Truist Financial Corporation · NYSE:TFC
Truist Financial — Q4 2025 Earnings Presentation
25 slides from Truist Financial's earnings presentation, Jan 21, 2026
Slide 1: Fourth Quarter 2025 Earnings Conference Call
Fourth Quarter 2024 Fourth Quarter Earnings 2025 Conference Call Earnings Conference Call Bill Rogers – Chairman & CEO Bill Rogers - Chairman Mike Maguire – CFO& CEO Mike Maguire - CFO January 21, 2026 January 21, 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
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: 2025 key takeaways
2025 key takeaways Strong 2025 results provide a foundation for accelerated growth and profitability improvement in 2026 Executed against top strategic priorities in 2025 2025 by the numbers $5.0 billion Net income available to common shareholders – Generated broad-based wholesale and consumer loan
Slide 6: Consumer and Small Business Banking highlights
Consumer and Small Business Banking highlights Average consumer deposits Average consumer loans Digital share of new-to-bank clients Digital transaction volume ($ in billions) ($ in billions) (in millions) 600 700 8% 2% 1% 5% bps 6% bps 6% 349 $214 $213 45% 42% 323 $211 $135 $132 $210 $127 $126 39%
Slide 7: Wholesale Banking highlights
Wholesale Banking highlights Average wholesale loans Investment banking & trading income Wealth management income(1) Wholesale payments fees(2) ($ in billions) ($ in millions) ($ in millions) ($ in millions) (6%) 4% 8% 8% 3% 6% $1,203 $1,431 $468 $190 $184 28% $1,136 1% $435 $179 $365 $1,371 $335 $3
Slide 8: Performance highlights
Performance highlights $ in millions, except per share data Earnings GAAP / Unadjusted 4Q25 3Q25 4Q24 2025 2024 – 4Q25 net income of $1.3 billion, or $1.00 per diluted share Revenue $5,295 $5,238 $5,111 $20,515 $13,490 includes: – $130 million ($99 million after-tax) or $0.08 per share Expense $3,17
Slide 9: Average loans and leases HFI
Average loans and leases HFI Average loans were up 1.3% vs. 3Q25 reflecting continued broad-based growth in wholesale and consumer 5-quarter trend Loan portfolio composition ($ in billions) 2% 10% Credit card Other consumer $321 $320 $325 $307 $313 $303 $130 $123 $126 $129 8% $121 Indirect auto 3% H
Slide 10: Average deposits
Average deposits Average deposits were stable and average cost of deposits improved vs. 3Q25 5-quarter trend Commentary ($ in billions) – Average deposits remained stable vs. 3Q25 as a decline in non-client deposits was offset with growth in client deposits $400 – End-of-period deposits increased 1.
Slide 11: Net interest income and net interest margin
Net interest income and net interest margin Net interest income increased 1.9% vs. 3Q25 due primarily to client loan and deposit growth and fixed rate asset repricing ~ 5-quarter net interest income and net interest margin trend Fixed rate asset repricing and NII outlook ($ in millions) ($ in billio
Slide 12: Noninterest income
Noninterest income Noninterest income details Vs. linked quarter ($ in millions) – Noninterest income declined 0.8%, due to modest declines in several categories partially offset by higher investment banking & trading Categories 4Q25 vs. 3Q25 vs. 4Q24 2025 vs. 2024 income Wealth management $365 (2.4
Slide 13: Noninterest expense
Noninterest expense Noninterest expense details Vs. linked quarter ($ in millions) – Noninterest expense increased 5.2%, primarily driven by: – higher other expense due to an incremental legal accrual Categories 4Q25 vs. 3Q25 vs. 4Q24 2025 vs. 2024 – higher personnel expense primarily due to higher
Slide 14: Asset quality
Asset quality Asset quality metrics reflect strong credit discipline NCO and NCO ratio Provision for credit losses ($ in millions) ($ in millions) $1,803 $1,870 $1,894 $1,705 $453 $470 $512 $385 $471 $436 0.59% 0.57% 0.59% 0.54% 0.48% 4Q24 3Q25 4Q25 2024 2025 4Q24 3Q25 4Q25 2024 2025 Nonperforming l
Slide 15: 1Q26 and 2026 outlook
1Q26 and 2026 outlook 4Q25 actuals 1Q26 outlook Revenue (TE): 13.9% $5.3 billion Down 2 to 3% Noninterest expense: $3.2 billion Down 4 to 5%(1) Share repurchases: $750 million ~$1 billion Full year 2025 actuals Full year 2026 outlook Revenue (TE): $20.5 billion Up 4% to 5% Noninterest expense: $12.1
Slide 16: A clear path to achieving our ROTCE target
A clear path to achieving our ROTCE target Delivering on our top business and profitability objectives is essential to achieve our 15% ROTCE target Key drivers to our ROTCE Top business growth and profitability initiatives target Consumer & Small Wholesale Banking Business Banking Execute top busine
Slide 17: Appendix
Appendix
Slide 18: 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 $678 million, compared to $657 million in the prior quarter Income statement ($ MM) 4Q25 vs. 3Q25 vs. 4Q24 – Net i
Slide 19: Wholesale Banking
Wholesale Banking Represents Commercial & Corporate Banking, Investment Banking & Capital Markets, CRE, Wholesale Payments, and Wealth Metrics Commentary – Net income of $1.1 billion, compared to $1.2 billion in the prior quarter Income statement ($ MM) 4Q25 vs. 3Q25 vs. 4Q24 – Net interest income o
Slide 20: Preferred dividend
Preferred dividend 1Q26 2Q26 3Q26 4Q26 Estimated dividends based on projected interest rates, $104 $46 $112 $43 redemptions, and issuances ($ in millions) Estimates assume forward-looking interest rates as of 12/31/25. Actual interest rates , redemptions, or issuances could vary significantly causin
Slide 21: Non-GAAP reconciliations
Non-GAAP reconciliations Calculations of common equity tier 1 capital ratios $ in millions Quarter Ended Dec. 31 Sept. 30 Dec. 31 2025 2025 2024 Risk-based capital: (preliminary) Common equity tier 1 $ 48,028 $ 48,031 $ 48,225 Accumulated Other Comprehensive Income (AOCI) related adjustments (5,597)
Slide 22: Non-GAAP reconciliations
Non-GAAP reconciliations Efficiency ratio from continuing operations $ in millions Quarter Ended Year-to-Date Dec. 31 Sept. 30 June 30 March 31 Dec. 31 Dec. 31 Dec. 31 2025 2025 2025 2025 2024 2025 2024 Efficiency ratio numerator - noninterest expense - unadjusted $ 3,170 $ 3,014 $ 2,986 $ 2,906 $ 3
Slide 23: Non-GAAP Reconciliations
Non-GAAP Reconciliations Operating leverage from continuing operations(1) $ in millions Year-to-Date Dec. 31 Dec. 31 Dec. 31 2025 2024 2023 Revenue(2) - GAAP $ 20,319 $ 13,278 $ 20,022 Taxable equivalent adjustment 196 212 220 Securities (gains) losses 19 6,651 — Revenue(2) - adjusted $ 20,534 $ 20,
Slide 24: Non-GAAP Reconciliations
Non-GAAP reconciliations Pre-provision net revenue from continuing operations $ in millions Quarter Ended Year-to-Date Dec. 31 Sept. 30 June 30 March 31 Dec. 31 Dec. 31 Dec. 31 2025 2025 2025 2025 2024 2025 2024 Net income from continuing operations $ 1,354 $ 1,452 $ 1,240 $ 1,261 $ 1,289 $ 5,307 $
Slide 25: Non-GAAP Reconciliations
Non-GAAP reconciliations Return on average tangible common equity $ in millions As of / Quarter Ended Year Ended Dec. 31 Sept. 30 June 30 March 31 Dec. 31 Dec. 31 Dec. 31 2025 2025 2025 2025 2024 2025 2024 Net income available to common shareholders - GAAP $ 1,289 $ 1,348 $ 1,180 $ 1,157 $ 1,216 $ 4