TFC · Truist Financial Corporation

Truist delivered a materially stronger first quarter 2026, with net income available to common shareholders rising 25% year-over-year to $1.38 billion ($1.09 diluted EPS), driven by disciplined execution across its commercial and wealth franchises and high-quality loan growth. Revenue–TE declined modestly (1.9%) quarter-over-quarter due to two fewer days and deposit mix shifts, but grew 2.5% year-over-year, supported by $21.4 billion in average loan growth (7.0%) — primarily in commercial and industrial and CRE portfolios — partially offset by securities runoff. Net interest margin–TE held steady at 3.02% year-over-year (+1 bp), though it declined 5 bps sequentially due to loan repricing pressure; the yield on average loans fell 26 bps YoY to 5.71%, while the average cost of deposits dropped 24 bps to 1.55%. Noninterest income rose 11.6% YoY to $1.55 billion, led by a 36.3% surge in investment banking and trading income and higher wealth management fees. Noninterest expense fell 5.9% QoQ to $2.98 billion, aided by lower other expense and personnel costs, though rose 2.6% YoY due to hiring-related compensation. Asset quality remained robust: NCO ratio was stable at 61 bps, ALLL ratio flat at 1.53%, and nonperforming loans rose only 2 bps to 0.50%. Capital levels were resilient — CET1 ratio held at 10.8% despite $1.8 billion in capital returns — and management announced an elevated long-term ROTCE target of 16%–18%, underscoring confidence in the scalability and durability of its strategy. The CEO Commentary explicitly ties results to client acquisition, market expansion, and technology investment, positioning Truist for sustained profitability improvement.