EX-99.23ex992-qpsx2q26.htmEX-99.2 Document
Quarterly Performance Summary
Truist Financial Corporation
Second Quarter 2026
Table of Contents
Quarterly Performance Summary
Truist Financial Corporation
Page
Financial Highlights
1
Consolidated Statements of Income
2
Consolidated Ending Balance Sheets
3
Average Balances and Rates
4
Credit Quality
6
Segment Financial Performance
8
Capital Information
9
Selected Mortgage Banking Information & Additional Information
10
Non-GAAP Reconciliations
11
Financial Highlights
Quarter Ended
Year-to-Date
(Dollars in millions, except per share data, shares in thousands)
June 30
March 31
Dec. 31
Sept. 30
June 30
June 30
June 30
2026
2026
2025
2025
2025
2026
2025
Summary Income Statement
Interest income
$
5,967
$
5,855
$
6,114
$
6,286
$
6,154
$
11,822
$
12,142
Plus: TE adjustment
46
45
49
51
48
91
96
Interest income - TE(1)
6,013
5,900
6,163
6,337
6,202
11,913
12,238
Interest expense
2,346
2,256
2,414
2,657
2,567
4,602
5,048
Net interest income
3,621
3,599
3,700
3,629
3,587
7,220
7,094
Net interest income - TE(1)
3,667
3,644
3,749
3,680
3,635
7,311
7,190
Provision for credit losses
395
479
512
436
488
874
946
Net interest income after provision for credit losses
3,226
3,120
3,188
3,193
3,099
6,346
6,148
Noninterest income
1,644
1,553
1,546
1,558
1,400
3,197
2,792
Noninterest expense
3,055
2,983
3,170
3,014
2,986
6,038
5,892
Income before income taxes
1,815
1,690
1,564
1,737
1,513
3,505
3,048
Provision for income taxes
262
209
210
285
273
471
547
Net income
1,553
1,481
1,354
1,452
1,240
3,034
2,501
Preferred stock dividends and other
34
104
65
104
60
138
164
Net Income available to common shareholders
1,519
1,377
1,289
1,348
1,180
2,896
2,337
Additional Income Statement Information
Revenue
5,265
5,152
5,246
5,187
4,987
10,417
9,886
Revenue - TE(1)
5,311
5,197
5,295
5,238
5,035
10,508
9,982
PPNR(1)
2,256
2,214
2,125
2,224
2,049
4,470
4,090
Key Metrics
Earnings:
Earnings per share-basic
1.24
1.10
1.02
1.05
0.91
2.34
1.80
Earnings per share-diluted
1.23
1.09
1.00
1.04
0.90
2.31
1.78
Cash dividends declared per share
0.52
0.52
0.52
0.52
0.52
1.04
1.04
BVPS
48.04
47.60
47.74
46.70
45.70
TBVPS(1)
33.40
33.19
33.48
32.57
31.63
End of period shares outstanding
1,221,626
1,245,879
1,262,470
1,279,246
1,289,435
Weighted average shares outstanding-basic
1,224,867
1,248,628
1,267,341
1,280,571
1,292,292
1,236,682
1,299,833
Weighted average shares outstanding-diluted
1,239,040
1,266,572
1,285,078
1,296,666
1,305,005
1,252,766
1,314,779
ROA
1.13
%
1.10
%
0.99
%
1.06
%
0.93
%
1.12
%
0.94
%
ROCE
10.4
9.3
8.5
9.0
8.1
9.9
8.1
ROTCE(1)
15.4
13.8
12.7
13.6
12.3
14.6
12.3
NIM - TE(1)
2.98
3.02
3.07
3.01
3.02
3.00
3.02
Efficiency ratio
58.0
57.9
60.4
58.1
59.9
58.0
59.6
Credit Quality
Nonperforming loans and leases as a percentage of loans and leases HFI
0.51
%
0.50
%
0.48
%
0.48
%
0.39
%
NCO as a percentage of average loans and leases HFI
0.50
0.61
0.57
0.48
0.51
0.56
%
0.55
%
ALLL as a percentage of loans and leases HFI
1.51
1.53
1.53
1.54
1.54
Ratio of ALLL to nonperforming loans and leases HFI
2.9x
3.1x
3.2x
3.2x
3.9x
Average Balances
Assets
$
550,465
$
544,121
$
542,233
$
541,825
$
537,069
$
547,311
$
534,365
Securities(2)
118,138
116,118
117,707
119,180
121,829
117,134
122,939
Loans and leases
331,749
328,972
326,737
322,070
313,841
330,368
310,702
Deposits
404,869
398,924
396,010
396,600
400,483
401,913
396,366
Common shareholders’ equity
58,616
59,879
59,991
59,141
58,327
59,244
58,227
Total shareholders’ equity
63,788
64,794
65,338
65,049
64,235
64,289
64,135
Period-End Balances
Assets
$
556,023
$
548,975
$
547,538
$
543,851
$
543,833
Securities(2)
114,002
111,866
112,228
113,544
115,363
Loans and leases
332,273
331,412
330,478
325,663
319,999
Deposits
409,379
404,081
400,398
394,907
406,122
Common shareholders’ equity
58,684
59,298
60,273
59,739
58,933
Total shareholders’ equity
64,095
64,214
65,189
65,646
64,840
Capital and Liquidity Ratios
(preliminary)
Common equity tier 1
10.9
%
10.8
%
10.8
%
11.0
%
11.0
%
Tier 1
12.2
11.9
11.9
12.3
12.3
Total
14.0
13.7
13.8
14.2
14.3
Leverage
9.8
9.9
10.0
10.2
10.2
Supplementary leverage
8.2
8.3
8.3
8.5
8.5
Liquidity coverage ratio
113
110
111
110
110
Applicable ratios are annualized.
(1)Represents a non-GAAP measure. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in the Non-GAAP Reconciliations section of this Quarterly Performance Summary or within the table above for TE measures. Net interest margin –TE is calculated using net interest income on a TE basis to determine the total yield on interest-earning assets.
(2)Includes AFS and HTM securities. Average balances reflect AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.
- 1 -
Consolidated Statements of Income
Quarter Ended
Year-to-Date
June 30
March 31
Dec. 31
Sept. 30
June 30
June 30
June 30
(Dollars in millions, except per share data, shares in thousands)
2026
2026
2025
2025
2025
2026
2025
Interest Income
Interest and fees on loans and leases
$
4,659
$
4,599
$
4,778
$
4,816
$
4,657
$
9,258
$
9,150
Interest on securities
871
849
896
941
961
1,720
1,936
Interest on other earning assets
437
407
440
529
536
844
1,056
Total interest income
5,967
5,855
6,114
6,286
6,154
11,822
12,142
Interest Expense
Interest on deposits
1,575
1,525
1,633
1,835
1,844
3,100
3,580
Interest on long-term debt
485
445
481
523
431
930
840
Interest on other borrowings
286
286
300
299
292
572
628
Total interest expense
2,346
2,256
2,414
2,657
2,567
4,602
5,048
Net Interest Income
3,621
3,599
3,700
3,629
3,587
7,220
7,094
Provision for credit losses
395
479
512
436
488
874
946
Net Interest Income After Provision for Credit Losses
3,226
3,120
3,188
3,193
3,099
6,346
6,148
Noninterest Income
Wealth management income
375
370
365
374
348
745
692
Card and treasury management fees
353
338
336
340
351
691
684
Investment banking and trading income
352
372
335
323
205
724
478
Other deposit revenue
120
120
121
125
108
240
225
Mortgage banking income
116
133
119
118
107
249
215
Lending related fees
120
118
98
103
99
238
194
Securities gains (losses)
—
—
—
—
(18)
—
(19)
Other income
208
102
172
175
200
310
323
Total noninterest income
1,644
1,553
1,546
1,558
1,400
3,197
2,792
Noninterest Expense
Personnel expense
1,792
1,727
1,818
1,748
1,678
3,519
3,282
Professional fees and outside processing
335
313
337
346
373
648
737
Software expense
239
230
242
233
231
469
461
Net occupancy expense
171
179
176
185
181
350
349
Equipment expense
79
85
90
90
89
164
171
Marketing and customer development
91
79
63
79
82
170
157
Amortization of intangibles
63
64
70
72
73
127
148
Regulatory costs
61
68
7
32
55
129
124
Other expense
224
238
367
229
224
462
463
Total noninterest expense
3,055
2,983
3,170
3,014
2,986
6,038
5,892
Earnings
Income before income taxes
1,815
1,690
1,564
1,737
1,513
3,505
3,048
Provision for income taxes
262
209
210
285
273
471
547
Net income
1,553
1,481
1,354
1,452
1,240
3,034
2,501
Preferred stock dividends and other
34
104
65
104
60
138
164
Net income available to common shareholders
$
1,519
$
1,377
$
1,289
$
1,348
$
1,180
$
2,896
$
2,337
Earnings Per Common Share
Earnings per share-basic
1.24
1.10
1.02
1.05
0.91
2.34
1.80
Earnings per share-diluted
1.23
1.09
1.00
1.04
0.90
2.31
1.78
Weighted Average Shares Outstanding
Basic
1,224,867
1,248,628
1,267,341
1,280,571
1,292,292
1,236,682
1,299,833
Diluted
1,239,040
1,266,572
1,285,078
1,296,666
1,305,005
1,252,766
1,314,779
- 2 -
Consolidated Ending Balance Sheets - Five Quarter Trend
June 30
March 31
Dec. 31
Sept. 30
June 30
(Dollars in millions)
2026
2026
2025
2025
2025
Assets
Cash and due from banks
$
4,707
$
4,294
$
4,967
$
4,329
$
5,157
Interest-bearing deposits with banks
34,581
31,903
31,410
32,523
36,294
Securities borrowed or purchased under agreements to resell
4,431
4,047
3,200
2,981
2,656
Trading assets at fair value
5,288
5,235
5,790
5,731
5,963
AFS securities at fair value
67,651
65,430
65,042
65,522
66,390
HTM securities at amortized cost
46,351
46,436
47,186
48,022
48,973
Loans and leases:
Commercial:
Commercial and industrial
168,826
169,247
167,808
163,607
162,273
CRE
25,479
24,447
23,720
22,414
20,270
Commercial construction
7,372
7,620
7,783
8,027
8,277
Consumer:
Residential mortgage
56,632
56,297
56,807
57,623
57,828
Home equity
9,677
9,633
9,719
9,618
9,591
Indirect auto
23,840
25,054
25,659
25,490
24,558
Other consumer
33,164
32,097
32,181
32,070
31,122
Credit card
4,806
4,843
4,918
4,889
4,877
Total loans and leases held for investment
329,796
329,238
328,595
323,738
318,796
Loans held for sale
2,477
2,174
1,883
1,925
1,203
Total loans and leases
332,273
331,412
330,478
325,663
319,999
Allowance for loan and lease losses
(4,983)
(5,026)
(5,030)
(4,988)
(4,899)
Premises and equipment
3,177
3,145
3,172
3,176
3,197
Goodwill
17,125
17,125
17,125
17,125
17,125
Core deposit and other intangible assets
1,130
1,192
1,256
1,328
1,399
Loan servicing rights at fair value
4,293
4,112
3,972
3,776
3,612
Other assets
39,999
39,670
38,970
38,663
37,967
Total assets
$
556,023
$
548,975
$
547,538
$
543,851
$
543,833
Liabilities
Deposits:
Noninterest-bearing deposits
$
104,341
$
105,460
$
105,092
$
106,197
$
106,442
Interest checking
130,421
123,257
117,830
109,827
118,122
Money market and savings
133,688
135,702
139,044
135,931
133,891
Time deposits
40,929
39,662
38,432
42,952
47,667
Total deposits
409,379
404,081
400,398
394,907
406,122
Short-term borrowings
26,885
27,441
27,839
29,376
16,631
Long-term debt
42,976
41,622
41,963
41,729
44,427
Other liabilities
12,688
11,617
12,149
12,193
11,813
Total liabilities
491,928
484,761
482,349
478,205
478,993
Shareholders’ Equity:
Preferred stock
5,411
4,916
4,916
5,907
5,907
Common stock
6,108
6,229
6,312
6,396
6,447
Additional paid-in capital
31,616
32,610
33,663
34,278
34,620
Retained earnings
27,676
26,796
26,067
25,438
24,759
Accumulated other comprehensive loss
(6,716)
(6,337)
(5,769)
(6,373)
(6,893)
Total shareholders’ equity
64,095
64,214
65,189
65,646
64,840
Total liabilities and shareholders’ equity
$
556,023
$
548,975
$
547,538
$
543,851
$
543,833
- 3 -
Average Balances and Rates - Quarters
Quarter Ended
June 30, 2026
March 31, 2026
December 31, 2025
September 30, 2025
June 30, 2025
(Dollars in millions)
Average Balances(1)
Income/ Expense(2)
Yields/ Rates(2)
Average Balances(1)
Income/ Expense(2)
Yields/ Rates(2)
Average Balances(1)
Income/ Expense(2)
Yields/ Rates(2)
Average Balances(1)
Income/ Expense(2)
Yields/ Rates(2)
Average Balances(1)
Income/ Expense(2)
Yields/ Rates(2)
Assets
AFS and HTM securities at amortized cost:
U.S. Treasury
$
13,454
$
145
4.32
%
$
13,138
$
145
4.48
%
$
13,275
$
162
4.82
%
$
13,351
$
174
5.18
%
$
14,034
$
181
5.20
%
GSE
464
4
3.84
474
5
3.98
478
4
3.80
458
4
3.86
463
5
3.73
Agency MBS
103,367
717
2.78
102,089
696
2.73
103,591
727
2.81
104,998
760
2.89
106,947
772
2.89
States and political subdivisions
347
4
4.27
347
3
4.30
349
4
4.27
358
3
4.19
370
4
4.20
Other
506
3
2.12
70
—
1.65
14
—
4.42
15
1
4.50
15
—
4.53
Total securities
118,138
873
2.96
116,118
849
2.93
117,707
897
3.04
119,180
942
3.16
121,829
962
3.16
Loans and leases:
Commercial:
Commercial and industrial
168,817
2,211
5.25
166,636
2,179
5.30
163,990
2,267
5.49
162,207
2,312
5.66
158,491
2,262
5.72
CRE
24,938
349
5.56
24,165
339
5.64
23,205
354
5.99
21,171
336
6.25
19,687
308
6.22
Commercial construction
7,455
112
6.18
7,845
117
6.21
8,015
129
6.52
8,258
139
6.84
8,613
144
6.85
Consumer:
Residential mortgage
56,342
585
4.15
56,458
582
4.13
57,100
589
4.13
57,676
598
4.15
56,789
579
4.08
Home equity
9,656
169
7.02
9,666
167
6.99
9,679
176
7.24
9,588
182
7.51
9,586
178
7.47
Indirect auto
24,430
429
7.06
25,342
443
7.08
25,639
469
7.27
24,964
459
7.29
24,158
441
7.32
Other consumer
32,661
679
8.33
32,053
662
8.38
32,181
677
8.35
31,714
668
8.36
30,387
634
8.37
Credit card
4,863
133
10.93
4,857
129
10.79
4,956
136
10.89
4,915
146
11.74
4,890
139
11.35
Total loans and leases held for investment
329,162
4,667
5.68
327,022
4,618
5.71
324,765
4,797
5.87
320,493
4,840
6.00
312,601
4,685
6.01
Loans held for sale
2,587
35
5.54
1,950
26
5.24
1,972
28
5.64
1,577
24
6.18
1,240
19
6.15
Total loans and leases
331,749
4,702
5.68
328,972
4,644
5.71
326,737
4,825
5.87
322,070
4,864
6.00
313,841
4,704
6.01
Interest earning trading assets
5,618
75
5.32
5,807
74
5.09
6,015
82
5.38
5,991
86
5.70
5,896
88
5.98
Other earning assets(3)
36,956
363
3.89
35,457
333
3.77
34,138
359
4.13
38,765
445
4.50
39,417
448
4.51
Total earning assets
492,461
6,013
4.89
486,354
5,900
4.90
484,597
6,163
5.05
486,006
6,337
5.18
480,983
6,202
5.16
Nonearning assets
58,004
57,767
57,636
55,819
56,086
Total assets
$
550,465
$
544,121
$
542,233
$
541,825
$
537,069
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking
$
123,556
652
2.12
$
120,110
619
2.09
$
112,313
618
2.18
$
109,244
677
2.46
$
116,193
726
2.51
Money market and savings
136,423
608
1.79
136,106
609
1.81
138,114
677
1.95
136,515
755
2.19
135,607
751
2.22
Time deposits
41,270
315
3.06
39,337
297
3.06
40,031
338
3.35
45,090
403
3.54
41,997
367
3.50
Total interest-bearing deposits
301,249
1,575
2.10
295,553
1,525
2.09
290,458
1,633
2.23
290,849
1,835
2.50
293,797
1,844
2.52
Short-term borrowings
28,893
286
3.97
30,669
286
3.78
29,128
300
4.08
26,796
299
4.42
26,241
292
4.47
Long-term debt
40,640
485
4.77
37,141
445
4.80
39,138
481
4.91
41,458
523
5.04
34,213
431
5.02
Total interest-bearing liabilities
370,782
2,346
2.54
363,363
2,256
2.51
358,724
2,414
2.67
359,103
2,657
2.94
354,251
2,567
2.91
Noninterest-bearing deposits
103,620
103,371
105,552
105,751
106,686
Other liabilities
12,275
12,593
12,619
11,922
11,897
Shareholders’ equity
63,788
64,794
65,338
65,049
64,235
Total liabilities and shareholders’ equity
$
550,465
$
544,121
$
542,233
$
541,825
$
537,069
Average interest-rate spread
2.35
2.39
2.38
2.24
2.25
Net interest income / net interest margin -TE(2)
$
3,667
2.98
%
$
3,644
3.02
%
$
3,749
3.07
%
$
3,680
3.01
%
$
3,635
3.02
%
TE adjustment(2)
46
45
49
51
48
Net interest income
$
3,621
$
3,599
$
3,700
$
3,629
$
3,587
Memo: Total deposits
$
404,869
1,575
1.56
%
$
398,924
1,525
1.55
%
$
396,010
1,633
1.64
%
$
396,600
1,835
1.84
%
$
400,483
1,844
1.85
%
(1)Represents daily average balances. Unrealized gains and losses on AFS securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.
(2)Amounts related to interest income and yields are on a TE basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends. A reconciliation of net interest income - TE to net interest income is included within the table above. NIM – TE is calculated using net interest income on a TE basis to determine the total yield on interest-earning assets.
(3)Includes cash equivalents, interest-bearing deposits with banks, FHLB stock, and other earning assets.
- 4 -
Average Balances and Rates - Year-To-Date
Year-to-Date
June 30, 2026
June 30, 2025
(Dollars in millions)
Average Balances(1)
Income/Expense(2)
Yields/ Rates(2)
Average Balances(1)
Income/Expense(2)
Yields/ Rates(2)
Assets
AFS and HTM securities at amortized cost:
U.S. Treasury
$
13,297
$
290
4.40
%
$
14,448
$
372
5.19
%
GSE
469
9
3.91
462
9
3.74
Agency MBS
102,732
1,413
2.75
107,643
1,549
2.88
States and political subdivisions
347
7
4.29
370
8
4.20
Other
289
3
2.06
16
—
4.63
Total securities
117,134
1,722
2.95
122,939
1,938
3.16
Loans and leases:
Commercial:
Commercial and industrial
167,732
4,390
5.27
156,861
4,446
5.71
CRE
24,554
688
5.60
19,759
610
6.17
Commercial construction
7,649
229
6.20
8,673
289
6.84
Consumer:
Residential mortgage
56,400
1,167
4.14
56,226
1,141
4.06
Home equity
9,661
336
7.00
9,578
355
7.47
Indirect auto
24,884
872
7.07
23,705
853
7.26
Other consumer
32,358
1,341
8.36
29,843
1,236
8.35
Credit card
4,860
262
10.86
4,870
277
11.47
Total loans and leases held for investment
328,098
9,285
5.70
309,515
9,207
5.99
Loans held for sale
2,270
61
5.40
1,187
36
6.04
Total loans and leases
330,368
9,346
5.70
310,702
9,243
5.99
Interest earning trading assets
5,712
149
5.20
5,763
168
5.85
Other earning assets(3)
36,210
696
3.83
39,208
889
4.52
Total earning assets
489,424
11,913
4.89
478,612
12,238
5.14
Nonearning assets
57,887
55,753
Total assets
$
547,311
$
534,365
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking
$
121,843
1,271
2.10
$
112,720
1,366
2.44
Money market and savings
136,265
1,217
1.80
136,249
1,494
2.21
Time deposits
40,309
612
3.06
41,104
720
3.53
Total interest-bearing deposits
298,417
3,100
2.09
290,073
3,580
2.49
Short-term borrowings
29,776
572
3.87
28,275
628
4.48
Long-term debt
38,900
930
4.79
33,320
840
5.04
Total interest-bearing liabilities
367,093
4,602
2.52
351,668
5,048
2.89
Noninterest-bearing deposits
103,496
106,293
Other liabilities
12,433
12,269
Shareholders’ equity
64,289
64,135
Total liabilities and shareholders’ equity
$
547,311
$
534,365
Average interest-rate spread
2.37
2.25
Net interest income / net interest margin - taxable equivalent
$
7,311
3.00
%
$
7,190
3.02
%
Taxable-equivalent adjustment
91
96
Net interest income
$
7,220
$
7,094
Memo: Total deposits
$
401,913
3,100
1.56
%
$
396,366
3,580
1.82
%
(1)Represents daily average balances. Unrealized gains and losses on AFS securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.
(2)Amounts related to interest income and yields are on a TE basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends. A reconciliation of net interest income - TE to net interest income is included within the table above. NIM – TE is calculated using net interest income on a TE basis to determine the total yield on interest-earning assets.
(3)Includes cash equivalents, interest-bearing deposits with banks, FHLB stock, and other earning assets.
- 5 -
Credit Quality
June 30
March 31
Dec. 31
Sept. 30
June 30
(Dollars in millions)
2026
2026
2025
2025
2025
Nonperforming Assets
Nonaccrual loans and leases:
Commercial:
Commercial and industrial
$
657
$
738
$
839
$
800
$
520
CRE
43
21
47
98
128
Commercial construction
22
23
41
42
1
Consumer:
Residential mortgage
231
231
213
196
191
Home equity
98
101
99
103
107
Indirect auto
569
455
267
247
240
Other consumer
72
73
71
66
64
Total nonaccrual loans and leases held for investment
1,692
1,642
1,577
1,552
1,251
Loans held for sale
—
79
—
19
12
Total nonaccrual loans and leases
1,692
1,721
1,577
1,571
1,263
Foreclosed real estate
5
6
3
4
4
Other foreclosed property
51
58
53
54
49
Total nonperforming assets
$
1,748
$
1,785
$
1,633
$
1,629
$
1,316
Loans 90 Days or More Past Due and Still Accruing
Commercial:
Commercial and industrial
$
2
$
4
$
3
$
3
$
2
CRE
3
—
—
—
—
Consumer:
Residential mortgage - government guaranteed
560
609
532
438
424
Residential mortgage - nonguaranteed
33
39
38
41
41
Home equity
8
7
7
6
6
Other consumer
25
26
28
27
24
Credit card
67
75
76
69
49
Total loans 90 days past due and still accruing
$
698
$
760
$
684
$
584
$
546
Loans 30-89 Days Past Due and Still Accruing
Commercial:
Commercial and industrial
$
142
$
260
$
127
$
73
$
122
CRE
95
42
25
6
34
Commercial construction
—
10
36
5
15
Consumer:
Residential mortgage - government guaranteed
311
263
329
327
330
Residential mortgage - nonguaranteed
354
293
357
344
365
Home equity
52
57
69
54
54
Indirect auto
521
508
679
620
582
Other consumer
232
240
281
241
239
Credit card
67
70
77
73
70
Total loans 30-89 days past due and still accruing
$
1,774
$
1,743
$
1,980
$
1,743
$
1,811
As of/For the Quarter Ended
June 30
March 31
Dec. 31
Sept. 30
June 30
2026
2026
2025
2025
2025
Asset Quality Ratios
Nonperforming loans and leases as a percentage of loans and leases
0.51
%
0.50
%
0.48
%
0.48
%
0.39
%
Nonperforming loans and leases(1) as a percentage of total loans and leases(1)
0.51
0.52
0.48
0.48
0.39
Nonperforming assets(1) as a percentage of total assets
0.31
0.33
0.30
0.30
0.24
Nonperforming assets as a percentage of loans and leases plus foreclosed property
0.53
0.52
0.50
0.50
0.41
Loans 90 days or more past due and still accruing as a percentage of loans and leases
0.21
0.23
0.21
0.18
0.17
Loans 90 days or more past due and still accruing as a percentage of loans and leases, excluding government guaranteed loans
0.04
0.05
0.05
0.05
0.04
Loans 30-89 days past due and still accruing as a percentage of loans and leases
0.54
0.53
0.60
0.54
0.57
Allowance for loan and lease losses as a percentage of loans and leases
1.51
1.53
1.53
1.54
1.54
Ratio of allowance for loan and lease losses to:
Net charge-offs (annualized)
3.0X
2.5X
2.7X
3.3X
3.1X
Nonperforming loans and leases
2.9X
3.1X
3.2X
3.2X
3.9X
(1)Nonperforming assets and total loans and leases include loans held for sale.
As of/For the Year-to-Date
Period Ended June 30
2026
2025
Asset Quality Ratios
Net charge-offs as a percentage of average loans and leases
0.56
%
0.55
%
Ratio of allowance for loan and lease losses to net charge-offs
2.7X
2.9X
Applicable ratios are annualized.
- 6 -
As of/For the Quarter Ended
As of/For the Year-to-Date
June 30
March 31
Dec. 31
Sept. 30
June 30
Period Ended June 30
(Dollars in millions)
2026
2026
2025
2025
2025
2026
2025
Allowance for Credit Losses
Beginning balance
$
5,335
$
5,347
$
5,305
$
5,253
$
5,166
$
5,347
$
5,161
Provision for credit losses
395
479
512
436
488
874
946
Charge-offs:
Commercial:
Commercial and industrial
(137)
(142)
(141)
(98)
(120)
(279)
(222)
CRE
(1)
(7)
(14)
(25)
(38)
(8)
(108)
Commercial construction
(1)
(17)
—
—
—
(18)
—
Consumer:
Residential mortgage
(1)
(1)
(3)
(1)
(1)
(2)
(2)
Home equity
(3)
(3)
(2)
(2)
(4)
(6)
(6)
Indirect auto
(135)
(158)
(160)
(150)
(127)
(293)
(281)
Other consumer
(168)
(184)
(178)
(155)
(146)
(352)
(300)
Credit card
(70)
(71)
(67)
(49)
(70)
(141)
(144)
Total charge-offs
(516)
(583)
(565)
(480)
(506)
(1,099)
(1,063)
Recoveries:
Commercial:
Commercial and industrial
22
16
23
20
31
38
55
CRE
1
3
6
2
3
4
10
Commercial construction
1
1
1
—
1
2
1
Consumer:
Residential mortgage
1
2
1
2
—
3
2
Home equity
3
3
3
5
4
6
8
Indirect auto
29
25
24
25
28
54
53
Other consumer
35
33
28
31
31
68
61
Credit card
10
9
9
10
12
19
23
Total recoveries
102
92
95
95
110
194
213
Net charge-offs
(414)
(491)
(470)
(385)
(396)
(905)
(850)
Other
—
—
—
1
(5)
—
(4)
Ending balance
$
5,316
$
5,335
$
5,347
$
5,305
$
5,253
$
5,316
$
5,253
Allowance for Credit Losses:
Allowance for loan and lease losses
$
4,983
$
5,026
$
5,030
$
4,988
$
4,899
Reserve for unfunded lending commitments
333
309
317
317
354
Allowance for credit losses
$
5,316
$
5,335
$
5,347
$
5,305
$
5,253
Quarter Ended
As of/For the Year-to-Date
June 30
March 31
Dec. 31
Sept. 30
June 30
Period Ended June 30
2026
2026
2025
2025
2025
2026
2025
Net Charge-offs as a Percentage of Average Loans and Leases:
Commercial:
Commercial and industrial
0.27
%
0.31
%
0.29
%
0.19
%
0.22
%
0.29
%
0.21
%
CRE
—
0.06
0.14
0.44
0.71
0.03
1.00
Commercial construction
(0.01)
0.84
(0.04)
(0.03)
(0.02)
0.42
(0.02)
Consumer:
Residential mortgage
—
(0.01)
0.01
—
—
—
—
Home equity
0.02
(0.02)
(0.04)
(0.11)
(0.04)
—
(0.05)
Indirect auto
1.73
2.14
2.10
1.99
1.63
1.94
1.94
Other consumer
1.63
1.91
1.84
1.55
1.54
1.77
1.62
Credit card
4.97
5.15
4.64
3.13
4.84
5.06
5.02
Total loans and leases
0.50
0.61
0.57
0.48
0.51
0.56
0.55
Ratios are annualized.
- 7 -
Segment Financial Performance - Preliminary
Quarter Ended
June 30
March 31
Dec. 31
Sept. 30
June 30
(Dollars in millions)
2026
2026
2025
2025
2025
Consumer and Small Business Banking
Net interest income (expense)
$
1,624
$
1,605
$
1,622
$
1,570
$
1,496
Net intersegment interest income (expense)
980
889
863
851
828
Segment net interest income (expense)
2,604
2,494
2,485
2,421
2,324
Allocated provision for credit losses
307
374
431
400
384
Noninterest income
530
528
521
530
519
Personnel expense
443
433
443
449
434
Amortization of intangibles
33
34
37
38
39
Other direct noninterest expense
312
293
288
281
286
Direct noninterest expense
788
760
768
768
759
Expense allocations
933
920
934
936
940
Total noninterest expense
1,721
1,680
1,702
1,704
1,699
Income (loss) before income taxes
1,106
968
873
847
760
Provision (benefit) for income taxes
271
238
212
207
186
Segment net income (loss)
$
835
$
730
$
661
$
640
$
574
Wholesale Banking
Net interest income (expense)
$
1,942
$
1,922
$
2,018
$
2,030
$
1,872
Net intersegment interest income (expense)
(411)
(414)
(402)
(452)
(306)
Segment net interest income (expense)
1,531
1,508
1,616
1,578
1,566
Allocated provision for credit losses
90
105
82
36
104
Noninterest income
1,158
1,069
1,134
1,142
941
Personnel expense
626
612
668
598
574
Amortization of intangibles
30
30
33
34
34
Other direct noninterest expense
200
187
188
199
202
Direct noninterest expense
856
829
889
831
810
Expense allocations
528
520
465
485
519
Total noninterest expense
1,384
1,349
1,354
1,316
1,329
Income (loss) before income taxes
1,215
1,123
1,314
1,368
1,074
Provision (benefit) for income taxes
255
232
272
284
213
Segment net income (loss)
$
960
$
891
$
1,042
$
1,084
$
861
Other, Treasury & Corporate(1)
Net interest income (expense)
$
55
$
72
$
60
$
29
$
219
Net intersegment interest income (expense)
(569)
(475)
(461)
(399)
(522)
Segment net interest income (expense)
(514)
(403)
(401)
(370)
(303)
Allocated provision for credit losses
(2)
—
(1)
—
—
Noninterest income
(44)
(44)
(109)
(114)
(60)
Personnel expense
723
682
707
701
670
Amortization of intangibles
—
—
—
—
—
Other direct noninterest expense
688
712
806
714
747
Direct Noninterest Expense
1,411
1,394
1,513
1,415
1,417
Expense Allocations
(1,461)
(1,440)
(1,399)
(1,421)
(1,459)
Total noninterest expense
(50)
(46)
114
(6)
(42)
Income (loss) before income taxes
(506)
(401)
(623)
(478)
(321)
Provision (benefit) for income taxes
(264)
(261)
(274)
(206)
(126)
Segment net income (loss)
$
(242)
$
(140)
$
(349)
$
(272)
$
(195)
Total Truist Financial Corporation
Net interest income (expense)
$
3,621
$
3,599
$
3,700
$
3,629
$
3,587
Net intersegment interest income (expense)
—
—
—
—
—
Segment net interest income (expense)
3,621
3,599
3,700
3,629
3,587
Allocated provision for credit losses
395
479
512
436
488
Noninterest income
1,644
1,553
1,546
1,558
1,400
Personnel expense
1,792
1,727
1,818
1,748
1,678
Amortization of intangibles
63
64
70
72
73
Other direct noninterest expense
1,200
1,192
1,282
1,194
1,235
Direct Noninterest Expense
3,055
2,983
3,170
3,014
2,986
Expense Allocations
—
—
—
—
—
Total noninterest expense
3,055
2,983
3,170
3,014
2,986
Income before income taxes
1,815
1,690
1,564
1,737
1,513
Provision for income taxes
262
209
210
285
273
Net income
$
1,553
$
1,481
$
1,354
$
1,452
$
1,240
(1)Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.
- 8 -
Capital Information - Five Quarter Trend
As of/For the Quarter Ended
June 30
March 31
Dec. 31
Sept. 30
June 30
(Dollars in millions, except per share data, shares in thousands)
2026
2026
2025
2025
2025
Selected Capital Information
(preliminary)
Risk-based capital:
Common equity tier 1
$
47,488
$
47,683
$
48,027
$
48,031
$
47,678
Tier 1
52,896
52,596
52,940
53,935
53,582
Total
60,707
60,470
61,255
62,377
62,119
Risk-weighted assets
434,799
440,333
443,257
438,114
434,609
Average quarterly assets for leverage ratio
537,658
530,908
529,156
529,861
525,567
Average quarterly assets for supplementary leverage ratio
645,213
636,907
635,249
635,076
626,855
Risk-based capital ratios:
Common equity tier 1
10.9
%
10.8
%
10.8
%
11.0
%
11.0
%
Tier 1
12.2
11.9
11.9
12.3
12.3
Total
14.0
13.7
13.8
14.2
14.3
Leverage capital ratio
9.8
9.9
10.0
10.2
10.2
Supplementary leverage
8.2
8.3
8.3
8.5
8.5
Common equity per common share
$
48.04
$
47.60
$
47.74
$
46.70
$
45.70
- 9 -
Selected Mortgage Banking Information & Additional Information
As of/For the Quarter Ended
June 30
March 31
Dec. 31
Sept. 30
June 30
(Dollars in millions, except per share data)
2026
2026
2025
2025
2025
Mortgage Banking Income
Residential mortgage income:
Residential mortgage production revenue
$
24
$
27
$
26
$
22
$
25
Residential mortgage servicing income:
Residential mortgage servicing income before MSR valuation
70
82
77
74
72
Net MSRs valuation
5
9
1
9
1
Total residential mortgage servicing income
75
91
78
83
73
Total residential mortgage income
99
118
104
105
98
Commercial mortgage income:
Commercial mortgage production revenue
7
12
12
10
6
Commercial mortgage servicing income:
Commercial mortgage servicing income before MSR valuation
5
3
2
4
3
Net MSRs valuation
5
—
1
(1)
—
Total commercial mortgage servicing income
10
3
3
3
3
Total commercial mortgage income
17
15
15
13
9
Total mortgage banking income
$
116
$
133
$
119
$
118
$
107
Other Mortgage Banking Information
Residential mortgage loan originations
$
6,824
$
5,137
$
4,551
$
4,743
$
5,855
Residential mortgage servicing portfolio:(1)
Loans serviced for others
240,764
233,870
228,383
221,274
213,002
Bank-owned loans serviced
57,894
57,386
57,583
58,396
57,748
Total servicing portfolio
298,658
291,256
285,966
279,670
270,750
Weighted-average coupon rate on mortgage loans serviced for others
3.79
%
3.77
%
3.77
%
3.75
%
3.70
%
Weighted-average servicing fee on mortgage loans serviced for others
0.29
0.29
0.28
0.28
0.28
Additional Information
Brokered deposits(2)
$
26,812
$
28,488
$
29,835
$
28,423
$
30,008
NQDCP income (expense):(3)
Interest income
$
—
$
(6)
$
4
$
1
$
—
Other income
31
(7)
(1)
17
21
Personnel expense
(31)
13
(3)
(18)
(21)
Total NQDCP income (expense)
$
—
$
—
$
—
$
—
$
—
Common stock prices:
High
$
52.11
$
56.20
$
50.86
$
47.46
$
43.25
Low
45.83
43.13
40.78
41.98
33.56
End of period
49.82
45.97
49.21
45.72
42.99
Banking offices
1,927
1,927
1,927
1,927
1,927
ATMs
2,820
2,826
2,829
2,837
2,847
Full-time equivalent teammates(4)
37,849
37,877
38,062
38,534
37,996
(1)Amounts reported are unpaid principal balance.
(2)Amounts represented in interest checking, money market and savings, and time deposits.
(3)Relates to plans where Truist holds assets in proportion to participant elections.
(4)Full-time equivalent teammates represents an average for the quarter.
- 10 -
Non-GAAP Reconciliations
Pre-Provision Net Revenue
Quarter Ended
Year-to-Date
June 30
March 31
Dec. 31
Sept. 30
June 30
June 30
June 30
(Dollars in millions)
2026
2026
2025
2025
2025
2026
2025
Net income
$
1,553
$
1,481
$
1,354
$
1,452
$
1,240
$
3,034
$
2,501
Provision for credit losses
395
479
512
436
488
874
946
Provision for income taxes
262
209
210
285
273
471
547
Taxable-equivalent adjustment
46
45
49
51
48
91
96
Pre-provision net revenue(1)
$
2,256
$
2,214
$
2,125
$
2,224
$
2,049
$
4,470
$
4,090
(1)Pre-provision net revenue is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.
Return on Average Tangible Common Shareholders’ Equity
Quarter Ended
Year-to-Date
June 30
March 31
Dec. 31
Sept. 30
June 30
June 30
June 30
(Dollars in millions)
2026
2026
2025
2025
2025
2026
2025
Net income available to common shareholders
$
1,519
$
1,377
$
1,289
$
1,348
$
1,180
$
2,896
$
2,337
Amortization of intangibles
63
64
70
72
73
127
148
Applicable income taxes related to the amortization of intangibles(2)
(15)
(15)
(16)
(18)
(17)
(30)
(35)
Tangible net income available to common shareholders(1)
$
1,567
$
1,426
$
1,343
$
1,402
$
1,236
$
2,993
$
2,450
Average common shareholders’ equity
$
58,616
$
59,879
$
59,991
$
59,141
$
58,327
$
59,244
$
58,227
Average intangible assets
(18,321)
(18,386)
(18,456)
(18,528)
(18,590)
(18,353)
(18,630)
Applicable deferred taxes related to intangible assets(2)
401
404
409
415
417
402
420
Average tangible common shareholders’ equity(1)
$
40,696
$
41,897
$
41,944
$
41,028
$
40,154
$
41,293
$
40,017
Return on average common shareholders’ equity
10.4
%
9.3
%
8.5
%
9.0
%
8.1
%
9.9
%
8.1
%
Return on average tangible common shareholders’ equity(1)
15.4
13.8
12.7
13.6
12.3
14.6
12.3
(1)Tangible net income available to common shareholders, average tangible common shareholders’ equity, and return on average tangible common shareholders' equity are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess balance sheet risk and shareholder value. These measures are not necessarily comparable to similar measures that may be presented by other companies.
(2)Calculated using the applicable marginal tax rate.
Tangible Book Value per Common Share
June 30
March 31
Dec. 31
Sept. 30
June 30
(Dollars in millions, except per share data, shares in thousands)
2026
2026
2025
2025
2025
Calculations of Tangible Common Equity and Related Measures:(1)
Total shareholders’ equity
$
64,095
$
64,214
$
65,189
$
65,646
$
64,840
Preferred stock
(5,411)
(4,916)
(4,916)
(5,907)
(5,907)
Common shareholders’ equity
58,684
59,298
60,273
59,739
58,933
Intangible assets
(18,287)
(18,350)
(18,416)
(18,489)
(18,561)
Applicable deferred taxes related to intangible assets(2)
400
403
407
413
418
Tangible common equity
$
40,797
$
41,351
$
42,264
$
41,663
$
40,790
Outstanding shares at end of period
1,221,626
1,245,879
1,262,470
1,279,246
1,289,435
Common equity per common share
$
48.04
$
47.60
$
47.74
$
46.70
$
45.70
Tangible common equity per common share
33.40
33.19
33.48
32.57
31.63
(1)Tangible common equity and related measures are non-GAAP measures that exclude preferred stock and intangible assets, net of deferred taxes. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess balance sheet risk and shareholder value. These measures are not necessarily comparable to similar measures that may be presented by other companies.
(2)Calculated using the applicable marginal tax rate.
- 11 -
Mentions · how they’re counted
| Category | Underlined | Word counter | Model’s count |
|---|---|---|---|
| AI AI, artificial intelligence, generative AI, machine learning, large language model, LLM | 0 | 0 | 0 |
| Layoffs layoffs, RIF, headcount reduction, workforce optimization, restructuring | 0 | — | 0 |
| Recession recession, downturn, contraction, slowdown | 0 | 0 | 0 |
| Tariffs tariff, trade war, trade barriers, trade restrictions, trade policy | 0 | 0 | 0 |
| Buybacks share repurchase, buyback program | 0 | — | 0 |
Underlines use the same word lists the scores use. AI, recession and tariffs follow Palanor’s word counter, so those counts match it exactly on the same text. Layoffs and buybacks use the terms the model was given. The model’s count is an estimate by meaning, not by string, so it can differ from the underlines.
Not placed in the text
These quotes are stored with a score, but no passage here matches them closely enough to highlight. Rather than point at the wrong passage, they are listed as stored.
Theme · Net Interest Income Stability
“Net interest income was $3,621 million for the quarter ended June 30, 2026.”
Theme · Credit Quality Monitoring
“Provision for credit losses was $395 million for the quarter ended June 30, 2026.”
Theme · Noninterest Income Contribution
“Total noninterest income was $1,644 million for the quarter ended June 30, 2026.”
Theme · Expense Management
“Total noninterest expense was $3,055 million for the quarter ended June 30, 2026.”
Theme · Capital Ratios
“Common equity tier 1 ratio was 10.9% as of June 30, 2026.”
Theme · Asset Quality Trends
“Nonperforming loans and leases as a percentage of loans and leases HFI was 0.51%.”
Source: SEC EDGAR · public domain · Highlights by Palanor