Document

Quarterly Performance Summary

Truist Financial Corporation

Third Quarter 2026


Table of Contents
Quarterly Performance Summary
Truist Financial Corporation




						Page
Financial Highlights						1

Consolidated Statements of Income						2

Consolidated Ending Balance Sheets						3


Average Balances and Rates						4

Credit Quality						6

Segment Financial Performance						9
Capital Information						10
Selected Mortgage Banking Information & Additional Information						11

Non-GAAP Reconciliations						12

Financial Highlights


	Quarter Ended						Year-to-Date
(Dollars in millions, except per share data, shares in thousands)	Sept. 30			June 30				Sept. 30			Sept. 30			Sept. 30
	2026			2026				2025			2026			2025
Summary Income Statement
Interest income	$	6,030		$	5,967			$	6,286		$	17,852		$	18,428
Plus: TE adjustment	44			46				51			135			147
Interest income - TE(1)	6,074			6,013				6,337			17,987			18,575
Interest expense	2,367			2,346				2,657			6,969			7,705
Net interest income	3,663			3,621				3,629			10,883			10,723
Net interest income - TE(1)	3,707			3,667				3,680			11,018			10,870
Provision (benefit) for credit losses	(253)			395				436			621			1,382
Net interest income after provision for credit losses	3,916			3,226				3,193			10,262			9,341
Noninterest income	84			1,644				1,558			3,281			4,350
Noninterest expense	3,105			3,055				3,014			9,143			8,906
Income before income taxes	895			1,815				1,737			4,400			4,785
Provision for income taxes	96			262				285			567			832


Net income	799			1,553				1,452			3,833			3,953



Preferred stock dividends and other	115			34				104			253			268
Net Income available to common shareholders	684			1,519				1,348			3,580			3,685
Adjusted net income available to common shareholders(1)	1,423			1,519				1,348			4,319			3,699
Additional Income Statement Information
Revenue	3,747			5,265				5,187			14,164			15,073
Revenue - TE(1)	3,791			5,311				5,238			14,299			15,220
Adjusted revenue - TE(1)	5,304			5,311				5,238			15,812			15,239
PPNR(1)	686			2,256				2,224			5,156			6,314
Adjusted PPNR(1)	2,239			2,256				2,224			6,709			6,333
Key Metrics
Earnings:


Basic EPS	0.57			1.24				1.05			2.92			2.85


Diluted EPS	0.56			1.23				1.04			2.88			2.82
Adjusted EPS-diluted(1)	1.16			1.23				1.04			3.47			2.83
Cash dividends declared per share	0.52			0.52				0.52			1.56			1.56
BVPS	46.78			48.04				46.70
TBVPS(1)	31.90			33.40				32.57
End of period shares outstanding	1,198,488			1,221,626				1,279,246
Weighted average shares outstanding-basic	1,210,179			1,224,867				1,280,571			1,227,751			1,293,341
Weighted average shares outstanding-diluted	1,226,342			1,239,040				1,296,666			1,243,918			1,308,676
ROA	0.6		%	1.1		%		1.1		%	0.9		%	1.0		%
ROCE	4.7			10.4				9.0			8.1			8.4
ROTCE(1)	7.2			15.4				13.6			12.2			12.8
Adjusted ROTCE(1)	14.6			15.4				13.6			14.6			12.8
NIM - TE(1)	3.00			2.98				3.01			3.00			3.01
Efficiency ratio	82.9			58.0				58.1			64.6			59.1



Credit Quality
Nonperforming loans and leases as a percentage of loans and leases HFI	0.40		%	0.51		%		0.48		%
NCO as a percentage of average loans and leases HFI	0.77			0.50				0.48			0.63		%	0.53		%

ALLL as a percentage of loans and leases HFI	1.25			1.51				1.54
Ratio of ALLL to nonperforming loans and leases HFI	3.1x			2.9x				3.2x
Average Balances
Assets	$	549,766		$	550,465			$	541,825		$	548,138		$	536,879
Securities at amortized cost	118,433			118,138				119,180			117,572			121,672
Loans and leases	329,458			331,749				322,070			330,062			314,533
Deposits	410,699			404,869				396,600			404,874			396,445
Common shareholders’ equity	57,899			58,616				59,141			58,791			58,535
Total shareholders’ equity	63,310			63,788				65,049			63,959			64,443
Period-End Balances
Assets	$	554,196		$	556,023			$	543,851
Securities(2)	110,189			114,002				113,544
Securities at amortized cost	115,727			118,574				118,263
Loans and leases	325,488			332,273				325,663
Deposits	413,233			409,379				394,907
Common shareholders’ equity	56,061			58,684				59,739
Total shareholders’ equity	61,472			64,095				65,646
Capital and Liquidity Ratios	(preliminary)
Common equity tier 1	10.7		%	10.9		%		11.0		%
Tier 1	12.0			12.2				12.3
Total	13.6			14.0				14.2
Leverage	9.6			9.8				10.2
Supplementary leverage	8.0			8.2				8.5
Liquidity coverage ratio	110			113				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)Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.

- 1 -

Consolidated Statements of Income


	Quarter Ended										Year-to-Date
	Sept. 30		June 30		March 31		Dec. 31		Sept. 30		Sept. 30		Sept. 30
(Dollars in millions, except per share data, shares in thousands)	2026		2026		2026		2025		2025		2026		2025
Interest Income
Interest and fees on loans and leases	$	4,689	$	4,659	$	4,599	$	4,778	$	4,816	$	13,947	$	13,966
Interest on securities	897		871		849		896		941		2,617		2,877
Interest on other earning assets	444		437		407		440		529		1,288		1,585
Total interest income	6,030		5,967		5,855		6,114		6,286		17,852		18,428
Interest Expense
Interest on deposits	1,647		1,575		1,525		1,633		1,835		4,747		5,415
Interest on long-term debt	534		485		445		481		523		1,464		1,363
Interest on other borrowings	186		286		286		300		299		758		927
Total interest expense	2,367		2,346		2,256		2,414		2,657		6,969		7,705
Net Interest Income	3,663		3,621		3,599		3,700		3,629		10,883		10,723
Provision (benefit) for credit losses	(253)		395		479		512		436		621		1,382
Net Interest Income After Provision for Credit Losses	3,916		3,226		3,120		3,188		3,193		10,262		9,341
Noninterest Income

Wealth management income	407		375		370		365		374		1,152		1,066
Card and treasury management fees	347		353		338		336		340		1,038		1,024
Investment banking and trading income	324		352		372		335		323		1,048		801
Other deposit revenue	125		120		120		121		125		365		350
Mortgage banking income	113		116		133		119		118		362		333
Lending related fees	120		120		118		98		103		358		297
Securities gains (losses)	(1,447)		—		—		—		—		(1,447)		(19)
Other income	95		208		102		172		175		405		498
Total noninterest income	84		1,644		1,553		1,546		1,558		3,281		4,350
Noninterest Expense
Personnel expense	1,853		1,792		1,727		1,818		1,748		5,372		5,030
Professional fees and outside processing	365		335		313		337		346		1,013		1,083
Software expense	254		239		230		242		233		723		694
Net occupancy expense	180		171		179		176		185		530		534
Equipment expense	77		79		85		90		90		241		261
Marketing and customer development	83		91		79		63		79		253		236
Amortization of intangibles	62		63		64		70		72		189		220
Regulatory costs	61		61		68		7		32		190		156

Other expense	170		224		238		367		229		632		692
Total noninterest expense	3,105		3,055		2,983		3,170		3,014		9,143		8,906
Earnings
Income before income taxes	895		1,815		1,690		1,564		1,737		4,400		4,785
Provision for income taxes	96		262		209		210		285		567		832


Net income	799		1,553		1,481		1,354		1,452		3,833		3,953




Preferred stock dividends and other	115		34		104		65		104		253		268


Net income available to common shareholders	$	684	$	1,519	$	1,377	$	1,289	$	1,348	$	3,580	$	3,685
Earnings Per Common Share


Basic EPS	$	0.57	$	1.24	$	1.10	$	1.02	$	1.05	$	2.92	$	2.85


Diluted EPS	0.56		1.23		1.09		1.00		1.04		2.88		2.82
Weighted Average Shares Outstanding
Basic	1,210,179		1,224,867		1,248,628		1,267,341		1,280,571		1,227,751		1,293,341
Diluted	1,226,342		1,239,040		1,266,572		1,285,078		1,296,666		1,243,918		1,308,676

- 2 -

Consolidated Ending Balance Sheets - Five Quarter Trend


	Sept. 30		June 30		March 31		Dec. 31		Sept. 30
(Dollars in millions)	2026		2026		2026		2025		2025
Assets
Cash and due from banks	$	4,230	$	4,707	$	4,294	$	4,967	$	4,329
Interest-bearing deposits with banks	41,242		34,581		31,903		31,410		32,523
Securities borrowed or purchased under agreements to resell	3,903		4,431		4,047		3,200		2,981
Trading assets at fair value	5,218		5,288		5,235		5,790		5,731
AFS securities at fair value	61,523		67,651		65,430		65,042		65,522
HTM securities at amortized cost	48,666		46,351		46,436		47,186		48,022
Loans and leases:
Commercial:
Commercial and industrial	167,316		168,826		169,247		167,808		163,607
CRE	25,897		25,479		24,447		23,720		22,414
Commercial construction	7,458		7,372		7,620		7,783		8,027
Consumer:
Residential mortgage	58,203		56,632		56,297		56,807		57,623
Home equity	9,687		9,677		9,633		9,719		9,618
Indirect auto	17,092		23,840		25,054		25,659		25,490
Other consumer	33,486		33,164		32,097		32,181		32,070
Credit card	4,791		4,806		4,843		4,918		4,889
Total loans and leases held for investment	323,930		329,796		329,238		328,595		323,738
Loans held for sale	1,558		2,477		2,174		1,883		1,925
Total loans and leases	325,488		332,273		331,412		330,478		325,663
Allowance for loan and lease losses	(4,063)		(4,983)		(5,026)		(5,030)		(4,988)
Premises and equipment	3,257		3,177		3,145		3,172		3,176
Goodwill	17,125		17,125		17,125		17,125		17,125
Core deposit and other intangible assets	1,067		1,130		1,192		1,256		1,328
Loan servicing rights at fair value	5,066		4,293		4,112		3,972		3,776
Other assets	41,474		39,999		39,670		38,970		38,663
Total assets	$	554,196	$	556,023	$	548,975	$	547,538	$	543,851
Liabilities
Deposits:
Noninterest-bearing deposits	$	103,325	$	104,341	$	105,460	$	105,092	$	106,197
Interest checking	137,313		130,421		123,257		117,830		109,827
Money market and savings	133,535		133,688		135,702		139,044		135,931
Time deposits	39,060		40,929		39,662		38,432		42,952
Total deposits	413,233		409,379		404,081		400,398		394,907
Short-term borrowings	12,415		26,885		27,441		27,839		29,376
Long-term debt	53,373		42,976		41,622		41,963		41,729
Other liabilities	13,703		12,688		11,617		12,149		12,193
Total liabilities	492,724		491,928		484,761		482,349		478,205
Shareholders’ Equity:
Preferred stock	5,411		5,411		4,916		4,916		5,907
Common stock	5,992		6,108		6,229		6,312		6,396
Additional paid-in capital	30,613		31,616		32,610		33,663		34,278
Retained earnings	27,728		27,676		26,796		26,067		25,438
Accumulated other comprehensive loss	(8,272)		(6,716)		(6,337)		(5,769)		(6,373)

Total shareholders’ equity	61,472		64,095		64,214		65,189		65,646
Total liabilities and shareholders’ equity	$	554,196	$	556,023	$	548,975	$	547,538	$	543,851

- 3 -

Average Balances and Rates - Quarters


	Quarter Ended
	September 30, 2026						June 30, 2026						March 31, 2026						December 31, 2025						September 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	$	13,772	$	151	4.34	%	$	13,454	$	145	4.32	%	$	13,138	$	145	4.48	%	$	13,275	$	162	4.82	%	$	13,351	$	174	5.18	%
GSE	452		5		3.99		464		4		3.84		474		5		3.98		478		4		3.80		458		4		3.86
Agency MBS	102,259		723		2.83		103,367		717		2.78		102,089		696		2.73		103,591		727		2.81		104,998		760		2.89
States and political subdivisions	342		4		4.27		347		4		4.27		347		3		4.30		349		4		4.27		358		3		4.19

Other	1,608		15		3.83		506		3		2.12		70		—		1.65		14		—		4.42		15		1		4.50
Total securities	118,433		898		3.03		118,138		873		2.96		116,118		849		2.93		117,707		897		3.04		119,180		942		3.16
Loans and leases:
Commercial:
Commercial and industrial	165,989		2,177		5.21		168,817		2,211		5.25		166,636		2,179		5.30		163,990		2,267		5.49		162,207		2,312		5.66
CRE	25,493		366		5.63		24,938		349		5.56		24,165		339		5.64		23,205		354		5.99		21,171		336		6.25
Commercial construction	7,515		115		6.29		7,455		112		6.18		7,845		117		6.21		8,015		129		6.52		8,258		139		6.84
Consumer:
Residential mortgage	57,286		610		4.25		56,342		585		4.15		56,458		582		4.13		57,100		589		4.13		57,676		598		4.15
Home equity	9,663		170		6.99		9,656		169		7.02		9,666		167		6.99		9,679		176		7.24		9,588		182		7.51
Indirect auto	21,406		368		6.81		24,430		429		7.06		25,342		443		7.08		25,639		469		7.27		24,964		459		7.29
Other consumer	33,360		700		8.32		32,661		679		8.33		32,053		662		8.38		32,181		677		8.35		31,714		668		8.36
Credit card	4,811		134		11.07		4,863		133		10.93		4,857		129		10.79		4,956		136		10.89		4,915		146		11.74
Total loans and leases held for investment	325,523		4,640		5.66		329,162		4,667		5.68		327,022		4,618		5.71		324,765		4,797		5.87		320,493		4,840		6.00
Loans held for sale	3,935		93		9.41		2,587		35		5.54		1,950		26		5.24		1,972		28		5.64		1,577		24		6.18
Total loans and leases	329,458		4,733		5.71		331,749		4,702		5.68		328,972		4,644		5.71		326,737		4,825		5.87		322,070		4,864		6.00
Interest earning trading assets	5,341		69		5.27		5,618		75		5.32		5,807		74		5.09		6,015		82		5.38		5,991		86		5.70
Other earning assets(3)	38,198		374		3.85		36,956		363		3.89		35,457		333		3.77		34,138		359		4.13		38,765		445		4.50
Total earning assets	491,430		6,074		4.91		492,461		6,013		4.89		486,354		5,900		4.90		484,597		6,163		5.05		486,006		6,337		5.18
Nonearning assets	58,336						58,004						57,767						57,636						55,819
Total assets	$	549,766					$	550,465					$	544,121					$	542,233					$	541,825
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking	$	131,507	747		2.25		$	123,556	652		2.12		$	120,110	619		2.09		$	112,313	618		2.18		$	109,244	677		2.46
Money market and savings	137,166		599		1.73		136,423		608		1.79		136,106		609		1.81		138,114		677		1.95		136,515		755		2.19
Time deposits	39,072		301		3.06		41,270		315		3.06		39,337		297		3.06		40,031		338		3.35		45,090		403		3.54
Total interest-bearing deposits	307,745		1,647		2.12		301,249		1,575		2.10		295,553		1,525		2.09		290,458		1,633		2.23		290,849		1,835		2.50
Short-term borrowings	18,595		186		3.96		28,893		286		3.97		30,669		286		3.78		29,128		300		4.08		26,796		299		4.42
Long-term debt	45,134		534		4.73		40,640		485		4.77		37,141		445		4.80		39,138		481		4.91		41,458		523		5.04
Total interest-bearing liabilities	371,474		2,367		2.53		370,782		2,346		2.54		363,363		2,256		2.51		358,724		2,414		2.67		359,103		2,657		2.94
Noninterest-bearing deposits	102,954						103,620						103,371						105,552						105,751
Other liabilities	12,028						12,275						12,593						12,619						11,922
Shareholders’ equity	63,310						63,788						64,794						65,338						65,049
Total liabilities and shareholders’ equity	$	549,766					$	550,465					$	544,121					$	542,233					$	541,825
Average interest-rate spread					2.38						2.35						2.39						2.38						2.24

Net interest income / net interest margin -TE(2)			$	3,707	3.00	%			$	3,667	2.98	%			$	3,644	3.02	%			$	3,749	3.07	%			$	3,680	3.01	%
TE adjustment(2)			44						46						45						49						51
Net interest income			$	3,663					$	3,621					$	3,599					$	3,700					$	3,629
Memo: Total deposits	$	410,699	1,647		1.59	%	$	404,869	1,575		1.56	%	$	398,924	1,525		1.55	%	$	396,010	1,633		1.64	%	$	396,600	1,835		1.84	%

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

(2)Amounts related to interest income and yields are on a TE basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends. A reconciliation of net interest income - TE to net interest income is included within the table above. NIM – TE is calculated using net interest income on a TE basis to determine the total yield on interest-earning assets.

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

- 4 -

Average Balances and Rates - Year-To-Date


	Year-to-Date
	September 30, 2026						September 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	$	13,457	$	441	4.38	%	$	14,078	$	546	5.19	%
GSE	463		14		3.94		461		13		3.78
Agency MBS	102,572		2,136		2.78		106,752		2,309		2.88
States and political subdivisions	345		11		4.28		366		11		4.20

Other	735		18		3.34		15		1		4.59
Total securities	117,572		2,620		2.97		121,672		2,880		3.16
Loans and leases:
Commercial:
Commercial and industrial	167,145		6,567		5.25		158,663		6,758		5.69
CRE	24,870		1,054		5.61		20,235		946		6.20
Commercial construction	7,604		344		6.23		8,533		428		6.84
Consumer:
Residential mortgage	56,698		1,777		4.18		56,715		1,739		4.09
Home equity	9,662		506		7.00		9,581		537		7.49
Indirect auto	23,712		1,240		6.99		24,129		1,312		7.27
Other consumer	32,696		2,041		8.35		30,474		1,904		8.36
Credit card	4,843		396		10.93		4,885		423		11.57

Total loans and leases held for investment	327,230		13,925		5.69		313,215		14,047		5.99
Loans held for sale	2,832		154		7.25		1,318		60		6.09
Total loans and leases	330,062		14,079		5.70		314,533		14,107		5.99
Interest earning trading assets	5,587		218		5.22		5,840		254		5.80
Other earning assets(3)	36,879		1,070		3.84		39,059		1,334		4.51
Total earning assets	490,100		17,987		4.90		481,104		18,575		5.15
Nonearning assets	58,038						55,775
Total assets	$	548,138					$	536,879
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking	$	125,100	2,018		2.16		$	111,548	2,043		2.45
Money market and savings	136,569		1,816		1.78		136,339		2,249		2.21
Time deposits	39,892		913		3.06		42,448		1,123		3.54

Total interest-bearing deposits	301,561		4,747		2.10		290,335		5,415		2.49
Short-term borrowings	26,008		758		3.89		27,777		927		4.46
Long-term debt	41,001		1,464		4.77		36,063		1,363		5.04
Total interest-bearing liabilities	368,570		6,969		2.53		354,175		7,705		2.91
Noninterest-bearing deposits	103,313						106,110
Other liabilities	12,296						12,151
Shareholders’ equity	63,959						64,443
Total liabilities and shareholders’ equity	$	548,138					$	536,879
Average interest-rate spread					2.37						2.24

Net interest income / net interest margin -TE(2)			$	11,018	3.00	%			$	10,870	3.01	%
TE adjustment(2)			135						147
Net interest income			$	10,883					$	10,723
Memo: Total deposits	$	404,874	4,747		1.57	%	$	396,445	5,415		1.83	%

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

- 5 -

Credit Quality


	Sept. 30		June 30		March 31		Dec. 31		Sept. 30
(Dollars in millions)	2026		2026		2026		2025		2025
Nonperforming Assets
Nonaccrual loans and leases:
Commercial:
Commercial and industrial	$	733	$	657	$	738	$	839	$	800
CRE	43		43		21		47		98
Commercial construction	18		22		23		41		42

Consumer:
Residential mortgage	225		231		231		213		196
Home equity	94		98		101		99		103
Indirect auto	101		569		455		267		247
Other consumer	79		72		73		71		66


Total nonaccrual loans and leases held for investment	1,293		1,692		1,642		1,577		1,552
Loans held for sale	15		—		79		—		19
Total nonaccrual loans and leases	1,308		1,692		1,721		1,577		1,571
Foreclosed real estate	4		5		6		3		4

Other foreclosed property	26		51		58		53		54
Total nonperforming assets	$	1,338	$	1,748	$	1,785	$	1,633	$	1,629



















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


Consumer:
Residential mortgage - government guaranteed	568		560		609		532		438
Residential mortgage - nonguaranteed	46		33		39		38		41
Home equity	6		8		7		7		6

Other consumer	19		25		26		28		27


Credit card	64		67		75		76		69

Total loans 90 days past due and still accruing	$	703	$	698	$	760	$	684	$	584
Loans 30-89 Days Past Due and Still Accruing
Commercial:
Commercial and industrial	$	229	$	142	$	260	$	127	$	73
CRE	14		95		42		25		6
Commercial construction	14		—		10		36		5

Consumer:
Residential mortgage - government guaranteed	298		311		263		329		327
Residential mortgage - nonguaranteed	371		354		293		357		344
Home equity	56		52		57		69		54
Indirect auto	210		521		508		679		620
Other consumer	254		232		240		281		241


Credit card	66		67		70		77		73

Total loans 30-89 days past due and still accruing	$	1,512	$	1,774	$	1,743	$	1,980	$	1,743

- 6 -



	As of/For the Quarter Ended
	Sept. 30		June 30		March 31		Dec. 31		Sept. 30
	2026		2026		2026		2025		2025
Asset Quality Ratios
Nonperforming loans and leases as a percentage of loans and leases	0.40	%	0.51	%	0.50	%	0.48	%	0.48	%
Nonperforming loans and leases(1) as a percentage of total loans and leases(1)	0.40		0.51		0.52		0.48		0.48
Nonperforming assets(1) as a percentage of total assets	0.24		0.31		0.33		0.30		0.30
Nonperforming assets(1) as a percentage of loans and leases plus foreclosed property	0.41		0.53		0.52		0.50		0.50
Loans 90 days or more past due and still accruing as a percentage of loans and leases	0.22		0.21		0.23		0.21		0.18
Loans 90 days or more past due and still accruing as a percentage of loans and leases, excluding government guaranteed loans	0.04		0.04		0.05		0.05		0.05
Loans 30-89 days past due and still accruing as a percentage of loans and leases	0.47		0.54		0.53		0.60		0.54
Allowance for loan and lease losses as a percentage of loans and leases	1.25		1.51		1.53		1.53		1.54
Ratio of allowance for loan and lease losses to:
Net charge-offs (annualized)(2)	1.6X		3.0X		2.5X		2.7X		3.3X
Nonperforming loans and leases	3.1X		2.9X		3.1X		3.2X		3.2X
(1)Nonperforming assets and total loans and leases include loans held for sale. (2)Includes $251 million of net charge-offs upon the transfer of RAC loans to LHFS in the third quarter of 2026. Additionally includes $66 million of net charge-offs prior to their transfer to LHFS, for the three months ended September 30, 2026.

							As of/For the Year-to-Date
							Period Ended Sept. 30
							2026		2025
Asset Quality Ratios(1)
Net charge-offs as a percentage of average loans and leases							0.63	%	0.53	%
Ratio of allowance for loan and lease losses to net charge-offs							2.0X		3.0X
Applicable ratios are annualized. (1)Includes $251 million of net charge-offs upon the transfer of RAC loans to LHFS in the third quarter of 2026. Additionally includes $259 million of net charge-offs prior to their transfer to LHFS, for the nine months ended September 30, 2026.

- 7 -



	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)	2026		2026		2026		2025		2025		2026		2025
Allowance for Credit Losses
Beginning balance	$	5,316	$	5,335	$	5,347	$	5,305	$	5,253	$	5,347	$	5,161
Provision (benefit) for credit losses(1)	(253)		395		479		512		436		621		1,382
Charge-offs:
Commercial:
Commercial and industrial	(125)		(137)		(142)		(141)		(98)		(404)		(320)
CRE	—		(1)		(7)		(14)		(25)		(8)		(133)
Commercial construction	(2)		(1)		(17)		—		—		(20)		—

Consumer:
Residential mortgage	(1)		(1)		(1)		(3)		(1)		(3)		(3)
Home equity	(3)		(3)		(3)		(2)		(2)		(9)		(8)
Indirect auto(2)	(358)		(135)		(158)		(160)		(150)		(651)		(431)
Other consumer	(170)		(168)		(184)		(178)		(155)		(522)		(455)

Credit card	(62)		(70)		(71)		(67)		(49)		(203)		(193)

Total charge-offs	(721)		(516)		(583)		(565)		(480)		(1,820)		(1,543)
Recoveries:
Commercial:
Commercial and industrial	19		22		16		23		20		57		75
CRE	—		1		3		6		2		4		12
Commercial construction	—		1		1		1		—		2		1

Consumer:
Residential mortgage	1		1		2		1		2		4		4
Home equity	4		3		3		3		5		10		13
Indirect auto	22		29		25		24		25		76		78
Other consumer	35		35		33		28		31		103		92

Credit card	11		10		9		9		10		30		33

Total recoveries	92		102		92		95		95		286		308
Net charge-offs	(629)		(414)		(491)		(470)		(385)		(1,534)		(1,235)
Other	(1)		—		—		—		1		(1)		(3)
Ending balance	$	4,433	$	5,316	$	5,335	$	5,347	$	5,305	$	4,433	$	5,305
Allowance for Credit Losses:


Allowance for loan and lease losses	$	4,063	$	4,983	$	5,026	$	5,030	$	4,988
Reserve for unfunded lending commitments	370		333		309		317		317
Allowance for credit losses	$	4,433	$	5,316	$	5,335	$	5,347	$	5,305

(1)Includes benefit of $581 million for the three months ended September 30, 2026 from the release of ACL following the recognition of held for sale-related charge-offs resulting from the RAC loan sale.

(2)Includes $251 million of net charge-offs upon the transfer of RAC loans to LHFS in the third quarter of 2026. Additionally includes $66 million and $259 million of net charge-offs prior to their transfer to LHFS, for the three and nine months ended September 30, 2026, respectively.


	Quarter Ended										As of/For the Year-to-Date
	Sept. 30		June 30		March 31		Dec. 31		Sept. 30		Period Ended Sept. 30
	2026		2026		2026		2025		2025		2026		2025
Net Charge-offs as a Percentage of Average Loans and Leases:
Commercial:
Commercial and industrial	0.25	%	0.27	%	0.31	%	0.29	%	0.19	%	0.28	%	0.21	%
CRE	—		—		0.06		0.14		0.44		0.02		0.80
Commercial construction	0.12		(0.01)		0.84		(0.04)		(0.03)		0.33		(0.02)
Consumer:
Residential mortgage	—		—		(0.01)		0.01		—		—		—
Home equity	(0.04)		0.02		(0.02)		(0.04)		(0.11)		(0.01)		(0.07)
Indirect auto(1)	6.23		1.73		2.14		2.10		1.99		3.24		1.96
Other consumer	1.61		1.63		1.91		1.84		1.55		1.72		1.60
Credit card	4.21		4.97		5.15		4.64		3.13		4.78		4.38

Total net charge-offs (recoveries) as a percentage of average loans and leases(1)	0.77		0.50		0.61		0.57		0.48		0.63		0.53

Ratios are annualized. (1)Includes $251 million of net charge-offs upon the transfer of RAC loans to LHFS in the third quarter of 2026. Additionally includes $66 million and $259 million of net charge-offs prior to their transfer to LHFS, for the three and nine months ended September 30, 2026, respectively.

- 8 -

Segment Financial Performance - Preliminary



	Quarter Ended
	Sept. 30		June 30		March 31		Dec. 31		Sept. 30
(Dollars in millions)	2026		2026		2026		2025		2025
Consumer and Small Business Banking
Net interest income (expense)	$	1,670	$	1,625	$	1,606	$	1,622	$	1,571
Net intersegment interest income (expense)	1,047		979		886		862		850
Segment net interest income (expense)	2,717		2,604		2,492		2,484		2,421
Allocated provision (benefit) for credit losses	(299)		307		374		431		400


Noninterest income	468		529		529		520		530
Personnel expense	459		443		433		443		449
Amortization of intangibles	33		33		34		37		38

Other direct noninterest expense	319		312		293		288		281
Direct noninterest expense	811		788		760		768		768
Expense allocations	988		933		920		932		942
Total noninterest expense	1,799		1,721		1,680		1,700		1,710
Income (loss) before income taxes	1,685		1,105		967		873		841
Provision (benefit) for income taxes	409		271		238		212		205
Segment net income (loss)	$	1,276	$	834	$	729	$	661	$	636




Wholesale Banking
Net interest income (expense)	$	1,878	$	1,941	$	1,921	$	2,018	$	2,029
Net intersegment interest income (expense)	(317)		(409)		(411)		(401)		(451)
Segment net interest income (expense)	1,561		1,532		1,510		1,617		1,578
Allocated provision for credit losses	47		90		105		82		36


Noninterest income	1,215		1,159		1,069		1,134		1,142
Personnel expense	632		626		612		668		598
Amortization of intangibles	29		30		30		33		34

Other direct noninterest expense	185		200		187		188		199
Direct noninterest expense	846		856		829		889		831
Expense allocations	551		528		521		471		487
Total noninterest expense	1,397		1,384		1,350		1,360		1,318
Income (loss) before income taxes	1,332		1,217		1,124		1,309		1,366
Provision (benefit) for income taxes	284		256		232		270		283
Segment net income (loss)	$	1,048	$	961	$	892	$	1,039	$	1,083































Other, Treasury & Corporate(1)
Net interest income (expense)	$	115	$	55	$	72	$	60	$	29
Net intersegment interest income (expense)	(730)		(570)		(475)		(461)		(399)
Segment net interest income (expense)	(615)		(515)		(403)		(401)		(370)
Allocated provision (benefit) for credit losses	(1)		(2)		—		(1)		—


Noninterest income	(1,599)		(44)		(45)		(108)		(114)
Personnel expense	762		723		682		707		701
Amortization of intangibles	—		—		—		—		—

Other direct noninterest expense	686		688		712		806		714
Direct Noninterest Expense	1,448		1,411		1,394		1,513		1,415
Expense Allocations	(1,539)		(1,461)		(1,441)		(1,403)		(1,429)
Total noninterest expense	(91)		(50)		(47)		110		(14)
Income (loss) before income taxes	(2,122)		(507)		(401)		(618)		(470)
Provision (benefit) for income taxes	(597)		(265)		(261)		(272)		(203)
Segment net income (loss)	$	(1,525)	$	(242)	$	(140)	$	(346)	$	(267)


Total Truist Financial Corporation
Net interest income (expense)	$	3,663	$	3,621	$	3,599	$	3,700	$	3,629
Net intersegment interest income (expense)	—		—		—		—		—
Segment net interest income (expense)	3,663		3,621		3,599		3,700		3,629
Allocated provision (benefit) for credit losses	(253)		395		479		512		436
Noninterest income	84		1,644		1,553		1,546		1,558


Personnel expense	1,853		1,792		1,727		1,818		1,748
Amortization of intangibles	62		63		64		70		72

Other direct noninterest expense	1,190		1,200		1,192		1,282		1,194
Direct Noninterest Expense	3,105		3,055		2,983		3,170		3,014
Expense Allocations	—		—		—		—		—
Total noninterest expense	3,105		3,055		2,983		3,170		3,014
Income before income taxes	895		1,815		1,690		1,564		1,737
Provision for income taxes	96		262		209		210		285
Net income	$	799	$	1,553	$	1,481	$	1,354	$	1,452

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

- 9 -

Capital Information - Five Quarter Trend


	As of/For the Quarter Ended
	Sept. 30			June 30			March 31			Dec. 31			Sept. 30
(Dollars in millions, except per share data, shares in thousands)	2026			2026			2026			2025			2025
Selected Capital Information	(preliminary)
Risk-based capital:
Common equity tier 1	$	46,315		$	47,488		$	47,683		$	48,027		$	48,031
Tier 1	51,723			52,896			52,596			52,940			53,935
Total	58,502			60,707			60,470			61,255			62,377
Risk-weighted assets	431,752			434,934			440,333			443,257			438,114
Average quarterly assets for leverage ratio	537,657			537,658			530,908			529,156			529,861
Average quarterly assets for supplementary leverage ratio	644,500			645,253			636,907			635,249			635,076
Risk-based capital ratios:
Common equity tier 1	10.7		%	10.9		%	10.8		%	10.8		%	11.0		%
Tier 1	12.0			12.2			11.9			11.9			12.3
Total	13.6			14.0			13.7			13.8			14.2
Leverage capital ratio	9.6			9.8			9.9			10.0			10.2
Supplementary leverage	8.0			8.2			8.3			8.3			8.5
Common equity per common share	$	46.78		$	48.04		$	47.60		$	47.74		$	46.70

- 10 -

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)	2026			2026			2026			2025			2025
Mortgage Banking Income
Residential mortgage income:
Residential mortgage production revenue	$	22		$	24		$	27		$	26		$	22
Residential mortgage servicing income:


Residential mortgage servicing income before MSR valuation	82			70			82			77			74




Net MSRs valuation	(7)			5			9			1			9
Total residential mortgage servicing income	75			75			91			78			83
Total residential mortgage income	97			99			118			104			105
Commercial mortgage income:
Commercial mortgage production revenue	11			7			12			12			10
Commercial mortgage servicing income:


Commercial mortgage servicing income before MSR valuation	5			5			3			2			4



Net MSRs valuation	—			5			—			1			(1)
Total commercial mortgage servicing income	5			10			3			3			3
Total commercial mortgage income	16			17			15			15			13
Total mortgage banking income	$	113		$	116		$	133		$	119		$	118

Other Mortgage Banking Information
Residential mortgage loan originations	$	6,214		$	6,824		$	5,137		$	4,551		$	4,743
Residential mortgage servicing portfolio:(1)
Loans serviced for others	267,522			240,764			233,870			228,383			221,274
Bank-owned loans serviced	58,288			57,894			57,386			57,583			58,396
Total servicing portfolio	325,810			298,658			291,256			285,966			279,670
Weighted-average coupon rate on mortgage loans serviced for others	3.80		%	3.79		%	3.77		%	3.77		%	3.75		%
Weighted-average servicing fee on mortgage loans serviced for others	0.29			0.29			0.29			0.28			0.28

Additional Information
Brokered deposits(2)	$	26,226		$	26,812		$	28,488		$	29,835		$	28,423

NQDCP income (expense):(3)
Interest income	$	—		$	—		$	(6)		$	4		$	1
Other income	1			31			(7)			(1)			17
Personnel expense	(1)			(31)			13			(3)			(18)
Total NQDCP income (expense)	$	—		$	—		$	—		$	—		$	—


Common stock prices:
High	$	54.22		$	52.11		$	56.20		$	50.86		$	47.46
Low	46.17			45.83			43.13			40.78			41.98
End of period	46.30			49.82			45.97			49.21			45.72
Banking offices	1,912			1,927			1,927			1,927			1,927
ATMs	2,790			2,820			2,826			2,829			2,837
Full-time equivalent teammates(4)	37,833			37,849			37,877			38,062			38,534

(1)Amounts reported are unpaid principal balance.

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

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

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

- 11 -

Non-GAAP Reconciliations

Diluted EPS


	Quarter Ended				Year-to-Date
	Sept. 30		June 30			Sept. 30		Sept. 30		Sept. 30
(Dollars in millions, except per share data)	2026		2026			2025		2026		2025
Net Income (loss) available to common shareholders	$	684	$	1,519		$	1,348	$	3,580	$	3,685
Gross adjustments:
Securities (gains) losses	1,447		—			—		1,447		19
Reserve recapture for RAC loan sale	(581)		—			—		(581)		—
RAC loan sale impact	106		—			—		106		—
Applicable income taxes related to adjustments:(1)
Securities (gains) losses	(346)		—			—		(346)		(5)
Reserve recapture for RAC loan sale	139		—			—		139		—
RAC loan sale impact	(26)		—			—		(26)		—












































Adjusted net income available to common shareholders(2)	$	1,423	$	1,519		$	1,348	$	4,319	$	3,699


Weighted average shares outstanding - diluted	1,226,342		1,239,040			1,296,666		1,243,918		1,308,676

Diluted EPS	0.56		1.23			1.04		2.88		2.82
Adjusted diluted EPS(2)	1.16		1.23			1.04		3.47		2.83

(1)Calculated using the applicable marginal tax rate.

(2)Adjusted net income available to common shareholders and adjusted diluted EPS are non-GAAP in that these measures exclude selected items, net of tax. Truist’s management uses these measures in its analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. Diluted EPS impact for individual items may not foot to difference between GAAP diluted and adjusted diluted EPS due to rounding.

Revenue


	Quarter Ended				Year-to-Date
	Sept. 30		June 30			Sept. 30		Sept. 30		Sept. 30
(Dollars in millions)	2026		2026			2025		2026		2025
Revenue(1)	$	3,747	$	5,265		$	5,187	$	14,164	$	15,073
Taxable equivalent adjustment	44		46			51		135		147
Revenue - taxable equivalent(1)(2)	$	3,791	$	5,311		$	5,238	$	14,299	$	15,220
Securities (gains) losses	1,447		—			—		1,447		19
Loss on RAC loan sale	66		—			—		66		—
Adjusted revenue - TE(1)(2)	$	5,304	$	5,311		$	5,238	$	15,812	$	15,239

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

(2)Adjusted revenue includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue additionally excludes selected items. Truist’s management uses this measure in its analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.

Pre-Provision Net Revenue


	Quarter Ended				Year-to-Date
	Sept. 30		June 30			Sept. 30		Sept. 30		Sept. 30
(Dollars in millions)	2026		2026			2025		2026		2025
Net income	$	799	$	1,553		$	1,452	$	3,833	$	3,953
Provision (benefit) for credit losses	(253)		395			436		621		1,382
Provision for income taxes	96		262			285		567		832
Taxable-equivalent adjustment	44		46			51		135		147
PPNR(1)	686		2,256			2,224		5,156		6,314















Securities (gains) losses	1,447		—			—		1,447		19
RAC loan sale impact	106		—			—		106		—







Adjusted PPNR(1)	$	2,239	$	2,256		$	2,224	$	6,709	$	6,333

(1)PPNR 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 and includes a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted PPNR is a non-GAAP measure that additionally excludes selected items. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.

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Return on Average Tangible Common Shareholders’ Equity






	Quarter Ended						Year-to-Date
	Sept. 30			June 30				Sept. 30			Sept. 30			Sept. 30
(Dollars in millions)	2026			2026				2025			2026			2025
Net income available to common shareholders	$	684		$	1,519			$	1,348		$	3,580		$	3,685

Amortization of intangibles	62			63				72			189			220
Applicable income taxes related to the amortization of intangibles(1)	(15)			(15)				(18)			(45)			(53)

Tangible net income available to common shareholders(2)	731			1,567				1,402			3,724			3,852
Gross adjustments:
Securities (gains) losses	1,447			—				—			1,447			19
Reserve recapture for RAC loan sale	(581)			—				—			(581)			—
RAC loan sale impact	106			—				—			106			—
Applicable income taxes related to adjustments:(1)
Securities (gains) losses	(346)			—				—			(346)			(5)
Reserve recapture for RAC loan sale	139			—				—			139			—
RAC loan sale impact	(26)			—				—			(26)			—
Total adjustments, net of tax	739			—				—			739			14
Adjusted tangible net income available to common shareholders(2)	$	1,470		$	1,567			$	1,402		$	4,463		$	3,866

Average common shareholders’ equity	$	57,899		$	58,616			$	59,141		$	58,791		$	58,535
Average intangible assets	(18,258)			(18,321)				(18,528)			(18,321)			(18,595)
Applicable deferred taxes related to intangible assets(1)	398			401				415			401			418

Average tangible common shareholders’ equity(2)	$	40,039		$	40,696			$	41,028		$	40,871		$	40,358

ROCE	4.7		%	10.4		%		9.0		%	8.1		%	8.4		%
ROTCE(2)	7.2			15.4				13.6			12.2			12.8
Adjusted ROTCE(2)	14.6			15.4				13.6			14.6			12.8

(1)Calculated using the applicable marginal tax rate.

(2)Tangible net income available to common shareholders, average tangible common shareholders’ equity, and ROTCE are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes. Adjusted tangible net income available to common shareholders and adjusted ROTCE are non-GAAP measures that additionally exclude other selected items. 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.

Tangible Book Value per Common Share


	Sept. 30		June 30		Sept. 30
(Dollars in millions, except per share data, shares in thousands)	2026		2026		2025
Calculations of Tangible Common Equity and Related Measures:(1)
Total shareholders’ equity	$	61,472	$	64,095	$	65,646
Preferred stock	(5,411)		(5,411)		(5,907)
Common shareholders’ equity	56,061		58,684		59,739

Intangible assets	(18,223)		(18,287)		(18,489)
Applicable deferred taxes related to intangible assets(2)	397		400		413
Tangible common equity	$	38,235	$	40,797	$	41,663

Outstanding shares at end of period	1,198,488		1,221,626		1,279,246
Common equity per common share	$	46.78	$	48.04	$	46.70
TBVPS	31.90		33.40		32.57

(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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