July 17, 2026

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Truist Financial Corporation (NYSE: TFC) reported second-quarter 2026 results above expectations, supported by higher earnings, stronger fee income, loan growth, improved credit performance, and continued capital returns.
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Truist is a large U.S. financial services company offering consumer banking, commercial banking, corporate banking, investment banking, capital markets, wealth management, payments, and specialized lending services.
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The company reported diluted EPS of $1.23, above estimates of $1.08, representing a 13.9% earnings surprise. The dashboard showed revenue of $7.61 billion, above estimates of $5.21 billion, with revenue growth of 0.8%.

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Results Showed Higher Earnings

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Net income available to common shareholders was $1.5 billion, compared with $1.2 billion in the prior-year quarter.
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Diluted EPS increased 37% year-over-year to $1.23 from $0.90.
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Total revenue was $5.27 billion, compared with $4.99 billion a year earlier.
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Total revenue on a taxable-equivalent basis was $5.31 billion, up 5.5% from the prior-year quarter.
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Pre-provision net revenue was $2.26 billion, up from $2.05 billion a year earlier.

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Fee Income Drove Growth

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Noninterest income increased 17.4% year-over-year to $1.64 billion.
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Investment banking and trading income increased 71.7% to $352 million, driven by higher trading income and capital markets revenue.
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Wealth management income increased 7.8% to $375 million, helped by higher assets under management.
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Lending-related fees increased 21.2% to $120 million.
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Noninterest expense increased 2.3% year-over-year to $3.06 billion, reflecting higher personnel expense, partly offset by lower professional fees and outside processing expense.

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Net Interest Income and Deposits

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Net interest income was $3.62 billion, compared with $3.59 billion in the prior-year quarter.
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Taxable-equivalent net interest income increased 0.9% year-over-year to $3.67 billion.
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Net interest margin on a taxable-equivalent basis was 2.98%, down from 3.02% a year earlier and down four basis points from the first quarter.
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Average deposits increased 1.5% from the first quarter to $404.9 billion, driven by growth in interest checking.
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Average loans and leases held for investment increased 0.7% from the first quarter to $329.2 billion, supported by commercial and industrial loan growth.

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Credit and Capital

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Asset quality remained strong.
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Net charge-offs were 0.50% of average loans, down from 0.61% in the first quarter.
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Provision for credit losses declined to $395 million from $479 million in the first quarter and $488 million a year earlier.
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Nonperforming loans were 0.51% of loans held for investment.
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The allowance for loan and lease losses ratio was 1.51%.
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Truist’s CET1 ratio was 10.9%, up from 10.8% in the first quarter.
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The company repurchased $1.2 billion of common stock during the quarter and declared common dividends of $0.52 per share.

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The Bigger Picture

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Truist delivered a stronger quarter across earnings, fees, credit, and capital returns.
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EPS rose sharply from the prior year, noninterest income grew double digits, and credit costs improved from both the first quarter and the prior-year period. The company also returned significant capital to shareholders through dividends and buybacks.
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The key question is whether Truist can keep building fee income and commercial loan growth while managing margin pressure from funding costs and lower loan spreads.
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