3Q26 Earnings Presentation

Mike Lyons - President and CEO Mike Maguire - CFO

October 16, 2026

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 its analysis of Truist's performance and the efficiency of its operations. Management believes these non-GAAP measures are useful to investors because they provide a greater understanding of ongoing operations, enhance comparability of results with prior periods, and demonstrate the effects of significant items in the current period. Truist believes a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Below is a listing of the types of non-GAAP measures used in this presentation:

Adjusted net income available to common shareholders and adjusted diluted EPS - Adjusted net income available to common shareholders and adjusted diluted EPS are non-GAAP in that these measures exclude selected items, net of tax. Truist's management uses these measures in its analysis of Truist's performance. Truist's management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. Diluted EPS impact for individual items may not foot to difference between GAAP diluted and adjusted diluted EPS due to rounding.

Taxable-equivalent measures - Taxable-equivalent revenue, taxable-equivalent interest income, taxable-equivalent net interest income, and taxable-equivalent net interest margin include a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Truist's management uses these measures in its analysis of Truist's performance. Truist's management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.

Adjusted revenue - Adjusted revenue includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue additionally excludes selected items. Truist's management uses this measure in its analysis of Truist's performance. Truist's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.

Adjusted noninterest income and expense - Adjusted noninterest income and expense are non-GAAP measures that exclude selected items. Truist's management uses these measures in its analysis of Truist's performance. Truist's management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.

Pre-provision net revenue (PPNR) - PPNR is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes and includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted PPNR is a non-GAAP measure that additionally excludes selected items. Truist's management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.

Tangible common equity and related measures - Tangible common equity, average tangible common equity, and related measures, including ROTCE, adjusted ROTCE, and TBVPS, are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes, and its related amortization. Adjusted ROTCE is a non-GAAP measure that additionally excludes other selected items. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist's management uses these measures to assess profitability, returns relative to balance sheet risk, and shareholder value.

Adjusted return on average assets - Adjusted ROA is a non-GAAP measure in that it excludes selected items. Truist's management uses this measure in its analysis of Truist's performance. Truist's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges.

Net charge-off ratio, excluding RAC - The net charge-off ratio excluding Regional Acceptance Corporation (RAC) is a non-GAAP measure in that it excludes certain loans and the related charge-offs. Truist's management uses this measure in its analysis of Truist's performance. Truist's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results.

Truist does not provide reconciliations for forward-looking non-GAAP financial measures because it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of Truist's control, or cannot be reasonably predicted. For the same reasons, Truist is unable to address the probable significance of the unavailable information.

A copy of this presentation is available on the Truist Investor Relations website, ir.truist.com.

3

3Q26 by the numbers

(Reported / adjusted(2))

$0.56 / $1.16

Diluted EPS

7.2% / 14.6%

ROTCE (non-GAAP)

0.77% / 0.38%

NCO ratio

10.7%

CET1 ratio

3Q26 results reflect strategic actions(1)

• Delivered solid results

  • Continued momentum in client deposit growth

  • Record quarter in wealth management income

  • Asset quality metrics remain strong

  • Maintained expense discipline

  • Returned $1.8 billion to shareholders through $0.6 billion of common dividends and $1.2 billion of share repurchases

• Completed the RAC loan sale and AFS securities repositioning

  • Strategic actions improved credit, liquidity, and funding profile

• On track to achieve ROTCE targets

  Building a high-performing company

• Clarifying strategy: Become the most important financial partner to our clients

• Focusing resources: Ongoing franchise review to reallocate capital and expenses to align to strategy and enhance balance sheet composition

• Driving better execution: Operate with greater urgency, flatten the organization, add to existing talent, and increase accountability to drive faster growth and higher returns

  1. Strategic actions include RAC loan sale and AFS securities repositioning

  2. Represents a non-GAAP financial measure and excludes the impact of strategic actions; for all non-GAAP measures, including those that are not adjusted, see appendix for reconciliations 4

  Update on strategic review of loan portfolios Portfolio actions sharpen strategic focus and enhance risk profile Completed RAC loan sale and AFS securities repositioning Signed agreement to sell LightStream(1)

• Sold $5.5 billion RAC auto loan portfolio for $5.2 billion

• Sale created $990 million or 23 bps of CET1 capital(2)

• Reduces NCOs by ~10 bps annually and NPLs by >10 bps

• Repaid $5.2 billion of borrowings

• Sold $8.6 billion of book value AFS securities with a weighted average book yield of 2.67% and a duration of 5.8 years

  • Recorded a pre-tax loss of $1.4 billion

• Purchased $7.2 billion of securities with a weighted average yield of 5.60%(3) and a duration of 2.3 years

• Transactions modestly accretive to earnings, ROTCE, and tangible book value per share

• Signed agreement to sell $7.7 billion of loans representing substantially all assets of LightStream, a national unsecured lending platform, to Carlyle Group Inc.

• Non-core, loan only business generating a below target ROTCE

• Transaction expected to:

  • Generate $7.2 billion of net proceeds

  • Create ~$850 million or 20 bps of CET1 capital(4)

  • Reduce NCOs by ~7 bps annually

• Closing anticipated in 4Q26, subject to satisfaction of customary closing conditions

• Plan to utilize proceeds to repay wholesale borrowings

• Will evaluate a potential AFS securities repositioning to offset capital created from sale

• Broader strategic review ongoing

1. LightStream metrics are estimates and preliminary and any action undertaken would be subject to market conditions

2. $990 million capital increase driven by a $442 million after-tax loan loss reserve recapture and $628 million of capital created by a reduction in risk-weighted assets partially offset by $80 million of after-tax RAC loan sale impacts

3. The blended reinvestment rate on the new investment securities purchased is 5.60% for the next 12 months including the impact of swaps and based on the Federal Funds futures curve

4. ~$850 million estimated capital increase driven by a $70 million after-tax loan loss reserve recapture and $820 million of capital created by a reduction in risk-weighted assets partially offset by

$40 million of after-tax impacts 5

Select financial highlights

Strategic actions impacted 3Q26 diluted EPS by $0.60

Strategic actions impacting 3Q26 results(1,2)

• Net income available to common shareholders was

  $684 million or $0.56 per diluted share, which included the following items:

  • $1.4 billion pre-tax ($1.1 billion after-tax) or $0.90 per share loss on the sale of AFS securities(3)

  • $581 million pre-tax ($442 million after-tax) or

    $0.36 per share loan loss reserve recapture(5)

  • $106 million pre-tax ($80 million after-tax) or

    $0.06 per share of RAC loan sale impacts(4)

• Adjusted net income available to common shareholders was $1.4 billion or $1.16 per share

• Revenue was $3.8 billion, or $5.3 billion adjusted for strategic actions

  • Adjusted revenue declined 0.1% vs. 2Q26

• Noninterest expense was $3.11 billion, or $3.07 billion adjusted for strategic actions

  • Adjusted noninterest expense increased 0.3% vs.

    2Q26

• ROTCE was 7.2%, or 14.6% excluding strategic actions

May not foot due to rounding

1. Strategic actions include RAC loan sale and AFS securities repositioning

2. Adjusted metrics include non-GAAP financial measures; for all non-GAAP measures, including those that are not adjusted, see appendix for reconciliations

3. Sold $8.6 billion of book value AFS securities and received net proceeds of $7.2 billion

4. $106 million of RAC loan sale impacts include a $66 million reduction in noninterest income and $40 million increase in noninterest expense related to costs associated with the RAC loan sale

(1) End of period investment securities were $115.7 billion at 9/30/2026

5.87%

5-quarter trend

($ in billions)

$320

$129

$325

$130

$327

$128

$329

$128

$326

$127

$192

$195

$199

$201

$199

5.71%

5.68%

5.66%

3Q25

4Q25

1Q26

Consumer and card LHFI

2Q26

3Q26

Commercial LHFI

Loans HFI yield

6.00%

Average loan roll forward

($ in billions)

$0.8

$329

($2.7)

$326

($1.7)

2Q26

Core loan growth

Strategic run-off(1)

RAC loan sale(2)

3Q26

May not foot due to rounding

(1) Reflects ceased originations in marine/RV loans and de-emphasis of certain lower return portfolios

1.64%

5-quarter trend

($ in billions)

$397

$106

$396

$106

$399

$103

$405

$104

$411

$103

$291

$290

$296

$301

$308

1.55%

1.56%

1.59%

3Q25

4Q25

1Q26

2Q26

Interest-bearing deposits Noninterest-bearing deposits

3Q26

Total deposit cost (%)

1.84%

4Q25

3Q25

1Q26

Short-term borrowings

2Q26

Long-term debt

3Q26

$29

$70

$64

$29

Deposit mix by segment

($ in billions)

3Q25

4Q25

$399

$37

$149

1Q26

$411

$38

$157

$214

$213

$213

$217

$216

$397

$40

$143

$396

$35

$148

$405

$39

$149

2Q26

3Q26

CSBB deposits Wholesale deposits Other, Treasury, & Corporate deposits

Total borrowings

($ in billions)

$68

$68

$68

$27

$31

9

5-quarter net interest income and net interest margin trend

($ in millions)

3Q25

4Q25

1Q26

Net interest income-TE(1)

2Q26 3Q26

Net interest margin-TE(1)

3.02%

$3,644

2.98%

$3,667

3.01%

$3,680

3.00%

$3,707

3.07%

$3,749

• Expect 4Q26 net interest income of $3.65 to $3.7 billion

• 4Q26 outlook reflects:

  • $125 million reduction from the RAC loan sale

  • $40 million increase from the AFS securities repositioning

($ in billions)

Total wtd. avg. rate = 3.39%

Total wtd. avg. rate = 3.75%

9/30/2026

• At 9/30, notional receive-fixed and pay-fixed swaps totaled $110 billion and $26 billion, respectively, compared with $112 billion and $24 billion at 6/30/2026

• Interest rate sensitivity position remained relatively neutral to changes in interest rates at 9/30/2026

  Active receive-fixed

  Fwd. starting receive-fixed Pay-fixed < 3yrs.

  Pay-fixed > 3yrs.

  Noninterest income

  Noninterest income details

  ($ in millions)

  Wealth management was a key driver of adjusted growth vs. 3Q25 Vs. linked quarter

• Noninterest income decreased 95% primarily driven by $1.4 billion of securities losses on the sale of certain AFS securities and $66 million of losses from the RAC loan sale included in other income

• Adjusted noninterest income declined 2.9% driven by:

  • lower other income and investment banking and trading income

  • partially offset by higher wealth management income due to favorable market performance

    Categories	3Q26	vs. 2Q26	vs. 3Q25
    Wealth management income	$407	8.5%	8.8%
    Card and treasury management fees	$347	(1.7)%	2.1%
    Investment banking and trading income	$324	(8.0)%	0.3%
    Other deposit revenue	$125	4.2%	-%
    Mortgage banking income	$113	(2.6)%	(4.2)%
    Lending related fees	$120	-%	16.5%
    Securities gains / (losses)	$(1,447)	NM	NM
    Other income	$95	(54)%	(46)%
    Total noninterest income	$84	(95)%	(95)%
    Loss on RAC loan sale(1)	$66
    Securities losses	$1,447
    Adjusted noninterest income(2)	$1,597	(2.9)%	2.5%

    Vs. like quarter

    • Noninterest income decreased 95% primarily driven by $1.4 billion of securities losses on the sale of certain AFS securities

    • Adjusted noninterest income increased 2.5% driven by higher wealth management income due to favorable market performance

Noninterest expense details

($ in millions)

• Noninterest expense increased 1.6% primarily driven by:

  • higher personnel expense, which includes $40 million of costs associated with the RAC loan sale, and professional fees and outside processing expenses

  • partially offset by all other noninterest expense

• Adjusted noninterest expense increased 0.3%

  Vs. like quarter

• Noninterest expense increased 3.0%, primarily driven by:

  • higher personnel expense, partially offset by lower other expense

• Adjusted noninterest expense increased 1.7%

3Q26

NCO and NCO ratio

($ in millions)

$629 0.77%

$470

0.57%

$491

0.61%

$414

0.50%

$385

0.48%

3Q25

2Q26

1Q26

4Q25

3Q25

Nonperforming loans / LHFI

NCOs ex. RAC NCO ratio ex. RAC

NCO ratio

NCOs

$312(1)

0.38%(1)

3Q26

2Q26

1Q26

4Q25

3Q26

$436

2Q26

ALLL / NPL

1Q26

ALLL ratio

4Q25

ALLL

3Q25

ALLL

($ in millions)

Reported

3Q26

2Q26

1Q26

Ex. RAC

4Q25

3Q25

$395

$479

$512

1.25%

$4,063

3.1x

1.51%

2.9x

$4,983

1.53%

3.1x

$5,026

1.53%

3.2x

$5,030

1.54%

3.2x

$4,988

$328(2)

Provision for credit losses

($ in millions)

(1) Excludes total NCOs for the quarter and total average loans related to RAC, as applicable, and represents a non-GAAP financial measure. See appendix for reconciliations.

Appendix

3Q26 CSBB segment results

3Q26 Wholesale segment results

Results not adjusted for the RAC loan sale

1. Excludes loans held for sale

2. Digital transactions include transfers, Zelle, bill payments, mobile deposits, ACH, and wire transfers

3. The year-over-year AUA decline is primarily attributable to a 2025 divestiture

A-1

Estimates assume forward-looking interest rates as of 9/30/2026. Actual interest rates and amounts outstanding could vary significantly causing dividend payments to differ from the estimates shown above.

2026

Net Income (loss) available to common shareholders (a) $ 684

Gross adjustments:

1. Calculated using the applicable marginal tax rate.

2. Adjusted net income available to common shareholders and adjusted diluted EPS are non-GAAP in that these measures exclude selected items, net of tax. Truist's management uses these measures in its analysis of Truist's performance. Truist's management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. Diluted EPS impact for individual items may not foot to difference between GAAP diluted and adjusted diluted EPS due to rounding.

1. Taxable-equivalent interest income, taxable-equivalent net interest income, and taxable-equivalent net interest margin include a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Truist's management uses these measures in its analysis of Truist's performance. Truist's management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.

2. Applicable ratios are annualized.

2026

1. Revenue is defined as net interest income plus noninterest income.

2. Adjusted revenue includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue additionally excludes selected items. Truist's management uses this measure in its analysis of Truist's performance. Truist's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.

1. PPNR is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes and includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted PPNR is a non-GAAP measure that additionally excludes selected items. Truist's management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.

   Non-GAAP reconciliations Tangible book value per common share and tangible common equity $ in millions, except per share data, shares data in thousands

   As of / Quarter Ended

   			Sept. 30 2026		June 30 2026		Sept. 30 2025
   Total shareholders' equity		$	61,472	$	64,095	$	65,646
   Preferred stock			(5,411)		(5,411)		(5,907)
   Common shareholders' equity	(a)	$	56,061	$	58,684	$	59,739
   Intangible assets			(18,223)		(18,287)		(18,489)
   Applicable deferred taxes related to intangible assets(1)		$	397	$	400	$	413
   Tangible common shareholders' equity(2)	(b)	$	38,235	$	40,797	$	41,663
   Outstanding shares at end of period	(c)		1,198,488		1,221,626		1,279,246
   Common shareholders' equity per common share	(a)/(c)	$	46.78	$	48.04	$	46.70
   TBVPS(2)	(b)/(c)		31.90		33.40		32.57

   1. Calculated using the applicable marginal tax rate.

   2. Tangible common equity and related measures are non-GAAP measures that exclude preferred stock and intangible assets, net of deferred taxes. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist's management uses these measures to assess balance sheet risk and shareholder value. These measures are not necessarily comparable to similar measures that may be presented by other companies.

      Non-GAAP reconciliations Return on average tangible common equity ratios $ in millions, except per share data, shares data in thousands As of / Quarter Ended Sept. 30 2026

      Net income available to common shareholders (a) $ 684

      Amortization of intangibles 62

      Applicable income taxes related to amortization of intangibles(1) (15)

      Tangible net income available to common shareholders(2) (b) $ 731

      Gross adjustments:

      Securities (gains) losses	1,447
      Reserve recapture for RAC loan sale	(581)
      RAC loan sale impact	106
      Applicable income taxes related to adjustments:(1)
      Securities (gains) losses	(346)
      Reserve recapture for RAC loan sale	139
      RAC loan sale impact	(26)
      Total adjustments, net of tax	(c) $ 739
      Adjusted tangible net income available to common shareholders(2)	(d) $ 1,470
      Average common shareholders' equity	(e) $ 57,899
      Average intangible assets	(18,258)
      Applicable deferred taxes related to intangible assets(1)	398
      Average tangible common shareholders' equity(2)	(f) $ 40,039
      ROCE(3)	(a)/(e) 4.7 %
      Adjusted ROCE(2)(3)	(a+c)/(e) 9.8 %
      ROTCE(2)(3)	(b)/(f)	7.2 %
      Adjusted ROTCE(2)(3)	(d)/(f)	14.6 %

      1. Calculated using the applicable marginal tax rate.

      2. Tangible net income available to common shareholders, average tangible common shareholders' equity, and ROTCE are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes. Adjusted tangible net income available to common shareholders and adjusted ROTCE are non-GAAP measures that additionally exclude other selected items. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist's management uses these measures to assess balance sheet risk and shareholder value. These measures are not necessarily comparable to similar measures that may be presented by other companies.

Net income (a) $ 799

1. Calculated using the applicable marginal tax rate.

2. Adjusted ROA is a non-GAAP measure in that it excludes selected items. Truist's management uses this measure in its analysis of Truist's performance. Truist's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges.

3. Applicable ratios are annualized.

A-9

1. Applicable ratios are annualized.

2. The net charge-off ratio excluding Regional Acceptance Corporation (RAC) is a non-GAAP measure in that it excludes certain loans and the related charge-offs. Truist's management uses this measure in its analysis of Truist's performance. Truist's management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results.

A-10