Truist Financial Corporation · NYSE:TFC
Truist Financial — Q2 2026 Earnings Presentation
23 slides from Truist Financial's earnings presentation, Jul 17, 2026
Slide 1: Second Quarter 2026 Earnings Conference Call
Second Quarter 2026 Earnings Conference Call Bill Rogers - Chairman & CEO Mike Maguire - CFO July 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: 2Q26 key takeaways
2Q26 key takeaways Executing on strategic priorities 2Q26 by the numbers – Delivered 37% diluted EPS growth $1.5 billion Net income available to common shareholders – Generated 17% noninterest income growth $1.23 Diluted EPS – Delivered 320 bps of positive operating leverage 320 bps Positive operati
Slide 6: Consumer and Small Business Banking highlights
Consumer and Small Business Banking highlights Average CSBB deposits Average CSBB loans HFI Active mobile app users(1) Digital transaction volume ($ in billions) ($ in billions) (in millions) (in millions) 2% Growth moderated by portfolio optimization actions 2% 4% 7% $217 $213 $131 $133 5.4 93 5.2
Slide 7: Wholesale Banking highlights
Wholesale Banking highlights Average Wholesale deposits(1) and loans HFI Investment banking & trading income Wealth management income Card and treasury management fees ($ in billions) ($ in millions) ($ in millions) ($ in millions) +6% ex. M&A-related 72% client deposits 8% 8% 1% (1%) $196 $352 $375
Slide 8: Performance highlights
Performance highlights $ in millions, except per share data Earnings Key metrics 2Q26 vs. 1Q26 vs. 2Q25 – Reported 2Q26 net income available to common shareholders of $1.5 billion, or $1.23 per share Revenue $5,311 2.2% 5.5% – Diluted EPS increased 13% vs. 1Q26 and 37% vs. 2Q25 Expense $3,055 2.4% 2
Slide 9: Average loans and leases HFI
Average loans and leases HFI Strong momentum in commercial; optimizing less profitable and less strategic lending portfolios 5-quarter trend Loan portfolio composition ($ in billions) 1% 10% Credit Other card consumer $325 $327 $329 $320 $313 $128 $128 $126 $129 $130 7% Indirect auto 3% Home equity
Slide 10: Average deposits
Average deposits Average deposits increased 1.1% vs. 2Q25(1) 5-quarter trend Deposit mix ($ in billions) 26% 34% $400 $399 $405 DDA Money $397 $396 market & $107 $103 $104 savings $106 $106 $405B Average deposits $294 $296 $301 31% $291 $290 Interest checking 10% Time Cumulative deposit beta trend(2
Slide 11: Net interest income and net interest margin
Net interest income and net interest margin ~ 5-quarter net interest income and net interest margin trend Fixed rate asset repricing and NII outlook ($ in millions) ($ in billions) Run-off expected – Net interest income expected to increase 1% to $131 to exceed run-on volume 1.5% in 2026 vs. 2025 $1
Slide 12: Noninterest income
Noninterest income Investment banking and trading and wealth management key drivers of growth Noninterest income details Vs. linked quarter ($ in millions) – Noninterest income increased 5.9%, primarily driven by: Categories 2Q26 vs. 1Q26 vs. 2Q25 – increased other income due to higher equity invest
Slide 13: Noninterest expense
Noninterest expense Noninterest expense growth remains well controlled Noninterest expense details Vs. linked quarter ($ in millions) – Noninterest expense increased 2.4%, primarily driven by: Categories 2Q26 vs. 1Q26 vs. 2Q25 – higher personnel expense due to increased salaries and variable incenti
Slide 14: Asset quality
Asset quality Asset quality metrics remain strong NCO and NCO ratio Provision for credit losses ($ in millions) ($ in millions) $470 $491 $488 $512 $479 $396 $385 $414 $436 $395 0.57% 0.61% 0.51% 0.48% 0.50% 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 NCO NCO ratio Nonperforming loans / LHFI A
Slide 15: Capital
Capital Well positioned to grow and return capital to shareholders CET1 ratio Capital actions and commentary – CET1 ratio increased 10 bps to 10.9% vs. 1Q26 – Balance sheet optimization efforts improving RWA density – Returned $1.8 billion of capital or 121% of earnings to 7.0% shareholders in 2Q26
Slide 16: 3Q26 and 2026 outlook
3Q26 and 2026 outlook 2Q26 actuals 3Q26 outlook 13.9% Revenue-TE(1): $5.3 billion Up ~1% Noninterest expense: $3.1 billion Up ~2% Full year 2025 actuals Full year 2026 outlook Revenue-TE(1): $20.5 billion Up 3.5% to 4% Noninterest expense: $12.1 billion Up ~1.75% Net charge-off ratio: 54 bps ~55 bps
Slide 17: On track to achieve ROTCE targets
On track to achieve ROTCE targets ROTCE outlook Key drivers of profitability improvement Execute top business growth and profitability initiatives 16% to 18% Drive positive operating leverage ~14% ~15% 14%+ Benefit from fixed rate asset repricing 12.7% Continue to optimize balance sheet and return s
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 $835 million, compared to $730 million in the prior quarter Income statement ($ MM) 2Q26 vs. 1Q26 vs. 2Q25 – 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 $1.0 billion, compared to $0.9 billion in the prior quarter Income statement ($ MM) 2Q26 vs. 1Q26 vs. 2Q25 – Net interest income o
Slide 21: Preferred dividend
Preferred dividend 3Q26 4Q26 1Q27 2Q27 Estimated dividends based on projected interest rates, $114 $42 $112 $42 redemptions, and issuances ($ in millions) Estimates assume forward-looking interest rates as of 6/30/26. Actual interest rates, redemptions, or issuances could vary significantly causing
Slide 22: Non-GAAP reconciliations
Non-GAAP reconciliations Net interest income, revenue, operating leverage, pre-provision net revenue $ in millions Quarter Ended June 30 March 31 Dec. 31 Sept. 30 June 30 2026 2026 2025 2025 2025 Net interest income $ 3,621 $ 3,599 $ 3,700 $ 3,629 $ 3,587 Taxable-equivalent adjustment 46 45 49 51 48
Slide 23: Non-GAAP reconciliations
Non-GAAP reconciliations Return on average tangible common equity and tangible book value per share $ in millions, except per share data, shares data in thousands As of / Quarter Ended June 30 March 31 Dec. 31 Sept. 30 June 30 2026 2026 2025 2025 2025 Total shareholders' equity $ 64,095 $ 64,214 $ 6