Truist Financial Corporation · NYSE:TFC
Truist Financial — Q2 2025 Earnings Presentation
25 slides from Truist Financial's earnings presentation, Jul 18, 2025
Slide 1: Second Quarter 2025 Earnings Conference Call
Fourth Quarter 2024 Second Quarter Earnings 2025 Conference Call Earnings Conference Call Bill Rogers – Chairman & CEO Bill Rogers - Chairman Mike Maguire – CFO& CEO Mike Maguire - CFO July 18, 2025 July 18, 2025
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 Information
Non-GAAP 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 analysis o
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: 2Q25 key takeaways
2Q25 key takeaways Reported solid 2Q25 results By the numbers – Strong linked-quarter growth in C&I and consumer $1.2 billion loans Net income available to common shareholders – Asset quality metrics remained strong $0.90 1 – Repurchased $750 million of common stock; targeting Diluted EPS $500 milli
Slide 6: Business segment update
Business segment update Consumer & Small Business Banking Wholesale Banking – Continued net new checking account momentum; added ~37K in – EOP loans increased by $5.3 billion, or 2.9% vs. 1Q25, driven by 2Q25, supported by a strong 82% primacy rate broad-based growth across industry groups and geogr
Slide 7: Elevating the digital client journey
Elevating the digital client journey Digital share of new-to-bank clients Mobile app users Driving digital growth (in millions) – Experience enhancements and performance marketing drove 17% year-over-year growth in digital account production +6% +900 bps – New-to-bank clients acquired through the di
Slide 8: Performance highlights
Performance highlights $ in millions, except per share data Earnings GAAP / Unadjusted 2Q25 1Q25 2Q24 – 2Q25 net income available to common Revenue $5,035 $4,947 $(1,632) shareholders of $1.2 billion, or $0.90 per share Expense $2,986 $2,906 $3,094 – Includes $0.03 per share of after-tax restructuri
Slide 9: Average loans and leases HFI
Average loans and leases HFI Average loans up 2.0% linked quarter driven by increased loan production 5-quarter trend Loan portfolio composition ($ in billions) 2% 9% Credit card Other consumer $313 $306 $303 $303 $306 $126 8% $120 $120 $121 $123 Indirect auto 3% Home equity 51% Commercial and $187
Slide 10: Average deposits
Average deposits 1 Average deposits up 2.1% linked quarter 5-quarter trend Deposit mix ($ in billions) 27% 34% DDA Money market and savings $388 $384 $390 $392 $400 $400B $107 Average $108 $106 $108 $106 deposits 29% 10% $286 $294 Interest Time $280 $278 $282 checking deposits 1,2 Cumulative deposit
Slide 11: Net interest income and net interest margin
Net interest income and net interest margin NII increased 2.3% primarily due to loan growth ~ 5-quarter net interest income and net interest margin trend Fixed rate asset repricing summary ($ in millions) ($ in billions) $138 – Net interest income expected to increase ~3% $20 vs. 2024 which assumes
Slide 12: Noninterest income
Noninterest income Investment banking and trading well positioned for 2H25 improvement Current trend Vs. linked quarter ($ in millions) – GAAP and adjusted noninterest income increased 0.6% and 1.8%, respectively, primarily driven by higher other income, partially offset by lower investment banking
Slide 13: Noninterest expense
Noninterest expense Expenses reflect strategic investments; full year expense guidance remains unchanged Current trend Vs. linked quarter ($ in millions) – Noninterest expense increased 2.8% primarily driven by higher personnel expense, partially offset by lower restructuring charges – Adjusted noni
Slide 14: Asset quality
Asset quality Strong asset quality reflects continued credit discipline Net charge-offs Provision for credit losses ($ in millions) ($ in millions) $442 $453 $454 $418 $396 $471 $458 $488 $451 $448 0.58% 0.55% 0.59% 0.60% 0.51% 2Q24 3Q24 4Q24 1Q25 2Q25 2Q24 3Q24 4Q24 1Q25 2Q25 NCO NCO ratio Nonperfo
Slide 15: Capital
Capital Well positioned to grow and return capital to shareholders CET1 ratio Capital actions and commentary – CET1 ratio decreased 30 bps vs. 3/31/25 as capital returned to 11.6% 11.3% shareholders and an increase in RWA were partially offset by current 11.0% quarter earnings 7.0% – Returned $1.4 b
Slide 16: 3Q25 and 2025 outlook
3Q25 and 2025 outlook Full year 2025 revenue and expense outlook unchanged 2Q25 actuals 3Q25 outlook 13.9% (compared to 2Q25) Adjusted revenue (TE): $5.1 billion Up 2.5% to 3.5% Adjusted expenses: $3.0 billion Up ~1% Share repurchases: $750 million $500 million Full year 2024 actuals Full year 2025
Slide 17: Key takeaways
Key takeaways 2025 strategic priorities Executing on strategic growth initiatives Driving positive operating leverage through revenue growth and expense discipline Investing in talent, technology, and risk infrastructure Maintaining credit and risk discipline Returning capital to shareholders 17
Slide 18: Appendix
Appendix
Slide 19: 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 $601 million, compared to $603 million in the prior quarter Income statement ($ MM) 2Q25 vs. 1Q25 vs. 2Q24 – Net i
Slide 20: Wholesale Banking
Wholesale Banking Represents Commercial & Corporate Banking, Investment Banking & Capital Markets, CRE, Wholesale Payments, and Wealth Metrics Commentary – Net income of $936 million, compared to $886 million in the prior quarter Income statement ($ MM) 2Q25 vs. 1Q25 vs. 2Q24 – Net interest income o
Slide 21: Preferred dividend
Preferred dividend 3Q25 4Q25 1Q26 2Q26 Estimated dividends based on projected interest rates $104 $59 $104 $76 and amounts outstanding ($ MM) Estimates assume forward-looking interest rates as of 6/30/25. Actual interest rates could vary significantly causing dividend payments to differ from the est
Slide 22: Non-GAAP reconciliations: Adjusted Net Income and Diluted EPS
Non-GAAP reconciliations Adjusted Net Income and Diluted EPS $ in millions, except per share data, shares in thousands Quarter Ended Year-to-Date June 30 March 31 Dec. 31 Sept. 30 June 30 June 30 June 30 2025 2025 2024 2024 2024 2025 2024 Net Income (loss) available to common shareholders from conti
Slide 23: Non-GAAP reconciliations: Efficiency ratio and fee income ratio
Non-GAAP reconciliations Efficiency ratio and fee income ratio from continuing operations $ in millions Quarter Ended Year-to-Date June 30 March 31 Dec. 31 Sept. 30 June 30 June 30 June 30 2025 2025 2024 2024 2024 2025 2024 Efficiency ratio numerator - noninterest expense - unadjusted $ 2,986 $ 2,90
Slide 24: Non-GAAP reconciliations: Pre-provision net revenue
Non-GAAP reconciliations Pre-provision net revenue $ in millions Quarter Ended Year-to-Date June 30 March 31 Dec. 31 Sept. 30 June 30 June 30 June 30 2025 2025 2024 2024 2024 2025 2024 Net income from continuing operations $ 1,240 $ 1,261 $ 1,289 $ 1,439 $ (3,906) $ 2,501 $ (2,773) Provision for cre
Slide 25: Non-GAAP reconciliations: Tangible common equity
Non-GAAP reconciliations Calculations of tangible common equity and related measures $ in millions, except per share data, shares in thousands As of / Quarter Ended Year-to-Date June 30 March 31 Dec. 31 Sept. 30 June 30 June 30 June 30 2025 2025 2024 2024 2024 2025 2024 Common shareholders’ equity $