EX-99.23ex992-qpsx4q25.htmEX-99.2 Document
Quarterly Performance Summary
Truist Financial Corporation
Fourth Quarter 2025
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
Selected Items
12
Non-GAAP Reconciliations
13
Financial Highlights
Quarter Ended
Year-to-Date
(Dollars in millions, except per share data, shares in thousands)
Dec. 31
Sept. 30
June 30
March 31
Dec. 31
Dec. 31
Dec. 31
2025
2025
2025
2025
2024
2025
2024
Summary Income Statement
Interest income
$
6,114
$
6,286
$
6,154
$
5,988
$
6,179
$
24,542
$
25,066
Plus: Taxable-equivalent adjustment
49
51
48
48
51
196
212
Interest income - taxable equivalent(1)
6,163
6,337
6,202
6,036
6,230
24,738
25,278
Interest expense
2,414
2,657
2,567
2,481
2,589
10,119
10,975
Net interest income
3,700
3,629
3,587
3,507
3,590
14,423
14,091
Net interest income - taxable equivalent(1)
3,749
3,680
3,635
3,555
3,641
14,619
14,303
Provision for credit losses
512
436
488
458
471
1,894
1,870
Net interest income after provision for credit losses
3,188
3,193
3,099
3,049
3,119
12,529
12,221
Noninterest income
1,546
1,558
1,400
1,392
1,470
5,896
(813)
Noninterest expense
3,170
3,014
2,986
2,906
3,035
12,076
12,009
Income (loss) before income taxes
1,564
1,737
1,513
1,535
1,554
6,349
(601)
Provision (benefit) for income taxes
210
285
273
274
265
1,042
(556)
Net income (loss) from continuing operations
1,354
1,452
1,240
1,261
1,289
5,307
(45)
Net income (loss) from discontinued operations
—
—
—
—
(13)
—
4,885
Net income
1,354
1,452
1,240
1,261
1,276
5,307
4,840
Noncontrolling interests from discontinued operations
—
—
—
—
—
—
22
Preferred stock dividends and other
65
104
60
104
60
333
349
Net Income available to common shareholders
1,289
1,348
1,180
1,157
1,216
4,974
4,469
Additional Income Statement Information
Revenue
5,246
5,187
4,987
4,899
5,060
20,319
13,278
Revenue - taxable equivalent(1)
5,295
5,238
5,035
4,947
5,111
20,515
13,490
Pre-provision net revenue(1)
2,125
2,224
2,049
2,041
2,076
8,439
1,481
Key Metrics
Earnings:
Earnings per share-basic from continuing operations
$
1.02
$
1.05
$
0.91
$
0.88
$
0.93
$
3.87
$
(0.30)
Earnings per share-basic
1.02
1.05
0.91
0.88
0.92
3.87
3.36
Earnings per share-diluted from continuing operations
1.00
1.04
0.90
0.87
0.92
3.82
(0.30)
Earnings per share-diluted
1.00
1.04
0.90
0.87
0.91
3.82
3.36
Cash dividends declared per share
0.52
0.52
0.52
0.52
0.52
2.08
2.08
Common shareholders’ equity per share
47.74
46.70
45.70
44.85
43.90
Tangible common shareholders’ equity per share(1)
33.48
32.57
31.63
30.95
30.01
End of period shares outstanding
1,262,470
1,279,246
1,289,435
1,309,539
1,315,936
Weighted average shares outstanding-basic
1,267,341
1,280,571
1,292,292
1,307,457
1,317,017
1,286,788
1,331,087
Weighted average shares outstanding-diluted
1,285,078
1,296,666
1,305,005
1,324,339
1,333,701
1,302,700
1,331,087
Return on average assets
0.99
%
1.06
%
0.93
%
0.96
%
0.96
%
0.99
%
0.92
%
Return on average common shareholders’ equity
8.5
9.0
8.1
8.1
8.4
8.4
8.0
Return on average tangible common shareholders’ equity(1)
12.7
13.6
12.3
12.3
12.9
12.7
13.3
Net interest margin - taxable equivalent(1)
3.07
3.01
3.02
3.01
3.07
3.03
3.03
Efficiency ratio-unadjusted(2)
60.4
58.1
59.9
59.3
60.0
59.4
90.4
Efficiency ratio-adjusted(1)(2)
54.9
55.7
57.1
56.4
57.7
56.0
56.3
Credit Quality
T1Nonperforming loans and leases as a percentage of LHFI
0.48
%
0.48
%
0.39
%
0.48
%
0.47
%
Net charge-offs as a percentage of average LHFI
0.57
0.48
0.51
0.60
0.59
0.54
%
0.59
%
Allowance for loan and lease losses as a percentage of LHFI
1.53
1.54
1.54
1.58
1.59
Ratio of allowance for loan and lease losses to nonperforming LHFI
3.2x
3.2x
3.9x
3.3x
3.4x
Average Balances
Assets
$
542,233
$
541,825
$
537,069
$
531,630
$
527,013
$
538,228
$
526,065
Securities(3)
117,707
119,180
121,829
124,061
124,871
120,673
123,858
Loans and leases
326,737
322,070
313,841
307,528
304,609
317,609
306,538
Deposits
396,010
396,600
400,483
392,204
390,042
396,335
387,868
Common shareholders’ equity
59,991
59,141
58,327
58,125
57,754
58,902
55,876
Total shareholders’ equity
65,338
65,049
64,235
64,033
64,295
64,668
62,593
Period-End Balances
Assets
$
547,538
$
543,851
$
543,833
$
535,899
$
531,176
Securities(3)
112,228
113,544
115,363
117,888
118,104
Loans and leases
330,478
325,663
319,999
309,752
307,771
Deposits
400,398
394,907
406,122
403,736
390,524
Common shareholders’ equity
60,273
59,739
58,933
58,728
57,772
Total shareholders’ equity
65,189
65,646
64,840
64,635
63,679
Capital and Liquidity Ratios
(preliminary)
Common equity tier 1
10.8
%
11.0
%
11.0
%
11.3
%
11.5
%
Tier 1
11.9
12.3
12.3
12.7
12.9
Total
13.8
14.2
14.3
14.7
15.0
Leverage
10.0
10.2
10.2
10.3
10.5
Supplementary leverage
8.3
8.5
8.5
8.7
8.8
Liquidity coverage ratio
111
110
110
111
109
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.
(2)This metric is calculated based on continuing operations.
(3)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
Dec. 31
Sept. 30
June 30
March 31
Dec. 31
Dec. 31
Dec. 31
(Dollars in millions, except per share data, shares in thousands)
2025
2025
2025
2025
2024
2025
2024
Interest Income
Interest and fees on loans and leases
$
4,778
$
4,816
$
4,657
$
4,493
$
4,634
$
18,744
$
19,230
Interest on securities
896
941
961
975
994
3,773
3,506
Interest on other earning assets
440
529
536
520
551
2,025
2,330
Total interest income
6,114
6,286
6,154
5,988
6,179
24,542
25,066
Interest Expense
Interest on deposits
1,633
1,835
1,844
1,736
1,855
7,048
7,849
Interest on long-term debt
481
523
431
409
431
1,844
1,813
Interest on other borrowings
300
299
292
336
303
1,227
1,313
Total interest expense
2,414
2,657
2,567
2,481
2,589
10,119
10,975
Net Interest Income
3,700
3,629
3,587
3,507
3,590
14,423
14,091
Provision for credit losses
512
436
488
458
471
1,894
1,870
Net Interest Income After Provision for Credit Losses
3,188
3,193
3,099
3,049
3,119
12,529
12,221
Noninterest Income
Wealth management income
365
374
348
344
345
1,431
1,412
Card and treasury management fees(1)(2)
336
340
351
333
334
1,360
1,311
Investment banking and trading income
335
323
205
273
262
1,136
1,203
Other deposit revenue(1)(3)
121
125
108
117
134
471
511
Mortgage banking income
119
118
107
108
117
452
432
Lending related fees
98
103
99
95
93
395
366
Securities gains (losses)
—
—
(18)
(1)
(1)
(19)
(6,651)
Other income(4)
172
175
200
123
186
670
603
Total noninterest income
1,546
1,558
1,400
1,392
1,470
5,896
(813)
Noninterest Expense
Personnel expense(5)
1,818
1,748
1,678
1,604
1,598
6,848
6,587
Professional fees and outside processing(5)
337
346
373
364
415
1,420
1,342
Software expense
242
233
231
230
232
936
896
Net occupancy expense(5)
176
185
181
168
188
710
695
Equipment expense
90
90
89
82
112
351
373
Marketing and customer development
63
79
82
75
74
299
268
Amortization of intangibles
70
72
73
75
84
290
345
Regulatory costs
7
32
55
69
56
163
344
Other expense(4)(5)
367
229
224
239
276
1,059
1,159
Total noninterest expense
3,170
3,014
2,986
2,906
3,035
12,076
12,009
Earnings
Income (loss) before income taxes
1,564
1,737
1,513
1,535
1,554
6,349
(601)
Provision (benefit) for income taxes
210
285
273
274
265
1,042
(556)
Net income (loss) from continuing operations
1,354
1,452
1,240
1,261
1,289
5,307
(45)
Net income (loss) from discontinued operations
—
—
—
—
(13)
—
4,885
Net income
1,354
1,452
1,240
1,261
1,276
5,307
4,840
Noncontrolling interests from discontinuing operations
—
—
—
—
—
—
22
Preferred stock dividends and other
65
104
60
104
60
333
349
Net income available to common shareholders
$
1,289
$
1,348
$
1,180
$
1,157
$
1,216
$
4,974
$
4,469
Earnings Per Common Share
Earnings per share-basic from continuing operations
$
1.02
$
1.05
$
0.91
$
0.88
$
0.93
$
3.87
$
(0.30)
Earnings per share-basic
1.02
1.05
0.91
0.88
0.92
3.87
3.36
Earnings per share-diluted from continuing operations
1.00
1.04
0.90
0.87
0.92
3.82
(0.30)
Earnings per share-diluted
1.00
1.04
0.90
0.87
0.91
3.82
3.36
Weighted Average Shares Outstanding
Basic
1,267,341
1,280,571
1,292,292
1,307,457
1,317,017
1,286,788
1,331,087
Diluted
1,285,078
1,296,666
1,305,005
1,324,339
1,333,701
1,302,700
1,331,087
(1)Effective December 31, 2025, Truist reclassified treasury management fees to 'Card and treasury management fees' from 'Other deposit revenue.' Prior period balances have been conformed to current period presentation.
(2)Renamed from 'Card and payment related fees.'
(3)Renamed from 'Service charges on deposits.'
(4)Effective December 31, 2025, Truist reclassified operating lease income and operating lease depreciation into 'Other income' and 'Other expense,' respectively. Prior period balances have been conformed to current period presentation.
(5)Effective December 31, 2025, Truist reclassified the underlying activities of restructuring charges, which were previously reported in a separate financial statement caption, to their natural expense categories of 'Personnel', 'Net occupancy', 'Professional fees and outside processing', and 'Other expense.' Prior period balances have been conformed to current period presentation.
- 2 -
Consolidated Ending Balance Sheets - Five Quarter Trend
Dec. 31
Sept. 30
June 30
March 31
Dec. 31
(Dollars in millions)
2025
2025
2025
2025
2024
Assets
Cash and due from banks
$
4,967
$
4,329
$
5,157
$
5,996
$
5,793
Interest-bearing deposits with banks
31,410
32,523
36,294
36,175
33,975
Securities borrowed or purchased under resale agreements
3,200
2,981
2,656
2,810
2,550
Trading assets at fair value
5,790
5,731
5,963
5,838
5,100
Securities available for sale at fair value
65,042
65,522
66,390
68,012
67,464
Securities held to maturity at amortized cost
47,186
48,022
48,973
49,876
50,640
Loans and leases:
Commercial:
Commercial and industrial
167,808
163,607
162,273
156,679
154,848
CRE
23,720
22,414
20,270
19,578
20,363
Commercial construction
7,783
8,027
8,277
8,766
8,520
Consumer:
Residential mortgage
56,807
57,623
57,828
56,099
55,599
Home equity
9,719
9,618
9,591
9,523
9,642
Indirect auto
25,659
25,490
24,558
23,628
23,089
Other consumer
32,181
32,070
31,122
29,537
29,395
Credit card
4,918
4,889
4,877
4,828
4,927
Total loans and leases held for investment
328,595
323,738
318,796
308,638
306,383
Loans held for sale
1,883
1,925
1,203
1,114
1,388
Total loans and leases
330,478
325,663
319,999
309,752
307,771
Allowance for loan and lease losses
(5,030)
(4,988)
(4,899)
(4,870)
(4,857)
Premises and equipment
3,172
3,176
3,197
3,168
3,225
Goodwill
17,125
17,125
17,125
17,125
17,125
Core deposit and other intangible assets
1,256
1,328
1,399
1,473
1,550
Loan servicing rights at fair value
3,972
3,776
3,612
3,628
3,708
Other assets
38,970
38,663
37,967
36,916
37,132
Total assets
$
547,538
$
543,851
$
543,833
$
535,899
$
531,176
Liabilities
Deposits:
Noninterest-bearing deposits
$
105,092
$
106,197
$
106,442
$
108,461
$
107,451
Interest checking
117,830
109,827
118,122
118,043
109,042
Money market and savings
139,044
135,931
133,891
136,777
137,307
Time deposits
38,432
42,952
47,667
40,455
36,724
Total deposits
400,398
394,907
406,122
403,736
390,524
Short-term borrowings
27,839
29,376
16,631
23,730
29,205
Long-term debt
41,963
41,729
44,427
32,030
34,956
Other liabilities
12,149
12,193
11,813
11,768
12,812
Total liabilities
482,349
478,205
478,993
471,264
467,497
Shareholders’ Equity:
Preferred stock
4,916
5,907
5,907
5,907
5,907
Common stock
6,312
6,396
6,447
6,548
6,580
Additional paid-in capital
33,663
34,278
34,620
35,178
35,628
Retained earnings
26,067
25,438
24,759
24,252
23,777
Accumulated other comprehensive loss
(5,769)
(6,373)
(6,893)
(7,250)
(8,213)
Total shareholders’ equity
65,189
65,646
64,840
64,635
63,679
Total liabilities and shareholders’ equity
$
547,538
$
543,851
$
543,833
$
535,899
$
531,176
- 3 -
Average Balances and Rates - Quarters
Quarter Ended
December 31, 2025
September 30, 2025
June 30, 2025
March 31, 2025
December 31, 2024
(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
$
13,275
$
162
4.82
%
$
13,351
$
174
5.18
%
$
14,034
$
181
5.20
%
$
14,867
$
191
5.19
%
$
14,387
$
196
5.40
%
U.S. government-sponsored entities (GSE)
478
4
3.80
458
4
3.86
463
5
3.73
462
4
3.75
412
3
3.42
Mortgage-backed securities issued by GSE
103,591
727
2.81
104,998
760
2.89
106,947
772
2.89
108,345
777
2.87
109,644
792
2.89
States and political subdivisions
349
4
4.27
358
3
4.19
370
4
4.20
370
4
4.20
411
5
4.14
Other
14
—
4.42
15
1
4.50
15
—
4.53
17
—
4.72
17
—
5.16
Total securities
117,707
897
3.04
119,180
942
3.16
121,829
962
3.16
124,061
976
3.16
124,871
996
3.19
Loans and leases:
Commercial:
Commercial and industrial
163,990
2,267
5.49
162,207
2,312
5.66
158,491
2,262
5.72
155,214
2,184
5.70
153,209
2,293
5.95
CRE
23,205
354
5.99
21,171
336
6.25
19,687
308
6.22
19,832
302
6.12
20,504
337
6.47
Commercial construction
8,015
129
6.52
8,258
139
6.84
8,613
144
6.85
8,734
145
6.84
8,261
147
7.26
Consumer:
Residential mortgage
57,100
589
4.13
57,676
598
4.15
56,789
579
4.08
55,658
562
4.04
54,390
536
3.94
Home equity
9,679
176
7.24
9,588
182
7.51
9,586
178
7.47
9,569
177
7.48
9,675
189
7.78
Indirect auto
25,639
469
7.27
24,964
459
7.29
24,158
441
7.32
23,248
412
7.19
22,790
411
7.19
Other consumer
32,181
677
8.35
31,714
668
8.36
30,387
634
8.37
29,291
602
8.33
29,355
606
8.21
Credit card
4,956
136
10.89
4,915
146
11.74
4,890
139
11.35
4,849
138
11.60
4,926
143
11.54
Total loans and leases held for investment
324,765
4,797
5.87
320,493
4,840
6.00
312,601
4,685
6.01
306,395
4,522
5.97
303,110
4,662
6.12
Loans held for sale
1,972
28
5.64
1,577
24
6.18
1,240
19
6.15
1,133
17
5.93
1,499
21
5.87
Total loans and leases
326,737
4,825
5.87
322,070
4,864
6.00
313,841
4,704
6.01
307,528
4,539
5.97
304,609
4,683
6.12
Interest earning trading assets
6,015
82
5.38
5,991
86
5.70
5,896
88
5.98
5,628
80
5.72
5,462
79
5.86
Other earning assets(3)
34,138
359
4.13
38,765
445
4.50
39,417
448
4.51
38,997
441
4.53
37,697
472
4.91
Total earning assets
484,597
6,163
5.05
486,006
6,337
5.18
480,983
6,202
5.16
476,214
6,036
5.12
472,639
6,230
5.25
Nonearning assets
57,636
55,819
56,086
55,416
54,374
Total assets
$
542,233
$
541,825
$
537,069
$
531,630
$
527,013
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking
$
112,313
618
2.18
$
109,244
677
2.46
$
116,193
726
2.51
$
109,208
640
2.37
$
107,075
679
2.52
Money market and savings
138,114
677
1.95
136,515
755
2.19
135,607
751
2.22
136,897
743
2.20
138,242
838
2.41
Time deposits
40,031
338
3.35
45,090
403
3.54
41,997
367
3.50
40,204
353
3.56
36,757
338
3.66
Total interest-bearing deposits
290,458
1,633
2.23
290,849
1,835
2.50
293,797
1,844
2.52
286,309
1,736
2.46
282,074
1,855
2.62
Short-term borrowings
29,128
300
4.08
26,796
299
4.42
26,241
292
4.47
30,332
336
4.49
25,006
303
4.81
Long-term debt
39,138
481
4.91
41,458
523
5.04
34,213
431
5.02
32,418
409
5.05
34,133
431
5.06
Total interest-bearing liabilities
358,724
2,414
2.67
359,103
2,657
2.94
354,251
2,567
2.91
349,059
2,481
2.88
341,213
2,589
3.02
Noninterest-bearing deposits
105,552
105,751
106,686
105,895
107,968
Other liabilities
12,619
11,922
11,897
12,643
13,537
Shareholders’ equity
65,338
65,049
64,235
64,033
64,295
Total liabilities and shareholders’ equity
$
542,233
$
541,825
$
537,069
$
531,630
$
527,013
Average interest-rate spread
2.38
2.24
2.25
2.24
2.23
Net interest income / net interest margin - taxable equivalent
$
3,749
3.07
%
$
3,680
3.01
%
$
3,635
3.02
%
$
3,555
3.01
%
$
3,641
3.07
%
Taxable-equivalent adjustment
49
51
48
48
51
Net interest income
$
3,700
$
3,629
$
3,587
$
3,507
$
3,590
Memo: Total deposits
$
396,010
1,633
1.64
%
$
396,600
1,835
1.84
%
$
400,483
1,844
1.85
%
$
392,204
1,736
1.79
%
$
390,042
1,855
1.89
%
(1)Represents daily average balances. Unrealized gains and losses on available-for-sale securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.
(2)Amounts are on a taxable-equivalent 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.
(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
December 31, 2025
December 31, 2024
(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
$
13,876
$
708
5.10
%
$
12,100
$
485
4.01
%
U.S. government-sponsored entities (GSE)
465
17
3.78
390
13
3.38
Mortgage-backed securities issued by GSE
105,955
3,036
2.87
109,652
2,958
2.70
States and political subdivisions
362
15
4.21
417
17
4.14
Non-agency mortgage-backed
—
—
—
1,282
37
2.85
Other
15
1
4.55
17
1
5.25
Total securities
120,673
3,777
3.13
123,858
3,511
2.83
Loans and leases:
Commercial:
Commercial and industrial
160,004
9,025
5.64
155,674
9,897
6.36
CRE
20,984
1,300
6.14
21,585
1,480
6.81
Commercial construction
8,403
557
6.76
7,729
583
7.67
Consumer:
Residential mortgage
56,812
2,328
4.10
54,486
2,114
3.88
Home equity
9,606
713
7.42
9,778
776
7.94
Indirect auto
24,510
1,781
7.27
22,326
1,563
7.00
Other consumer
30,904
2,581
8.35
28,748
2,351
8.18
Credit card
4,903
559
11.39
4,907
587
11.96
Total loans and leases held for investment
316,126
18,844
5.96
305,233
19,351
6.34
Loans held for sale
1,483
88
5.94
1,305
82
6.31
Total loans and leases
317,609
18,932
5.96
306,538
19,433
6.34
Interest earning trading assets
5,884
336
5.69
5,320
326
6.12
Other earning assets(3)
37,818
1,693
4.42
36,622
2,008
5.48
Total earning assets
481,984
24,738
5.13
472,338
25,278
5.35
Nonearning assets
56,244
51,185
Assets of discontinued operations
—
2,542
Total assets
$
538,228
$
526,065
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking
$
111,741
2,661
2.38
$
104,606
2,802
2.68
Money market and savings
136,786
2,926
2.14
136,217
3,457
2.54
Time deposits
41,839
1,461
3.49
39,406
1,590
4.04
Total interest-bearing deposits
290,366
7,048
2.43
280,229
7,849
2.80
Short-term borrowings
28,117
1,227
4.36
24,499
1,313
5.36
Long-term debt
36,838
1,844
5.01
36,713
1,813
4.94
Total interest-bearing liabilities
355,321
10,119
2.85
341,441
10,975
3.21
Noninterest-bearing deposits
105,969
107,639
Other liabilities
12,270
13,343
Liabilities of discontinued operations
—
1,049
Shareholders’ equity
64,668
62,593
Total liabilities and shareholders’ equity
$
538,228
$
526,065
Average interest-rate spread
2.28
2.14
Net interest income / net interest margin - taxable equivalent
$
14,619
3.03
%
$
14,303
3.03
%
Taxable-equivalent adjustment
196
212
Net interest income
$
14,423
$
14,091
Memo: Total deposits
$
396,335
7,048
1.78
%
$
387,868
7,849
2.02
%
(1)Represents daily average balances. Unrealized gains and losses on available-for-sale securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.
(2)Amounts are on a taxable-equivalent 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.
(3)Includes cash equivalents, interest-bearing deposits with banks, FHLB stock, and other earning assets.
- 5 -
Credit Quality
Dec. 31
Sept. 30
June 30
March 31
Dec. 31
(Dollars in millions)
2025
2025
2025
2025
2024
Nonperforming Assets
Nonaccrual loans and leases:
Commercial:
Commercial and industrial
$
839
$
800
$
520
$
586
$
521
CRE
47
98
128
294
298
Commercial construction
41
42
1
2
3
Consumer:
Residential mortgage
213
196
191
179
166
Home equity
99
103
107
114
116
Indirect auto
267
247
240
248
259
Other consumer
71
66
64
65
66
Total nonaccrual loans and leases held for investment
1,577
1,552
1,251
1,488
1,429
Loans held for sale
—
19
12
77
—
Total nonaccrual loans and leases
1,577
1,571
1,263
1,565
1,429
Foreclosed real estate
3
4
4
4
3
Other foreclosed property
53
54
49
49
45
Total nonperforming assets
$
1,633
$
1,629
$
1,316
$
1,618
$
1,477
Loans 90 Days or More Past Due and Still Accruing
Commercial:
Commercial and industrial
$
3
$
3
$
2
$
5
$
19
CRE
—
—
—
—
1
Consumer:
Residential mortgage - government guaranteed
532
438
424
468
430
Residential mortgage - nonguaranteed
38
41
41
62
51
Home equity
7
6
6
6
9
Indirect auto
—
—
—
—
—
Other consumer
28
27
24
23
23
Credit card
76
69
49
52
54
Total loans 90 days past due and still accruing
$
684
$
584
$
546
$
616
$
587
Loans 30-89 Days Past Due and Still Accruing
Commercial:
Commercial and industrial
$
127
$
73
$
122
$
118
$
168
CRE
25
6
34
12
60
Commercial construction
36
5
15
—
3
Consumer:
Residential mortgage - government guaranteed
329
327
330
284
318
Residential mortgage - nonguaranteed
357
344
365
347
401
Home equity
69
54
54
57
60
Indirect auto
679
620
582
484
622
Other consumer
281
241
239
246
236
Credit card
77
73
70
71
81
Total loans 30-89 days past due and still accruing
$
1,980
$
1,743
$
1,811
$
1,619
$
1,949
- 6 -
As of/For the Quarter Ended
Dec. 31
Sept. 30
June 30
March 31
Dec. 31
2025
2025
2025
2025
2024
Asset Quality Ratios
Loans 30-89 days past due and still accruing as a percentage of loans and leases
0.60
%
0.54
%
0.57
%
0.52
%
0.64
%
Loans 90 days or more past due and still accruing as a percentage of loans and leases
0.21
0.18
0.17
0.20
0.19
Nonperforming loans and leases as a percentage of loans and leases
0.48
0.48
0.39
0.48
0.47
Nonperforming loans and leases as a percentage of loans and leases(1)
0.48
0.48
0.39
0.51
0.46
Nonperforming assets as a percentage of:
Total assets(1)
0.30
0.30
0.24
0.30
0.28
Loans and leases plus foreclosed property
0.50
0.50
0.41
0.50
0.48
Net charge-offs as a percentage of average loans and leases
0.57
0.48
0.51
0.60
0.59
Allowance for loan and lease losses as a percentage of loans and leases
1.53
1.54
1.54
1.58
1.59
Ratio of allowance for loan and lease losses to:
Net charge-offs
2.7X
3.3X
3.1X
2.6X
2.7X
Nonperforming loans and leases
3.2X
3.2X
3.9X
3.3X
3.4X
Asset Quality Ratios (Excluding Government Guaranteed)
Loans 90 days or more past due and still accruing as a percentage of loans and leases
0.05
%
0.05
%
0.04
%
0.05
%
0.05
%
Applicable ratios are annualized.
(1)Includes loans held for sale.
As of/For the Year-to-Date
Period Ended Dec. 31
2025
2024
Asset Quality Ratios
Net charge-offs as a percentage of average loans and leases
0.54
%
0.59
%
Ratio of allowance for loan and lease losses to net charge-offs
3.0X
2.7X
Applicable ratios are annualized.
- 7 -
As of/For the Quarter Ended
As of/For the Year-to-Date
Dec. 31
Sept. 30
June 30
March 31
Dec. 31
Period Ended Dec. 31
(Dollars in millions)
2025
2025
2025
2025
2024
2025
2024
Allowance for Credit Losses
Beginning balance
$
5,305
$
5,253
$
5,166
$
5,161
$
5,140
$
5,161
$
5,093
Provision for credit losses
512
436
488
458
471
1,894
1,870
Charge-offs:
Commercial:
Commercial and industrial
(141)
(98)
(120)
(102)
(119)
(461)
(395)
CRE
(14)
(25)
(38)
(70)
(51)
(147)
(316)
Consumer:
Residential mortgage
(3)
(1)
(1)
(1)
(1)
(6)
(3)
Home equity
(2)
(2)
(4)
(2)
(2)
(10)
(9)
Indirect auto
(160)
(150)
(127)
(154)
(158)
(591)
(591)
Other consumer
(178)
(155)
(146)
(154)
(148)
(633)
(606)
Credit card
(67)
(49)
(70)
(74)
(74)
(260)
(296)
Total charge-offs
(565)
(480)
(506)
(557)
(553)
(2,108)
(2,216)
Recoveries:
Commercial:
Commercial and industrial
23
20
31
24
15
98
87
CRE
6
2
3
7
17
18
34
Commercial construction
1
—
1
—
—
2
2
Consumer:
Residential mortgage
1
2
—
2
2
5
6
Home equity
3
5
4
4
3
16
16
Indirect auto
24
25
28
25
24
102
120
Other consumer
28
31
31
30
28
120
110
Credit card
9
10
12
11
11
42
38
Total recoveries
95
95
110
103
100
403
413
Net charge-offs
(470)
(385)
(396)
(454)
(453)
(1,705)
(1,803)
Other
—
1
(5)
1
3
(3)
1
Ending balance
$
5,347
$
5,305
$
5,253
$
5,166
$
5,161
$
5,347
$
5,161
Allowance for Credit Losses:
Allowance for loan and lease losses
$
5,030
$
4,988
$
4,899
$
4,870
$
4,857
Reserve for unfunded lending commitments (RUFC)
317
317
354
296
304
Allowance for credit losses
$
5,347
$
5,305
$
5,253
$
5,166
$
5,161
Quarter Ended
As of/For the Year-to-Date
Dec. 31
Sept. 30
June 30
March 31
Dec. 31
Period Ended Dec. 31
2025
2025
2025
2025
2024
2025
2024
Net Charge-offs as a Percentage of Average Loans and Leases:
Commercial:
Commercial and industrial
0.29
%
0.19
%
0.22
%
0.20
%
0.27
%
0.23
%
0.20
%
CRE
0.14
0.44
0.71
1.29
0.66
0.62
1.31
Commercial construction
(0.04)
(0.03)
(0.02)
(0.02)
(0.02)
(0.03)
(0.03)
Consumer:
Residential mortgage
0.01
—
—
—
(0.01)
—
(0.01)
Home equity
(0.04)
(0.11)
(0.04)
(0.07)
(0.07)
(0.06)
(0.07)
Indirect auto
2.10
1.99
1.63
2.26
2.33
2.00
2.11
Other consumer
1.84
1.55
1.54
1.71
1.63
1.66
1.73
Credit card
4.64
3.13
4.84
5.21
5.10
4.45
5.26
Total loans and leases
0.57
0.48
0.51
0.60
0.59
0.54
0.59
Applicable ratios are annualized.
- 8 -
Segment Financial Performance - Preliminary
Quarter Ended
Dec. 31
Sept. 30
June 30
March 31
Dec. 31
(Dollars in millions)
2025
2025
2025
2025
2024
Consumer and Small Business Banking
Net interest income (expense)
$
1,621
$
1,569
$
1,496
$
1,434
$
1,398
Net intersegment interest income (expense)
886
877
857
844
1,089
Segment net interest income (expense)
2,507
2,446
2,353
2,278
2,487
Allocated provision for credit losses
431
400
384
328
347
Noninterest income
521
530
519
503
535
Personnel expense
443
449
434
433
431
Amortization of intangibles
37
39
38
39
45
Other direct noninterest expense
288
280
287
287
323
Direct noninterest expense
768
768
759
759
799
Expense allocations
933
937
941
903
943
Total noninterest expense
1,701
1,705
1,700
1,662
1,742
Income (loss) before income taxes
896
871
788
791
933
Provision (benefit) for income taxes
218
214
192
193
224
Segment net income (loss)
$
678
$
657
$
596
$
598
$
709
Wholesale Banking
Net interest income (expense)
$
2,019
$
2,030
$
1,873
$
1,884
$
1,968
Net intersegment interest income (expense)
(301)
(356)
(204)
(285)
(360)
Segment net interest income (expense)
1,718
1,674
1,669
1,599
1,608
Allocated provision for credit losses
82
36
104
131
123
Noninterest income
1,134
1,142
941
947
1,036
Personnel expense
668
598
573
557
563
Amortization of intangibles
33
33
35
36
39
Other direct noninterest expense
188
200
202
194
207
Direct noninterest expense
889
831
810
787
809
Expense allocations
466
485
519
517
490
Total noninterest expense
1,355
1,316
1,329
1,304
1,299
Income (loss) before income taxes
1,415
1,464
1,177
1,111
1,222
Provision (benefit) for income taxes
297
307
238
223
242
Segment net income (loss)
$
1,118
$
1,157
$
939
$
888
$
980
Other, Treasury & Corporate(1)
Net interest income (expense)
$
60
$
30
$
218
$
189
$
224
Net intersegment interest income (expense)
(585)
(521)
(653)
(559)
(729)
Segment net interest income (expense)
(525)
(491)
(435)
(370)
(505)
Allocated provision for credit losses
(1)
—
—
(1)
1
Noninterest income
(109)
(114)
(60)
(58)
(101)
Personnel expense
707
701
671
614
604
Amortization of intangibles
—
—
—
—
—
Other direct noninterest expense
806
714
746
746
823
Direct Noninterest Expense
1,513
1,415
1,417
1,360
1,427
Expense Allocations
(1,399)
(1,422)
(1,460)
(1,420)
(1,433)
Total noninterest expense
114
(7)
(43)
(60)
(6)
Income (loss) before income taxes
(747)
(598)
(452)
(367)
(601)
Provision (benefit) for income taxes
(305)
(236)
(157)
(142)
(201)
Segment net income (loss)
$
(442)
$
(362)
$
(295)
$
(225)
$
(400)
Total Truist Financial Corporation
Net interest income (expense)
$
3,700
$
3,629
$
3,587
$
3,507
$
3,590
Net intersegment interest income (expense)
—
—
—
—
—
Segment net interest income (expense)
3,700
3,629
3,587
3,507
3,590
Allocated provision for credit losses
512
436
488
458
471
Noninterest income
1,546
1,558
1,400
1,392
1,470
Personnel expense
1,818
1,748
1,678
1,604
1,598
Amortization of intangibles
70
72
73
75
84
Other direct noninterest expense
1,282
1,194
1,235
1,227
1,353
Direct Noninterest Expense
3,170
3,014
2,986
2,906
3,035
Expense Allocations
—
—
—
—
—
Total noninterest expense
3,170
3,014
2,986
2,906
3,035
Income before income taxes
1,564
1,737
1,513
1,535
1,554
Provision for income taxes
210
285
273
274
265
Net Income from continuing operations
$
1,354
$
1,452
$
1,240
$
1,261
$
1,289
(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
Dec. 31
Sept. 30
June 30
March 31
Dec. 31
(Dollars in millions, except per share data, shares in thousands)
2025
2025
2025
2025
2024
Selected Capital Information
(preliminary)
Risk-based capital:
Common equity tier 1
$
48,028
$
48,031
$
47,678
$
47,767
$
48,225
Tier 1
52,941
53,935
53,582
53,671
54,128
Total
61,256
62,377
62,119
62,349
62,583
Risk-weighted assets
443,310
438,114
434,609
424,059
418,337
Average quarterly assets for leverage ratio
529,156
529,861
525,567
519,981
515,830
Average quarterly assets for supplementary leverage ratio
635,243
635,076
626,855
619,992
612,764
Risk-based capital ratios:
Common equity tier 1
10.8
%
11.0
%
11.0
%
11.3
%
11.5
%
Tier 1
11.9
12.3
12.3
12.7
12.9
Total
13.8
14.2
14.3
14.7
15.0
Leverage capital ratio
10.0
10.2
10.2
10.3
10.5
Supplementary leverage
8.3
8.5
8.5
8.7
8.8
Common equity per common share
$
47.74
$
46.70
$
45.70
$
44.85
$
43.90
- 10 -
Selected Mortgage Banking Information & Additional Information
As of/For the Quarter Ended
Dec. 31
Sept. 30
June 30
March 31
Dec. 31
(Dollars in millions, except per share data)
2025
2025
2025
2025
2024
Mortgage Banking Income
Residential mortgage income:
Residential mortgage production revenue
$
26
$
22
$
25
$
19
$
25
Residential mortgage servicing income:
Residential mortgage servicing income before MSR valuation
77
74
72
87
83
Net MSRs valuation
1
9
1
(4)
(5)
Total residential mortgage servicing income
78
83
73
83
78
Total residential mortgage income
104
105
98
102
103
Commercial mortgage income:
Commercial mortgage production revenue
12
10
6
2
12
Commercial mortgage servicing income:
Commercial mortgage servicing income before MSR valuation
2
4
3
4
4
Net MSRs valuation
1
(1)
—
—
(2)
Total commercial mortgage servicing income
3
3
3
4
2
Total commercial mortgage income
15
13
9
6
14
Total mortgage banking income
$
119
$
118
$
107
$
108
$
117
Other Mortgage Banking Information
Residential mortgage loan originations
$
4,551
$
4,743
$
5,855
$
3,626
$
4,745
Residential mortgage servicing portfolio:(1)
Loans serviced for others
228,383
221,274
213,002
216,148
218,475
Bank-owned loans serviced
57,583
58,396
57,748
55,120
54,937
Total servicing portfolio
285,966
279,670
270,750
271,268
273,412
Weighted-average coupon rate on mortgage loans serviced for others
3.77
%
3.75
%
3.70
%
3.68
%
3.65
%
Weighted-average servicing fee on mortgage loans serviced for others
0.28
0.28
0.28
0.28
0.28
Additional Information
Brokered deposits(2)
$
29,835
$
28,423
$
30,008
$
27,585
$
28,085
NQDCP income (expense):(3)
Interest income
$
4
$
1
$
—
$
—
$
4
Other income
(1)
17
21
(6)
(2)
Personnel expense
(3)
(18)
(21)
6
(2)
Total NQDCP income (expense)
$
—
$
—
$
—
$
—
$
—
Common stock prices:
High
$
50.86
$
47.46
$
43.25
$
48.53
$
49.06
Low
40.78
41.98
33.56
39.41
41.08
End of period
49.21
45.72
42.99
41.15
43.38
Banking offices
1,927
1,927
1,927
1,928
1,928
ATMs
2,829
2,837
2,847
2,861
2,901
Full-time equivalent teammates(4)
38,062
38,534
37,996
37,529
37,661
(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 -
Selected Items(1)
Favorable (Unfavorable)
(Dollars in millions, except per share data)
Description
Pre-Tax
After-Tax at Marginal Rate
Impact to Diluted EPS(2)
Selected Items
Fourth Quarter 2025
Legal accrual(3)
$
(130)
$
(99)
$
(0.08)
Restructuring charges(4)
(63)
(48)
(0.04)
Third Quarter 2025
Restructuring charges(4)
$
(27)
$
(21)
$
(0.02)
Second Quarter 2025
Restructuring charges(4)
$
(28)
$
(21)
$
(0.02)
Loss on sale of securities (securities gains (losses))
(18)
(13)
(0.01)
First Quarter 2025
Restructuring charges(4)
$
(38)
$
(29)
$
(0.02)
Fourth Quarter 2024
Restructuring charges(4)
$
(11)
$
(9)
$
(0.01)
FDIC special assessment (regulatory costs)
8
6
—
Third Quarter 2024
Gain on sale of TIH (net income from discontinued operations)
$
36
$
16
$
0.01
Restructuring charges(4)
(25)
(19)
(0.01)
FDIC special assessment (regulatory costs)
16
13
0.01
Second Quarter 2024
Gain on sale of TIH (net income from discontinued operations)
$
6,903
$
4,814
$
3.60
Loss on sale of securities (securities gains (losses))
(6,650)
(5,089)
(3.80)
Charitable contribution (other expense)
(150)
(115)
(0.09)
Restructuring charges(4)
(96)
(73)
(0.05)
FDIC special assessment (regulatory costs)
(13)
(11)
(0.01)
Accelerated recognition of TIH equity compensation expense (net income from discontinued operations)
(10)
(8)
(0.01)
First Quarter 2024
Accelerated recognition of TIH equity compensation expense (net income from discontinued operations)
$
(89)
$
(68)
$
(0.05)
FDIC special assessment (regulatory costs)
(75)
(57)
(0.04)
Restructuring charges(4)
(70)
(53)
(0.04)
(1)Includes certain selected items from the consolidated statements of income. Reconciliations of non-GAAP measures to the most directly comparable GAAP measures are included in the Non-GAAP Reconciliations section of this Quarterly Performance Summary.
(2)Diluted EPS impact for individual items may not foot to difference between GAAP diluted and adjusted EPS due to rounding.
(3)In Bickerstaff v. SunTrust Bank, which is described in Truist’s 10-Q filed on October 30, 2025, a settlement agreement was executed on January 20, 2026. The agreement, which is subject to court approval, provides for payments by Truist of up to $240 million and conditions payments to class members on their submission of valid claims.
(4)Includes severance charges (personnel expense) as well as other charges included in net occupancy, professional fees and outside processing, and other expense.
- 12 -
Non-GAAP Reconciliations
Efficiency Ratio from Continuing Operations
Quarter Ended
Year-to-Date
Dec. 31
Sept. 30
June 30
March 31
Dec. 31
Dec. 31
Dec. 31
(Dollars in millions)
2025
2025
2025
2025
2024
2025
2024
Efficiency ratio numerator - noninterest expense - unadjusted
$
3,170
$
3,014
$
2,986
$
2,906
$
3,035
$
12,076
$
12,009
Restructuring charges
(63)
(27)
(28)
(38)
(11)
(156)
(120)
Charitable contribution
—
—
—
—
—
—
(150)
FDIC special assessment
—
—
—
—
8
—
(64)
Legal accrual
(130)
—
—
—
—
(130)
—
Adjusted noninterest expense including amortization of intangibles
$
2,977
$
2,987
$
2,958
$
2,868
$
3,032
$
11,790
$
11,675
Amortization of intangibles
(70)
(72)
(73)
(75)
(84)
(290)
(345)
Efficiency ratio numerator - adjusted noninterest expense excluding amortization of intangibles(1)
$
2,907
$
2,915
$
2,885
$
2,793
$
2,948
$
11,500
$
11,330
Efficiency ratio denominator - revenue(2) - unadjusted
$
5,246
$
5,187
$
4,987
$
4,899
$
5,060
$
20,319
$
13,278
Taxable equivalent adjustment
49
51
48
48
51
196
212
Securities (gains) losses
—
—
18
1
1
19
6,651
Efficiency ratio denominator - adjusted revenue(1)(2)
$
5,295
$
5,238
$
5,053
$
4,948
$
5,112
$
20,534
$
20,141
Efficiency ratio - unadjusted
60.4
58.1
59.9
59.3
60.0
59.4
90.4
Efficiency ratio - adjusted(1)
54.9
55.7
57.1
56.4
57.7
56.0
56.3
(1)The adjusted efficiency ratio is non-GAAP in that it excludes securities gains and losses, amortization of intangible assets, restructuring charges, and other selected items. Adjusted revenue and adjusted noninterest expense are related measures used to calculate the adjusted efficiency ratio. Taxable equivalent revenue and taxable equivalent net interest income include a taxable equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue and adjusted noninterest income excludes securities gains and losses, and adjusted revenue includes a taxable equivalent adjustment. Adjusted noninterest expense excludes restructuring charges and other selected items. Truist’s management calculated these measures based on Truist’s continuing operations. Truist’s management uses these measures in their analysis of Truist’s performance.
Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. These measures are not necessarily comparable to similar measures that may be presented by other companies.
(2)Revenue is defined as net interest income plus noninterest income.
Pre-Provision Net Revenue from Continuing Operations
Quarter Ended
Year-to-Date
Dec. 31
Sept. 30
June 30
March 31
Dec. 31
Dec. 31
Dec. 31
(Dollars in millions)
2025
2025
2025
2025
2024
2025
2024
Net income from continuing operations
$
1,354
$
1,452
$
1,240
$
1,261
$
1,289
$
5,307
$
(45)
Provision for credit losses
512
436
488
458
471
1,894
1,870
Provision for income taxes
210
285
273
274
265
1,042
(556)
Taxable-equivalent adjustment
49
51
48
48
51
196
212
Pre-provision net revenue(1)
$
2,125
$
2,224
$
2,049
$
2,041
$
2,076
$
8,439
$
1,481
(1)Pre-provision net revenue is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes. Truist’s management calculated this measure based on Truist’s continuing operations. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.
Return on Average Tangible Common Shareholders’ Equity
Quarter Ended
Year-to-Date
Dec. 31
Sept. 30
June 30
March 31
Dec. 31
Dec. 31
Dec. 31
(Dollars in millions)
2025
2025
2025
2025
2024
2025
2024
Net income available to common shareholders
$
1,289
$
1,348
$
1,180
$
1,157
$
1,216
$
4,974
$
4,469
Amortization of intangibles
70
72
73
75
84
290
345
Applicable income taxes related to the amortization of intangibles
(16)
(18)
(17)
(18)
(20)
(69)
(65)
Tangible net income available to common shareholders(1)
$
1,343
$
1,402
$
1,236
$
1,214
$
1,280
$
5,195
$
4,749
Average common shareholders’ equity
$
59,991
$
59,141
$
58,327
$
58,125
$
57,754
$
58,902
$
55,876
Average intangible assets
(18,456)
(18,528)
(18,590)
(18,669)
(18,746)
(18,560)
(20,636)
Applicable deferred taxes related to intangible assets(2)
409
415
417
422
429
416
550
Average tangible common shareholders’ equity(1)
$
41,944
$
41,028
$
40,154
$
39,878
$
39,437
$
40,758
$
35,790
Return on average common shareholders’ equity
8.5
%
9.0
%
8.1
%
8.1
%
8.4
%
8.4
%
8.0
%
Return on average tangible common shareholders’ equity(1)
12.7
13.6
12.3
12.3
12.9
12.7
13.3
(1)Average tangible common shareholders’ equity is a non-GAAP measure that excludes the impact of intangible assets, net of deferred taxes. This measure is useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses this measure to assess balance sheet risk and shareholder value. This measure is not necessarily comparable to similar measures that may be presented by other companies.
(2)Calculated using the applicable marginal tax rate.
- 13 -
Tangible Book Value per Common Share
Dec. 31
Sept. 30
June 30
March 31
Dec. 31
(Dollars in millions, except per share data, shares in thousands)
2025
2025
2025
2025
2024
Calculations of Tangible Common Equity and Related Measures:(1)
Total shareholders’ equity
$
65,189
$
65,646
$
64,840
$
64,635
$
63,679
Preferred stock
(4,916)
(5,907)
(5,907)
(5,907)
(5,907)
Intangible assets
(18,416)
(18,489)
(18,561)
(18,624)
(18,702)
Applicable deferred taxes related to intangible assets(2)
407
413
418
421
428
Tangible common equity
$
42,264
$
41,663
$
40,790
$
40,525
$
39,498
Outstanding shares at end of period
1,262,470
1,279,246
1,289,435
1,309,539
1,315,936
Common equity per common share
$
47.74
$
46.70
$
45.70
$
44.85
$
43.90
Tangible common equity per common share
33.48
32.57
31.63
30.95
30.01
Total assets
$
547,538
$
543,851
$
543,833
$
535,899
$
531,176
Intangible assets
(18,416)
(18,489)
(18,561)
(18,624)
(18,702)
Applicable deferred taxes related to intangible assets(2)
407
$
413
$
418
$
421
$
428
Tangible assets
$
529,529
$
525,775
$
525,690
$
517,696
$
512,902
Equity as a percentage of total assets
11.9
%
12.1
%
11.9
%
12.1
%
12.0
%
Tangible common equity as a percentage of tangible assets
8.0
7.9
7.8
7.8
7.7
(1)Tangible common equity is a non-GAAP measure that excludes preferred stock and intangible assets, net of deferred taxes. This measure is useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses this measure 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.
- 14 -
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 | 12 | — | 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 income growth
“Net income available to common shareholders was $1,289 million for the fourth quarter of 2025.”
Theme · Net interest income stability
“Net interest income was $3,700 million for the fourth quarter of 2025.”
Theme · Provision for credit losses
“Provision for credit losses was $512 million for the fourth quarter of 2025.”
Theme · Noninterest expense management
“Noninterest expense was $3,170 million for the fourth quarter of 2025.”
Theme · Capital position
“Common equity tier 1 ratio was 10.8%.”
Theme · Restructuring charges
“Restructuring charges were $63 million for the fourth quarter of 2025.”
Theme · Legal accrual impact
“Legal accrual was $130 million for the fourth quarter of 2025.”
Source: SEC EDGAR · public domain · Highlights by Palanor