Please wait

Quarterly Performance Summary

Truist Financial Corporation

Fourth Quarter 2025

---

Table of Contents
Quarterly Performance Summary
Truist Financial Corporation
						Page
Financial Highlights						1
Consolidated Statements of Income						2
Consolidated Ending Balance Sheets						3
Average Balances and Rates						4
Credit Quality						6
Segment Financial Performance						9
Capital Information						10
Selected Mortgage Banking Information & Additional Information						11
Selected Items						12
Non-GAAP Reconciliations						13

---

Financial Highlights

			Quarter Ended																														Year-to-Date
(Dollars in millions, except per share data, shares in thousands)			Dec. 31						Sept. 30						June 30						March 31						Dec. 31						Dec. 31						Dec. 31
			2025						2025						2025						2025						2024						2025						2024
Summary Income Statement
Interest income			$	6,114					$	6,286					$	6,154					$	5,988					$	6,179					$	24,542					$	25,066
Plus: Taxable-equivalent adjustment			49						51						48						48						51						196						212
Interest income - taxable equivalent(1)			6,163						6,337						6,202						6,036						6,230						24,738						25,278
Interest expense			2,414						2,657						2,567						2,481						2,589						10,119						10,975
Net interest income			3,700						3,629						3,587						3,507						3,590						14,423						14,091
Net interest income - taxable equivalent(1)			3,749						3,680						3,635						3,555						3,641						14,619						14,303
Provision for credit losses			512						436						488						458						471						1,894						1,870
Net interest income after provision for credit losses			3,188						3,193						3,099						3,049						3,119						12,529						12,221
Noninterest income			1,546						1,558						1,400						1,392						1,470						5,896						(813)
Noninterest expense			3,170						3,014						2,986						2,906						3,035						12,076						12,009
Income (loss) before income taxes			1,564						1,737						1,513						1,535						1,554						6,349						(601)
Provision (benefit) for income taxes			210						285						273						274						265						1,042						(556)
Net income (loss) from continuing operations			1,354						1,452						1,240						1,261						1,289						5,307						(45)
Net income (loss) from discontinued operations			—						—						—						—						(13)						—						4,885
Net income			1,354						1,452						1,240						1,261						1,276						5,307						4,840
Noncontrolling interests from discontinued operations			—						—						—						—						—						—						22
Preferred stock dividends and other			65						104						60						104						60						333						349
Net Income available to common shareholders			1,289						1,348						1,180						1,157						1,216						4,974						4,469
Additional Income Statement Information
Revenue			5,246						5,187						4,987						4,899						5,060						20,319						13,278
Revenue - taxable equivalent(1)			5,295						5,238						5,035						4,947						5,111						20,515						13,490
Pre-provision net revenue(1)			2,125						2,224						2,049						2,041						2,076						8,439						1,481
Key Metrics
Earnings:
Earnings per share-basic from continuing operations			$	1.02					$	1.05					$	0.91					$	0.88					$	0.93					$	3.87					$	(0.30)
Earnings per share-basic			1.02						1.05						0.91						0.88						0.92						3.87						3.36
Earnings per share-diluted from continuing operations			1.00						1.04						0.90						0.87						0.92						3.82						(0.30)
Earnings per share-diluted			1.00						1.04						0.90						0.87						0.91						3.82						3.36
Cash dividends declared per share			0.52						0.52						0.52						0.52						0.52						2.08						2.08
Common shareholders’ equity per share			47.74						46.70						45.70						44.85						43.90
Tangible common shareholders’ equity per share(1)			33.48						32.57						31.63						30.95						30.01
End of period shares outstanding			1,262,470						1,279,246						1,289,435						1,309,539						1,315,936
Weighted average shares outstanding-basic			1,267,341						1,280,571						1,292,292						1,307,457						1,317,017						1,286,788						1,331,087
Weighted average shares outstanding-diluted			1,285,078						1,296,666						1,305,005						1,324,339						1,333,701						1,302,700						1,331,087
Return on average assets			0.99		%				1.06		%				0.93		%				0.96		%				0.96		%				0.99		%				0.92		%
Return on average common shareholders’ equity			8.5						9.0						8.1						8.1						8.4						8.4						8.0
Return on average tangible common shareholders’ equity(1)			12.7						13.6						12.3						12.3						12.9						12.7						13.3
Net interest margin - taxable equivalent(1)			3.07						3.01						3.02						3.01						3.07						3.03						3.03
Efficiency ratio-unadjusted(2)			60.4						58.1						59.9						59.3						60.0						59.4						90.4
Efficiency ratio-adjusted(1)(2)			54.9						55.7						57.1						56.4						57.7						56.0						56.3
Credit Quality
Nonperforming loans and leases as a percentage of LHFI			0.48		%				0.48		%				0.39		%				0.48		%				0.47		%
Net charge-offs as a percentage of average LHFI			0.57						0.48						0.51						0.60						0.59						0.54		%				0.59		%
Allowance for loan and lease losses as a percentage of LHFI			1.53						1.54						1.54						1.58						1.59
Ratio of allowance for loan and lease losses to nonperforming LHFI			3.2x						3.2x						3.9x						3.3x						3.4x
Average Balances
Assets			$	542,233					$	541,825					$	537,069					$	531,630					$	527,013					$	538,228					$	526,065
Securities(3)			117,707						119,180						121,829						124,061						124,871						120,673						123,858
Loans and leases			326,737						322,070						313,841						307,528						304,609						317,609						306,538
Deposits			396,010						396,600						400,483						392,204						390,042						396,335						387,868
Common shareholders’ equity			59,991						59,141						58,327						58,125						57,754						58,902						55,876
Total shareholders’ equity			65,338						65,049						64,235						64,033						64,295						64,668						62,593
Period-End Balances
Assets			$	547,538					$	543,851					$	543,833					$	535,899					$	531,176
Securities(3)			112,228						113,544						115,363						117,888						118,104
Loans and leases			330,478						325,663						319,999						309,752						307,771
Deposits			400,398						394,907						406,122						403,736						390,524
Common shareholders’ equity			60,273						59,739						58,933						58,728						57,772
Total shareholders’ equity			65,189						65,646						64,840						64,635						63,679
Capital and Liquidity Ratios			(preliminary)
Common equity tier 1			10.8		%				11.0		%				11.0		%				11.3		%				11.5		%
Tier 1			11.9						12.3						12.3						12.7						12.9
Total			13.8						14.2						14.3						14.7						15.0
Leverage			10.0						10.2						10.2						10.3						10.5
Supplementary leverage			8.3						8.5						8.5						8.7						8.8
Liquidity coverage ratio			111						110						110						111						109

Applicable ratios are annualized.

(1)Represents a non-GAAP measure. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in the Non-GAAP Reconciliations section of this Quarterly Performance Summary.

(2)This metric is calculated based on continuing operations.

(3)Includes AFS and HTM securities. Average balances reflect AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.

- 1 -

---

Consolidated Statements of Income

			Quarter Ended																														Year-to-Date
			Dec. 31						Sept. 30						June 30						March 31						Dec. 31						Dec. 31						Dec. 31
(Dollars in millions, except per share data, shares in thousands)			2025						2025						2025						2025						2024						2025						2024
Interest Income
Interest and fees on loans and leases			$	4,778					$	4,816					$	4,657					$	4,493					$	4,634					$	18,744					$	19,230
Interest on securities			896						941						961						975						994						3,773						3,506
Interest on other earning assets			440						529						536						520						551						2,025						2,330
Total interest income			6,114						6,286						6,154						5,988						6,179						24,542						25,066
Interest Expense
Interest on deposits			1,633						1,835						1,844						1,736						1,855						7,048						7,849
Interest on long-term debt			481						523						431						409						431						1,844						1,813
Interest on other borrowings			300						299						292						336						303						1,227						1,313
Total interest expense			2,414						2,657						2,567						2,481						2,589						10,119						10,975
Net Interest Income			3,700						3,629						3,587						3,507						3,590						14,423						14,091
Provision for credit losses			512						436						488						458						471						1,894						1,870
Net Interest Income After Provision for Credit Losses			3,188						3,193						3,099						3,049						3,119						12,529						12,221
Noninterest Income
Wealth management income			365						374						348						344						345						1,431						1,412
Card and treasury management fees(1)(2)			336						340						351						333						334						1,360						1,311
Investment banking and trading income			335						323						205						273						262						1,136						1,203
Other deposit revenue(1)(3)			121						125						108						117						134						471						511
Mortgage banking income			119						118						107						108						117						452						432
Lending related fees			98						103						99						95						93						395						366
Securities gains (losses)			—						—						(18)						(1)						(1)						(19)						(6,651)
Other income(4)			172						175						200						123						186						670						603
Total noninterest income			1,546						1,558						1,400						1,392						1,470						5,896						(813)
Noninterest Expense
Personnel expense(5)			1,818						1,748						1,678						1,604						1,598						6,848						6,587
Professional fees and outside processing(5)			337						346						373						364						415						1,420						1,342
Software expense			242						233						231						230						232						936						896
Net occupancy expense(5)			176						185						181						168						188						710						695
Equipment expense			90						90						89						82						112						351						373
Marketing and customer development			63						79						82						75						74						299						268
Amortization of intangibles			70						72						73						75						84						290						345
Regulatory costs			7						32						55						69						56						163						344
Other expense(4)(5)			367						229						224						239						276						1,059						1,159
Total noninterest expense			3,170						3,014						2,986						2,906						3,035						12,076						12,009
Earnings
Income (loss) before income taxes			1,564						1,737						1,513						1,535						1,554						6,349						(601)
Provision (benefit) for income taxes			210						285						273						274						265						1,042						(556)
Net income (loss) from continuing operations			1,354						1,452						1,240						1,261						1,289						5,307						(45)
Net income (loss) from discontinued operations			—						—						—						—						(13)						—						4,885
Net income			1,354						1,452						1,240						1,261						1,276						5,307						4,840
Noncontrolling interests from discontinuing operations			—						—						—						—						—						—						22
Preferred stock dividends and other			65						104						60						104						60						333						349
Net income available to common shareholders			$	1,289					$	1,348					$	1,180					$	1,157					$	1,216					$	4,974					$	4,469
Earnings Per Common Share
Earnings per share-basic from continuing operations			$	1.02					$	1.05					$	0.91					$	0.88					$	0.93					$	3.87					$	(0.30)
Earnings per share-basic			1.02						1.05						0.91						0.88						0.92						3.87						3.36
Earnings per share-diluted from continuing operations			1.00						1.04						0.90						0.87						0.92						3.82						(0.30)
Earnings per share-diluted			1.00						1.04						0.90						0.87						0.91						3.82						3.36
Weighted Average Shares Outstanding
Basic			1,267,341						1,280,571						1,292,292						1,307,457						1,317,017						1,286,788						1,331,087
Diluted			1,285,078						1,296,666						1,305,005						1,324,339						1,333,701						1,302,700						1,331,087

(1)Effective December 31, 2025, Truist reclassified treasury management fees to 'Card and treasury management fees' from 'Other deposit revenue.' Prior period balances have been conformed to current period presentation.

(2)Renamed from 'Card and payment related fees.'

(3)Renamed from 'Service charges on deposits.'

(4)Effective December 31, 2025, Truist reclassified operating lease income and operating lease depreciation into 'Other income' and 'Other expense,' respectively. Prior period balances have been conformed to current period presentation.

(5)Effective December 31, 2025, Truist reclassified the underlying activities of restructuring charges, which were previously reported in a separate financial statement caption, to their natural expense categories of 'Personnel', 'Net occupancy', 'Professional fees and outside processing', and 'Other expense.' Prior period balances have been conformed to current period presentation.

- 2 -

---

Consolidated Ending Balance Sheets - Five Quarter Trend

			Dec. 31						Sept. 30						June 30						March 31						Dec. 31
(Dollars in millions)			2025						2025						2025						2025						2024
Assets
Cash and due from banks			$	4,967					$	4,329					$	5,157					$	5,996					$	5,793
Interest-bearing deposits with banks			31,410						32,523						36,294						36,175						33,975
Securities borrowed or purchased under resale agreements			3,200						2,981						2,656						2,810						2,550
Trading assets at fair value			5,790						5,731						5,963						5,838						5,100
Securities available for sale at fair value			65,042						65,522						66,390						68,012						67,464
Securities held to maturity at amortized cost			47,186						48,022						48,973						49,876						50,640
Loans and leases:
Commercial:
Commercial and industrial			167,808						163,607						162,273						156,679						154,848
CRE			23,720						22,414						20,270						19,578						20,363
Commercial construction			7,783						8,027						8,277						8,766						8,520
Consumer:
Residential mortgage			56,807						57,623						57,828						56,099						55,599
Home equity			9,719						9,618						9,591						9,523						9,642
Indirect auto			25,659						25,490						24,558						23,628						23,089
Other consumer			32,181						32,070						31,122						29,537						29,395
Credit card			4,918						4,889						4,877						4,828						4,927
Total loans and leases held for investment			328,595						323,738						318,796						308,638						306,383
Loans held for sale			1,883						1,925						1,203						1,114						1,388
Total loans and leases			330,478						325,663						319,999						309,752						307,771
Allowance for loan and lease losses			(5,030)						(4,988)						(4,899)						(4,870)						(4,857)
Premises and equipment			3,172						3,176						3,197						3,168						3,225
Goodwill			17,125						17,125						17,125						17,125						17,125
Core deposit and other intangible assets			1,256						1,328						1,399						1,473						1,550
Loan servicing rights at fair value			3,972						3,776						3,612						3,628						3,708
Other assets			38,970						38,663						37,967						36,916						37,132
Total assets			$	547,538					$	543,851					$	543,833					$	535,899					$	531,176
Liabilities
Deposits:
Noninterest-bearing deposits			$	105,092					$	106,197					$	106,442					$	108,461					$	107,451
Interest checking			117,830						109,827						118,122						118,043						109,042
Money market and savings			139,044						135,931						133,891						136,777						137,307
Time deposits			38,432						42,952						47,667						40,455						36,724
Total deposits			400,398						394,907						406,122						403,736						390,524
Short-term borrowings			27,839						29,376						16,631						23,730						29,205
Long-term debt			41,963						41,729						44,427						32,030						34,956
Other liabilities			12,149						12,193						11,813						11,768						12,812
Total liabilities			482,349						478,205						478,993						471,264						467,497
Shareholders’ Equity:
Preferred stock			4,916						5,907						5,907						5,907						5,907
Common stock			6,312						6,396						6,447						6,548						6,580
Additional paid-in capital			33,663						34,278						34,620						35,178						35,628
Retained earnings			26,067						25,438						24,759						24,252						23,777
Accumulated other comprehensive loss			(5,769)						(6,373)						(6,893)						(7,250)						(8,213)
Total shareholders’ equity			65,189						65,646						64,840						64,635						63,679
Total liabilities and shareholders’ equity			$	547,538					$	543,851					$	543,833					$	535,899					$	531,176

- 3 -

---

Average Balances and Rates - Quarters

			Quarter Ended
			December 31, 2025												September 30, 2025												June 30, 2025												March 31, 2025												December 31, 2024
(Dollars in millions)			Average Balances(1)			Income/ Expense(2)			Yields/ Rates(2)						Average Balances(1)			Income/ Expense(2)			Yields/ Rates(2)						Average Balances(1)			Income/ Expense(2)			Yields/ Rates(2)						Average Balances(1)			Income/ Expense(2)			Yields/ Rates(2)						Average Balances(1)			Income/ Expense(2)			Yields/ Rates(2)
Assets
AFS and HTM securities at amortized cost:
U.S. Treasury			$	13,275		$	162		4.82		%				$	13,351		$	174		5.18		%				$	14,034		$	181		5.20		%				$	14,867		$	191		5.19		%				$	14,387		$	196		5.40		%
U.S. government-sponsored entities (GSE)			478			4			3.80						458			4			3.86						463			5			3.73						462			4			3.75						412			3			3.42
Mortgage-backed securities issued by GSE			103,591			727			2.81						104,998			760			2.89						106,947			772			2.89						108,345			777			2.87						109,644			792			2.89
States and political subdivisions			349			4			4.27						358			3			4.19						370			4			4.20						370			4			4.20						411			5			4.14
Other			14			—			4.42						15			1			4.50						15			—			4.53						17			—			4.72						17			—			5.16
Total securities			117,707			897			3.04						119,180			942			3.16						121,829			962			3.16						124,061			976			3.16						124,871			996			3.19
Loans and leases:
Commercial:
Commercial and industrial			163,990			2,267			5.49						162,207			2,312			5.66						158,491			2,262			5.72						155,214			2,184			5.70						153,209			2,293			5.95
CRE			23,205			354			5.99						21,171			336			6.25						19,687			308			6.22						19,832			302			6.12						20,504			337			6.47
Commercial construction			8,015			129			6.52						8,258			139			6.84						8,613			144			6.85						8,734			145			6.84						8,261			147			7.26
Consumer:
Residential mortgage			57,100			589			4.13						57,676			598			4.15						56,789			579			4.08						55,658			562			4.04						54,390			536			3.94
Home equity			9,679			176			7.24						9,588			182			7.51						9,586			178			7.47						9,569			177			7.48						9,675			189			7.78
Indirect auto			25,639			469			7.27						24,964			459			7.29						24,158			441			7.32						23,248			412			7.19						22,790			411			7.19
Other consumer			32,181			677			8.35						31,714			668			8.36						30,387			634			8.37						29,291			602			8.33						29,355			606			8.21
Credit card			4,956			136			10.89						4,915			146			11.74						4,890			139			11.35						4,849			138			11.60						4,926			143			11.54
Total loans and leases held for investment			324,765			4,797			5.87						320,493			4,840			6.00						312,601			4,685			6.01						306,395			4,522			5.97						303,110			4,662			6.12
Loans held for sale			1,972			28			5.64						1,577			24			6.18						1,240			19			6.15						1,133			17			5.93						1,499			21			5.87
Total loans and leases			326,737			4,825			5.87						322,070			4,864			6.00						313,841			4,704			6.01						307,528			4,539			5.97						304,609			4,683			6.12
Interest earning trading assets			6,015			82			5.38						5,991			86			5.70						5,896			88			5.98						5,628			80			5.72						5,462			79			5.86
Other earning assets(3)			34,138			359			4.13						38,765			445			4.50						39,417			448			4.51						38,997			441			4.53						37,697			472			4.91
Total earning assets			484,597			6,163			5.05						486,006			6,337			5.18						480,983			6,202			5.16						476,214			6,036			5.12						472,639			6,230			5.25
Nonearning assets			57,636												55,819												56,086												55,416												54,374
Total assets			$	542,233											$	541,825											$	537,069											$	531,630											$	527,013
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking			$	112,313		618			2.18						$	109,244		677			2.46						$	116,193		726			2.51						$	109,208		640			2.37						$	107,075		679			2.52
Money market and savings			138,114			677			1.95						136,515			755			2.19						135,607			751			2.22						136,897			743			2.20						138,242			838			2.41
Time deposits			40,031			338			3.35						45,090			403			3.54						41,997			367			3.50						40,204			353			3.56						36,757			338			3.66
Total interest-bearing deposits			290,458			1,633			2.23						290,849			1,835			2.50						293,797			1,844			2.52						286,309			1,736			2.46						282,074			1,855			2.62
Short-term borrowings			29,128			300			4.08						26,796			299			4.42						26,241			292			4.47						30,332			336			4.49						25,006			303			4.81
Long-term debt			39,138			481			4.91						41,458			523			5.04						34,213			431			5.02						32,418			409			5.05						34,133			431			5.06
Total interest-bearing liabilities			358,724			2,414			2.67						359,103			2,657			2.94						354,251			2,567			2.91						349,059			2,481			2.88						341,213			2,589			3.02
Noninterest-bearing deposits			105,552												105,751												106,686												105,895												107,968
Other liabilities			12,619												11,922												11,897												12,643												13,537
Shareholders’ equity			65,338												65,049												64,235												64,033												64,295
Total liabilities and shareholders’ equity			$	542,233											$	541,825											$	537,069											$	531,630											$	527,013
Average interest-rate spread									2.38												2.24												2.25												2.24												2.23
Net interest income / net interest margin - taxable equivalent						$	3,749		3.07		%							$	3,680		3.01		%							$	3,635		3.02		%							$	3,555		3.01		%							$	3,641		3.07		%
Taxable-equivalent adjustment						49												51												48												48												51
Net interest income						$	3,700											$	3,629											$	3,587											$	3,507											$	3,590
Memo: Total deposits			$	396,010		1,633			1.64		%				$	396,600		1,835			1.84		%				$	400,483		1,844			1.85		%				$	392,204		1,736			1.79		%				$	390,042		1,855			1.89		%

(1)Represents daily average balances. Unrealized gains and losses on available-for-sale securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.

(2)Amounts are on a taxable-equivalent basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends.

(3)Includes cash equivalents, interest-bearing deposits with banks, FHLB stock, and other earning assets.

- 4 -

---

Average Balances and Rates - Year-To-Date

						Year-to-Date
						December 31, 2025																		December 31, 2024
(Dollars in millions)						Average Balances(1)						Income/Expense(2)						Yields/ Rates(2)						Average Balances(1)						Income/Expense(2)						Yields/ Rates(2)
Assets
AFS and HTM securities at amortized cost:
U.S. Treasury						$	13,876					$	708					5.10		%				$	12,100					$	485					4.01		%
U.S. government-sponsored entities (GSE)						465						17						3.78						390						13						3.38
Mortgage-backed securities issued by GSE						105,955						3,036						2.87						109,652						2,958						2.70
States and political subdivisions						362						15						4.21						417						17						4.14
Non-agency mortgage-backed						—						—						—						1,282						37						2.85
Other						15						1						4.55						17						1						5.25
Total securities						120,673						3,777						3.13						123,858						3,511						2.83
Loans and leases:
Commercial:
Commercial and industrial						160,004						9,025						5.64						155,674						9,897						6.36
CRE						20,984						1,300						6.14						21,585						1,480						6.81
Commercial construction						8,403						557						6.76						7,729						583						7.67
Consumer:
Residential mortgage						56,812						2,328						4.10						54,486						2,114						3.88
Home equity						9,606						713						7.42						9,778						776						7.94
Indirect auto						24,510						1,781						7.27						22,326						1,563						7.00
Other consumer						30,904						2,581						8.35						28,748						2,351						8.18
Credit card						4,903						559						11.39						4,907						587						11.96
Total loans and leases held for investment						316,126						18,844						5.96						305,233						19,351						6.34
Loans held for sale						1,483						88						5.94						1,305						82						6.31
Total loans and leases						317,609						18,932						5.96						306,538						19,433						6.34
Interest earning trading assets						5,884						336						5.69						5,320						326						6.12
Other earning assets(3)						37,818						1,693						4.42						36,622						2,008						5.48
Total earning assets						481,984						24,738						5.13						472,338						25,278						5.35
Nonearning assets						56,244																		51,185
Assets of discontinued operations						—																		2,542
Total assets						$	538,228																	$	526,065
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking						$	111,741					2,661						2.38						$	104,606					2,802						2.68
Money market and savings						136,786						2,926						2.14						136,217						3,457						2.54
Time deposits						41,839						1,461						3.49						39,406						1,590						4.04
Total interest-bearing deposits						290,366						7,048						2.43						280,229						7,849						2.80
Short-term borrowings						28,117						1,227						4.36						24,499						1,313						5.36
Long-term debt						36,838						1,844						5.01						36,713						1,813						4.94
Total interest-bearing liabilities						355,321						10,119						2.85						341,441						10,975						3.21
Noninterest-bearing deposits						105,969																		107,639
Other liabilities						12,270																		13,343
Liabilities of discontinued operations						—																		1,049
Shareholders’ equity						64,668																		62,593
Total liabilities and shareholders’ equity						$	538,228																	$	526,065
Average interest-rate spread																		2.28																		2.14
Net interest income / net interest margin - taxable equivalent												$	14,619					3.03		%										$	14,303					3.03		%
Taxable-equivalent adjustment												196																		212
Net interest income												$	14,423																	$	14,091
Memo: Total deposits						$	396,335					7,048						1.78		%				$	387,868					7,849						2.02		%

(1)Represents daily average balances. Unrealized gains and losses on available-for-sale securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.

(2)Amounts are on a taxable-equivalent basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends.

(3)Includes cash equivalents, interest-bearing deposits with banks, FHLB stock, and other earning assets.

- 5 -

---

Credit Quality

						Dec. 31						Sept. 30						June 30						March 31						Dec. 31
(Dollars in millions)						2025						2025						2025						2025						2024
Nonperforming Assets
Nonaccrual loans and leases:
Commercial:
Commercial and industrial						$	839					$	800					$	520					$	586					$	521
CRE						47						98						128						294						298
Commercial construction						41						42						1						2						3
Consumer:
Residential mortgage						213						196						191						179						166
Home equity						99						103						107						114						116
Indirect auto						267						247						240						248						259
Other consumer						71						66						64						65						66
Total nonaccrual loans and leases held for investment						1,577						1,552						1,251						1,488						1,429
Loans held for sale						—						19						12						77						—
Total nonaccrual loans and leases						1,577						1,571						1,263						1,565						1,429
Foreclosed real estate						3						4						4						4						3
Other foreclosed property						53						54						49						49						45
Total nonperforming assets						$	1,633					$	1,629					$	1,316					$	1,618					$	1,477
Loans 90 Days or More Past Due and Still Accruing
Commercial:
Commercial and industrial						$	3					$	3					$	2					$	5					$	19
CRE						—						—						—						—						1
Consumer:
Residential mortgage - government guaranteed						532						438						424						468						430
Residential mortgage - nonguaranteed						38						41						41						62						51
Home equity						7						6						6						6						9
Indirect auto						—						—						—						—						—
Other consumer						28						27						24						23						23
Credit card						76						69						49						52						54
Total loans 90 days past due and still accruing						$	684					$	584					$	546					$	616					$	587
Loans 30-89 Days Past Due and Still Accruing
Commercial:
Commercial and industrial						$	127					$	73					$	122					$	118					$	168
CRE						25						6						34						12						60
Commercial construction						36						5						15						—						3
Consumer:
Residential mortgage - government guaranteed						329						327						330						284						318
Residential mortgage - nonguaranteed						357						344						365						347						401
Home equity						69						54						54						57						60
Indirect auto						679						620						582						484						622
Other consumer						281						241						239						246						236
Credit card						77						73						70						71						81
Total loans 30-89 days past due and still accruing						$	1,980					$	1,743					$	1,811					$	1,619					$	1,949

- 6 -

---

						As of/For the Quarter Ended
						Dec. 31						Sept. 30						June 30						March 31						Dec. 31
						2025						2025						2025						2025						2024
Asset Quality Ratios
Loans 30-89 days past due and still accruing as a percentage of loans and leases						0.60		%				0.54		%				0.57		%				0.52		%				0.64		%
Loans 90 days or more past due and still accruing as a percentage of loans and leases						0.21						0.18						0.17						0.20						0.19
Nonperforming loans and leases as a percentage of loans and leases						0.48						0.48						0.39						0.48						0.47
Nonperforming loans and leases as a percentage of loans and leases(1)						0.48						0.48						0.39						0.51						0.46
Nonperforming assets as a percentage of:
Total assets(1)						0.30						0.30						0.24						0.30						0.28
Loans and leases plus foreclosed property						0.50						0.50						0.41						0.50						0.48
Net charge-offs as a percentage of average loans and leases						0.57						0.48						0.51						0.60						0.59
Allowance for loan and lease losses as a percentage of loans and leases						1.53						1.54						1.54						1.58						1.59
Ratio of allowance for loan and lease losses to:
Net charge-offs						2.7X						3.3X						3.1X						2.6X						2.7X
Nonperforming loans and leases						3.2X						3.2X						3.9X						3.3X						3.4X
Asset Quality Ratios (Excluding Government Guaranteed)
Loans 90 days or more past due and still accruing as a percentage of loans and leases						0.05		%				0.05		%				0.04		%				0.05		%				0.05		%
Applicable ratios are annualized.
(1)Includes loans held for sale.
																								As of/For the Year-to-Date
																								Period Ended Dec. 31
																								2025						2024
Asset Quality Ratios
Net charge-offs as a percentage of average loans and leases																								0.54		%				0.59		%
Ratio of allowance for loan and lease losses to net charge-offs																								3.0X						2.7X
Applicable ratios are annualized.

- 7 -

---

						As of/For the Quarter Ended																														As of/For the Year-to-Date
						Dec. 31						Sept. 30						June 30						March 31						Dec. 31						Period Ended Dec. 31
(Dollars in millions)						2025						2025						2025						2025						2024						2025						2024
Allowance for Credit Losses
Beginning balance						$	5,305					$	5,253					$	5,166					$	5,161					$	5,140					$	5,161					$	5,093
Provision for credit losses						512						436						488						458						471						1,894						1,870
Charge-offs:
Commercial:
Commercial and industrial						(141)						(98)						(120)						(102)						(119)						(461)						(395)
CRE						(14)						(25)						(38)						(70)						(51)						(147)						(316)
Consumer:
Residential mortgage						(3)						(1)						(1)						(1)						(1)						(6)						(3)
Home equity						(2)						(2)						(4)						(2)						(2)						(10)						(9)
Indirect auto						(160)						(150)						(127)						(154)						(158)						(591)						(591)
Other consumer						(178)						(155)						(146)						(154)						(148)						(633)						(606)
Credit card						(67)						(49)						(70)						(74)						(74)						(260)						(296)
Total charge-offs						(565)						(480)						(506)						(557)						(553)						(2,108)						(2,216)
Recoveries:
Commercial:
Commercial and industrial						23						20						31						24						15						98						87
CRE						6						2						3						7						17						18						34
Commercial construction						1						—						1						—						—						2						2
Consumer:
Residential mortgage						1						2						—						2						2						5						6
Home equity						3						5						4						4						3						16						16
Indirect auto						24						25						28						25						24						102						120
Other consumer						28						31						31						30						28						120						110
Credit card						9						10						12						11						11						42						38
Total recoveries						95						95						110						103						100						403						413
Net charge-offs						(470)						(385)						(396)						(454)						(453)						(1,705)						(1,803)
Other						—						1						(5)						1						3						(3)						1
Ending balance						$	5,347					$	5,305					$	5,253					$	5,166					$	5,161					$	5,347					$	5,161
Allowance for Credit Losses:
Allowance for loan and lease losses						$	5,030					$	4,988					$	4,899					$	4,870					$	4,857
Reserve for unfunded lending commitments (RUFC)						317						317						354						296						304
Allowance for credit losses						$	5,347					$	5,305					$	5,253					$	5,166					$	5,161

						Quarter Ended																														As of/For the Year-to-Date
						Dec. 31						Sept. 30						June 30						March 31						Dec. 31						Period Ended Dec. 31
						2025						2025						2025						2025						2024						2025						2024
Net Charge-offs as a Percentage of Average Loans and Leases:
Commercial:
Commercial and industrial						0.29		%				0.19		%				0.22		%				0.20		%				0.27		%				0.23		%				0.20		%
CRE						0.14						0.44						0.71						1.29						0.66						0.62						1.31
Commercial construction						(0.04)						(0.03)						(0.02)						(0.02)						(0.02)						(0.03)						(0.03)
Consumer:
Residential mortgage						0.01						—						—						—						(0.01)						—						(0.01)
Home equity						(0.04)						(0.11)						(0.04)						(0.07)						(0.07)						(0.06)						(0.07)
Indirect auto						2.10						1.99						1.63						2.26						2.33						2.00						2.11
Other consumer						1.84						1.55						1.54						1.71						1.63						1.66						1.73
Credit card						4.64						3.13						4.84						5.21						5.10						4.45						5.26
Total loans and leases						0.57						0.48						0.51						0.60						0.59						0.54						0.59
Applicable ratios are annualized.

- 8 -

---

Segment Financial Performance - Preliminary

						Quarter Ended
						Dec. 31						Sept. 30						June 30						March 31						Dec. 31
(Dollars in millions)						2025						2025						2025						2025						2024
Consumer and Small Business Banking
Net interest income (expense)						$	1,621					$	1,569					$	1,496					$	1,434					$	1,398
Net intersegment interest income (expense)						886						877						857						844						1,089
Segment net interest income (expense)						2,507						2,446						2,353						2,278						2,487
Allocated provision for credit losses						431						400						384						328						347
Noninterest income						521						530						519						503						535
Personnel expense						443						449						434						433						431
Amortization of intangibles						37						39						38						39						45
Other direct noninterest expense						288						280						287						287						323
Direct noninterest expense						768						768						759						759						799
Expense allocations						933						937						941						903						943
Total noninterest expense						1,701						1,705						1,700						1,662						1,742
Income (loss) before income taxes						896						871						788						791						933
Provision (benefit) for income taxes						218						214						192						193						224
Segment net income (loss)						$	678					$	657					$	596					$	598					$	709
Wholesale Banking
Net interest income (expense)						$	2,019					$	2,030					$	1,873					$	1,884					$	1,968
Net intersegment interest income (expense)						(301)						(356)						(204)						(285)						(360)
Segment net interest income (expense)						1,718						1,674						1,669						1,599						1,608
Allocated provision for credit losses						82						36						104						131						123
Noninterest income						1,134						1,142						941						947						1,036
Personnel expense						668						598						573						557						563
Amortization of intangibles						33						33						35						36						39
Other direct noninterest expense						188						200						202						194						207
Direct noninterest expense						889						831						810						787						809
Expense allocations						466						485						519						517						490
Total noninterest expense						1,355						1,316						1,329						1,304						1,299
Income (loss) before income taxes						1,415						1,464						1,177						1,111						1,222
Provision (benefit) for income taxes						297						307						238						223						242
Segment net income (loss)						$	1,118					$	1,157					$	939					$	888					$	980
Other, Treasury & Corporate(1)
Net interest income (expense)						$	60					$	30					$	218					$	189					$	224
Net intersegment interest income (expense)						(585)						(521)						(653)						(559)						(729)
Segment net interest income (expense)						(525)						(491)						(435)						(370)						(505)
Allocated provision for credit losses						(1)						—						—						(1)						1
Noninterest income						(109)						(114)						(60)						(58)						(101)
Personnel expense						707						701						671						614						604
Amortization of intangibles						—						—						—						—						—
Other direct noninterest expense						806						714						746						746						823
Direct Noninterest Expense						1,513						1,415						1,417						1,360						1,427
Expense Allocations						(1,399)						(1,422)						(1,460)						(1,420)						(1,433)
Total noninterest expense						114						(7)						(43)						(60)						(6)
Income (loss) before income taxes						(747)						(598)						(452)						(367)						(601)
Provision (benefit) for income taxes						(305)						(236)						(157)						(142)						(201)
Segment net income (loss)						$	(442)					$	(362)					$	(295)					$	(225)					$	(400)
Total Truist Financial Corporation
Net interest income (expense)						$	3,700					$	3,629					$	3,587					$	3,507					$	3,590
Net intersegment interest income (expense)						—						—						—						—						—
Segment net interest income (expense)						3,700						3,629						3,587						3,507						3,590
Allocated provision for credit losses						512						436						488						458						471
Noninterest income						1,546						1,558						1,400						1,392						1,470
Personnel expense						1,818						1,748						1,678						1,604						1,598
Amortization of intangibles						70						72						73						75						84
Other direct noninterest expense						1,282						1,194						1,235						1,227						1,353
Direct Noninterest Expense						3,170						3,014						2,986						2,906						3,035
Expense Allocations						—						—						—						—						—
Total noninterest expense						3,170						3,014						2,986						2,906						3,035
Income before income taxes						1,564						1,737						1,513						1,535						1,554
Provision for income taxes						210						285						273						274						265
Net Income from continuing operations						$	1,354					$	1,452					$	1,240					$	1,261					$	1,289

(1)Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.

- 9 -

---

Capital Information - Five Quarter Trend

						As of/For the Quarter Ended
						Dec. 31						Sept. 30						June 30						March 31						Dec. 31
(Dollars in millions, except per share data, shares in thousands)						2025						2025						2025						2025						2024
Selected Capital Information						(preliminary)
Risk-based capital:
Common equity tier 1						$	48,028					$	48,031					$	47,678					$	47,767					$	48,225
Tier 1						52,941						53,935						53,582						53,671						54,128
Total						61,256						62,377						62,119						62,349						62,583
Risk-weighted assets						443,310						438,114						434,609						424,059						418,337
Average quarterly assets for leverage ratio						529,156						529,861						525,567						519,981						515,830
Average quarterly assets for supplementary leverage ratio						635,243						635,076						626,855						619,992						612,764
Risk-based capital ratios:
Common equity tier 1						10.8		%				11.0		%				11.0		%				11.3		%				11.5		%
Tier 1						11.9						12.3						12.3						12.7						12.9
Total						13.8						14.2						14.3						14.7						15.0
Leverage capital ratio						10.0						10.2						10.2						10.3						10.5
Supplementary leverage						8.3						8.5						8.5						8.7						8.8
Common equity per common share						$	47.74					$	46.70					$	45.70					$	44.85					$	43.90

- 10 -

---

Selected Mortgage Banking Information & Additional Information

						As of/For the Quarter Ended
						Dec. 31						Sept. 30						June 30						March 31						Dec. 31
(Dollars in millions, except per share data)						2025						2025						2025						2025						2024
Mortgage Banking Income
Residential mortgage income:
Residential mortgage production revenue						$	26					$	22					$	25					$	19					$	25
Residential mortgage servicing income:
Residential mortgage servicing income before MSR valuation						77						74						72						87						83
Net MSRs valuation						1						9						1						(4)						(5)
Total residential mortgage servicing income						78						83						73						83						78
Total residential mortgage income						104						105						98						102						103
Commercial mortgage income:
Commercial mortgage production revenue						12						10						6						2						12
Commercial mortgage servicing income:
Commercial mortgage servicing income before MSR valuation						2						4						3						4						4
Net MSRs valuation						1						(1)						—						—						(2)
Total commercial mortgage servicing income						3						3						3						4						2
Total commercial mortgage income						15						13						9						6						14
Total mortgage banking income						$	119					$	118					$	107					$	108					$	117
Other Mortgage Banking Information
Residential mortgage loan originations						$	4,551					$	4,743					$	5,855					$	3,626					$	4,745
Residential mortgage servicing portfolio:(1)
Loans serviced for others						228,383						221,274						213,002						216,148						218,475
Bank-owned loans serviced						57,583						58,396						57,748						55,120						54,937
Total servicing portfolio						285,966						279,670						270,750						271,268						273,412
Weighted-average coupon rate on mortgage loans serviced for others						3.77		%				3.75		%				3.70		%				3.68		%				3.65		%
Weighted-average servicing fee on mortgage loans serviced for others						0.28						0.28						0.28						0.28						0.28
Additional Information
Brokered deposits(2)						$	29,835					$	28,423					$	30,008					$	27,585					$	28,085
NQDCP income (expense):(3)
Interest income						$	4					$	1					$	—					$	—					$	4
Other income						(1)						17						21						(6)						(2)
Personnel expense						(3)						(18)						(21)						6						(2)
Total NQDCP income (expense)						$	—					$	—					$	—					$	—					$	—
Common stock prices:
High						$	50.86					$	47.46					$	43.25					$	48.53					$	49.06
Low						40.78						41.98						33.56						39.41						41.08
End of period						49.21						45.72						42.99						41.15						43.38
Banking offices						1,927						1,927						1,927						1,928						1,928
ATMs						2,829						2,837						2,847						2,861						2,901
Full-time equivalent teammates(4)						38,062						38,534						37,996						37,529						37,661

(1)Amounts reported are unpaid principal balance.

(2)Amounts represented in interest checking, money market and savings, and time deposits.

(3)Relates to plans where Truist holds assets in proportion to participant elections.

(4)Full-time equivalent teammates represents an average for the quarter.

- 11 -

---

Selected Items(1)

			Favorable (Unfavorable)
(Dollars in millions, except per share data) Description			Pre-Tax						After-Tax at Marginal Rate						Impact to Diluted EPS(2)
Selected Items
Fourth Quarter 2025
Legal accrual(3)			$	(130)					$	(99)					$	(0.08)
Restructuring charges(4)			(63)						(48)						(0.04)
Third Quarter 2025
Restructuring charges(4)			$	(27)					$	(21)					$	(0.02)
Second Quarter 2025
Restructuring charges(4)			$	(28)					$	(21)					$	(0.02)
Loss on sale of securities (securities gains (losses))			(18)						(13)						(0.01)
First Quarter 2025
Restructuring charges(4)			$	(38)					$	(29)					$	(0.02)
Fourth Quarter 2024
Restructuring charges(4)			$	(11)					$	(9)					$	(0.01)
FDIC special assessment (regulatory costs)			8						6						—
Third Quarter 2024
Gain on sale of TIH (net income from discontinued operations)			$	36					$	16					$	0.01
Restructuring charges(4)			(25)						(19)						(0.01)
FDIC special assessment (regulatory costs)			16						13						0.01
Second Quarter 2024
Gain on sale of TIH (net income from discontinued operations)			$	6,903					$	4,814					$	3.60
Loss on sale of securities (securities gains (losses))			(6,650)						(5,089)						(3.80)
Charitable contribution (other expense)			(150)						(115)						(0.09)
Restructuring charges(4)			(96)						(73)						(0.05)
FDIC special assessment (regulatory costs)			(13)						(11)						(0.01)
Accelerated recognition of TIH equity compensation expense (net income from discontinued operations)			(10)						(8)						(0.01)
First Quarter 2024
Accelerated recognition of TIH equity compensation expense (net income from discontinued operations)			$	(89)					$	(68)					$	(0.05)
FDIC special assessment (regulatory costs)			(75)						(57)						(0.04)
Restructuring charges(4)			(70)						(53)						(0.04)

(1)Includes certain selected items from the consolidated statements of income. Reconciliations of non-GAAP measures to the most directly comparable GAAP measures are included in the Non-GAAP Reconciliations section of this Quarterly Performance Summary.

(2)Diluted EPS impact for individual items may not foot to difference between GAAP diluted and adjusted EPS due to rounding.

(3)In Bickerstaff v. SunTrust Bank, which is described in Truist’s 10-Q filed on October 30, 2025, a settlement agreement was executed on January 20, 2026. The agreement, which is subject to court approval, provides for payments by Truist of up to $240 million and conditions payments to class members on their submission of valid claims.

(4)Includes severance charges (personnel expense) as well as other charges included in net occupancy, professional fees and outside processing, and other expense.

- 12 -

---

Non-GAAP Reconciliations

Efficiency Ratio from Continuing Operations

						Quarter Ended																														Year-to-Date
						Dec. 31						Sept. 30						June 30						March 31						Dec. 31						Dec. 31						Dec. 31
(Dollars in millions)						2025						2025						2025						2025						2024						2025						2024
Efficiency ratio numerator - noninterest expense - unadjusted						$	3,170					$	3,014					$	2,986					$	2,906					$	3,035					$	12,076					$	12,009
Restructuring charges						(63)						(27)						(28)						(38)						(11)						(156)						(120)
Charitable contribution						—						—						—						—						—						—						(150)
FDIC special assessment						—						—						—						—						8						—						(64)
Legal accrual						(130)						—						—						—						—						(130)						—
Adjusted noninterest expense including amortization of intangibles						$	2,977					$	2,987					$	2,958					$	2,868					$	3,032					$	11,790					$	11,675
Amortization of intangibles						(70)						(72)						(73)						(75)						(84)						(290)						(345)
Efficiency ratio numerator - adjusted noninterest expense excluding amortization of intangibles(1)						$	2,907					$	2,915					$	2,885					$	2,793					$	2,948					$	11,500					$	11,330
Efficiency ratio denominator - revenue(2) - unadjusted						$	5,246					$	5,187					$	4,987					$	4,899					$	5,060					$	20,319					$	13,278
Taxable equivalent adjustment						49						51						48						48						51						196						212
Securities (gains) losses						—						—						18						1						1						19						6,651
Efficiency ratio denominator - adjusted revenue(1)(2)						$	5,295					$	5,238					$	5,053					$	4,948					$	5,112					$	20,534					$	20,141
Efficiency ratio - unadjusted						60.4						58.1						59.9						59.3						60.0						59.4						90.4
Efficiency ratio - adjusted(1)						54.9						55.7						57.1						56.4						57.7						56.0						56.3

(1)The adjusted efficiency ratio is non-GAAP in that it excludes securities gains and losses, amortization of intangible assets, restructuring charges, and other selected items. Adjusted revenue and adjusted noninterest expense are related measures used to calculate the adjusted efficiency ratio. Taxable equivalent revenue and taxable equivalent net interest income include a taxable equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue and adjusted noninterest income excludes securities gains and losses, and adjusted revenue includes a taxable equivalent adjustment. Adjusted noninterest expense excludes restructuring charges and other selected items. Truist’s management calculated these measures based on Truist’s continuing operations. Truist’s management uses these measures in their 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. These measures are not necessarily comparable to similar measures that may be presented by other companies.

(2)Revenue is defined as net interest income plus noninterest income.

Pre-Provision Net Revenue from Continuing Operations

						Quarter Ended																														Year-to-Date
						Dec. 31						Sept. 30						June 30						March 31						Dec. 31						Dec. 31						Dec. 31
(Dollars in millions)						2025						2025						2025						2025						2024						2025						2024
Net income from continuing operations						$	1,354					$	1,452					$	1,240					$	1,261					$	1,289					$	5,307					$	(45)
Provision for credit losses						512						436						488						458						471						1,894						1,870
Provision for income taxes						210						285						273						274						265						1,042						(556)
Taxable-equivalent adjustment						49						51						48						48						51						196						212
Pre-provision net revenue(1)						$	2,125					$	2,224					$	2,049					$	2,041					$	2,076					$	8,439					$	1,481

(1)Pre-provision net revenue 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. Truist’s management calculated this measure based on Truist’s continuing operations. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.

Return on Average Tangible Common Shareholders’ Equity

						Quarter Ended																														Year-to-Date
						Dec. 31						Sept. 30						June 30						March 31						Dec. 31						Dec. 31						Dec. 31
(Dollars in millions)						2025						2025						2025						2025						2024						2025						2024
Net income available to common shareholders						$	1,289					$	1,348					$	1,180					$	1,157					$	1,216					$	4,974					$	4,469
Amortization of intangibles						70						72						73						75						84						290						345
Applicable income taxes related to the amortization of intangibles						(16)						(18)						(17)						(18)						(20)						(69)						(65)
Tangible net income available to common shareholders(1)						$	1,343					$	1,402					$	1,236					$	1,214					$	1,280					$	5,195					$	4,749
Average common shareholders’ equity						$	59,991					$	59,141					$	58,327					$	58,125					$	57,754					$	58,902					$	55,876
Average intangible assets						(18,456)						(18,528)						(18,590)						(18,669)						(18,746)						(18,560)						(20,636)
Applicable deferred taxes related to intangible assets(2)						409						415						417						422						429						416						550
Average tangible common shareholders’ equity(1)						$	41,944					$	41,028					$	40,154					$	39,878					$	39,437					$	40,758					$	35,790
Return on average common shareholders’ equity						8.5		%				9.0		%				8.1		%				8.1		%				8.4		%				8.4		%				8.0		%
Return on average tangible common shareholders’ equity(1)						12.7						13.6						12.3						12.3						12.9						12.7						13.3

(1)Average tangible common shareholders’ equity is a non-GAAP measure that excludes the impact of intangible assets, net of deferred taxes. This measure is useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses this measure to assess balance sheet risk and shareholder value. This measure is not necessarily comparable to similar measures that may be presented by other companies.

(2)Calculated using the applicable marginal tax rate.

- 13 -

---

Tangible Book Value per Common Share

						Dec. 31						Sept. 30						June 30						March 31						Dec. 31
(Dollars in millions, except per share data, shares in thousands)						2025						2025						2025						2025						2024
Calculations of Tangible Common Equity and Related Measures:(1)
Total shareholders’ equity						$	65,189					$	65,646					$	64,840					$	64,635					$	63,679
Preferred stock						(4,916)						(5,907)						(5,907)						(5,907)						(5,907)
Intangible assets						(18,416)						(18,489)						(18,561)						(18,624)						(18,702)
Applicable deferred taxes related to intangible assets(2)						407						413						418						421						428
Tangible common equity						$	42,264					$	41,663					$	40,790					$	40,525					$	39,498
Outstanding shares at end of period						1,262,470						1,279,246						1,289,435						1,309,539						1,315,936
Common equity per common share						$	47.74					$	46.70					$	45.70					$	44.85					$	43.90
Tangible common equity per common share						33.48						32.57						31.63						30.95						30.01
Total assets						$	547,538					$	543,851					$	543,833					$	535,899					$	531,176
Intangible assets						(18,416)						(18,489)						(18,561)						(18,624)						(18,702)
Applicable deferred taxes related to intangible assets(2)						407						$	413					$	418					$	421					$	428
Tangible assets						$	529,529					$	525,775					$	525,690					$	517,696					$	512,902
Equity as a percentage of total assets						11.9		%				12.1		%				11.9		%				12.1		%				12.0		%
Tangible common equity as a percentage of tangible assets						8.0						7.9						7.8						7.8						7.7

(1)Tangible common equity is a non-GAAP measure that excludes preferred stock and intangible assets, net of deferred taxes. This measure is useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses this measure to assess balance sheet risk and shareholder value. These measures are not necessarily comparable to similar measures that may be presented by other companies.

(2)Calculated using the applicable marginal tax rate.

- 14 -