How much did Truist Financial (TFC) earnings per share grow year over year?

Diluted EPS for Truist in Q1 2026 was $1.09 , up 25% compared with $0.87 in Q1 2025. This increase reflects higher net income, improved efficiency, and solid contribution from both net interest income and noninterest income categories during the quarter.

Earnings jump at Truist (NYSE: TFC) with 25% EPS growth in Q1 2026

Q: What were Truist Financial (TFC) key profitability and efficiency metrics in Q1 2026?

In Q1 2026, Truist posted a ROCE of 9.3% and a ROTCE of 13.8% . The bank’s efficiency ratio improved to 57.9% as noninterest expense declined 5.9% from Q4 2025, indicating better cost control relative to its revenue base.

Q: How did Truist Financial’s (TFC) loans and deposits change in Q1 2026?

Average loans and leases held for investment were $327.0 billion , up 7.0% year over year. Average deposits reached $398.9 billion , increasing 1.7% versus Q1 2025. End-of-period deposits were $404.1 billion , reflecting broad-based growth in interest-bearing accounts.

Q: What is Truist Financial’s (TFC) capital position and shareholder payout for Q1 2026?

Truist reported a CET1 ratio of 10.8% as of March 31, 2026, indicating a solid capital base. The company declared a common dividend of $0.52 per share and repurchased $1.1 billion of common stock, leading to a total payout ratio of 129% .

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Truist Financial Corporation reported strong first quarter 2026 results, with net income available to common shareholders of $1.38 billion and diluted EPS of $1.09, up 25% from 1Q25. Total revenue on a taxable-equivalent basis was $5.20 billion, while noninterest expense fell 5.9% from 4Q25, improving the efficiency ratio to 57.9%.

Returns strengthened, with ROCE at 9.3% and ROTCE at 13.8%. Average loans grew 7.0% year over year and deposits rose 1.7%, supporting net interest income growth versus 1Q25. Asset quality remained solid, with nonperforming loans at 0.50% of loans and an ALLL ratio of 1.53%.

Capital levels stayed robust: the CET1 ratio was 10.8%. Truist returned substantial capital to shareholders through $0.52 per share in common dividends and $1.1 billion of common share repurchases, producing a total payout ratio of 129%.

Positive

Diluted EPS rose 25% year over year to $1.09 in Q1 2026, with net income available to common shareholders increasing to $1.38 billion, highlighting strong earnings momentum compared to the first quarter of 2025.

Negative

None.

Insights

Truist delivered solid profit growth, tight cost control, and robust capital returns in Q1 2026.

Truist generated net income available to common shareholders of $1.38 billion, with diluted EPS of $1.09, up 25% versus 1Q25. Revenue on a taxable-equivalent basis reached $5.20 billion, while pre-provision net revenue was $2.21 billion, showing healthy underlying earnings power.

Expense discipline was notable: noninterest expense declined 5.9% from 4Q25, improving the efficiency ratio to 57.9%. Credit costs edged up, with a net charge-off ratio of 0.61% and provision for credit losses of $479 million, but asset quality ratios stayed within a stable range.

Capital and shareholder returns were strong. The CET1 ratio held at 10.8% as of March 31, 2026, while Truist paid a $0.52 common dividend and repurchased $1.1 billion of stock, driving a total payout ratio of 129%. Future disclosures in company filings may further detail how management balances capital return with regulatory and growth considerations.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income to common: $1.38 billion Diluted EPS: $1.09 Total revenue - TE: $5.20 billion +5 more

8 metrics

Net income to common $1.38 billion Q1 2026 net income available to common shareholders

Diluted EPS $1.09 Q1 2026, up 25% vs Q1 2025

Total revenue - TE $5.20 billion Q1 2026 taxable-equivalent total revenue

Pre-provision net revenue $2.21 billion Q1 2026 PPNR from continuing operations

CET1 ratio 10.8% Regulatory capital ratio as of March 31, 2026

Efficiency ratio 57.9% Q1 2026 efficiency ratio after expense decline

Net charge-off ratio 0.61% Annualized NCOs as % of average loans and leases in Q1 2026

Common share repurchases $1.1 billion Q1 2026 common stock buybacks

Key Terms

Pre-provision net revenue, ROTCE, CET1 ratio, Net charge-offs, +2 more

6 terms

Pre-provision net revenue financial

"PPNR (1) | 2.21 | | 2.13 | | 2.04 |"

Pre-provision net revenue is a bank’s income from core operations — interest earned minus interest paid plus fees and other operating income, after operating costs — measured before setting aside funds for potential loan losses. Investors use it to gauge how well a bank’s everyday business generates money independent of one-time loss reserves, like judging a store’s sales and operating profit before accounting for an expected number of returned items.

ROTCE financial

"ROTCE (1) | 13.8 | | 12.7 | | 12.3 |"

Return on Tangible Common Equity (ROTCE) measures how much profit a company generates for common shareholders using the company’s tangible equity — the book value of shareholders’ equity after subtracting intangible assets (like goodwill) and preferred stock. For investors it shows the efficiency of a company’s core, visible capital in producing earnings; like comparing how much profit a shop makes relative to the actual cash-and-inventory value a small owner has invested, it helps assess true underlying profitability and capital returns.

CET1 ratio financial

"CET1 ratio (2) | 10.8 | | 10.8 | | 11.3 |"

CET1 ratio measures a bank's core equity capital (the most loss-absorbing funds like common stock and retained earnings) relative to the size of its risk-adjusted assets. It shows how big the bank's financial cushion is compared with what it has on its books; a higher ratio means greater ability to absorb losses, lower regulatory risk, and generally more investor confidence in the bank's stability.

Net charge-offs financial

"Net charge-offs | 491 | | | 470 | | | |"

Net charge-offs are the amount of loans or credit a lender removes from its books as uncollectible after subtracting any money later recovered from previously written-off accounts. Think of it like a store writing off unpaid tabs but getting back a few dollars later — the net figure shows the real loss. Investors watch this to judge a lender’s loan quality, future profits and how much capital may be needed to cover bad debts.

Allowance for loan and lease losses financial

"ALLL as a percentage of loans and leases HFI | 1.53 |"

Taxable-equivalent financial

"Taxable-equivalent net interest income was down $105 million, or 2.8%"

An adjustment that converts income from a tax-advantaged investment into the equivalent yield it would need to produce if it were fully taxable, so different investments can be compared on the same after-tax footing. For investors this matters because it shows the true, comparable return after accounting for tax differences—like converting prices that include sales tax so you can directly compare what you actually pay and receive.

Offering Details

earnings_snapshot

Offering

Offering Type earnings_snapshot

Understanding 8-K Material Events →

04/17/2026 - 06:30 AM

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

April 17, 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 (see General Instruction A.2. below):

☐ 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 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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 April 17, 2026, Truist Financial Corporation (“Truist”) issued a press release announcing its reporting of first quarter 2026 results and posted on its website its first 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 April 17, 2026.
99.2						Quarterly Performance Summary issued April 17, 2026.
99.3						Earnings Release Presentation issued April 17, 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: April 17, 2026


			News Release

Truist reports first quarter 2026 results

Net income available to common shareholders of $1.4 billion	EPS of $1.09 per diluted share, up 25% compared to 1Q25		Continued to return significant capital to shareholders through $1.8 billion of dividends and repurchases of common shares
1Q26 Key Financial Data		1Q26 Performance Highlights(3)




(Dollars in billions, except per share data)	1Q26			4Q25			1Q25
Summary Income Statement
Net interest income	$	3.60		$	3.70		$	3.51
Net interest income - TE(1)	3.64			3.75			3.56
Noninterest income	1.55			1.55			1.39
Total revenue	5.15			5.25			4.90
Total revenue - TE(1)	5.20			5.30			4.95


Noninterest expense	2.98			3.17			2.91


Net income	1.48			1.35			1.26
Net income available to common shareholders	1.38			1.29			1.16

PPNR(1)	2.21			2.13			2.04

Key Metrics


Diluted EPS	$	1.09		$	1.00		$	0.87

BVPS	47.60			47.74			44.85
TBVPS(1)	33.19			33.48			30.95



ROCE	9.3		%	8.5		%	8.1		%
ROTCE(1)	13.8			12.7			12.3
Efficiency ratio	57.9			60.4			59.3



NIM - TE(1)	3.02			3.07			3.01
NCO ratio	0.61			0.57			0.60

ALLL ratio	1.53			1.53			1.58
CET1 ratio(2)	10.8			10.8			11.3

Average Balances
Assets	$	544		$	542		$	532
Securities	116			118			124
Loans and leases	329			327			308
Deposits	399			396			392

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 First Quarter 2026 Quarterly Performance Summary.

(2)Current quarter capital ratios are preliminary.

(3)This section summarizes changes from first quarter of 2026 compared to fourth quarter of 2025, unless otherwise noted.

•Net income available to common shareholders was $1.4 billion, or $1.09 per diluted share, resulting in a ROCE of 9.3% and ROTCE(1) of 13.8%

•Total revenue - TE(1) was down 1.9%

◦Net interest income - TE(1) decreased 2.8%; NIM - TE(1) was down five basis points

◦Noninterest income was stable as an increase in investment banking and trading income was offset by lower other income

•Noninterest expense was down $187 million, or 5.9%, primarily due to lower other expense, personnel expense, and professional fees and outside processing expense, partially offset by higher regulatory costs due to an FDIC special assessment credit in 4Q25

•Average loans and leases HFI were $327.0 billion, up $2.3 billion, or 0.7%, due to continued loan growth in the commercial portfolio, partially offset by a decrease in the consumer portfolio

◦End of period loans and leases HFI were $329.2 billion, up $643 million, or 0.2%

•Average deposits were up $2.9 billion, or 0.7%

◦End of period deposits were $404.1 billion, up $3.7 billion, or 0.9%

•Asset quality remains strong

◦Nonperforming loans to total loans HFI were up two basis points

◦Loans 90 days or more past due to total loans HFI, excluding government guaranteed loans, were flat

◦ALLL ratio was flat

◦NCO ratio of 61 basis points was up four basis points; stable compared to the first quarter of 2025

•Capital levels remain strong

◦Repurchased $1.1 billion of common shares, resulting in a dividend and total payout ratio of 47% and 129%, respectively

◦CET1 ratio(2) was 10.8%


CEO Commentary

“We delivered a strong first quarter, with earnings per share up 25% from the first quarter of 2025, driven by disciplined execution against our strategic priorities and continued momentum across the franchise.

We continued to build new client relationships, grow in attractive markets, and generate high‑quality loan and deposit growth that is translating into improved profitability.

We also maintained strong asset quality metrics, returned capital to shareholders at an accelerated pace, and continued to invest in scalable technology to better serve our clients and operate more efficiently.

With continued execution against our strategic priorities, we are establishing a long-term ROTCE target of 16% to 18%. This reflects both the progress we’ve made thus far and our confidence in the durability and scalability of our strategy.”

— Bill Rogers, Truist Chairman & CEO


Contact:
Investors:	Brad Milsaps	investors@truist.com
Media:	Shelley Miller	media@truist.com


Net Interest Income, Net Interest Margin, and Average Balances
	Quarter Ended						Change
(Dollars in millions)	1Q26			4Q25				1Q25			Link Quarter				Like Quarter
Interest income	$	5,855		$	6,114			$	5,988		$	(259)	(4.2)	%		$	(133)	(2.2)	%
Plus: TE adjustment(1)	45			49				48			(4)		(8.2)			(3)		(6.3)
Interest income - TE(1)	5,900			6,163				6,036			(263)		(4.3)			(136)		(2.3)
Interest expense	2,256			2,414				2,481			(158)		(6.5)			(225)		(9.1)
Net interest income - TE(1)	$	3,644		$	3,749			$	3,555		$	(105)	(2.8)			$	89	2.5

NIM - TE(1)	3.02		%	3.07		%		3.01		%	(5) bps					1 bp


Average Balances(2)
Total earning assets	$	486,354		$	484,597			$	476,214		$	1,757	0.4	%		$	10,140	2.1	%
Total interest-bearing liabilities	363,363			358,724				349,059			4,639		1.3			14,304		4.1

Yields / Rates(1)
Total earning assets	4.90		%	5.05		%		5.12		%	(15) bps					(22) bps
Total interest-bearing liabilities	2.51			2.67				2.88			(16) bps					(37) 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 down $105 million, or 2.8%, compared to the fourth quarter of 2025, driven by two fewer days and deposit client mix. NIM - TE was 3.02%, down five basis points compared to the fourth quarter of 2025, driven by loan repricing, partially offset by loan growth and lower deposit costs.

•Average earning assets increased $1.8 billion, or 0.4%, primarily due to increases in average total loans of $2.2 billion, or 0.7%, and average other earning assets (primarily cash at the Federal Reserve) of $1.3 billion, or 3.9%, partially offset by a decline in average securities of $1.6 billion, or 1.3%.

•The yield on the average total loan portfolio was 5.71%, down 16 basis points. The yield on the average securities portfolio was 2.93%, down 11 basis points.

•Average deposits increased $2.9 billion, or 0.7%, average short-term borrowings increased $1.5 billion, or 5.3%, and average long-term debt decreased $2.0 billion, or 5.1%.

•The average cost of total deposits was 1.55%, down nine basis points. The average cost of short-term borrowings was 3.78%, down 30 basis points. The average cost of long-term debt was 4.80%, down 11 basis points.

Taxable-equivalent net interest income was up $89 million, or 2.5%, compared to the first quarter of 2025, driven by fixed-rate asset repricing and loan growth, partially offset by fixed-rate liability repricing. NIM - TE was 3.02%, up one basis point compared to the first quarter of 2025.

•Average earning assets increased $10.1 billion, or 2.1%, primarily due to an increase in average total loans of $21.4 billion, or 7.0%, partially offset by a decline in average securities of $7.9 billion, or 6.4%, and average other earning assets (primarily cash at the Federal Reserve) of $3.5 billion, or 9.1%.

•The yield on the average total loan portfolio was 5.71%, down 26 basis points. The yield on the average securities portfolio was 2.93%, down 23 basis points.

•Average deposits increased $6.7 billion, or 1.7%, average short-term borrowings increased $337 million, or 1.1%, and average long-term debt increased $4.7 billion, or 15%.

•The average cost of total deposits was 1.55%, down 24 basis points. The average cost of short-term borrowings was 3.78%, down 71 basis points. The average cost of long-term debt was 4.80%, down 25 basis points.

- 2 -


Noninterest Income
	Quarter Ended				Change
(Dollars in millions)	1Q26		4Q25			1Q25		Link Quarter				Like Quarter

Wealth management income	$	370	$	365		$	344	$	5	1.4	%		$	26	7.6	%
Card and treasury management fees	338		336			333		2		0.6			5		1.5
Investment banking and trading income	372		335			273		37		11.0			99		36.3
Other deposit revenue	120		121			117		(1)		(0.8)			3		2.6
Mortgage banking income	133		119			108		14		11.8			25		23.1
Lending related fees	118		98			95		20		20.4			23		24.2
Securities gains (losses)	—		—			(1)		—		—			1		(100.0)
Other income	102		172			123		(70)		(40.7)			(21)		(17.1)
Total noninterest income	$	1,553	$	1,546		$	1,392	$	7	0.5			$	161	11.6

Noninterest income was stable compared to the fourth quarter of 2025, driven by increased investment banking and trading income, offset by decreased other income, primarily due to lower income from certain equity investments and other investments.

Noninterest income was up $161 million, or 12%, compared to the first quarter of 2025.

•Investment banking and trading income increased primarily due to higher trading income and capital markets activity.

•Wealth management income increased primarily due to higher assets under management.

•Mortgage banking income increased primarily due to higher commercial and residential production revenues.


Noninterest Expense
	Quarter Ended				Change
(Dollars in millions)	1Q26		4Q25			1Q25		Link Quarter				Like Quarter
Personnel expense	$	1,727	$	1,818		$	1,604	$	(91)	(5.0)	%		$	123	7.7	%
Professional fees and outside processing	313		337			364		(24)		(7.1)			(51)		(14.0)
Software expense	230		242			230		(12)		(5.0)			—		—
Net occupancy expense	179		176			168		3		1.7			11		6.5
Equipment expense	85		90			82		(5)		(5.6)			3		3.7
Marketing and customer development	79		63			75		16		25.4			4		5.3
Amortization of intangibles	64		70			75		(6)		(8.6)			(11)		(14.7)
Regulatory costs	68		7			69		61		NM			(1)		(1.4)

Other expense	238		367			239		(129)		(35.1)			(1)		(0.4)
Total noninterest expense	$	2,983	$	3,170		$	2,906	$	(187)	(5.9)			$	77	2.6

Noninterest expense was down $187 million, or 5.9%, compared to the fourth quarter of 2025.

•Other expense decreased due to the incremental accrual related to executing a settlement agreement for a specific legal matter in the fourth quarter of 2025.

•Personnel expense decreased primarily due to lower incentives and severance charges, partially offset by seasonally higher payroll taxes.

•Professional fees and outside processing expense decreased primarily due to the completion of various projects.

•Regulatory costs increased primarily due to the fourth quarter of 2025 FDIC special assessment credit.

Noninterest expense was up $77 million, or 2.6%, compared to the first quarter of 2025.

•Personnel expense increased primarily due to increased salaries, incentives, and employee benefits related to hiring.

•Professional fees and outside processing expense decreased primarily due to the completion of various projects.

- 3 -


Provision for Income Taxes
	Quarter Ended						Change
(Dollars in millions)	1Q26			4Q25				1Q25			Link Quarter			Like Quarter
Provision for income taxes	$	209		$	210			$	274		$	(1)	(0.5)%		$	(65)	(23.7)%
Effective tax rate	12.4		%	13.4		%		17.9		%	(100) bps				(550) bps

The lower effective tax rate for the first quarter of 2026 compared to both the fourth quarter and first quarter of 2025 was primarily driven by discrete tax benefits and tax credit activity.


Average Loans and Leases
(Dollars in millions)	1Q26		4Q25		Change		% Change

Commercial:
Commercial and industrial	$	166,636	$	163,990	$	2,646	1.6	%
CRE	24,165		23,205		960		4.1
Commercial construction	7,845		8,015		(170)		(2.1)

Total commercial	198,646		195,210		3,436		1.8
Consumer:
Residential mortgage	56,458		57,100		(642)		(1.1)
Home equity	9,666		9,679		(13)		(0.1)
Indirect auto	25,342		25,639		(297)		(1.2)
Other consumer	32,053		32,181		(128)		(0.4)
Total consumer	123,519		124,599		(1,080)		(0.9)
Credit card	4,857		4,956		(99)		(2.0)
Total loans and leases held for investment	$	327,022	$	324,765	$	2,257	0.7

Average loans and leases HFI were $327.0 billion, an increase of $2.3 billion, or 0.7%, compared to the fourth quarter of 2025.

•Average commercial loans increased 1.8% primarily due to an increase in the commercial and industrial and CRE portfolios.

•Average consumer loans decreased 0.9% primarily due to a decline in the residential mortgage portfolio.

End of period loans and leases HFI were $329.2 billion, up $643 million, or 0.2% compared to December 31, 2025, primarily due to increases in the commercial and industrial and CRE portfolios, partially offset by declines in the indirect auto and residential mortgage portfolios.


Average Deposits
(Dollars in millions)	1Q26		4Q25		Change		% Change

Noninterest-bearing deposits	$	103,371	$	105,552	$	(2,181)	(2.1)	%
Interest checking	120,110		112,313		7,797		6.9
Money market and savings	136,106		138,114		(2,008)		(1.5)
Time deposits	39,337		40,031		(694)		(1.7)

Total deposits	$	398,924	$	396,010	$	2,914	0.7

Average deposits for the first quarter of 2026 were $398.9 billion, up $2.9 billion, or 0.7%, compared to the fourth quarter of 2025.

Average noninterest-bearing deposits decreased 2.1% compared to the fourth quarter of 2025 and represented 25.9% of total deposits for the first quarter of 2026 and 26.7% for the fourth quarter of 2025. Average interest checking deposits increased 6.9%. Average money market and savings accounts decreased 1.5%. Average time deposits decreased 1.7%.

End of period deposits were $404.1 billion, up $3.7 billion, or 0.9%, compared to December 31, 2025 primarily due to increases in interest checking deposits and time deposits, partially offset by a decline in money market and savings.

- 4 -


Capital Ratios
	1Q26		4Q25		3Q25		2Q25		1Q25
Risk-based:	(preliminary)
CET1	10.8	%	10.8	%	11.0	%	11.0	%	11.3	%
Tier 1	11.9		11.9		12.3		12.3		12.7
Total	13.7		13.8		14.2		14.3		14.7
Leverage	9.9		10.0		10.2		10.2		10.3
Supplementary leverage	8.3		8.3		8.5		8.5		8.7

Capital ratios remain strong relative to the regulatory requirements for well-capitalized banks. Truist’s CET1 ratio was 10.8% as of March 31, 2026, flat compared to December 31, 2025 as capital returned to shareholders was offset by current quarter earnings.

Truist declared common dividends of $0.52 per share during the first quarter of 2026 and repurchased $1.1 billion of common stock. The dividend and total payout ratios for the first quarter of 2026 were 47% and 129%, respectively.

Truist’s average consolidated LCR was 110% for the three months ended March 31, 2026, compared to the regulatory minimum of 100%.

- 5 -



Asset Quality
(Dollars in millions)	1Q26			4Q25			3Q25			2Q25			1Q25
Total nonperforming assets	$	1,785		$	1,633		$	1,629		$	1,316		$	1,618
Total loans 90 days or more past due and still accruing	760			684			584			546			616
Total loans 30-89 days past due and still accruing	1,743			1,980			1,743			1,811			1,619
Nonperforming loans and leases as a percentage of loans and leases HFI	0.50		%	0.48		%	0.48		%	0.39		%	0.48		%
Loans 90 days or more past due and still accruing as a percentage of loans and leases HFI	0.23			0.21			0.18			0.17			0.20
Loans 90 days or more past due and still accruing as a percentage of loans and leases HFI, excluding government guaranteed loans	0.05			0.05			0.05			0.04			0.05
Loans 30-89 days past due and still accruing as a percentage of loans and leases HFI	0.53			0.60			0.54			0.57			0.52
ALLL as a percentage of loans and leases HFI	1.53			1.53			1.54			1.54			1.58
Ratio of ALLL to NCO (annualized)	2.5x			2.7x			3.3x			3.1x			2.6x
Ratio of ALLL to nonperforming loans and leases HFI	3.1x			3.2x			3.2x			3.9x			3.3x

Nonperforming assets totaled $1.8 billion at March 31, 2026, up $152 million compared to December 31, 2025, primarily due to increases in the indirect auto and LHFS portfolios and partially offset by decreases in the commercial and industrial and CRE portfolios. The increase in indirect auto was driven by an enhancement to nonaccrual criteria for certain loans in that portfolio effective January 1, 2026. Nonperforming loans and leases were 0.50% of loans and leases HFI at March 31, 2026, up two basis points compared to December 31, 2025.

Loans 90 days or more past due and still accruing totaled $760 million at March 31, 2026, up two basis points as a percentage of loans and leases compared with December 31, 2025. Excluding government guaranteed loans, the ratio of loans 90 days or more past due and still accruing as a percentage of loans and leases was 0.05% at March 31, 2026, flat compared to December 31, 2025.

Loans 30-89 days past due and still accruing totaled $1.7 billion at March 31, 2026, down $237 million, or seven basis points as a percentage of loans and leases, compared to December 31, 2025.

The ACL was $5.3 billion at March 31, 2026, and included $5.0 billion for the ALLL and $309 million for the reserve for unfunded commitments. The ALLL ratio at March 31, 2026 was 1.53%, flat compared with December 31, 2025. The ALLL covered nonperforming loans and leases HFI 3.1x at March 31, 2026, compared to 3.2x at December 31, 2025. At March 31, 2026, the ALLL was 2.5x annualized net charge-offs, compared to 2.7x at December 31, 2025.


Provision for Credit Losses
	Quarter Ended						Change
(Dollars in millions)	1Q26			4Q25				1Q25			Link Quarter				Like Quarter
Provision for credit losses	$	479		$	512			$	458		$	(33)	(6.4)	%		$	21	4.6	%
Net charge-offs	491			470				454			21		4.5			37		8.1

Net charge-offs as a percentage of average loans and leases (annualized)	0.61		%	0.57		%		0.60		%	4 bps					1 bp

The provision for credit losses was $479 million for the first quarter of 2026, compared to $512 million for the fourth quarter of 2025.

•The provision for credit losses decreased compared to the fourth quarter of 2025 as the allowance remained stable in the current quarter while the prior quarter reflected an allowance build.

•The NCO for the current quarter was up compared to the fourth quarter of 2025 primarily driven by higher net charge-offs in the commercial construction portfolio.

The provision for credit losses was $479 million for the first quarter of 2026, compared to $458 million for the first quarter of 2025.

- 6 -


Earnings Presentation and Quarterly Performance Summary

Investors can access the live first quarter 2026 earnings call at 8 a.m. ET today by webcast or dial-in as follows:

Webcast: app.webinar.net/7W4qlGD2wzg

Dial-in: 1-877-883-0383, passcode 4353788

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 First 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 $549 billion as of March 31, 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
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
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			First quarter of 2025
Link Quarter			Fourth quarter of 2025
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 their 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:

•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 their 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 - Pre-provision net revenue 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. Truist’s management calculated this measure based on Truist’s continuing operations. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.

•Tangible Common Equity and Related Measures - Tangible common equity, average tangible common equity, and related measures, including ROTCE and TBVPS, are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes, and their related amortization. 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 First 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.

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, 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 execute strategic and operational plans, including with respect to accelerating growth, improving profitability, investing in talent, technology, and risk infrastructure, maintaining expense, credit, and risk discipline, and returning capital to shareholders;

•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 -

Quarterly Performance Summary

Truist Financial Corporation

First 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						5

Segment Financial Performance						7
Capital Information						8
Selected Mortgage Banking Information & Additional Information						9
Selected Items						10
Non-GAAP Reconciliations						11

Financial Highlights


	Quarter Ended
(Dollars in millions, except per share data, shares in thousands)	March 31			Dec. 31			Sept. 30			June 30			March 31
	2026			2025			2025			2025			2025
Summary Income Statement
Interest income	$	5,855		$	6,114		$	6,286		$	6,154		$	5,988
Plus: TE adjustment	45			49			51			48			48
Interest income - TE(1)	5,900			6,163			6,337			6,202			6,036
Interest expense	2,256			2,414			2,657			2,567			2,481
Net interest income	3,599			3,700			3,629			3,587			3,507
Net interest income - TE(1)	3,644			3,749			3,680			3,635			3,555
Provision for credit losses	479			512			436			488			458
Net interest income after provision for credit losses	3,120			3,188			3,193			3,099			3,049
Noninterest income	1,553			1,546			1,558			1,400			1,392
Noninterest expense	2,983			3,170			3,014			2,986			2,906
Income before income taxes	1,690			1,564			1,737			1,513			1,535
Provision for income taxes	209			210			285			273			274
Net income from continuing operations	1,481			1,354			1,452			1,240			1,261

Net income	1,481			1,354			1,452			1,240			1,261



Preferred stock dividends and other	104			65			104			60			104
Net Income available to common shareholders	1,377			1,289			1,348			1,180			1,157

Additional Income Statement Information
Revenue	5,152			5,246			5,187			4,987			4,899
Revenue - TE(1)	5,197			5,295			5,238			5,035			4,947
PPNR(1)	2,214			2,125			2,224			2,049			2,041

Key Metrics
Earnings:


Earnings per share-basic	1.10			1.02			1.05			0.91			0.88


Earnings per share-diluted	1.09			1.00			1.04			0.90			0.87

Cash dividends declared per share	0.52			0.52			0.52			0.52			0.52
BVPS	47.60			47.74			46.70			45.70			44.85
TBVPS(1)	33.19			33.48			32.57			31.63			30.95
End of period shares outstanding	1,245,879			1,262,470			1,279,246			1,289,435			1,309,539
Weighted average shares outstanding-basic	1,248,628			1,267,341			1,280,571			1,292,292			1,307,457
Weighted average shares outstanding-diluted	1,266,572			1,285,078			1,296,666			1,305,005			1,324,339
ROA	1.10		%	0.99		%	1.06		%	0.93		%	0.96		%
ROCE	9.3			8.5			9.0			8.1			8.1
ROTCE(1)	13.8			12.7			13.6			12.3			12.3
NIM - TE(1)	3.02			3.07			3.01			3.02			3.01
Efficiency ratio	57.9			60.4			58.1			59.9			59.3



Credit Quality
Nonperforming loans and leases as a percentage of loans and leases HFI	0.50		%	0.48		%	0.48		%	0.39		%	0.48		%
NCO as a percentage of average loans and leases HFI	0.61			0.57			0.48			0.51			0.60

ALLL as a percentage of loans and leases HFI	1.53			1.53			1.54			1.54			1.58
Ratio of ALLL to nonperforming loans and leases HFI	3.1x			3.2x			3.2x			3.9x			3.3x
Average Balances
Assets	$	544,121		$	542,233		$	541,825		$	537,069		$	531,630
Securities(2)	116,118			117,707			119,180			121,829			124,061
Loans and leases	328,972			326,737			322,070			313,841			307,528
Deposits	398,924			396,010			396,600			400,483			392,204
Common shareholders’ equity	59,879			59,991			59,141			58,327			58,125
Total shareholders’ equity	64,794			65,338			65,049			64,235			64,033
Period-End Balances
Assets	$	548,975		$	547,538		$	543,851		$	543,833		$	535,899
Securities(2)	111,866			112,228			113,544			115,363			117,888
Loans and leases	331,412			330,478			325,663			319,999			309,752
Deposits	404,081			400,398			394,907			406,122			403,736
Common shareholders’ equity	59,298			60,273			59,739			58,933			58,728
Total shareholders’ equity	64,214			65,189			65,646			64,840			64,635
Capital and Liquidity Ratios	(preliminary)
Common equity tier 1	10.8		%	10.8		%	11.0		%	11.0		%	11.3		%
Tier 1	11.9			11.9			12.3			12.3			12.7
Total	13.7			13.8			14.2			14.3			14.7
Leverage	9.9			10.0			10.2			10.2			10.3
Supplementary leverage	8.3			8.3			8.5			8.5			8.7
Liquidity coverage ratio	110			111			110			110			111

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)Includes AFS and HTM securities. Average balances reflect AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.

- 1 -

Consolidated Statements of Income


	Quarter Ended
	March 31		Dec. 31		Sept. 30		June 30		March 31
(Dollars in millions, except per share data, shares in thousands)	2026		2025		2025		2025		2025
Interest Income
Interest and fees on loans and leases	$	4,599	$	4,778	$	4,816	$	4,657	$	4,493
Interest on securities	849		896		941		961		975
Interest on other earning assets	407		440		529		536		520
Total interest income	5,855		6,114		6,286		6,154		5,988
Interest Expense
Interest on deposits	1,525		1,633		1,835		1,844		1,736
Interest on long-term debt	445		481		523		431		409
Interest on other borrowings	286		300		299		292		336
Total interest expense	2,256		2,414		2,657		2,567		2,481
Net Interest Income	3,599		3,700		3,629		3,587		3,507
Provision for credit losses	479		512		436		488		458
Net Interest Income After Provision for Credit Losses	3,120		3,188		3,193		3,099		3,049
Noninterest Income

Wealth management income	370		365		374		348		344
Card and treasury management fees	338		336		340		351		333
Investment banking and trading income	372		335		323		205		273
Other deposit revenue	120		121		125		108		117
Mortgage banking income	133		119		118		107		108
Lending related fees	118		98		103		99		95
Securities gains (losses)	—		—		—		(18)		(1)
Other income	102		172		175		200		123
Total noninterest income	1,553		1,546		1,558		1,400		1,392
Noninterest Expense
Personnel expense	1,727		1,818		1,748		1,678		1,604
Professional fees and outside processing	313		337		346		373		364
Software expense	230		242		233		231		230
Net occupancy expense	179		176		185		181		168
Equipment expense	85		90		90		89		82
Marketing and customer development	79		63		79		82		75
Amortization of intangibles	64		70		72		73		75
Regulatory costs	68		7		32		55		69

Other expense	238		367		229		224		239
Total noninterest expense	2,983		3,170		3,014		2,986		2,906
Earnings
Income before income taxes	1,690		1,564		1,737		1,513		1,535
Provision for income taxes	209		210		285		273		274
Net income (loss) from continuing operations	1,481		1,354		1,452		1,240		1,261

Net income	1,481		1,354		1,452		1,240		1,261




Preferred stock dividends and other	104		65		104		60		104


Net income available to common shareholders	$	1,377	$	1,289	$	1,348	$	1,180	$	1,157
Earnings Per Common Share


Earnings per share-basic	1.10		1.02		1.05		0.91		0.88


Earnings per share-diluted	1.09		1.00		1.04		0.90		0.87
Weighted Average Shares Outstanding
Basic	1,248,628		1,267,341		1,280,571		1,292,292		1,307,457
Diluted	1,266,572		1,285,078		1,296,666		1,305,005		1,324,339

- 2 -

Consolidated Ending Balance Sheets - Five Quarter Trend


	March 31		Dec. 31		Sept. 30		June 30		March 31
(Dollars in millions)	2026		2025		2025		2025		2025
Assets
Cash and due from banks	$	4,294	$	4,967	$	4,329	$	5,157	$	5,996
Interest-bearing deposits with banks	31,903		31,410		32,523		36,294		36,175
Securities borrowed or purchased under resale agreements	4,047		3,200		2,981		2,656		2,810
Trading assets at fair value	5,235		5,790		5,731		5,963		5,838
AFS securities at fair value	65,430		65,042		65,522		66,390		68,012
HTM securities at amortized cost	46,436		47,186		48,022		48,973		49,876
Loans and leases:
Commercial:
Commercial and industrial	169,247		167,808		163,607		162,273		156,679
CRE	24,447		23,720		22,414		20,270		19,578
Commercial construction	7,620		7,783		8,027		8,277		8,766
Consumer:
Residential mortgage	56,297		56,807		57,623		57,828		56,099
Home equity	9,633		9,719		9,618		9,591		9,523
Indirect auto	25,054		25,659		25,490		24,558		23,628
Other consumer	32,097		32,181		32,070		31,122		29,537
Credit card	4,843		4,918		4,889		4,877		4,828
Total loans and leases held for investment	329,238		328,595		323,738		318,796		308,638
Loans held for sale	2,174		1,883		1,925		1,203		1,114
Total loans and leases	331,412		330,478		325,663		319,999		309,752
Allowance for loan and lease losses	(5,026)		(5,030)		(4,988)		(4,899)		(4,870)
Premises and equipment	3,145		3,172		3,176		3,197		3,168
Goodwill	17,125		17,125		17,125		17,125		17,125
Core deposit and other intangible assets	1,192		1,256		1,328		1,399		1,473
Loan servicing rights at fair value	4,112		3,972		3,776		3,612		3,628
Other assets	39,670		38,970		38,663		37,967		36,916
Total assets	$	548,975	$	547,538	$	543,851	$	543,833	$	535,899
Liabilities
Deposits:
Noninterest-bearing deposits	$	105,460	$	105,092	$	106,197	$	106,442	$	108,461
Interest checking	123,257		117,830		109,827		118,122		118,043
Money market and savings	135,702		139,044		135,931		133,891		136,777
Time deposits	39,662		38,432		42,952		47,667		40,455
Total deposits	404,081		400,398		394,907		406,122		403,736
Short-term borrowings	27,441		27,839		29,376		16,631		23,730
Long-term debt	41,622		41,963		41,729		44,427		32,030
Other liabilities	11,617		12,149		12,193		11,813		11,768
Total liabilities	484,761		482,349		478,205		478,993		471,264
Shareholders’ Equity:
Preferred stock	4,916		4,916		5,907		5,907		5,907
Common stock	6,229		6,312		6,396		6,447		6,548
Additional paid-in capital	32,610		33,663		34,278		34,620		35,178
Retained earnings	26,796		26,067		25,438		24,759		24,252
Accumulated other comprehensive loss	(6,337)		(5,769)		(6,373)		(6,893)		(7,250)

Total shareholders’ equity	64,214		65,189		65,646		64,840		64,635
Total liabilities and shareholders’ equity	$	548,975	$	547,538	$	543,851	$	543,833	$	535,899

- 3 -

Average Balances and Rates - Quarters


	Quarter Ended
	March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 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	$	13,138	$	145	4.48	%	$	13,275	$	162	4.82	%	$	13,351	$	174	5.18	%	$	14,034	$	181	5.20	%	$	14,867	$	191	5.19	%
GSE	474		5		3.98		478		4		3.80		458		4		3.86		463		5		3.73		462		4		3.75
Agency MBS	102,089		696		2.73		103,591		727		2.81		104,998		760		2.89		106,947		772		2.89		108,345		777		2.87
States and political subdivisions	347		3		4.30		349		4		4.27		358		3		4.19		370		4		4.20		370		4		4.20

Other	70		—		1.65		14		—		4.42		15		1		4.50		15		—		4.53		17		—		4.72
Total securities	116,118		849		2.93		117,707		897		3.04		119,180		942		3.16		121,829		962		3.16		124,061		976		3.16
Loans and leases:
Commercial:
Commercial and industrial	166,636		2,179		5.30		163,990		2,267		5.49		162,207		2,312		5.66		158,491		2,262		5.72		155,214		2,184		5.70
CRE	24,165		339		5.64		23,205		354		5.99		21,171		336		6.25		19,687		308		6.22		19,832		302		6.12
Commercial construction	7,845		117		6.21		8,015		129		6.52		8,258		139		6.84		8,613		144		6.85		8,734		145		6.84
Consumer:
Residential mortgage	56,458		582		4.13		57,100		589		4.13		57,676		598		4.15		56,789		579		4.08		55,658		562		4.04
Home equity	9,666		167		6.99		9,679		176		7.24		9,588		182		7.51		9,586		178		7.47		9,569		177		7.48
Indirect auto	25,342		443		7.08		25,639		469		7.27		24,964		459		7.29		24,158		441		7.32		23,248		412		7.19
Other consumer	32,053		662		8.38		32,181		677		8.35		31,714		668		8.36		30,387		634		8.37		29,291		602		8.33
Credit card	4,857		129		10.79		4,956		136		10.89		4,915		146		11.74		4,890		139		11.35		4,849		138		11.60
Total loans and leases held for investment	327,022		4,618		5.71		324,765		4,797		5.87		320,493		4,840		6.00		312,601		4,685		6.01		306,395		4,522		5.97
Loans held for sale	1,950		26		5.24		1,972		28		5.64		1,577		24		6.18		1,240		19		6.15		1,133		17		5.93
Total loans and leases	328,972		4,644		5.71		326,737		4,825		5.87		322,070		4,864		6.00		313,841		4,704		6.01		307,528		4,539		5.97
Interest earning trading assets	5,807		74		5.09		6,015		82		5.38		5,991		86		5.70		5,896		88		5.98		5,628		80		5.72
Other earning assets(3)	35,457		333		3.77		34,138		359		4.13		38,765		445		4.50		39,417		448		4.51		38,997		441		4.53
Total earning assets	486,354		5,900		4.90		484,597		6,163		5.05		486,006		6,337		5.18		480,983		6,202		5.16		476,214		6,036		5.12
Nonearning assets	57,767						57,636						55,819						56,086						55,416
Total assets	$	544,121					$	542,233					$	541,825					$	537,069					$	531,630
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking	$	120,110	619		2.09		$	112,313	618		2.18		$	109,244	677		2.46		$	116,193	726		2.51		$	109,208	640		2.37
Money market and savings	136,106		609		1.81		138,114		677		1.95		136,515		755		2.19		135,607		751		2.22		136,897		743		2.20
Time deposits	39,337		297		3.06		40,031		338		3.35		45,090		403		3.54		41,997		367		3.50		40,204		353		3.56
Total interest-bearing deposits	295,553		1,525		2.09		290,458		1,633		2.23		290,849		1,835		2.50		293,797		1,844		2.52		286,309		1,736		2.46
Short-term borrowings	30,669		286		3.78		29,128		300		4.08		26,796		299		4.42		26,241		292		4.47		30,332		336		4.49
Long-term debt	37,141		445		4.80		39,138		481		4.91		41,458		523		5.04		34,213		431		5.02		32,418		409		5.05
Total interest-bearing liabilities	363,363		2,256		2.51		358,724		2,414		2.67		359,103		2,657		2.94		354,251		2,567		2.91		349,059		2,481		2.88
Noninterest-bearing deposits	103,371						105,552						105,751						106,686						105,895
Other liabilities	12,593						12,619						11,922						11,897						12,643
Shareholders’ equity	64,794						65,338						65,049						64,235						64,033
Total liabilities and shareholders’ equity	$	544,121					$	542,233					$	541,825					$	537,069					$	531,630
Average interest-rate spread					2.39						2.38						2.24						2.25						2.24

Net interest income / net interest margin -TE(2)			$	3,644	3.02	%			$	3,749	3.07	%			$	3,680	3.01	%			$	3,635	3.02	%			$	3,555	3.01	%
TE adjustment(2)			45						49						51						48						48
Net interest income			$	3,599					$	3,700					$	3,629					$	3,587					$	3,507
Memo: Total deposits	$	398,924	1,525		1.55	%	$	396,010	1,633		1.64	%	$	396,600	1,835		1.84	%	$	400,483	1,844		1.85	%	$	392,204	1,736		1.79	%

(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 -

Credit Quality


	March 31		Dec. 31		Sept. 30		June 30		March 31
(Dollars in millions)	2026		2025		2025		2025		2025
Nonperforming Assets
Nonaccrual loans and leases:
Commercial:
Commercial and industrial	$	738	$	839	$	800	$	520	$	586
CRE	21		47		98		128		294
Commercial construction	23		41		42		1		2

Consumer:
Residential mortgage	231		213		196		191		179
Home equity	101		99		103		107		114
Indirect auto	455		267		247		240		248
Other consumer	73		71		66		64		65


Total nonaccrual loans and leases held for investment	1,642		1,577		1,552		1,251		1,488
Loans held for sale	79		—		19		12		77
Total nonaccrual loans and leases	1,721		1,577		1,571		1,263		1,565
Foreclosed real estate	6		3		4		4		4

Other foreclosed property	58		53		54		49		49
Total nonperforming assets	$	1,785	$	1,633	$	1,629	$	1,316	$	1,618



















Loans 90 Days or More Past Due and Still Accruing
Commercial:
Commercial and industrial	$	4	$	3	$	3	$	2	$	5



Consumer:
Residential mortgage - government guaranteed	609		532		438		424		468
Residential mortgage - nonguaranteed	39		38		41		41		62
Home equity	7		7		6		6		6

Other consumer	26		28		27		24		23


Credit card	75		76		69		49		52

Total loans 90 days past due and still accruing	$	760	$	684	$	584	$	546	$	616
Loans 30-89 Days Past Due and Still Accruing
Commercial:
Commercial and industrial	$	260	$	127	$	73	$	122	$	118
CRE	42		25		6		34		12
Commercial construction	10		36		5		15		—

Consumer:
Residential mortgage - government guaranteed	263		329		327		330		284
Residential mortgage - nonguaranteed	293		357		344		365		347
Home equity	57		69		54		54		57
Indirect auto	508		679		620		582		484
Other consumer	240		281		241		239		246


Credit card	70		77		73		70		71

Total loans 30-89 days past due and still accruing	$	1,743	$	1,980	$	1,743	$	1,811	$	1,619



	As of/For the Quarter Ended
	March 31		Dec. 31		Sept. 30		June 30		March 31
	2026		2025		2025		2025		2025
Asset Quality Ratios
Nonperforming loans and leases as a percentage of loans and leases	0.50	%	0.48	%	0.48	%	0.39	%	0.48	%
Nonperforming loans and leases(1) as a percentage of total loans and leases(1)	0.52		0.48		0.48		0.39		0.51
Nonperforming assets(1) as a percentage of total assets	0.33		0.30		0.30		0.24		0.30
Nonperforming assets as a percentage of loans and leases plus foreclosed property	0.52		0.50		0.50		0.41		0.50
Loans 90 days or more past due and still accruing as a percentage of loans and leases	0.23		0.21		0.18		0.17		0.20
Loans 90 days or more past due and still accruing as a percentage of loans and leases, excluding government guaranteed loans	0.05		0.05		0.05		0.04		0.05
Loans 30-89 days past due and still accruing as a percentage of loans and leases	0.53		0.60		0.54		0.57		0.52
Allowance for loan and lease losses as a percentage of loans and leases	1.53		1.53		1.54		1.54		1.58
Ratio of allowance for loan and lease losses to:
Net charge-offs (annualized)	2.5X		2.7X		3.3X		3.1X		2.6X
Nonperforming loans and leases	3.1X		3.2X		3.2X		3.9X		3.3X
(1)Nonperforming assets and total loans and leases include loans held for sale.

- 5 -



	As of/For the Quarter Ended
	March 31		Dec. 31		Sept. 30		June 30		March 31
(Dollars in millions)	2026		2025		2025		2025		2025
Allowance for Credit Losses
Beginning balance	$	5,347	$	5,305	$	5,253	$	5,166	$	5,161
Provision for credit losses	479		512		436		488		458
Charge-offs:
Commercial:
Commercial and industrial	(142)		(141)		(98)		(120)		(102)
CRE	(7)		(14)		(25)		(38)		(70)
Commercial construction	(17)		—		—		—		—

Consumer:
Residential mortgage	(1)		(3)		(1)		(1)		(1)
Home equity	(3)		(2)		(2)		(4)		(2)
Indirect auto	(158)		(160)		(150)		(127)		(154)
Other consumer	(184)		(178)		(155)		(146)		(154)

Credit card	(71)		(67)		(49)		(70)		(74)

Total charge-offs	(583)		(565)		(480)		(506)		(557)
Recoveries:
Commercial:
Commercial and industrial	16		23		20		31		24
CRE	3		6		2		3		7
Commercial construction	1		1		—		1		—

Consumer:
Residential mortgage	2		1		2		—		2
Home equity	3		3		5		4		4
Indirect auto	25		24		25		28		25
Other consumer	33		28		31		31		30

Credit card	9		9		10		12		11

Total recoveries	92		95		95		110		103
Net charge-offs	(491)		(470)		(385)		(396)		(454)
Other	—		—		1		(5)		1
Ending balance	$	5,335	$	5,347	$	5,305	$	5,253	$	5,166
Allowance for Credit Losses:


Allowance for loan and lease losses	$	5,026	$	5,030	$	4,988	$	4,899	$	4,870
Reserve for unfunded lending commitments	309		317		317		354		296
Allowance for credit losses	$	5,335	$	5,347	$	5,305	$	5,253	$	5,166


	Quarter Ended
	March 31		Dec. 31		Sept. 30		June 30		March 31
	2026		2025		2025		2025		2025
Net Charge-offs as a Percentage of Average Loans and Leases:
Commercial:
Commercial and industrial	0.31	%	0.29	%	0.19	%	0.22	%	0.20	%
CRE	0.06		0.14		0.44		0.71		1.29
Commercial construction	0.84		(0.04)		(0.03)		(0.02)		(0.02)
Consumer:
Residential mortgage	(0.01)		0.01		—		—		—
Home equity	(0.02)		(0.04)		(0.11)		(0.04)		(0.07)
Indirect auto	2.14		2.10		1.99		1.63		2.26
Other consumer	1.91		1.84		1.55		1.54		1.71
Credit card	5.15		4.64		3.13		4.84		5.21

Total loans and leases	0.61		0.57		0.48		0.51		0.60

Ratios are annualized.

- 6 -

Segment Financial Performance - Preliminary



	Quarter Ended
	March 31		Dec. 31		Sept. 30		June 30		March 31
(Dollars in millions)	2026		2025		2025		2025		2025
Consumer and Small Business Banking
Net interest income (expense)	$	1,605	$	1,621	$	1,570	$	1,496	$	1,435
Net intersegment interest income (expense)	891		865		854		830		813
Segment net interest income (expense)	2,496		2,486		2,424		2,326		2,248
Allocated provision for credit losses	374		431		400		384		327


Noninterest income	529		521		530		519		503
Personnel expense	433		443		449		434		434
Amortization of intangibles	34		36		39		39		39

Other direct noninterest expense	293		288		280		286		287
Direct noninterest expense	760		767		768		759		760
Expense allocations	920		934		937		940		903
Total noninterest expense	1,680		1,701		1,705		1,699		1,663
Income (loss) before income taxes	971		875		849		762		761
Provision (benefit) for income taxes	238		212		207		186		185
Segment net income (loss)	$	733	$	663	$	642	$	576	$	576




Wholesale Banking
Net interest income (expense)	$	1,922	$	2,019	$	2,029	$	1,872	$	1,883
Net intersegment interest income (expense)	(416)		(401)		(450)		(303)		(381)
Segment net interest income (expense)	1,506		1,618		1,579		1,569		1,502
Allocated provision for credit losses	105		82		36		104		132


Noninterest income	1,068		1,134		1,142		941		947
Personnel expense	612		668		598		573		557
Amortization of intangibles	30		34		33		34		36

Other direct noninterest expense	187		188		199		203		193
Direct noninterest expense	829		890		830		810		786
Expense allocations	521		465		485		519		517
Total noninterest expense	1,350		1,355		1,315		1,329		1,303
Income (loss) before income taxes	1,119		1,315		1,370		1,077		1,014
Provision (benefit) for income taxes	231		273		285		214		201
Segment net income (loss)	$	888	$	1,042	$	1,085	$	863	$	813































Other, Treasury & Corporate(1)
Net interest income (expense)	$	72	$	60	$	30	$	219	$	189
Net intersegment interest income (expense)	(475)		(464)		(404)		(527)		(432)
Segment net interest income (expense)	(403)		(404)		(374)		(308)		(243)
Allocated provision for credit losses	—		(1)		—		—		(1)


Noninterest income	(44)		(109)		(114)		(60)		(58)
Personnel expense	682		707		701		671		613
Amortization of intangibles	—		—		—		—		—

Other direct noninterest expense	712		806		715		746		747
Direct Noninterest Expense	1,394		1,513		1,416		1,417		1,360
Expense Allocations	(1,441)		(1,399)		(1,422)		(1,459)		(1,420)
Total noninterest expense	(47)		114		(6)		(42)		(60)
Income (loss) before income taxes	(400)		(626)		(482)		(326)		(240)
Provision (benefit) for income taxes	(260)		(275)		(207)		(127)		(112)
Segment net income (loss)	$	(140)	$	(351)	$	(275)	$	(199)	$	(128)


Total Truist Financial Corporation
Net interest income (expense)	$	3,599	$	3,700	$	3,629	$	3,587	$	3,507
Net intersegment interest income (expense)	—		—		—		—		—
Segment net interest income (expense)	3,599		3,700		3,629		3,587		3,507
Allocated provision for credit losses	479		512		436		488		458
Noninterest income	1,553		1,546		1,558		1,400		1,392


Personnel expense	1,727		1,818		1,748		1,678		1,604
Amortization of intangibles	64		70		72		73		75

Other direct noninterest expense	1,192		1,282		1,194		1,235		1,227
Direct Noninterest Expense	2,983		3,170		3,014		2,986		2,906
Expense Allocations	—		—		—		—		—
Total noninterest expense	2,983		3,170		3,014		2,986		2,906
Income before income taxes	1,690		1,564		1,737		1,513		1,535
Provision for income taxes	209		210		285		273		274
Net Income from continuing operations	$	1,481	$	1,354	$	1,452	$	1,240	$	1,261

(1)Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.

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Capital Information - Five Quarter Trend


	As of/For the Quarter Ended
	March 31			Dec. 31			Sept. 30			June 30			March 31
(Dollars in millions, except per share data, shares in thousands)	2026			2025			2025			2025			2025
Selected Capital Information	(preliminary)
Risk-based capital:
Common equity tier 1	$	47,684		$	48,027		$	48,031		$	47,678		$	47,767
Tier 1	52,597			52,940			53,935			53,582			53,671
Total	60,471			61,255			62,377			62,119			62,349
Risk-weighted assets	441,485			443,257			438,114			434,609			424,059
Average quarterly assets for leverage ratio	530,908			529,156			529,861			525,567			519,981
Average quarterly assets for supplementary leverage ratio	637,276			635,249			635,076			626,855			619,992
Risk-based capital ratios:
Common equity tier 1	10.8		%	10.8		%	11.0		%	11.0		%	11.3		%
Tier 1	11.9			11.9			12.3			12.3			12.7
Total	13.7			13.8			14.2			14.3			14.7
Leverage capital ratio	9.9			10.0			10.2			10.2			10.3
Supplementary leverage	8.3			8.3			8.5			8.5			8.7
Common equity per common share	$	47.60		$	47.74		$	46.70		$	45.70		$	44.85

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Selected Mortgage Banking Information & Additional Information


	As of/For the Quarter Ended
	March 31			Dec. 31			Sept. 30			June 30			March 31
(Dollars in millions, except per share data)	2026			2025			2025			2025			2025
Mortgage Banking Income
Residential mortgage income:
Residential mortgage production revenue	$	27		$	26		$	22		$	25		$	19
Residential mortgage servicing income:


Residential mortgage servicing income before MSR valuation	82			77			74			72			87




Net MSRs valuation	9			1			9			1			(4)
Total residential mortgage servicing income	91			78			83			73			83
Total residential mortgage income	118			104			105			98			102
Commercial mortgage income:
Commercial mortgage production revenue	12			12			10			6			2
Commercial mortgage servicing income:


Commercial mortgage servicing income before MSR valuation	3			2			4			3			4



Net MSRs valuation	—			1			(1)			—			—
Total commercial mortgage servicing income	3			3			3			3			4
Total commercial mortgage income	15			15			13			9			6
Total mortgage banking income	$	133		$	119		$	118		$	107		$	108

Other Mortgage Banking Information
Residential mortgage loan originations	$	5,137		$	4,551		$	4,743		$	5,855		$	3,626
Residential mortgage servicing portfolio:(1)
Loans serviced for others	233,870			228,383			221,274			213,002			216,148
Bank-owned loans serviced	57,386			57,583			58,396			57,748			55,120
Total servicing portfolio	291,256			285,966			279,670			270,750			271,268
Weighted-average coupon rate on mortgage loans serviced for others	3.77		%	3.77		%	3.75		%	3.70		%	3.68		%
Weighted-average servicing fee on mortgage loans serviced for others	0.29			0.28			0.28			0.28			0.28

Additional Information
Brokered deposits(2)	$	28,488		$	29,835		$	28,423		$	30,008		$	27,585

NQDCP income (expense):(3)
Interest income	$	(6)		$	4		$	1		$	—		$	—
Other income	(7)			(1)			17			21			(6)
Personnel expense	13			(3)			(18)			(21)			6
Total NQDCP income (expense)	$	—		$	—		$	—		$	—		$	—


Common stock prices:
High	$	56.20		$	50.86		$	47.46		$	43.25		$	48.53
Low	43.13			40.78			41.98			33.56			39.41
End of period	45.97			49.21			45.72			42.99			41.15
Banking offices	1,927			1,927			1,927			1,927			1,928
ATMs	2,826			2,829			2,837			2,847			2,861
Full-time equivalent teammates(4)	37,877			38,062			38,534			37,996			37,529

(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.

- 9 -

Selected Items(1)


	Favorable (Unfavorable)
(Dollars in millions, except per share data) Description	Pre-Tax		After-Tax at Marginal Rate		Impact to Diluted EPS(2)
Selected Items
First Quarter 2026
None
Fourth Quarter 2025
Legal accrual	$	(130)	$	(99)	$	(0.08)
Third Quarter 2025
None
Second Quarter 2025
Loss on sale of securities (securities gains (losses))	$	(18)	$	(13)	$	(0.01)
First Quarter 2025
None

(1)Includes certain selected items from the consolidated statements of income.

(2)Diluted EPS impact for individual items may not foot to difference between GAAP diluted and adjusted EPS due to rounding.

- 10 -

Non-GAAP Reconciliations

Pre-Provision Net Revenue from Continuing Operations


	Quarter Ended
	March 31		Dec. 31		Sept. 30		June 30		March 31
(Dollars in millions)	2026		2025		2025		2025		2025
Net income from continuing operations	$	1,481	$	1,354	$	1,452	$	1,240	$	1,261
Provision for credit losses	479		512		436		488		458
Provision for income taxes	209		210		285		273		274
Taxable-equivalent adjustment	45		49		51		48		48
Pre-provision net revenue(1)	$	2,214	$	2,125	$	2,224	$	2,049	$	2,041

(1)Pre-provision net revenue 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. Truist’s management calculated this measure based on Truist’s continuing operations. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.

Return on Average Tangible Common Shareholders’ Equity






	Quarter Ended
	March 31			Dec. 31			Sept. 30			June 30			March 31
(Dollars in millions)	2026			2025			2025			2025			2025
Net income available to common shareholders	$	1,377		$	1,289		$	1,348		$	1,180		$	1,157

Amortization of intangibles	64			70			72			73			75
Applicable income taxes related to the amortization of intangibles	(15)			(16)			(18)			(17)			(18)

Tangible net income available to common shareholders(1)	$	1,426		$	1,343		$	1,402		$	1,236		$	1,214

Average common shareholders’ equity	$	59,879		$	59,991		$	59,141		$	58,327		$	58,125
Average intangible assets	(18,386)			(18,456)			(18,528)			(18,590)			(18,669)
Applicable deferred taxes related to intangible assets(2)	404			409			415			417			422

Average tangible common shareholders’ equity(1)	$	41,897		$	41,944		$	41,028		$	40,154		$	39,878

Return on average common shareholders’ equity	9.3		%	8.5		%	9.0		%	8.1		%	8.1		%
Return on average tangible common shareholders’ equity(1)	13.8			12.7			13.6			12.3			12.3

(1)Tangible net income available to common shareholders, average tangible common shareholders’ equity, and return on average tangible common shareholders' equity are non-GAAP measures that exclude the impact of 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.

Tangible Book Value per Common Share


	March 31		Dec. 31		Sept. 30		June 30		March 31
(Dollars in millions, except per share data, shares in thousands)	2026		2025		2025		2025		2025
Calculations of Tangible Common Equity and Related Measures:(1)
Total shareholders’ equity	$	64,214	$	65,189	$	65,646	$	64,840	$	64,635
Preferred stock	(4,916)		(4,916)		(5,907)		(5,907)		(5,907)

Intangible assets	(18,350)		(18,416)		(18,489)		(18,561)		(18,624)
Applicable deferred taxes related to intangible assets(2)	403		407		413		418		421
Tangible common equity	$	41,351	$	42,264	$	41,663	$	40,790	$	40,525







Outstanding shares at end of period	1,245,879		1,262,470		1,279,246		1,289,435		1,309,539
Common equity per common share	$	47.60	$	47.74	$	46.70	$	45.70	$	44.85
Tangible common equity per common share	33.19		33.48		32.57		31.63		30.95

(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.

- 11 -

Fourth Quarter 2024 Earnings Conference Call Bill Rogers – Chairman & CEO Mike Maguire – CFO April 17, 2026 First Quarter 2026 Earnings Conference Call Bill Rog rs - Chairman & CEO Mike Maguire - CFO April 17, 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 outlook for improved profitability, (ii) Truist’s ROTCE targets for future periods and its confidence in meeting those goals, (iii) expected prepayments of investment securities and fixed rate loans and growth in net interest income in 2026, (iv) projections or estimates of common stock repurchases and preferred stock dividends, (v) Truist's projected CET1 ratio in future periods and the impact to Truist's capital of the proposed Basel III framework changes, including estimated decreases in risk-weighted assets,(vi) guidance with respect to financial performance metrics in future periods, including future levels of taxable equivalent revenue, noninterest expense, and net charge-off ratio, (vii) Truist’s effective tax rate in future periods, and (viii) the key drivers of Truist’s profitability improvement, including the expected compound annual growth rate in diluted EPS. 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, 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 execute strategic and operational plans, including with respect to accelerating growth, improving profitability, investing in talent, technology, and risk infrastructure, maintaining expense, credit, and risk discipline, and returning capital to shareholders; • 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 their 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: 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 their 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) - Pre-provision net revenue 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. Truist’s management calculated this measure based on Truist’s continuing operations. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods. Tangible common equity and related measures - Tangible common equity and related measures, including ROTCE, are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes, and their related amortization. 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. A copy of this presentation is available on the Truist Investor Relations website, ir.truist.com.

4 Purpose Inspire and build better lives and communities Mission Clients Provide distinctive, secure, and successful client experiences through touch and technology. Teammates Create an inclusive and energizing environment that empowers teammates to learn, grow, and have meaningful careers. Stakeholders Optimize long-term value for stakeholders through safe, sound, and ethical practices. Values Trustworthy We serve with integrity. Caring Everyone and every moment matters. One Team Together, we can accomplish anything. Success When our clients win, we all win. Happiness Positive energy changes lives.

5 1Q26 key takeaways 1Q26 by the numbers $1.4 billion Net income available to common shareholders $1.09 Diluted EPS Executing on strategic priorities First quarter results reinforce confidence in outlook for improved profitability 250 bps YoY positive operating leverage 13.8% Return on average tangible common equity(1) $1.8 billion Capital returned to shareholders – Delivered 25% diluted EPS growth vs. 1Q25 – Generated 12% noninterest income growth vs. 1Q25 – Delivered positive operating leverage – Maintained strong asset quality metrics – Improved ROTCE(1) by 150 bps vs. 1Q25 to 13.8% – Now targeting $5 billion of share repurchases in 2026 – On track to achieve 2027 ROTCE target of 15% – Establishing a 16% to 18% long-term ROTCE target (1) Represents a non-GAAP financial measure; see appendix for reconciliation to ROCE, which is the most directly comparable GAAP measure

6 40% 45% 1Q25 1Q26 $210 $213 1Q25 1Q26 Consumer and Small Business Banking highlights AI in action Digital share of new-to-bank clients Digital transaction volume (in millions) 35% YoY increase in Premier Managed deposit production $128 $133 1Q25 1Q26 83 88 1Q25 1Q26 500 bps 6% 1% 4% 12% YoY increase in Zelle transactions GenAI generated 3.4 million Care Center call summaries in seconds in 1Q26, capturing client insights and streamlining work Truist Assist, our AI chatbot, handled over 12.5 million requests since 2023, with more than 9 million handled end-to-end by AI Since 2023, Truist Insights delivered 1.8 billion personalized insights driving 231 million client interactions Average CSBB loans HFI ($ in billions) 15% YoY increase in Premier Managed lending production Average CSBB deposits ($ in billions)

7 $146 $148 $178 $194 1Q25 1Q26 1Q25 1Q26 Wholesale Banking highlights AI in action 24% YoY growth in new Commercial and Corporate Banking clients; 61% of which have an awarded Payments relationship 8% YoY increase in revenue producers(2) 41% YoY growth in investment assets from Truist client base (1) Wholesale payments fees reflects card and treasury management income attributable to the Wholesale segment (2) Includes middle market, corporate bankers, specialized industries, and treasury consultants Average Wholesale deposits and loans HFI ($ in billions) $344 $370 1Q25 1Q26 $273 $372 1Q25 1Q26 $118 $122 1Q25 1Q26 36% 8% 2% 9% Wholesale payments fees(1) ($ in millions) Wealth management income ($ in millions) Investment banking & trading income ($ in millions) LoansDeposits 3% Enhancing underwriting speed and precision Scaling lead generation and improving conversion rates AI/ML enabled integrated receivables product Leveraging predictive analytics to improve advisor productivity

8 Note: All data points are taxable equivalent, where applicable PPNR and ROTCE are non-GAAP financial measures; see appendix for appropriate reconciliations Net interest margin is presented on a taxable-equivalent basis, which is calculated using taxable equivalent net interest income to determine the total yield on interest-earning assets Current quarter regulatory capital information is preliminary $ in millions, except per share data Key metrics 1Q26 vs. 4Q25 vs. 1Q25 Revenue $5,197 (1.9)% 5.1% Expense $2,983 (5.9)% 2.6% PPNR $2,214 4.2% 8.5% Net income available to common shareholders $1,377 6.8% 19% Diluted EPS $1.09 9.0% 25% Net interest margin 3.02% (5) bps 1 bps ROA 1.1% 11 bps 14 bps ROCE 9.3% 80 bps 120 bps ROTCE 13.8% 110 bps 150 bps Efficiency ratio 57.9% (250) bps (140) bps NCO ratio 0.61% 4 bps 1 bp CET1 ratio 10.8% —% (50) bps Performance highlights – CET1 ratio was 10.8%; repurchased $1.1 billion of common stock in 1Q26 – Noninterest expense decreased 5.9% vs. 4Q25 primarily due to lower other expense – Noninterest expense increased 2.6% vs. 1Q25 due to higher personnel expense partially offset by lower professional fees and outside processing – Revenue declined 1.9% vs. 4Q25 due to lower net interest income – Revenue increased 5.1% vs. 1Q25 primarily due to higher net interest income, investment banking and trading, and wealth management income Capital Noninterest expense – Reported 1Q26 net income available to common shareholders of $1.4 billion, or $1.09 per share – Diluted EPS increased 9.0% vs. 4Q25 and 25% vs. 1Q25 Earnings Revenue – Asset quality metrics remained strong Asset quality

9 May not foot due to rounding Portfolio assignment based off loan purpose 5-quarter trend ($ in billions) Loan portfolio composition $327B Average loans 51% Commercial and industrial 7% CRE 2% Commercial construction 17% Residential mortgage 3% Home equity 8% Indirect auto 10% Other consumer 2% Credit card Average loans and leases HFI $307 $313 $321 $325 $327 $184 $187 $192 $195 $199 $123 $126 $129 $130 $128 5.97% 6.01% 6.00% 5.87% 5.71% Commercial LHFI Consumer and card LHFI Loans HFI yield 1Q25 2Q25 3Q25 4Q25 1Q26 0 Loan growth trends aligned with accelerating profitability

10 37% 38% 45% 46% 24% 24% 30% 31% Interest-bearing deposit beta Total deposit beta 2Q25 3Q25 4Q25 1Q26 Average deposits $392 $400 $397 $396 $399 $286 $294 $291 $290 $296 $106 $107 $106 $106 $103 1.79% 1.85% 1.84% 1.64% 1.55% Interest-bearing deposits Noninterest-bearing deposits Total deposit cost (%) 1Q25 2Q25 3Q25 4Q25 1Q26 May not foot due to rounding (1) Cumulative beta calculations are based on change in average total deposit or interest-bearing deposit cost divided by the change in average Fed Funds rate from 2Q24 Commentary Cumulative deposit beta trend(1) (Down rate) 5-quarter trend ($ in billions) – Average deposits increased 0.7% vs. 4Q25 and 1.7% vs. 1Q25 driven by growth in interest checking – Total deposit costs improved 9 bps to 1.55% in 1Q26 vs. 1.64% in 4Q25 – Interest-bearing deposit beta increased from 45% in 4Q25 to 46% in 1Q26 – Total deposit beta increased from 30% in 4Q25 to 31% in 1Q26 Client deposit growth remains a key strategic focus

11 Active receive-fixed $3,555 $3,635 $3,680 $3,749 $3,644 3.01% 3.02% 3.01% 3.07% 3.02% Net interest income TE Net interest margin 1Q25 2Q25 3Q25 4Q25 1Q26 Fwd. starting receive-fixed Pay-fixed < 3yrs. Net interest income and net interest margin Fixed rate asset repricing and NII outlook ($ in billions) Swap portfolio overview ($ in billions) (1) Net interest income includes a taxable-equivalent adjustment, which is a non-GAAP measure; see Truist’s First Quarter 2026 Quarterly Performance Summary for the reconciliation to GAAP net interest income (2) Net interest margin is presented on a taxable-equivalent basis, which is calculated using taxable equivalent net interest income to determine the total yield on interest-earning assets (3) Run-on rate for new fixed rate loans is ~7.25% (4) Investment securities yield excluding the impact of swaps (5) Runoff reflects contractual maturities and expected prepayments of investment securities and fixed rate loans that will be reinvested at higher run-on interest rates based on the current forward curve 3/31/26 Pay-fixed > 3yrs. 5-quarter net interest income and net interest margin trend ($ in millions) (1) $54 $64 Total wtd. avg. rate = 3.38% ($12)Total wtd. avg. rate = 3.59% ($10) $137 Fixed rate loans Securities Average yield $12 $31 2.88%(4) 3.70%(4) 6.43%(3) 2026 runoff(5) ~ 1Q26 avg. balances $133 5.69% $116 – Net interest income expected to increase 2% to 3% in 2026 vs. 2025 driven by: – 3% to 4% average loan growth – stable Fed Funds rate – fixed rate asset repricing – At 3/31, notional receive-fixed and pay-fixed swaps totaled $118 billion and $22 billion, respectively, compared with $124 billion and $27 billion at 12/31 – Strategy to maintain a relatively neutral position to changes in interest rates is unchanged Net interest income outlook reflects updated market rate expectations (2)

12 Noninterest income Noninterest income details ($ in millions) (1) All other noninterest income includes lending-related fees, securities gains (losses), and other income ($5,212) – Noninterest income increased 0.5% primarily driven by: – increased investment banking and trading income – offset by a decline in other income related to certain equity and other investments Categories 1Q26 vs. 4Q25 vs. 1Q25 Wealth management income $370 1.4% 7.6% Card and treasury management fees $338 0.6% 1.5% Investment banking and trading income $372 11% 36% Other deposit revenue $120 (0.8)% 2.6% Mortgage banking income $133 12% 23% All other noninterest income(1) $220 (19)% 1.4% Total noninterest income $1,553 0.5% 12% Vs. linked quarter Vs. like quarter – Noninterest income increased 12%, primarily driven by: – increased investment banking and trading income – increased wealth management income due to higher AUM – increased mortgage banking income due to higher commercial and residential production revenues Investment banking and trading and wealth management key drivers of growth

13 – Noninterest expense increased 2.6%, primarily driven by: – higher personnel expense due to increased salaries, incentives, and employee benefits related to hiring – partially offset by lower professional fees and outside processing Noninterest expense Noninterest expense details ($ in millions) (1) All other noninterest expense includes amortization of intangibles, marketing and customer development, regulatory costs, and other expense Vs. linked quarter Vs. like quarter ($5,212) – Noninterest expense decreased 5.9%, primarily driven by: – lower other expense driven by an incremental legal accrual in 4Q25 – lower personnel expense primarily due to lower incentives – partially offset by higher regulatory charges due to an FDIC special assessment credit in 4Q25 Categories 1Q26 vs. 4Q25 vs. 1Q25 Personnel expense $1,727 (5.0)% 7.7% Professional fees and outside processing $313 (7.1)% (14)% Software expense $230 (5.0)% —% Net occupancy expense $179 1.7% 6.5% Equipment expense $85 (5.6)% 3.7% All other noninterest expense(1) $449 (11)% (2.0)% Total noninterest expense $2,983 (5.9)% 2.6% Noninterest expense growth remains well controlled

14 0.48% 0.39% 0.48% 0.48% 0.50% 1Q25 2Q25 3Q25 4Q25 1Q26 $458 $488 $436 $512 $479 1Q25 2Q25 3Q25 4Q25 1Q26 $454 $396 $385 $470 $491 0.60% 0.51% 0.48% 0.57% 0.61% 1Q25 2Q25 3Q25 4Q25 1Q26 Asset quality NCO and NCO ratio ($ in millions) Nonperforming loans / LHFI ALLL Provision for credit losses ($ in millions) $4,870 $4,899 $4,988 $5,030 $5,026 ALLL ALLL ratio ALLL / NCO 1Q25 2Q25 3Q25 4Q25 1Q26 2.6x 1.58% 3.1x 1.54% 3.3x ($ in millions) 1.54% 2.7x 1.53% Asset quality metrics remain strong; NCO ratio stable vs. 1Q25 1.53% 2.5x

15 – Strong credit performance across NDFI exposures, supported by diversification and structural protections; performs well under modeled stressed scenarios – Active risk management through controls, collateral management, and ongoing portfolio monitoring – Disciplined client selection aligned with risk appetite with a significant portion of exposures to traditional corporate clients – BDCs and middle market loan securitizations, which represent TFC’s exposure to private credit, have sound valuation processes, advance-rate controls, borrowing-base mechanics, and equity cushions Investor area of focus: NDFI exposure 1Q26 NDFI composition (% of total loans) TFC specific portfolio characteristics ~$39B of loans classified as NDFI, ~12% of total loans; diversified portfolio with strong asset quality and structural protections NDFI total loan amounts and composition percentages are based on current quarterly regulatory report information which is preliminary NDFI composition Selected notable asset types Description Consumer credit intermediaries $4B / 1% Auto loans and lease securitization and other Primarily facilities secured by diversified prime auto loan and lease pools with conservative advance rates Mortgage credit intermediaries $4B / 1% Mortgage warehouse lending Short‑duration lines secured by residential mortgages with defined hold periods Other NDFI $5B / 2% Insurance, investment management funds, and other Exposure to well-capitalized insurers, investment managers, and other Private equity funds $5B / 2% Subscription financing Secured by diversified LP capital commitments with conservative advance rates Other private equity Primarily loans to private equity real estate funds backed by income‑producing real estate Business credit intermediaries $21B / 6% REITs ($8B / 2%) Lending to equity REITs backed by income‑producing real estate with structural protections Primarily trade receivables and securitizations ($7B / 2%) Predominately structured facilities with conservative advance rates BDCs and middle market loan securitization ($4B / 1%) Advance‑rate facilities secured by diversified pools of primarily senior, first‑lien corporate loans Leasing ($2B / 1%) Asset‑backed leasing exposure largely secured by equipment and related receivables

16 11.3% 11.0% 11.0% 10.8% 10.8% 1Q25 2Q25 3Q25 4Q25 1Q26 Capital Capital actions and commentary $0.6 $0.6 CET1 ratio Current quarter regulatory capital information is preliminary 7.0% min. req. effective 10/1/25 – CET1 ratio remained stable at 10.8% vs. 4Q25 – Continue to return significant capital to shareholders – Completed $1.1 billion of share repurchases in 1Q26 vs. $750 million in 4Q25 and $500 million in 1Q25 – Targeting share repurchases of $1.2 billion in 2Q26 – Expect repurchases of $5 billion in 2026 vs. $4 billion previously – Capital allocation priorities remain unchanged – Supporting organic client growth needs – Paying common stock dividend – Returning capital to shareholders through share repurchases – M&A not a priority – Well positioned to operate within the evolving capital framework – RWA would decrease an estimated ~9% under the revised standardized approach and ~11% under ERBA – Well aligned with lending strategies – Improves durability of elevated capital return Well-positioned to operate within the evolving capital framework

17 13.9% 2Q26 and 2026 outlook (1) Change attributed to client-driven transaction activity in Project Finance as well as certain discrete benefits 1Q26 actuals 2Q26 outlook Revenue (TE): $5.2 billion Stable Noninterest expense: $3.0 billion Up 3 to 4% Share repurchases: $1.1 billion ~$1.2 billion Full year 2025 actuals Full year 2026 outlook Revenue (TE): $20.5 billion Up ~4% Noninterest expense: $12.1 billion Up ~1.75% Net charge-off ratio: 54 bps ~55 bps Tax rate: 16.4% effective; 18.9% FTE ~14.5% effective; ~16.5% FTE(1) Share repurchases: $2.5 billion ~$5 billion

18 Confident in achieving full year 2027 ROTCE of 15% ROTCE outlook Key drivers of profitability improvement Execute top business growth and profitability initiatives Drive positive operating leverage Stable economic and operating environment Significant capital return to shareholders 2025 2026 2027 Long-term ~14% ~15% Return on tangible common equity (ROTCE) = (net income available to common shareholders +(CDI amortization *(1- marginal tax rate))/average tangible common equity ROTCE is a non-GAAP metric that excludes the impact of intangible assets, net of deferred taxes, and their related amortization. See appendix for non-GAAP reconciliations. Establishing a 16% to 18% long-term ROTCE target Continue to benefit from fixed asset repricing 16% to 18% ~14% 12.7%

Appendix

A-1 – Net income of $733 million, compared to $663 million in the prior quarter – Net interest income of $2.5 billion increased by $10 million, or 0.4%, primarily driven by rate management on deposits – Average loans of $133 billion decreased 1.4% primarily driven by lower residential mortgage and mortgage warehouse lending, as well as lower indirect auto production – Average deposits of $213 billion decreased 0.1% primarily driven by decline in time and checking, largely offset by money market and savings growth – Provision for credit losses decreased $57 million, or 13.2%, driven by a decrease in reserve build, offset by seasonal increase in net charge-offs – Noninterest income of $529 million increased $8 million, or 1.5%, primarily driven by mortgage banking income – Noninterest expense of $1.7 billion decreased $21 million, or 1.2%, primarily driven by lower enterprise operational expense, personnel, operating losses, and loan- related expense – Debit and credit card sales volume decreased 4.3% from 4Q25 due to seasonality – Digital transactions surpassed 88 million resulting in YoY growth of 6% and accounting for 71% of total transaction volume Consumer and Small Business Banking (1) Excludes loans held for sale (2) Digital sales defined as products opened through digital applications (3) Digital transactions include transfers, Zelle, bill payments, mobile deposits, ACH, and wire transfers Commentary reflects linked quarter comparisons Metrics Commentary Income statement ($ MM) 1Q26 vs. 4Q25 vs. 1Q25 Net interest income $2,496 $10 $248 Allocated provision for credit losses 374 (57) 47 Noninterest income 529 8 26 Noninterest expense 1,680 (21) 17 Segment net income $733 $70 $157 Balance sheet ($ B) Average loans(1) $133 $(1.9) $5.3 Average deposits 213 (0.2) 2.8 Other key metrics Net new checking accounts (k) 10 34 (30) Digital sales as a % of total(2) 36% 55 bps 429 bps Digital transactions as a % of total(3) 71% 220 bps 237 bps Debit/credit card spend ($ B) $29 $(1.3) $1.1 Represents Branch Banking, Digital Banking, Premier Banking, Small Business Banking, and National Consumer Lending

A-2 Wholesale Banking (1) Excludes loans held for sale Commentary reflects linked quarter comparisons unless otherwise noted – Net income of $0.9 billion, compared to $1.0 billion in the prior quarter – Net interest income of $1.5 billion decreased $112 million, or 6.9% – Average loans of $194 billion increased $4.1 billion, or 2.2%, primarily related to growth in C&I and CRE balances – Average deposits of $148 billion increased $0.7 billion, or 0.5%, driven by increased client deposits, partially offset by seasonal balance outflows – Provision for credit losses of $105 million increased $23 million, or 28%, which reflects an increase in net charge-offs and decrease to the net reserve release, compared to the prior quarter – Noninterest income of $1.1 billion decreased $66 million, or 5.8%, primarily driven by lower other income, partially offset by higher investment banking and trading income, lending related fees, and card and treasury management fees – Noninterest expense of $1.4 billion decreased $5 million, or 0.4%, driven by lower personnel-related expenses – Total client assets decreased $18 billion, or 5.1%, primarily due to market driven decreases in equities Metrics Commentary Income statement ($ MM) 1Q26 vs. 4Q25 vs. 1Q25 Net interest income $1,506 $(112) $4 Allocated provision for credit losses 105 23 (27) Noninterest income 1,068 (66) 121 Noninterest expense 1,350 (5) 47 Segment net income $888 $(154) $75 Balance sheet ($ B) Average loans(1) $194 $4.1 $16 Average deposits 148 0.7 2.3 Other key metrics ($ B) Total client assets $332 $(18) $(6.0) Represents Commercial & Corporate Banking, Investment Banking & Capital Markets, CRE, Wholesale Payments, and Wealth

A-3 Preferred dividend 2Q26 3Q26 4Q26 1Q27 Estimated dividends based on projected interest rates, redemptions, and issuances ($ in millions) $34 $114 $43 $113 Estimates assume forward-looking interest rates as of 3/31/26. Actual interest rates , redemptions, or issuances could vary significantly causing dividend payments to differ from the estimates shown above.

A-4 Non-GAAP reconciliations Pre-provision net revenue from continuing operations $ in millions (1) Pre-provision net revenue 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. Truist’s management calculated this measure based on Truist’s continuing operations. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods. Quarter Ended March 31 Dec. 31 Sept. 30 June 30 March 31 2026 2025 2025 2025 2025 Net income from continuing operations $ 1,481 $ 1,354 $ 1,452 $ 1,240 $ 1,261 Provision for credit losses 479 512 436 488 458 Provision for income taxes 209 210 285 273 274 Taxable-equivalent adjustment 45 49 51 48 48 Pre-provision net revenue(1) $ 2,214 $ 2,125 $ 2,224 $ 2,049 $ 2,041

A-5 Non-GAAP reconciliations Return on average tangible common equity $ in millions As of / Quarter Ended Year Ended March 31 Dec. 31 Sept. 30 June 30 March 31 Dec. 31 2026 2025 2025 2025 2025 2025 Net income available to common shareholders - GAAP $ 1,377 $ 1,289 $ 1,348 $ 1,180 $ 1,157 $ 4,974 Amortization of intangibles 64 70 72 73 75 290 Applicable income taxes related to amortization of intangibles(1) (15) (16) (18) (17) (18) (69) Net income available to common shareholders - tangible(2) $ 1,426 $ 1,343 $ 1,402 $ 1,236 $ 1,214 $ 5,195 Average common shareholders’ equity $ 59,879 $ 59,991 $ 59,141 $ 58,327 $ 58,125 $ 58,902 Average intangible assets (18,386) (18,456) (18,528) (18,590) (18,669) (18,560) Applicable deferred taxes related to intangible assets(1) 404 409 415 417 422 416 Average tangible common shareholders' equity(2) $ 41,897 $ 41,944 $ 41,028 $ 40,154 $ 39,878 $ 40,758 Return on average common shareholders equity - GAAP 9.3 % 8.5 % 9.0 % 8.1 % 8.1 % 8.4 % Return on average tangible common shareholders equity 13.8 12.7 13.6 12.3 12.3 12.7 (1) Calculated using the applicable marginal tax rate. (2) Tangible common equity and related measures, including ROTCE, are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes, and their related amortization. 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.

Source: View Original Filing on SEC EDGAR

FAQ

How did Truist Financial (TFC) perform financially in Q1 2026?

Truist reported strong Q1 2026 results, with net income available to common shareholders of $1.38 billion and diluted EPS of $1.09. Total taxable-equivalent revenue reached $5.20 billion, supported by loan and deposit growth alongside disciplined expense management.

What were Truist Financial (TFC) key profitability and efficiency metrics in Q1 2026?

In Q1 2026, Truist posted a ROCE of 9.3% and a ROTCE of 13.8%. The bank’s efficiency ratio improved to 57.9% as noninterest expense declined 5.9% from Q4 2025, indicating better cost control relative to its revenue base.

How did Truist Financial’s (TFC) loans and deposits change in Q1 2026?

Average loans and leases held for investment were $327.0 billion, up 7.0% year over year. Average deposits reached $398.9 billion, increasing 1.7% versus Q1 2025. End-of-period deposits were $404.1 billion, reflecting broad-based growth in interest-bearing accounts.

What is Truist Financial’s (TFC) capital position and shareholder payout for Q1 2026?

Truist reported a CET1 ratio of 10.8% as of March 31, 2026, indicating a solid capital base. The company declared a common dividend of $0.52 per share and repurchased $1.1 billion of common stock, leading to a total payout ratio of 129%.

How healthy is Truist Financial’s (TFC) asset quality after Q1 2026?

Asset quality remained sound, with nonperforming loans and leases at 0.50% of loans and leases held for investment. The allowance for loan and lease losses ratio was 1.53%, covering nonperforming loans 3.1 times, while the net charge-off ratio was 0.61% annualized.

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