Quarterly Performance Summary

Truist Financial Corporation

Third Quarter 2025

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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

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Financial Highlights

			Quarter Ended																														Year-to-Date
(Dollars in millions, except per share data, shares in thousands)			Sept. 30						June 30						March 31						Dec. 31						Sept. 30						Sept. 30						Sept. 30
			2025						2025						2025						2024						2024						2025						2024
Summary Income Statement
Interest income			$	6,286					$	6,154					$	5,988					$	6,179					$	6,352					$	18,428					$	18,887
Plus: Taxable-equivalent adjustment			51						48						48						51						55						147						161
Interest income - taxable equivalent(1)			6,337						6,202						6,036						6,230						6,407						18,575						19,048
Interest expense			2,657						2,567						2,481						2,589						2,750						7,705						8,386
Net interest income			3,629						3,587						3,507						3,590						3,602						10,723						10,501
Net interest income - taxable equivalent(1)			3,680						3,635						3,555						3,641						3,657						10,870						10,662
Provision for credit losses			436						488						458						471						448						1,382						1,399
Net interest income after provision for credit losses			3,193						3,099						3,049						3,119						3,154						9,341						9,102
Noninterest income			1,558						1,400						1,392						1,470						1,483						4,350						(2,283)
Noninterest expense			3,014						2,986						2,906						3,035						2,927						8,906						8,974
Income (loss) before income taxes			1,737						1,513						1,535						1,554						1,710						4,785						(2,155)
Provision (benefit) for income taxes			285						273						274						265						271						832						(821)
Net income (loss) from continuing operations			1,452						1,240						1,261						1,289						1,439						3,953						(1,334)
Net income (loss) from discontinued operations			—						—						—						(13)						3						—						4,898
Net income			1,452						1,240						1,261						1,276						1,442						3,953						3,564
Noncontrolling interests from discontinued operations			—						—						—						—						—						—						22
Preferred stock dividends and other			104						60						104						60						106						268						289
Net Income available to common shareholders			1,348						1,180						1,157						1,216						1,336						3,685						3,253
Net income available to common shareholders - adjusted(1)			1,348						1,193						1,158						1,211						1,307						3,699						3,758
Additional Income Statement Information
Revenue			5,187						4,987						4,899						5,060						5,085						15,073						8,218
Revenue - taxable equivalent(1)			5,238						5,035						4,947						5,111						5,140						15,220						8,379
Pre-provision net revenue - unadjusted(1)			2,224						2,049						2,041						2,076						2,213						6,314						(595)
Pre-provision net revenue - adjusted(1)			2,251						2,095						2,080						2,080						2,222						6,426						6,386
Key Metrics
Earnings:
Earnings per share-basic from continuing operations(2)			$	1.05					$	0.91					$	0.88					$	0.93					$	1.00					$	2.85					$	(1.21)
Earnings per share-basic			1.05						0.91						0.88						0.92						1.00						2.85						2.44
Earnings per share-diluted from continuing operations(2)			1.04						0.90						0.87						0.92						0.99						2.82						(1.21)
Earnings per share-diluted			1.04						0.90						0.87						0.91						0.99						2.82						2.44
Earnings per share-adjusted diluted(1)			1.04						0.91						0.87						0.91						0.97						2.83						2.79
Cash dividends declared per share			0.52						0.52						0.52						0.52						0.52						1.56						1.56
Common shareholders’ equity per share			46.70						45.70						44.85						43.90						44.46
Tangible common shareholders’ equity per share(1)			32.57						31.63						30.95						30.01						30.64
End of period shares outstanding			1,279,246						1,289,435						1,309,539						1,315,936						1,327,521
Weighted average shares outstanding-basic			1,280,571						1,292,292						1,307,457						1,317,017						1,334,212						1,293,341						1,335,812
Weighted average shares outstanding-diluted			1,296,666						1,305,005						1,324,339						1,333,701						1,349,129						1,308,676						1,335,812
Return on average assets			1.06		%				0.93		%				0.96		%				0.96		%				1.10		%				0.98		%				0.91		%
Return on average common shareholders’ equity			9.0						8.1						8.1						8.4						9.1						8.4						7.9
Return on average tangible common shareholders’ equity(1)			13.6						12.3						12.3						12.9						13.8						12.8						13.4
Net interest margin - taxable equivalent(1)			3.01						3.02						3.01						3.07						3.12						3.01						3.01
Efficiency ratio-unadjusted(2)			58.1						59.9						59.3						60.0						57.5						59.1						NM
Efficiency ratio-adjusted(1)(2)			55.7						57.1						56.4						57.7						55.2						56.4						55.8
Fee income ratio-unadjusted(2)			30.0						28.1						28.4						29.0						29.2						28.9						NM
Fee income ratio-adjusted(1)(2)			29.7						28.1						28.2						28.8						28.9						28.7						29.1
Credit Quality
Nonperforming loans and leases as a percentage of LHFI			0.48		%				0.39		%				0.48		%				0.47		%				0.48		%
Net charge-offs as a percentage of average LHFI			0.48						0.51						0.60						0.59						0.55						0.53		%				0.59		%
Allowance for loan and lease losses as a percentage of LHFI			1.54						1.54						1.58						1.59						1.60
Ratio of allowance for loan and lease losses to nonperforming LHFI			3.2x						3.9x						3.3x						3.4x						3.3x
Average Balances
Assets			$	541,825					$	537,069					$	531,630					$	527,013					$	519,415					$	536,879					$	525,747
Securities(3)			119,180						121,829						124,061						124,871						117,172						121,672						123,518
Loans and leases			322,070						313,841						307,528						304,609						304,578						314,533						307,186
Deposits			396,600						400,483						392,204						390,042						384,344						396,445						387,138
Common shareholders’ equity			59,141						58,327						58,125						57,754						58,667						58,535						55,245
Total shareholders’ equity			65,049						64,235						64,033						64,295						65,341						64,443						62,022
Period-End Balances
Assets			$	543,851					$	543,833					$	535,899					$	531,176					$	523,434
Securities(3)			113,544						115,363						117,888						118,104						115,606
Loans and leases			325,663						319,999						309,752						307,771						304,362
Deposits			394,907						406,122						403,736						390,524						387,778
Common shareholders’ equity			59,739						58,933						58,728						57,772						59,023
Total shareholders’ equity			65,646						64,840						64,635						63,679						65,696
Capital and Liquidity Ratios			(preliminary)
Common equity tier 1			11.0		%				11.0		%				11.3		%				11.5		%				11.6		%
Tier 1			12.3						12.3						12.7						12.9						13.2
Total			14.2						14.3						14.7						15.0						15.3
Leverage			10.2						10.2						10.3						10.5						10.8
Supplementary leverage			8.5						8.5						8.7						8.8						9.1
Liquidity coverage ratio			110						110						111						109						112

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 this Quarterly Performance Summary or the appendix to Truist’s Third Quarter 2025 Earnings Presentation.

(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.

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Consolidated Statements of Income

			Quarter Ended																														Year-to-Date
			Sept. 30						June 30						March 31						Dec. 31						Sept. 30						Sept. 30						Sept. 30
(Dollars in millions, except per share data, shares in thousands)			2025						2025						2025						2024						2024						2025						2024
Interest Income
Interest and fees on loans and leases			$	4,816					$	4,657					$	4,493					$	4,634					$	4,852					$	13,966					$	14,596
Interest on securities			941						961						975						994						869						2,877						2,512
Interest on other earning assets			529						536						520						551						631						1,585						1,779
Total interest income			6,286						6,154						5,988						6,179						6,352						18,428						18,887
Interest Expense
Interest on deposits			1,835						1,844						1,736						1,855						2,014						5,415						5,994
Interest on long-term debt			523						431						409						431						454						1,363						1,382
Interest on other borrowings			299						292						336						303						282						927						1,010
Total interest expense			2,657						2,567						2,481						2,589						2,750						7,705						8,386
Net Interest Income			3,629						3,587						3,507						3,590						3,602						10,723						10,501
Provision for credit losses			436						488						458						471						448						1,382						1,399
Net Interest Income After Provision for Credit Losses			3,193						3,099						3,049						3,119						3,154						9,341						9,102
Noninterest Income
Wealth management income			374						348						344						345						350						1,066						1,067
Investment banking and trading income			323						205						273						262						332						801						941
Card and payment related fees			225						232						220						231						222						677						676
Service charges on deposits			240						227						230						237						221						697						678
Mortgage banking income			118						107						108						117						106						333						315
Lending related fees			103						99						95						93						88						297						273
Operating lease income			45						47						53						47						49						145						158
Securities gains (losses)			—						(18)						(1)						(1)						—						(19)						(6,650)
Other income			130						153						70						139						115						353						259
Total noninterest income			1,558						1,400						1,392						1,470						1,483						4,350						(2,283)
Noninterest Expense
Personnel expense			1,726						1,653						1,587						1,587						1,628						4,966						4,919
Professional fees and outside processing			346						373						364						415						336						1,083						922
Software expense			233						231						230						232						222						694						664
Net occupancy expense			182						179						163						179						157						524						477
Equipment expense			90						89						82						112						84						261						261
Amortization of intangibles			72						73						75						84						84						220						261
Marketing and customer development			79						82						75						74						75						236						194
Operating lease depreciation			31						33						35						36						34						99						108
Regulatory costs			32						55						69						56						51						156						288
Restructuring charges			27						28						38						11						25						93						109
Other expense			196						190						188						249						231						574						771
Total noninterest expense			3,014						2,986						2,906						3,035						2,927						8,906						8,974
Earnings
Income (loss) before income taxes			1,737						1,513						1,535						1,554						1,710						4,785						(2,155)
Provision (benefit) for income taxes			285						273						274						265						271						832						(821)
Net income (loss) from continuing operations			1,452						1,240						1,261						1,289						1,439						3,953						(1,334)
Net income (loss) from discontinued operations			—						—						—						(13)						3						—						4,898
Net income			1,452						1,240						1,261						1,276						1,442						3,953						3,564
Noncontrolling interests from discontinuing operations			—						—						—						—						—						—						22
Preferred stock dividends and other			104						60						104						60						106						268						289
Net income available to common shareholders			$	1,348					$	1,180					$	1,157					$	1,216					$	1,336					$	3,685					$	3,253
Earnings Per Common Share
Earnings per share-basic from continuing operations			$	1.05					$	0.91					$	0.88					$	0.93					$	1.00					$	2.85					$	(1.21)
Earnings per share-basic			1.05						0.91						0.88						0.92						1.00						2.85						2.44
Earnings per share-diluted from continuing operations			1.04						0.90						0.87						0.92						0.99						2.82						(1.21)
Earnings per share-diluted			1.04						0.90						0.87						0.91						0.99						2.82						2.44
Weighted Average Shares Outstanding
Basic			1,280,571						1,292,292						1,307,457						1,317,017						1,334,212						1,293,341						1,335,812
Diluted			1,296,666						1,305,005						1,324,339						1,333,701						1,349,129						1,308,676						1,335,812

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Consolidated Ending Balance Sheets - Five Quarter Trend

			Sept. 30						June 30						March 31						Dec. 31						Sept. 30
(Dollars in millions)			2025						2025						2025						2024						2024
Assets
Cash and due from banks			$	4,329					$	5,157					$	5,996					$	5,793					$	5,229
Interest-bearing deposits with banks			32,523						36,294						36,175						33,975						34,411
Securities borrowed or purchased under resale agreements			2,981						2,656						2,810						2,550						2,973
Trading assets at fair value			5,731						5,963						5,838						5,100						5,209
Securities available for sale at fair value			65,522						66,390						68,012						67,464						64,111
Securities held to maturity at amortized cost			48,022						48,973						49,876						50,640						51,495
Loans and leases:
Commercial:
Commercial and industrial			163,607						162,273						156,679						154,848						153,925
CRE			22,414						20,270						19,578						20,363						20,912
Commercial construction			8,027						8,277						8,766						8,520						7,980
Consumer:
Residential mortgage			57,623						57,828						56,099						55,599						53,963
Home equity			9,618						9,591						9,523						9,642						9,680
Indirect auto			25,490						24,558						23,628						23,089						22,508
Other consumer			32,070						31,122						29,537						29,395						29,282
Credit card			4,889						4,877						4,828						4,927						4,834
Total loans and leases held for investment			323,738						318,796						308,638						306,383						303,084
Loans held for sale			1,925						1,203						1,114						1,388						1,278
Total loans and leases			325,663						319,999						309,752						307,771						304,362
Allowance for loan and lease losses			(4,988)						(4,899)						(4,870)						(4,857)						(4,842)
Premises and equipment			3,176						3,197						3,168						3,225						3,251
Goodwill			17,125						17,125						17,125						17,125						17,125
Core deposit and other intangible assets			1,328						1,399						1,473						1,550						1,635
Loan servicing rights at fair value			3,776						3,612						3,628						3,708						3,499
Other assets			38,663						37,967						36,916						37,132						34,976
Total assets			$	543,851					$	543,833					$	535,899					$	531,176					$	523,434
Liabilities
Deposits:
Noninterest-bearing deposits			$	106,197					$	106,442					$	108,461					$	107,451					$	105,984
Interest checking			109,827						118,122						118,043						109,042						109,493
Money market and savings			135,931						133,891						136,777						137,307						134,349
Time deposits			42,952						47,667						40,455						36,724						37,952
Total deposits			394,907						406,122						403,736						390,524						387,778
Short-term borrowings			29,376						16,631						23,730						29,205						20,859
Long-term debt			41,729						44,427						32,030						34,956						36,770
Other liabilities			12,193						11,813						11,768						12,812						12,331
Total liabilities			478,205						478,993						471,264						467,497						457,738
Shareholders’ Equity:
Preferred stock			5,907						5,907						5,907						5,907						6,673
Common stock			6,396						6,447						6,548						6,580						6,638
Additional paid-in capital			34,278						34,620						35,178						35,628						36,020
Retained earnings			25,438						24,759						24,252						23,777						23,248
Accumulated other comprehensive loss			(6,373)						(6,893)						(7,250)						(8,213)						(6,883)
Total shareholders’ equity			65,646						64,840						64,635						63,679						65,696
Total liabilities and shareholders’ equity			$	543,851					$	543,833					$	535,899					$	531,176					$	523,434

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Average Balances and Rates - Quarters

			Quarter Ended
			September 30, 2025												June 30, 2025												March 31, 2025												December 31, 2024												September 30, 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			$	13,351		$	174		5.18		%				$	14,034		$	181		5.20		%				$	14,867		$	191		5.19		%				$	14,387		$	196		5.40		%				$	12,986		$	151		4.65		%
U.S. government-sponsored entities (GSE)			458			4			3.86						463			5			3.73						462			4			3.75						412			3			3.42						377			4			3.41
Mortgage-backed securities issued by GSE			104,998			760			2.89						106,947			772			2.89						108,345			777			2.87						109,644			792			2.89						103,374			711			2.75
States and political subdivisions			358			3			4.19						370			4			4.20						370			4			4.20						411			5			4.14						417			3			4.14
Other			15			1			4.50						15			—			4.53						17			—			4.72						17			—			5.16						18			1			5.18
Total securities			119,180			942			3.16						121,829			962			3.16						124,061			976			3.16						124,871			996			3.19						117,172			870			2.97
Loans and leases:
Commercial:
Commercial and industrial			162,207			2,312			5.66						158,491			2,262			5.72						155,214			2,184			5.70						153,209			2,293			5.95						154,102			2,482			6.41
CRE			21,171			336			6.25						19,687			308			6.22						19,832			302			6.12						20,504			337			6.47						21,481			373			6.88
Commercial construction			8,258			139			6.84						8,613			144			6.85						8,734			145			6.84						8,261			147			7.26						7,870			152			7.79
Consumer:
Residential mortgage			57,676			598			4.15						56,789			579			4.08						55,658			562			4.04						54,390			536			3.94						53,999			525			3.89
Home equity			9,588			182			7.51						9,586			178			7.47						9,569			177			7.48						9,675			189			7.78						9,703			196			8.04
Indirect auto			24,964			459			7.29						24,158			441			7.32						23,248			412			7.19						22,790			411			7.19						22,121			399			7.18
Other consumer			31,714			668			8.36						30,387			634			8.37						29,291			602			8.33						29,355			606			8.21						29,015			603			8.26
Credit card			4,915			146			11.74						4,890			139			11.35						4,849			138			11.60						4,926			143			11.54						4,874			150			12.20
Total loans and leases held for investment			320,493			4,840			6.00						312,601			4,685			6.01						306,395			4,522			5.97						303,110			4,662			6.12						303,165			4,880			6.41
Loans held for sale			1,577			24			6.18						1,240			19			6.15						1,133			17			5.93						1,499			21			5.87						1,413			24			6.49
Total loans and leases			322,070			4,864			6.00						313,841			4,704			6.01						307,528			4,539			5.97						304,609			4,683			6.12						304,578			4,904			6.41
Interest earning trading assets			5,991			86			5.70						5,896			88			5.98						5,628			80			5.72						5,462			79			5.86						5,454			84			6.05
Other earning assets(3)			38,765			445			4.50						39,417			448			4.51						38,997			441			4.53						37,697			472			4.91						38,933			549			5.54
Total earning assets			486,006			6,337			5.18						480,983			6,202			5.16						476,214			6,036			5.12						472,639			6,230			5.25						466,137			6,407			5.47
Nonearning assets			55,819												56,086												55,416												54,374												53,278
Total assets			$	541,825											$	537,069											$	531,630											$	527,013											$	519,415
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking			$	109,244		677			2.46						$	116,193		726			2.51						$	109,208		640			2.37						$	107,075		679			2.52						$	103,899		732			2.80
Money market and savings			136,515			755			2.19						135,607			751			2.22						136,897			743			2.20						138,242			838			2.41						136,639			914			2.66
Time deposits			45,090			403			3.54						41,997			367			3.50						40,204			353			3.56						36,757			338			3.66						37,726			368			3.88
Total interest-bearing deposits			290,849			1,835			2.50						293,797			1,844			2.52						286,309			1,736			2.46						282,074			1,855			2.62						278,264			2,014			2.88
Short-term borrowings			26,796			299			4.42						26,241			292			4.47						30,332			336			4.49						25,006			303			4.81						20,781			282			5.41
Long-term debt			41,458			523			5.04						34,213			431			5.02						32,418			409			5.05						34,133			431			5.06						35,318			454			5.13
Total interest-bearing liabilities			359,103			2,657			2.94						354,251			2,567			2.91						349,059			2,481			2.88						341,213			2,589			3.02						334,363			2,750			3.27
Noninterest-bearing deposits			105,751												106,686												105,895												107,968												106,080
Other liabilities			11,922												11,897												12,643												13,537												13,631
Shareholders’ equity			65,049												64,235												64,033												64,295												65,341
Total liabilities and shareholders’ equity			$	541,825											$	537,069											$	531,630											$	527,013											$	519,415
Average interest-rate spread									2.24												2.25												2.24												2.23												2.20
Net interest income/ net interest margin - taxable equivalent						$	3,680		3.01		%							$	3,635		3.02		%							$	3,555		3.01		%							$	3,641		3.07		%							$	3,657		3.12		%
Taxable-equivalent adjustment						51												48												48												51												55
Net interest income						$	3,629											$	3,587											$	3,507											$	3,590											$	3,602
Memo: Total deposits			$	396,600		1,835			1.84		%				$	400,483		1,844			1.85		%				$	392,204		1,736			1.79		%				$	390,042		1,855			1.89		%				$	384,344		2,014			2.08		%

(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.

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Average Balances and Rates - Year-To-Date

						Year-to-Date
						September 30, 2025																		September 30, 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						$	14,078					$	546					5.19		%				$	11,332					$	289					3.41		%
U.S. government-sponsored entities (GSE)						461						13						3.78						383						10						3.36
Mortgage-backed securities issued by GSE						106,752						2,309						2.88						109,654						2,166						2.63
States and political subdivisions						366						11						4.20						419						12						4.14
Non-agency mortgage-backed						—						—						—						1,712						37						2.85
Other						15						1						4.59						18						1						5.28
Total securities						121,672						2,880						3.16						123,518						2,515						2.72
Loans and leases:
Commercial:
Commercial and industrial						158,663						6,758						5.69						156,501						7,604						6.49
CRE						20,235						946						6.20						21,948						1,143						6.92
Commercial construction						8,533						428						6.84						7,551						436						7.82
Consumer:
Residential mortgage						56,715						1,739						4.09						54,518						1,578						3.86
Home equity						9,581						537						7.49						9,812						587						7.99
Indirect auto						24,129						1,312						7.27						22,170						1,152						6.94
Other consumer						30,474						1,904						8.36						28,545						1,745						8.17
Credit card						4,885						423						11.57						4,900						444						12.10
Total loans and leases held for investment						313,215						14,047						5.99						305,945						14,689						6.41
Loans held for sale						1,318						60						6.09						1,241						61						6.49
Total loans and leases						314,533						14,107						5.99						307,186						14,750						6.41
Interest earning trading assets						5,840						254						5.80						5,272						247						6.21
Other earning assets(3)						39,059						1,334						4.51						36,261						1,536						5.58
Total earning assets						481,104						18,575						5.15						472,237						19,048						5.38
Nonearning assets						55,775																		50,114
Assets of discontinued operations						—																		3,396
Total assets						$	536,879																	$	525,747
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking						$	111,548					2,043						2.45						$	103,777					2,123						2.73
Money market and savings						136,339						2,249						2.21						135,537						2,619						2.58
Time deposits						42,448						1,123						3.54						40,295						1,252						4.15
Total interest-bearing deposits						290,335						5,415						2.49						279,609						5,994						2.86
Short-term borrowings						27,777						927						4.46						24,329						1,010						5.55
Long-term debt						36,063						1,363						5.04						37,579						1,382						4.90
Total interest-bearing liabilities						354,175						7,705						2.91						341,517						8,386						3.28
Noninterest-bearing deposits						106,110																		107,529
Other liabilities						12,151																		13,278
Liabilities of discontinued operations						—																		1,401
Shareholders’ equity						64,443																		62,022
Total liabilities and shareholders’ equity						$	536,879																	$	525,747
Average interest-rate spread																		2.24																		2.10
Net interest income/ net interest margin - taxable equivalent												$	10,870					3.01		%										$	10,662					3.01		%
Taxable-equivalent adjustment												147																		161
Net interest income												$	10,723																	$	10,501
Memo: Total deposits						$	396,445					5,415						1.83		%				$	387,138					5,994						2.07		%

(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.

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Credit Quality

						Sept. 30						June 30						March 31						Dec. 31						Sept. 30
(Dollars in millions)						2025						2025						2025						2024						2024
Nonperforming Assets
Nonaccrual loans and leases:
Commercial:
Commercial and industrial						$	800					$	520					$	586					$	521					$	575
CRE						98						128						294						298						302
Commercial construction						42						1						2						3						1
Consumer:
Residential mortgage						196						191						179						166						156
Home equity						103						107						114						116						118
Indirect auto						247						240						248						259						252
Other consumer						66						64						65						66						63
Total nonaccrual loans and leases held for investment						1,552						1,251						1,488						1,429						1,467
Loans held for sale						19						12						77						—						5
Total nonaccrual loans and leases						1,571						1,263						1,565						1,429						1,472
Foreclosed real estate						4						4						4						3						3
Other foreclosed property						54						49						49						45						53
Total nonperforming assets						$	1,629					$	1,316					$	1,618					$	1,477					$	1,528
Loans 90 Days or More Past Due and Still Accruing
Commercial:
Commercial and industrial						$	3					$	2					$	5					$	19					$	5
CRE						—						—						—						1						—
Consumer:
Residential mortgage - government guaranteed						438						424						468						430						394
Residential mortgage - nonguaranteed						41						41						62						51						39
Home equity						6						6						6						9						7
Indirect auto						—						—						—						—						—
Other consumer						27						24						23						23						22
Credit card						69						49						52						54						51
Total loans 90 days past due and still accruing						$	584					$	546					$	616					$	587					$	518
Loans 30-89 Days Past Due
Commercial:
Commercial and industrial						$	73					$	122					$	118					$	168					$	116
CRE						6						34						12						60						10
Commercial construction						5						15						—						3						4
Consumer:
Residential mortgage - government guaranteed						327						330						284						318						305
Residential mortgage - nonguaranteed						344						365						347						401						366
Home equity						54						54						57						60						63
Indirect auto						620						582						484						622						596
Other consumer						241						239						246						236						233
Credit card						73						70						71						81						76
Total loans 30-89 days past due						$	1,743					$	1,811					$	1,619					$	1,949					$	1,769

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						As of/For the Quarter Ended
						Sept. 30						June 30						March 31						Dec. 31						Sept. 30
						2025						2025						2025						2024						2024
Asset Quality Ratios
Loans 30-89 days past due and still accruing as a percentage of loans and leases						0.54		%				0.57		%				0.52		%				0.64		%				0.58		%
Loans 90 days or more past due and still accruing as a percentage of loans and leases						0.18						0.17						0.20						0.19						0.17
Nonperforming loans and leases as a percentage of loans and leases						0.48						0.39						0.48						0.47						0.48
Nonperforming loans and leases as a percentage of loans and leases(1)						0.48						0.39						0.51						0.46						0.48
Nonperforming assets as a percentage of:
Total assets(1)						0.30						0.24						0.30						0.28						0.29
Loans and leases plus foreclosed property						0.50						0.41						0.50						0.48						0.50
Net charge-offs as a percentage of average loans and leases						0.48						0.51						0.60						0.59						0.55
Allowance for loan and lease losses as a percentage of loans and leases						1.54						1.54						1.58						1.59						1.60
Ratio of allowance for loan and lease losses to:
Net charge-offs						3.3X						3.1X						2.6X						2.7X						2.9X
Nonperforming loans and leases						3.2X						3.9X						3.3X						3.4X						3.3X
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		%				0.04		%				0.05		%				0.05		%				0.04		%
Applicable ratios are annualized.
(1)Includes loans held for sale.
																								As of/For the Year-to-Date
																								Period Ended Sept. 30
																								2025						2024
Asset Quality Ratios
Net charge-offs as a percentage of average loans and leases																								0.53		%				0.59		%
Ratio of allowance for loan and lease losses to net charge-offs																								3.0X						2.7X
Applicable ratios are annualized.

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						As of/For the Quarter Ended																														As of/For the Year-to-Date
						Sept. 30						June 30						March 31						Dec. 31						Sept. 30						Period Ended Sept. 30
(Dollars in millions)						2025						2025						2025						2024						2024						2025						2024
Allowance for Credit Losses
Beginning balance						$	5,253					$	5,166					$	5,161					$	5,140					$	5,110					$	5,161					$	5,093
Provision for credit losses						436						488						458						471						448						1,382						1,399
Charge-offs:
Commercial:
Commercial and industrial						(98)						(120)						(102)						(119)						(96)						(320)						(276)
CRE						(25)						(38)						(70)						(51)						(65)						(133)						(265)
Consumer:
Residential mortgage						(1)						(1)						(1)						(1)						—						(3)						(2)
Home equity						(2)						(4)						(2)						(2)						(1)						(8)						(7)
Indirect auto						(150)						(127)						(154)						(158)						(143)						(431)						(433)
Other consumer						(155)						(146)						(154)						(148)						(152)						(455)						(458)
Credit card						(49)						(70)						(74)						(74)						(71)						(193)						(222)
Total charge-offs						(480)						(506)						(557)						(553)						(528)						(1,543)						(1,663)
Recoveries:
Commercial:
Commercial and industrial						20						31						24						15						26						75						72
CRE						2						3						7						17						5						12						17
Commercial construction						—						1						—						—						1						1						2
Consumer:
Residential mortgage						2						—						2						2						1						4						4
Home equity						5						4						4						3						4						13						13
Indirect auto						25						28						25						24						38						78						96
Other consumer						31						31						30						28						26						92						82
Credit card						10						12						11						11						9						33						27
Total recoveries						95						110						103						100						110						308						313
Net charge-offs						(385)						(396)						(454)						(453)						(418)						(1,235)						(1,350)
Other						1						(5)						1						3						—						(3)						(2)
Ending balance						$	5,305					$	5,253					$	5,166					$	5,161					$	5,140					$	5,305					$	5,140
Allowance for Credit Losses:
Allowance for loan and lease losses						$	4,988					$	4,899					$	4,870					$	4,857					$	4,842
Reserve for unfunded lending commitments (RUFC)						317						354						296						304						298
Allowance for credit losses						$	5,305					$	5,253					$	5,166					$	5,161					$	5,140

						Quarter Ended																														As of/For the Year-to-Date
						Sept. 30						June 30						March 31						Dec. 31						Sept. 30						Period Ended Sept. 30
						2025						2025						2025						2024						2024						2025						2024
Net Charge-offs as a Percentage of Average Loans and Leases:
Commercial:
Commercial and industrial						0.19		%				0.22		%				0.20		%				0.27		%				0.18		%				0.21		%				0.17		%
CRE						0.44						0.71						1.29						0.66						1.12						0.80						1.51
Commercial construction						(0.03)						(0.02)						(0.02)						(0.02)						(0.01)						(0.02)						(0.03)
Consumer:
Residential mortgage						—						—						—						(0.01)						(0.01)						—						(0.01)
Home equity						(0.11)						(0.04)						(0.07)						(0.07)						(0.11)						(0.07)						(0.07)
Indirect auto						1.99						1.63						2.26						2.33						1.89						1.96						2.03
Other consumer						1.55						1.54						1.71						1.63						1.73						1.60						1.76
Credit card						3.13						4.84						5.21						5.10						5.04						4.38						5.31
Total loans and leases						0.48						0.51						0.60						0.59						0.55						0.53						0.59
Applicable ratios are annualized.

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Segment Financial Performance - Preliminary

						Quarter Ended
						Sept. 30						June 30						March 31						Dec. 31						Sept. 30
(Dollars in millions)						2025						2025						2025						2024						2024
Consumer and Small Business Banking
Net interest income (expense)						$	1,564					$	1,490					$	1,429					$	1,392					$	1,348
Net intersegment interest income (expense)						888						868						855						1,103						1,182
Segment net interest income (expense)						2,452						2,358						2,284						2,495						2,530
Allocated provision for credit losses						400						384						328						347						353
Noninterest income						530						519						503						535						506
Personnel expense						426						414						415						413						406
Amortization of intangibles						38						39						39						45						45
Restructuring charges						4						1						—						1						1
Other direct noninterest expense						267						276						271						303						294
Direct noninterest expense						735						730						725						762						746
Expense allocations						969						969						938						979						917
Total noninterest expense						1,704						1,699						1,663						1,741						1,663
Income (loss) before income taxes						878						794						796						942						1,020
Provision (benefit) for income taxes						215						193						194						227						244
Segment net income (loss)						$	663					$	601					$	602					$	715					$	776
Wholesale Banking
Net interest income (expense)						$	2,035					$	1,878					$	1,890					$	1,973					$	2,101
Net intersegment interest income (expense)						(366)						(214)						(294)						(372)						(512)
Segment net interest income (expense)						1,669						1,664						1,596						1,601						1,589
Allocated provision for credit losses						36						104						131						123						96
Noninterest income						1,143						943						948						1,038						1,047
Personnel expense						592						569						557						560						578
Amortization of intangibles						34						34						36						39						39
Restructuring charges						7						7						1						4						9
Other direct noninterest expense						199						203						194						208						182
Direct noninterest expense						832						813						788						811						808
Expense allocations						487						521						520						492						432
Total noninterest expense						1,319						1,334						1,308						1,303						1,240
Income (loss) before income taxes						1,457						1,169						1,105						1,213						1,300
Provision (benefit) for income taxes						307						236						221						240						260
Segment net income (loss)						$	1,150					$	933					$	884					$	973					$	1,040
Other, Treasury & Corporate(1)
Net interest income (expense)						$	30					$	219					$	188					$	225					$	153
Net intersegment interest income (expense)						(522)						(654)						(561)						(731)						(670)
Segment net interest income (expense)						(492)						(435)						(373)						(506)						(517)
Allocated provision for credit losses						—						—						(1)						1						(1)
Noninterest income						(115)						(62)						(59)						(103)						(70)
Personnel expense						708						670						615						614						644
Amortization of intangibles						—						—						—						—						—
Restructuring charges						16						20						37						6						15
Other direct noninterest expense						723						753						741						842						714
Direct Noninterest Expense						1,447						1,443						1,393						1,462						1,373
Expense Allocations						(1,456)						(1,490)						(1,458)						(1,471)						(1,349)
Total noninterest expense						(9)						(47)						(65)						(9)						24
Income (loss) before income taxes						(598)						(450)						(366)						(601)						(610)
Provision (benefit) for income taxes						(237)						(156)						(141)						(202)						(233)
Segment net income (loss)						$	(361)					$	(294)					$	(225)					$	(399)					$	(377)
Total Truist Financial Corporation
Net interest income (expense)						$	3,629					$	3,587					$	3,507					$	3,590					$	3,602
Net intersegment interest income (expense)						—						—						—						—						—
Segment net interest income (expense)						3,629						3,587						3,507						3,590						3,602
Allocated provision for credit losses						436						488						458						471						448
Noninterest income						1,558						1,400						1,392						1,470						1,483
Personnel expense						1,726						1,653						1,587						1,587						1,628
Amortization of intangibles						72						73						75						84						84
Restructuring charges						27						28						38						11						25
Other direct noninterest expense						1,189						1,232						1,206						1,353						1,190
Direct Noninterest Expense						3,014						2,986						2,906						3,035						2,927
Expense Allocations						—						—						—						—						—
Total noninterest expense						3,014						2,986						2,906						3,035						2,927
Income before income taxes						1,737						1,513						1,535						1,554						1,710
Provision for income taxes						285						273						274						265						271
Net Income from continuing operations						$	1,452					$	1,240					$	1,261					$	1,289					$	1,439

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

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Capital Information - Five Quarter Trend

						As of/For the Quarter Ended
						Sept. 30						June 30						March 31						Dec. 31						Sept. 30
(Dollars in millions, except per share data, shares in thousands)						2025						2025						2025						2024						2024
Selected Capital Information						(preliminary)
Risk-based capital:
Common equity tier 1						$	48,031					$	47,678					$	47,767					$	48,225					$	48,076
Tier 1						53,935						53,582						53,671						54,128						54,746
Total						62,377						62,119						62,349						62,583						63,349
Risk-weighted assets						438,467						434,609						424,059						418,337						414,828
Average quarterly assets for leverage ratio						529,861						525,567						519,981						515,830						508,280
Average quarterly assets for supplementary leverage ratio						635,190						626,855						619,992						612,764						600,000
Risk-based capital ratios:
Common equity tier 1						11.0		%				11.0		%				11.3		%				11.5		%				11.6		%
Tier 1						12.3						12.3						12.7						12.9						13.2
Total						14.2						14.3						14.7						15.0						15.3
Leverage capital ratio						10.2						10.2						10.3						10.5						10.8
Supplementary leverage						8.5						8.5						8.7						8.8						9.1
Common equity per common share						$	46.70					$	45.70					$	44.85					$	43.90					$	44.46
						Sept. 30						June 30						March 31						Dec. 31						Sept. 30
(Dollars in millions, except per share data, shares in thousands)						2025						2025						2025						2024						2024
Calculations of Tangible Common Equity and Related Measures:(1)
Total shareholders’ equity						$	65,646					$	64,840					$	64,635					$	63,679					$	65,696
Less:
Preferred stock						5,907						5,907						5,907						5,907						6,673
Intangible assets, net of deferred taxes (including discontinued operations)						18,076						18,143						18,203						18,274						18,350
Tangible common equity						$	41,663					$	40,790					$	40,525					$	39,498					$	40,673
Outstanding shares at end of period (in thousands)						1,279,246						1,289,435						1,309,539						1,315,936						1,327,521
Tangible common equity per common share						$	32.57					$	31.63					$	30.95					$	30.01					$	30.64
Total assets						$	543,851					$	543,833					$	535,899					$	531,176					$	523,434
Less: Intangible assets, net of deferred taxes (including discontinued operations prior to the sale of TIH)						18,076						18,143						18,203						18,274						18,350
Tangible assets						$	525,775					$	525,690					$	517,696					$	512,902					$	505,084
Equity as a percentage of total assets						12.1		%				11.9		%				12.1		%				12.0		%				12.6		%
Tangible common equity as a percentage of tangible assets						7.9						7.8						7.8						7.7						8.1

(1)Tangible common 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. These measures are not necessarily comparable to similar measures that may be presented by other companies.

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Selected Mortgage Banking Information & Additional Information

						As of/For the Quarter Ended
						Sept. 30						June 30						March 31						Dec. 31						Sept. 30
(Dollars in millions, except per share data)						2025						2025						2025						2024						2024
Mortgage Banking Income
Residential mortgage income:
Residential mortgage production revenue						$	22					$	25					$	19					$	25					$	25
Residential mortgage servicing income:
Residential mortgage servicing income before MSR valuation						74						72						87						83						80
Net MSRs valuation						9						1						(4)						(5)						(7)
Total residential mortgage servicing income						83						73						83						78						73
Total residential mortgage income						105						98						102						103						98
Commercial mortgage income:
Commercial mortgage production revenue						10						6						2						12						6
Commercial mortgage servicing income:
Commercial mortgage servicing income before MSR valuation						4						3						4						4						3
Net MSRs valuation						(1)						—						—						(2)						(1)
Total commercial mortgage servicing income						3						3						4						2						2
Total commercial mortgage income						13						9						6						14						8
Total mortgage banking income						$	118					$	107					$	108					$	117					$	106
Other Mortgage Banking Information
Residential mortgage loan originations						$	4,743					$	5,855					$	3,626					$	4,745					$	3,726
Residential mortgage servicing portfolio:(1)
Loans serviced for others						221,274						213,002						216,148						218,475						221,143
Bank-owned loans serviced						58,396						57,748						55,120						54,937						54,281
Total servicing portfolio						279,670						270,750						271,268						273,412						275,424
Weighted-average coupon rate on mortgage loans serviced for others						3.75		%				3.70		%				3.68		%				3.65		%				3.62		%
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)						$	28,423					$	30,008					$	27,585					$	28,085					$	27,671
NQDCP income (expense):(3)
Interest income						$	1					$	—					$	—					$	4					$	1
Other income						17						21						(6)						(2)						12
Personnel expense						(18)						(21)						6						(2)						(13)
Total NQDCP income (expense)						$	—					$	—					$	—					$	—					$	—
Common stock prices:
High						$	47.46					$	43.25					$	48.53					$	49.06					$	45.31
Low						41.98						33.56						39.41						41.08						37.85
End of period						45.72						42.99						41.15						43.38						42.77
Banking offices						1,927						1,927						1,928						1,928						1,930
ATMs						2,837						2,847						2,861						2,901						2,928
FTEs(4)						38,534						37,996						37,529						37,661						37,867

(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)FTEs represents an average for the quarter.

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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
Third Quarter 2025
Restructuring charges			$	(27)					$	(21)					$	(0.02)
Second Quarter 2025
Restructuring charges			$	(28)					$	(21)					$	(0.02)
Loss on sale of securities (securities gains (losses))			(18)						(13)						(0.01)
First Quarter 2025
Restructuring charges			$	(38)					$	(29)					$	(0.02)
Fourth Quarter 2024
Restructuring charges			$	(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			(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 ($33 million in restructuring charges and $63 million in net income from discontinued operations)			(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 ($51 million in restructuring charges and $19 million in net income from discontinued operations)			(70)						(53)						(0.04)

(1)Includes certain selected items from the consolidated statements of income. A reconciliation of non-GAAP measures is included in the appendix to Truist’s Third Quarter 2025 Earnings Presentation.

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

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