Truist Financial Corporation · NYSE:TFC
Truist Financial — Q1 2026 Earnings Presentation
24 slides from Truist Financial's earnings presentation, Apr 17, 2026
Slide 1: First Quarter 2026 Earnings Conference Call
Fourth Quarter 2024 First QuarterConference Earnings 2026 Call Earnings Conference Call Bill Rogers – Chairman & CEO Bill Rogers - Chairman Mike Maguire – CFO& CEO Mike Maguire - CFO April 17, 2026 April 17, 2026
Slide 2: Forward-looking statements
Forward-looking statements From time to time we have made, and in the future will make, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current fact
Slide 3: Non-GAAP financial information
Non-GAAP financial information This presentation contains financial information and performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Truist’s management uses these “non-GAAP” measures in their
Slide 4: Purpose, Mission and Values
Purpose Inspire and build better lives and communities Mission Clients Teammates Stakeholders Provide distinctive, secure, Create an inclusive and Optimize long-term value for and successful client energizing environment that stakeholders through safe, experiences through touch empowers teammates to
Slide 5: 1Q26 key takeaways
1Q26 key takeaways First quarter results reinforce confidence in outlook for improved profitability Executing on strategic priorities 1Q26 by the numbers – Delivered 25% diluted EPS growth vs. 1Q25 $1.4 billion Net income available to common shareholders – Generated 12% noninterest income growth vs.
Slide 6: Consumer and Small Business Banking highlights
Consumer and Small Business Banking highlights Average CSBB deposits Average CSBB loans HFI Digital share of new-to-bank clients Digital transaction volume ($ in billions) ($ in billions) (in millions) 1% 500 4% bps $210 $213 6% 45% $133 40% $128 88 83 1Q25 1Q26 1Q25 1Q26 1Q25 1Q26 1Q25 1Q26 AI in a
Slide 7: Wholesale Banking highlights
Wholesale Banking highlights Average Wholesale deposits and loans HFI Investment banking & trading income Wealth management income Wholesale payments fees(1) ($ in billions) ($ in millions) ($ in millions) ($ in millions) 36% 9% 8% 3% $372 2% $194 $370 $178 $122 $344 $118 $146 $148 $273 1Q25 1Q26 1Q
Slide 8: Performance highlights
Performance highlights $ in millions, except per share data Earnings Key metrics 1Q26 vs. 4Q25 vs. 1Q25 – Reported 1Q26 net income available to common shareholders of $1.4 billion, or $1.09 per share Revenue $5,197 (1.9)% 5.1% – Diluted EPS increased 9.0% vs. 4Q25 and 25% vs. 1Q25 Expense $2,983 (5.
Slide 9: Average loans and leases HFI
Average loans and leases HFI Loan growth trends aligned with accelerating profitability 5-quarter trend Loan portfolio composition ($ in billions) 2% 10% Credit card Other consumer $321 $320 $325 $327 $307 $313 $130 $128 $123 $126 $129 8% Indirect auto 3% Home equity 51% Commercial $199 and $184 $18
Slide 10: Average deposits
Average deposits Client deposit growth remains a key strategic focus 5-quarter trend Commentary ($ in billions) – Average deposits increased 0.7% vs. 4Q25 and 1.7% vs. 1Q25 $400 $399 driven by growth in interest checking $392 $397 $396 $107 $103 – Total deposit costs improved 9 bps to 1.55% in 1Q26
Slide 11: Net interest income and net interest margin
Net interest income and net interest margin Net interest income outlook reflects updated market rate expectations ~ 5-quarter net interest income and net interest margin trend Fixed rate asset repricing and NII outlook ($ in millions) ($ in billions) $133 – Net interest income expected to increase 2
Slide 12: Noninterest income
Noninterest income Investment banking and trading and wealth management key drivers of growth Noninterest income details Vs. linked quarter ($ in millions) – Noninterest income increased 0.5% primarily driven by: Categories 1Q26 vs. 4Q25 vs. 1Q25 – increased investment banking and trading income – o
Slide 13: Noninterest expense
Noninterest expense Noninterest expense growth remains well controlled Noninterest expense details Vs. linked quarter ($ in millions) – Noninterest expense decreased 5.9%, primarily driven by: Categories 1Q26 vs. 4Q25 vs. 1Q25 – lower other expense driven by an incremental legal accrual in 4Q25 – lo
Slide 14: Asset quality
Asset quality Asset quality metrics remain strong; NCO ratio stable vs. 1Q25 NCO and NCO ratio Provision for credit losses ($ in millions) ($ in millions) $470 $491 $454 $396 $488 $512 $479 $385 $458 $436 0.60% 0.57% 0.61% 0.51% 0.48% 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 Nonperforming l
Slide 15: Investor area of focus: NDFI exposure
Investor area of focus: NDFI exposure ~$39B of loans classified as NDFI, ~12% of total loans; diversified portfolio with strong asset quality and structural protections 1Q26 NDFI composition (% of total loans) NDFI composition Selected notable asset types Description Consumer credit $4B / 1% Auto lo
Slide 16: Capital
Capital Well-positioned to operate within the evolving capital framework CET1 ratio Capital actions and commentary – CET1 ratio remained stable at 10.8% vs. 4Q25 – Continue to return significant capital to shareholders – Completed $1.1 billion of share repurchases in 1Q26 vs. $750 7.0% million in 4Q
Slide 17: 2Q26 and 2026 outlook
2Q26 and 2026 outlook 1Q26 actuals 2Q26 outlook Revenue (TE): 13.9% $5.2 billion Stable Noninterest expense: $3.0 billion Up 3 to 4% Share repurchases: $1.1 billion ~$1.2 billion Full year 2025 actuals Full year 2026 outlook Revenue (TE): $20.5 billion Up ~4% Noninterest expense: $12.1 billion Up ~1
Slide 18: Confident in achieving full year 2027 ROTCE of 15%
Confident in achieving full year 2027 ROTCE of 15% Establishing a 16% to 18% long-term ROTCE target ROTCE outlook Key drivers of profitability improvement Execute top business growth and profitability initiatives 16% to 18% Drive positive operating leverage ~14% ~15% ~14% Continue to benefit from fi
Slide 19: Appendix
Appendix
Slide 20: Consumer and Small Business Banking
Consumer and Small Business Banking Represents Branch Banking, Digital Banking, Premier Banking, Small Business Banking, and National Consumer Lending Metrics Commentary – Net income of $733 million, compared to $663 million in the prior quarter Income statement ($ MM) 1Q26 vs. 4Q25 vs. 1Q25 – Net i
Slide 21: Wholesale Banking
Wholesale Banking Represents Commercial & Corporate Banking, Investment Banking & Capital Markets, CRE, Wholesale Payments, and Wealth Metrics Commentary – Net income of $0.9 billion, compared to $1.0 billion in the prior quarter Income statement ($ MM) 1Q26 vs. 4Q25 vs. 1Q25 – Net interest income o
Slide 22: Preferred dividend
Preferred dividend 2Q26 3Q26 4Q26 1Q27 Estimated dividends based on projected interest rates, $34 $114 $43 $113 redemptions, and issuances ($ in millions) Estimates assume forward-looking interest rates as of 3/31/26. Actual interest rates , redemptions, or issuances could vary significantly causing
Slide 23: Non-GAAP reconciliations
Non-GAAP reconciliations Pre-provision net revenue from continuing operations $ in millions Quarter Ended March 31 Dec. 31 Sept. 30 June 30 March 31 2026 2025 2025 2025 2025 Net income from continuing operations $ 1,481 $ 1,354 $ 1,452 $ 1,240 $ 1,261 Provision for credit losses 479 512 436 488 458
Slide 24: Non-GAAP reconciliations
Non-GAAP reconciliations Return on average tangible common equity $ in millions As of / Quarter Ended Year Ended March 31 Dec. 31 Sept. 30 June 30 March 31 Dec. 31 2026 2025 2025 2025 2025 2025 Net income available to common shareholders - GAAP $ 1,377 $ 1,289 $ 1,348 $ 1,180 $ 1,157 $ 4,974 Amortiz