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Truist Q3 2026 Earnings Report Highlights
Truist reports 12% higher earnings per share with strategic shifts to focus on core banking services.
In brief
Truist reports 12% higher earnings per share with strategic shifts to focus on core banking services. Truist Financial Corporation reported adjusted earnings of $1.16 per share for Q3 2026, a 12% year-over-year increase, driven by strategic sales of non-core businesses and capital reallocation toward…
Q3 2026 Earnings
Truist reported adjusted diluted EPS of $1.16, up 12% year over year.
Strategic Shifts
Company sold Regional Acceptance Corporation portfolio for $5.5 billion and agreed to sell LightStream for $7.7 billion.
Capital Reallocation
Repositioned securities portfolio to improve balance sheet quality and target 15% ROTCE by 2027.
Q4 Revenue Guidance
Expected revenue of $5.35 billion for Q4 2026, with 5% growth in adjusted non-interest income.
Share Repurchase Plan
Plans to repurchase approximately $1 billion of shares in Q4 2026, down from $1.2 billion in Q3.
Commercial Banking Expansion
Added over 40 bankers to commercial middle market business to drive sales growth.
Efficiency Ratio
Efficiency ratio of 82.9% on GAAP basis, impacted by AFS repositioning and RAC costs.
Non-performing Loans
Non-performing loans at 0.40% of total loans, down 11 basis points linked quarter.
ALLL Ratio
ALLL ratio declined 26 basis points linked quarter to 1.25%.
Q4 Net Interest Income Guidance
Guided Q4 net interest income of $3.65 billion to $3.7 billion, including $125 million reduction from RAC sale.
Wealth Management Performance
Wealth management income reached $407 million, a record for the segment.
CET1 Ratio
CET1 ratio dropped 20 basis points linked quarter to 10.7%.
Capital Return
Returned $1.8 billion to shareholders through $1.2 billion in repurchases and $632 million in dividends.
Adjusted Non-interest Income
Adjusted non-interest income declined 2.9% linked quarter to $1.6 billion.
Adjusted Non-interest Expense
Adjusted non-interest expense rose 0.3% linked quarter to $3.07 billion.
Q4 Outlook
Company aims to finish strategic review by year-end and provide detailed outlook in early 2027.
Here's the gist
Truist Financial Corporation reported adjusted earnings of $1.16 per share for Q3 2026, a 12% year-over-year increase, driven by strategic sales of non-core businesses and capital reallocation toward relationship-based banking.
