Quarterly Performance Summary

Truist Financial Corporation

Second Quarter 2026

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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						8
Capital Information						9
Selected Mortgage Banking Information & Additional Information						10
Non-GAAP Reconciliations						11

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Financial Highlights

			Quarter Ended																														Year-to-Date
(Dollars in millions, except per share data, shares in thousands)			June 30						March 31						Dec. 31						Sept. 30						June 30						June 30						June 30
			2026						2026						2025						2025						2025						2026						2025
Summary Income Statement
Interest income			$	5,967					$	5,855					$	6,114					$	6,286					$	6,154					$	11,822					$	12,142
Plus: TE adjustment			46						45						49						51						48						91						96
Interest income - TE(1)			6,013						5,900						6,163						6,337						6,202						11,913						12,238
Interest expense			2,346						2,256						2,414						2,657						2,567						4,602						5,048
Net interest income			3,621						3,599						3,700						3,629						3,587						7,220						7,094
Net interest income - TE(1)			3,667						3,644						3,749						3,680						3,635						7,311						7,190
Provision for credit losses			395						479						512						436						488						874						946
Net interest income after provision for credit losses			3,226						3,120						3,188						3,193						3,099						6,346						6,148
Noninterest income			1,644						1,553						1,546						1,558						1,400						3,197						2,792
Noninterest expense			3,055						2,983						3,170						3,014						2,986						6,038						5,892
Income before income taxes			1,815						1,690						1,564						1,737						1,513						3,505						3,048
Provision for income taxes			262						209						210						285						273						471						547
Net income			1,553						1,481						1,354						1,452						1,240						3,034						2,501
Preferred stock dividends and other			34						104						65						104						60						138						164
Net Income available to common shareholders			1,519						1,377						1,289						1,348						1,180						2,896						2,337
Additional Income Statement Information
Revenue			5,265						5,152						5,246						5,187						4,987						10,417						9,886
Revenue - TE(1)			5,311						5,197						5,295						5,238						5,035						10,508						9,982
PPNR(1)			2,256						2,214						2,125						2,224						2,049						4,470						4,090
Key Metrics
Earnings:
Earnings per share-basic			1.24						1.10						1.02						1.05						0.91						2.34						1.80
Earnings per share-diluted			1.23						1.09						1.00						1.04						0.90						2.31						1.78
Cash dividends declared per share			0.52						0.52						0.52						0.52						0.52						1.04						1.04
BVPS			48.04						47.60						47.74						46.70						45.70
TBVPS(1)			33.40						33.19						33.48						32.57						31.63
End of period shares outstanding			1,221,626						1,245,879						1,262,470						1,279,246						1,289,435
Weighted average shares outstanding-basic			1,224,867						1,248,628						1,267,341						1,280,571						1,292,292						1,236,682						1,299,833
Weighted average shares outstanding-diluted			1,239,040						1,266,572						1,285,078						1,296,666						1,305,005						1,252,766						1,314,779
ROA			1.13		%				1.10		%				0.99		%				1.06		%				0.93		%				1.12		%				0.94		%
ROCE			10.4						9.3						8.5						9.0						8.1						9.9						8.1
ROTCE(1)			15.4						13.8						12.7						13.6						12.3						14.6						12.3
NIM - TE(1)			2.98						3.02						3.07						3.01						3.02						3.00						3.02
Efficiency ratio			58.0						57.9						60.4						58.1						59.9						58.0						59.6
Credit Quality
Nonperforming loans and leases as a percentage of loans and leases HFI			0.51		%				0.50		%				0.48		%				0.48		%				0.39		%
NCO as a percentage of average loans and leases HFI			0.50						0.61						0.57						0.48						0.51						0.56		%				0.55		%
ALLL as a percentage of loans and leases HFI			1.51						1.53						1.53						1.54						1.54
Ratio of ALLL to nonperforming loans and leases HFI			2.9x						3.1x						3.2x						3.2x						3.9x
Average Balances
Assets			$	550,465					$	544,121					$	542,233					$	541,825					$	537,069					$	547,311					$	534,365
Securities(2)			118,138						116,118						117,707						119,180						121,829						117,134						122,939
Loans and leases			331,749						328,972						326,737						322,070						313,841						330,368						310,702
Deposits			404,869						398,924						396,010						396,600						400,483						401,913						396,366
Common shareholders’ equity			58,616						59,879						59,991						59,141						58,327						59,244						58,227
Total shareholders’ equity			63,788						64,794						65,338						65,049						64,235						64,289						64,135
Period-End Balances
Assets			$	556,023					$	548,975					$	547,538					$	543,851					$	543,833
Securities(2)			114,002						111,866						112,228						113,544						115,363
Loans and leases			332,273						331,412						330,478						325,663						319,999
Deposits			409,379						404,081						400,398						394,907						406,122
Common shareholders’ equity			58,684						59,298						60,273						59,739						58,933
Total shareholders’ equity			64,095						64,214						65,189						65,646						64,840
Capital and Liquidity Ratios			(preliminary)
Common equity tier 1			10.9		%				10.8		%				10.8		%				11.0		%				11.0		%
Tier 1			12.2						11.9						11.9						12.3						12.3
Total			14.0						13.7						13.8						14.2						14.3
Leverage			9.8						9.9						10.0						10.2						10.2
Supplementary leverage			8.2						8.3						8.3						8.5						8.5
Liquidity coverage ratio			113						110						111						110						110

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.

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Consolidated Statements of Income

			Quarter Ended																														Year-to-Date
			June 30						March 31						Dec. 31						Sept. 30						June 30						June 30						June 30
(Dollars in millions, except per share data, shares in thousands)			2026						2026						2025						2025						2025						2026						2025
Interest Income
Interest and fees on loans and leases			$	4,659					$	4,599					$	4,778					$	4,816					$	4,657					$	9,258					$	9,150
Interest on securities			871						849						896						941						961						1,720						1,936
Interest on other earning assets			437						407						440						529						536						844						1,056
Total interest income			5,967						5,855						6,114						6,286						6,154						11,822						12,142
Interest Expense
Interest on deposits			1,575						1,525						1,633						1,835						1,844						3,100						3,580
Interest on long-term debt			485						445						481						523						431						930						840
Interest on other borrowings			286						286						300						299						292						572						628
Total interest expense			2,346						2,256						2,414						2,657						2,567						4,602						5,048
Net Interest Income			3,621						3,599						3,700						3,629						3,587						7,220						7,094
Provision for credit losses			395						479						512						436						488						874						946
Net Interest Income After Provision for Credit Losses			3,226						3,120						3,188						3,193						3,099						6,346						6,148
Noninterest Income
Wealth management income			375						370						365						374						348						745						692
Card and treasury management fees			353						338						336						340						351						691						684
Investment banking and trading income			352						372						335						323						205						724						478
Other deposit revenue			120						120						121						125						108						240						225
Mortgage banking income			116						133						119						118						107						249						215
Lending related fees			120						118						98						103						99						238						194
Securities gains (losses)			—						—						—						—						(18)						—						(19)
Other income			208						102						172						175						200						310						323
Total noninterest income			1,644						1,553						1,546						1,558						1,400						3,197						2,792
Noninterest Expense
Personnel expense			1,792						1,727						1,818						1,748						1,678						3,519						3,282
Professional fees and outside processing			335						313						337						346						373						648						737
Software expense			239						230						242						233						231						469						461
Net occupancy expense			171						179						176						185						181						350						349
Equipment expense			79						85						90						90						89						164						171
Marketing and customer development			91						79						63						79						82						170						157
Amortization of intangibles			63						64						70						72						73						127						148
Regulatory costs			61						68						7						32						55						129						124
Other expense			224						238						367						229						224						462						463
Total noninterest expense			3,055						2,983						3,170						3,014						2,986						6,038						5,892
Earnings
Income before income taxes			1,815						1,690						1,564						1,737						1,513						3,505						3,048
Provision for income taxes			262						209						210						285						273						471						547
Net income			1,553						1,481						1,354						1,452						1,240						3,034						2,501
Preferred stock dividends and other			34						104						65						104						60						138						164
Net income available to common shareholders			$	1,519					$	1,377					$	1,289					$	1,348					$	1,180					$	2,896					$	2,337
Earnings Per Common Share
Earnings per share-basic			1.24						1.10						1.02						1.05						0.91						2.34						1.80
Earnings per share-diluted			1.23						1.09						1.00						1.04						0.90						2.31						1.78
Weighted Average Shares Outstanding
Basic			1,224,867						1,248,628						1,267,341						1,280,571						1,292,292						1,236,682						1,299,833
Diluted			1,239,040						1,266,572						1,285,078						1,296,666						1,305,005						1,252,766						1,314,779

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Consolidated Ending Balance Sheets - Five Quarter Trend

			June 30						March 31						Dec. 31						Sept. 30						June 30
(Dollars in millions)			2026						2026						2025						2025						2025
Assets
Cash and due from banks			$	4,707					$	4,294					$	4,967					$	4,329					$	5,157
Interest-bearing deposits with banks			34,581						31,903						31,410						32,523						36,294
Securities borrowed or purchased under agreements to resell			4,431						4,047						3,200						2,981						2,656
Trading assets at fair value			5,288						5,235						5,790						5,731						5,963
AFS securities at fair value			67,651						65,430						65,042						65,522						66,390
HTM securities at amortized cost			46,351						46,436						47,186						48,022						48,973
Loans and leases:
Commercial:
Commercial and industrial			168,826						169,247						167,808						163,607						162,273
CRE			25,479						24,447						23,720						22,414						20,270
Commercial construction			7,372						7,620						7,783						8,027						8,277
Consumer:
Residential mortgage			56,632						56,297						56,807						57,623						57,828
Home equity			9,677						9,633						9,719						9,618						9,591
Indirect auto			23,840						25,054						25,659						25,490						24,558
Other consumer			33,164						32,097						32,181						32,070						31,122
Credit card			4,806						4,843						4,918						4,889						4,877
Total loans and leases held for investment			329,796						329,238						328,595						323,738						318,796
Loans held for sale			2,477						2,174						1,883						1,925						1,203
Total loans and leases			332,273						331,412						330,478						325,663						319,999
Allowance for loan and lease losses			(4,983)						(5,026)						(5,030)						(4,988)						(4,899)
Premises and equipment			3,177						3,145						3,172						3,176						3,197
Goodwill			17,125						17,125						17,125						17,125						17,125
Core deposit and other intangible assets			1,130						1,192						1,256						1,328						1,399
Loan servicing rights at fair value			4,293						4,112						3,972						3,776						3,612
Other assets			39,999						39,670						38,970						38,663						37,967
Total assets			$	556,023					$	548,975					$	547,538					$	543,851					$	543,833
Liabilities
Deposits:
Noninterest-bearing deposits			$	104,341					$	105,460					$	105,092					$	106,197					$	106,442
Interest checking			130,421						123,257						117,830						109,827						118,122
Money market and savings			133,688						135,702						139,044						135,931						133,891
Time deposits			40,929						39,662						38,432						42,952						47,667
Total deposits			409,379						404,081						400,398						394,907						406,122
Short-term borrowings			26,885						27,441						27,839						29,376						16,631
Long-term debt			42,976						41,622						41,963						41,729						44,427
Other liabilities			12,688						11,617						12,149						12,193						11,813
Total liabilities			491,928						484,761						482,349						478,205						478,993
Shareholders’ Equity:
Preferred stock			5,411						4,916						4,916						5,907						5,907
Common stock			6,108						6,229						6,312						6,396						6,447
Additional paid-in capital			31,616						32,610						33,663						34,278						34,620
Retained earnings			27,676						26,796						26,067						25,438						24,759
Accumulated other comprehensive loss			(6,716)						(6,337)						(5,769)						(6,373)						(6,893)
Total shareholders’ equity			64,095						64,214						65,189						65,646						64,840
Total liabilities and shareholders’ equity			$	556,023					$	548,975					$	547,538					$	543,851					$	543,833

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Average Balances and Rates - Quarters

			Quarter Ended
			June 30, 2026												March 31, 2026												December 31, 2025												September 30, 2025												June 30, 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			$	13,454		$	145		4.32		%				$	13,138		$	145		4.48		%				$	13,275		$	162		4.82		%				$	13,351		$	174		5.18		%				$	14,034		$	181		5.20		%
GSE			464			4			3.84						474			5			3.98						478			4			3.80						458			4			3.86						463			5			3.73
Agency MBS			103,367			717			2.78						102,089			696			2.73						103,591			727			2.81						104,998			760			2.89						106,947			772			2.89
States and political subdivisions			347			4			4.27						347			3			4.30						349			4			4.27						358			3			4.19						370			4			4.20
Other			506			3			2.12						70			—			1.65						14			—			4.42						15			1			4.50						15			—			4.53
Total securities			118,138			873			2.96						116,118			849			2.93						117,707			897			3.04						119,180			942			3.16						121,829			962			3.16
Loans and leases:
Commercial:
Commercial and industrial			168,817			2,211			5.25						166,636			2,179			5.30						163,990			2,267			5.49						162,207			2,312			5.66						158,491			2,262			5.72
CRE			24,938			349			5.56						24,165			339			5.64						23,205			354			5.99						21,171			336			6.25						19,687			308			6.22
Commercial construction			7,455			112			6.18						7,845			117			6.21						8,015			129			6.52						8,258			139			6.84						8,613			144			6.85
Consumer:
Residential mortgage			56,342			585			4.15						56,458			582			4.13						57,100			589			4.13						57,676			598			4.15						56,789			579			4.08
Home equity			9,656			169			7.02						9,666			167			6.99						9,679			176			7.24						9,588			182			7.51						9,586			178			7.47
Indirect auto			24,430			429			7.06						25,342			443			7.08						25,639			469			7.27						24,964			459			7.29						24,158			441			7.32
Other consumer			32,661			679			8.33						32,053			662			8.38						32,181			677			8.35						31,714			668			8.36						30,387			634			8.37
Credit card			4,863			133			10.93						4,857			129			10.79						4,956			136			10.89						4,915			146			11.74						4,890			139			11.35
Total loans and leases held for investment			329,162			4,667			5.68						327,022			4,618			5.71						324,765			4,797			5.87						320,493			4,840			6.00						312,601			4,685			6.01
Loans held for sale			2,587			35			5.54						1,950			26			5.24						1,972			28			5.64						1,577			24			6.18						1,240			19			6.15
Total loans and leases			331,749			4,702			5.68						328,972			4,644			5.71						326,737			4,825			5.87						322,070			4,864			6.00						313,841			4,704			6.01
Interest earning trading assets			5,618			75			5.32						5,807			74			5.09						6,015			82			5.38						5,991			86			5.70						5,896			88			5.98
Other earning assets(3)			36,956			363			3.89						35,457			333			3.77						34,138			359			4.13						38,765			445			4.50						39,417			448			4.51
Total earning assets			492,461			6,013			4.89						486,354			5,900			4.90						484,597			6,163			5.05						486,006			6,337			5.18						480,983			6,202			5.16
Nonearning assets			58,004												57,767												57,636												55,819												56,086
Total assets			$	550,465											$	544,121											$	542,233											$	541,825											$	537,069
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking			$	123,556		652			2.12						$	120,110		619			2.09						$	112,313		618			2.18						$	109,244		677			2.46						$	116,193		726			2.51
Money market and savings			136,423			608			1.79						136,106			609			1.81						138,114			677			1.95						136,515			755			2.19						135,607			751			2.22
Time deposits			41,270			315			3.06						39,337			297			3.06						40,031			338			3.35						45,090			403			3.54						41,997			367			3.50
Total interest-bearing deposits			301,249			1,575			2.10						295,553			1,525			2.09						290,458			1,633			2.23						290,849			1,835			2.50						293,797			1,844			2.52
Short-term borrowings			28,893			286			3.97						30,669			286			3.78						29,128			300			4.08						26,796			299			4.42						26,241			292			4.47
Long-term debt			40,640			485			4.77						37,141			445			4.80						39,138			481			4.91						41,458			523			5.04						34,213			431			5.02
Total interest-bearing liabilities			370,782			2,346			2.54						363,363			2,256			2.51						358,724			2,414			2.67						359,103			2,657			2.94						354,251			2,567			2.91
Noninterest-bearing deposits			103,620												103,371												105,552												105,751												106,686
Other liabilities			12,275												12,593												12,619												11,922												11,897
Shareholders’ equity			63,788												64,794												65,338												65,049												64,235
Total liabilities and shareholders’ equity			$	550,465											$	544,121											$	542,233											$	541,825											$	537,069
Average interest-rate spread									2.35												2.39												2.38												2.24												2.25
Net interest income / net interest margin -TE(2)						$	3,667		2.98		%							$	3,644		3.02		%							$	3,749		3.07		%							$	3,680		3.01		%							$	3,635		3.02		%
TE adjustment(2)						46												45												49												51												48
Net interest income						$	3,621											$	3,599											$	3,700											$	3,629											$	3,587
Memo: Total deposits			$	404,869		1,575			1.56		%				$	398,924		1,525			1.55		%				$	396,010		1,633			1.64		%				$	396,600		1,835			1.84		%				$	400,483		1,844			1.85		%

(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.

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Average Balances and Rates - Year-To-Date

						Year-to-Date
						June 30, 2026																		June 30, 2025
(Dollars in millions)						Average Balances(1)						Income/Expense(2)						Yields/ Rates(2)						Average Balances(1)						Income/Expense(2)						Yields/ Rates(2)
Assets
AFS and HTM securities at amortized cost:
U.S. Treasury						$	13,297					$	290					4.40		%				$	14,448					$	372					5.19		%
GSE						469						9						3.91						462						9						3.74
Agency MBS						102,732						1,413						2.75						107,643						1,549						2.88
States and political subdivisions						347						7						4.29						370						8						4.20
Other						289						3						2.06						16						—						4.63
Total securities						117,134						1,722						2.95						122,939						1,938						3.16
Loans and leases:
Commercial:
Commercial and industrial						167,732						4,390						5.27						156,861						4,446						5.71
CRE						24,554						688						5.60						19,759						610						6.17
Commercial construction						7,649						229						6.20						8,673						289						6.84
Consumer:
Residential mortgage						56,400						1,167						4.14						56,226						1,141						4.06
Home equity						9,661						336						7.00						9,578						355						7.47
Indirect auto						24,884						872						7.07						23,705						853						7.26
Other consumer						32,358						1,341						8.36						29,843						1,236						8.35
Credit card						4,860						262						10.86						4,870						277						11.47
Total loans and leases held for investment						328,098						9,285						5.70						309,515						9,207						5.99
Loans held for sale						2,270						61						5.40						1,187						36						6.04
Total loans and leases						330,368						9,346						5.70						310,702						9,243						5.99
Interest earning trading assets						5,712						149						5.20						5,763						168						5.85
Other earning assets(3)						36,210						696						3.83						39,208						889						4.52
Total earning assets						489,424						11,913						4.89						478,612						12,238						5.14
Nonearning assets						57,887																		55,753
Total assets						$	547,311																	$	534,365
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking						$	121,843					1,271						2.10						$	112,720					1,366						2.44
Money market and savings						136,265						1,217						1.80						136,249						1,494						2.21
Time deposits						40,309						612						3.06						41,104						720						3.53
Total interest-bearing deposits						298,417						3,100						2.09						290,073						3,580						2.49
Short-term borrowings						29,776						572						3.87						28,275						628						4.48
Long-term debt						38,900						930						4.79						33,320						840						5.04
Total interest-bearing liabilities						367,093						4,602						2.52						351,668						5,048						2.89
Noninterest-bearing deposits						103,496																		106,293
Other liabilities						12,433																		12,269
Shareholders’ equity						64,289																		64,135
Total liabilities and shareholders’ equity						$	547,311																	$	534,365
Average interest-rate spread																		2.37																		2.25
Net interest income / net interest margin - taxable equivalent												$	7,311					3.00		%										$	7,190					3.02		%
Taxable-equivalent adjustment												91																		96
Net interest income												$	7,220																	$	7,094
Memo: Total deposits						$	401,913					3,100						1.56		%				$	396,366					3,580						1.82		%

(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.

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Credit Quality

						June 30						March 31						Dec. 31						Sept. 30						June 30
(Dollars in millions)						2026						2026						2025						2025						2025
Nonperforming Assets
Nonaccrual loans and leases:
Commercial:
Commercial and industrial						$	657					$	738					$	839					$	800					$	520
CRE						43						21						47						98						128
Commercial construction						22						23						41						42						1
Consumer:
Residential mortgage						231						231						213						196						191
Home equity						98						101						99						103						107
Indirect auto						569						455						267						247						240
Other consumer						72						73						71						66						64
Total nonaccrual loans and leases held for investment						1,692						1,642						1,577						1,552						1,251
Loans held for sale						—						79						—						19						12
Total nonaccrual loans and leases						1,692						1,721						1,577						1,571						1,263
Foreclosed real estate						5						6						3						4						4
Other foreclosed property						51						58						53						54						49
Total nonperforming assets						$	1,748					$	1,785					$	1,633					$	1,629					$	1,316
Loans 90 Days or More Past Due and Still Accruing
Commercial:
Commercial and industrial						$	2					$	4					$	3					$	3					$	2
CRE						3						—						—						—						—
Consumer:
Residential mortgage - government guaranteed						560						609						532						438						424
Residential mortgage - nonguaranteed						33						39						38						41						41
Home equity						8						7						7						6						6
Other consumer						25						26						28						27						24
Credit card						67						75						76						69						49
Total loans 90 days past due and still accruing						$	698					$	760					$	684					$	584					$	546
Loans 30-89 Days Past Due and Still Accruing
Commercial:
Commercial and industrial						$	142					$	260					$	127					$	73					$	122
CRE						95						42						25						6						34
Commercial construction						—						10						36						5						15
Consumer:
Residential mortgage - government guaranteed						311						263						329						327						330
Residential mortgage - nonguaranteed						354						293						357						344						365
Home equity						52						57						69						54						54
Indirect auto						521						508						679						620						582
Other consumer						232						240						281						241						239
Credit card						67						70						77						73						70
Total loans 30-89 days past due and still accruing						$	1,774					$	1,743					$	1,980					$	1,743					$	1,811

						As of/For the Quarter Ended
						June 30						March 31						Dec. 31						Sept. 30						June 30
						2026						2026						2025						2025						2025
Asset Quality Ratios
Nonperforming loans and leases as a percentage of loans and leases						0.51		%				0.50		%				0.48		%				0.48		%				0.39		%
Nonperforming loans and leases(1) as a percentage of total loans and leases(1)						0.51						0.52						0.48						0.48						0.39
Nonperforming assets(1) as a percentage of total assets						0.31						0.33						0.30						0.30						0.24
Nonperforming assets as a percentage of loans and leases plus foreclosed property						0.53						0.52						0.50						0.50						0.41
Loans 90 days or more past due and still accruing as a percentage of loans and leases						0.21						0.23						0.21						0.18						0.17
Loans 90 days or more past due and still accruing as a percentage of loans and leases, excluding government guaranteed loans						0.04						0.05						0.05						0.05						0.04
Loans 30-89 days past due and still accruing as a percentage of loans and leases						0.54						0.53						0.60						0.54						0.57
Allowance for loan and lease losses as a percentage of loans and leases						1.51						1.53						1.53						1.54						1.54
Ratio of allowance for loan and lease losses to:
Net charge-offs (annualized)						3.0X						2.5X						2.7X						3.3X						3.1X
Nonperforming loans and leases						2.9X						3.1X						3.2X						3.2X						3.9X
(1)Nonperforming assets and total loans and leases include loans held for sale.
																								As of/For the Year-to-Date
																								Period Ended June 30
																								2026						2025
Asset Quality Ratios
Net charge-offs as a percentage of average loans and leases																								0.56		%				0.55		%
Ratio of allowance for loan and lease losses to net charge-offs																								2.7X						2.9X
Applicable ratios are annualized.

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						As of/For the Quarter Ended																														As of/For the Year-to-Date
						June 30						March 31						Dec. 31						Sept. 30						June 30						Period Ended June 30
(Dollars in millions)						2026						2026						2025						2025						2025						2026						2025
Allowance for Credit Losses
Beginning balance						$	5,335					$	5,347					$	5,305					$	5,253					$	5,166					$	5,347					$	5,161
Provision for credit losses						395						479						512						436						488						874						946
Charge-offs:
Commercial:
Commercial and industrial						(137)						(142)						(141)						(98)						(120)						(279)						(222)
CRE						(1)						(7)						(14)						(25)						(38)						(8)						(108)
Commercial construction						(1)						(17)						—						—						—						(18)						—
Consumer:
Residential mortgage						(1)						(1)						(3)						(1)						(1)						(2)						(2)
Home equity						(3)						(3)						(2)						(2)						(4)						(6)						(6)
Indirect auto						(135)						(158)						(160)						(150)						(127)						(293)						(281)
Other consumer						(168)						(184)						(178)						(155)						(146)						(352)						(300)
Credit card						(70)						(71)						(67)						(49)						(70)						(141)						(144)
Total charge-offs						(516)						(583)						(565)						(480)						(506)						(1,099)						(1,063)
Recoveries:
Commercial:
Commercial and industrial						22						16						23						20						31						38						55
CRE						1						3						6						2						3						4						10
Commercial construction						1						1						1						—						1						2						1
Consumer:
Residential mortgage						1						2						1						2						—						3						2
Home equity						3						3						3						5						4						6						8
Indirect auto						29						25						24						25						28						54						53
Other consumer						35						33						28						31						31						68						61
Credit card						10						9						9						10						12						19						23
Total recoveries						102						92						95						95						110						194						213
Net charge-offs						(414)						(491)						(470)						(385)						(396)						(905)						(850)
Other						—						—						—						1						(5)						—						(4)
Ending balance						$	5,316					$	5,335					$	5,347					$	5,305					$	5,253					$	5,316					$	5,253
Allowance for Credit Losses:
Allowance for loan and lease losses						$	4,983					$	5,026					$	5,030					$	4,988					$	4,899
Reserve for unfunded lending commitments						333						309						317						317						354
Allowance for credit losses						$	5,316					$	5,335					$	5,347					$	5,305					$	5,253

						Quarter Ended																														As of/For the Year-to-Date
						June 30						March 31						Dec. 31						Sept. 30						June 30						Period Ended June 30
						2026						2026						2025						2025						2025						2026						2025
Net Charge-offs as a Percentage of Average Loans and Leases:
Commercial:
Commercial and industrial						0.27		%				0.31		%				0.29		%				0.19		%				0.22		%				0.29		%				0.21		%
CRE						—						0.06						0.14						0.44						0.71						0.03						1.00
Commercial construction						(0.01)						0.84						(0.04)						(0.03)						(0.02)						0.42						(0.02)
Consumer:
Residential mortgage						—						(0.01)						0.01						—						—						—						—
Home equity						0.02						(0.02)						(0.04)						(0.11)						(0.04)						—						(0.05)
Indirect auto						1.73						2.14						2.10						1.99						1.63						1.94						1.94
Other consumer						1.63						1.91						1.84						1.55						1.54						1.77						1.62
Credit card						4.97						5.15						4.64						3.13						4.84						5.06						5.02
Total loans and leases						0.50						0.61						0.57						0.48						0.51						0.56						0.55
Ratios are annualized.

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Segment Financial Performance - Preliminary

						Quarter Ended
						June 30						March 31						Dec. 31						Sept. 30						June 30
(Dollars in millions)						2026						2026						2025						2025						2025
Consumer and Small Business Banking
Net interest income (expense)						$	1,624					$	1,605					$	1,622					$	1,570					$	1,496
Net intersegment interest income (expense)						980						889						863						851						828
Segment net interest income (expense)						2,604						2,494						2,485						2,421						2,324
Allocated provision for credit losses						307						374						431						400						384
Noninterest income						530						528						521						530						519
Personnel expense						443						433						443						449						434
Amortization of intangibles						33						34						37						38						39
Other direct noninterest expense						312						293						288						281						286
Direct noninterest expense						788						760						768						768						759
Expense allocations						933						920						934						936						940
Total noninterest expense						1,721						1,680						1,702						1,704						1,699
Income (loss) before income taxes						1,106						968						873						847						760
Provision (benefit) for income taxes						271						238						212						207						186
Segment net income (loss)						$	835					$	730					$	661					$	640					$	574
Wholesale Banking
Net interest income (expense)						$	1,942					$	1,922					$	2,018					$	2,030					$	1,872
Net intersegment interest income (expense)						(411)						(414)						(402)						(452)						(306)
Segment net interest income (expense)						1,531						1,508						1,616						1,578						1,566
Allocated provision for credit losses						90						105						82						36						104
Noninterest income						1,158						1,069						1,134						1,142						941
Personnel expense						626						612						668						598						574
Amortization of intangibles						30						30						33						34						34
Other direct noninterest expense						200						187						188						199						202
Direct noninterest expense						856						829						889						831						810
Expense allocations						528						520						465						485						519
Total noninterest expense						1,384						1,349						1,354						1,316						1,329
Income (loss) before income taxes						1,215						1,123						1,314						1,368						1,074
Provision (benefit) for income taxes						255						232						272						284						213
Segment net income (loss)						$	960					$	891					$	1,042					$	1,084					$	861
Other, Treasury & Corporate(1)
Net interest income (expense)						$	55					$	72					$	60					$	29					$	219
Net intersegment interest income (expense)						(569)						(475)						(461)						(399)						(522)
Segment net interest income (expense)						(514)						(403)						(401)						(370)						(303)
Allocated provision for credit losses						(2)						—						(1)						—						—
Noninterest income						(44)						(44)						(109)						(114)						(60)
Personnel expense						723						682						707						701						670
Amortization of intangibles						—						—						—						—						—
Other direct noninterest expense						688						712						806						714						747
Direct Noninterest Expense						1,411						1,394						1,513						1,415						1,417
Expense Allocations						(1,461)						(1,440)						(1,399)						(1,421)						(1,459)
Total noninterest expense						(50)						(46)						114						(6)						(42)
Income (loss) before income taxes						(506)						(401)						(623)						(478)						(321)
Provision (benefit) for income taxes						(264)						(261)						(274)						(206)						(126)
Segment net income (loss)						$	(242)					$	(140)					$	(349)					$	(272)					$	(195)
Total Truist Financial Corporation
Net interest income (expense)						$	3,621					$	3,599					$	3,700					$	3,629					$	3,587
Net intersegment interest income (expense)						—						—						—						—						—
Segment net interest income (expense)						3,621						3,599						3,700						3,629						3,587
Allocated provision for credit losses						395						479						512						436						488
Noninterest income						1,644						1,553						1,546						1,558						1,400
Personnel expense						1,792						1,727						1,818						1,748						1,678
Amortization of intangibles						63						64						70						72						73
Other direct noninterest expense						1,200						1,192						1,282						1,194						1,235
Direct Noninterest Expense						3,055						2,983						3,170						3,014						2,986
Expense Allocations						—						—						—						—						—
Total noninterest expense						3,055						2,983						3,170						3,014						2,986
Income before income taxes						1,815						1,690						1,564						1,737						1,513
Provision for income taxes						262						209						210						285						273
Net income						$	1,553					$	1,481					$	1,354					$	1,452					$	1,240

(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
						June 30						March 31						Dec. 31						Sept. 30						June 30
(Dollars in millions, except per share data, shares in thousands)						2026						2026						2025						2025						2025
Selected Capital Information						(preliminary)
Risk-based capital:
Common equity tier 1						$	47,488					$	47,683					$	48,027					$	48,031					$	47,678
Tier 1						52,896						52,596						52,940						53,935						53,582
Total						60,707						60,470						61,255						62,377						62,119
Risk-weighted assets						434,799						440,333						443,257						438,114						434,609
Average quarterly assets for leverage ratio						537,658						530,908						529,156						529,861						525,567
Average quarterly assets for supplementary leverage ratio						645,213						636,907						635,249						635,076						626,855
Risk-based capital ratios:
Common equity tier 1						10.9		%				10.8		%				10.8		%				11.0		%				11.0		%
Tier 1						12.2						11.9						11.9						12.3						12.3
Total						14.0						13.7						13.8						14.2						14.3
Leverage capital ratio						9.8						9.9						10.0						10.2						10.2
Supplementary leverage						8.2						8.3						8.3						8.5						8.5
Common equity per common share						$	48.04					$	47.60					$	47.74					$	46.70					$	45.70

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Selected Mortgage Banking Information & Additional Information

						As of/For the Quarter Ended
						June 30						March 31						Dec. 31						Sept. 30						June 30
(Dollars in millions, except per share data)						2026						2026						2025						2025						2025
Mortgage Banking Income
Residential mortgage income:
Residential mortgage production revenue						$	24					$	27					$	26					$	22					$	25
Residential mortgage servicing income:
Residential mortgage servicing income before MSR valuation						70						82						77						74						72
Net MSRs valuation						5						9						1						9						1
Total residential mortgage servicing income						75						91						78						83						73
Total residential mortgage income						99						118						104						105						98
Commercial mortgage income:
Commercial mortgage production revenue						7						12						12						10						6
Commercial mortgage servicing income:
Commercial mortgage servicing income before MSR valuation						5						3						2						4						3
Net MSRs valuation						5						—						1						(1)						—
Total commercial mortgage servicing income						10						3						3						3						3
Total commercial mortgage income						17						15						15						13						9
Total mortgage banking income						$	116					$	133					$	119					$	118					$	107
Other Mortgage Banking Information
Residential mortgage loan originations						$	6,824					$	5,137					$	4,551					$	4,743					$	5,855
Residential mortgage servicing portfolio:(1)
Loans serviced for others						240,764						233,870						228,383						221,274						213,002
Bank-owned loans serviced						57,894						57,386						57,583						58,396						57,748
Total servicing portfolio						298,658						291,256						285,966						279,670						270,750
Weighted-average coupon rate on mortgage loans serviced for others						3.79		%				3.77		%				3.77		%				3.75		%				3.70		%
Weighted-average servicing fee on mortgage loans serviced for others						0.29						0.29						0.28						0.28						0.28
Additional Information
Brokered deposits(2)						$	26,812					$	28,488					$	29,835					$	28,423					$	30,008
NQDCP income (expense):(3)
Interest income						$	—					$	(6)					$	4					$	1					$	—
Other income						31						(7)						(1)						17						21
Personnel expense						(31)						13						(3)						(18)						(21)
Total NQDCP income (expense)						$	—					$	—					$	—					$	—					$	—
Common stock prices:
High						$	52.11					$	56.20					$	50.86					$	47.46					$	43.25
Low						45.83						43.13						40.78						41.98						33.56
End of period						49.82						45.97						49.21						45.72						42.99
Banking offices						1,927						1,927						1,927						1,927						1,927
ATMs						2,820						2,826						2,829						2,837						2,847
Full-time equivalent teammates(4)						37,849						37,877						38,062						38,534						37,996

(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.

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Non-GAAP Reconciliations

Pre-Provision Net Revenue

						Quarter Ended																														Year-to-Date
						June 30						March 31						Dec. 31						Sept. 30						June 30						June 30						June 30
(Dollars in millions)						2026						2026						2025						2025						2025						2026						2025
Net income						$	1,553					$	1,481					$	1,354					$	1,452					$	1,240					$	3,034					$	2,501
Provision for credit losses						395						479						512						436						488						874						946
Provision for income taxes						262						209						210						285						273						471						547
Taxable-equivalent adjustment						46						45						49						51						48						91						96
Pre-provision net revenue(1)						$	2,256					$	2,214					$	2,125					$	2,224					$	2,049					$	4,470					$	4,090

(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 believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.

Return on Average Tangible Common Shareholders’ Equity

						Quarter Ended																														Year-to-Date
						June 30						March 31						Dec. 31						Sept. 30						June 30						June 30						June 30
(Dollars in millions)						2026						2026						2025						2025						2025						2026						2025
Net income available to common shareholders						$	1,519					$	1,377					$	1,289					$	1,348					$	1,180					$	2,896					$	2,337
Amortization of intangibles						63						64						70						72						73						127						148
Applicable income taxes related to the amortization of intangibles(2)						(15)						(15)						(16)						(18)						(17)						(30)						(35)
Tangible net income available to common shareholders(1)						$	1,567					$	1,426					$	1,343					$	1,402					$	1,236					$	2,993					$	2,450
Average common shareholders’ equity						$	58,616					$	59,879					$	59,991					$	59,141					$	58,327					$	59,244					$	58,227
Average intangible assets						(18,321)						(18,386)						(18,456)						(18,528)						(18,590)						(18,353)						(18,630)
Applicable deferred taxes related to intangible assets(2)						401						404						409						415						417						402						420
Average tangible common shareholders’ equity(1)						$	40,696					$	41,897					$	41,944					$	41,028					$	40,154					$	41,293					$	40,017
Return on average common shareholders’ equity						10.4		%				9.3		%				8.5		%				9.0		%				8.1		%				9.9		%				8.1		%
Return on average tangible common shareholders’ equity(1)						15.4						13.8						12.7						13.6						12.3						14.6						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

						June 30						March 31						Dec. 31						Sept. 30						June 30
(Dollars in millions, except per share data, shares in thousands)						2026						2026						2025						2025						2025
Calculations of Tangible Common Equity and Related Measures:(1)
Total shareholders’ equity						$	64,095					$	64,214					$	65,189					$	65,646					$	64,840
Preferred stock						(5,411)						(4,916)						(4,916)						(5,907)						(5,907)
Common shareholders’ equity						58,684						59,298						60,273						59,739						58,933
Intangible assets						(18,287)						(18,350)						(18,416)						(18,489)						(18,561)
Applicable deferred taxes related to intangible assets(2)						400						403						407						413						418
Tangible common equity						$	40,797					$	41,351					$	42,264					$	41,663					$	40,790
Outstanding shares at end of period						1,221,626						1,245,879						1,262,470						1,279,246						1,289,435
Common equity per common share						$	48.04					$	47.60					$	47.74					$	46.70					$	45.70
Tangible common equity per common share						33.40						33.19						33.48						32.57						31.63

(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.

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