TFC

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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)3Q262Q263Q25

Summary Income Statement

Net interest income$3.66 $3.62 $3.63

Net interest income - TE(1)

3.71 3.67 3.68

Noninterest income0.08 1.64 1.56

Total revenue3.75 5.27 5.19

Total revenue - TE(1)

3.79 5.31 5.24

Noninterest expense3.11 3.06 3.01

Net income0.80 1.55 1.45

Net income available to common shareholders0.68 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

BVPS46.78 48.04 46.70

TBVPS(1)

31.90 33.40 32.57

ROCE4.7 %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 ratio0.77 0.50 0.48

ALLL ratio1.25 1.51 1.54

CET1 ratio(2) 10.7 10.9 11.0

Average Balances

Assets$550 $550 $542

Securities118 118 119

Loans and leases 329 332 322

Deposits411 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

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Contact:

Investors:Brad Milsapsinvestors@truist.com

Media:Kyle Tarrancemedia@truist.com

Net Interest Income, Net Interest Margin, and Average Balances

Quarter EndedChange

(Dollars in millions)3Q262Q263Q25 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 expense2,367 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 $49

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News Release

Truist reports second quarter 2026 results

Net income available to common shareholders of $1.5 billion

EPS of $1.23 per diluted share, up 37% compared to 2Q25 Continued to return significant capital to shareholders through $1.8 billion of dividends and repurchases of common shares

2Q26 Key Financial Data

2Q26 Performance Highlights(3)

(Dollars in billions, except per share data)2Q261Q262Q25

Summary Income Statement

Net interest income$3.62 $3.60 $3.59

Net interest income - TE(1)

3.67 3.64 3.64

Noninterest income1.64 1.55 1.40

Total revenue5.27 5.15 4.99

Total revenue - TE(1)

5.31 5.20 5.04

Noninterest expense3.06 2.98 2.99

Net income1.55 1.48 1.24

Net income available to common shareholders1.52 1.38 1.18

PPNR(1)

2.26 2.21 2.05

Key Metrics

Diluted EPS$1.23 $1.09 $0.90

BVPS48.04 47.60 45.70

TBVPS(1)

33.40 33.19 31.63

ROCE10.4 %9.3 %8.1 %

ROTCE(1)

15.4 13.8 12.3

Efficiency ratio 58.0 57.9 59.9

NIM - TE(1)

2.98 3.02 3.02

NCO ratio0.50 0.61 0.51

ALLL ratio1.51 1.53 1.54

CET1 ratio(2) 10.9 10.8 11.0

Average Balances

Assets$550 $544 $537

Securities118 116 122

Loans and leases 332 329 314

Deposits405 399 400

Amounts may not foot due to rounding.

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

(2)Current quarter capital ratios are preliminary.

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

•Net income available to common shareholders was $1.5 billion, or $1.23 per diluted share, resulting in a ROCE of 10.4% and ROTCE(1) of 15.4%

•Total revenue - TE(1) was up 2.2%

◦Net interest income - TE(1) increased 0.6%; NIM - TE(1) was down four basis points

◦Noninterest income was up $91 million, or 5.9%, driven by income from equity investments

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

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

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

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

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

•Asset quality remains strong

◦NCO ratio of 50 basis points was down 11 basis points driven by declines in net charge-offs across most portfolios

◦Loans 90 days or more past due and still accruing were 0.04% of total loans HFI, excluding government guaranteed loans

◦Nonperforming loans to total loans HFI were up slightly at 0.51%

◦ALLL ratio of 1.51% was down two basis points

•Capital levels remain strong

◦Repurchased $1.2 billion of common shares, resulting in dividend and total payout ratios of 42% and 121%, respectively

◦CET1 ratio(2) was 10.9%

CEO Commentary

“We delivered strong second-quarter results, with earnings per share increasing 37% year over year, driven by disciplined execution against our strategic priorities, higher fee income, strong credit performance, and the return of capital to shareholders.

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

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

— Bill Rogers, Truist Chairman & CEO

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Contact:

Investors:Brad Milsapsinvestors@truist.com

Media:Kyle Tarrancemedia@truist.com

Net Interest Income, Net Interest Margin, and Average Balances

Quarter EndedChange

(Dollars in millions)2Q261Q262Q25 Link Quarter

Like Quarter

Interest income$5,967 $5,855 $6,154 $112 1.9 %$(187)(3.0)%

Plus: TE adjustment(1) 46 45 48 1 2.2 (2)(4.2)

Interest income - TE(1)

6,013 5,900 6,202 113 1.9 (189)(3.0)

Interest expense2,346 2,256 2,567 90 4.0 (221)(8.6)

Net interest income - TE(1)

$3,667 $3,644 $3,635 $23 0.6 $32 0.9

NIM - TE(1)

2.98 %3.02 %3.02 %(4) bps(4) bps

Average Balances(2)

Total earning assets$492,461 $486,354 $480,983 $6,107 1.

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News Release

Truist reports first quarter 2026 results

Net income available to common shareholders of $1.4 billion

EPS of $1.09 per diluted share, up 25% compared to 1Q25

Continued to return significant capital to shareholders through $1.8 billion of dividends and repurchases of common shares

1Q26 Key Financial Data

1Q26 Performance Highlights(3)

(Dollars in billions, except per share data)1Q264Q251Q25

Summary Income Statement

Net interest income$3.60 $3.70 $3.51

Net interest income - TE(1)

3.64 3.75 3.56

Noninterest income1.55 1.55 1.39

Total revenue5.15 5.25 4.90

Total revenue - TE(1)

5.20 5.30 4.95

Noninterest expense2.98 3.17 2.91

Net income1.48 1.35 1.26

Net income available to common shareholders1.38 1.29 1.16

PPNR(1)

2.21 2.13 2.04

Key Metrics

Diluted EPS$1.09 $1.00 $0.87

BVPS47.60 47.74 44.85

TBVPS(1)

33.19 33.48 30.95

ROCE9.3 %8.5 %8.1 %

ROTCE(1)

13.8 12.7 12.3

Efficiency ratio 57.9 60.4 59.3

NIM - TE(1)

3.02 3.07 3.01

NCO ratio0.61 0.57 0.60

ALLL ratio1.53 1.53 1.58

CET1 ratio(2) 10.8 10.8 11.3

Average Balances

Assets$544 $542 $532

Securities116 118 124

Loans and leases 329 327 308

Deposits399 396 392

Amounts may not foot due to rounding.

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

(2)Current quarter capital ratios are preliminary.

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

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

•Total revenue - TE(1) was down 1.9%

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

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

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

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

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

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

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

•Asset quality remains strong

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

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

◦ALLL ratio was flat

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

•Capital levels remain strong

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

◦CET1 ratio(2) was 10.8%

CEO Commentary

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

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

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

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

— Bill Rogers, Truist Chairman & CEO

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Contact:

Investors:Brad Milsapsinvestors@truist.com

Media:Shelley Millermedia@truist.com

Net Interest Income, Net Interest Margin, and Average Balances

Quarter EndedChange

(Dollars in millions)1Q264Q251Q25 Link Quarter

Like Quarter

Interest income$5,855 $6,114 $5,988 $(259)(4.2)%$(133)(2.2)%

Plus: TE adjustment(1) 45 49 48 (4)(8.2)(3)(6.3)

Interest income - TE(1)

5,900 6,163 6,036 (263)(4.3)(136)(2.3)

Interest expense2,256 2,414 2,481 (158)(6.5)(225)(9.1)

Net interest income - TE(1)

$3,644 $3,749 $3,555 $(105)(2.8)$89 2.5

NIM - TE(1)

3.02 %3.07 %3.01 %(5) bps1 bp

Average Balances(2)

Total earning assets$486,354 $484,597 $476,214 $1,757 0.4 %$10,140 2.1 %

Total interest-bearing liabilities363,363358,724349,0594,639 1.3 14,304 4.1

Yields / Rates(1)

Total earning assets4.90 %5.05 %5.12 %(15) bps(22) bps

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