Earnings release
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` News Release Truist reports third quarter 2026 results Solid 3Q26 results; simplifying and reallocating resources to drive stronger growth, profitability, and returns Diluted EPS of $0.56; adjusted diluted EPS(1) of $1.16, up 12% compared to 3Q25 3Q26 Key Financial Data 3Q26 Performance Highlights(3) (Dollars in billions, except per share data) 3Q26 2Q26 3Q25 Summary Income Statement Net interest income $ 3.66 $ 3.62 $ 3.63 Net interest income - TE(1) 3.71 3.67 3.68 Noninterest income 0.08 1.64 1.56 Total revenue 3.75 5.27 5.19 Total revenue - TE(1) 3.79 5.31 5.24 Noninterest expense 3.11 3.06 3.01 Net income 0.80 1.55 1.45 Net income available to common shareholders 0.68 1.52 1.35 Adjusted net income available to common shareholders(1) 1.42 1.52 1.35 PPNR(1) 0.69 2.26 2.22 Adjusted PPNR(1) 2.24 2.26 2.22 Key Metrics Diluted EPS $ 0.56 $ 1.23 $ 1.04 Adjusted diluted EPS(1) 1.16 1.23 1.04 BVPS 46.78 48.04 46.70 TBVPS(1) 31.90 33.40 32.57 ROCE 4.7 % 10.4 % 9.0 % ROTCE(1) 7.2 15.4 13.6 Adjusted ROTCE(1) 14.6 15.4 13.6 Efficiency ratio 82.9 58.0 58.1 NIM - TE(1) 3.00 2.98 3.01 NCO ratio 0.77 0.50 0.48 ALLL ratio 1.25 1.51 1.54 CET1 ratio(2) 10.7 10.9 11.0 Average Balances Assets $ 550 $ 550 $ 542 Securities 118 118 119 Loans and leases 329 332 322 Deposits 411 405 397 Amounts may not foot due to rounding. (1) Represents a non-GAAP measure. For additional details, see the “Non-GAAP Financial Information” section of this release and reconciliations of non-GAAP measures to the most directly comparable GAAP measures included in this release or Truist’s Third Quarter 2026 Quarterly Performance Summary. (2) Current quarter capital ratios are preliminary. (3) This section summarizes changes from third quarter of 2026 compared to second quarter of 2026, unless otherwise noted. • Third quarter results reflect the completion of the Regional Acceptance Corporation (RAC) loan sale and the subsequent AFS securities repositioning • Signed an agreement on October 14, 2026, to sell $7.7 billion of unsecured consumer loans representing substantially all assets of LightStream, our unsecured lending platform, to Carlyle Group Inc. • Adjusted net income available to common shareholders(1) of $1.4 billion, resulting in adjusted diluted EPS(1) of $1.16 per share and adjusted ROTCE(1) of 14.6%, which excludes: ◦ $1.4 billion pre-tax, or $0.90 per share, loss on the sale of AFS securities ◦ $581 million pre-tax, or $0.36 per share, loan loss reserve recapture and $106 million pre-tax, or $0.06 per share, of impacts associated with the RAC loan sale • Adjusted revenue - TE(1) of $5.3 billion was stable ◦ Net interest income - TE(1) increased 1.1%; NIM - TE(1) was up two basis points ◦ Noninterest income was impacted by losses on the RAC loan sale and the AFS securities repositioning, partially offset by record quarterly income for wealth management • Noninterest expense, excluding $40 million of RAC loan sale costs, was stable • End of period loans and leases HFI were $323.9 billion, down $5.9 billion, $5.5 billion of which was due to the RAC loan sale • End of period deposits were $413.2 billion, up $3.9 billion, or 0.9% • Asset quality improved as a result of the RAC loan sale ◦ NCO ratio of 77 basis points, which includes 39 basis points related to RAC ◦ Nonperforming loans to total loans HFI were 0.40%, down 11 basis points ◦ ALLL ratio of 1.25% declined 26 basis points ◦ Ratio of ALLL to nonperforming loans and leases HFI of 3.1x CEO Commentary “Since joining Truist, I’ve become even more confident in the strength of our franchise and the significant opportunities ahead. We delivered a solid quarter while also taking decisive actions to better position Truist for the future. These actions strengthen our risk, liquidity, and funding profile and create greater capacity to invest in our best businesses. We’re simplifying the company and focusing our resources, capital, and expenses on the businesses and capabilities that will help us become the most important financial partner to our clients. Looking ahead, we remain confident in our ability to deliver against our near- and long-term ROTCE targets and will work to build a more focused company positioned to deliver sustainable growth and stronger returns for shareholders.” — Mike Lyons, Truist President & CEO ` Contact: Investors: Brad Milsaps investors@truist.com Media: Kyle Tarrance media@truist.com
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Net Interest Income, Net Interest Margin, and Average Balances Quarter Ended Change (Dollars in millions) 3Q26 2Q26 3Q25 Link Quarter Like Quarter Interest income $ 6,030 $ 5,967 $ 6,286 $ 63 1.1 % $ (256) (4.1) % Plus: TE adjustment(1) 44 46 51 (2) (4.3) (7) (13.7) Interest income - TE(1) 6,074 6,013 6,337 61 1.0 (263) (4.2) Interest expense 2,367 2,346 2,657 21 0.9 (290) (10.9) Net interest income - TE(1) $ 3,707 $ 3,667 $ 3,680 $ 40 1.1 $ 27 0.7 NIM - TE(1) 3.00 % 2.98 % 3.01 % 2 bps (1) bp Average Balances(2) Total earning assets $ 491,430 $ 492,461 $ 486,006 $ (1,031) (0.2) % $ 5,424 1.1 % Total interest-bearing liabilities 371,474 370,782 359,103 692 0.2 12,371 3.4 Yields / Rates(1) Total earning assets 4.91 % 4.89 % 5.18 % 2 bps (27) bps Total interest-bearing liabilities 2.53 2.54 2.94 (1) bp (41) bps (1) 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. (2) 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. Taxable-equivalent net interest income was up $40 million, or 1.1%, compared to the second quarter of 2026, driven by an additional day and fixed asset and liability repricing, partially offset by lower loan balances. NIM - TE was 3.00%, up two basis points compared to the second quarter of 2026. • Average earning assets decreased $1.0 billion, or 0.2%, primarily due to a decrease in average total loans of $2.3 billion, or 0.7%, partially offset by an increase in other earning assets of $1.2 billion, or 3.4%. • The yield on the average total loan portfolio was 5.71%, up three basis points . The yield on the average securities portfolio was 3.03%, up seven basis points. • Average deposits increased $5.8 billion, or 1.4%, average short-term borrowings decreased $10.3 billion, or 36%, and average long-term debt increased $4.5 billion, or 11%. • The average cost of total deposits was 1.59%, up three basis points . The average cost of short-term borrowings was 3.96%, down one basis point . The average cost of long-term debt was 4.73%, down four basis points. Taxable-equivalent net interest income was up $27 million, or 0.7%, compared to the third quarter of 2025, primarily driven by fixed asset and liability repricing, higher client deposit balances, and higher loan balances, partially offset by lower loan spreads and unfavorable deposit mix. NIM - TE was 3.00%, stable compared to the third quarter of 2025. • Average earning assets increased $5.4 billion, or 1.1%, primarily due to an increase in average total loans of $7.4 billion, or 2.3%. • The yield on the average total loan portfolio was 5.71%, down 29 basis points . The yield on the average securities portfolio was 3.03%, down 13 basis points. • Average deposits increased $14.1 billion, or 3.6%, average short-term borrowings decreased $8.2 billion, or 31%, and average long-term debt increased $3.7 billion, or 8.9%. • The average cost of total deposits was 1.59%, down 25 basis points . The average cost of short-term borrowings was 3.96%, down 46 basis points . The average cost of long-term debt was 4.73%, down 31 basis points. - 2 -
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Noninterest Income Quarter Ended Change (Dollars in millions) 3Q26 2Q26 3Q25 Link Quarter Like Quarter Wealth management income $ 407 $ 375 $ 374 $ 32 8.5 % $ 33 8.8 % Card and treasury management fees 347 353 340 (6) (1.7) 7 2.1 Investment banking and trading income 324 352 323 (28) (8.0) 1 0.3 Other deposit revenue 125 120 125 5 4.2 — — Mortgage banking income 113 116 118 (3) (2.6) (5) (4.2) Lending related fees 120 120 103 — — 17 16.5 Securities gains (losses) (1,447) — — (1,447) NM (1,447) NM Other income 95 208 175 (113) (54.3) (80) (45.7) Total noninterest income $ 84 $ 1,644 $ 1,558 $ (1,560) (94.9) $ (1,474) (94.6) Securities losses 1,447 — — Loss on RAC loan sale 66 — — Adjusted noninterest income(1) $ 1,597 $ 1,644 $ 1,558 $ (47) (2.9) % $ 39 2.5 % (1) Adjusted noninterest income is a non-GAAP measure that 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. Noninterest income was down $1.6 billion compared to the second quarter of 2026, and down $1.5 billion compared to the third quarter of 2025 . The third quarter of 2026 included losses from AFS securities sales of $1.4 billion and losses associated with the RAC loan sale of $66 million (other income). For both periods: • Wealth management income increased primarily reflecting favorable market performance. • Other income decreased primarily due to the losses associated with the RAC loan sale and lower returns from investments held for post-retirement benefits (which were offset by lower personnel expense). Investment banking and trading income decreased compared to the second quarter of 2026 , primarily due to lower trading income. Noninterest Expense Quarter Ended Change (Dollars in millions) 3Q26 2Q26 3Q25 Link Quarter Like Quarter Personnel expense $ 1,853 $ 1,792 $ 1,748 $ 61 3.4 % $ 105 6.0 % Professional fees and outside processing 365 335 346 30 9.0 19 5.5 Software expense 254 239 233 15 6.3 21 9.0 Net occupancy expense 180 171 185 9 5.3 (5) (2.7) Equipment expense 77 79 90 (2) (2.5) (13) (14.4) Marketing and customer development 83 91 79 (8) (8.8) 4 5.1 Amortization of intangibles 62 63 72 (1) (1.6) (10) (13.9) Regulatory costs 61 61 32 — — 29 90.6 Other expense 170 224 229 (54) (24.1) (59) (25.8) Total noninterest expense $ 3,105 $ 3,055 $ 3,014 $ 50 1.6 $ 91 3.0 RAC loan sale cost (40) — — Adjusted noninterest expense(1) $ 3,065 $ 3,055 $ 3,014 $ 10 0.3 % $ 51 1.7 % (1) Adjusted noninterest expense is a non-GAAP measure that 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. Noninterest expense was up $50 million compared to the second quarter of 2026 , and up $91 million compared to the third quarter of 2025 . Noninterest expense was stable compared to the second quarter of 2026 , excluding $40 million of RAC loan sale costs. For both periods: • Personnel expense increased primarily due to higher employee benefit expenses, including costs associated with the RAC loan sale , partially offset by lower post-retirement benefit expense (which was offset by lower other income) . Additionally, higher incentive expense related to revenue generating businesses contributed to the increase in personnel expense compared to the third quarter of 2025. • Professional fees and outside processing expense increased primarily due to continued investment in technology infrastructure. • Other expense decreased primarily driven by adjustments to non-fraud operating loss accruals. - 3 -
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Provision for Income Taxes Quarter Ended Change (Dollars in millions) 3Q26 2Q26 3Q25 Link Quarter Like Quarter Provision for income taxes $ 96 $ 262 $ 285 $ (166) (63.4) % $ (189) (66.3) % Effective tax rate 10.7 % 14.4 % 16.4 % (370) bps (570) bps The lower effective tax rate for the third quarter of 2026 compared to the second quarter of 2026 and the third quarter of 2025 was primarily driven by lower income before tax resulting from the AFS securities repositioning, which increased the relative benefit of tax credits and other tax-advantaged items on the effective tax rate. Average Loans and Leases (Dollars in millions) 3Q26 2Q26 Change % Change Commercial: Commercial and industrial $ 165,989 $ 168,817 $ (2,828) (1.7) % CRE 25,493 24,938 555 2.2 Commercial construction 7,515 7,455 60 0.8 Total commercial 198,997 201,210 (2,213) (1.1) Consumer: Residential mortgage 57,286 56,342 944 1.7 Home equity 9,663 9,656 7 0.1 Indirect auto 21,406 24,430 (3,024) (12.4) Other consumer 33,360 32,661 699 2.1 Total consumer 121,715 123,089 (1,374) (1.1) Credit card 4,811 4,863 (52) (1.1) Total loans and leases held for investment $ 325,523 $ 329,162 $ (3,639) (1.1) Average loans and leases HFI were $325.5 billion, a decrease of $3.6 billion, or 1.1%, compared to the second quarter of 2026. • Average commercial loans decreased 1.1% primarily due to a decrease in the commercial and industrial portfolio. • Average consumer loans decreased 1.1% primarily due to a decline in the indirect auto portfolio which was impacted by the RAC loan sale, partially offset by an increase in the residential mortgage portfolio. End of period loans and leases HFI were $323.9 billion, down $5.9 billion, or 1.8%, compared to June 30, 2026 , primarily due to the RAC loan sale in the third quarter of 2026 and a decline in the commercial and industrial portfolio, partially offset by an increase in the residential mortgage portfolio. Average Deposits (Dollars in millions) 3Q26 2Q26 Change % Change Noninterest-bearing deposits $ 102,954 $ 103,620 $ (666) (0.6) % Interest checking 131,507 123,556 7,951 6.4 Money market and savings 137,166 136,423 743 0.5 Time deposits 39,072 41,270 (2,198) (5.3) Total deposits $ 410,699 $ 404,869 $ 5,830 1.4 Average deposits for the third quarter of 2026 were $410.7 billion, up $5.8 billion, or 1.4%, compared to the second quarter of 2026 , driven by an increase in interest checking . Average noninterest-bearing deposits decreased 0.6% compared to the second quarter of 2026 and represented 25.1% of total deposits for the third quarter of 2026 and 25.6% for the second quarter of 2026. End of period deposits were $413.2 billion, up $3.9 billion, or 0.9%, compared to June 30, 2026, primarily due to an increase in interest checking deposits, partially offset by a decline in time deposits and noninterest-bearing deposits. - 4 -
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Capital Ratios 3Q26 2Q26 1Q26 4Q25 3Q25 Risk-based: (preliminary) CET1 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 9.6 9.8 9.9 10.0 10.2 Supplementary leverage 8.0 8.2 8.3 8.3 8.5 Capital ratios remain strong relative to the regulatory requirements for well-capitalized banks. Truist’s CET1 ratio was 10.7% as of September 30, 2026 , down 20 basis points compared to June 30, 2026 , primarily due to capital returned to shareholders and the repositioning of the AFS securities portfolio, partially offset by current quarter earnings and benefits from the RAC loan sale. Truist declared common dividends of $0.52 per share during the third quarter of 2026 and repurchased $1.2 billion of common stock. Truist’s average consolidated LCR was 110% for the three months ended September 30, 2026 , compared to the regulatory minimum of 100%. - 5 -
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Asset Quality (Dollars in millions) 3Q26 2Q26 1Q26 4Q25 3Q25 Total nonperforming assets $ 1,338 $ 1,748 $ 1,785 $ 1,633 $ 1,629 Total loans 90 days or more past due and still accruing 703 698 760 684 584 Total loans 30-89 days past due and still accruing 1,512 1,774 1,743 1,980 1,743 Nonperforming loans and leases as a percentage of loans and leases HFI 0.40 % 0.51 % 0.50 % 0.48 % 0.48 % Loans 90 days or more past due and still accruing as a percentage of loans and leases HFI 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 HFI, 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 HFI 0.47 0.54 0.53 0.60 0.54 ALLL as a percentage of loans and leases HFI 1.25 1.51 1.53 1.53 1.54 Ratio of ALLL to NCO (annualized)(1) 1.6x 3.0x 2.5x 2.7x 3.3x Ratio of ALLL to nonperforming loans and leases HFI 3.1x 2.9x 3.1x 3.2x 3.2x (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 of net charge-offs prior to their transfer to LHFS, for the three months ended September 30, 2026. Nonperforming assets totaled $1.3 billion at September 30, 2026 , down $410 million compared to June 30, 2026 , primarily due to the RAC loan sale, partially offset by an increase in the commercial and industrial portfolio. Nonperforming loans and leases were 0.40% of loans and leases HFI at September 30, 2026 , down eleven basis points compared to June 30, 2026. The ACL was $4.4 billion at September 30, 2026 , and included $4.1 billion for the ALLL and $370 million for the reserve for unfunded commitments. The ALLL ratio at September 30, 2026 was 1.25%, down 26 basis points compared with June 30, 2026 driven by a reserve recapture related to the RAC loan sale. Provision for Credit Losses Quarter Ended Change (Dollars in millions) 3Q26 2Q26 3Q25 Link Quarter Like Quarter Provision (benefit) for credit losses(1) $ (253) $ 395 $ 436 $ (648) (164.1) % $ (689) (158.0) % Net charge-offs(2) 629 414 385 215 51.9 244 63.4 Net charge-offs as a percentage of average loans and leases (annualized) 0.77 % 0.50 % 0.48 % 27 bps 29 bps (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 of net charge-offs prior to their transfer to LHFS, for the three months ended September 30, 2026. The benefit for credit losses was $253 million for the third quarter of 2026, compared with provisions for credit losses of $395 million in the second quarter of 2026 and $436 million for the third quarter of 2025. The third quarter of 2026 reflects the benefit from the release of remaining ACL upon the transfer of RAC loans to loans held for sale. - 6 -
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Earnings Presentation and Quarterly Performance Summary Investors can access the live third quarter 2026 earnings call at 8 a.m. ET today by webcast or dial-in as follows: Webcast: app.webinar.net/BAM6O91OpkL Dial-in: 1-877-883-0383, passcode 2090022 Additional details: The news release and presentation materials are available at ir.truist.com under “Events & Presentations.” A replay of the call will be available on the website for 30 days. The presentation, including an appendix reconciling non-GAAP disclosures, and Truist’s Third Quarter 2026 Quarterly Performance Summary, which contains detailed financial schedules, are available at https://ir.truist.com/ earnings. About Truist Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $554 billion as of September 30, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com. #-#-# Term Definition ACL Allowance for credit losses AFS Available-for-sale AI Artificial intelligence, including machine learning ALLL Allowance for loan and lease losses ATM Automated teller machine BVPS Book value (common equity) per share CEO Chief Executive Officer CET1 Common equity tier 1 CRE Commercial real estate EPS Earnings per common share FDIC Federal Deposit Insurance Corporation FHLB Federal Home Loan Bank GAAP Accounting principles generally accepted in the United States of America GSE U.S. government-sponsored enterprise HFI Held for investment HTM Held-to-maturity LCR Liquidity Coverage Ratio LHFS Loans held for sale Like Quarter Third quarter of 2025 Link Quarter Second quarter of 2026 MBS Mortgage-backed securities MSR Mortgage servicing rights NCO Net charge-offs NIM - TE Net interest margin, computed on a TE basis NM Not meaningful NQDCP Non-Qualified Defined Contribution Plan PPNR Pre-provision net revenue ROA Return on average assets ROCE Return on average common equity ROTCE Return on average tangible common equity TBVPS Tangible book value per common share TE Taxable equivalent Glossary of Defined Terms - 7 -
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Non-GAAP Financial Information This news release contains financial information and performance measures determined by methods other than in accordance with GAAP. Truist’s management uses these “non-GAAP” measures in its analysis of Truist’s performance and the efficiency of its operations. Management believes these non-GAAP measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods, and demonstrate the effects of significant items in the current period. Truist believes a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Below is a listing of the types of non-GAAP measures used in this news release: • Adjusted net income available to common shareholders and adjusted diluted EPS - 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. • Taxable-Equivalent Measures - Taxable-equivalent revenue, taxable-equivalent interest income, taxable-equivalent net interest income, and taxable-equivalent net interest margin include a taxable-equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. 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. • Adjusted revenue - 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. • Adjusted noninterest income and expense - Adjusted noninterest income and expense are non-GAAP measures that exclude selected items. 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. • PPNR - 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. • Tangible Common Equity and Related Measures - Tangible common equity, average tangible common equity, and related measures, including ROTCE, adjusted ROTCE, and TBVPS, are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes, and its related amortization. Adjusted ROTCE is a non-GAAP measure that additionally excludes 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 profitability, returns relative to balance sheet risk, and shareholder value. Truist does not provide reconciliations for forward-looking non-GAAP financial measures because it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of Truist’s control, or cannot be reasonably predicted. For the same reasons, Truist is unable to address the probable significance of the unavailable information. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in this release or Truist’s Third Quarter 2026 Quarterly Performance Summary, which is available at https://ir.truist.com/earnings. - 8 -
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Forward-Looking Statements From time to time we have made, and in the future will make, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “pursue,” “seek,” “continue,” “estimate,” “project,” “outlook,” “forecast,” “potential,” “target,” “objective,” “trend,” “plan,” “goal,” “initiative,” “priorities,” or other words of comparable meaning or future-tense or conditional verbs such as “may,” “will,” “should,” “would,” or “could.” Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, or results. These statements include, among other things, statements regarding Truist’s near- and long-term ROTCE targets and its confidence in its ability to deliver against those targets. This news release, including any information incorporated by reference herein, contains forward-looking statements. We also may make forward-looking statements in other documents that are filed or furnished with the SEC. In addition, we may make forward-looking statements orally or in writing to investors, analysts, members of the media, and others. All forward-looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, and results may differ materially from those set forth in any forward-looking statement. While no list of assumptions, risks, and uncertainties could be complete, some of the factors that may cause actual results or other future events or circumstances to differ from those in forward-looking statements include: • changes in monetary, fiscal, and trade laws or policies, including tariffs or interest rates; • evolving political, geopolitical, business, social, economic, and market conditions at the local, regional, national, and international levels; • our ability to effectively address economic, business, or market deterioration, slowdowns or disruptions; • disruptions and shifts in investor sentiment or behavior in the securities, capital, or other financial markets, including financial or systemic shocks and volatility or changes in market liquidity, interest or currency rates, or valuations; • changes in business and consumer sentiment, preferences, or behavior, including spending, borrowing, or saving by businesses or households; • negative market perceptions of our investment portfolio or its value; • our ability to manage credit risk, including in connection with the loans that we originate or purchase; • the credit, liquidity, or other financial condition of our clients, counterparties, service providers, or competitors; • our ability to cost-effectively fund our businesses and operations, including by accessing long- and short-term funding and liquidity and by retaining and growing client deposits; • our ability to manage any unexpected outflows of uninsured deposits and, in such a circumstance, to access substitute funding, and avoid selling investment securities or other assets at an unfavorable time or at a loss; • changes in our credit ratings and the related effects on our funding costs, ability to attract or retain funding, and relationships with clients and counterparties; • any instability or breakdown in the financial system, including as a result of the actual or perceived soundness of another financial institution or another participant in the financial system; • our ability to maintain secure and functional financial, accounting, technology, data processing, or other operating systems or infrastructure, including those that safeguard personal and other sensitive information; • our ability to keep pace with changes in technology, including technology-driven products and services relating to AI, that affect us or our clients, counterparties, service providers, or competitors or to maintain rights or interests in associated intellectual property; • our ability to manage system failures or disruptions affecting operations, communications, or other systems or processes; • our ability to identify, assess, monitor, and mitigate physical-security and cybersecurity risks, including denial-of-service attacks, hacking, phishing, social- engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, AI-driven cyberattacks, environmental conditions, and intentional acts of destruction; • the performance, availability, and resilience of third-party service providers on whom we rely in delivering products and services to our clients and otherwise in conducting our business and operations; • the adequacy and effectiveness of our corporate governance, risk-management framework, compliance programs, and internal controls over financial reporting, including our ability to identify, assess, monitor, and mitigate risks, remediate lapses or deficiencies in financial reporting, and make appropriate estimates; • our ability to develop, maintain, and market our products or services and to manage risks and unanticipated costs or liabilities associated with those products or services; • our ability to satisfactorily and profitably perform loan servicing and similar obligations; • the legal, regulatory, and supervisory environment, including changes in financial services legislation, regulation, policies, or government leadership or personnel; • U.S. and international regulatory capital and liquidity requirements and standards and their effects on our capital and liquidity levels, ratios, buffers, and targets, and our ability to pay or increase dividends, repurchase shares, or take other capital actions; • our ability to address scrutiny and expectations from supervisory or other governmental authorities and to timely and credibly remediate related concerns or deficiencies; • judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings that create uncertainty for or are adverse to us or the financial services industry; • the outcomes of judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings to which we are or may be subject (either directly or indirectly through our ownership interests in other entities) and our ability to absorb and address any damages or other remedies that are sought or awarded and any collateral consequences; • our ability to implement strategic and operational plans, including with respect to allocating capital and resources to our highest value opportunities, becoming the most important financial partner to our clients, and executing with urgency, discipline, and accountability; • our ability to innovate, to anticipate the needs of current or future clients, or to make timely and effective technology investments and enhancements to meet client expectations; • our ability to compete successfully, to increase or maintain market share in changing competitive environments, or to address pricing or other competitive pressures, including competition from banks and nonbanks and the effects of digital assets, cryptocurrencies, stablecoins, tokenization, and other emerging products, services, and technologies relating to deposits, lending, and payments; • changes in our corporate and business strategies, the composition of our assets, or the way in which we fund those assets; • our ability to successfully make and integrate acquisitions and to effect divestitures, which may include regulatory approvals and conditions; • the efficacy of our methods or models in assessing business strategies or opportunities or in valuing, measuring, estimating, monitoring, or managing positions or risk; • evolving accounting standards and policies and related changes to interpretations; • damage to our brand or negative public opinion or adverse publicity affecting us, our leaders, or our service providers, including the impact on our relationships with clients, teammates, and other stakeholders; • our ability to attract, hire, and retain key teammates and to engage in adequate succession planning; • our ability to identify, assess, monitor, and mitigate the risk of fraud or misconduct by internal or external parties, including potential losses that may result; • policies and other actions of governments to manage and mitigate climate and related environmental risks, and the effects of climate change or the transition to a lower-carbon economy on our business, operations, and reputation; • natural or other disasters, calamities, and conflicts, including terrorist events, cyber-warfare, and pandemics that impact us or our clients, teammates, or service providers; and • other assumptions, risks, or uncertainties described in the Company’s Annual Report on Form 10-K or subsequent reports. Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, or Current Report on Form 8-K. - 9 -
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Quarterly Performance Summary Truist Financial Corporation Third 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 9 Capital Information 10 Selected Mortgage Banking Information & Additional Information 11 Non-GAAP Reconciliations 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 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 -
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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) 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 -
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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 -
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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 -
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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 % (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. - 5 -
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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 -
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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 -
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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) 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 -
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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 -
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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) 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 -
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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) 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 -
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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. - 12 -
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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. - 13 -