Truist Q3 2026 net income falls to $799 million

Truist's average consolidated liquidity coverage ratio was 110% for the quarter, versus the 100% regulatory minimum.

Rhea-AI Filing Summary

Truist Financial Corporation (TFC) reported third-quarter 2026 net income of $799 million and diluted EPS of $0.56, compared with $1.452 billion and $1.04 a year earlier. Adjusted net income available to common shareholders, a non-GAAP measure, was $1.423 billion; adjusted diluted EPS was $1.16, up 12% from third quarter 2025. Results included a $1.447 billion pretax loss on available-for-sale securities sales; adjusted results excluded that loss, a $581 million pretax reserve recapture and $106 million of pretax impacts associated with the Regional Acceptance Corporation loan sale.

Results reflected the completed Regional Acceptance Corporation loan sale and subsequent available-for-sale securities repositioning. Truist signed an agreement on October 14, 2026, to sell $7.7 billion of unsecured consumer loans representing substantially all LightStream assets to Carlyle Group Inc. Net interest income was $3.663 billion versus $3.629 billion a year earlier; net interest margin on a taxable-equivalent basis was 3.00%. As of September 30, 2026, deposits were $413.2 billion, loans held for investment were $323.9 billion, and the preliminary CET1 ratio was 10.7%. Truist declared a $0.52-per-share common dividend and repurchased $1.2 billion of common stock.

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Positive

• Moderate pointAdjusted diluted EPS was $1.16, up 12% from third quarter 2025.

Negative

• Moderate pointDiluted EPS: $0.56 versus $1.04; AFS securities loss: $1.447 billion pretax. 2.5% of market cap

Filing Explained

Among its third-quarter measures, Truist reports an average consolidated liquidity coverage ratio of 110% for the three months ended September 30, 2026, versus the stated 100% regulatory minimum.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

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

Item 9.01 Financial Statements and Exhibits Exhibits

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

Key Figures

Revenue: $3.747 billion Net income: $799 million Diluted EPS: $0.56 per share +4 more

7 metrics

Revenue $3.747 billion Third quarter 2026; $5.187 billion in third quarter 2025

Net income $799 million Third quarter 2026; $1.452 billion in third quarter 2025

Diluted EPS $0.56 per share Third quarter 2026; $1.04 in third quarter 2025

Adjusted diluted EPS $1.16 per share Third quarter 2026; up 12% compared with third quarter 2025

Available-for-sale securities loss $1.447 billion pretax Third quarter 2026

CET1 ratio 10.7% Preliminary; as of September 30, 2026

Unsecured consumer loans under sale agreement $7.7 billion Agreement signed October 14, 2026; represents substantially all LightStream assets

Key Terms

Available-for-sale (AFS) securities, NIM - TE, Allowance for credit losses (ACL), Common equity tier 1 (CET1)

4 terms

Available-for-sale (AFS) securities financial

"loss on sales of available-for-sale securities"

NIM - TE financial

"NIM - TE was 3.00%"

Allowance for credit losses (ACL) financial

"release of ACL following the recognition of held for sale-related charge-offs"

Allowance for credit losses (ACL) is an accounting reserve banks and lenders set aside to cover loans and other receivables that may not be repaid. Think of it as a cushion or rainy-day fund that reduces reported assets to reflect expected losses; when the cushion grows, it can signal rising borrower trouble or more conservative accounting, and when it shrinks, it may boost reported profits and capital. Investors watch ACL to judge a lender’s risk exposure, earnings quality, and capital strength.

Common equity tier 1 (CET1) financial

"CET1 ratio was 10.7% as of September 30, 2026"

Common equity tier 1 (CET1) is the core capital of a bank made up of ordinary shares and retained profits that can absorb losses without the bank needing to borrow or cut customer services. Investors watch CET1 as a safety cushion indicator: higher CET1 means a bank is better able to withstand bad losses and maintain payouts, while a falling CET1 can signal higher risk or the need for new capital.

Earnings Snapshot

Revenue: $3.747 billion

Third quarter 2026

Revenue $3.747 billion Compared with $5.187 billion in third quarter 2025

Net income $799 million Compared with $1.452 billion in third quarter 2025

Diluted EPS $0.56 per share Compared with $1.04 in third quarter 2025

Adjusted diluted EPS $1.16 per share Up 12% compared with third quarter 2025

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was TFC's third-quarter 2026 diluted EPS?

TFC's diluted EPS was $0.56 per share, while adjusted diluted EPS was $1.16 per share, up 12% compared with the third quarter of 2025. Adjusted EPS is a non-GAAP measure.

What is TFC selling to Carlyle Group?

On October 14, 2026, Truist signed an agreement to sell $7.7 billion of unsecured consumer loans representing substantially all assets of its LightStream unsecured lending platform to Carlyle Group Inc.

What was TFC's liquidity coverage ratio in the third quarter of 2026?

Truist's average consolidated liquidity coverage ratio was 110% for the three months ended September 30, 2026, compared with the 100% regulatory minimum.

What capital returns did TFC report in the third quarter of 2026?

Truist repurchased $1.2 billion of common stock and declared common dividends of $0.52 per share during the third quarter of 2026.

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

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Available on EDGAR 10/16/2026 - 06:32 AM EDT Accepted by SEC EDGAR 10/16/2026 - 06:31 AM EDT Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________________

Form 8-K

Current Report

_____________________________________________

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

October 16, 2026

Date of Report (Date of earliest event reported)

Truist Financial Corporation

(Exact name of registrant as specified in its charter)

_____________________________________________

North Carolina			1-10853			56-0939887
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)

214 North Tryon Street
Charlotte,			North Carolina			28202
(Address of principal executive offices)						(Zip Code)

(844) 487-8478

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report.)

_____________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, $5 par value			TFC			New York Stock Exchange
Depositary Shares each representing 1/4,000th interest in a share of Series I Perpetual Preferred Stock			TFC.PI			New York Stock Exchange
5.853% Fixed-to-Floating Rate Normal Preferred Purchase Securities each representing 1/100th interest in a share of Series J Perpetual Preferred Stock			TFC.PJ			New York Stock Exchange
Depositary Shares each representing 1/1,000th interest in a share of Series O Non-Cumulative Perpetual Preferred Stock			TFC.PO			New York Stock Exchange
Depositary Shares each representing 1/1,000th interest in a share of Series R Non-Cumulative Perpetual Preferred Stock			TFC.PR			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ((17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 ((17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

ITEM 2.02    Results of Operations and Financial Condition.

On October 16, 2026, Truist Financial Corporation (“Truist”) issued a press release announcing its reporting of third quarter 2026 results and posted on its website its third quarter 2026 Earnings Release, Quarterly Performance Summary, and Earnings Release Presentation. The materials contain forward-looking statements regarding Truist and include cautionary language identifying important factors that could cause actual results to differ materially from those anticipated.

The information included in Exhibits 99.1 and 99.2, other than the quotation under the heading “CEO Commentary” on page 1 of Exhibit 99.1, shall be deemed “filed” for purposes of the Securities Exchange Act of 1934 (“Exchange Act”). The (i) quotation under the heading “CEO Commentary” on page 1 of Exhibit 99.1 and (ii) the Earnings Release Presentation included as Exhibit 99.3 are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that section. Such quotation and Presentation will not be deemed incorporated by reference into another filing under the Exchange Act or Securities Act of 1933, except as otherwise expressly stated in such subsequent filing.

All information in the Earnings Release, Quarterly Performance Summary, and Earnings Release Presentation speaks as of the date thereof, and Truist does not assume any obligation to update such information in the future.

ITEM 9.01    Financial Statements and Exhibits.

(d)    Exhibits.

Exhibit No.						Description
99.1						Earnings Release issued October 16, 2026.
99.2						Quarterly Performance Summary issued October 16, 2026.
99.3						Earnings Release Presentation issued October 16, 2026.
104						The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			TRUIST FINANCIAL CORPORATION
						(Registrant)
			By:			/s/ Cynthia B. Powell
						Cynthia B. Powell
						Executive Vice President and Corporate Controller
						(Principal Accounting Officer)

Date: October 16, 2026

`

									News Release
Truist reports third quarter 2026 results
Solid 3Q26 results; simplifying and reallocating resources to drive stronger growth, profitability, and returns Diluted EPS of $0.56; adjusted diluted EPS(1) of $1.16, up 12% compared to 3Q25
3Q26 Key Financial Data						3Q26 Performance Highlights(3)

(Dollars in billions, except per share data)			3Q26			2Q26			3Q25
Summary Income Statement
Net interest income			$	3.66		$	3.62		$	3.63
Net interest income - TE(1)			3.71			3.67			3.68
Noninterest income			0.08			1.64			1.56
Total revenue			3.75			5.27			5.19
Total revenue - TE(1)			3.79			5.31			5.24
Noninterest expense			3.11			3.06			3.01
Net income			0.80			1.55			1.45
Net income available to common shareholders			0.68			1.52			1.35
Adjusted net income available to common shareholders(1)			1.42			1.52			1.35
PPNR(1)			0.69			2.26			2.22
Adjusted PPNR(1)			2.24			2.26			2.22
Key Metrics
Diluted EPS			$	0.56		$	1.23		$	1.04
Adjusted diluted EPS(1)			1.16			1.23			1.04
BVPS			46.78			48.04			46.70
TBVPS(1)			31.90			33.40			32.57
ROCE			4.7		%	10.4		%	9.0		%
ROTCE(1)			7.2			15.4			13.6
Adjusted ROTCE(1)			14.6			15.4			13.6
Efficiency ratio			82.9			58.0			58.1
NIM - TE(1)			3.00			2.98			3.01
NCO ratio			0.77			0.50			0.48
ALLL ratio			1.25			1.51			1.54
CET1 ratio(2)			10.7			10.9			11.0
Average Balances
Assets			$	550		$	550		$	542
Securities			118			118			119
Loans and leases			329			332			322
Deposits			411			405			397

Amounts may not foot due to rounding.

(1)Represents a non-GAAP measure. For additional details, see the “Non-GAAP Financial Information” section of this release and reconciliations of non-GAAP measures to the most directly comparable GAAP measures included in this release or Truist’s Third Quarter 2026 Quarterly Performance Summary.

(2)Current quarter capital ratios are preliminary.

(3)This section summarizes changes from third quarter of 2026 compared to second quarter of 2026, unless otherwise noted.

•Third quarter results reflect the completion of the Regional Acceptance Corporation (RAC) loan sale and the subsequent AFS securities repositioning

•Signed an agreement on October 14, 2026, to sell $7.7 billion of unsecured consumer loans representing substantially all assets of LightStream, our unsecured lending platform, to Carlyle Group Inc.

•Adjusted net income available to common shareholders(1) of $1.4 billion, resulting in adjusted diluted EPS(1) of $1.16 per share and adjusted ROTCE(1) of 14.6%, which excludes:

◦$1.4 billion pre-tax, or $0.90 per share, loss on the sale of AFS securities

◦$581 million pre-tax, or $0.36 per share, loan loss reserve recapture and $106 million pre-tax, or $0.06 per share, of impacts associated with the RAC loan sale

•Adjusted revenue - TE(1) of $5.3 billion was stable

◦Net interest income - TE(1) increased 1.1%; NIM - TE(1) was up two basis points

◦Noninterest income was impacted by losses on the RAC loan sale and the AFS securities repositioning, partially offset by record quarterly income for wealth management

•Noninterest expense, excluding $40 million of RAC loan sale costs, was stable

•End of period loans and leases HFI were $323.9 billion, down $5.9 billion, $5.5 billion of which was due to the RAC loan sale

•End of period deposits were $413.2 billion, up $3.9 billion, or 0.9%

•Asset quality improved as a result of the RAC loan sale

◦NCO ratio of 77 basis points, which includes 39 basis points related to RAC

◦Nonperforming loans to total loans HFI were 0.40%, down 11 basis points

◦ALLL ratio of 1.25% declined 26 basis points

◦Ratio of ALLL to nonperforming loans and leases HFI of 3.1x

CEO Commentary

“Since joining Truist, I’ve become even more confident in the strength of our franchise and the significant opportunities ahead. We delivered a solid quarter while also taking decisive actions to better position Truist for the future. These actions strengthen our risk, liquidity, and funding profile and create greater capacity to invest in our best businesses. We’re simplifying the company and focusing our resources, capital, and expenses on the businesses and capabilities that will help us become the most important financial partner to our clients. Looking ahead, we remain confident in our ability to deliver against our near- and long-term ROTCE targets and will work to build a more focused company positioned to deliver sustainable growth and stronger returns for shareholders.”

— Mike Lyons, Truist President & CEO

`

Contact:
Investors:			Brad Milsaps			investors@truist.com
Media:			Kyle Tarrance			media@truist.com

Net Interest Income, Net Interest Margin, and Average Balances
			Quarter Ended																		Change
(Dollars in millions)			3Q26						2Q26																		3Q25																		Link Quarter									Like Quarter
Interest income			$	6,030					$	5,967																	$	6,286																	$	63					1.1		%				$	(256)					(4.1)		%
Plus: TE adjustment(1)			44						46																		51																		(2)						(4.3)						(7)						(13.7)
Interest income - TE(1)			6,074						6,013																		6,337																		61						1.0						(263)						(4.2)
Interest expense			2,367						2,346																		2,657																		21						0.9						(290)						(10.9)
Net interest income - TE(1)			$	3,707					$	3,667																	$	3,680																	$	40					1.1						$	27					0.7
NIM - TE(1)			3.00		%				2.98		%																3.01		%																2 bps												(1) bp
Average Balances(2)
Total earning assets			$	491,430					$	492,461																	$	486,006																	$	(1,031)					(0.2)		%				$	5,424					1.1		%
Total interest-bearing liabilities			371,474						370,782																		359,103																		692						0.2						12,371						3.4
Yields / Rates(1)
Total earning assets			4.91		%				4.89		%																5.18		%																2 bps												(27) bps
Total interest-bearing liabilities			2.53						2.54																		2.94																		(1) bp												(41) bps

(1)Amounts related to interest income and yields are on a TE basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends. A reconciliation of net interest income - TE to net interest income is included within the table above. NIM – TE is calculated using net interest income on a TE basis to determine the total yield on interest-earning assets.

(2)Represents daily average balances. Unrealized gains and losses on AFS securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.

Taxable-equivalent net interest income was up $40 million, or 1.1%, compared to the second quarter of 2026, driven by an additional day and fixed asset and liability repricing, partially offset by lower loan balances. NIM - TE was 3.00%, up two basis points compared to the second quarter of 2026.

•Average earning assets decreased $1.0 billion, or 0.2%, primarily due to a decrease in average total loans of $2.3 billion, or 0.7%, partially offset by an increase in other earning assets of $1.2 billion, or 3.4%.

•The yield on the average total loan portfolio was 5.71%, up three basis points. The yield on the average securities portfolio was 3.03%, up seven basis points.

•Average deposits increased $5.8 billion, or 1.4%, average short-term borrowings decreased $10.3 billion, or 36%, and average long-term debt increased $4.5 billion, or 11%.

•The average cost of total deposits was 1.59%, up three basis points. The average cost of short-term borrowings was 3.96%, down one basis point. The average cost of long-term debt was 4.73%, down four basis points.

Taxable-equivalent net interest income was up $27 million, or 0.7%, compared to the third quarter of 2025, primarily driven by fixed asset and liability repricing, higher client deposit balances, and higher loan balances, partially offset by lower loan spreads and unfavorable deposit mix. NIM - TE was 3.00%, stable compared to the third quarter of 2025.

•Average earning assets increased $5.4 billion, or 1.1%, primarily due to an increase in average total loans of $7.4 billion, or 2.3%.

•The yield on the average total loan portfolio was 5.71%, down 29 basis points. The yield on the average securities portfolio was 3.03%, down 13 basis points.

•Average deposits increased $14.1 billion, or 3.6%, average short-term borrowings decreased $8.2 billion, or 31%, and average long-term debt increased $3.7 billion, or 8.9%.

•The average cost of total deposits was 1.59%, down 25 basis points. The average cost of short-term borrowings was 3.96%, down 46 basis points. The average cost of long-term debt was 4.73%, down 31 basis points.

- 2 -

Noninterest Income
			Quarter Ended																		Change
(Dollars in millions)			3Q26						2Q26																		3Q25																		Link Quarter									Like Quarter
Wealth management income			$	407					$	375																	$	374																	$	32					8.5		%				$	33					8.8		%
Card and treasury management fees			347						353																		340																		(6)						(1.7)						7						2.1
Investment banking and trading income			324						352																		323																		(28)						(8.0)						1						0.3
Other deposit revenue			125						120																		125																		5						4.2						—						—
Mortgage banking income			113						116																		118																		(3)						(2.6)						(5)						(4.2)
Lending related fees			120						120																		103																		—						—						17						16.5
Securities gains (losses)			(1,447)						—																		—																		(1,447)						NM						(1,447)						NM
Other income			95						208																		175																		(113)						(54.3)						(80)						(45.7)
Total noninterest income			$	84					$	1,644																	$	1,558																	$	(1,560)					(94.9)						$	(1,474)					(94.6)
Securities losses			1,447						—																		—
Loss on RAC loan sale			66						—																		—
Adjusted noninterest income(1)			$	1,597					$	1,644																	$	1,558																	$	(47)					(2.9)		%				$	39					2.5		%

(1)Adjusted noninterest income is a non-GAAP measure that excludes selected items. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.

Noninterest income was down $1.6 billion compared to the second quarter of 2026, and down $1.5 billion compared to the third quarter of 2025. The third quarter of 2026 included losses from AFS securities sales of $1.4 billion and losses associated with the RAC loan sale of $66 million (other income). For both periods:

•Wealth management income increased primarily reflecting favorable market performance.

•Other income decreased primarily due to the losses associated with the RAC loan sale and lower returns from investments held for post-retirement benefits (which were offset by lower personnel expense).

Investment banking and trading income decreased compared to the second quarter of 2026, primarily due to lower trading income.

Noninterest Expense
			Quarter Ended																		Change
(Dollars in millions)			3Q26						2Q26																		3Q25																		Link Quarter									Like Quarter
Personnel expense			$	1,853					$	1,792																	$	1,748																	$	61					3.4		%				$	105					6.0		%
Professional fees and outside processing			365						335																		346																		30						9.0						19						5.5
Software expense			254						239																		233																		15						6.3						21						9.0
Net occupancy expense			180						171																		185																		9						5.3						(5)						(2.7)
Equipment expense			77						79																		90																		(2)						(2.5)						(13)						(14.4)
Marketing and customer development			83						91																		79																		(8)						(8.8)						4						5.1
Amortization of intangibles			62						63																		72																		(1)						(1.6)						(10)						(13.9)
Regulatory costs			61						61																		32																		—						—						29						90.6
Other expense			170						224																		229																		(54)						(24.1)						(59)						(25.8)
Total noninterest expense			$	3,105					$	3,055																	$	3,014																	$	50					1.6						$	91					3.0
RAC loan sale cost			(40)						—																		—
Adjusted noninterest expense(1)			$	3,065					$	3,055																	$	3,014																	$	10					0.3		%				$	51					1.7		%

(1)Adjusted noninterest expense is a non-GAAP measure that excludes selected items. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.

Noninterest expense was up $50 million compared to the second quarter of 2026, and up $91 million compared to the third quarter of 2025. Noninterest expense was stable compared to the second quarter of 2026, excluding $40 million of RAC loan sale costs. For both periods:

•Personnel expense increased primarily due to higher employee benefit expenses, including costs associated with the RAC loan sale, partially offset by lower post-retirement benefit expense (which was offset by lower other income). Additionally, higher incentive expense related to revenue generating businesses contributed to the increase in personnel expense compared to the third quarter of 2025.

•Professional fees and outside processing expense increased primarily due to continued investment in technology infrastructure.

•Other expense decreased primarily driven by adjustments to non-fraud operating loss accruals.

- 3 -

Provision for Income Taxes
			Quarter Ended																		Change
(Dollars in millions)			3Q26						2Q26																		3Q25																		Link Quarter									Like Quarter
Provision for income taxes			$	96					$	262																	$	285																	$	(166)					(63.4)%						$	(189)					(66.3)%
Effective tax rate			10.7		%				14.4		%																16.4		%																(370) bps												(570) bps

The lower effective tax rate for the third quarter of 2026 compared to the second quarter of 2026 and the third quarter of 2025 was primarily driven by lower income before tax resulting from the AFS securities repositioning, which increased the relative benefit of tax credits and other tax-advantaged items on the effective tax rate.

Average Loans and Leases
(Dollars in millions)			3Q26						2Q26																								Change						% Change
Commercial:
Commercial and industrial			$	165,989					$	168,817																							$	(2,828)					(1.7)		%
CRE			25,493						24,938																								555						2.2
Commercial construction			7,515						7,455																								60						0.8
Total commercial			198,997						201,210																								(2,213)						(1.1)
Consumer:
Residential mortgage			57,286						56,342																								944						1.7
Home equity			9,663						9,656																								7						0.1
Indirect auto			21,406						24,430																								(3,024)						(12.4)
Other consumer			33,360						32,661																								699						2.1
Total consumer			121,715						123,089																								(1,374)						(1.1)
Credit card			4,811						4,863																								(52)						(1.1)
Total loans and leases held for investment			$	325,523					$	329,162																							$	(3,639)					(1.1)

Average loans and leases HFI were $325.5 billion, a decrease of $3.6 billion, or 1.1%, compared to the second quarter of 2026.

•Average commercial loans decreased 1.1% primarily due to a decrease in the commercial and industrial portfolio.

•Average consumer loans decreased 1.1% primarily due to a decline in the indirect auto portfolio which was impacted by the RAC loan sale, partially offset by an increase in the residential mortgage portfolio.

End of period loans and leases HFI were $323.9 billion, down $5.9 billion, or 1.8%, compared to June 30, 2026, primarily due to the RAC loan sale in the third quarter of 2026 and a decline in the commercial and industrial portfolio, partially offset by an increase in the residential mortgage portfolio.

Average Deposits
(Dollars in millions)			3Q26						2Q26																								Change						% Change
Noninterest-bearing deposits			$	102,954					$	103,620																							$	(666)					(0.6)		%
Interest checking			131,507						123,556																								7,951						6.4
Money market and savings			137,166						136,423																								743						0.5
Time deposits			39,072						41,270																								(2,198)						(5.3)
Total deposits			$	410,699					$	404,869																							$	5,830					1.4

Average deposits for the third quarter of 2026 were $410.7 billion, up $5.8 billion, or 1.4%, compared to the second quarter of 2026, driven by an increase in interest checking. Average noninterest-bearing deposits decreased 0.6% compared to the second quarter of 2026 and represented 25.1% of total deposits for the third quarter of 2026 and 25.6% for the second quarter of 2026.

End of period deposits were $413.2 billion, up $3.9 billion, or 0.9%, compared to June 30, 2026, primarily due to an increase in interest checking deposits, partially offset by a decline in time deposits and noninterest-bearing deposits.

- 4 -

Capital Ratios
			3Q26						2Q26						1Q26						4Q25						3Q25
Risk-based:			(preliminary)
CET1			10.7		%				10.9		%				10.8		%				10.8		%				11.0		%
Tier 1			12.0						12.2						11.9						11.9						12.3
Total			13.6						14.0						13.7						13.8						14.2
Leverage			9.6						9.8						9.9						10.0						10.2
Supplementary leverage			8.0						8.2						8.3						8.3						8.5

Capital ratios remain strong relative to the regulatory requirements for well-capitalized banks. Truist’s CET1 ratio was 10.7% as of September 30, 2026, down 20 basis points compared to June 30, 2026, primarily due to capital returned to shareholders and the repositioning of the AFS securities portfolio, partially offset by current quarter earnings and benefits from the RAC loan sale.

Truist declared common dividends of $0.52 per share during the third quarter of 2026 and repurchased $1.2 billion of common stock.

Truist’s average consolidated LCR was 110% for the three months ended September 30, 2026, compared to the regulatory minimum of 100%.

- 5 -

Asset Quality
(Dollars in millions)			3Q26						2Q26						1Q26						4Q25						3Q25
Total nonperforming assets			$	1,338					$	1,748					$	1,785					$	1,633					$	1,629
Total loans 90 days or more past due and still accruing			703						698						760						684						584
Total loans 30-89 days past due and still accruing			1,512						1,774						1,743						1,980						1,743
Nonperforming loans and leases as a percentage of loans and leases HFI			0.40		%				0.51		%				0.50		%				0.48		%				0.48		%
Loans 90 days or more past due and still accruing as a percentage of loans and leases HFI			0.22						0.21						0.23						0.21						0.18
Loans 90 days or more past due and still accruing as a percentage of loans and leases HFI, excluding government guaranteed loans			0.04						0.04						0.05						0.05						0.05
Loans 30-89 days past due and still accruing as a percentage of loans and leases HFI			0.47						0.54						0.53						0.60						0.54
ALLL as a percentage of loans and leases HFI			1.25						1.51						1.53						1.53						1.54
Ratio of ALLL to NCO (annualized)(1)			1.6x						3.0x						2.5x						2.7x						3.3x
Ratio of ALLL to nonperforming loans and leases HFI			3.1x						2.9x						3.1x						3.2x						3.2x

(1)Includes $251 million of net charge-offs upon the transfer of RAC loans to LHFS in the third quarter of 2026. Additionally includes $66 million of net charge-offs prior to their transfer to LHFS, for the three months ended September 30, 2026.

Nonperforming assets totaled $1.3 billion at September 30, 2026, down $410 million compared to June 30, 2026, primarily due to the RAC loan sale, partially offset by an increase in the commercial and industrial portfolio. Nonperforming loans and leases were 0.40% of loans and leases HFI at September 30, 2026, down eleven basis points compared to June 30, 2026.

The ACL was $4.4 billion at September 30, 2026, and included $4.1 billion for the ALLL and $370 million for the reserve for unfunded commitments. The ALLL ratio at September 30, 2026 was 1.25%, down 26 basis points compared with June 30, 2026 driven by a reserve recapture related to the RAC loan sale.

Provision for Credit Losses
			Quarter Ended																		Change
(Dollars in millions)			3Q26						2Q26																		3Q25																		Link Quarter									Like Quarter
Provision (benefit) for credit losses(1)			$	(253)					$	395																	$	436																	$	(648)					(164.1)		%				$	(689)					(158.0)		%
Net charge-offs(2)			629						414																		385																		215						51.9						244						63.4
Net charge-offs as a percentage of average loans and leases (annualized)			0.77		%				0.50		%																0.48		%																27 bps												29 bps

(1)Includes benefit of $581 million for the three months ended September 30, 2026 from the release of ACL following the recognition of held for sale-related charge-offs resulting from the RAC loan sale.

(2)Includes $251 million of net charge-offs upon the transfer of RAC loans to LHFS in the third quarter of 2026. Additionally includes $66 million of net charge-offs prior to their transfer to LHFS, for the three months ended September 30, 2026.

The benefit for credit losses was $253 million for the third quarter of 2026, compared with provisions for credit losses of $395 million in the second quarter of 2026 and $436 million for the third quarter of 2025. The third quarter of 2026 reflects the benefit from the release of remaining ACL upon the transfer of RAC loans to loans held for sale.

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Earnings Presentation and Quarterly Performance Summary

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

Webcast: app.webinar.net/BAM6O91OpkL

Dial-in: 1-877-883-0383, passcode 2090022

Additional details: The news release and presentation materials are available at ir.truist.com under “Events & Presentations.” A replay of the call will be available on the website for 30 days.

The presentation, including an appendix reconciling non-GAAP disclosures, and Truist’s Third Quarter 2026 Quarterly Performance Summary, which contains detailed financial schedules, are available at https://ir.truist.com/earnings.

About Truist

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $554 billion as of September 30, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.

#-#-#

Glossary of Defined Terms
Term			Definition
ACL			Allowance for credit losses
AFS			Available-for-sale
AI			Artificial intelligence, including machine learning
ALLL			Allowance for loan and lease losses
ATM			Automated teller machine
BVPS			Book value (common equity) per share
CEO			Chief Executive Officer
CET1			Common equity tier 1
CRE			Commercial real estate
EPS			Earnings per common share
FDIC			Federal Deposit Insurance Corporation
FHLB			Federal Home Loan Bank
GAAP			Accounting principles generally accepted in the United States of America
GSE			U.S. government-sponsored enterprise
HFI			Held for investment
HTM			Held-to-maturity
LCR			Liquidity Coverage Ratio
LHFS			Loans held for sale
Like Quarter			Third quarter of 2025
Link Quarter			Second quarter of 2026
MBS			Mortgage-backed securities
MSR			Mortgage servicing rights
NCO			Net charge-offs
NIM - TE			Net interest margin, computed on a TE basis
NM			Not meaningful
NQDCP			Non-Qualified Defined Contribution Plan
PPNR			Pre-provision net revenue
ROA			Return on average assets
ROCE			Return on average common equity
ROTCE			Return on average tangible common equity
TBVPS			Tangible book value per common share
TE			Taxable equivalent

- 7 -

Non-GAAP Financial Information

This news release contains financial information and performance measures determined by methods other than in accordance with GAAP. Truist’s management uses these “non-GAAP” measures in its analysis of Truist’s performance and the efficiency of its operations. Management believes these non-GAAP measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods, and demonstrate the effects of significant items in the current period. Truist believes a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Below is a listing of the types of non-GAAP measures used in this news release:

•Adjusted net income available to common shareholders and adjusted diluted EPS - Adjusted net income available to common shareholders and adjusted diluted EPS are non-GAAP in that these measures exclude selected items, net of tax. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. Diluted EPS impact for individual items may not foot to difference between GAAP diluted and adjusted diluted EPS due to rounding.

•Taxable-Equivalent Measures - Taxable-equivalent revenue, taxable-equivalent interest income, taxable-equivalent net interest income, and taxable-equivalent net interest margin include a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.

•Adjusted revenue - Adjusted revenue includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue additionally excludes selected items. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.

•Adjusted noninterest income and expense - Adjusted noninterest income and expense are non-GAAP measures that exclude selected items. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.

•PPNR - PPNR is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes and includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted PPNR is a non-GAAP measure that additionally excludes selected items. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.

•Tangible Common Equity and Related Measures - Tangible common equity, average tangible common equity, and related measures, including ROTCE, adjusted ROTCE, and TBVPS, are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes, and its related amortization. Adjusted ROTCE is a non-GAAP measure that additionally excludes other selected items. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess profitability, returns relative to balance sheet risk, and shareholder value.

Truist does not provide reconciliations for forward-looking non-GAAP financial measures because it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of Truist’s control, or cannot be reasonably predicted. For the same reasons, Truist is unable to address the probable significance of the unavailable information.

Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in this release or Truist’s Third Quarter 2026 Quarterly Performance Summary, which is available at https://ir.truist.com/earnings.

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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. These statements include, among other things, statements regarding Truist’s near- and long-term ROTCE targets and its confidence in its ability to deliver against those targets.

This news release, including any information incorporated by reference herein, contains forward-looking statements. We also may make forward-looking statements in other documents that are filed or furnished with the SEC. In addition, we may make forward-looking statements orally or in writing to investors, analysts, members of the media, and others. All forward-looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, and results may differ materially from those set forth in any forward-looking statement. While no list of assumptions, risks, and uncertainties could be complete, some of the factors that may cause actual results or other future events or circumstances to differ from those in forward-looking statements include:

•changes in monetary, fiscal, and trade laws or policies, including tariffs or interest rates;

•evolving political, geopolitical, business, social, economic, and market conditions at the local, regional, national, and international levels;

•our ability to effectively address economic, business, or market deterioration, slowdowns or disruptions;

•disruptions and shifts in investor sentiment or behavior in the securities, capital, or other financial markets, including financial or systemic shocks and volatility or changes in market liquidity, interest or currency rates, or valuations;

•changes in business and consumer sentiment, preferences, or behavior, including spending, borrowing, or saving by businesses or households;

•negative market perceptions of our investment portfolio or its value;

•our ability to manage credit risk, including in connection with the loans that we originate or purchase;

•the credit, liquidity, or other financial condition of our clients, counterparties, service providers, or competitors;

•our ability to cost-effectively fund our businesses and operations, including by accessing long- and short-term funding and liquidity and by retaining and growing client deposits;

•our ability to manage any unexpected outflows of uninsured deposits and, in such a circumstance, to access substitute funding, and avoid selling investment securities or other assets at an unfavorable time or at a loss;

•changes in our credit ratings and the related effects on our funding costs, ability to attract or retain funding, and relationships with clients and counterparties;

•any instability or breakdown in the financial system, including as a result of the actual or perceived soundness of another financial institution or another participant in the financial system;

•our ability to maintain secure and functional financial, accounting, technology, data processing, or other operating systems or infrastructure, including those that safeguard personal and other sensitive information;

•our ability to keep pace with changes in technology, including technology-driven products and services relating to AI, that affect us or our clients, counterparties, service providers, or competitors or to maintain rights or interests in associated intellectual property;

•our ability to manage system failures or disruptions affecting operations, communications, or other systems or processes;

•our ability to identify, assess, monitor, and mitigate physical-security and cybersecurity risks, including denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, AI-driven cyberattacks, environmental conditions, and intentional acts of destruction;

•the performance, availability, and resilience of third-party service providers on whom we rely in delivering products and services to our clients and otherwise in conducting our business and operations;

•the adequacy and effectiveness of our corporate governance, risk-management framework, compliance programs, and internal controls over financial reporting, including our ability to identify, assess, monitor, and mitigate risks, remediate lapses or deficiencies in financial reporting, and make appropriate estimates;

•our ability to develop, maintain, and market our products or services and to manage risks and unanticipated costs or liabilities associated with those products or services;

•our ability to satisfactorily and profitably perform loan servicing and similar obligations;

•the legal, regulatory, and supervisory environment, including changes in financial services legislation, regulation, policies, or government leadership or personnel;

•U.S. and international regulatory capital and liquidity requirements and standards and their effects on our capital and liquidity levels, ratios, buffers, and targets, and our ability to pay or increase dividends, repurchase shares, or take other capital actions;

•our ability to address scrutiny and expectations from supervisory or other governmental authorities and to timely and credibly remediate related concerns or deficiencies;

•judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings that create uncertainty for or are adverse to us or the financial services industry;

•the outcomes of judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings to which we are or may be subject (either directly or indirectly through our ownership interests in other entities) and our ability to absorb and address any damages or other remedies that are sought or awarded and any collateral consequences;

•our ability to implement strategic and operational plans, including with respect to allocating capital and resources to our highest value opportunities, becoming the most important financial partner to our clients, and executing with urgency, discipline, and accountability;

•our ability to innovate, to anticipate the needs of current or future clients, or to make timely and effective technology investments and enhancements to meet client expectations;

•our ability to compete successfully, to increase or maintain market share in changing competitive environments, or to address pricing or other competitive pressures, including competition from banks and nonbanks and the effects of digital assets, cryptocurrencies, stablecoins, tokenization, and other emerging products, services, and technologies relating to deposits, lending, and payments;

•changes in our corporate and business strategies, the composition of our assets, or the way in which we fund those assets;

•our ability to successfully make and integrate acquisitions and to effect divestitures, which may include regulatory approvals and conditions;

•the efficacy of our methods or models in assessing business strategies or opportunities or in valuing, measuring, estimating, monitoring, or managing positions or risk;

•evolving accounting standards and policies and related changes to interpretations;

•damage to our brand or negative public opinion or adverse publicity affecting us, our leaders, or our service providers, including the impact on our relationships with clients, teammates, and other stakeholders;

•our ability to attract, hire, and retain key teammates and to engage in adequate succession planning;

•our ability to identify, assess, monitor, and mitigate the risk of fraud or misconduct by internal or external parties, including potential losses that may result;

•policies and other actions of governments to manage and mitigate climate and related environmental risks, and the effects of climate change or the transition to a lower-carbon economy on our business, operations, and reputation;

•natural or other disasters, calamities, and conflicts, including terrorist events, cyber-warfare, and pandemics that impact us or our clients, teammates, or service providers; and

•other assumptions, risks, or uncertainties described in the Company’s Annual Report on Form 10-K or subsequent reports.

Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, or Current Report on Form 8-K.

- 9 -

Quarterly Performance Summary

Truist Financial Corporation

Third Quarter 2026

Table of Contents
Quarterly Performance Summary
Truist Financial Corporation
						Page
Financial Highlights						1
Consolidated Statements of Income						2
Consolidated Ending Balance Sheets						3
Average Balances and Rates						4
Credit Quality						6
Segment Financial Performance						9
Capital Information						10
Selected Mortgage Banking Information & Additional Information						11
Non-GAAP Reconciliations						12

Financial Highlights

			Quarter Ended																		Year-to-Date
(Dollars in millions, except per share data, shares in thousands)			Sept. 30						June 30																		Sept. 30						Sept. 30						Sept. 30
			2026						2026																		2025						2026						2025
Summary Income Statement
Interest income			$	6,030					$	5,967																	$	6,286					$	17,852					$	18,428
Plus: TE adjustment			44						46																		51						135						147
Interest income - TE(1)			6,074						6,013																		6,337						17,987						18,575
Interest expense			2,367						2,346																		2,657						6,969						7,705
Net interest income			3,663						3,621																		3,629						10,883						10,723
Net interest income - TE(1)			3,707						3,667																		3,680						11,018						10,870
Provision (benefit) for credit losses			(253)						395																		436						621						1,382
Net interest income after provision for credit losses			3,916						3,226																		3,193						10,262						9,341
Noninterest income			84						1,644																		1,558						3,281						4,350
Noninterest expense			3,105						3,055																		3,014						9,143						8,906
Income before income taxes			895						1,815																		1,737						4,400						4,785
Provision for income taxes			96						262																		285						567						832
Net income			799						1,553																		1,452						3,833						3,953
Preferred stock dividends and other			115						34																		104						253						268
Net Income available to common shareholders			684						1,519																		1,348						3,580						3,685
Adjusted net income available to common shareholders(1)			1,423						1,519																		1,348						4,319						3,699
Additional Income Statement Information
Revenue			3,747						5,265																		5,187						14,164						15,073
Revenue - TE(1)			3,791						5,311																		5,238						14,299						15,220
Adjusted revenue - TE(1)			5,304						5,311																		5,238						15,812						15,239
PPNR(1)			686						2,256																		2,224						5,156						6,314
Adjusted PPNR(1)			2,239						2,256																		2,224						6,709						6,333
Key Metrics
Earnings:
Basic EPS			0.57						1.24																		1.05						2.92						2.85
Diluted EPS			0.56						1.23																		1.04						2.88						2.82
Adjusted EPS-diluted(1)			1.16						1.23																		1.04						3.47						2.83
Cash dividends declared per share			0.52						0.52																		0.52						1.56						1.56
BVPS			46.78						48.04																		46.70
TBVPS(1)			31.90						33.40																		32.57
End of period shares outstanding			1,198,488						1,221,626																		1,279,246
Weighted average shares outstanding-basic			1,210,179						1,224,867																		1,280,571						1,227,751						1,293,341
Weighted average shares outstanding-diluted			1,226,342						1,239,040																		1,296,666						1,243,918						1,308,676
ROA			0.6		%				1.1		%																1.1		%				0.9		%				1.0		%
ROCE			4.7						10.4																		9.0						8.1						8.4
ROTCE(1)			7.2						15.4																		13.6						12.2						12.8
Adjusted ROTCE(1)			14.6						15.4																		13.6						14.6						12.8
NIM - TE(1)			3.00						2.98																		3.01						3.00						3.01
Efficiency ratio			82.9						58.0																		58.1						64.6						59.1
Credit Quality
Nonperforming loans and leases as a percentage of loans and leases HFI			0.40		%				0.51		%																0.48		%
NCO as a percentage of average loans and leases HFI			0.77						0.50																		0.48						0.63		%				0.53		%
ALLL as a percentage of loans and leases HFI			1.25						1.51																		1.54
Ratio of ALLL to nonperforming loans and leases HFI			3.1x						2.9x																		3.2x
Average Balances
Assets			$	549,766					$	550,465																	$	541,825					$	548,138					$	536,879
Securities at amortized cost			118,433						118,138																		119,180						117,572						121,672
Loans and leases			329,458						331,749																		322,070						330,062						314,533
Deposits			410,699						404,869																		396,600						404,874						396,445
Common shareholders’ equity			57,899						58,616																		59,141						58,791						58,535
Total shareholders’ equity			63,310						63,788																		65,049						63,959						64,443
Period-End Balances
Assets			$	554,196					$	556,023																	$	543,851
Securities(2)			110,189						114,002																		113,544
Securities at amortized cost			115,727						118,574																		118,263
Loans and leases			325,488						332,273																		325,663
Deposits			413,233						409,379																		394,907
Common shareholders’ equity			56,061						58,684																		59,739
Total shareholders’ equity			61,472						64,095																		65,646
Capital and Liquidity Ratios			(preliminary)
Common equity tier 1			10.7		%				10.9		%																11.0		%
Tier 1			12.0						12.2																		12.3
Total			13.6						14.0																		14.2
Leverage			9.6						9.8																		10.2
Supplementary leverage			8.0						8.2																		8.5
Liquidity coverage ratio			110						113																		110

Applicable ratios are annualized.

(1)Represents a non-GAAP measure. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in the Non-GAAP Reconciliations section of this Quarterly Performance Summary or within the table above for TE measures. Net interest margin –TE is calculated using net interest income on a TE basis to determine the total yield on interest-earning assets.

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

- 1 -

Consolidated Statements of Income

			Quarter Ended																														Year-to-Date
			Sept. 30						June 30						March 31						Dec. 31						Sept. 30						Sept. 30						Sept. 30
(Dollars in millions, except per share data, shares in thousands)			2026						2026						2026						2025						2025						2026						2025
Interest Income
Interest and fees on loans and leases			$	4,689					$	4,659					$	4,599					$	4,778					$	4,816					$	13,947					$	13,966
Interest on securities			897						871						849						896						941						2,617						2,877
Interest on other earning assets			444						437						407						440						529						1,288						1,585
Total interest income			6,030						5,967						5,855						6,114						6,286						17,852						18,428
Interest Expense
Interest on deposits			1,647						1,575						1,525						1,633						1,835						4,747						5,415
Interest on long-term debt			534						485						445						481						523						1,464						1,363
Interest on other borrowings			186						286						286						300						299						758						927
Total interest expense			2,367						2,346						2,256						2,414						2,657						6,969						7,705
Net Interest Income			3,663						3,621						3,599						3,700						3,629						10,883						10,723
Provision (benefit) for credit losses			(253)						395						479						512						436						621						1,382
Net Interest Income After Provision for Credit Losses			3,916						3,226						3,120						3,188						3,193						10,262						9,341
Noninterest Income
Wealth management income			407						375						370						365						374						1,152						1,066
Card and treasury management fees			347						353						338						336						340						1,038						1,024
Investment banking and trading income			324						352						372						335						323						1,048						801
Other deposit revenue			125						120						120						121						125						365						350
Mortgage banking income			113						116						133						119						118						362						333
Lending related fees			120						120						118						98						103						358						297
Securities gains (losses)			(1,447)						—						—						—						—						(1,447)						(19)
Other income			95						208						102						172						175						405						498
Total noninterest income			84						1,644						1,553						1,546						1,558						3,281						4,350
Noninterest Expense
Personnel expense			1,853						1,792						1,727						1,818						1,748						5,372						5,030
Professional fees and outside processing			365						335						313						337						346						1,013						1,083
Software expense			254						239						230						242						233						723						694
Net occupancy expense			180						171						179						176						185						530						534
Equipment expense			77						79						85						90						90						241						261
Marketing and customer development			83						91						79						63						79						253						236
Amortization of intangibles			62						63						64						70						72						189						220
Regulatory costs			61						61						68						7						32						190						156
Other expense			170						224						238						367						229						632						692
Total noninterest expense			3,105						3,055						2,983						3,170						3,014						9,143						8,906
Earnings
Income before income taxes			895						1,815						1,690						1,564						1,737						4,400						4,785
Provision for income taxes			96						262						209						210						285						567						832
Net income			799						1,553						1,481						1,354						1,452						3,833						3,953
Preferred stock dividends and other			115						34						104						65						104						253						268
Net income available to common shareholders			$	684					$	1,519					$	1,377					$	1,289					$	1,348					$	3,580					$	3,685
Earnings Per Common Share
Basic EPS			$	0.57					$	1.24					$	1.10					$	1.02					$	1.05					$	2.92					$	2.85
Diluted EPS			0.56						1.23						1.09						1.00						1.04						2.88						2.82
Weighted Average Shares Outstanding
Basic			1,210,179						1,224,867						1,248,628						1,267,341						1,280,571						1,227,751						1,293,341
Diluted			1,226,342						1,239,040						1,266,572						1,285,078						1,296,666						1,243,918						1,308,676

- 2 -

Consolidated Ending Balance Sheets - Five Quarter Trend

			Sept. 30						June 30						March 31						Dec. 31						Sept. 30
(Dollars in millions)			2026						2026						2026						2025						2025
Assets
Cash and due from banks			$	4,230					$	4,707					$	4,294					$	4,967					$	4,329
Interest-bearing deposits with banks			41,242						34,581						31,903						31,410						32,523
Securities borrowed or purchased under agreements to resell			3,903						4,431						4,047						3,200						2,981
Trading assets at fair value			5,218						5,288						5,235						5,790						5,731
AFS securities at fair value			61,523						67,651						65,430						65,042						65,522
HTM securities at amortized cost			48,666						46,351						46,436						47,186						48,022
Loans and leases:
Commercial:
Commercial and industrial			167,316						168,826						169,247						167,808						163,607
CRE			25,897						25,479						24,447						23,720						22,414
Commercial construction			7,458						7,372						7,620						7,783						8,027
Consumer:
Residential mortgage			58,203						56,632						56,297						56,807						57,623
Home equity			9,687						9,677						9,633						9,719						9,618
Indirect auto			17,092						23,840						25,054						25,659						25,490
Other consumer			33,486						33,164						32,097						32,181						32,070
Credit card			4,791						4,806						4,843						4,918						4,889
Total loans and leases held for investment			323,930						329,796						329,238						328,595						323,738
Loans held for sale			1,558						2,477						2,174						1,883						1,925
Total loans and leases			325,488						332,273						331,412						330,478						325,663
Allowance for loan and lease losses			(4,063)						(4,983)						(5,026)						(5,030)						(4,988)
Premises and equipment			3,257						3,177						3,145						3,172						3,176
Goodwill			17,125						17,125						17,125						17,125						17,125
Core deposit and other intangible assets			1,067						1,130						1,192						1,256						1,328
Loan servicing rights at fair value			5,066						4,293						4,112						3,972						3,776
Other assets			41,474						39,999						39,670						38,970						38,663
Total assets			$	554,196					$	556,023					$	548,975					$	547,538					$	543,851
Liabilities
Deposits:
Noninterest-bearing deposits			$	103,325					$	104,341					$	105,460					$	105,092					$	106,197
Interest checking			137,313						130,421						123,257						117,830						109,827
Money market and savings			133,535						133,688						135,702						139,044						135,931
Time deposits			39,060						40,929						39,662						38,432						42,952
Total deposits			413,233						409,379						404,081						400,398						394,907
Short-term borrowings			12,415						26,885						27,441						27,839						29,376
Long-term debt			53,373						42,976						41,622						41,963						41,729
Other liabilities			13,703						12,688						11,617						12,149						12,193
Total liabilities			492,724						491,928						484,761						482,349						478,205
Shareholders’ Equity:
Preferred stock			5,411						5,411						4,916						4,916						5,907
Common stock			5,992						6,108						6,229						6,312						6,396
Additional paid-in capital			30,613						31,616						32,610						33,663						34,278
Retained earnings			27,728						27,676						26,796						26,067						25,438
Accumulated other comprehensive loss			(8,272)						(6,716)						(6,337)						(5,769)						(6,373)
Total shareholders’ equity			61,472						64,095						64,214						65,189						65,646
Total liabilities and shareholders’ equity			$	554,196					$	556,023					$	548,975					$	547,538					$	543,851

- 3 -

Average Balances and Rates - Quarters

			Quarter Ended
			September 30, 2026												June 30, 2026												March 31, 2026												December 31, 2025												September 30, 2025
(Dollars in millions)			Average Balances(1)			Income/ Expense(2)			Yields/ Rates(2)						Average Balances(1)			Income/ Expense(2)			Yields/ Rates(2)						Average Balances(1)			Income/ Expense(2)			Yields/ Rates(2)						Average Balances(1)			Income/ Expense(2)			Yields/ Rates(2)						Average Balances(1)			Income/ Expense(2)			Yields/ Rates(2)
Assets
AFS and HTM securities at amortized cost:
U.S. Treasury			$	13,772		$	151		4.34		%				$	13,454		$	145		4.32		%				$	13,138		$	145		4.48		%				$	13,275		$	162		4.82		%				$	13,351		$	174		5.18		%
GSE			452			5			3.99						464			4			3.84						474			5			3.98						478			4			3.80						458			4			3.86
Agency MBS			102,259			723			2.83						103,367			717			2.78						102,089			696			2.73						103,591			727			2.81						104,998			760			2.89
States and political subdivisions			342			4			4.27						347			4			4.27						347			3			4.30						349			4			4.27						358			3			4.19
Other			1,608			15			3.83						506			3			2.12						70			—			1.65						14			—			4.42						15			1			4.50
Total securities			118,433			898			3.03						118,138			873			2.96						116,118			849			2.93						117,707			897			3.04						119,180			942			3.16
Loans and leases:
Commercial:
Commercial and industrial			165,989			2,177			5.21						168,817			2,211			5.25						166,636			2,179			5.30						163,990			2,267			5.49						162,207			2,312			5.66
CRE			25,493			366			5.63						24,938			349			5.56						24,165			339			5.64						23,205			354			5.99						21,171			336			6.25
Commercial construction			7,515			115			6.29						7,455			112			6.18						7,845			117			6.21						8,015			129			6.52						8,258			139			6.84
Consumer:
Residential mortgage			57,286			610			4.25						56,342			585			4.15						56,458			582			4.13						57,100			589			4.13						57,676			598			4.15
Home equity			9,663			170			6.99						9,656			169			7.02						9,666			167			6.99						9,679			176			7.24						9,588			182			7.51
Indirect auto			21,406			368			6.81						24,430			429			7.06						25,342			443			7.08						25,639			469			7.27						24,964			459			7.29
Other consumer			33,360			700			8.32						32,661			679			8.33						32,053			662			8.38						32,181			677			8.35						31,714			668			8.36
Credit card			4,811			134			11.07						4,863			133			10.93						4,857			129			10.79						4,956			136			10.89						4,915			146			11.74
Total loans and leases held for investment			325,523			4,640			5.66						329,162			4,667			5.68						327,022			4,618			5.71						324,765			4,797			5.87						320,493			4,840			6.00
Loans held for sale			3,935			93			9.41						2,587			35			5.54						1,950			26			5.24						1,972			28			5.64						1,577			24			6.18
Total loans and leases			329,458			4,733			5.71						331,749			4,702			5.68						328,972			4,644			5.71						326,737			4,825			5.87						322,070			4,864			6.00
Interest earning trading assets			5,341			69			5.27						5,618			75			5.32						5,807			74			5.09						6,015			82			5.38						5,991			86			5.70
Other earning assets(3)			38,198			374			3.85						36,956			363			3.89						35,457			333			3.77						34,138			359			4.13						38,765			445			4.50
Total earning assets			491,430			6,074			4.91						492,461			6,013			4.89						486,354			5,900			4.90						484,597			6,163			5.05						486,006			6,337			5.18
Nonearning assets			58,336												58,004												57,767												57,636												55,819
Total assets			$	549,766											$	550,465											$	544,121											$	542,233											$	541,825
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking			$	131,507		747			2.25						$	123,556		652			2.12						$	120,110		619			2.09						$	112,313		618			2.18						$	109,244		677			2.46
Money market and savings			137,166			599			1.73						136,423			608			1.79						136,106			609			1.81						138,114			677			1.95						136,515			755			2.19
Time deposits			39,072			301			3.06						41,270			315			3.06						39,337			297			3.06						40,031			338			3.35						45,090			403			3.54
Total interest-bearing deposits			307,745			1,647			2.12						301,249			1,575			2.10						295,553			1,525			2.09						290,458			1,633			2.23						290,849			1,835			2.50
Short-term borrowings			18,595			186			3.96						28,893			286			3.97						30,669			286			3.78						29,128			300			4.08						26,796			299			4.42
Long-term debt			45,134			534			4.73						40,640			485			4.77						37,141			445			4.80						39,138			481			4.91						41,458			523			5.04
Total interest-bearing liabilities			371,474			2,367			2.53						370,782			2,346			2.54						363,363			2,256			2.51						358,724			2,414			2.67						359,103			2,657			2.94
Noninterest-bearing deposits			102,954												103,620												103,371												105,552												105,751
Other liabilities			12,028												12,275												12,593												12,619												11,922
Shareholders’ equity			63,310												63,788												64,794												65,338												65,049
Total liabilities and shareholders’ equity			$	549,766											$	550,465											$	544,121											$	542,233											$	541,825
Average interest-rate spread									2.38												2.35												2.39												2.38												2.24
Net interest income / net interest margin -TE(2)						$	3,707		3.00		%							$	3,667		2.98		%							$	3,644		3.02		%							$	3,749		3.07		%							$	3,680		3.01		%
TE adjustment(2)						44												46												45												49												51
Net interest income						$	3,663											$	3,621											$	3,599											$	3,700											$	3,629
Memo: Total deposits			$	410,699		1,647			1.59		%				$	404,869		1,575			1.56		%				$	398,924		1,525			1.55		%				$	396,010		1,633			1.64		%				$	396,600		1,835			1.84		%

(1)Represents daily average balances. Unrealized gains and losses on AFS securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.

(2)Amounts related to interest income and yields are on a TE basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends. A reconciliation of net interest income - TE to net interest income is included within the table above. NIM – TE is calculated using net interest income on a TE basis to determine the total yield on interest-earning assets.

(3)Includes cash equivalents, interest-bearing deposits with banks, FHLB stock, and other earning assets.

- 4 -

Average Balances and Rates - Year-To-Date

						Year-to-Date
						September 30, 2026																		September 30, 2025
(Dollars in millions)						Average Balances(1)						Income/Expense(2)						Yields/ Rates(2)						Average Balances(1)						Income/Expense(2)						Yields/ Rates(2)
Assets
AFS and HTM securities at amortized cost:
U.S. Treasury						$	13,457					$	441					4.38		%				$	14,078					$	546					5.19		%
GSE						463						14						3.94						461						13						3.78
Agency MBS						102,572						2,136						2.78						106,752						2,309						2.88
States and political subdivisions						345						11						4.28						366						11						4.20
Other						735						18						3.34						15						1						4.59
Total securities						117,572						2,620						2.97						121,672						2,880						3.16
Loans and leases:
Commercial:
Commercial and industrial						167,145						6,567						5.25						158,663						6,758						5.69
CRE						24,870						1,054						5.61						20,235						946						6.20
Commercial construction						7,604						344						6.23						8,533						428						6.84
Consumer:
Residential mortgage						56,698						1,777						4.18						56,715						1,739						4.09
Home equity						9,662						506						7.00						9,581						537						7.49
Indirect auto						23,712						1,240						6.99						24,129						1,312						7.27
Other consumer						32,696						2,041						8.35						30,474						1,904						8.36
Credit card						4,843						396						10.93						4,885						423						11.57
Total loans and leases held for investment						327,230						13,925						5.69						313,215						14,047						5.99
Loans held for sale						2,832						154						7.25						1,318						60						6.09
Total loans and leases						330,062						14,079						5.70						314,533						14,107						5.99
Interest earning trading assets						5,587						218						5.22						5,840						254						5.80
Other earning assets(3)						36,879						1,070						3.84						39,059						1,334						4.51
Total earning assets						490,100						17,987						4.90						481,104						18,575						5.15
Nonearning assets						58,038																		55,775
Total assets						$	548,138																	$	536,879
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking						$	125,100					2,018						2.16						$	111,548					2,043						2.45
Money market and savings						136,569						1,816						1.78						136,339						2,249						2.21
Time deposits						39,892						913						3.06						42,448						1,123						3.54
Total interest-bearing deposits						301,561						4,747						2.10						290,335						5,415						2.49
Short-term borrowings						26,008						758						3.89						27,777						927						4.46
Long-term debt						41,001						1,464						4.77						36,063						1,363						5.04
Total interest-bearing liabilities						368,570						6,969						2.53						354,175						7,705						2.91
Noninterest-bearing deposits						103,313																		106,110
Other liabilities						12,296																		12,151
Shareholders’ equity						63,959																		64,443
Total liabilities and shareholders’ equity						$	548,138																	$	536,879
Average interest-rate spread																		2.37																		2.24
Net interest income / net interest margin -TE(2)												$	11,018					3.00		%										$	10,870					3.01		%
TE adjustment(2)												135																		147
Net interest income												$	10,883																	$	10,723
Memo: Total deposits						$	404,874					4,747						1.57		%				$	396,445					5,415						1.83		%

(1)Represents daily average balances. Unrealized gains and losses on AFS securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.

(2)Amounts related to interest income and yields are on a TE basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends. A reconciliation of net interest income - TE to net interest income is included within the table above. NIM – TE is calculated using net interest income on a TE basis to determine the total yield on interest-earning assets.

(3)Includes cash equivalents, interest-bearing deposits with banks, FHLB stock, and other earning assets.

- 5 -

Credit Quality

						Sept. 30						June 30						March 31						Dec. 31						Sept. 30
(Dollars in millions)						2026						2026						2026						2025						2025
Nonperforming Assets
Nonaccrual loans and leases:
Commercial:
Commercial and industrial						$	733					$	657					$	738					$	839					$	800
CRE						43						43						21						47						98
Commercial construction						18						22						23						41						42
Consumer:
Residential mortgage						225						231						231						213						196
Home equity						94						98						101						99						103
Indirect auto						101						569						455						267						247
Other consumer						79						72						73						71						66
Total nonaccrual loans and leases held for investment						1,293						1,692						1,642						1,577						1,552
Loans held for sale						15						—						79						—						19
Total nonaccrual loans and leases						1,308						1,692						1,721						1,577						1,571
Foreclosed real estate						4						5						6						3						4
Other foreclosed property						26						51						58						53						54
Total nonperforming assets						$	1,338					$	1,748					$	1,785					$	1,633					$	1,629
Loans 90 Days or More Past Due and Still Accruing
Commercial:
Commercial and industrial						$	—					$	2					$	4					$	3					$	3
CRE						—						3						—						—						—
Consumer:
Residential mortgage - government guaranteed						568						560						609						532						438
Residential mortgage - nonguaranteed						46						33						39						38						41
Home equity						6						8						7						7						6
Other consumer						19						25						26						28						27
Credit card						64						67						75						76						69
Total loans 90 days past due and still accruing						$	703					$	698					$	760					$	684					$	584
Loans 30-89 Days Past Due and Still Accruing
Commercial:
Commercial and industrial						$	229					$	142					$	260					$	127					$	73
CRE						14						95						42						25						6
Commercial construction						14						—						10						36						5
Consumer:
Residential mortgage - government guaranteed						298						311						263						329						327
Residential mortgage - nonguaranteed						371						354						293						357						344
Home equity						56						52						57						69						54
Indirect auto						210						521						508						679						620
Other consumer						254						232						240						281						241
Credit card						66						67						70						77						73
Total loans 30-89 days past due and still accruing						$	1,512					$	1,774					$	1,743					$	1,980					$	1,743

- 6 -

						As of/For the Quarter Ended
						Sept. 30						June 30						March 31						Dec. 31						Sept. 30
						2026						2026						2026						2025						2025
Asset Quality Ratios
Nonperforming loans and leases as a percentage of loans and leases						0.40		%				0.51		%				0.50		%				0.48		%				0.48		%
Nonperforming loans and leases(1) as a percentage of total loans and leases(1)						0.40						0.51						0.52						0.48						0.48
Nonperforming assets(1) as a percentage of total assets						0.24						0.31						0.33						0.30						0.30
Nonperforming assets(1) as a percentage of loans and leases plus foreclosed property						0.41						0.53						0.52						0.50						0.50
Loans 90 days or more past due and still accruing as a percentage of loans and leases						0.22						0.21						0.23						0.21						0.18
Loans 90 days or more past due and still accruing as a percentage of loans and leases, excluding government guaranteed loans						0.04						0.04						0.05						0.05						0.05
Loans 30-89 days past due and still accruing as a percentage of loans and leases						0.47						0.54						0.53						0.60						0.54
Allowance for loan and lease losses as a percentage of loans and leases						1.25						1.51						1.53						1.53						1.54
Ratio of allowance for loan and lease losses to:
Net charge-offs (annualized)(2)						1.6X						3.0X						2.5X						2.7X						3.3X
Nonperforming loans and leases						3.1X						2.9X						3.1X						3.2X						3.2X
(1)Nonperforming assets and total loans and leases include loans held for sale. (2)Includes $251 million of net charge-offs upon the transfer of RAC loans to LHFS in the third quarter of 2026. Additionally includes $66 million of net charge-offs prior to their transfer to LHFS, for the three months ended September 30, 2026.
																								As of/For the Year-to-Date
																								Period Ended Sept. 30
																								2026						2025
Asset Quality Ratios(1)
Net charge-offs as a percentage of average loans and leases																								0.63		%				0.53		%
Ratio of allowance for loan and lease losses to net charge-offs																								2.0X						3.0X
Applicable ratios are annualized. (1)Includes $251 million of net charge-offs upon the transfer of RAC loans to LHFS in the third quarter of 2026. Additionally includes $259 million of net charge-offs prior to their transfer to LHFS, for the nine months ended September 30, 2026.

- 7 -

						As of/For the Quarter Ended																														As of/For the Year-to-Date
						Sept. 30						June 30						March 31						Dec. 31						Sept. 30						Period Ended Sept. 30
(Dollars in millions)						2026						2026						2026						2025						2025						2026						2025
Allowance for Credit Losses
Beginning balance						$	5,316					$	5,335					$	5,347					$	5,305					$	5,253					$	5,347					$	5,161
Provision (benefit) for credit losses(1)						(253)						395						479						512						436						621						1,382
Charge-offs:
Commercial:
Commercial and industrial						(125)						(137)						(142)						(141)						(98)						(404)						(320)
CRE						—						(1)						(7)						(14)						(25)						(8)						(133)
Commercial construction						(2)						(1)						(17)						—						—						(20)						—
Consumer:
Residential mortgage						(1)						(1)						(1)						(3)						(1)						(3)						(3)
Home equity						(3)						(3)						(3)						(2)						(2)						(9)						(8)
Indirect auto(2)						(358)						(135)						(158)						(160)						(150)						(651)						(431)
Other consumer						(170)						(168)						(184)						(178)						(155)						(522)						(455)
Credit card						(62)						(70)						(71)						(67)						(49)						(203)						(193)
Total charge-offs						(721)						(516)						(583)						(565)						(480)						(1,820)						(1,543)
Recoveries:
Commercial:
Commercial and industrial						19						22						16						23						20						57						75
CRE						—						1						3						6						2						4						12
Commercial construction						—						1						1						1						—						2						1
Consumer:
Residential mortgage						1						1						2						1						2						4						4
Home equity						4						3						3						3						5						10						13
Indirect auto						22						29						25						24						25						76						78
Other consumer						35						35						33						28						31						103						92
Credit card						11						10						9						9						10						30						33
Total recoveries						92						102						92						95						95						286						308
Net charge-offs						(629)						(414)						(491)						(470)						(385)						(1,534)						(1,235)
Other						(1)						—						—						—						1						(1)						(3)
Ending balance						$	4,433					$	5,316					$	5,335					$	5,347					$	5,305					$	4,433					$	5,305
Allowance for Credit Losses:
Allowance for loan and lease losses						$	4,063					$	4,983					$	5,026					$	5,030					$	4,988
Reserve for unfunded lending commitments						370						333						309						317						317
Allowance for credit losses						$	4,433					$	5,316					$	5,335					$	5,347					$	5,305

(1)Includes benefit of $581 million for the three months ended September 30, 2026 from the release of ACL following the recognition of held for sale-related charge-offs resulting from the RAC loan sale.

(2)Includes $251 million of net charge-offs upon the transfer of RAC loans to LHFS in the third quarter of 2026. Additionally includes $66 million and $259 million of net charge-offs prior to their transfer to LHFS, for the three and nine months ended September 30, 2026, respectively.

						Quarter Ended																														As of/For the Year-to-Date
						Sept. 30						June 30						March 31						Dec. 31						Sept. 30						Period Ended Sept. 30
						2026						2026						2026						2025						2025						2026						2025
Net Charge-offs as a Percentage of Average Loans and Leases:
Commercial:
Commercial and industrial						0.25		%				0.27		%				0.31		%				0.29		%				0.19		%				0.28		%				0.21		%
CRE						—						—						0.06						0.14						0.44						0.02						0.80
Commercial construction						0.12						(0.01)						0.84						(0.04)						(0.03)						0.33						(0.02)
Consumer:
Residential mortgage						—						—						(0.01)						0.01						—						—						—
Home equity						(0.04)						0.02						(0.02)						(0.04)						(0.11)						(0.01)						(0.07)
Indirect auto(1)						6.23						1.73						2.14						2.10						1.99						3.24						1.96
Other consumer						1.61						1.63						1.91						1.84						1.55						1.72						1.60
Credit card						4.21						4.97						5.15						4.64						3.13						4.78						4.38
Total net charge-offs (recoveries) as a percentage of average loans and leases(1)						0.77						0.50						0.61						0.57						0.48						0.63						0.53
Ratios are annualized. (1)Includes $251 million of net charge-offs upon the transfer of RAC loans to LHFS in the third quarter of 2026. Additionally includes $66 million and $259 million of net charge-offs prior to their transfer to LHFS, for the three and nine months ended September 30, 2026, respectively.

- 8 -

Segment Financial Performance - Preliminary

						Quarter Ended
						Sept. 30						June 30						March 31						Dec. 31						Sept. 30
(Dollars in millions)						2026						2026						2026						2025						2025
Consumer and Small Business Banking
Net interest income (expense)						$	1,670					$	1,625					$	1,606					$	1,622					$	1,571
Net intersegment interest income (expense)						1,047						979						886						862						850
Segment net interest income (expense)						2,717						2,604						2,492						2,484						2,421
Allocated provision (benefit) for credit losses						(299)						307						374						431						400
Noninterest income						468						529						529						520						530
Personnel expense						459						443						433						443						449
Amortization of intangibles						33						33						34						37						38
Other direct noninterest expense						319						312						293						288						281
Direct noninterest expense						811						788						760						768						768
Expense allocations						988						933						920						932						942
Total noninterest expense						1,799						1,721						1,680						1,700						1,710
Income (loss) before income taxes						1,685						1,105						967						873						841
Provision (benefit) for income taxes						409						271						238						212						205
Segment net income (loss)						$	1,276					$	834					$	729					$	661					$	636
Wholesale Banking
Net interest income (expense)						$	1,878					$	1,941					$	1,921					$	2,018					$	2,029
Net intersegment interest income (expense)						(317)						(409)						(411)						(401)						(451)
Segment net interest income (expense)						1,561						1,532						1,510						1,617						1,578
Allocated provision for credit losses						47						90						105						82						36
Noninterest income						1,215						1,159						1,069						1,134						1,142
Personnel expense						632						626						612						668						598
Amortization of intangibles						29						30						30						33						34
Other direct noninterest expense						185						200						187						188						199
Direct noninterest expense						846						856						829						889						831
Expense allocations						551						528						521						471						487
Total noninterest expense						1,397						1,384						1,350						1,360						1,318
Income (loss) before income taxes						1,332						1,217						1,124						1,309						1,366
Provision (benefit) for income taxes						284						256						232						270						283
Segment net income (loss)						$	1,048					$	961					$	892					$	1,039					$	1,083
Other, Treasury & Corporate(1)
Net interest income (expense)						$	115					$	55					$	72					$	60					$	29
Net intersegment interest income (expense)						(730)						(570)						(475)						(461)						(399)
Segment net interest income (expense)						(615)						(515)						(403)						(401)						(370)
Allocated provision (benefit) for credit losses						(1)						(2)						—						(1)						—
Noninterest income						(1,599)						(44)						(45)						(108)						(114)
Personnel expense						762						723						682						707						701
Amortization of intangibles						—						—						—						—						—
Other direct noninterest expense						686						688						712						806						714
Direct Noninterest Expense						1,448						1,411						1,394						1,513						1,415
Expense Allocations						(1,539)						(1,461)						(1,441)						(1,403)						(1,429)
Total noninterest expense						(91)						(50)						(47)						110						(14)
Income (loss) before income taxes						(2,122)						(507)						(401)						(618)						(470)
Provision (benefit) for income taxes						(597)						(265)						(261)						(272)						(203)
Segment net income (loss)						$	(1,525)					$	(242)					$	(140)					$	(346)					$	(267)
Total Truist Financial Corporation
Net interest income (expense)						$	3,663					$	3,621					$	3,599					$	3,700					$	3,629
Net intersegment interest income (expense)						—						—						—						—						—
Segment net interest income (expense)						3,663						3,621						3,599						3,700						3,629
Allocated provision (benefit) for credit losses						(253)						395						479						512						436
Noninterest income						84						1,644						1,553						1,546						1,558
Personnel expense						1,853						1,792						1,727						1,818						1,748
Amortization of intangibles						62						63						64						70						72
Other direct noninterest expense						1,190						1,200						1,192						1,282						1,194
Direct Noninterest Expense						3,105						3,055						2,983						3,170						3,014
Expense Allocations						—						—						—						—						—
Total noninterest expense						3,105						3,055						2,983						3,170						3,014
Income before income taxes						895						1,815						1,690						1,564						1,737
Provision for income taxes						96						262						209						210						285
Net income						$	799					$	1,553					$	1,481					$	1,354					$	1,452

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

- 9 -

Capital Information - Five Quarter Trend

						As of/For the Quarter Ended
						Sept. 30						June 30						March 31						Dec. 31						Sept. 30
(Dollars in millions, except per share data, shares in thousands)						2026						2026						2026						2025						2025
Selected Capital Information						(preliminary)
Risk-based capital:
Common equity tier 1						$	46,315					$	47,488					$	47,683					$	48,027					$	48,031
Tier 1						51,723						52,896						52,596						52,940						53,935
Total						58,502						60,707						60,470						61,255						62,377
Risk-weighted assets						431,752						434,934						440,333						443,257						438,114
Average quarterly assets for leverage ratio						537,657						537,658						530,908						529,156						529,861
Average quarterly assets for supplementary leverage ratio						644,500						645,253						636,907						635,249						635,076
Risk-based capital ratios:
Common equity tier 1						10.7		%				10.9		%				10.8		%				10.8		%				11.0		%
Tier 1						12.0						12.2						11.9						11.9						12.3
Total						13.6						14.0						13.7						13.8						14.2
Leverage capital ratio						9.6						9.8						9.9						10.0						10.2
Supplementary leverage						8.0						8.2						8.3						8.3						8.5
Common equity per common share						$	46.78					$	48.04					$	47.60					$	47.74					$	46.70

- 10 -

Selected Mortgage Banking Information & Additional Information

						As of/For the Quarter Ended
						Sept. 30						June 30						March 31						Dec. 31						Sept. 30
(Dollars in millions, except per share data)						2026						2026						2026						2025						2025
Mortgage Banking Income
Residential mortgage income:
Residential mortgage production revenue						$	22					$	24					$	27					$	26					$	22
Residential mortgage servicing income:
Residential mortgage servicing income before MSR valuation						82						70						82						77						74
Net MSRs valuation						(7)						5						9						1						9
Total residential mortgage servicing income						75						75						91						78						83
Total residential mortgage income						97						99						118						104						105
Commercial mortgage income:
Commercial mortgage production revenue						11						7						12						12						10
Commercial mortgage servicing income:
Commercial mortgage servicing income before MSR valuation						5						5						3						2						4
Net MSRs valuation						—						5						—						1						(1)
Total commercial mortgage servicing income						5						10						3						3						3
Total commercial mortgage income						16						17						15						15						13
Total mortgage banking income						$	113					$	116					$	133					$	119					$	118
Other Mortgage Banking Information
Residential mortgage loan originations						$	6,214					$	6,824					$	5,137					$	4,551					$	4,743
Residential mortgage servicing portfolio:(1)
Loans serviced for others						267,522						240,764						233,870						228,383						221,274
Bank-owned loans serviced						58,288						57,894						57,386						57,583						58,396
Total servicing portfolio						325,810						298,658						291,256						285,966						279,670
Weighted-average coupon rate on mortgage loans serviced for others						3.80		%				3.79		%				3.77		%				3.77		%				3.75		%
Weighted-average servicing fee on mortgage loans serviced for others						0.29						0.29						0.29						0.28						0.28
Additional Information
Brokered deposits(2)						$	26,226					$	26,812					$	28,488					$	29,835					$	28,423
NQDCP income (expense):(3)
Interest income						$	—					$	—					$	(6)					$	4					$	1
Other income						1						31						(7)						(1)						17
Personnel expense						(1)						(31)						13						(3)						(18)
Total NQDCP income (expense)						$	—					$	—					$	—					$	—					$	—
Common stock prices:
High						$	54.22					$	52.11					$	56.20					$	50.86					$	47.46
Low						46.17						45.83						43.13						40.78						41.98
End of period						46.30						49.82						45.97						49.21						45.72
Banking offices						1,912						1,927						1,927						1,927						1,927
ATMs						2,790						2,820						2,826						2,829						2,837
Full-time equivalent teammates(4)						37,833						37,849						37,877						38,062						38,534

(1)Amounts reported are unpaid principal balance.

(2)Amounts represented in interest checking, money market and savings, and time deposits.

(3)Relates to plans where Truist holds assets in proportion to participant elections.

(4)Full-time equivalent teammates represents an average for the quarter.

- 11 -

Non-GAAP Reconciliations

Diluted EPS

						Quarter Ended																		Year-to-Date
						Sept. 30						June 30																		Sept. 30						Sept. 30						Sept. 30
(Dollars in millions, except per share data)						2026						2026																		2025						2026						2025
Net Income (loss) available to common shareholders						$	684					$	1,519																	$	1,348					$	3,580					$	3,685
Gross adjustments:
Securities (gains) losses						1,447						—																		—						1,447						19
Reserve recapture for RAC loan sale						(581)						—																		—						(581)						—
RAC loan sale impact						106						—																		—						106						—
Applicable income taxes related to adjustments:(1)
Securities (gains) losses						(346)						—																		—						(346)						(5)
Reserve recapture for RAC loan sale						139						—																		—						139						—
RAC loan sale impact						(26)						—																		—						(26)						—
Adjusted net income available to common shareholders(2)						$	1,423					$	1,519																	$	1,348					$	4,319					$	3,699
Weighted average shares outstanding - diluted						1,226,342						1,239,040																		1,296,666						1,243,918						1,308,676
Diluted EPS						0.56						1.23																		1.04						2.88						2.82
Adjusted diluted EPS(2)						1.16						1.23																		1.04						3.47						2.83

(1)Calculated using the applicable marginal tax rate.

(2)Adjusted net income available to common shareholders and adjusted diluted EPS are non-GAAP in that these measures exclude selected items, net of tax. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. Diluted EPS impact for individual items may not foot to difference between GAAP diluted and adjusted diluted EPS due to rounding.

Revenue

						Quarter Ended																		Year-to-Date
						Sept. 30						June 30																		Sept. 30						Sept. 30						Sept. 30
(Dollars in millions)						2026						2026																		2025						2026						2025
Revenue(1)						$	3,747					$	5,265																	$	5,187					$	14,164					$	15,073
Taxable equivalent adjustment						44						46																		51						135						147
Revenue - taxable equivalent(1)(2)						$	3,791					$	5,311																	$	5,238					$	14,299					$	15,220
Securities (gains) losses						1,447						—																		—						1,447						19
Loss on RAC loan sale						66						—																		—						66						—
Adjusted revenue - TE(1)(2)						$	5,304					$	5,311																	$	5,238					$	15,812					$	15,239

(1)Revenue is defined as net interest income plus noninterest income.

(2)Adjusted revenue includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue additionally excludes selected items. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.

Pre-Provision Net Revenue

						Quarter Ended																		Year-to-Date
						Sept. 30						June 30																		Sept. 30						Sept. 30						Sept. 30
(Dollars in millions)						2026						2026																		2025						2026						2025
Net income						$	799					$	1,553																	$	1,452					$	3,833					$	3,953
Provision (benefit) for credit losses						(253)						395																		436						621						1,382
Provision for income taxes						96						262																		285						567						832
Taxable-equivalent adjustment						44						46																		51						135						147
PPNR(1)						686						2,256																		2,224						5,156						6,314
Securities (gains) losses						1,447						—																		—						1,447						19
RAC loan sale impact						106						—																		—						106						—
Adjusted PPNR(1)						$	2,239					$	2,256																	$	2,224					$	6,709					$	6,333

(1)PPNR is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes and includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted PPNR is a non-GAAP measure that additionally excludes selected items. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.

- 12 -

Return on Average Tangible Common Shareholders’ Equity

						Quarter Ended																		Year-to-Date
						Sept. 30						June 30																		Sept. 30						Sept. 30						Sept. 30
(Dollars in millions)						2026						2026																		2025						2026						2025
Net income available to common shareholders						$	684					$	1,519																	$	1,348					$	3,580					$	3,685
Amortization of intangibles						62						63																		72						189						220
Applicable income taxes related to the amortization of intangibles(1)						(15)						(15)																		(18)						(45)						(53)
Tangible net income available to common shareholders(2)						731						1,567																		1,402						3,724						3,852
Gross adjustments:
Securities (gains) losses						1,447						—																		—						1,447						19
Reserve recapture for RAC loan sale						(581)						—																		—						(581)						—
RAC loan sale impact						106						—																		—						106						—
Applicable income taxes related to adjustments:(1)
Securities (gains) losses						(346)						—																		—						(346)						(5)
Reserve recapture for RAC loan sale						139						—																		—						139						—
RAC loan sale impact						(26)						—																		—						(26)						—
Total adjustments, net of tax						739						—																		—						739						14
Adjusted tangible net income available to common shareholders(2)						$	1,470					$	1,567																	$	1,402					$	4,463					$	3,866
Average common shareholders’ equity						$	57,899					$	58,616																	$	59,141					$	58,791					$	58,535
Average intangible assets						(18,258)						(18,321)																		(18,528)						(18,321)						(18,595)
Applicable deferred taxes related to intangible assets(1)						398						401																		415						401						418
Average tangible common shareholders’ equity(2)						$	40,039					$	40,696																	$	41,028					$	40,871					$	40,358
ROCE						4.7		%				10.4		%																9.0		%				8.1		%				8.4		%
ROTCE(2)						7.2						15.4																		13.6						12.2						12.8
Adjusted ROTCE(2)						14.6						15.4																		13.6						14.6						12.8

(1)Calculated using the applicable marginal tax rate.

(2)Tangible net income available to common shareholders, average tangible common shareholders’ equity, and ROTCE are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes. Adjusted tangible net income available to common shareholders and adjusted ROTCE are non-GAAP measures that additionally exclude other selected items. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess balance sheet risk and shareholder value. These measures are not necessarily comparable to similar measures that may be presented by other companies.

Tangible Book Value per Common Share

						Sept. 30						June 30																		Sept. 30
(Dollars in millions, except per share data, shares in thousands)						2026						2026																		2025
Calculations of Tangible Common Equity and Related Measures:(1)
Total shareholders’ equity						$	61,472					$	64,095																	$	65,646
Preferred stock						(5,411)						(5,411)																		(5,907)
Common shareholders’ equity						56,061						58,684																		59,739
Intangible assets						(18,223)						(18,287)																		(18,489)
Applicable deferred taxes related to intangible assets(2)						397						400																		413
Tangible common equity						$	38,235					$	40,797																	$	41,663
Outstanding shares at end of period						1,198,488						1,221,626																		1,279,246
Common equity per common share						$	46.78					$	48.04																	$	46.70
TBVPS						31.90						33.40																		32.57

(1)Tangible common equity and related measures are non-GAAP measures that exclude preferred stock and intangible assets, net of deferred taxes. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess balance sheet risk and shareholder value. These measures are not necessarily comparable to similar measures that may be presented by other companies.

(2)Calculated using the applicable marginal tax rate.

- 13 -

Third Quarter 2026 Earnings Conference Call Mike Lyons - President and CEO Mike Maguire - CFO October 16, 2026

2 From time to time we have made, and in the future will make, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “pursue,” “seek,” “continue,” “estimate,” “project,” “outlook,” “forecast,” “potential,” “target,” “objective,” “trend,” “plan,” “goal,” “initiative,” “priorities,” or other words of comparable meaning or future-tense or conditional verbs such as “may,” “will,” “should,” “would,” or “could.” Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, or results. In particular, forward-looking statements include statements we make about: (i) Truist’s ROTCE goals in future periods and its confidence in meeting those goals, (ii) Truist’s loan portfolio actions sharpening its strategic focus, improving its balance sheet mix, and creating capacity to invest in core growth potential, (iii) the impact of the RAC loan portfolio sale on net charge-offs and nonperforming loans, (iv) the impact of the RAC loan portfolio sale and AFS securities repositioning on earnings, ROTCE, and tangible book value per share, (v) the expected proceeds and use thereof, impact on CET1 capital and net charge-offs, and closing timeframe of the LightStream loan portfolio sale and potential AFS securities repositioning to offset the capital created by the sale, (vi) estimated net interest income in Q4 2026, (vii) projections or estimates of common stock repurchases and preferred stock dividends, (viii) guidance with respect to financial performance metrics in future periods, including future levels of taxable equivalent revenue, noninterest expense, and net charge-off ratio, and (ix) Truist’s effective tax rate in future periods. This presentation, including any information incorporated by reference in this presentation, contains forward-looking statements. We also may make forward-looking statements in other documents that are filed or furnished with the SEC. In addition, we may make forward-looking statements orally or in writing to investors, analysts, members of the media, and others. All forward- looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, and results may differ materially from those set forth in any forward-looking statement. While no list of assumptions, risks, and uncertainties could be complete, some of the factors that may cause actual results or other future events or circumstances to differ from those in forward-looking statements include: • changes in monetary, fiscal, and trade laws or policies, including tariffs or interest rates; • evolving political, geopolitical, business, social, economic, and market conditions at the local, regional, national, and international levels; • our ability to effectively address economic, business, or market deterioration, slowdowns or disruptions; • disruptions and shifts in investor sentiment or behavior in the securities, capital, or other financial markets, including financial or systemic shocks and volatility or changes in market liquidity, interest or currency rates, or valuations; • changes in business and consumer sentiment, preferences, or behavior, including spending, borrowing, or saving by businesses or households; • negative market perceptions of our investment portfolio or its value; • our ability to manage credit risk, including in connection with the loans that we originate or purchase; • the credit, liquidity, or other financial condition of our clients, counterparties, service providers, or competitors; • our ability to cost-effectively fund our businesses and operations, including by accessing long- and short-term funding and liquidity and by retaining and growing client deposits; • our ability to manage any unexpected outflows of uninsured deposits and, in such a circumstance, to access substitute funding, and avoid selling investment securities or other assets at an unfavorable time or at a loss; • changes in our credit ratings and the related effects on our funding costs, ability to attract or retain funding, and relationships with clients and counterparties; • any instability or breakdown in the financial system, including as a result of the actual or perceived soundness of another financial institution or another participant in the financial system; • our ability to maintain secure and functional financial, accounting, technology, data processing, or other operating systems or infrastructure, including those that safeguard personal and other sensitive information; • our ability to keep pace with changes in technology, including technology-driven products and services relating to AI, that affect us or our clients, counterparties, service providers, or competitors or to maintain rights or interests in associated intellectual property; • our ability to manage system failures or disruptions affecting operations, communications, or other systems or processes; • our ability to identify, assess, monitor, and mitigate physical-security and cybersecurity risks, including denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, AI-driven cyberattacks, environmental conditions, and intentional acts of destruction; • the performance, availability, and resilience of third-party service providers on whom we rely in delivering products and services to our clients and otherwise in conducting our business and operations; • the adequacy and effectiveness of our corporate governance, risk-management framework, compliance programs, and internal controls over financial reporting, including our ability to identify, assess, monitor, and mitigate risks, remediate lapses or deficiencies in financial reporting, and make appropriate estimates; • our ability to develop, maintain, and market our products or services and to manage risks and unanticipated costs or liabilities associated with those products or services; • our ability to satisfactorily and profitably perform loan servicing and similar obligations; • the legal, regulatory, and supervisory environment, including changes in financial services legislation, regulation, policies, or government leadership or personnel; • U.S. and international regulatory capital and liquidity requirements and standards and their effects on our capital and liquidity levels, ratios, buffers, and targets, and our ability to pay or increase dividends, repurchase shares, or take other capital actions; • our ability to address scrutiny and expectations from supervisory or other governmental authorities and to timely and credibly remediate related concerns or deficiencies; • judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings that create uncertainty for or are adverse to us or the financial services industry; • the outcomes of judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings to which we are or may be subject (either directly or indirectly through our ownership interests in other entities) and our ability to absorb and address any damages or other remedies that are sought or awarded and any collateral consequences; • our ability to implement strategic and operational plans, including with respect to allocating capital and resources to our highest value opportunities, becoming the most important financial partner to our clients, and executing with urgency, discipline, and accountability; • our ability to innovate, to anticipate the needs of current or future clients, or to make timely and effective technology investments and enhancements to meet client expectations; • our ability to compete successfully, to increase or maintain market share in changing competitive environments, or to address pricing or other competitive pressures, including competition from banks and nonbanks and the effects of digital assets, cryptocurrencies, stablecoins, tokenization, and other emerging products, services, and technologies relating to deposits, lending, and payments; • changes in our corporate and business strategies, the composition of our assets, or the way in which we fund those assets; • our ability to successfully make and integrate acquisitions and to effect divestitures, which may include regulatory approvals and conditions; • the efficacy of our methods or models in assessing business strategies or opportunities or in valuing, measuring, estimating, monitoring, or managing positions or risk; • evolving accounting standards and policies and related changes to interpretations; • damage to our brand or negative public opinion or adverse publicity affecting us, our leaders, or our service providers, including the impact on our relationships with clients, teammates, and other stakeholders; • our ability to attract, hire, and retain key teammates and to engage in adequate succession planning; • our ability to identify, assess, monitor, and mitigate the risk of fraud or misconduct by internal or external parties, including potential losses that may result; • policies and other actions of governments to manage and mitigate climate and related environmental risks, and the effects of climate change or the transition to a lower-carbon economy on our business, operations, and reputation; • natural or other disasters, calamities, and conflicts, including terrorist events, cyber-warfare, and pandemics that impact us or our clients, teammates, or service providers; and • other assumptions, risks, or uncertainties described in the Company’s Annual Report on Form 10-K or subsequent reports. Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, or Current Report on Form 8-K. Forward-looking statements

3 Non-GAAP financial information This presentation contains financial information and performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Truist’s management uses these non-GAAP measures in its analysis of Truist’s performance and the efficiency of its operations. Management believes these non-GAAP measures are useful to investors because they provide a greater understanding of ongoing operations, enhance comparability of results with prior periods, and demonstrate the effects of significant items in the current period. Truist believes a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Below is a listing of the types of non-GAAP measures used in this presentation: Adjusted net income available to common shareholders and adjusted diluted EPS - Adjusted net income available to common shareholders and adjusted diluted EPS are non-GAAP in that these measures exclude selected items, net of tax. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. Diluted EPS impact for individual items may not foot to difference between GAAP diluted and adjusted diluted EPS due to rounding. Taxable-equivalent measures - Taxable-equivalent revenue, taxable-equivalent interest income, taxable-equivalent net interest income, and taxable-equivalent net interest margin include a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods. Adjusted revenue - Adjusted revenue includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue additionally excludes selected items. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods. Adjusted noninterest income and expense - Adjusted noninterest income and expense are non-GAAP measures that exclude selected items. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods. Pre-provision net revenue (PPNR) - PPNR is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes and includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted PPNR is a non-GAAP measure that additionally excludes selected items. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods. Tangible common equity and related measures - Tangible common equity, average tangible common equity, and related measures, including ROTCE, adjusted ROTCE, and TBVPS, are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes, and its related amortization. Adjusted ROTCE is a non-GAAP measure that additionally excludes other selected items. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess profitability, returns relative to balance sheet risk, and shareholder value. Adjusted return on average assets - Adjusted ROA is a non-GAAP measure in that it excludes selected items. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges. Net charge-off ratio, excluding RAC - The net charge-off ratio excluding Regional Acceptance Corporation (RAC) is a non-GAAP measure in that it excludes certain loans and the related charge-offs. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results. Truist does not provide reconciliations for forward-looking non-GAAP financial measures because it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of Truist’s control, or cannot be reasonably predicted. For the same reasons, Truist is unable to address the probable significance of the unavailable information. A copy of this presentation is available on the Truist Investor Relations website, ir.truist.com.

4 – Clarifying strategy: Become the most important financial partner to our clients – Focusing resources: Ongoing franchise review to reallocate capital and expenses to align to strategy and enhance balance sheet composition – Driving better execution: Operate with greater urgency, flatten the organization, add to existing talent, and increase accountability to drive faster growth and higher returns Building a high-performing company Solid 3Q26 adjusted results; reallocating capital and resources to drive higher growth, profitability, and returns (1) Strategic actions include RAC loan sale and AFS securities repositioning (2) Represents a non-GAAP financial measure and excludes the impact of strategic actions; for all non-GAAP measures, including those that are not adjusted, see appendix for reconciliations 3Q26 key takeaways 3Q26 by the numbers (Reported / adjusted(2)) $0.56 / $1.16 Diluted EPS 7.2% / 14.6% ROTCE (non-GAAP) 0.77% / 0.38% NCO ratio 10.7% CET1 ratio – Delivered solid results – Continued momentum in client deposit growth – Record quarter in wealth management income – Asset quality metrics remain strong – Maintained expense discipline – Returned $1.8 billion to shareholders through $0.6 billion of common dividends and $1.2 billion of share repurchases – Completed the RAC loan sale and AFS securities repositioning – Strategic actions improved credit, liquidity, and funding profile – On track to achieve ROTCE targets 3Q26 results reflect strategic actions(1)

5 Portfolio actions sharpen strategic focus and enhance risk profile (1) LightStream metrics are estimates and preliminary and any action undertaken would be subject to market conditions (2) $990 million capital increase driven by a $442 million after-tax loan loss reserve recapture and $628 million of capital created by a reduction in risk-weighted assets partially offset by $80 million of after-tax RAC loan sale impacts (3) The blended reinvestment rate on the new investment securities purchased is 5.60% for the next 12 months including the impact of swaps and based on the Federal Funds futures curve (4) ~$850 million estimated capital increase driven by a $70 million after-tax loan loss reserve recapture and $820 million of capital created by a reduction in risk-weighted assets partially offset by $40 million of after-tax impacts Completed RAC loan sale and AFS securities repositioning Signed agreement to sell LightStream(1) Update on strategic review of loan portfolios – Sold $5.5 billion RAC auto loan portfolio for $5.2 billion – Sale created $990 million or 23 bps of CET1 capital(2) – Reduces NCOs by ~10 bps annually and NPLs by >10 bps – Repaid $5.2 billion of borrowings – Sold $8.6 billion of book value AFS securities with a weighted average book yield of 2.67% and a duration of 5.8 years – Recorded a pre-tax loss of $1.4 billion – Purchased $7.2 billion of securities with a weighted average yield of 5.60%(3) and a duration of 2.3 years – Transactions modestly accretive to earnings, ROTCE, and tangible book value per share – Signed agreement to sell $7.7 billion of loans representing substantially all assets of LightStream, a national unsecured lending platform, to Carlyle Group Inc. – Non-core, loan only business generating a below target ROTCE – Transaction expected to: – Generate $7.2 billion of net proceeds – Create ~$850 million or 20 bps of CET1 capital(4) – Reduce NCOs by ~7 bps annually – Closing anticipated in 4Q26, subject to satisfaction of customary closing conditions – Plan to utilize proceeds to repay wholesale borrowings – Will evaluate a potential AFS securities repositioning to offset capital created from sale – Broader strategic review ongoing

6 Strategic actions impacted 3Q26 diluted EPS by $0.60 May not foot due to rounding (1) Strategic actions include RAC loan sale and AFS securities repositioning (2) Adjusted metrics include non-GAAP financial measures; for all non-GAAP measures, including those that are not adjusted, see appendix for reconciliations (3) Sold $8.6 billion of book value AFS securities and received net proceeds of $7.2 billion (4) $106 million of RAC loan sale impacts include a $66 million reduction in noninterest income and $40 million increase in noninterest expense related to costs associated with the RAC loan sale (5) Represents a $581 million benefit from the release of ACL following recognition of held for sale-related charge-offs Delivered solid results excluding strategic actions 3Q26 reported (a) RAC loan sale (b) AFS securities repositioning (c) Net impact (d) = (b) + (c) 3Q26 adjusted(2) (e) = (a) - (d) Total revenue-TE (non-GAAP) $3,791 $(66) $(1,447) $(1,513) $5,304 Noninterest expense $3,105 $40 $40 $3,065 PPNR (non-GAAP) $686 $(106) $(1,447) $(1,553) $2,239 Provision for credit losses (benefit) $(253) $(581) $(581) $328 Net income available to common shareholders $684 $362 $(1,101) $(739) $1,423 Diluted EPS $0.56 $0.30 $(0.90) $(0.60) $1.16 ROA 0.6% 1.1% ROCE 4.7% 9.8% ROTCE (non-GAAP) 7.2% 14.6% Select financial highlights Strategic actions impacting 3Q26 results(1,2) – Net income available to common shareholders was $684 million or $0.56 per diluted share, which included the following items: – $1.4 billion pre-tax ($1.1 billion after-tax) or $0.90 per share loss on the sale of AFS securities(3) – $581 million pre-tax ($442 million after-tax) or $0.36 per share loan loss reserve recapture(5) – $106 million pre-tax ($80 million after-tax) or $0.06 per share of RAC loan sale impacts(4) – Adjusted net income available to common shareholders was $1.4 billion or $1.16 per share – Revenue was $3.8 billion, or $5.3 billion adjusted for strategic actions – Adjusted revenue declined 0.1% vs. 2Q26 – Noninterest expense was $3.11 billion, or $3.07 billion adjusted for strategic actions – Adjusted noninterest expense increased 0.3% vs. 2Q26 – ROTCE was 7.2%, or 14.6% excluding strategic actions

7 Balance sheet summary Strategic actions enhance balance sheet composition Average balances ($ MM) 3Q26 vs. 2Q26 ($ change) vs. 2Q26 (% change) vs. 3Q25 ($ change) vs. 3Q25 (% change) Total loans HFI $325,523 $(3,639) (1.1)% $5,030 1.6% Investment securities(1) $118,433 $295 0.2% $(747) (0.6)% Total deposits $410,699 $5,830 1.4% $14,099 3.6% Total borrowings $63,729 $(5,804) (8.3)% $(4,525) (6.6)% Capital metrics and ratios 9/30/2026 6/30/2026 vs. 2Q26 9/30/2025 vs. 3Q25 Book value per share $46.78 $48.04 (2.6)% $46.70 0.2% Tangible book value per share(2) $31.90 $33.40 (4.5)% $32.57 (2.1)% CET1 ratio (preliminary) 10.7% 10.9% (20) bps 11.0% (30) bps Select highlights (1) End of period investment securities were $115.7 billion at 9/30/2026 (2) Represents a non-GAAP financial measure; see appendix for reconciliations

8 Loan trends reflect optimization of lending portfolios May not foot due to rounding (1) Reflects ceased originations in marine/RV loans and de-emphasis of certain lower return portfolios (2) RAC loan sale of $1.7 billion represents the impact of RAC loans moving to held-for-sale in September Average loans and leases HFI $320 $325 $327 $329 $326 $192 $195 $199 $201 $199 $129 $130 $128 $128 $127 6.00% 5.87% 5.71% 5.68% 5.66% Commercial LHFI Consumer and card LHFI Loans HFI yield 3Q25 4Q25 1Q26 2Q26 3Q26 2Q26 Core loan growth RAC loan sale 3Q26 $329 $326 $0.8 5-quarter trend ($ in billions) Average loan roll forward ($ in billions) ($2.7) Strategic run-off(1) ($1.7) (2)

9 Total borrowings ($ in billions) $397 $396 $399 $405 $411 $214 $213 $213 $217 $216 $143 $148 $149 $149 $157 $40 $35 $37 $39 $38 CSBB deposits Wholesale deposits Other, Treasury, & Corporate deposits 3Q25 4Q25 1Q26 2Q26 3Q26 $68 $68 $68 $70 $64 $27 $29 $31 $29 $19 $41 $39 $37 $41 $45 Short-term borrowings Long-term debt 3Q25 4Q25 1Q26 2Q26 3Q26 Higher client deposits drove 3.6% growth in average deposits, while total borrowings decreased 6.6% vs. 3Q25 Average deposits and borrowings $397 $396 $399 $405 $411 $291 $290 $296 $301 $308 $106 $106 $103 $104 $103 1.84% 1.64% 1.55% 1.56% 1.59% Interest-bearing deposits Noninterest-bearing deposits Total deposit cost (%) 3Q25 4Q25 1Q26 2Q26 3Q26 5-quarter trend ($ in billions) Deposit mix by segment ($ in billions)

10 Swap portfolio overview ($ in billions) Active receive-fixed $3,680 $3,749 $3,644 $3,667 $3,707 3.01% 3.07% 3.02% 2.98% 3.00% Net interest income-TE Net interest margin-TE 3Q25 4Q25 1Q26 2Q26 3Q26 Fwd. starting receive-fixed Pay-fixed < 3yrs. Net interest income and net interest margin (1) Net interest income and net interest margin include a taxable-equivalent adjustment and are non-GAAP measures. See appendix for more information on taxable-equivalent measures and reconciliations to GAAP net interest income. 9/30/2026 Pay-fixed > 3yrs.(1) $86 $24 Total wtd. avg. rate = 3.39% ($15)Total wtd. avg. rate = 3.75% ($11) $137 – At 9/30, notional receive-fixed and pay- fixed swaps totaled $110 billion and $26 billion, respectively, compared with $112 billion and $24 billion at 6/30/2026 – Interest rate sensitivity position remained relatively neutral to changes in interest rates at 9/30/2026 (1) 5-quarter net interest income and net interest margin trend ($ in millions) NII outlook – Expect 4Q26 net interest income of $3.65 to $3.7 billion – 4Q26 outlook reflects: – $125 million reduction from the RAC loan sale – $40 million increase from the AFS securities repositioning

11 Categories 3Q26 vs. 2Q26 vs. 3Q25 Wealth management income $407 8.5% 8.8% Card and treasury management fees $347 (1.7)% 2.1% Investment banking and trading income $324 (8.0)% 0.3% Other deposit revenue $125 4.2% —% Mortgage banking income $113 (2.6)% (4.2)% Lending related fees $120 —% 16.5% Securities gains / (losses) $(1,447) NM NM Other income $95 (54)% (46)% Total noninterest income $84 (95)% (95)% Loss on RAC loan sale(1) $66 Securities losses $1,447 Adjusted noninterest income(2) $1,597 (2.9)% 2.5% Wealth management was a key driver of adjusted growth vs. 3Q25 Noninterest income – Noninterest income decreased 95% primarily driven by $1.4 billion of securities losses on the sale of certain AFS securities – Adjusted noninterest income increased 2.5% driven by higher wealth management income due to favorable market performance Noninterest income details ($ in millions) Vs. like quarter – Noninterest income decreased 95% primarily driven by $1.4 billion of securities losses on the sale of certain AFS securities and $66 million of losses from the RAC loan sale included in other income – Adjusted noninterest income declined 2.9% driven by: – lower other income and investment banking and trading income – partially offset by higher wealth management income due to favorable market performance Vs. linked quarter (1) Included in Other income (2) Represents a non-GAAP financial measure that excludes selected items. The reconciliation to GAAP noninterest income is in the table above.

12 Categories 3Q26 vs. 2Q26 vs. 3Q25 Personnel expense $1,853 3.4% 6.0% Professional fees and outside processing $365 9.0% 5.5% Software expense $254 6.3% 9.0% Net occupancy expense $180 5.3% (2.7)% Equipment expense $77 (2.5)% (14.4)% All other noninterest expense(1) $376 (14.4)% (8.7)% Total noninterest expense $3,105 1.6% 3.0% RAC loan sale costs $(40) Adjusted noninterest expense(2) $3,065 0.3% 1.7% Noninterest expense growth remains well controlled Noninterest expense (1) All other noninterest expense includes marketing and customer development, amortization of intangibles, regulatory costs, and other expense (2) Represents a non-GAAP financial measure that excludes selected items. The reconciliation to GAAP noninterest expense is in the table above. Noninterest expense details ($ in millions) – Noninterest expense increased 3.0%, primarily driven by: – higher personnel expense, partially offset by lower other expense – Adjusted noninterest expense increased 1.7% Vs. like quarter – Noninterest expense increased 1.6% primarily driven by: – higher personnel expense, which includes $40 million of costs associated with the RAC loan sale, and professional fees and outside processing expenses – partially offset by all other noninterest expense – Adjusted noninterest expense increased 0.3% Vs. linked quarter

13 ALLL Asset quality remains strong; RAC loan sale further strengthens credit risk profile 0.48% 0.48% 0.50% 0.51% 0.40% 3Q25 4Q25 1Q26 2Q26 3Q26 $436 $512 $479 $395 $(253) 3Q25 4Q25 1Q26 2Q26 3Q26 $385 $470 $491 $414 0.48% 0.57% 0.61% 0.50% 3Q25 4Q25 1Q26 2Q26 3Q26 Asset quality $4,988 $5,030 $5,026 $4,983 $4,063 ALLL ALLL ratio ALLL / NPL 3Q25 4Q25 1Q26 2Q26 3Q26 3.2x 1.54% 3.2x 1.53% 3.1x 1.53% 2.9x 1.51% 3.1x 1.25% $312(1) $629 0.77% 0.38%(1) NCO ratio ex. RAC NCOs NCO ratio NCOs ex. RAC $328(2) Reported Ex. RAC Provision for credit losses ($ in millions) NCO and NCO ratio ($ in millions) Nonperforming loans / LHFI (1) Excludes total NCOs for the quarter and total average loans related to RAC, as applicable, and represents a non-GAAP financial measure. See appendix for reconciliations. (2) Excludes a $581 million benefit from the release of ACL following recognition of held for sale-related charge-offs ($ in millions)

14 3Q26 actuals 4Q26 outlook Revenue-TE(1): $3.8 billion ~$5.35 billion (reflects $125 million reduction from RAC loan sale and $40 million increase from AFS securities repositioning) Noninterest expense: $3.1 billion Up 2.5% Net charge-off ratio: 0.77% ~0.45% Tax rate: 10.7% effective; 14.9% FTE ~13.5% effective; ~15.5% FTE Share repurchases: $1.2 billion ~$1 billion 4Q26 outlook (1) Revenue-TE is a non-GAAP financial measure; see appendix for reconciliation Outlook excludes impact of potential strategic actions

Appendix

A-1 3Q26 vs. 2Q26 vs. 3Q25 Income statement ($ MM) Net interest income 2,717 4.3 % 12.2 % Allocated provision for credit losses (299) (197.4) % (174.8) % Noninterest income 468 (11.5) % (11.7) % Noninterest expense 1,799 4.5 % 5.2 % Segment net income $1,276 53.0 % 100.6 % Balance sheet ($ B) Average loans(1) 131 (1.6) % (2.4) % Average deposits 216 (0.1) % 1.2 % Credit metrics NCOs 1.61 % 68 bps 74 bps NPLs / LHFI 0.43 % (34) bps (6) bps Key metrics Digital transactions as a % of total(2) 71% 60 bps 290 bps Truist Assist chat volume (MM) 2.0 1.4 % 54 % Debit / credit card spend ($ B) $32 (0.8) % 4.5 % ATMs 2,790 2,820 2,837 Branches 1,912 1,927 1,927 Segment results Results not adjusted for the RAC loan sale (1) Excludes loans held for sale (2) Digital transactions include transfers, Zelle, bill payments, mobile deposits, ACH, and wire transfers (3) The year-over-year AUA decline is primarily attributable to a 2025 divestiture 3Q26 CSBB segment results 3Q26 Wholesale segment results 3Q26 vs. 2Q26 vs. 3Q25 Income statement ($ MM) Net interest income $1,561 1.9 % (1.1) % Allocated provision for credit losses 47 (47.8) % 30.6 % Noninterest income 1,215 4.8 % 6.4 % Noninterest expense 1,397 0.9 % 6.0 % Segment net income $1,048 9.1 % (3.2) % Balance sheet ($ B) Average loans(1) 194 (0.8) % 4.5 % Average deposits 157 5.2 % 9.8 % Credit metrics NCOs 0.20 % (1) bp 1 bp NPLs / LHFI 0.38 % 4 bps (9) bps Key metrics Investment banking & trading income ($ MM) $324 (8.0) % 0.3 % Wealth management income ($ MM) $407 8.5 % 8.8 % Total wealth client assets ($ B)(3) $348 (0.3) % (4.4) %

A-2 Preferred dividend 4Q26 1Q27 2Q27 3Q27 Estimated dividends based on projected interest rates and amounts outstanding ($ in millions) $42 $112 $43 $112 Estimates assume forward-looking interest rates as of 9/30/2026. Actual interest rates and amounts outstanding could vary significantly causing dividend payments to differ from the estimates shown above.

A-3 Quarter Ended Sept. 30 2026 Net Income (loss) available to common shareholders (a) $ 684 Gross adjustments: Securities (gains) losses 1,447 Reserve recapture for RAC loan sale (581) RAC loan sale impact 106 Applicable income taxes related to adjustments:(1) Securities (gains) losses (346) Reserve recapture for RAC loan sale 139 RAC loan sale impact (26) Adjusted net income available to common shareholders(2) (b) 1,423 Weighted average shares outstanding - diluted (c) 1,226,342 Diluted EPS (a)/(c) 0.56 Adjusted diluted EPS(2) (b)/(c) 1.16 Non-GAAP reconciliations Adjusted net income and adjusted diluted EPS $ in millions, except per share data, shares in thousands (1) Calculated using the applicable marginal tax rate. (2) Adjusted net income available to common shareholders and adjusted diluted EPS are non-GAAP in that these measures exclude selected items, net of tax. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. Diluted EPS impact for individual items may not foot to difference between GAAP diluted and adjusted diluted EPS due to rounding.

A-4 Non-GAAP reconciliations Net interest income and NIM $ in millions (1) Taxable-equivalent interest income, taxable-equivalent net interest income, and taxable-equivalent net interest margin include a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods. (2) Applicable ratios are annualized.   Quarter Ended   Sept. 30 June 30 March 31 Dec. 31 Sept. 30 2026 2026 2026 2025 2025 Net interest income $ 3,663 $ 3,621 $ 3,599 $ 3,700 $ 3,629 Taxable-equivalent adjustment 44 46 45 49 51 Net interest income - TE(1) (a) $ 3,707 $ 3,667 $ 3,644 $ 3,749 $ 3,680 Total average earning assets (b) $ 491,430 $ 492,461 $ 486,354 $ 484,597 $ 486,006 NIM - TE(1)(2) (a)/(b) 3.00 % 2.98 % 3.02 % 3.07 % 3.01 %

A-5 Non-GAAP reconciliations Adjusted revenue $ in millions (1) Revenue is defined as net interest income plus noninterest income. (2) Adjusted revenue includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue additionally excludes selected items. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.   Quarter Ended   Sept. 30 2026 Revenue(1) $ 3,747 Taxable equivalent adjustment 44 Revenue - TE(1)(2) $ 3,791 Securities (gains) losses 1,447 Loss on RAC loan sale 66 Adjusted revenue - TE(1)(2) $ 5,304

A-6 Non-GAAP reconciliations Adjusted pre-provision net revenue $ in millions (1) PPNR is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes and includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted PPNR is a non-GAAP measure that additionally excludes selected items. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.   Quarter Ended   Sept. 30 2026 Net income $ 799 Provision (benefit) for credit losses (253) Provision for income taxes 96 Taxable-equivalent adjustment 44 PPNR(1) $ 686 Securities (gains) losses 1,447 RAC loan sale impact 106 Adjusted PPNR(1) $ 2,239

A-7 Non-GAAP reconciliations Tangible book value per common share and tangible common equity $ in millions, except per share data, shares data in thousands (1) Calculated using the applicable marginal tax rate. (2) Tangible common equity and related measures are non-GAAP measures that exclude preferred stock and intangible assets, net of deferred taxes. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess balance sheet risk and shareholder value. These measures are not necessarily comparable to similar measures that may be presented by other companies.   As of / Quarter Ended   Sept. 30 June 30 Sept. 30   2026 2026 2025 Total shareholders' equity $ 61,472 $ 64,095 $ 65,646 Preferred stock (5,411) (5,411) (5,907) Common shareholders’ equity (a) $ 56,061 $ 58,684 $ 59,739 Intangible assets (18,223) (18,287) (18,489) Applicable deferred taxes related to intangible assets(1) $ 397 $ 400 $ 413 Tangible common shareholders’ equity(2) (b) $ 38,235 $ 40,797 $ 41,663 Outstanding shares at end of period (c) 1,198,488 1,221,626 1,279,246 Common shareholders’ equity per common share (a)/(c) $ 46.78 $ 48.04 $ 46.70 TBVPS(2) (b)/(c) 31.90 33.40 32.57

A-8 Non-GAAP reconciliations Return on average tangible common equity ratios $ in millions, except per share data, shares data in thousands   As of / Quarter Ended   Sept. 30   2026 Net income available to common shareholders (a) $ 684 Amortization of intangibles 62 Applicable income taxes related to amortization of intangibles(1) (15) Tangible net income available to common shareholders(2) (b) $ 731 Gross adjustments: Securities (gains) losses 1,447 Reserve recapture for RAC loan sale (581) RAC loan sale impact 106 Applicable income taxes related to adjustments:(1) Securities (gains) losses (346) Reserve recapture for RAC loan sale 139 RAC loan sale impact (26) Total adjustments, net of tax (c) $ 739 Adjusted tangible net income available to common shareholders(2) (d) $ 1,470 Average common shareholders’ equity (e) $ 57,899 Average intangible assets (18,258) Applicable deferred taxes related to intangible assets(1) 398 Average tangible common shareholders’ equity(2) (f) $ 40,039 ROCE(3) (a)/(e) 4.7 % Adjusted ROCE(2)(3) (a+c)/(e) 9.8 % ROTCE(2)(3) (b)/(f) 7.2 % Adjusted ROTCE(2)(3) (d)/(f) 14.6 % (1) Calculated using the applicable marginal tax rate. (2) Tangible net income available to common shareholders, average tangible common shareholders’ equity, and ROTCE are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes. Adjusted tangible net income available to common shareholders and adjusted ROTCE are non-GAAP measures that additionally exclude other selected items. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess balance sheet risk and shareholder value. These measures are not necessarily comparable to similar measures that may be presented by other companies. (3) Applicable ratios are annualized.

A-9 Non-GAAP reconciliations Adjusted return on assets $ in millions   As of / Quarter Ended   Sept. 30 2026 Net income (a) $ 799 Gross adjustments: Securities (gains) losses 1,447 Reserve recapture for RAC loan sale (581) RAC loan sale impact 106 Applicable income taxes related to adjustments:(1) Securities (gains) losses (346) Reserve recapture for RAC loan sale 139 RAC loan sale impact (26) Adjusted net income(2) (b) 1,538 Average total assets (c) $ 549,766 ROA(3) (a)/(c) 0.6 % Adjusted ROA(2)(3) (b)/(c) 1.1 % (1) Calculated using the applicable marginal tax rate. (2) Adjusted ROA is a non-GAAP measure in that it excludes selected items. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges. (3) Applicable ratios are annualized.

A-10 Non-GAAP reconciliations Net charge-offs, excluding RAC $ in millions (1) Applicable ratios are annualized. (2) The net charge-off ratio excluding Regional Acceptance Corporation (RAC) is a non-GAAP measure in that it excludes certain loans and the related charge-offs. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results.   Quarter Ended   Sept. 30 2026 Net charge-offs (a) $ 629 Total net charge-offs related to RAC (317) Net charge-offs, excluding RAC (b) $ 312 Average loans and leases (c) $ 325,523 Total average loans related to RAC (3,643) Average loans and leases, excluding RAC (d) $ 321,880 Net charge-off ratio(1) (a)/(c) 0.77 % Net charge-off ratio, excluding RAC(1)(2) (b)/(d) 0.38 %

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