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Truist Financial (NYSE: TFC) Q2 profit rises with $1.23 EPS, 37% gain

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Truist Financial Corporation reported solid second-quarter 2026 results, with net income available to common shareholders of $1.5 billion and diluted EPS of $1.23, up 37% from 2Q25. Total revenue on a taxable-equivalent basis was $5.31 billion, up 2.2% from 1Q26 and 5.5% year over year.

Taxable-equivalent net interest income grew to $3.67 billion, while noninterest income rose 5.9% quarter over quarter. Noninterest expense increased 2.4%. Asset quality remained strong: the net charge-off ratio was 0.50% and nonperforming loans were 0.51% of loans held for investment. The allowance for loan and lease losses was 1.51% of loans. Truist returned substantial capital, including $1.2 billion of common share repurchases and a $0.52 per-share common dividend, producing a 121% total payout ratio. Capital and liquidity stayed robust, with a CET1 ratio of 10.9% and an average liquidity coverage ratio of 113%.

Positive

  • Second-quarter diluted EPS of $1.23 rose 37% year over year, supported by higher taxable-equivalent revenue, stronger fee income and a lower provision for credit losses.
  • Truist returned $1.8 billion to shareholders through dividends and buybacks, including $1.2 billion of common share repurchases, while maintaining a strong 10.9% CET1 capital ratio.

Negative

  • None.

Filing Explained

Second-quarter repurchases had already reduced Truist’s common shares outstanding to 1,221,626 thousand by June 30.

This July 17 Form 8-K reports Truist’s second-quarter 2026 results; the disclosed quarter is complete, and common shares outstanding were $1,221,626 thousand at June 30, 2026, down from $1,245,879 thousand at March 31, 2026.

Against the filing’s disclosed $1.2 billion of common-share repurchases, the lower period-end share count is a completed reduction in the shares representing existing common ownership, rather than an authorization or capacity disclosure.

For this 8-K, Exhibits 99.1 and 99.2 are filed, while the CEO quotation in Exhibit 99.1 and the Exhibit 99.3 earnings presentation are furnished and are not deemed filed under Section 18.

The presentation identifies achieving 15% ROTCE in 2027 as a forward-looking goal; subsequent results would provide the filing-based resolution of that stated goal.

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.
Net income to common $1.5 billion Net income available to common shareholders in Q2 2026
Diluted EPS $1.23 Earnings per diluted share in Q2 2026, up 37% vs 2Q25
Total revenue - TE $5.31 billion Taxable-equivalent total revenue for Q2 2026
ROTCE 15.4% Return on average tangible common equity for Q2 2026
CET1 ratio 10.9% Common equity tier 1 capital ratio as of June 30, 2026
Net charge-off ratio 0.50% Net charge-offs as a percentage of average loans and leases in Q2 2026
Provision for credit losses $395 million Provision for credit losses in Q2 2026
Common share repurchases $1.2 billion Common stock buybacks during Q2 2026
PPNR financial
"PPNR - Pre-provision net revenue is a non-GAAP measure that adjusts net income..."
Pre-provision net revenue (PPNR) is a bank’s revenue after accounting for day-to-day operating costs but before subtracting money set aside for bad loans. Think of it like a store’s gross profit before it reserves cash for damaged goods: it shows the core ability to generate income from lending and fees, and helps investors judge a bank’s operating strength separate from credit losses.
ROTCE financial
"ROTCE (1) | 15.4 | ... Return on average tangible common equity"
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 financial
"CET1 ratio (2) was 10.9% as of June 30, 2026"
CET1, or Common Equity Tier 1, is a measure of a bank's core financial strength, representing its most reliable and high-quality capital, primarily made up of shareholders' equity like common stock. It acts like a financial safety buffer, helping the bank absorb losses and stay stable during economic downturns. For investors, a strong CET1 ratio indicates a bank's resilience and overall health.
Liquidity Coverage Ratio financial
"Truist’s average consolidated LCR was 113% for the three months ended June 30, 2026"
The liquidity coverage ratio is a banking rule that measures whether a bank has enough high-quality, easy-to-sell assets to cover expected net cash outflows for 30 days. Think of it as a household’s emergency fund that must cover a month of bills; for investors, a higher ratio means the bank is better positioned to survive short-term stress, reducing the risk of fire sales, funding problems, or sudden capital needs that can hurt the share price.
Nonperforming assets financial
"Nonperforming assets totaled $1.7 billion at June 30, 2026"
Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.
Allowance for loan and lease losses financial
"The ALLL was $5.0 billion and the ALLL ratio was 1.51%"
A reserve banks and finance companies set aside to cover loans and leases they expect may not be repaid, recorded as a reduction to their loan assets. Think of it as a rainy-day fund for bad loans: a larger allowance signals the lender is preparing for more losses, which can reduce reported profits and weaken capital cushions, so investors watch it to judge credit risk, earnings quality, and the institution’s financial health.
Diluted EPS $1.23 up 37% vs 2Q25
Total revenue - TE $5.31 billion up 2.2% vs 1Q26 and 5.5% vs 2Q25
Taxable-equivalent net interest income $3.67 billion up 0.6% vs 1Q26 and 0.9% vs 2Q25
Noninterest income $1.64 billion up 5.9% vs 1Q26 and 17.4% vs 2Q25
Provision for credit losses $395 million down 17.5% vs 1Q26 and 19.1% vs 2Q25
Net charge-offs ratio 0.50% down 11 basis points vs 1Q26
CET1 capital ratio 10.9% up 10 basis points vs March 31, 2026

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What were Truist (TFC) earnings for the second quarter of 2026?
Truist reported net income available to common shareholders of $1.5 billion for Q2 2026, with diluted EPS of $1.23, up from $0.90 in Q2 2025. Results reflected higher total revenue, stronger noninterest income and a lower provision for credit losses.

How did Truist (TFC) revenue and net interest income perform in Q2 2026?
Total revenue on a taxable-equivalent basis was $5.31 billion, up 2.2% from Q1 2026 and 5.5% year over year. Taxable-equivalent net interest income reached $3.67 billion, rising 0.6% sequentially and 0.9% versus Q2 2025 as earning assets grew.

What was Truist (TFC) asset quality like in the second quarter of 2026?
Asset quality remained strong, with a net charge-off ratio of 0.50%, down 11 basis points from Q1 2026. Nonperforming loans were 0.51% of loans held for investment, and the allowance for loan and lease losses was 1.51% of loans.

How much capital did Truist (TFC) return to shareholders in Q2 2026?
Truist returned $1.8 billion to shareholders through common dividends and share repurchases in Q2 2026. This included $1.2 billion of common share buybacks and a $0.52 per-share common dividend, producing dividend and total payout ratios of 42% and 121%, respectively.

What were Truist (TFC) capital and liquidity ratios in Q2 2026?
Truist reported a Common Equity Tier 1 (CET1) ratio of 10.9% at June 30, 2026, up 10 basis points from March 31. The average consolidated liquidity coverage ratio was 113% for the quarter, above the 100% regulatory minimum for large banks.

How did Truist (TFC) loans and deposits change in the second quarter of 2026?
Average loans and leases held for investment were $329.2 billion, up $2.1 billion, or 0.7%, from Q1 2026, led by commercial growth. Average deposits were $404.9 billion, increasing $5.9 billion, or 1.5%, driven mainly by higher interest checking balances.
0000092230FALSE00000922302026-07-172026-07-170000092230us-gaap:CommonStockMember2026-07-172026-07-170000092230tfc:SeriesIPreferredStockMember2026-07-172026-07-170000092230tfc:SeriesJPreferredStockMember2026-07-172026-07-170000092230tfc:SeriesOPreferredStockMember2026-07-172026-07-170000092230tfc:SeriesRPreferredStockMember2026-07-172026-07-17
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

July 17, 2026
Date of Report (Date of earliest event reported)

Truist Financial Corporation
(Exact name of registrant as specified in its charter)
_____________________________________________
North Carolina1-1085356-0939887
(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 classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $5 par valueTFCNew York Stock Exchange
Depositary Shares each representing 1/4,000th interest in a share of Series I Perpetual Preferred StockTFC.PINew 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 StockTFC.PJNew York Stock Exchange
Depositary Shares each representing 1/1,000th interest in a share of Series O Non-Cumulative Perpetual Preferred StockTFC.PONew York Stock Exchange
Depositary Shares each representing 1/1,000th interest in a share of Series R Non-Cumulative Perpetual Preferred StockTFC.PRNew 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 July 17, 2026, Truist Financial Corporation (“Truist”) issued a press release announcing its reporting of second quarter 2026 results and posted on its website its second 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 July 17, 2026.
99.2
Quarterly Performance Summary issued July 17, 2026.
99.3
Earnings Release Presentation issued July 17, 2026.
104The 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: July 17, 2026


`
truistlogo-whitea.jpg
News Release
Truist reports second quarter 2026 results
Net income available to common shareholders of $1.5 billion
 EPS of $1.23 per diluted share, up 37% compared to 2Q25
Continued to return significant capital to shareholders through $1.8 billion of dividends and repurchases of common shares
2Q26 Key Financial Data
2Q26 Performance Highlights(3)
(Dollars in billions, except per share data)2Q261Q262Q25
Summary Income Statement
Net interest income$3.62 $3.60 $3.59 
Net interest income - TE(1)
3.67 3.64 3.64 
Noninterest income1.64 1.55 1.40 
Total revenue5.27 5.15 4.99 
Total revenue - TE(1)
5.31 5.20 5.04 
Noninterest expense3.06 2.98 2.99 
Net income1.55 1.48 1.24 
Net income available to common shareholders1.52 1.38 1.18 
PPNR(1)
2.26 2.21 2.05
Key Metrics
Diluted EPS$1.23 $1.09 $0.90 
BVPS48.04 47.60 45.70 
TBVPS(1)
33.40 33.19 31.63 
ROCE10.4 %9.3 %8.1 %
ROTCE(1)
15.4 13.8 12.3 
Efficiency ratio
58.0 57.9 59.9 
NIM - TE(1)
2.98 3.02 3.02 
NCO ratio0.50 0.61 0.51 
ALLL ratio1.51 1.53 1.54 
CET1 ratio(2)
10.9 10.8 11.0 
Average Balances
Assets$550 $544 $537 
Securities118 116 122 
Loans and leases 332 329 314 
Deposits405 399 400 
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 Second Quarter 2026 Quarterly Performance Summary.
(2)Current quarter capital ratios are preliminary.
(3)This section summarizes changes from second quarter of 2026 compared to first quarter of 2026, unless otherwise noted.
•Net income available to common shareholders was $1.5 billion, or $1.23 per diluted share, resulting in a ROCE of 10.4% and ROTCE(1) of 15.4%

•Total revenue - TE(1) was up 2.2%
◦Net interest income - TE(1) increased 0.6%; NIM - TE(1) was down four basis points
◦Noninterest income was up $91 million, or 5.9%, driven by income from equity investments

•Total revenue - TE(1) was up 5.5% compared to the second quarter of 2025 due to higher investment banking and trading and wealth management income

•Noninterest expense was up $72 million, or 2.4%, reflecting higher variable incentives and continued investment in talent and technology

•Noninterest expense was up $69 million, or 2.3%, compared to the second quarter of 2025 due to higher personnel expense, partially offset by lower professional fees and outside processing expense

•Average loans and leases HFI were $329.2 billion, up $2.1 billion, or 0.7%, due to continued commercial and industrial loan growth

•Average deposits were up $5.9 billion, or 1.5%, reflecting deposit growth in interest checking

•Asset quality remains strong
◦NCO ratio of 50 basis points was down 11 basis points driven by declines in net charge-offs across most portfolios
◦Loans 90 days or more past due and still accruing were 0.04% of total loans HFI, excluding government guaranteed loans
◦Nonperforming loans to total loans HFI were up slightly at 0.51%
◦ALLL ratio of 1.51% was down two basis points

•Capital levels remain strong
◦Repurchased $1.2 billion of common shares, resulting in dividend and total payout ratios of 42% and 121%, respectively
◦CET1 ratio(2) was 10.9%
CEO Commentary
“We delivered strong second-quarter results, with earnings per share increasing 37% year over year, driven by disciplined execution against our strategic priorities, higher fee income, strong credit performance, and the return of capital to shareholders.

We continued to deepen client relationships, grow in attractive markets, and improve operating efficiency and profitability. The strength of our performance reinforces our confidence in our ability to achieve and sustain the profitability and return objectives we have committed to deliver.

During the quarter, we announced that Mike Lyons will become Truist's next CEO in September. Mike is a dynamic and highly respected financial services leader who recognizes the strength of our franchise and the significant opportunities ahead. We share a common vision of building on our momentum, continuing to improve performance, and creating long-term value for our shareholders.”

— Bill Rogers, Truist Chairman & CEO
`
Contact:
Investors:Brad Milsapsinvestors@truist.com
Media:Kyle Tarrancemedia@truist.com
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Net Interest Income, Net Interest Margin, and Average Balances
Quarter EndedChange
(Dollars in millions)2Q261Q262Q25
Link Quarter
Like Quarter
Interest income$5,967 $5,855 $6,154 $112 1.9 %$(187)(3.0)%
Plus: TE adjustment(1)
46 45 48 1 2.2 (2)(4.2)
Interest income - TE(1)
6,013 5,900 6,202 113 1.9 (189)(3.0)
Interest expense2,346 2,256 2,567 90 4.0 (221)(8.6)
Net interest income - TE(1)
$3,667 $3,644 $3,635 $23 0.6 $32 0.9 
NIM - TE(1)
2.98 %3.02 %3.02 %(4) bps(4) bps
Average Balances(2)
Total earning assets$492,461 $486,354 $480,983 $6,107 1.3 %$11,478 2.4 %
Total interest-bearing liabilities370,782363,363354,2517,419 2.0 16,531 4.7 
Yields / Rates(1)
Total earning assets4.89 %4.90 %5.16 %(1) bp(27) bps
Total interest-bearing liabilities2.54 2.51 2.91 3 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 up $23 million, or 0.6%, compared to the first quarter of 2026, driven by an additional day and higher earning assets, partially offset by lower loan spreads. NIM - TE was 2.98%, down four basis points compared to the first quarter of 2026, driven by slightly higher funding costs, lower loan spreads, and a larger balance sheet.

•Average earning assets increased $6.1 billion, or 1.3%, primarily due to increases in average total loans of $2.8 billion, or 0.8%, and average securities of $2.0 billion, or 1.7%.
•The yield on the average total loan portfolio was 5.68%, down three basis points. The yield on the average securities portfolio was 2.96%, up three basis points.
•Average deposits increased $5.9 billion, or 1.5%, average short-term borrowings decreased $1.8 billion, or 5.8%, and average long-term debt increased $3.5 billion, or 9.4%.
•The average cost of total deposits was 1.56%, up one basis point. The average cost of short-term borrowings was 3.97%, up 19 basis points. The average cost of long-term debt was 4.77%, down three basis points.

Taxable-equivalent net interest income was up $32 million, or 0.9%, compared to the second quarter of 2025, driven by higher earning assets and loan growth, partially offset by lower loan spreads and fixed-rate debt repricing. NIM - TE was 2.98%, down four basis points compared to the second quarter of 2025.

•Average earning assets increased $11.5 billion, or 2.4%, primarily due to an increase in average total loans of $17.9 billion, or 5.7%, partially offset by a decline in average securities of $3.7 billion, or 3.0%, and average other earning assets (primarily cash at the Federal Reserve) of $2.5 billion, or 6.2%.
•The yield on the average total loan portfolio was 5.68%, down 33 basis points. The yield on the average securities portfolio was 2.96%, down 20 basis points.
•Average deposits increased $4.4 billion, or 1.1%, average short-term borrowings increased $2.7 billion, or 10%, and average long-term debt increased $6.4 billion, or 19%.
•The average cost of total deposits was 1.56%, down 29 basis points. The average cost of short-term borrowings was 3.97%, down 50 basis points. The average cost of long-term debt was 4.77%, down 25 basis points.

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Noninterest Income
Quarter EndedChange
(Dollars in millions)2Q261Q262Q25
Link Quarter
Like Quarter
Wealth management income$375 $370 $348 $5 1.4 %$27 7.8 %
Card and treasury management fees
353 338 351 15 4.4 2 0.6 
Investment banking and trading income352 372 205 (20)(5.4)147 71.7 
Other deposit revenue
120 120 108 — — 12 11.1 
Mortgage banking income116 133 107 (17)(12.8)9 8.4 
Lending related fees120 118 99 2 1.7 21 21.2 
Securities gains (losses)— — (18)— —18 NM
Other income
208 102 200 106 NM8 4.0 
Total noninterest income$1,644 $1,553 $1,400 $91 5.9 $244 17.4 

Noninterest income was up $91 million, or 5.9%, compared to the first quarter of 2026.

•Other income increased primarily due to higher returns from investments held for post-retirement benefits (which is offset by higher personnel expense), and higher income from equity investments.
•Investment banking and trading income decreased primarily due to lower capital markets revenue, partially offset by higher trading income.

Noninterest income was up $244 million, or 17%, compared to the second quarter of 2025.

•Investment banking and trading income increased primarily due to higher trading income and capital markets revenue.
•Wealth management income increased primarily due to higher assets under management.

Noninterest Expense
Quarter EndedChange
(Dollars in millions)2Q261Q262Q25
Link Quarter
Like Quarter
Personnel expense
$1,792 $1,727 $1,678 $65 3.8 %$114 6.8 %
Professional fees and outside processing
335 313 373 22 7.0 (38)(10.2)
Software expense239 230 231 9 3.9 8 3.5 
Net occupancy expense
171 179 181 (8)(4.5)(10)(5.5)
Equipment expense79 85 89 (6)(7.1)(10)(11.2)
Marketing and customer development91 79 82 12 15.2 9 11.0 
Amortization of intangibles63 64 73 (1)(1.6)(10)(13.7)
Regulatory costs61 68 55 (7)(10.3)6 10.9
Other expense
224 238 224 (14)(5.9)— — 
Total noninterest expense$3,055 $2,983 $2,986 $72 2.4 $69 2.3 

Noninterest expense was up $72 million, or 2.4%, compared to the first quarter of 2026.

•Personnel expense increased primarily due to higher salaries and variable incentives and higher post-retirement benefit expense (which is offset by higher other income), partially offset by lower other benefit expenses and seasonally lower payroll taxes.
•Professional fees and outside processing expense increased primarily due to continued investment in technology infrastructure.

Noninterest expense was up $69 million, or 2.3%, compared to the second quarter of 2025.

•Personnel expense increased primarily due to higher salaries and incentives, partially offset by lower benefit expenses.
•Professional fees and outside processing expense decreased primarily due to the completion of various projects.

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Provision for Income Taxes
Quarter EndedChange
(Dollars in millions)2Q261Q262Q25
Link Quarter
Like Quarter
Provision for income taxes$262 $209 $273 $53 25.4%$(11)(4.0)%
Effective tax rate14.4 %12.4 %18.0 %200 bps(360) bps

The higher effective tax rate for the second quarter of 2026 compared to the first quarter of 2026 was primarily driven by lower discrete tax benefits.

The lower effective tax rate for the second quarter of 2026 compared to the second quarter of 2025 was primarily driven by tax credit activity.

Average Loans and Leases
(Dollars in millions)2Q261Q26Change% Change
Commercial:
Commercial and industrial$168,817 $166,636 $2,181 1.3 %
CRE24,938 24,165 773 3.2 
Commercial construction7,455 7,845 (390)(5.0)
Total commercial201,210 198,646 2,564 1.3 
Consumer:
Residential mortgage56,342 56,458 (116)(0.2)
Home equity9,656 9,666 (10)(0.1)
Indirect auto24,430 25,342 (912)(3.6)
Other consumer32,661 32,053 608 1.9 
Total consumer123,089 123,519 (430)(0.3)
Credit card4,863 4,857 6 0.1 
Total loans and leases held for investment$329,162 $327,022 $2,140 0.7 

Average loans and leases HFI were $329.2 billion, an increase of $2.1 billion, or 0.7%, compared to the first quarter of 2026.

•Average commercial loans increased 1.3% primarily due to an increase in the commercial and industrial and CRE portfolios.
•Average consumer loans decreased 0.3% primarily due to a decline in the indirect auto portfolio, partially offset by an increase in the other consumer portfolio.

End of period loans and leases HFI were $329.8 billion, up $558 million, or 0.2%, compared to March 31, 2026, primarily due to increases in the other consumer and CRE portfolios, partially offset by a decline in the indirect auto portfolio.

Average Deposits
(Dollars in millions)2Q261Q26Change% Change
Noninterest-bearing deposits$103,620 $103,371 $249 0.2 %
Interest checking123,556 120,110 3,446 2.9 
Money market and savings136,423 136,106 317 0.2 
Time deposits41,270 39,337 1,933 4.9 
Total deposits$404,869 $398,924 $5,945 1.5 

Average deposits for the second quarter of 2026 were $404.9 billion, up $5.9 billion, or 1.5%, compared to the first quarter of 2026, driven by an increase in interest checking. Average noninterest-bearing deposits increased 0.2% compared to the first quarter of 2026 and represented 25.6% of total deposits for the second quarter of 2026 and 25.9% for the first quarter of 2026.

End of period deposits were $409.4 billion, up $5.3 billion, or 1.3%, compared to March 31, 2026, primarily due to an increase in interest checking deposits and time deposits, partially offset by a decline in money market and savings and noninterest-bearing deposits.

- 4 -
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Capital Ratios
2Q261Q264Q253Q252Q25
Risk-based:(preliminary)
CET110.9 %10.8 %10.8 %11.0 %11.0 %
Tier 112.2 11.9 11.9 12.3 12.3 
Total14.0 13.7 13.8 14.2 14.3 
Leverage9.8 9.9 10.0 10.2 10.2 
Supplementary leverage8.2 8.3 8.3 8.5 8.5 

Capital ratios remain strong relative to the regulatory requirements for well-capitalized banks. Truist’s CET1 ratio was 10.9% as of June 30, 2026, up 10 basis points compared to March 31, 2026, primarily due to current quarter earnings and a reduction in risk-weighted assets, partially offset by capital returned to shareholders.

Truist declared common dividends of $0.52 per share during the second quarter of 2026 and repurchased $1.2 billion of common stock. The dividend and total payout ratios for the second quarter of 2026 were 42% and 121%, respectively.

Truist’s average consolidated LCR was 113% for the three months ended June 30, 2026, compared to the regulatory minimum of 100%.

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Asset Quality
(Dollars in millions)2Q261Q264Q253Q252Q25
Total nonperforming assets$1,748 $1,785 $1,633 $1,629 $1,316 
Total loans 90 days or more past due and still accruing
698 760 684 584 546 
Total loans 30-89 days past due and still accruing1,774 1,743 1,980 1,743 1,811 
Nonperforming loans and leases as a percentage of loans and leases HFI
0.51 %0.50 %0.48 %0.48 %0.39 %
Loans 90 days or more past due and still accruing as a percentage of loans and leases HFI
0.21 0.23 0.21 0.18 0.17 
Loans 90 days or more past due and still accruing as a percentage of loans and leases HFI, excluding government guaranteed loans
0.04 0.05 0.05 0.05 0.04 
Loans 30-89 days past due and still accruing as a percentage of loans and leases HFI
0.54 0.53 0.60 0.54 0.57 
ALLL as a percentage of loans and leases HFI
1.51 1.53 1.53 1.54 1.54 
Ratio of ALLL to NCO (annualized)
3.0x2.5x2.7x3.3x3.1x
Ratio of ALLL to nonperforming loans and leases HFI
2.9x3.1x3.2x3.2x3.9x

Nonperforming assets totaled $1.7 billion at June 30, 2026, down $37 million compared to March 31, 2026, primarily due to decreases in the commercial and industrial and LHFS portfolios, partially offset by an increase in the indirect auto portfolio. 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 0.51% of loans and leases HFI at June 30, 2026, up one basis point compared to March 31, 2026.

Loans 90 days or more past due and still accruing totaled $698 million at June 30, 2026, down two basis points as a percentage of loans and leases compared with March 31, 2026. 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 0.04% at June 30, 2026, down one basis point compared to March 31, 2026.

Loans 30-89 days past due and still accruing totaled $1.8 billion at June 30, 2026, up $31 million, or one basis point as a percentage of loans and leases, compared to March 31, 2026.

The ACL was $5.3 billion at June 30, 2026, and included $5.0 billion for the ALLL and $333 million for the reserve for unfunded commitments. The ALLL ratio at June 30, 2026 was 1.51%, down two basis points compared with March 31, 2026. The ALLL covered nonperforming loans and leases HFI 2.9x at June 30, 2026, compared to 3.1x at March 31, 2026. At June 30, 2026, the ALLL was 3.0x annualized net charge-offs, compared to 2.5x at March 31, 2026.

Provision for Credit Losses
Quarter EndedChange
(Dollars in millions)2Q261Q262Q25
Link Quarter
Like Quarter
Provision for credit losses$395 $479 $488 $(84)(17.5)%$(93)(19.1)%
Net charge-offs414 491 396 (77)(15.7)18 4.5 
Net charge-offs as a percentage of average loans and leases (annualized)
0.50 %0.61 %0.51 %(11) bps(1) bp

The provision for credit losses was $395 million for the second quarter of 2026, compared to $479 million for the first quarter of 2026.

•The provision for credit losses decreased compared to the first quarter of 2026 due to a decline in net charge-offs.
•The NCO ratio for the current quarter was down compared to the first quarter of 2026 driven by declines in net charge-offs across most portfolios.

The provision for credit losses was $395 million for the second quarter of 2026, compared to $488 million for the second quarter of 2025.

•The provision for credit losses decreased compared to the second quarter of 2025 due to an allowance release in the second quarter of 2026.
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Earnings Presentation and Quarterly Performance Summary
Investors can access the live second quarter 2026 earnings call at 8 a.m. ET today by webcast or dial-in as follows:

Webcast: app.webinar.net/oM9yPobVKXd

Dial-in: 1-877-883-0383, passcode 0575894

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 Second 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 $556 billion as of June 30, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.

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Glossary of Defined Terms
TermDefinition
ACL
Allowance for credit losses
AFS
Available-for-sale
AIArtificial intelligence, including machine learning
ALLL
Allowance for loan and lease losses
ATM
Automated teller machine
BVPSBook value (common equity) per share
CEOChief Executive Officer
CET1
Common equity tier 1
CRECommercial real estate
FDICFederal Deposit Insurance Corporation
FHLBFederal Home Loan Bank
GAAPAccounting principles generally accepted in the United States of America
GSE
U.S. government-sponsored enterprise
HFIHeld for investment
HTM
Held-to-maturity
LCRLiquidity Coverage Ratio
LHFSLoans held for sale
Like Quarter
Second quarter of 2025
Link Quarter
First quarter of 2026
MBS
Mortgage-backed securities
MSR
Mortgage servicing rights
NCO
Net charge-offs
NIM - TENet interest margin, computed on a TE basis
NMNot meaningful
NQDCP
Non-Qualified Defined Contribution Plan
PPNRPre-provision net revenue
ROA
Return on average assets
ROCEReturn on average common equity
ROTCE
Return on average tangible common equity
TBVPS
Tangible book value per common share
TE
Taxable equivalent
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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 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 Second Quarter 2026 Quarterly Performance Summary, which is available at https://ir.truist.com/earnings.
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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, AI-driven cyberattacks, environmental conditions, and intentional acts of destruction;
•the performance, availability, and resilience of third-party service providers on whom we rely in delivering products and services to our clients and otherwise in conducting our business and operations;
•the adequacy and effectiveness of our corporate governance, risk-management framework, compliance programs, and internal controls over financial reporting, including our ability to identify, assess, monitor, and mitigate risks, remediate lapses or deficiencies in financial reporting, and make appropriate estimates;
•our ability to develop, maintain, and market our products or services and to manage risks and unanticipated costs or liabilities associated with those products or services;
•our ability to satisfactorily and profitably perform loan servicing and similar obligations;
•the legal, regulatory, and supervisory environment, including changes in financial services legislation, regulation, policies, or government leadership or personnel;
•U.S. and international regulatory capital and liquidity requirements and standards and their effects on our capital and liquidity levels, ratios, buffers, and targets, and our ability to pay or increase dividends, repurchase shares, or take other capital actions;
•our ability to address scrutiny and expectations from supervisory or other governmental authorities and to timely and credibly remediate related concerns or deficiencies;
•judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings that create uncertainty for or are adverse to us or the financial services industry;
•the outcomes of judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings to which we are or may be subject (either directly or indirectly through our ownership interests in other entities) and our ability to absorb and address any damages or other remedies that are sought or awarded and any collateral consequences;
•our ability to 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.
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Quarterly Performance Summary
Truist Financial Corporation
Second Quarter 2026




Table of Contents 
Quarterly Performance Summary 
Truist Financial Corporation
   
   
   
  Page
Financial Highlights
1
Consolidated Statements of Income
2
Consolidated Ending Balance Sheets
3
Average Balances and Rates
4
Credit Quality
6
Segment Financial Performance
8
Capital Information
9
Selected Mortgage Banking Information & Additional Information
10
Non-GAAP Reconciliations
11



Financial Highlights
Quarter EndedYear-to-Date
(Dollars in millions, except per share data, shares in thousands)June 30March 31Dec. 31Sept. 30June 30June 30June 30
2026202620252025202520262025
Summary Income Statement
Interest income$5,967 $5,855 $6,114 $6,286 $6,154 $11,822 $12,142 
Plus: TE adjustment46 45 49 51 48 91 96 
Interest income - TE(1)
6,013 5,900 6,163 6,337 6,202 11,913 12,238 
Interest expense2,346 2,256 2,414 2,657 2,567 4,602 5,048 
Net interest income3,621 3,599 3,700 3,629 3,587 7,220 7,094 
Net interest income - TE(1)
3,667 3,644 3,749 3,680 3,635 7,311 7,190 
Provision for credit losses395 479 512 436 488 874 946 
Net interest income after provision for credit losses3,226 3,120 3,188 3,193 3,099 6,346 6,148 
Noninterest income1,644 1,553 1,546 1,558 1,400 3,197 2,792 
Noninterest expense3,055 2,983 3,170 3,014 2,986 6,038 5,892 
Income before income taxes1,815 1,690 1,564 1,737 1,513 3,505 3,048 
Provision for income taxes262 209 210 285 273 471 547 
Net income1,553 1,481 1,354 1,452 1,240 3,034 2,501 
Preferred stock dividends and other34 104 65 104 60 138 164 
Net Income available to common shareholders1,519 1,377 1,289 1,348 1,180 2,896 2,337 
Additional Income Statement Information
Revenue5,265 5,152 5,246 5,187 4,987 10,417 9,886 
Revenue - TE(1)
5,311 5,197 5,295 5,238 5,035 10,508 9,982 
PPNR(1)
2,256 2,214 2,125 2,224 2,049 4,470 4,090 
Key Metrics
Earnings:
Earnings per share-basic1.24 1.10 1.02 1.05 0.91 2.34 1.80 
Earnings per share-diluted1.23 1.09 1.00 1.04 0.90 2.31 1.78 
Cash dividends declared per share0.52 0.52 0.52 0.52 0.52 1.04 1.04 
BVPS48.04 47.60 47.74 46.70 45.70 
TBVPS(1)
33.40 33.19 33.48 32.57 31.63 
End of period shares outstanding1,221,626 1,245,879 1,262,470 1,279,246 1,289,435 
Weighted average shares outstanding-basic1,224,867 1,248,628 1,267,341 1,280,571 1,292,292 1,236,682 1,299,833 
Weighted average shares outstanding-diluted1,239,040 1,266,572 1,285,078 1,296,666 1,305,005 1,252,766 1,314,779 
ROA1.13 %1.10 %0.99 %1.06 %0.93 %1.12 %0.94 %
ROCE10.4 9.3 8.5 9.0 8.1 9.9 8.1 
ROTCE(1)
15.4 13.8 12.7 13.6 12.3 14.6 12.3 
NIM - TE(1)
2.98 3.02 3.07 3.01 3.02 3.00 3.02 
Efficiency ratio58.0 57.9 60.4 58.1 59.958.0 59.6
Credit Quality
Nonperforming loans and leases as a percentage of loans and leases HFI0.51 %0.50 %0.48 %0.48 %0.39 %
NCO as a percentage of average loans and leases HFI0.50 0.61 0.57 0.48 0.51 0.56 %0.55 %
ALLL as a percentage of loans and leases HFI1.51 1.53 1.53 1.54 1.54 
Ratio of ALLL to nonperforming loans and leases HFI2.9x3.1x3.2x3.2x3.9x
Average Balances
Assets$550,465 $544,121 $542,233 $541,825 $537,069 $547,311 $534,365 
Securities(2)
118,138 116,118 117,707 119,180 121,829 117,134 122,939 
Loans and leases 331,749 328,972 326,737 322,070 313,841 330,368 310,702 
Deposits404,869 398,924 396,010 396,600 400,483 401,913 396,366 
Common shareholders’ equity58,616 59,879 59,991 59,141 58,327 59,244 58,227 
Total shareholders’ equity63,788 64,794 65,338 65,049 64,235 64,289 64,135 
Period-End Balances
Assets$556,023 $548,975 $547,538 $543,851 $543,833 
Securities(2)
114,002 111,866 112,228 113,544 115,363 
Loans and leases 332,273 331,412 330,478 325,663 319,999 
Deposits409,379 404,081 400,398 394,907 406,122 
Common shareholders’ equity58,684 59,298 60,273 59,739 58,933 
Total shareholders’ equity64,095 64,214 65,189 65,646 64,840 
Capital and Liquidity Ratios(preliminary)
Common equity tier 110.9 %10.8 %10.8 %11.0 %11.0 %
Tier 112.2 11.9 11.9 12.3 12.3 
Total 14.0 13.7 13.8 14.2 14.3 
Leverage9.8 9.9 10.0 10.2 10.2 
Supplementary leverage8.2 8.3 8.3 8.5 8.5 
Liquidity coverage ratio113 110 111 110 110 
Applicable ratios are annualized.
(1)Represents a non-GAAP measure. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in the Non-GAAP Reconciliations section of this Quarterly Performance Summary or within the table above for TE measures. Net interest margin –TE is calculated using net interest income on a TE basis to determine the total yield on interest-earning assets.
(2)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.
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Consolidated Statements of Income
Quarter EndedYear-to-Date
June 30March 31Dec. 31Sept. 30June 30June 30June 30
(Dollars in millions, except per share data, shares in thousands)2026202620252025202520262025
Interest Income
Interest and fees on loans and leases$4,659 $4,599 $4,778 $4,816 $4,657 $9,258 $9,150 
Interest on securities871 849 896 941 961 1,720 1,936 
Interest on other earning assets437 407 440 529 536 844 1,056 
Total interest income5,967 5,855 6,114 6,286 6,154 11,822 12,142 
Interest Expense
Interest on deposits1,575 1,525 1,633 1,835 1,844 3,100 3,580 
Interest on long-term debt485 445 481 523 431 930 840 
Interest on other borrowings286 286 300 299 292 572 628 
Total interest expense2,346 2,256 2,414 2,657 2,567 4,602 5,048 
Net Interest Income3,621 3,599 3,700 3,629 3,587 7,220 7,094 
Provision for credit losses395 479 512 436 488 874 946 
Net Interest Income After Provision for Credit Losses3,226 3,120 3,188 3,193 3,099 6,346 6,148 
Noninterest Income
Wealth management income375 370 365 374 348 745 692 
Card and treasury management fees353 338 336 340 351 691 684 
Investment banking and trading income352 372 335 323 205 724 478 
Other deposit revenue120 120 121 125 108 240 225 
Mortgage banking income116 133 119 118 107 249 215 
Lending related fees120 118 98 103 99 238 194 
Securities gains (losses)— — — — (18)— (19)
Other income208 102 172 175 200 310 323 
Total noninterest income1,644 1,553 1,546 1,558 1,400 3,197 2,792 
Noninterest Expense
Personnel expense1,792 1,727 1,818 1,748 1,678 3,519 3,282 
Professional fees and outside processing335 313 337 346 373 648 737 
Software expense239 230 242 233 231 469 461 
Net occupancy expense171 179 176 185 181 350 349 
Equipment expense79 85 90 90 89 164 171 
Marketing and customer development91 79 63 79 82 170 157 
Amortization of intangibles63 64 70 72 73 127 148 
Regulatory costs61 68 7 32 55 129 124 
Other expense224 238 367 229 224 462 463 
Total noninterest expense3,055 2,983 3,170 3,014 2,986 6,038 5,892 
Earnings
Income before income taxes1,815 1,690 1,564 1,737 1,513 3,505 3,048 
Provision for income taxes262 209 210 285 273 471 547 
Net income1,553 1,481 1,354 1,452 1,240 3,034 2,501 
Preferred stock dividends and other34 104 65 104 60 138 164 
Net income available to common shareholders$1,519 $1,377 $1,289 $1,348 $1,180 $2,896 $2,337 
Earnings Per Common Share
Earnings per share-basic1.24 1.10 1.02 1.05 0.91 2.34 1.80 
Earnings per share-diluted1.23 1.09 1.00 1.04 0.90 2.31 1.78 
Weighted Average Shares Outstanding
Basic1,224,867 1,248,628 1,267,341 1,280,571 1,292,292 1,236,682 1,299,833 
Diluted1,239,040 1,266,572 1,285,078 1,296,666 1,305,005 1,252,766 1,314,779 

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Consolidated Ending Balance Sheets - Five Quarter Trend
June 30March 31Dec. 31Sept. 30June 30
(Dollars in millions)20262026202520252025
Assets
Cash and due from banks$4,707 $4,294 $4,967 $4,329 $5,157 
Interest-bearing deposits with banks34,581 31,903 31,410 32,523 36,294 
Securities borrowed or purchased under agreements to resell 4,431 4,047 3,200 2,981 2,656 
Trading assets at fair value5,288 5,235 5,790 5,731 5,963 
AFS securities at fair value67,651 65,430 65,042 65,522 66,390 
HTM securities at amortized cost46,351 46,436 47,186 48,022 48,973 
Loans and leases:
Commercial:
Commercial and industrial168,826 169,247 167,808 163,607 162,273 
CRE25,479 24,447 23,720 22,414 20,270 
Commercial construction7,372 7,620 7,783 8,027 8,277 
Consumer:
Residential mortgage56,632 56,297 56,807 57,623 57,828 
Home equity9,677 9,633 9,719 9,618 9,591 
Indirect auto23,840 25,054 25,659 25,490 24,558 
Other consumer33,164 32,097 32,181 32,070 31,122 
Credit card4,806 4,843 4,918 4,889 4,877 
Total loans and leases held for investment329,796 329,238 328,595 323,738 318,796 
Loans held for sale2,477 2,174 1,883 1,925 1,203 
Total loans and leases332,273 331,412 330,478 325,663 319,999 
Allowance for loan and lease losses(4,983)(5,026)(5,030)(4,988)(4,899)
Premises and equipment3,177 3,145 3,172 3,176 3,197 
Goodwill17,125 17,125 17,125 17,125 17,125 
Core deposit and other intangible assets1,130 1,192 1,256 1,328 1,399 
Loan servicing rights at fair value4,293 4,112 3,972 3,776 3,612 
Other assets39,999 39,670 38,970 38,663 37,967 
Total assets$556,023 $548,975 $547,538 $543,851 $543,833 
Liabilities
Deposits:
Noninterest-bearing deposits$104,341 $105,460 $105,092 $106,197 $106,442 
Interest checking130,421 123,257 117,830 109,827 118,122 
Money market and savings133,688 135,702 139,044 135,931 133,891 
Time deposits40,929 39,662 38,432 42,952 47,667 
Total deposits409,379 404,081 400,398 394,907 406,122 
Short-term borrowings26,885 27,441 27,839 29,376 16,631 
Long-term debt42,976 41,622 41,963 41,729 44,427 
Other liabilities12,688 11,617 12,149 12,193 11,813 
Total liabilities491,928 484,761 482,349 478,205 478,993 
Shareholders’ Equity:
Preferred stock5,411 4,916 4,916 5,907 5,907 
Common stock6,108 6,229 6,312 6,396 6,447 
Additional paid-in capital 31,616 32,610 33,663 34,278 34,620 
Retained earnings27,676 26,796 26,067 25,438 24,759 
Accumulated other comprehensive loss(6,716)(6,337)(5,769)(6,373)(6,893)
Total shareholders’ equity64,095 64,214 65,189 65,646 64,840 
Total liabilities and shareholders’ equity$556,023 $548,975 $547,538 $543,851 $543,833 
- 3 -

Average Balances and Rates - Quarters
 Quarter Ended
 June 30, 2026March 31, 2026December 31, 2025September 30, 2025June 30, 2025
(Dollars in millions)
Average Balances(1)
Income/ Expense(2)
Yields/ Rates(2)
Average Balances(1)
Income/ Expense(2)
Yields/ Rates(2)
Average Balances(1)
Income/ Expense(2)
Yields/ Rates(2)
Average Balances(1)
Income/ Expense(2)
Yields/ Rates(2)
Average Balances(1)
Income/ Expense(2)
Yields/ Rates(2)
Assets               
AFS and HTM securities at amortized cost:
U.S. Treasury$13,454 $145 4.32 %$13,138 $145 4.48 %$13,275 $162 4.82 %$13,351 $174 5.18 %$14,034 $181 5.20 %
GSE464 4 3.84 474 5 3.98 478 4 3.80 458 4 3.86 463 5 3.73 
Agency MBS103,367 717 2.78 102,089 696 2.73 103,591 727 2.81 104,998 760 2.89 106,947 772 2.89 
States and political subdivisions347 4 4.27 347 3 4.30 349 4 4.27 358 3 4.19 370 4 4.20 
Other506 3 2.12 70 — 1.65 14 — 4.42 15 1 4.50 15 — 4.53 
Total securities118,138 873 2.96 116,118 849 2.93 117,707 897 3.04 119,180 942 3.16 121,829 962 3.16 
Loans and leases:
Commercial:
Commercial and industrial168,817 2,211 5.25 166,636 2,179 5.30 163,990 2,267 5.49 162,207 2,312 5.66 158,491 2,262 5.72 
CRE24,938 349 5.56 24,165 339 5.64 23,205 354 5.99 21,171 336 6.25 19,687 308 6.22 
Commercial construction7,455 112 6.18 7,845 117 6.21 8,015 129 6.52 8,258 139 6.84 8,613 144 6.85 
Consumer:
Residential mortgage56,342 585 4.15 56,458 582 4.13 57,100 589 4.13 57,676 598 4.15 56,789 579 4.08 
Home equity9,656 169 7.02 9,666 167 6.99 9,679 176 7.24 9,588 182 7.51 9,586 178 7.47 
Indirect auto24,430 429 7.06 25,342 443 7.08 25,639 469 7.27 24,964 459 7.29 24,158 441 7.32 
Other consumer32,661 679 8.33 32,053 662 8.38 32,181 677 8.35 31,714 668 8.36 30,387 634 8.37 
Credit card4,863 133 10.93 4,857 129 10.79 4,956 136 10.89 4,915 146 11.74 4,890 139 11.35 
Total loans and leases held for investment329,162 4,667 5.68 327,022 4,618 5.71 324,765 4,797 5.87 320,493 4,840 6.00 312,601 4,685 6.01 
Loans held for sale2,587 35 5.54 1,950 26 5.24 1,972 28 5.64 1,577 24 6.18 1,240 19 6.15 
Total loans and leases331,749 4,702 5.68 328,972 4,644 5.71 326,737 4,825 5.87 322,070 4,864 6.00 313,841 4,704 6.01 
Interest earning trading assets5,618 75 5.32 5,807 74 5.09 6,015 82 5.38 5,991 86 5.70 5,896 88 5.98 
Other earning assets(3)
36,956 363 3.89 35,457 333 3.77 34,138 359 4.13 38,765 445 4.50 39,417 448 4.51 
Total earning assets492,461 6,013 4.89 486,354 5,900 4.90 484,597 6,163 5.05 486,006 6,337 5.18 480,983 6,202 5.16 
Nonearning assets58,004 57,767 57,636 55,819 56,086 
Total assets$550,465 $544,121 $542,233 $541,825 $537,069 
Liabilities and Shareholders’ Equity        
Interest-bearing deposits:      
Interest checking$123,556 652 2.12 $120,110 619 2.09 $112,313 618 2.18 $109,244 677 2.46 $116,193 726 2.51 
Money market and savings136,423 608 1.79 136,106 609 1.81 138,114 677 1.95 136,515 755 2.19 135,607 751 2.22 
Time deposits41,270 315 3.06 39,337 297 3.06 40,031 338 3.35 45,090 403 3.54 41,997 367 3.50 
Total interest-bearing deposits301,249 1,575 2.10 295,553 1,525 2.09 290,458 1,633 2.23 290,849 1,835 2.50 293,797 1,844 2.52 
Short-term borrowings28,893 286 3.97 30,669 286 3.78 29,128 300 4.08 26,796 299 4.42 26,241 292 4.47 
Long-term debt40,640 485 4.77 37,141 445 4.80 39,138 481 4.91 41,458 523 5.04 34,213 431 5.02 
Total interest-bearing liabilities370,782 2,346 2.54 363,363 2,256 2.51 358,724 2,414 2.67 359,103 2,657 2.94 354,251 2,567 2.91 
Noninterest-bearing deposits103,620 103,371 105,552 105,751 106,686 
Other liabilities12,275 12,593 12,619 11,922 11,897 
Shareholders’ equity63,788 64,794 65,338 65,049 64,235 
Total liabilities and shareholders’ equity$550,465 $544,121 $542,233 $541,825 $537,069 
Average interest-rate spread2.35 2.39 2.38 2.24 2.25 
Net interest income / net interest margin -TE(2)
$3,667 2.98 %$3,644 3.02 %$3,749 3.07 %$3,680 3.01 %$3,635 3.02 %
TE adjustment(2)
46 45 49 51 48 
Net interest income$3,621 $3,599 $3,700 $3,629 $3,587 
Memo: Total deposits$404,869 1,575 1.56 %$398,924 1,525 1.55 %$396,010 1,633 1.64 %$396,600 1,835 1.84 %$400,483 1,844 1.85 %
(1)Represents daily average balances. Unrealized gains and losses on AFS securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.
(2)Amounts related to interest income and yields are on a TE basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends. A reconciliation of net interest income - TE to net interest income is included within the table above. NIM – TE is calculated using net interest income on a TE basis to determine the total yield on interest-earning assets.
(3)Includes cash equivalents, interest-bearing deposits with banks, FHLB stock, and other earning assets.

- 4 -

Average Balances and Rates - Year-To-Date
 Year-to-Date
 June 30, 2026June 30, 2025
(Dollars in millions)
Average Balances(1)
Income/Expense(2)
Yields/ Rates(2)
Average Balances(1)
Income/Expense(2)
Yields/ Rates(2)
Assets      
AFS and HTM securities at amortized cost:
U.S. Treasury$13,297 $290 4.40 %$14,448 $372 5.19 %
GSE469 9 3.91 462 9 3.74 
Agency MBS102,732 1,413 2.75 107,643 1,549 2.88 
States and political subdivisions347 7 4.29 370 8 4.20 
Other289 3 2.06 16 — 4.63 
Total securities117,134 1,722 2.95 122,939 1,938 3.16 
Loans and leases:
Commercial:
Commercial and industrial167,732 4,390 5.27 156,861 4,446 5.71 
CRE24,554 688 5.60 19,759 610 6.17 
Commercial construction7,649 229 6.20 8,673 289 6.84 
Consumer:
Residential mortgage56,400 1,167 4.14 56,226 1,141 4.06 
Home equity9,661 336 7.00 9,578 355 7.47 
Indirect auto24,884 872 7.07 23,705 853 7.26 
Other consumer32,358 1,341 8.36 29,843 1,236 8.35 
Credit card4,860 262 10.86 4,870 277 11.47 
Total loans and leases held for investment328,098 9,285 5.70 309,515 9,207 5.99 
Loans held for sale2,270 61 5.40 1,187 36 6.04 
Total loans and leases330,368 9,346 5.70 310,702 9,243 5.99 
Interest earning trading assets5,712 149 5.20 5,763 168 5.85 
Other earning assets(3)
36,210 696 3.83 39,208 889 4.52 
Total earning assets489,424 11,913 4.89 478,612 12,238 5.14 
Nonearning assets57,887 55,753 
Total assets$547,311 $534,365 
Liabilities and Shareholders’ Equity    
Interest-bearing deposits:
Interest checking$121,843 1,271 2.10 $112,720 1,366 2.44 
Money market and savings136,265 1,217 1.80 136,249 1,494 2.21 
Time deposits40,309 612 3.06 41,104 720 3.53 
Total interest-bearing deposits298,417 3,100 2.09 290,073 3,580 2.49 
Short-term borrowings29,776 572 3.87 28,275 628 4.48 
Long-term debt38,900 930 4.79 33,320 840 5.04 
Total interest-bearing liabilities367,093 4,602 2.52 351,668 5,048 2.89 
Noninterest-bearing deposits103,496 106,293 
Other liabilities12,433 12,269 
Shareholders’ equity64,289 64,135 
Total liabilities and shareholders’ equity$547,311 $534,365 
Average interest-rate spread2.37 2.25 
Net interest income / net interest margin - taxable equivalent$7,311 3.00 %$7,190 3.02 %
Taxable-equivalent adjustment91 96 
Net interest income$7,220 $7,094 
Memo: Total deposits$401,913 3,100 1.56 %$396,366 3,580 1.82 %
(1)Represents daily average balances. Unrealized gains and losses on AFS securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.
(2)Amounts related to interest income and yields are on a TE basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends. A reconciliation of net interest income - TE to net interest income is included within the table above. NIM – TE is calculated using net interest income on a TE basis to determine the total yield on interest-earning assets.
(3)Includes cash equivalents, interest-bearing deposits with banks, FHLB stock, and other earning assets.
- 5 -

Credit Quality
 June 30March 31Dec. 31Sept. 30June 30
(Dollars in millions)20262026202520252025
Nonperforming Assets     
Nonaccrual loans and leases:     
Commercial:     
Commercial and industrial$657 $738 $839 $800 $520 
CRE43 21 47 98 128 
Commercial construction22 23 41 42 1 
Consumer:
Residential mortgage231 231 213 196 191 
Home equity98 101 99 103 107 
Indirect auto569 455 267 247 240 
Other consumer72 73 71 66 64 
Total nonaccrual loans and leases held for investment1,692 1,642 1,577 1,552 1,251 
Loans held for sale— 79 — 19 12 
Total nonaccrual loans and leases1,692 1,721 1,577 1,571 1,263 
Foreclosed real estate5 6 3 4 4 
Other foreclosed property51 58 53 54 49 
Total nonperforming assets$1,748 $1,785 $1,633 $1,629 $1,316 
Loans 90 Days or More Past Due and Still Accruing
Commercial:
Commercial and industrial$2 $4 $3 $3 $2 
CRE3 — — — — 
Consumer:
Residential mortgage - government guaranteed560 609 532 438 424 
Residential mortgage - nonguaranteed33 39 38 41 41 
Home equity8 7 7 6 6 
Other consumer25 26 28 27 24 
Credit card67 75 76 69 49 
Total loans 90 days past due and still accruing$698 $760 $684 $584 $546 
Loans 30-89 Days Past Due and Still Accruing
Commercial:
Commercial and industrial$142 $260 $127 $73 $122 
CRE95 42 25 6 34 
Commercial construction— 10 36 5 15 
Consumer:
Residential mortgage - government guaranteed311 263 329 327 330 
Residential mortgage - nonguaranteed354 293 357 344 365 
Home equity52 57 69 54 54 
Indirect auto521 508 679 620 582 
Other consumer232 240 281 241 239 
Credit card67 70 77 73 70 
Total loans 30-89 days past due and still accruing$1,774 $1,743 $1,980 $1,743 $1,811 

As of/For the Quarter Ended
 June 30March 31Dec. 31Sept. 30June 30
 20262026202520252025
Asset Quality Ratios     
Nonperforming loans and leases as a percentage of loans and leases0.51 %0.50 %0.48 %0.48 %0.39 %
Nonperforming loans and leases(1) as a percentage of total loans and leases(1)
0.51 0.52 0.48 0.48 0.39 
Nonperforming assets(1) as a percentage of total assets
0.31 0.33 0.30 0.30 0.24 
Nonperforming assets as a percentage of loans and leases plus foreclosed property0.53 0.52 0.50 0.50 0.41 
Loans 90 days or more past due and still accruing as a percentage of loans and leases0.21 0.23 0.21 0.18 0.17 
Loans 90 days or more past due and still accruing as a percentage of loans and leases, excluding government guaranteed loans0.04 0.05 0.05 0.05 0.04 
Loans 30-89 days past due and still accruing as a percentage of loans and leases0.54 0.53 0.60 0.54 0.57 
Allowance for loan and lease losses as a percentage of loans and leases1.51 1.53 1.53 1.54 1.54 
Ratio of allowance for loan and lease losses to:
Net charge-offs (annualized)3.0X2.5X2.7X3.3X3.1X
Nonperforming loans and leases2.9X3.1X3.2X3.2X3.9X
(1)Nonperforming assets and total loans and leases include loans held for sale.
    As of/For the Year-to-Date
    Period Ended June 30
    20262025
Asset Quality Ratios     
Net charge-offs as a percentage of average loans and leases   0.56 %0.55 %
Ratio of allowance for loan and lease losses to net charge-offs   2.7X2.9X
Applicable ratios are annualized.

- 6 -

As of/For the Quarter EndedAs of/For the Year-to-Date
 June 30March 31Dec. 31Sept. 30June 30Period Ended June 30
(Dollars in millions)2026202620252025202520262025
Allowance for Credit Losses     
Beginning balance$5,335 $5,347 $5,305 $5,253 $5,166 $5,347 $5,161 
Provision for credit losses395 479 512 436 488 874 946 
Charge-offs:
Commercial:
Commercial and industrial(137)(142)(141)(98)(120)(279)(222)
CRE(1)(7)(14)(25)(38)(8)(108)
Commercial construction(1)(17)— — — (18)— 
Consumer:
Residential mortgage(1)(1)(3)(1)(1)(2)(2)
Home equity(3)(3)(2)(2)(4)(6)(6)
Indirect auto(135)(158)(160)(150)(127)(293)(281)
Other consumer(168)(184)(178)(155)(146)(352)(300)
Credit card(70)(71)(67)(49)(70)(141)(144)
Total charge-offs(516)(583)(565)(480)(506)(1,099)(1,063)
Recoveries:       
Commercial:       
Commercial and industrial22 16 23 20 31 38 55 
CRE1 3 6 2 3 4 10 
Commercial construction1 1 1 — 1 2 1 
Consumer:
Residential mortgage1 2 1 2 — 3 2 
Home equity3 3 3 5 4 6 8 
Indirect auto29 25 24 25 28 54 53 
Other consumer35 33 28 31 31 68 61 
Credit card10 9 9 10 12 19 23 
Total recoveries102 92 95 95 110 194 213 
Net charge-offs(414)(491)(470)(385)(396)(905)(850)
Other— — — 1 (5)— (4)
Ending balance$5,316 $5,335 $5,347 $5,305 $5,253 $5,316 $5,253 
Allowance for Credit Losses:     
Allowance for loan and lease losses$4,983 $5,026 $5,030 $4,988 $4,899 
Reserve for unfunded lending commitments333 309 317 317 354 
Allowance for credit losses$5,316 $5,335 $5,347 $5,305 $5,253 

Quarter EndedAs of/For the Year-to-Date
 June 30March 31Dec. 31Sept. 30June 30Period Ended June 30
 2026202620252025202520262025
Net Charge-offs as a Percentage of Average Loans and Leases:
Commercial:     
Commercial and industrial0.27 %0.31 %0.29 %0.19 %0.22 %0.29 %0.21 %
CRE— 0.06 0.14 0.44 0.71 0.03 1.00 
Commercial construction(0.01)0.84 (0.04)(0.03)(0.02)0.42 (0.02)
Consumer:
Residential mortgage— (0.01)0.01 — — — — 
Home equity0.02 (0.02)(0.04)(0.11)(0.04)— (0.05)
Indirect auto1.73 2.14 2.10 1.99 1.63 1.94 1.94 
Other consumer1.63 1.91 1.84 1.55 1.54 1.77 1.62 
Credit card4.97 5.15 4.64 3.13 4.84 5.06 5.02 
Total loans and leases0.50 0.61 0.57 0.48 0.51 0.56 0.55 
Ratios are annualized.
 

- 7 -

Segment Financial Performance - Preliminary
Quarter Ended
June 30March 31Dec. 31Sept. 30June 30
(Dollars in millions)20262026202520252025
Consumer and Small Business Banking
Net interest income (expense)$1,624 $1,605 $1,622 $1,570 $1,496 
Net intersegment interest income (expense) 980 889 863 851 828 
Segment net interest income (expense)2,604 2,494 2,485 2,421 2,324 
Allocated provision for credit losses307 374 431 400 384 
Noninterest income530 528 521 530 519 
Personnel expense443 433 443 449 434 
Amortization of intangibles33 34 37 38 39 
Other direct noninterest expense312 293 288 281 286 
Direct noninterest expense788 760 768 768 759 
Expense allocations933 920 934 936 940 
Total noninterest expense1,721 1,680 1,702 1,704 1,699 
Income (loss) before income taxes1,106 968 873 847 760 
Provision (benefit) for income taxes271 238 212 207 186 
Segment net income (loss)$835 $730 $661 $640 $574 
Wholesale Banking
Net interest income (expense)$1,942 $1,922 $2,018 $2,030 $1,872 
Net intersegment interest income (expense) (411)(414)(402)(452)(306)
Segment net interest income (expense)1,531 1,508 1,616 1,578 1,566 
Allocated provision for credit losses90 105 82 36 104 
Noninterest income1,158 1,069 1,134 1,142 941 
Personnel expense626 612 668 598 574 
Amortization of intangibles30 30 33 34 34 
Other direct noninterest expense200 187 188 199 202 
Direct noninterest expense856 829 889 831 810 
Expense allocations528 520 465 485 519 
Total noninterest expense1,384 1,349 1,354 1,316 1,329 
Income (loss) before income taxes1,215 1,123 1,314 1,368 1,074 
Provision (benefit) for income taxes255 232 272 284 213 
Segment net income (loss)$960 $891 $1,042 $1,084 $861 
Other, Treasury & Corporate(1)
Net interest income (expense)$55 $72 $60 $29 $219 
Net intersegment interest income (expense) (569)(475)(461)(399)(522)
Segment net interest income (expense)(514)(403)(401)(370)(303)
Allocated provision for credit losses(2)— (1)— — 
Noninterest income(44)(44)(109)(114)(60)
Personnel expense723 682 707 701 670 
Amortization of intangibles— — — — — 
Other direct noninterest expense688 712 806 714 747 
Direct Noninterest Expense1,411 1,394 1,513 1,415 1,417 
Expense Allocations(1,461)(1,440)(1,399)(1,421)(1,459)
Total noninterest expense(50)(46)114 (6)(42)
Income (loss) before income taxes(506)(401)(623)(478)(321)
Provision (benefit) for income taxes(264)(261)(274)(206)(126)
Segment net income (loss)$(242)$(140)$(349)$(272)$(195)
Total Truist Financial Corporation
Net interest income (expense)$3,621 $3,599 $3,700 $3,629 $3,587 
Net intersegment interest income (expense) — — — — — 
Segment net interest income (expense)3,621 3,599 3,700 3,629 3,587 
Allocated provision for credit losses395 479 512 436 488 
Noninterest income1,644 1,553 1,546 1,558 1,400 
Personnel expense1,792 1,727 1,818 1,748 1,678 
Amortization of intangibles63 64 70 72 73 
Other direct noninterest expense1,200 1,192 1,282 1,194 1,235 
Direct Noninterest Expense3,055 2,983 3,170 3,014 2,986 
Expense Allocations— — — — — 
Total noninterest expense3,055 2,983 3,170 3,014 2,986 
Income before income taxes1,815 1,690 1,564 1,737 1,513 
Provision for income taxes262 209 210 285 273 
Net income$1,553 $1,481 $1,354 $1,452 $1,240 
(1)Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.
- 8 -

Capital Information - Five Quarter Trend
 As of/For the Quarter Ended
 June 30March 31Dec. 31Sept. 30June 30
(Dollars in millions, except per share data, shares in thousands)20262026202520252025
Selected Capital Information(preliminary)    
Risk-based capital:     
Common equity tier 1$47,488 $47,683 $48,027 $48,031 $47,678 
Tier 152,896 52,596 52,940 53,935 53,582 
Total60,707 60,470 61,255 62,377 62,119 
Risk-weighted assets434,799 440,333 443,257 438,114 434,609 
Average quarterly assets for leverage ratio537,658 530,908 529,156 529,861 525,567 
Average quarterly assets for supplementary leverage ratio645,213 636,907 635,249 635,076 626,855 
Risk-based capital ratios:
Common equity tier 110.9 %10.8 %10.8 %11.0 %11.0 %
Tier 112.2 11.9 11.9 12.3 12.3 
Total14.0 13.7 13.8 14.2 14.3 
Leverage capital ratio9.8 9.9 10.0 10.2 10.2 
Supplementary leverage8.2 8.3 8.3 8.5 8.5 
Common equity per common share$48.04 $47.60 $47.74 $46.70 $45.70 


- 9 -

Selected Mortgage Banking Information & Additional Information
 As of/For the Quarter Ended
June 30March 31Dec. 31Sept. 30June 30
(Dollars in millions, except per share data)20262026202520252025
Mortgage Banking Income
Residential mortgage income:
Residential mortgage production revenue$24 $27 $26 $22 $25 
Residential mortgage servicing income:
Residential mortgage servicing income before MSR valuation70 82 77 74 72 
Net MSRs valuation5 9 1 9 1 
Total residential mortgage servicing income75 91 78 83 73 
Total residential mortgage income99 118 104 105 98 
Commercial mortgage income:
Commercial mortgage production revenue7 12 12 10 6 
Commercial mortgage servicing income:
Commercial mortgage servicing income before MSR valuation5 3 2 4 3 
Net MSRs valuation5 — 1 (1)— 
Total commercial mortgage servicing income10 3 3 3 3 
Total commercial mortgage income17 15 15 13 9 
Total mortgage banking income$116 $133 $119 $118 $107 
Other Mortgage Banking Information
Residential mortgage loan originations$6,824 $5,137 $4,551 $4,743 $5,855 
Residential mortgage servicing portfolio:(1)
     
Loans serviced for others240,764 233,870 228,383 221,274 213,002 
Bank-owned loans serviced57,894 57,386 57,583 58,396 57,748 
Total servicing portfolio298,658 291,256 285,966 279,670 270,750 
Weighted-average coupon rate on mortgage loans serviced for others3.79 %3.77 %3.77 %3.75 %3.70 %
Weighted-average servicing fee on mortgage loans serviced for others0.29 0.29 0.28 0.28 0.28 
Additional Information
Brokered deposits(2)
$26,812 $28,488 $29,835 $28,423 $30,008 
NQDCP income (expense):(3)
Interest income$— $(6)$4 $1 $— 
Other income31 (7)(1)17 21 
Personnel expense(31)13 (3)(18)(21)
Total NQDCP income (expense) $— $— $— $— $— 
Common stock prices:
High$52.11 $56.20 $50.86 $47.46 $43.25 
Low45.83 43.13 40.78 41.98 33.56 
End of period49.82 45.97 49.21 45.72 42.99 
Banking offices1,927 1,927 1,927 1,927 1,927 
ATMs2,820 2,826 2,829 2,837 2,847 
Full-time equivalent teammates(4)
37,849 37,877 38,062 38,534 37,996 
(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.
- 10 -

Non-GAAP Reconciliations

Pre-Provision Net Revenue
 Quarter EndedYear-to-Date
 June 30March 31Dec. 31Sept. 30June 30June 30June 30
(Dollars in millions)2026202620252025202520262025
Net income$1,553 $1,481 $1,354 $1,452 $1,240 $3,034 $2,501 
Provision for credit losses395 479 512 436 488 874 946 
Provision for income taxes262 209 210 285 273 471 547 
Taxable-equivalent adjustment46 45 49 51 48 91 96 
Pre-provision net revenue(1)
$2,256 $2,214 $2,125 $2,224 $2,049 $4,470 $4,090 
(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 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 EndedYear-to-Date
 June 30March 31Dec. 31Sept. 30June 30June 30June 30
(Dollars in millions)2026202620252025202520262025
Net income available to common shareholders$1,519 $1,377 $1,289 $1,348 $1,180 $2,896 $2,337 
Amortization of intangibles63 64 70 72 73 127 148 
Applicable income taxes related to the amortization of intangibles(2)
(15)(15)(16)(18)(17)(30)(35)
Tangible net income available to common shareholders(1)
$1,567 $1,426 $1,343 $1,402 $1,236 $2,993 $2,450 
Average common shareholders’ equity$58,616 $59,879 $59,991 $59,141 $58,327 $59,244 $58,227 
Average intangible assets(18,321)(18,386)(18,456)(18,528)(18,590)(18,353)(18,630)
Applicable deferred taxes related to intangible assets(2)
401 404 409 415 417 402 420 
Average tangible common shareholders’ equity(1)
$40,696 $41,897 $41,944 $41,028 $40,154 $41,293 $40,017 
Return on average common shareholders’ equity10.4 %9.3 %8.5 %9.0 %8.1 %9.9 %8.1 %
Return on average tangible common shareholders’ equity(1)
15.4 13.8 12.7 13.6 12.3 14.6 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
 June 30March 31Dec. 31Sept. 30June 30
(Dollars in millions, except per share data, shares in thousands)20262026202520252025
Calculations of Tangible Common Equity and Related Measures:(1)
Total shareholders’ equity$64,095 $64,214 $65,189 $65,646 $64,840 
Preferred stock(5,411)(4,916)(4,916)(5,907)(5,907)
Common shareholders’ equity58,684 59,298 60,273 59,739 58,933 
Intangible assets(18,287)(18,350)(18,416)(18,489)(18,561)
Applicable deferred taxes related to intangible assets(2)
400 403 407 413 418 
Tangible common equity$40,797 $41,351 $42,264 $41,663 $40,790 
Outstanding shares at end of period1,221,626 1,245,879 1,262,470 1,279,246 1,289,435 
Common equity per common share$48.04 $47.60 $47.74 $46.70 $45.70 
Tangible common equity per common share33.40 33.19 33.48 32.57 31.63 
(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.
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Second Quarter 2026 Earnings Conference Call Bill Rogers - Chairman & CEO Mike Maguire - CFO July 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 ROTCE goals in future periods, including achieving a 15% ROTCE in 2027, and its confidence in meeting those goals, (ii) expected prepayments of investment securities and fixed rate loans and growth in net interest income in 2026, (iii) projections or estimates of common stock repurchases and preferred stock dividends, (iv) Truist being well positioned to grow and return capital to shareholders, (v) guidance with respect to financial performance metrics in future periods, including future levels of taxable equivalent revenue, noninterest expense, and net charge-off ratio, and (vi) Truist’s effective tax rate in future periods. This presentation, including any information incorporated by reference in this presentation, contains forward-looking statements. We also may make forward-looking statements in other documents that are filed or furnished with the SEC. In addition, we may make forward-looking statements orally or in writing to investors, analysts, members of the media, and others. All forward- looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, and results may differ materially from those set forth in any forward-looking statement. While no list of assumptions, risks, and uncertainties could be complete, some of the factors that may cause actual results or other future events or circumstances to differ from those in forward-looking statements include: • changes in monetary, fiscal, and trade laws or policies, including tariffs or interest rates; • evolving political, geopolitical, business, social, economic, and market conditions at the local, regional, national, and international levels; • our ability to effectively address economic, business, or market deterioration, slowdowns or disruptions; • disruptions and shifts in investor sentiment or behavior in the securities, capital, or other financial markets, including financial or systemic shocks and volatility or changes in market liquidity, interest or currency rates, or valuations; • changes in business and consumer sentiment, preferences, or behavior, including spending, borrowing, or saving by businesses or households; • negative market perceptions of our investment portfolio or its value; • our ability to manage credit risk, including in connection with the loans that we originate or purchase; • the credit, liquidity, or other financial condition of our clients, counterparties, service providers, or competitors; • our ability to cost-effectively fund our businesses and operations, including by accessing long- and short-term funding and liquidity and by retaining and growing client deposits; • our ability to manage any unexpected outflows of uninsured deposits and, in such a circumstance, to access substitute funding, and avoid selling investment securities or other assets at an unfavorable time or at a loss; • changes in our credit ratings and the related effects on our funding costs, ability to attract or retain funding, and relationships with clients and counterparties; • any instability or breakdown in the financial system, including as a result of the actual or perceived soundness of another financial institution or another participant in the financial system; • our ability to maintain secure and functional financial, accounting, technology, data processing, or other operating systems or infrastructure, including those that safeguard personal and other sensitive information; • our ability to keep pace with changes in technology, including technology-driven products and services relating to AI, that affect us or our clients, counterparties, service providers, or competitors or to maintain rights or interests in associated intellectual property; • our ability to manage system failures or disruptions affecting operations, communications, or other systems or processes; • our ability to identify, assess, monitor, and mitigate physical-security and cybersecurity risks, including denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, AI-driven cyberattacks, environmental conditions, and intentional acts of destruction; • the performance, availability, and resilience of third-party service providers on whom we rely in delivering products and services to our clients and otherwise in conducting our business and operations; • the adequacy and effectiveness of our corporate governance, risk-management framework, compliance programs, and internal controls over financial reporting, including our ability to identify, assess, monitor, and mitigate risks, remediate lapses or deficiencies in financial reporting, and make appropriate estimates; • our ability to develop, maintain, and market our products or services and to manage risks and unanticipated costs or liabilities associated with those products or services; • our ability to satisfactorily and profitably perform loan servicing and similar obligations; • the legal, regulatory, and supervisory environment, including changes in financial services legislation, regulation, policies, or government leadership or personnel; • U.S. and international regulatory capital and liquidity requirements and standards and their effects on our capital and liquidity levels, ratios, buffers, and targets, and our ability to pay or increase dividends, repurchase shares, or take other capital actions; • our ability to address scrutiny and expectations from supervisory or other governmental authorities and to timely and credibly remediate related concerns or deficiencies; • judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings that create uncertainty for or are adverse to us or the financial services industry; • the outcomes of judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings to which we are or may be subject (either directly or indirectly through our ownership interests in other entities) and our ability to absorb and address any damages or other remedies that are sought or awarded and any collateral consequences; • our ability to 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 net interest income, taxable equivalent net interest margin, and operating leverage - taxable equivalent include a taxable equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Taxable equivalent net interest margin is calculated using net interest income on a taxable equivalent basis to determine the total yield on interest-earning assets. 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 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 Commentary reflects like quarter comparisons, unless otherwise noted (1) Represents a non-GAAP financial measure; see appendix for reconciliations 2Q26 key takeaways 2Q26 by the numbers $1.5 billion Net income available to common shareholders $1.23 Diluted EPS Executing on strategic priorities 320 bps Positive operating leverage-TE(1) 15.4% Return on average tangible common equity(1) $1.8 billion Capital returned to shareholders – Delivered 37% diluted EPS growth – Generated 17% noninterest income growth – Delivered 320 bps of positive operating leverage – Maintained strong asset quality metrics – Improved ROTCE by 310 bps to 15.4% – On track to achieve ROTCE targets

 

6 5.2 5.4 2Q25 2Q26 $213 $217 2Q25 2Q26 Consumer and Small Business Banking highlights Driving growth with Premier clients Active mobile app users(1) (in millions) Digital transaction volume (in millions) 39% YoY increase in CSBB new-to-bank deposit production $131 $133 2Q25 2Q26 87 93 2Q25 2Q26 4% 7% 2% 2% 150 bps YoY increase in online and mobile banking share of digital account production Deposit production per Premier advisor up 23% YoY Premier client new deposit production balances increased 20% YoY Average CSBB loans HFI ($ in billions) Average CSBB deposits ($ in billions) Premier advisor financial planning up 9% YoY (1) Clients who have logged into the mobile app over the prior 90 days 15% increase in 1H26 Wealth clients referred by CSBB vs. the prior period Growth moderated by portfolio optimization actions

 

7 (1) Average deposits include $10.9 billion of relatively high rate, short-term, M&A-related client deposits that were added to the balance sheet in late 1Q25. These deposits were withdrawn in July 2025. (2) Includes M&A, equity capital markets, and financial risk management $351 $353 2Q25 2Q26 $140 $149 $181 $196 2Q25 2Q26 2Q25 2Q26 Wholesale Banking highlights Core deposit strength 27% increase in 1H26 IB&T advisory revenue(2) vs. the prior period 35% increase in 1H26 commercial and corporate banking new client acquisition vs. the prior period 23% growth in 1H26 new investment assets from Truist client base vs. the prior period Average Wholesale deposits(1) and loans HFI ($ in billions) $348 $375 2Q25 2Q26 $205 $352 2Q25 2Q26 72% 8% (1%) 8% Wealth management income ($ in millions) Investment banking & trading income ($ in millions) LoansDeposits 1% 4 consecutive quarters of client deposit growth 75% of clients with the largest deposit increases are tied to payments Added master servicing capability in real estate to drive additional deposits and fee income Broad-based deposit growth across segment with 6% YoY growth in commercial and middle market M&A-related client deposits $11 +6% ex. M&A-related client deposits Card and treasury management fees ($ in millions)

 

8 $ in millions, except per share data Key metrics 2Q26 vs. 1Q26 vs. 2Q25 Revenue $5,311 2.2% 5.5% Expense $3,055 2.4% 2.3% PPNR $2,256 1.9% 10% Net income available to common shareholders $1,519 10% 29% Diluted EPS $1.23 13% 37% Net interest margin 2.98% (4) bps (4) bps ROA 1.13% 3 bps 20 bps ROCE 10.4% 110 bps 230 bps ROTCE 15.4% 160 bps 310 bps Efficiency ratio 58.0% 10 bps (190) bps NCO ratio 0.50% (11) bps (1) bp TBVPS $33.40 0.6% 5.6% CET1 ratio 10.9% 10 bps (10) bps Performance highlights – CET1 ratio increased to 10.9%; repurchased $1.2 billion of common stock in 2Q26 – Noninterest expense increased 2.4% vs. 1Q26 primarily due to higher personnel expense and professional fees and outside processing – Noninterest expense increased 2.3% vs. 2Q25 primarily due to higher personnel expense partially offset by lower professional fees and outside processing – Revenue increased 2.2% vs. 1Q26 primarily due to higher other income – Revenue increased 5.5% vs. 2Q25 primarily due to higher investment banking and trading and wealth management income Capital Noninterest expense – Reported 2Q26 net income available to common shareholders of $1.5 billion, or $1.23 per share – Diluted EPS increased 13% vs. 1Q26 and 37% vs. 2Q25 Earnings Revenue – Asset quality metrics remained strong Asset quality Note: All data points are taxable equivalent, where applicable; PPNR, ROTCE, and TBVPS are also non-GAAP financial measures; see appendix for reconciliations Current quarter regulatory capital information is preliminary

 

9 May not foot due to rounding Portfolio assignment based off loan purpose 5-quarter trend ($ in billions) Loan portfolio composition $329B Average loans HFI 51% Commercial and industrial 8% CRE 2% Commercial construction 17% Residential mortgage 3% Home equity 7% Indirect auto 10% Other consumer 1% Credit card Average loans and leases HFI $313 $320 $325 $327 $329 $187 $192 $195 $199 $201 $126 $129 $130 $128 $128 6.01% 6.00% 5.87% 5.71% 5.68% Commercial LHFI Consumer and card LHFI Loans HFI yield 2Q25 3Q25 4Q25 1Q26 2Q26 Strong momentum in commercial; optimizing less profitable and less strategic lending portfolios

 

10 38% 45% 46% 45% 24% 30% 31% 30% Interest-bearing deposit beta Total deposit beta 3Q25 4Q25 1Q26 2Q26 Average deposits $400 $397 $396 $399 $405 $294 $291 $290 $296 $301 $107 $106 $106 $103 $104 1.85% 1.84% 1.64% 1.55% 1.56% Interest-bearing deposits Noninterest-bearing deposits Total deposit cost (%) 2Q25 3Q25 4Q25 1Q26 2Q26 May not foot due to rounding (1) Average deposits include $10.9 billion of relatively high rate, short-term, M&A-related client deposits that were added to the balance sheet in late 1Q25. These deposits were withdrawn in July 2025. (2) Cumulative beta calculations are based on change in average total deposit or interest-bearing deposit cost divided by the change in average Fed Funds rate from 2Q24 Deposit mix Cumulative deposit beta trend(2) (Down rate) 5-quarter trend ($ in billions) 34% Money market & savings 10% Time 26% DDA 31% Interest checking $405B Average deposits Average deposits increased 1.1% vs. 2Q25(1)

 

11 Active receive-fixed $3,635 $3,680 $3,749 $3,644 $3,667 3.02% 3.01% 3.07% 3.02% 2.98% Net interest income-TE Net interest margin 2Q25 3Q25 4Q25 1Q26 2Q26 Fwd. starting receive-fixed Pay-fixed < 3yrs. Net interest income and net interest margin Fixed rate asset repricing and NII outlook ($ in billions) Swap portfolio overview ($ in billions) May not foot due to rounding (1) Net interest income and net interest margin include a taxable-equivalent adjustment, which is a non-GAAP measure. See attached appendix for more information on taxable-equivalent measures and reconciliations to GAAP net interest income. (2) Run-on rate for new fixed rate loans is ~7.37% (3) Investment securities yield excluding the impact of swaps (4) 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 6/30/26 Pay-fixed > 3yrs. 5-quarter net interest income and net interest margin trend ($ in millions) (1) $74 $38 Total wtd. avg. rate = 3.37% ($14)Total wtd. avg. rate = 3.61% ($9) $137 Fixed rate loans Securities Average yield $7 $20 2.91%(3) 3.41%(4) 6.44%(2) Rest of year runoff(4) ~ 2Q26 avg. balances $131 5.71% $118 – Net interest income expected to increase 1% to 1.5% in 2026 vs. 2025 – Updated outlook reflects: – continued optimization of less strategic and lower relationship return lending portfolios – lower loan spreads – less favorable deposit mix – updated forward curve (25 bp hike in Sept.) – At 6/30, notional receive-fixed and pay-fixed swaps totaled $112 billion and $24 billion, respectively, compared with $118 billion and $22 billion at 3/31 – Strategy to maintain a relatively neutral position to changes in interest rates is unchanged (1) Run-off expected to exceed run-on volume Securities

 

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 5.9%, primarily driven by: – increased other income due to higher equity investment income – partially offset by a decline in investment banking and trading income Categories 2Q26 vs. 1Q26 vs. 2Q25 Wealth management income $375 1.4% 7.8% Card and treasury management fees $353 4.4% 0.6% Investment banking and trading income $352 (5.4)% 72% Other deposit revenue $120 —% 11% Mortgage banking income $116 (13)% 8.4% All other noninterest income(1) $328 49% 17% Total noninterest income $1,644 5.9% 17% Vs. linked quarter Vs. like quarter – Noninterest income increased 17%, primarily driven by: – increased investment banking and trading income – increased wealth management income due to higher AUM Investment banking and trading and wealth management key drivers of growth

 

13 – Noninterest expense increased 2.3%, primarily driven by: – higher personnel expense due to increased salaries and incentives – partially offset by lower professional fees and outside processing Noninterest expense Noninterest expense details ($ in millions) (1) All other noninterest expense includes marketing and customer development, amortization of intangibles, regulatory costs, and other expense Vs. linked quarter Vs. like quarter ($5,212) – Noninterest expense increased 2.4%, primarily driven by: – higher personnel expense due to increased salaries and variable incentives – higher professional fees and outside processing Categories 2Q26 vs. 1Q26 vs. 2Q25 Personnel expense $1,792 3.8% 6.8% Professional fees and outside processing $335 7.0% (10)% Software expense $239 3.9% 3.5% Net occupancy expense $171 (4.5)% (5.5)% Equipment expense $79 (7.1)% (11.2)% All other noninterest expense(1) $439 (2.2)% 1.2% Total noninterest expense $3,055 2.4% 2.3% Noninterest expense growth remains well controlled

 

14 0.39% 0.48% 0.48% 0.50% 0.51% 2Q25 3Q25 4Q25 1Q26 2Q26 $488 $436 $512 $479 $395 2Q25 3Q25 4Q25 1Q26 2Q26 $396 $385 $470 $491 $414 0.51% 0.48% 0.57% 0.61% 0.50% NCO NCO ratio 2Q25 3Q25 4Q25 1Q26 2Q26 Asset quality NCO and NCO ratio ($ in millions) Nonperforming loans / LHFI ALLL Provision for credit losses ($ in millions) $4,899 $4,988 $5,030 $5,026 $4,983 ALLL ALLL ratio ALLL / NCO 2Q25 3Q25 4Q25 1Q26 2Q26 3.1x 1.54% 3.3x 1.54% 2.7x ($ in millions) 1.53% 2.5x 1.53% Asset quality metrics remain strong 3.0x 1.51%

 

15 11.0% 11.0% 10.8% 10.8% 10.9% 2Q25 3Q25 4Q25 1Q26 2Q26 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 increased 10 bps to 10.9% vs. 1Q26 – Balance sheet optimization efforts improving RWA density – Returned $1.8 billion of capital or 121% of earnings to shareholders in 2Q26 through our common dividend and $1.2 billion of share repurchases – Continue to target share repurchases of $5 billion in 2026 Well positioned to grow and return capital to shareholders

 

16 13.9% 3Q26 and 2026 outlook 2Q26 actuals 3Q26 outlook Revenue-TE(1): $5.3 billion Up ~1% Noninterest expense: $3.1 billion Up ~2% Full year 2025 actuals Full year 2026 outlook Revenue-TE(1): $20.5 billion Up 3.5% to 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 Share repurchases: $2.5 billion ~$5 billion (1) Revenue-TE is a non-GAAP financial measure; see appendix for reconciliation

 

17 On track to achieve ROTCE targets ROTCE outlook Key drivers of profitability improvement Execute top business growth and profitability initiatives Drive positive operating leverage Stable economic and operating environment Continue to optimize balance sheet and return significant capital to shareholders 2025 2026 2027 Long-term ~14% ~15% 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. Benefit from fixed rate asset repricing 16% to 18% 14%+ 12.7%

 

Appendix

 

A-1 – Net income of $835 million, compared to $730 million in the prior quarter – Net interest income of $2.6 billion increased by $110 million, or 4.4%, primarily driven by higher deposit spreads and volume – Average loans remained relatively flat at $133 billion – Average deposits of $217 billion increased 1.7%, primarily driven by money market and checking growth – Provision for credit losses decreased $67 million, or 17.9%, driven by a decrease in net charge-offs and reserve build in the prior quarter – Noninterest income of $530 million increased $2 million, or 0.4%, primarily driven by card and treasury management fees, partially offset by mortgage banking income – Noninterest expense of $1.7 billion increased $41 million, or 2.4%, primarily driven by higher enterprise tech and finance management expenses, personnel, operating losses, marketing, and loan-related expense – Debit and credit card sales volume increased 7.9% from 1Q26 due to seasonality – Digital transactions surpassed 93 million, resulting in YoY growth of 7% and accounting for 71% of total transaction volume – Truist Assist handled nearly 2 million requests, up 60% YoY, driven by growth in unique users, increased money movement, and transaction search activity – Truist Insights generated 167 million personalized insights, driving more than 31 million client interactions Consumer and Small Business Banking (1) Excludes loans held for sale (2) Digital sales defined as products opened through digital applications (3) Digital transactions include transfers, Zelle, bill payments, mobile deposits, ACH, and wire transfers Commentary reflects linked quarter comparisons Metrics Commentary Income statement ($ MM) 2Q26 vs. 1Q26 vs. 2Q25 Net interest income $2,604 $110 $280 Allocated provision for credit losses 307 (67) (77) Noninterest income 530 2 11 Noninterest expense 1,721 41 22 Segment net income $835 $105 $261 Balance sheet ($ B) Average loans(1) $133 $0.1 $1.8 Average deposits 217 3.6 3.3 Other key metrics Digital sales as a % of total(2) 29% (736) bps (479) bps Digital transactions as a % of total(3) 71% (12) bps 259 bps Debit/credit card spend ($ B) $32 $2.3 $1.4 Truist Assist chat volume (MM) 2.0 0.1 0.7 Truist Insights volume (MM) 167 32 10 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 $1.0 billion, compared to $0.9 billion in the prior quarter – Net interest income of $1.5 billion increased $23 million, or 1.5% – Average loans of $196 billion increased $2.1 billion, or 1.1%, primarily related to growth in C&I and CRE balances – Average deposits of $149 billion increased $0.9 billion, or 0.6%, driven by growth in client deposits, partially offset by seasonal outflows – Provision for credit losses of $90 million decreased $15 million, or 14%, which reflects a decrease in net charge-offs as well as a net reserve release – Noninterest income of $1.2 billion increased $89 million, or 8.3%, primarily driven by higher project-based equity investments and wealth management income, partially offset by lower investment banking and trading income – Noninterest expense of $1.4 billion increased $35 million, or 2.6%, driven by higher revenue-related expenses, regulatory expense, and technology support expenses – Total client assets increased $17 billion, or 5.2%, primarily due to market-driven increase in equities, as well as positive net asset flows Metrics Commentary Income statement ($ MM) 2Q26 vs. 1Q26 vs. 2Q25 Net interest income $1,531 $23 $(35) Allocated provision for credit losses 90 (15) (14) Noninterest income 1,158 89 217 Noninterest expense 1,384 35 55 Segment net income $960 $69 $99 Balance sheet ($ B) Average loans(1) $196 $2.1 $15 Average deposits 149 0.9 (2.1) Other key metrics ($ B) Total client assets $350 $17 $(5.0) Represents Commercial & Corporate Banking, Investment Banking & Capital Markets, CRE, Wholesale Payments, and Wealth

 

A-3 Preferred dividend 3Q26 4Q26 1Q27 2Q27 Estimated dividends based on projected interest rates, redemptions, and issuances ($ in millions) $114 $42 $112 $42 Estimates assume forward-looking interest rates as of 6/30/26. Actual interest rates, redemptions, or issuances could vary significantly causing dividend payments to differ from the estimates shown above.

 

A-4 Non-GAAP reconciliations Net interest income, revenue, operating leverage, pre-provision net revenue $ in millions (1) Taxable equivalent revenue, taxable equivalent net interest income, taxable equivalent net interest margin, and operating leverage - taxable equivalent include a taxable equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Taxable equivalent net interest margin is calculated using net interest income on a taxable equivalent basis to determine the total yield on interest-earning assets. 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. (2) 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 believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.   Quarter Ended   June 30 March 31 Dec. 31 Sept. 30 June 30 2026 2026 2025 2025 2025 Net income $ 1,553 $ 1,481 $ 1,354 $ 1,452 $ 1,240 Provision for credit losses 395 479 512 436 488 Provision for income taxes 262 209 210 285 273 Taxable-equivalent adjustment 46 45 49 51 48 Pre-provision net revenue(2) $ 2,256 $ 2,214 $ 2,125 $ 2,224 $ 2,049   Quarter Ended   June 30 March 31 Dec. 31 Sept. 30 June 30 2026 2026 2025 2025 2025 Revenue $ 5,265 $ 5,152 $ 5,246 $ 5,187 $ 4,987 Taxable-equivalent adjustment 46 45 49 51 48 Revenue-TE(1) $ 5,311 $ 5,197 $ 5,295 $ 5,238 $ 5,035 Total noninterest expense $ 3,055 $ 2,986 Operating leverage (like quarter) 3.3 % Operating leverage-TE(1) (like quarter) 3.2 %   Quarter Ended   June 30 March 31 Dec. 31 Sept. 30 June 30 2026 2026 2025 2025 2025 Net interest income $ 3,621 $ 3,599 $ 3,700 $ 3,629 $ 3,587 Taxable-equivalent adjustment 46 45 49 51 48 Net interest income-TE(1) $ 3,667 $ 3,644 $ 3,749 $ 3,680 $ 3,635

 

A-5 Non-GAAP reconciliations Return on average tangible common equity and tangible book value per share $ in millions, except per share data, shares data in thousands (1) Calculated using the applicable marginal tax rate. (2) Tangible common equity and related measures, 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.   As of / Quarter Ended   June 30 March 31 Dec. 31 Sept. 30 June 30   2026 2026 2025 2025 2025 Total shareholders' equity $ 64,095 $ 64,214 $ 65,189 $ 65,646 $ 64,840 Preferred stock (5,411) (4,916) (4,916) (5,907) (5,907) Common shareholders’ equity $ 58,684 $ 59,298 $ 60,273 $ 59,739 $ 58,933 Intangible assets, net of deferred taxes (18,287) (18,350) (18,416) (18,489) (18,561) Applicable deferred taxes related to intangible assets(1) $ 400 $ 403 $ 407 $ 413 $ 418 Tangible common shareholders’ equity(2) $ 40,797 $ 41,351 $ 42,264 $ 41,663 $ 40,790 Outstanding shares at end of period 1,221,626 1,245,879 1,262,470 1,279,246 1,289,435 Common shareholders’ equity per common share $ 48.04 $ 47.60 $ 47.74 $ 46.70 $ 45.70 Tangible common shareholders’ equity per common share(2) 33.40 33.19 33.48 32.57 31.63 Net income available to common shareholders $ 1,519 $ 1,377 $ 1,289 $ 1,348 $ 1,180 Amortization of intangibles 63 64 70 72 73 Applicable income taxes related to amortization of intangibles(1) (15) (15) (16) (18) (17) Tangible net income available to common shareholders(2) $ 1,567 $ 1,426 $ 1,343 $ 1,402 $ 1,236 Average common shareholders’ equity $ 58,616 $ 59,879 $ 59,991 $ 59,141 $ 58,327 Average intangible assets (18,321) (18,386) (18,456) (18,528) (18,590) Applicable deferred taxes related to intangible assets(1) 401 404 409 415 417 Average tangible common shareholders’ equity(2) $ 40,696 $ 41,897 $ 41,944 $ 41,028 $ 40,154 Return on average common shareholders’ equity 10.4 % 9.3 % 8.5 % 9.0 % 8.1 % Return on average tangible common shareholders’ equity(2) 15.4 13.8 12.7 13.6 12.3

 

Source: View Original Filing on SEC EDGAR

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