Document

Please wait

Quarterly Performance Summary

Truist Financial Corporation

First Quarter 2026


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						5

Segment Financial Performance						7
Capital Information						8
Selected Mortgage Banking Information & Additional Information						9
Selected Items						10
Non-GAAP Reconciliations						11

Financial Highlights


	Quarter Ended
(Dollars in millions, except per share data, shares in thousands)	March 31			Dec. 31			Sept. 30			June 30			March 31
	2026			2025			2025			2025			2025
Summary Income Statement
Interest income	$	5,855		$	6,114		$	6,286		$	6,154		$	5,988
Plus: TE adjustment	45			49			51			48			48
Interest income - TE(1)	5,900			6,163			6,337			6,202			6,036
Interest expense	2,256			2,414			2,657			2,567			2,481
Net interest income	3,599			3,700			3,629			3,587			3,507
Net interest income - TE(1)	3,644			3,749			3,680			3,635			3,555
Provision for credit losses	479			512			436			488			458
Net interest income after provision for credit losses	3,120			3,188			3,193			3,099			3,049
Noninterest income	1,553			1,546			1,558			1,400			1,392
Noninterest expense	2,983			3,170			3,014			2,986			2,906
Income before income taxes	1,690			1,564			1,737			1,513			1,535
Provision for income taxes	209			210			285			273			274
Net income from continuing operations	1,481			1,354			1,452			1,240			1,261

Net income	1,481			1,354			1,452			1,240			1,261



Preferred stock dividends and other	104			65			104			60			104
Net Income available to common shareholders	1,377			1,289			1,348			1,180			1,157

Additional Income Statement Information
Revenue	5,152			5,246			5,187			4,987			4,899
Revenue - TE(1)	5,197			5,295			5,238			5,035			4,947
PPNR(1)	2,214			2,125			2,224			2,049			2,041

Key Metrics
Earnings:


Earnings per share-basic	1.10			1.02			1.05			0.91			0.88


Earnings per share-diluted	1.09			1.00			1.04			0.90			0.87

Cash dividends declared per share	0.52			0.52			0.52			0.52			0.52
BVPS	47.60			47.74			46.70			45.70			44.85
TBVPS(1)	33.19			33.48			32.57			31.63			30.95
End of period shares outstanding	1,245,879			1,262,470			1,279,246			1,289,435			1,309,539
Weighted average shares outstanding-basic	1,248,628			1,267,341			1,280,571			1,292,292			1,307,457
Weighted average shares outstanding-diluted	1,266,572			1,285,078			1,296,666			1,305,005			1,324,339
ROA	1.10		%	0.99		%	1.06		%	0.93		%	0.96		%
ROCE	9.3			8.5			9.0			8.1			8.1
ROTCE(1)	13.8			12.7			13.6			12.3			12.3
NIM - TE(1)	3.02			3.07			3.01			3.02			3.01
Efficiency ratio	57.9			60.4			58.1			59.9			59.3



Credit Quality
Nonperforming loans and leases as a percentage of loans and leases HFI	0.50		%	0.48		%	0.48		%	0.39		%	0.48		%
NCO as a percentage of average loans and leases HFI	0.61			0.57			0.48			0.51			0.60

ALLL as a percentage of loans and leases HFI	1.53			1.53			1.54			1.54			1.58
Ratio of ALLL to nonperforming loans and leases HFI	3.1x			3.2x			3.2x			3.9x			3.3x
Average Balances
Assets	$	544,121		$	542,233		$	541,825		$	537,069		$	531,630
Securities(2)	116,118			117,707			119,180			121,829			124,061
Loans and leases	328,972			326,737			322,070			313,841			307,528
Deposits	398,924			396,010			396,600			400,483			392,204
Common shareholders’ equity	59,879			59,991			59,141			58,327			58,125
Total shareholders’ equity	64,794			65,338			65,049			64,235			64,033
Period-End Balances
Assets	$	548,975		$	547,538		$	543,851		$	543,833		$	535,899
Securities(2)	111,866			112,228			113,544			115,363			117,888
Loans and leases	331,412			330,478			325,663			319,999			309,752
Deposits	404,081			400,398			394,907			406,122			403,736
Common shareholders’ equity	59,298			60,273			59,739			58,933			58,728
Total shareholders’ equity	64,214			65,189			65,646			64,840			64,635
Capital and Liquidity Ratios	(preliminary)
Common equity tier 1	10.8		%	10.8		%	11.0		%	11.0		%	11.3		%
Tier 1	11.9			11.9			12.3			12.3			12.7
Total	13.7			13.8			14.2			14.3			14.7
Leverage	9.9			10.0			10.2			10.2			10.3
Supplementary leverage	8.3			8.3			8.5			8.5			8.7
Liquidity coverage ratio	110			111			110			110			111

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 or within the table above for TE measures. Net interest margin –TE is calculated using net interest income on a TE basis to determine the total yield on interest-earning assets.

(2)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
	March 31		Dec. 31		Sept. 30		June 30		March 31
(Dollars in millions, except per share data, shares in thousands)	2026		2025		2025		2025		2025
Interest Income
Interest and fees on loans and leases	$	4,599	$	4,778	$	4,816	$	4,657	$	4,493
Interest on securities	849		896		941		961		975
Interest on other earning assets	407		440		529		536		520
Total interest income	5,855		6,114		6,286		6,154		5,988
Interest Expense
Interest on deposits	1,525		1,633		1,835		1,844		1,736
Interest on long-term debt	445		481		523		431		409
Interest on other borrowings	286		300		299		292		336
Total interest expense	2,256		2,414		2,657		2,567		2,481
Net Interest Income	3,599		3,700		3,629		3,587		3,507
Provision for credit losses	479		512		436		488		458
Net Interest Income After Provision for Credit Losses	3,120		3,188		3,193		3,099		3,049
Noninterest Income

Wealth management income	370		365		374		348		344
Card and treasury management fees	338		336		340		351		333
Investment banking and trading income	372		335		323		205		273
Other deposit revenue	120		121		125		108		117
Mortgage banking income	133		119		118		107		108
Lending related fees	118		98		103		99		95
Securities gains (losses)	—		—		—		(18)		(1)
Other income	102		172		175		200		123
Total noninterest income	1,553		1,546		1,558		1,400		1,392
Noninterest Expense
Personnel expense	1,727		1,818		1,748		1,678		1,604
Professional fees and outside processing	313		337		346		373		364
Software expense	230		242		233		231		230
Net occupancy expense	179		176		185		181		168
Equipment expense	85		90		90		89		82
Marketing and customer development	79		63		79		82		75
Amortization of intangibles	64		70		72		73		75
Regulatory costs	68		7		32		55		69

Other expense	238		367		229		224		239
Total noninterest expense	2,983		3,170		3,014		2,986		2,906
Earnings
Income before income taxes	1,690		1,564		1,737		1,513		1,535
Provision for income taxes	209		210		285		273		274
Net income (loss) from continuing operations	1,481		1,354		1,452		1,240		1,261

Net income	1,481		1,354		1,452		1,240		1,261




Preferred stock dividends and other	104		65		104		60		104


Net income available to common shareholders	$	1,377	$	1,289	$	1,348	$	1,180	$	1,157
Earnings Per Common Share


Earnings per share-basic	1.10		1.02		1.05		0.91		0.88


Earnings per share-diluted	1.09		1.00		1.04		0.90		0.87
Weighted Average Shares Outstanding
Basic	1,248,628		1,267,341		1,280,571		1,292,292		1,307,457
Diluted	1,266,572		1,285,078		1,296,666		1,305,005		1,324,339

- 2 -

Consolidated Ending Balance Sheets - Five Quarter Trend


	March 31		Dec. 31		Sept. 30		June 30		March 31
(Dollars in millions)	2026		2025		2025		2025		2025
Assets
Cash and due from banks	$	4,294	$	4,967	$	4,329	$	5,157	$	5,996
Interest-bearing deposits with banks	31,903		31,410		32,523		36,294		36,175
Securities borrowed or purchased under resale agreements	4,047		3,200		2,981		2,656		2,810
Trading assets at fair value	5,235		5,790		5,731		5,963		5,838
AFS securities at fair value	65,430		65,042		65,522		66,390		68,012
HTM securities at amortized cost	46,436		47,186		48,022		48,973		49,876
Loans and leases:
Commercial:
Commercial and industrial	169,247		167,808		163,607		162,273		156,679
CRE	24,447		23,720		22,414		20,270		19,578
Commercial construction	7,620		7,783		8,027		8,277		8,766
Consumer:
Residential mortgage	56,297		56,807		57,623		57,828		56,099
Home equity	9,633		9,719		9,618		9,591		9,523
Indirect auto	25,054		25,659		25,490		24,558		23,628
Other consumer	32,097		32,181		32,070		31,122		29,537
Credit card	4,843		4,918		4,889		4,877		4,828
Total loans and leases held for investment	329,238		328,595		323,738		318,796		308,638
Loans held for sale	2,174		1,883		1,925		1,203		1,114
Total loans and leases	331,412		330,478		325,663		319,999		309,752
Allowance for loan and lease losses	(5,026)		(5,030)		(4,988)		(4,899)		(4,870)
Premises and equipment	3,145		3,172		3,176		3,197		3,168
Goodwill	17,125		17,125		17,125		17,125		17,125
Core deposit and other intangible assets	1,192		1,256		1,328		1,399		1,473
Loan servicing rights at fair value	4,112		3,972		3,776		3,612		3,628
Other assets	39,670		38,970		38,663		37,967		36,916
Total assets	$	548,975	$	547,538	$	543,851	$	543,833	$	535,899
Liabilities
Deposits:
Noninterest-bearing deposits	$	105,460	$	105,092	$	106,197	$	106,442	$	108,461
Interest checking	123,257		117,830		109,827		118,122		118,043
Money market and savings	135,702		139,044		135,931		133,891		136,777
Time deposits	39,662		38,432		42,952		47,667		40,455
Total deposits	404,081		400,398		394,907		406,122		403,736
Short-term borrowings	27,441		27,839		29,376		16,631		23,730
Long-term debt	41,622		41,963		41,729		44,427		32,030
Other liabilities	11,617		12,149		12,193		11,813		11,768
Total liabilities	484,761		482,349		478,205		478,993		471,264
Shareholders’ Equity:
Preferred stock	4,916		4,916		5,907		5,907		5,907
Common stock	6,229		6,312		6,396		6,447		6,548
Additional paid-in capital	32,610		33,663		34,278		34,620		35,178
Retained earnings	26,796		26,067		25,438		24,759		24,252
Accumulated other comprehensive loss	(6,337)		(5,769)		(6,373)		(6,893)		(7,250)

Total shareholders’ equity	64,214		65,189		65,646		64,840		64,635
Total liabilities and shareholders’ equity	$	548,975	$	547,538	$	543,851	$	543,833	$	535,899

- 3 -

Average Balances and Rates - Quarters


	Quarter Ended
	March 31, 2026						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025
(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	$	13,138	$	145	4.48	%	$	13,275	$	162	4.82	%	$	13,351	$	174	5.18	%	$	14,034	$	181	5.20	%	$	14,867	$	191	5.19	%
GSE	474		5		3.98		478		4		3.80		458		4		3.86		463		5		3.73		462		4		3.75
Agency MBS	102,089		696		2.73		103,591		727		2.81		104,998		760		2.89		106,947		772		2.89		108,345		777		2.87
States and political subdivisions	347		3		4.30		349		4		4.27		358		3		4.19		370		4		4.20		370		4		4.20

Other	70		—		1.65		14		—		4.42		15		1		4.50		15		—		4.53		17		—		4.72
Total securities	116,118		849		2.93		117,707		897		3.04		119,180		942		3.16		121,829		962		3.16		124,061		976		3.16
Loans and leases:
Commercial:
Commercial and industrial	166,636		2,179		5.30		163,990		2,267		5.49		162,207		2,312		5.66		158,491		2,262		5.72		155,214		2,184		5.70
CRE	24,165		339		5.64		23,205		354		5.99		21,171		336		6.25		19,687		308		6.22		19,832		302		6.12
Commercial construction	7,845		117		6.21		8,015		129		6.52		8,258		139		6.84		8,613		144		6.85		8,734		145		6.84
Consumer:
Residential mortgage	56,458		582		4.13		57,100		589		4.13		57,676		598		4.15		56,789		579		4.08		55,658		562		4.04
Home equity	9,666		167		6.99		9,679		176		7.24		9,588		182		7.51		9,586		178		7.47		9,569		177		7.48
Indirect auto	25,342		443		7.08		25,639		469		7.27		24,964		459		7.29		24,158		441		7.32		23,248		412		7.19
Other consumer	32,053		662		8.38		32,181		677		8.35		31,714		668		8.36		30,387		634		8.37		29,291		602		8.33
Credit card	4,857		129		10.79		4,956		136		10.89		4,915		146		11.74		4,890		139		11.35		4,849		138		11.60
Total loans and leases held for investment	327,022		4,618		5.71		324,765		4,797		5.87		320,493		4,840		6.00		312,601		4,685		6.01		306,395		4,522		5.97
Loans held for sale	1,950		26		5.24		1,972		28		5.64		1,577		24		6.18		1,240		19		6.15		1,133		17		5.93
Total loans and leases	328,972		4,644		5.71		326,737		4,825		5.87		322,070		4,864		6.00		313,841		4,704		6.01		307,528		4,539		5.97
Interest earning trading assets	5,807		74		5.09		6,015		82		5.38		5,991		86		5.70		5,896		88		5.98		5,628		80		5.72
Other earning assets(3)	35,457		333		3.77		34,138		359		4.13		38,765		445		4.50		39,417		448		4.51		38,997		441		4.53
Total earning assets	486,354		5,900		4.90		484,597		6,163		5.05		486,006		6,337		5.18		480,983		6,202		5.16		476,214		6,036		5.12
Nonearning assets	57,767						57,636						55,819						56,086						55,416
Total assets	$	544,121					$	542,233					$	541,825					$	537,069					$	531,630
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking	$	120,110	619		2.09		$	112,313	618		2.18		$	109,244	677		2.46		$	116,193	726		2.51		$	109,208	640		2.37
Money market and savings	136,106		609		1.81		138,114		677		1.95		136,515		755		2.19		135,607		751		2.22		136,897		743		2.20
Time deposits	39,337		297		3.06		40,031		338		3.35		45,090		403		3.54		41,997		367		3.50		40,204		353		3.56
Total interest-bearing deposits	295,553		1,525		2.09		290,458		1,633		2.23		290,849		1,835		2.50		293,797		1,844		2.52		286,309		1,736		2.46
Short-term borrowings	30,669		286		3.78		29,128		300		4.08		26,796		299		4.42		26,241		292		4.47		30,332		336		4.49
Long-term debt	37,141		445		4.80		39,138		481		4.91		41,458		523		5.04		34,213		431		5.02		32,418		409		5.05
Total interest-bearing liabilities	363,363		2,256		2.51		358,724		2,414		2.67		359,103		2,657		2.94		354,251		2,567		2.91		349,059		2,481		2.88
Noninterest-bearing deposits	103,371						105,552						105,751						106,686						105,895
Other liabilities	12,593						12,619						11,922						11,897						12,643
Shareholders’ equity	64,794						65,338						65,049						64,235						64,033
Total liabilities and shareholders’ equity	$	544,121					$	542,233					$	541,825					$	537,069					$	531,630
Average interest-rate spread					2.39						2.38						2.24						2.25						2.24

Net interest income / net interest margin -TE(2)			$	3,644	3.02	%			$	3,749	3.07	%			$	3,680	3.01	%			$	3,635	3.02	%			$	3,555	3.01	%
TE adjustment(2)			45						49						51						48						48
Net interest income			$	3,599					$	3,700					$	3,629					$	3,587					$	3,507
Memo: Total deposits	$	398,924	1,525		1.55	%	$	396,010	1,633		1.64	%	$	396,600	1,835		1.84	%	$	400,483	1,844		1.85	%	$	392,204	1,736		1.79	%

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

(2)Amounts related to interest income and yields are on a TE 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. A reconciliation of net interest income - TE to net interest income is included within the table above. NIM – TE is calculated using net interest income on a TE basis to determine the total yield on interest-earning assets.

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

- 4 -

Credit Quality


	March 31		Dec. 31		Sept. 30		June 30		March 31
(Dollars in millions)	2026		2025		2025		2025		2025
Nonperforming Assets
Nonaccrual loans and leases:
Commercial:
Commercial and industrial	$	738	$	839	$	800	$	520	$	586
CRE	21		47		98		128		294
Commercial construction	23		41		42		1		2

Consumer:
Residential mortgage	231		213		196		191		179
Home equity	101		99		103		107		114
Indirect auto	455		267		247		240		248
Other consumer	73		71		66		64		65


Total nonaccrual loans and leases held for investment	1,642		1,577		1,552		1,251		1,488
Loans held for sale	79		—		19		12		77
Total nonaccrual loans and leases	1,721		1,577		1,571		1,263		1,565
Foreclosed real estate	6		3		4		4		4

Other foreclosed property	58		53		54		49		49
Total nonperforming assets	$	1,785	$	1,633	$	1,629	$	1,316	$	1,618



















Loans 90 Days or More Past Due and Still Accruing
Commercial:
Commercial and industrial	$	4	$	3	$	3	$	2	$	5



Consumer:
Residential mortgage - government guaranteed	609		532		438		424		468
Residential mortgage - nonguaranteed	39		38		41		41		62
Home equity	7		7		6		6		6

Other consumer	26		28		27		24		23


Credit card	75		76		69		49		52

Total loans 90 days past due and still accruing	$	760	$	684	$	584	$	546	$	616
Loans 30-89 Days Past Due and Still Accruing
Commercial:
Commercial and industrial	$	260	$	127	$	73	$	122	$	118
CRE	42		25		6		34		12
Commercial construction	10		36		5		15		—

Consumer:
Residential mortgage - government guaranteed	263		329		327		330		284
Residential mortgage - nonguaranteed	293		357		344		365		347
Home equity	57		69		54		54		57
Indirect auto	508		679		620		582		484
Other consumer	240		281		241		239		246


Credit card	70		77		73		70		71

Total loans 30-89 days past due and still accruing	$	1,743	$	1,980	$	1,743	$	1,811	$	1,619



	As of/For the Quarter Ended
	March 31		Dec. 31		Sept. 30		June 30		March 31
	2026		2025		2025		2025		2025
Asset Quality Ratios
Nonperforming loans and leases as a percentage of loans and leases	0.50	%	0.48	%	0.48	%	0.39	%	0.48	%
Nonperforming loans and leases(1) as a percentage of total loans and leases(1)	0.52		0.48		0.48		0.39		0.51
Nonperforming assets(1) as a percentage of total assets	0.33		0.30		0.30		0.24		0.30
Nonperforming assets as a percentage of loans and leases plus foreclosed property	0.52		0.50		0.50		0.41		0.50
Loans 90 days or more past due and still accruing as a percentage of loans and leases	0.23		0.21		0.18		0.17		0.20
Loans 90 days or more past due and still accruing as a percentage of loans and leases, excluding government guaranteed loans	0.05		0.05		0.05		0.04		0.05
Loans 30-89 days past due and still accruing as a percentage of loans and leases	0.53		0.60		0.54		0.57		0.52
Allowance for loan and lease losses as a percentage of loans and leases	1.53		1.53		1.54		1.54		1.58
Ratio of allowance for loan and lease losses to:
Net charge-offs (annualized)	2.5X		2.7X		3.3X		3.1X		2.6X
Nonperforming loans and leases	3.1X		3.2X		3.2X		3.9X		3.3X
(1)Nonperforming assets and total loans and leases include loans held for sale.

- 5 -



	As of/For the Quarter Ended
	March 31		Dec. 31		Sept. 30		June 30		March 31
(Dollars in millions)	2026		2025		2025		2025		2025
Allowance for Credit Losses
Beginning balance	$	5,347	$	5,305	$	5,253	$	5,166	$	5,161
Provision for credit losses	479		512		436		488		458
Charge-offs:
Commercial:
Commercial and industrial	(142)		(141)		(98)		(120)		(102)
CRE	(7)		(14)		(25)		(38)		(70)
Commercial construction	(17)		—		—		—		—

Consumer:
Residential mortgage	(1)		(3)		(1)		(1)		(1)
Home equity	(3)		(2)		(2)		(4)		(2)
Indirect auto	(158)		(160)		(150)		(127)		(154)
Other consumer	(184)		(178)		(155)		(146)		(154)

Credit card	(71)		(67)		(49)		(70)		(74)

Total charge-offs	(583)		(565)		(480)		(506)		(557)
Recoveries:
Commercial:
Commercial and industrial	16		23		20		31		24
CRE	3		6		2		3		7
Commercial construction	1		1		—		1		—

Consumer:
Residential mortgage	2		1		2		—		2
Home equity	3		3		5		4		4
Indirect auto	25		24		25		28		25
Other consumer	33		28		31		31		30

Credit card	9		9		10		12		11

Total recoveries	92		95		95		110		103
Net charge-offs	(491)		(470)		(385)		(396)		(454)
Other	—		—		1		(5)		1
Ending balance	$	5,335	$	5,347	$	5,305	$	5,253	$	5,166
Allowance for Credit Losses:


Allowance for loan and lease losses	$	5,026	$	5,030	$	4,988	$	4,899	$	4,870
Reserve for unfunded lending commitments	309		317		317		354		296
Allowance for credit losses	$	5,335	$	5,347	$	5,305	$	5,253	$	5,166


	Quarter Ended
	March 31		Dec. 31		Sept. 30		June 30		March 31
	2026		2025		2025		2025		2025
Net Charge-offs as a Percentage of Average Loans and Leases:
Commercial:
Commercial and industrial	0.31	%	0.29	%	0.19	%	0.22	%	0.20	%
CRE	0.06		0.14		0.44		0.71		1.29
Commercial construction	0.84		(0.04)		(0.03)		(0.02)		(0.02)
Consumer:
Residential mortgage	(0.01)		0.01		—		—		—
Home equity	(0.02)		(0.04)		(0.11)		(0.04)		(0.07)
Indirect auto	2.14		2.10		1.99		1.63		2.26
Other consumer	1.91		1.84		1.55		1.54		1.71
Credit card	5.15		4.64		3.13		4.84		5.21

Total loans and leases	0.61		0.57		0.48		0.51		0.60

Ratios are annualized.

- 6 -

Segment Financial Performance - Preliminary



	Quarter Ended
	March 31		Dec. 31		Sept. 30		June 30		March 31
(Dollars in millions)	2026		2025		2025		2025		2025
Consumer and Small Business Banking
Net interest income (expense)	$	1,605	$	1,621	$	1,570	$	1,496	$	1,435
Net intersegment interest income (expense)	891		865		854		830		813
Segment net interest income (expense)	2,496		2,486		2,424		2,326		2,248
Allocated provision for credit losses	374		431		400		384		327


Noninterest income	529		521		530		519		503
Personnel expense	433		443		449		434		434
Amortization of intangibles	34		36		39		39		39

Other direct noninterest expense	293		288		280		286		287
Direct noninterest expense	760		767		768		759		760
Expense allocations	920		934		937		940		903
Total noninterest expense	1,680		1,701		1,705		1,699		1,663
Income (loss) before income taxes	971		875		849		762		761
Provision (benefit) for income taxes	238		212		207		186		185
Segment net income (loss)	$	733	$	663	$	642	$	576	$	576




Wholesale Banking
Net interest income (expense)	$	1,922	$	2,019	$	2,029	$	1,872	$	1,883
Net intersegment interest income (expense)	(416)		(401)		(450)		(303)		(381)
Segment net interest income (expense)	1,506		1,618		1,579		1,569		1,502
Allocated provision for credit losses	105		82		36		104		132


Noninterest income	1,068		1,134		1,142		941		947
Personnel expense	612		668		598		573		557
Amortization of intangibles	30		34		33		34		36

Other direct noninterest expense	187		188		199		203		193
Direct noninterest expense	829		890		830		810		786
Expense allocations	521		465		485		519		517
Total noninterest expense	1,350		1,355		1,315		1,329		1,303
Income (loss) before income taxes	1,119		1,315		1,370		1,077		1,014
Provision (benefit) for income taxes	231		273		285		214		201
Segment net income (loss)	$	888	$	1,042	$	1,085	$	863	$	813































Other, Treasury & Corporate(1)
Net interest income (expense)	$	72	$	60	$	30	$	219	$	189
Net intersegment interest income (expense)	(475)		(464)		(404)		(527)		(432)
Segment net interest income (expense)	(403)		(404)		(374)		(308)		(243)
Allocated provision for credit losses	—		(1)		—		—		(1)


Noninterest income	(44)		(109)		(114)		(60)		(58)
Personnel expense	682		707		701		671		613
Amortization of intangibles	—		—		—		—		—

Other direct noninterest expense	712		806		715		746		747
Direct Noninterest Expense	1,394		1,513		1,416		1,417		1,360
Expense Allocations	(1,441)		(1,399)		(1,422)		(1,459)		(1,420)
Total noninterest expense	(47)		114		(6)		(42)		(60)
Income (loss) before income taxes	(400)		(626)		(482)		(326)		(240)
Provision (benefit) for income taxes	(260)		(275)		(207)		(127)		(112)
Segment net income (loss)	$	(140)	$	(351)	$	(275)	$	(199)	$	(128)


Total Truist Financial Corporation
Net interest income (expense)	$	3,599	$	3,700	$	3,629	$	3,587	$	3,507
Net intersegment interest income (expense)	—		—		—		—		—
Segment net interest income (expense)	3,599		3,700		3,629		3,587		3,507
Allocated provision for credit losses	479		512		436		488		458
Noninterest income	1,553		1,546		1,558		1,400		1,392


Personnel expense	1,727		1,818		1,748		1,678		1,604
Amortization of intangibles	64		70		72		73		75

Other direct noninterest expense	1,192		1,282		1,194		1,235		1,227
Direct Noninterest Expense	2,983		3,170		3,014		2,986		2,906
Expense Allocations	—		—		—		—		—
Total noninterest expense	2,983		3,170		3,014		2,986		2,906
Income before income taxes	1,690		1,564		1,737		1,513		1,535
Provision for income taxes	209		210		285		273		274
Net Income from continuing operations	$	1,481	$	1,354	$	1,452	$	1,240	$	1,261

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

- 7 -

Capital Information - Five Quarter Trend


	As of/For the Quarter Ended
	March 31			Dec. 31			Sept. 30			June 30			March 31
(Dollars in millions, except per share data, shares in thousands)	2026			2025			2025			2025			2025
Selected Capital Information	(preliminary)
Risk-based capital:
Common equity tier 1	$	47,684		$	48,027		$	48,031		$	47,678		$	47,767
Tier 1	52,597			52,940			53,935			53,582			53,671
Total	60,471			61,255			62,377			62,119			62,349
Risk-weighted assets	441,485			443,257			438,114			434,609			424,059
Average quarterly assets for leverage ratio	530,908			529,156			529,861			525,567			519,981
Average quarterly assets for supplementary leverage ratio	637,276			635,249			635,076			626,855			619,992
Risk-based capital ratios:
Common equity tier 1	10.8		%	10.8		%	11.0		%	11.0		%	11.3		%
Tier 1	11.9			11.9			12.3			12.3			12.7
Total	13.7			13.8			14.2			14.3			14.7
Leverage capital ratio	9.9			10.0			10.2			10.2			10.3
Supplementary leverage	8.3			8.3			8.5			8.5			8.7
Common equity per common share	$	47.60		$	47.74		$	46.70		$	45.70		$	44.85

- 8 -

Selected Mortgage Banking Information & Additional Information


	As of/For the Quarter Ended
	March 31			Dec. 31			Sept. 30			June 30			March 31
(Dollars in millions, except per share data)	2026			2025			2025			2025			2025
Mortgage Banking Income
Residential mortgage income:
Residential mortgage production revenue	$	27		$	26		$	22		$	25		$	19
Residential mortgage servicing income:


Residential mortgage servicing income before MSR valuation	82			77			74			72			87




Net MSRs valuation	9			1			9			1			(4)
Total residential mortgage servicing income	91			78			83			73			83
Total residential mortgage income	118			104			105			98			102
Commercial mortgage income:
Commercial mortgage production revenue	12			12			10			6			2
Commercial mortgage servicing income:


Commercial mortgage servicing income before MSR valuation	3			2			4			3			4



Net MSRs valuation	—			1			(1)			—			—
Total commercial mortgage servicing income	3			3			3			3			4
Total commercial mortgage income	15			15			13			9			6
Total mortgage banking income	$	133		$	119		$	118		$	107		$	108

Other Mortgage Banking Information
Residential mortgage loan originations	$	5,137		$	4,551		$	4,743		$	5,855		$	3,626
Residential mortgage servicing portfolio:(1)
Loans serviced for others	233,870			228,383			221,274			213,002			216,148
Bank-owned loans serviced	57,386			57,583			58,396			57,748			55,120
Total servicing portfolio	291,256			285,966			279,670			270,750			271,268
Weighted-average coupon rate on mortgage loans serviced for others	3.77		%	3.77		%	3.75		%	3.70		%	3.68		%
Weighted-average servicing fee on mortgage loans serviced for others	0.29			0.28			0.28			0.28			0.28

Additional Information
Brokered deposits(2)	$	28,488		$	29,835		$	28,423		$	30,008		$	27,585

NQDCP income (expense):(3)
Interest income	$	(6)		$	4		$	1		$	—		$	—
Other income	(7)			(1)			17			21			(6)
Personnel expense	13			(3)			(18)			(21)			6
Total NQDCP income (expense)	$	—		$	—		$	—		$	—		$	—


Common stock prices:
High	$	56.20		$	50.86		$	47.46		$	43.25		$	48.53
Low	43.13			40.78			41.98			33.56			39.41
End of period	45.97			49.21			45.72			42.99			41.15
Banking offices	1,927			1,927			1,927			1,927			1,928
ATMs	2,826			2,829			2,837			2,847			2,861
Full-time equivalent teammates(4)	37,877			38,062			38,534			37,996			37,529

(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.

- 9 -

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
First Quarter 2026
None
Fourth Quarter 2025
Legal accrual	$	(130)	$	(99)	$	(0.08)
Third Quarter 2025
None
Second Quarter 2025
Loss on sale of securities (securities gains (losses))	$	(18)	$	(13)	$	(0.01)
First Quarter 2025
None

(1)Includes certain selected items from the consolidated statements of income.

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

- 10 -

Non-GAAP Reconciliations

Pre-Provision Net Revenue from Continuing Operations


	Quarter Ended
	March 31		Dec. 31		Sept. 30		June 30		March 31
(Dollars in millions)	2026		2025		2025		2025		2025
Net income from continuing operations	$	1,481	$	1,354	$	1,452	$	1,240	$	1,261
Provision for credit losses	479		512		436		488		458
Provision for income taxes	209		210		285		273		274
Taxable-equivalent adjustment	45		49		51		48		48
Pre-provision net revenue(1)	$	2,214	$	2,125	$	2,224	$	2,049	$	2,041

(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
	March 31			Dec. 31			Sept. 30			June 30			March 31
(Dollars in millions)	2026			2025			2025			2025			2025
Net income available to common shareholders	$	1,377		$	1,289		$	1,348		$	1,180		$	1,157

Amortization of intangibles	64			70			72			73			75
Applicable income taxes related to the amortization of intangibles	(15)			(16)			(18)			(17)			(18)

Tangible net income available to common shareholders(1)	$	1,426		$	1,343		$	1,402		$	1,236		$	1,214

Average common shareholders’ equity	$	59,879		$	59,991		$	59,141		$	58,327		$	58,125
Average intangible assets	(18,386)			(18,456)			(18,528)			(18,590)			(18,669)
Applicable deferred taxes related to intangible assets(2)	404			409			415			417			422

Average tangible common shareholders’ equity(1)	$	41,897		$	41,944		$	41,028		$	40,154		$	39,878

Return on average common shareholders’ equity	9.3		%	8.5		%	9.0		%	8.1		%	8.1		%
Return on average tangible common shareholders’ equity(1)	13.8			12.7			13.6			12.3			12.3

(1)Tangible net income available to common shareholders, average tangible common shareholders’ equity, and return on average tangible common shareholders' equity are non-GAAP measures that exclude the impact of 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.

(2)Calculated using the applicable marginal tax rate.

Tangible Book Value per Common Share


	March 31		Dec. 31		Sept. 30		June 30		March 31
(Dollars in millions, except per share data, shares in thousands)	2026		2025		2025		2025		2025
Calculations of Tangible Common Equity and Related Measures:(1)
Total shareholders’ equity	$	64,214	$	65,189	$	65,646	$	64,840	$	64,635
Preferred stock	(4,916)		(4,916)		(5,907)		(5,907)		(5,907)

Intangible assets	(18,350)		(18,416)		(18,489)		(18,561)		(18,624)
Applicable deferred taxes related to intangible assets(2)	403		407		413		418		421
Tangible common equity	$	41,351	$	42,264	$	41,663	$	40,790	$	40,525







Outstanding shares at end of period	1,245,879		1,262,470		1,279,246		1,289,435		1,309,539
Common equity per common share	$	47.60	$	47.74	$	46.70	$	45.70	$	44.85
Tangible common equity per common share	33.19		33.48		32.57		31.63		30.95

(1)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.

(2)Calculated using the applicable marginal tax rate.

- 11 -