheet composition Average balances ($ MM) 3Q26 vs. 2Q26 ($ change) vs. 2Q26 (% change) vs. 3Q25 ($ change) vs. 3Q25 (% change) Total loans HFI $325,523 $(3,639) (1.1)% $5,030 1.6% Investment securities(1) $118,433 $295 0.2% $(747) (0.6)% Total deposits $410,699 $5,830 1.4% $14,099 3.6% Total borrowings $63,729 $(5,804) (8.3)% $(4,525) (6.6)% Capital metrics and ratios 9/30/2026 6/30/2026 vs. 2Q26 9/30/2025 vs. 3Q25 Book value per share $46.78 $48.04 (2.6)% $46.70 0.2% Tangible book value per share(2) $31.90 $33.40 (4.5)% $32.57 (2.1)% CET1 ratio (preliminary) 10.7% 10.9% (20) bps 11.0% (30) bps Select highlights (1) End of period investment securities were $115.7 billion at 9/30/2026 (2) Represents a non-GAAP financial measure; see appendix for reconciliations
8 Loan trends reflect optimization of lending portfolios May not foot due to rounding (1) Reflects ceased originations in marine/RV loans and de-emphasis of certain lower return portfolios (2) RAC loan sale of $1.7 billion represents the impact of RAC loans moving to held-for-sale in September Average loans and leases HFI $320 $325 $327 $329 $326 $192 $195 $199 $201 $199 $129 $130 $128 $128 $127 6.00% 5.87% 5.71% 5.68% 5.66% Commercial LHFI Consumer and card LHFI Loans HFI yield 3Q25 4Q25 1Q26 2Q26 3Q26 2Q26 Core loan growth RAC loan sale 3Q26 $329 $326 $0.8 5-quarter trend ($ in billions) Average loan roll forward ($ in billions) ($2.7) Strategic run-off(1) ($1.7) (2)
9 Total borrowings ($ in billions) $397 $396 $399 $405 $411 $214 $213 $213 $217 $216 $143 $148 $149 $149 $157 $40 $35 $37 $39 $38 CSBB deposits Wholesale deposits Other, Treasury, & Corporate deposits 3Q25 4Q25 1Q26 2Q26 3Q26 $68 $68 $68 $70 $64 $27 $29 $31 $29 $19 $41 $39 $37 $41 $45 Short-term borrowings Long-term debt 3Q25 4Q25 1Q26 2Q26 3Q26 Higher client deposits drove 3.6% growth in average deposits, while total borrowings decreased 6.6% vs. 3Q25 Average deposits and borrowings $397 $396 $399 $405 $411 $291 $290 $296 $301 $308 $106 $106 $103 $104 $103 1.84% 1.64% 1.55% 1.56% 1.59% Interest-bearing deposits Noninterest-bearing deposits Total deposit cost (%) 3Q25 4Q25 1Q26 2Q26 3Q26 5-quarter trend ($ in billions) Deposit mix by segment ($ in billions)
10 Swap portfolio overview ($ in billions) Active receive-fixed $3,680 $3,749 $3,644 $3,667 $3,707 3.01% 3.07% 3.02% 2.98% 3.00% Net interest income-TE Net interest margin-TE 3Q25 4Q25 1Q26 2Q26 3Q26 Fwd. starting receive-fixed Pay-fixed < 3yrs. Net interest income and net interest margin (1) Net interest income and net interest margin include a taxable-equivalent adjustment and are non-GAAP measures. See appendix for more information on taxable-equivalent measures and reconciliations to GAAP net interest income. 9/30/2026 Pay-fixed > 3yrs.(1) $86 $24 Total wtd. avg. rate = 3.39% ($15)Total wtd. avg. rate = 3.75% ($11) $137 – At 9/30, notional receive-fixed and pay- fixed swaps totaled $110 billion and $26 billion, respectively, compared with $112 billion and $24 billion at 6/30/2026 – Interest rate sensitivity position remained relatively neutral to changes in interest rates at 9/30/2026 (1) 5-quarter net interest income and net interest margin trend ($ in millions) NII outlook – Expect 4Q26 net interest income of $3.65 to $3.7 billion – 4Q26 outlook reflects: – $125 million reduction from the RAC loan sale – $40 million increase from the AFS securities repositioning
11 Categories 3Q26 vs. 2Q26 vs. 3Q25 Wealth management income $407 8.5% 8.8% Card and treasury management fees $347 (1.7)% 2.1% Investment banking and trading income $324 (8.0)% 0.3% Other deposit revenue $125 4.2% —% Mortgage banking income $113 (2.6)% (4.2)% Lending related fees $120 —% 16.5% Securities gains / (losses) $(1,447) NM NM Other income $95 (54)% (46)% Total noninterest income $84 (95)% (95)% Loss on RAC loan sale(1) $66 Securities losses $1,447 Adjusted noninterest income(2) $1,597 (2.9)% 2.5% Wealth management was a key driver of adjusted growth vs. 3Q25 Noninterest income – Noninterest income decreased 95% primarily driven by $1.4 billion of securities losses on the sale of certain AFS securities – Adjusted noninterest income increased 2.5% driven by higher wealth management income due to favorable market performance Noninterest income details ($ in millions) Vs. like quarter – Noninterest income decreased 95% primarily driven by $1.4 billion of securities losses on the sale of certain AFS securities and $66 million of losses from the RAC loan sale included in other income – Adjusted noninterest income declined 2.9% driven by: – lower other income and investment banking and trading income – partially offset by higher wealth management income due to favorable market performance Vs. linked quarter (1) Included in Other income (2) Represents a non-GAAP financial measure that excludes selected items. The reconciliation to GAAP noninterest income is in the table above.
12 Categories 3Q26 vs. 2Q26 vs. 3Q25 Personnel expense $1,853 3.4% 6.0% Professional fees and outside processing $365 9.0% 5.5% Software expense $254 6.3% 9.0% Net occupancy expense $180 5.3% (2.7)% Equipment expense $77 (2.5)% (14.4)% All other noninterest expense(1) $376 (14.4)% (8.7)% Total noninterest expense $3,105 1.6% 3.0% RAC loan sale costs $(40) Adjusted noninterest expense(2) $3,065 0.3% 1.7% Noninterest expense growth remains well controlled Noninterest expense (1) All other noninterest expense includes marketing and customer development, amortization of intangibles, regulatory costs, and other expense (2) Represents a non-GAAP financial measure that excludes selected items. The reconciliation to GAAP noninterest expense is in the table above. Noninterest expense details ($ in millions) – Noninterest expense increased 3.0%, primarily driven by: – higher personnel expense, partially offset by lower other expense – Adjusted noninterest expense increased 1.7% Vs. like quarter – Noninterest expense increased 1.6% primarily driven by: – higher personnel expense, which includes $40 million of costs associated with the RAC loan sale, and professional fees and outside processing expenses – partially offset by all other noninterest expense – Adjusted noninterest expense increased 0.3% Vs. linked quarter
13 ALLL Asset quality remains strong; RAC loan sale further strengthens credit risk profile 0.48% 0.48% 0.50% 0.51% 0.40% 3Q25 4Q25 1Q26 2Q26 3Q26 $436 $512 $479 $395 $(253) 3Q25 4Q25 1Q26 2Q26 3Q26 $385 $470 $491 $414 0.48% 0.57% 0.61% 0.50% 3Q25 4Q25 1Q26 2Q26 3Q26 Asset quality $4,988 $5,030 $5,026 $4,983 $4,063 ALLL ALLL ratio ALLL / NPL 3Q25 4Q25 1Q26 2Q26 3Q26 3.2x 1.54% 3.2x 1.53% 3.1x 1.53% 2.9x 1.51% 3.1x 1.25% $312(1) $629 0.77% 0.38%(1) NCO ratio ex. RAC NCOs NCO ratio NCOs ex. RAC $328(2) Reported Ex. RAC Provision for credit losses ($ in millions) NCO and NCO ratio ($ in millions) Nonperforming loans / LHFI (1) Excludes total NCOs for the quarter and total average loans related to RAC, as applicable, and represents a non-GAAP financial measure. See appendix for reconciliations. (2) Excludes a $581 million benefit from the release of ACL following recognition of held for sale-related charge-offs ($ in millions)
14 3Q26 actuals 4Q26 outlook Revenue-TE(1): $3.8 billion ~$5.35 billion (reflects $125 million reduction from RAC loan sale and $40 million increase from AFS securities repositioning) Noninterest expense: $3.1 billion Up 2.5% Net charge-off ratio: 0.77% ~0.45% Tax rate: 10.7% effective; 14.9% FTE ~13.5% effective; ~15.5% FTE Share repurchases: $1.2 billion ~$1 billion 4Q26 outlook (1) Revenue-TE is a non-GAAP financial measure; see appendix for reconciliation Outlook excludes impact of potential strategic actions
Appendix
A-1 3Q26 vs. 2Q26 vs. 3Q25 Income statement ($ MM) Net interest income 2,717 4.3 % 12.2 % Allocated provision for credit losses (299) (197.4) % (174.8) % Noninterest income 468 (11.5) % (11.7) % Noninterest expense 1,799 4.5 % 5.2 % Segment net income $1,276 53.0 % 100.6 % Balance sheet ($ B) Average loans(1) 131 (1.6) % (2.4) % Average deposits 216 (0.1) % 1.2 % Credit metrics NCOs 1.61 % 68 bps 74 bps NPLs / LHFI 0.43 % (34) bps (6) bps Key metrics Digital transactions as a % of total(2) 71% 60 bps 290 bps Truist Assist chat volume (MM) 2.0 1.4 % 54 % Debit / credit card spend ($ B) $32 (0.8) % 4.5 % ATMs 2,790 2,820 2,837 Branches 1,912 1,927 1,927 Segment results Results not adjusted for the RAC loan sale (1) Excludes loans held for sale (2) Digital transactions include transfers, Zelle, bill payments, mobile deposits, ACH, and wire transfers (3) The year-over-year AUA decline is primarily attributable to a 2025 divestiture 3Q26 CSBB segment results 3Q26 Wholesale segment results 3Q26 vs. 2Q26 vs. 3Q25 Income statement ($ MM) Net interest income $1,561 1.9 % (1.1) % Allocated provision for credit losses 47 (47.8) % 30.6 % Noninterest income 1,215 4.8 % 6.4 % Noninterest expense 1,397 0.9 % 6.0 % Segment net income $1,048 9.1 % (3.2) % Balance sheet ($ B) Average loans(1) 194 (0.8) % 4.5 % Average deposits 157 5.2 % 9.8 % Credit metrics NCOs 0.20 % (1) bp 1 bp NPLs / LHFI 0.38 % 4 bps (9) bps Key metrics Investment banking & trading income ($ MM) $324 (8.0) % 0.3 % Wealth management income ($ MM) $407 8.5 % 8.8 % Total wealth client assets ($ B)(3) $348 (0.3) % (4.4) %
A-2 Preferred dividend 4Q26 1Q27 2Q27 3Q27 Estimated dividends based on projected interest rates and amounts outstanding ($ in millions) $42 $112 $43 $112 Estimates assume forward-looking interest rates as of 9/30/2026. Actual interest rates and amounts outstanding could vary significantly causing dividend payments to differ from the estimates shown above.
A-3 Quarter Ended Sept. 30 2026 Net Income (loss) available to common shareholders (a) $ 684 Gross adjustments: Securities (gains) losses 1,447 Reserve recapture for RAC loan sale (581) RAC loan sale impact 106 Applicable income taxes related to adjustments:(1) Securities (gains) losses (346) Reserve recapture for RAC loan sale 139 RAC loan sale impact (26) Adjusted net income available to common shareholders(2) (b) 1,423 Weighted average shares outstanding - diluted (c) 1,226,342 Diluted EPS (a)/(c) 0.56 Adjusted diluted EPS(2) (b)/(c) 1.16 Non-GAAP reconciliations Adjusted net income and adjusted diluted EPS $ in millions, except per share data, shares in thousands (1) Calculated using the applicable marginal tax rate. (2) Adjusted net income available to common shareholders and adjusted diluted EPS are non-GAAP in that these measures exclude selected items, net of tax. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. Diluted EPS impact for individual items may not foot to difference between GAAP diluted and adjusted diluted EPS due to rounding.
A-4 Non-GAAP reconciliations Net interest income and NIM $ in millions (1) Taxable-equivalent interest income, taxable-equivalent net interest income, and taxable-equivalent net interest margin include a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods. (2) Applicable ratios are annualized.   Quarter Ended   Sept. 30 June 30 March 31 Dec. 31 Sept. 30 2026 2026 2026 2025 2025 Net interest income $ 3,663 $ 3,621 $ 3,599 $ 3,700 $ 3,629 Taxable-equivalent adjustment 44 46 45 49 51 Net interest income - TE(1) (a) $ 3,707 $ 3,667 $ 3,644 $ 3,749 $ 3,680 Total average earning assets (b) $ 491,430 $ 492,461 $ 486,354 $ 484,597 $ 486,006 NIM - TE(1)(2) (a)/(b) 3.00 % 2.98 % 3.02 % 3.07 % 3.01 %
A-5 Non-GAAP reconciliations Adjusted revenue $ in millions (1) Revenue is defined as net interest income plus noninterest income. (2) Adjusted revenue includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue additionally excludes selected items. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.   Quarter Ended   Sept. 30 2026 Revenue(1) $ 3,747 Taxable equivalent adjustment 44 Revenue - TE(1)(2) $ 3,791 Securities (gains) losses 1,447 Loss on RAC loan sale 66 Adjusted revenue - TE(1)(2) $ 5,304
A-6 Non-GAAP reconciliations Adjusted pre-provision net revenue $ in millions (1) PPNR is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes and includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted PPNR is a non-GAAP measure that additionally excludes selected items. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.   Quarter Ended   Sept. 30 2026 Net income $ 799 Provision (benefit) for credit losses (253) Provision for income taxes 96 Taxable-equivalent adjustment 44 PPNR(1) $ 686 Securities (gains) losses 1,447 RAC loan sale impact 106 Adjusted PPNR(1) $ 2,239
A-7 Non-GAAP reconciliations Tangible book value per common share and tangible common equity $ in millions, except per share data, shares data in thousands (1) Calculated using the applicable marginal tax rate. (2) Tangible common equity and related measures are non-GAAP measures that exclude preferred stock and intangible assets, net of deferred taxes. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess balance sheet risk and shareholder value. These measures are not necessarily comparable to similar measures that may be presented by other companies.   As of / Quarter Ended   Sept. 30 June 30 Sept. 30   2026 2026 2025 Total shareholders' equity $ 61,472 $ 64,095 $ 65,646 Preferred stock (5,411) (5,411) (5,907) Common shareholders’ equity (a) $ 56,061 $ 58,684 $ 59,739 Intangible assets (18,223) (18,287) (18,489) Applicable deferred taxes related to intangible assets(1) $ 397 $ 400 $ 413 Tangible common shareholders’ equity(2) (b) $ 38,235 $ 40,797 $ 41,663 Outstanding shares at end of period (c) 1,198,488 1,221,626 1,279,246 Common shareholders’ equity per common share (a)/(c) $ 46.78 $ 48.04 $ 46.70 TBVPS(2) (b)/(c) 31.90 33.40 32.57
A-8 Non-GAAP reconciliations Return on average tangible common equity ratios $ in millions, except per share data, shares data in thousands   As of / Quarter Ended   Sept. 30   2026 Net income available to common shareholders (a) $ 684 Amortization of intangibles 62 Applicable income taxes related to amortization of intangibles(1) (15) Tangible net income available to common shareholders(2) (b) $ 731 Gross adjustments: Securities (gains) losses 1,447 Reserve recapture for RAC loan sale (581) RAC loan sale impact 106 Applicable income taxes related to adjustments:(1) Securities (gains) losses (346) Reserve recapture for RAC loan sale 139 RAC loan sale impact (26) Total adjustments, net of tax (c) $ 739 Adjusted tangible net income available to common shareholders(2) (d) $ 1,470 Average common shareholders’ equity (e) $ 57,899 Average intangible assets (18,258) Applicable deferred taxes related to intangible assets(1) 398 Average tangible common shareholders’ equity(2) (f) $ 40,039 ROCE(3) (a)/(e) 4.7 % Adjusted ROCE(2)(3) (a+c)/(e) 9.8 % ROTCE(2)(3) (b)/(f) 7.2 % Adjusted ROTCE(2)(3) (d)/(f) 14.6 % (1) Calculated using the applicable marginal tax rate. (2) Tangible net income available to common shareholders, average tangible common shareholders’ equity, and ROTCE are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes. Adjusted tangible net income available to common shareholders and adjusted ROTCE are non-GAAP measures that additionally exclude other selected items. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess balance sheet risk and shareholder value. These measures are not necessarily comparable to similar measures that may be presented by other companies. (3) Applicable ratios are annualized.
A-9 Non-GAAP reconciliations Adjusted return on assets $ in millions   As of / Quarter Ended   Sept. 30 2026 Net income (a) $ 799 Gross adjustments: Securities (gains) losses 1,447 Reserve recapture for RAC loan sale (581) RAC loan sale impact 106 Applicable income taxes related to adjustments:(1) Securities (gains) losses (346) Reserve recapture for RAC loan sale 139 RAC loan sale impact (26) Adjusted net income(2) (b) 1,538 Average total assets (c) $ 549,766 ROA(3) (a)/(c) 0.6 % Adjusted ROA(2)(3) (b)/(c) 1.1 % (1) Calculated using the applicable marginal tax rate. (2) Adjusted ROA is a non-GAAP measure in that it excludes selected items. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges. (3) Applicable ratios are annualized.
A-10 Non-GAAP reconciliations Net charge-offs, excluding RAC $ in millions (1) Applicable ratios are annualized. (2) The net charge-off ratio excluding Regional Acceptance Corporation (RAC) is a non-GAAP measure in that it excludes certain loans and the related charge-offs. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results.   Quarter Ended   Sept. 30 2026 Net charge-offs (a) $ 629 Total net charge-offs related to RAC (317) Net charge-offs, excluding RAC (b) $ 312 Average loans and leases (c) $ 325,523 Total average loans related to RAC (3,643) Average loans and leases, excluding RAC (d) $ 321,880 Net charge-off ratio(1) (a)/(c) 0.77 % Net charge-off ratio, excluding RAC(1)(2) (b)/(d) 0.38 %