Truist Financial Corp. Q2 2026 Results

Truist Financial Corp (NYSE:TFC) posted second‑quarter 2026 results that beat analyst expectations. Adjusted earnings per share were $1.23, surpassing the consensus estimate of $1.08. Revenue for the quarter was $5.27 billion, marginally ahead of the $5.24 billion forecast. Net income available to common shareholders totaled $1.52 billion, or $1.23 per diluted share, representing a 37 % increase from the $0.90 per share reported in the second quarter of 2025.

On a taxable‑equivalent basis, revenue rose 5.5 % year‑over‑year to $5.31 billion, driven by higher investment‑banking and trading income as well as wealth‑management revenue. Net interest income on a taxable‑equivalent basis increased 0.6 % to $3.67 billion compared with the first quarter, while the net interest margin narrowed four basis points to 2.98 %. Non‑interest income climbed $91 million, or 5.9 %, to $1.64 billion, primarily from higher equity‑investment income. Non‑interest expense rose $72 million, or 2.4 %, to $3.06 billion, reflecting higher variable incentives and continued investment in talent and technology.

Average loans and leases held for investment grew $2.1 billion, or 0.7 %, to $329.2 billion, supported by commercial and industrial loan growth. Average deposits increased $5.9 billion, or 1.5 %, to $404.9 billion. Asset quality remained strong, with the net charge‑off ratio falling 11 basis points to 0.50 % and the allowance for loan and lease losses ratio at 1.51 %, down two basis points from the prior quarter.

Bill Rogers, Chairman and CEO, said the bank “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.” The bank returned $1.8 billion to shareholders through dividends and share repurchases during the quarter. The common equity tier 1 capital ratio rose ten basis points to 10.9 %.

Shares edged up 1.39 % in pre‑market trading following the announcement.