Sep 2026 (Q3 FY26) — Oct 16, 2026
Truist Q3 FY26 — Strategic Review Underway with Divestitures and Balance Sheet Repositioning
Read the full callTruist (TFC) earnings
- Sep 2026 (Q3 FY26)
- Dec 2025
Truist earnings: last reported Fri, 16 Oct 2026, for the quarter ended Sep 2026.
Guidance
What management said, and what became of it
35 of 41 judged targets kept · 19 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Noninterest expense growth (linked-quarter guide, GAAP) | increase by 3% to 4% linked quarter | Mar 2026 | GAAP noninterest expense increased 2.4% versus the first quarter of 2026, primarily due to higher personnel expense and professional and outside processing expenses. | Achieved |
| Net interest income growth (linked-quarter guide) | increase approximately 1% in the second quarter | Mar 2026 | Taxable equivalent net interest income increased 0.6% linked quarter or $23 million primarily due to the impact of 1 additional day in the second quarter and higher earning assets, partially offset by lower loan spreads. | Missed |
| Full-year revenue growth | rate of revenue growth in 2026 to more than double versus 2025's growth rate | Sep 2025 | We now expect revenue to increase 3.5% to 4% compared with our previous outlook for 4% revenue growth. | Revised Down |
6 of TRUIST FINANCIAL CORP's 60 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 57 more targets are in the full ledger.
Claimed
- Adjusted EPS increased 12% year-over-year to $1.16 per share.
- Wealth Management income reached a record $407 million for the quarter.
- Average deposits grew 1.4% quarter-over-quarter and 3.6% year-over-year.
- The sale of the RAC auto loan portfolio improved credit risk, reducing nonperforming loans by 28% and expected annualized net charge-offs by 10 basis points.
- AFS securities repositioning is expected to be accretive to EPS and ROTCE starting in Q4.
Qualified
- Investment banking revenue was pushed out late in the quarter due to broader market volatility.
- Loan balances declined due to a sharper focus on risk-adjusted returns in wholesale and higher-than-expected paydowns.
- Reported GAAP EPS of $0.56 was significantly impacted by $0.90 per share of losses from AFS securities repositioning and $0.06 per share of RAC-related costs.
Price
$46.32 −1.59% · −$0.75
Performance +8.7% 1Y
1Y: $42.6 on 17 Oct 2025 → $46.32. High $55.81 (6 Feb 2026), low $42.6 (17 Oct 2025).
- Previous close
- $47.07
- 52-week range
- $43.45 – $55.81
- One year
- +6.61%
Overview
- Symbol
- TFC
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
35 of 41 judged targets kept · 19 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Noninterest expense growth (linked-quarter guide, GAAP) | increase by 3% to 4% linked quarter | Mar 2026 | GAAP noninterest expense increased 2.4% versus the first quarter of 2026, primarily due to higher personnel expense and professional and outside processing expenses. | Achieved |
| Net interest income growth (linked-quarter guide) | increase approximately 1% in the second quarter | Mar 2026 | Taxable equivalent net interest income increased 0.6% linked quarter or $23 million primarily due to the impact of 1 additional day in the second quarter and higher earning assets, partially offset by lower loan spreads. | Missed |
| Full-year revenue growth | rate of revenue growth in 2026 to more than double versus 2025's growth rate | Sep 2025 | We now expect revenue to increase 3.5% to 4% compared with our previous outlook for 4% revenue growth. | Revised Down |
Claimed
- Adjusted EPS increased 12% year-over-year to $1.16 per share.
- Wealth Management income reached a record $407 million for the quarter.
- Average deposits grew 1.4% quarter-over-quarter and 3.6% year-over-year.
- The sale of the RAC auto loan portfolio improved credit risk, reducing nonperforming loans by 28% and expected annualized net charge-offs by 10 basis points.
- AFS securities repositioning is expected to be accretive to EPS and ROTCE starting in Q4.
Qualified
- Investment banking revenue was pushed out late in the quarter due to broader market volatility.
- Loan balances declined due to a sharper focus on risk-adjusted returns in wholesale and higher-than-expected paydowns.
- Reported GAAP EPS of $0.56 was significantly impacted by $0.90 per share of losses from AFS securities repositioning and $0.06 per share of RAC-related costs.
The full ledger
Open TRUIST FINANCIAL CORP’s full ledger
A free account opens 5 company ledgers a month. All 60 tracked commitments, with each call’s wording and source.
Call summaries
Jun 2026 (Q2 FY26) — Jul 17, 2026
Truist Financial Corporation Q2 FY26 — Strong Profitability and CEO Transition
Read the full callMar 2026 (Q1 FY26) — Apr 17, 2026
Truist Q1 FY26 — Strong Profitability and Elevated Capital Return Drive Long-Term ROTCE Target Increase
Read the full callEvery analysed call
Truist earnings calls (TFC)
Financials
What the filings say
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 3,817 | 6,711 | 6,745 | 6,639 | 6,634 | 6,669 | 6,580 | 6,312 |
| Reserves | 18,118 | 19,806 | 19,455 | 22,998 | 26,264 | 22,088 | 23,777 | 26,067 |
| Total liabilities | 195,519 | 406,520 | 438,316 | 471,970 | 494,718 | 476,096 | 467,497 | 482,349 |
| Fixed assets | 2,118 | 3,712 | 3,870 | 3,700 | 3,605 | 3,298 | 3,225 | 3,172 |
| Total assets | 225,697 | 473,078 | 509,228 | 541,241 | 555,255 | 535,349 | 531,176 | 547,538 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 4,349 | 1,520 | 7,437 | 7,892 | 11,081 | 8,631 | 2,164 | 5,739 |
| Cash from investing | -4,963 | 8,348 | -43,652 | -32,056 | -29,972 | 22,858 | 18,598 | -17,763 |
| Cash from financing | 1,502 | 5,353 | 36,018 | 25,591 | 20,017 | -22,266 | -11,638 | 8,633 |
| Net cash flow | 888 | 15,221 | -197 | 1,427 | 1,126 | 9,223 | 9,124 | -3,391 |
| Capital expenditure | -363 | -224 | -815 | -442 | -564 | — | — | — |
| Free cash flow | 3,986 | 1,296 | 6,622 | 7,450 | 10,517 | — | — | — |
TFC operating KPIs by quarter
| KPI | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Common equity tier 1 ratio (CET1) | 11%On a linked quarter basis, our CET1 ratio declined 30 basis points to 11% as balance sheet growth, $750 million of share repurchases, and the payment of our common dividend more than offset our period earnings.Source: earnings call transcript | 11%Our CET1 capital ratio remained stable at 11% and our CET1 ratio, including AOCI, improved by 10 basis points to 9.4%.Source: earnings call transcript | 10.8%Our CET1 capital ratio declined 20 basis points to 10.8% and our CET1 ratio including AOCI increased 10 basis points linked quarter to 9.5%.Source: earnings call transcript | 10.8%Our 10.8% CET ratio was stable with the fourth quarter.Source: earnings call transcript | 10.9%Asset quality metrics remained strong and our CET1 ratio increased by 10 basis points linked quarter to 10.9%.Source: earnings call transcript | 10.7%Our CET1 ratio declined 20 basis points linked quarter to 10.7% and driven by capital return to shareholders and the AFS securities repositioning, partially offset by earnings and the RAC loan sale.Source: earnings call transcript | -0.2 pt |
| Net interest margin | 3.02%Our net interest income or margin increased 1-basis-point on a linked quarter basis to 3.02%.Source: earnings call transcript | 3.01%Our net interest margin declined 1 basis point linked quarter to 3.01%.Source: earnings call transcript | 3.07%Our net interest margin increased 6 basis points linked quarter to 3.07%.Source: earnings call transcript | 3.02%Our net interest margin decreased by 5 basis points linked quarter to 3.02%, driven primarily by that same seasonal change in deposit mix.Source: earnings call transcript | 2.98%Our net interest margin decreased 4 basis points linked quarter to 2.98%, driven by slightly higher deposit costs lower loan spreads and a slightly larger balance sheet.Source: earnings call transcript | 3%Net interest margin increased 2 basis points to 3%, driven by fixed rate asset repricing and a slightly smaller balance sheet.Source: earnings call transcript | 0 pt |
| Common equity tier 1 ratio (CET1) including the impact of AOCI | 9.3%Our CET1 capital ratio, including the impact of AOCI, declined 30 basis points linked quarter to 9.3%, reflecting the aforementioned factors.Source: earnings call transcript | 9.4%Our CET1 capital ratio remained stable at 11% and our CET1 ratio, including AOCI, improved by 10 basis points to 9.4%.Source: earnings call transcript | 9.5%Our CET1 capital ratio declined 20 basis points to 10.8% and our CET1 ratio including AOCI increased 10 basis points linked quarter to 9.5%.Source: earnings call transcript | — | — | — | +0.1 pt |
| Return on tangible common equity (ROTCE) | — | 13.6%In summary, our third quarter results were strong as the combination of improved revenue, disciplined expense and credit management and robust capital return drove 130 basis points sequential improvement in our ROTCE to 13.6%.Source: earnings call transcript | — | 13.8%As a result of this execution in managing our capital through share repurchases, return on tangible common equity improved by 150 basis points to 13.8% compared to the first quarter of 2025, representing meaningful progress towards our full year 2027 ROTCE target of 15%.Source: earnings call transcript | 15.4%In addition, combined with disciplined capital deployment, our return on tangible common equity improved 310 basis points year-over-year to 15.4%.Source: earnings call transcript | — | +1.6 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
51 filings between Oct 23, 2025 and Sep 17, 2026.
Open market
decisions to buy or sellPurchases
$1.02M
1 purchase by 1 insider
Sales
$2.66M
6 sales by 5 insiders
Compensation
not trading decisions- 22
- Award — granted as compensation
- 7
- Option exercise — converted options into shares
- 14
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Lyons Michael P. | $1.02M | — | Sep 17, 2026 |
| ROGERS WILLIAM H JR | — | $693.8K | Jul 20, 2026 |
| Wilson Donta L | — | $688.6K | Jul 31, 2026 |
| Maguire Michael Baron | — | $651.7K | Jan 26, 2026 |
| Boyer K. David Jr. | — | $441.8K | Jul 23, 2026 |
| Powell Cynthia B | — | $183.7K | Feb 2, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 17, 2026 | Lyons Michael P. President & CEO | Purchase | 21,000 | $1.02M |
| Jul 31, 2026 | Wilson Donta L Chief Consumer & SB BK Officer | Sale | 13,280 | $688.6K |
| Jul 28, 2026 | Bessant Catherine P Director | Award | 2,338 | $0 |
| Jul 23, 2026 | Boyer K. David Jr. Director | Sale | 3,986 | $202.1K |
| Jul 20, 2026 | ROGERS WILLIAM H JR Chairman & CEO | Sale | 13,250 | $693.8K |
| Jun 1, 2026 | Bender Bradley D Chief Risk Officer | Tax withheld | 9,115 | $427.2K |
| Jun 1, 2026 | Bender Bradley D Chief Risk Officer | Option exercise | 16,149 | — |
| Mar 13, 2026 | Powell Cynthia B Corp. Controller & CAO | Tax withheld | 2,476 | $108.5K |
| Mar 13, 2026 | Wilson Donta L Chief Consumer & SB BK Officer | Tax withheld | 10,204 | $447.2K |
| Mar 13, 2026 | Maguire Michael Baron Chief Financial Officer | Tax withheld | 7,951 | $348.5K |
| Mar 13, 2026 | Lesher Kristin Chief Whlse Banking Officer | Tax withheld | 7,433 | $325.8K |
| Mar 13, 2026 | Bender Bradley D Chief Risk Officer | Option exercise | 803 | $0 |
| Mar 13, 2026 | Powell Cynthia B Corp. Controller & CAO | Option exercise | 1,929 | $0 |
| Mar 13, 2026 | Bender Bradley D Chief Risk Officer | Tax withheld | 437 | $19.2K |
| Mar 13, 2026 | ROGERS WILLIAM H JR Chairman and CEO | Tax withheld | 32,861 | $1.44M |
| Mar 13, 2026 | Bender Bradley D Chief Risk Officer | Option exercise | 2,895 | $0 |
| Mar 13, 2026 | Bender Bradley D Chief Risk Officer | Tax withheld | 1,594 | $69.9K |
| Mar 13, 2026 | Bender Bradley D Chief Risk Officer | Option exercise | 4,123 | $0 |
| Mar 13, 2026 | Bender Bradley D Chief Risk Officer | Tax withheld | 2,306 | $101.1K |
| Mar 13, 2026 | Stengel Scott A Chief Legal Officer | Tax withheld | 3,001 | $131.5K |
| Feb 24, 2026 | Boyer K. David Jr. Director | Award | 4,027 | $0 |
| Feb 24, 2026 | PRUZAN JONATHAN Director | Award | 4,027 | $0 |
| Feb 24, 2026 | STEIN LAURENCE Director | Award | 4,027 | $0 |
| Feb 24, 2026 | Tanner Bruce L Director | Award | 4,027 | $0 |
| Feb 23, 2026 | Maguire Michael Baron Chief Financial Officer | Award | 8,988 | $0 |
| Feb 23, 2026 | ROGERS WILLIAM H JR Chairman and CEO | Award | 17,690 | $0 |
| Feb 23, 2026 | ROGERS WILLIAM H JR Chairman and CEO | Award | 25,692 | $0 |
| Feb 23, 2026 | ROGERS WILLIAM H JR Chairman and CEO | Award | 34,405 | $0 |
| Feb 23, 2026 | Powell Cynthia B Corp. Controller & CAO | Award | 1,782 | $0 |
| Feb 23, 2026 | Powell Cynthia B Corp. Controller & CAO | Award | 2,298 | $0 |
| Feb 23, 2026 | Powell Cynthia B Corp. Controller & CAO | Award | 3,186 | $0 |
| Feb 23, 2026 | Stengel Scott A Chief Legal Officer | Award | 6,908 | $0 |
| Feb 23, 2026 | Wilson Donta L Chief Consumer & SB BK Officer | Award | 3,216 | $0 |
| Feb 23, 2026 | Wilson Donta L Chief Consumer & SB BK Officer | Award | 1,102 | $0 |
| Feb 23, 2026 | Wilson Donta L Chief Consumer & SB BK Officer | Award | 6,930 | $0 |
| Feb 23, 2026 | Wilson Donta L Chief Consumer & SB BK Officer | Award | 12,236 | $0 |
| Feb 23, 2026 | Maguire Michael Baron Chief Financial Officer | Award | 2,729 | $0 |
| Feb 23, 2026 | Maguire Michael Baron Chief Financial Officer | Award | 6,583 | $0 |
| Feb 23, 2026 | Lesher Kristin Chief Whlse Banking Officer | Award | 17,087 | $0 |
| Feb 13, 2026 | Stengel Scott A Chief Legal Officer | Tax withheld | 3,346 | $173.7K |
| Feb 13, 2026 | Bender Bradley D Chief Risk Officer | Option exercise | 2,604 | $0 |
| Feb 13, 2026 | Bender Bradley D Chief Risk Officer | Tax withheld | 841 | $43.6K |
| Feb 13, 2026 | Stengel Scott A Chief Legal Officer | Award | 11,416 | $0 |
| Feb 12, 2026 | Lesher Kristin Chief Whlse Banking Officer | Tax withheld | 21,061 | $1.10M |
| Feb 12, 2026 | Lesher Kristin Chief Whlse Banking Officer | Award | 54,831 | $0 |
| Feb 2, 2026 | Powell Cynthia B Corp. Controller & CAO | Sale | 3,500 | $183.7K |
| Jan 26, 2026 | Maguire Michael Baron Chief Financial Officer | Sale | 13,000 | $651.7K |
| Dec 4, 2025 | Powell Cynthia B Corp. Controller & CAO | Option exercise | 247 | $0 |
| Dec 4, 2025 | Powell Cynthia B Corp. Controller & CAO | Tax withheld | 247 | $11.5K |
| Nov 25, 2025 | Boyer K. David Jr. Director | Sale | 5,160 | $239.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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