[Financial Highlights](index=3&type=section&id=Financial%20Highlights) Q3 2025 highlights show increased net income, diluted EPS, return on average assets, and nonperforming loans, with decreased total deposits Summary Income Statement (Dollars in millions, except per share data) | Metric | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | | :------------------------------------- | :------------- | :------------ | :------------- | | Net interest income | $3,629 | $3,587 | $3,507 | | Noninterest income | $1,558 | $1,400 | $1,392 | | Noninterest expense | $3,014 | $2,986 | $2,906 | | Net income available to common shareholders | $1,348 | $1,180 | $1,157 | | Earnings per share-diluted from continuing operations | $1.04 | $0.90 | $0.87 | | Revenue - taxable equivalent | $5,238 | $5,035 | $4,947 | | Return on average assets | 1.06 % | 0.93 % | 0.96 % | | Return on average common shareholders' equity | 9.0 % | 8.1 % | 8.1 % | | Net interest margin - taxable equivalent | 3.01 % | 3.02 % | 3.01 % | | Efficiency ratio-adjusted | 55.7 % | 57.1 % | 56.4 % | Key Balance Sheet Metrics (Dollars in millions) | Metric | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | | :-------------------------- | :------------- | :------------ | :------------- | | Total Assets | $543,851 | $543,833 | $535,899 | | Loans and leases | $325,663 | $319,999 | $309,752 | | Deposits | $394,907 | $406,122 | $403,736 | | Common shareholders' equity | $59,739 | $58,933 | $58,728 | | Common equity tier 1 ratio | 11.0 % | 11.0 % | 11.3 % | | Liquidity coverage ratio | 110 % | 110 % | 111 % | Credit Quality Indicators | Metric | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | | :------------------------------------------------- | :------------- | :------------ | :------------- | | Nonperforming loans and leases as % of LHFI | 0.48 % | 0.39 % | 0.48 % | | Net charge-offs as % of average LHFI | 0.48 % | 0.51 % | 0.60 % | | Allowance for loan and lease losses as % of LHFI | 1.54 % | 1.54 % | 1.58 % | | Ratio of allowance for loan and lease losses to nonperforming LHFI | 3.2x | 3.9x | 3.3x | [Consolidated Statements of Income](index=5&type=section&id=Consolidated%20Statements%20of%20Income) Q3 2025 Consolidated Statements of Income show increased interest and noninterest income, driven by investment banking, resulting in higher net income Consolidated Statements of Income (Dollars in millions) | Item | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | | :------------------------------------------ | :------------- | :------------ | :------------- | :------------ | :------------- | | Total interest income | $6,286 | $6,154 | $5,988 | $6,179 | $6,352 | | Total interest expense | $2,657 | $2,567 | $2,481 | $2,589 | $2,750 | | Net Interest Income | $3,629 | $3,587 | $3,507 | $3,590 | $3,602 | | Provision for credit losses | $436 | $488 | $458 | $471 | $448 | | Total noninterest income | $1,558 | $1,400 | $1,392 | $1,470 | $1,483 | | Total noninterest expense | $3,014 | $2,986 | $2,906 | $3,035 | $2,927 | | Net income available to common shareholders | $1,348 | $1,180 | $1,157 | $1,216 | $1,336 | | Earnings per share-diluted | $1.04 | $0.90 | $0.87 | $0.91 | $0.99 | - **Investment banking and trading income significantly increased to $323 million** in Q3 2025 from $205 million in Q2 2025, contributing to the rise in total noninterest income[6](index=6&type=chunk) - **Personnel expense, the largest component of noninterest expense, increased to $1,726 million** in Q3 2025 from $1,653 million in Q2 2025[6](index=6&type=chunk) [Consolidated Ending Balance Sheets - Five Quarter Trend](index=6&type=section&id=Consolidated%20Ending%20Balance%20Sheets) Q3 2025 consolidated balance sheet shows stable total assets, increased loans and leases, decreased deposits, and higher shareholders' equity Consolidated Ending Balance Sheets (Dollars in millions) | Item | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | | :------------------------------------------ | :------------- | :------------ | :------------- | :------------ | :------------- | | Total assets | $543,851 | $543,833 | $535,899 | $531,176 | $523,434 | | Total loans and leases | $325,663 | $319,999 | $309,752 | $307,771 | $304,362 | | Total deposits | $394,907 | $406,122 | $403,736 | $390,524 | $387,778 | | Total liabilities | $478,205 | $478,993 | $471,264 | $467,497 | $457,738 | | Total shareholders' equity | $65,646 | $64,840 | $64,635 | $63,679 | $65,696 | | Noninterest-bearing deposits | $106,197 | $106,442 | $108,461 | $107,451 | $105,984 | | Interest checking deposits | $109,827 | $118,122 | $118,043 | $109,042 | $109,493 | | Money market and savings deposits | $135,931 | $133,891 | $136,777 | $137,307 | $134,349 | | Time deposits | $42,952 | $47,667 | $40,455 | $36,724 | $37,952 | - **Commercial and industrial loans increased to $163,607 million** in Q3 2025 from $162,273 million in Q2 2025[7](index=7&type=chunk) - **Securities available for sale at fair value decreased to $65,522 million** in Q3 2025 from $66,390 million in Q2 2025[7](index=7&type=chunk) [Average Balances and Rates](index=7&type=section&id=Average%20Balances%20and%20Rates) This section analyzes average balances and associated yields/rates for earning assets and interest-bearing liabilities [Average Balances and Rates - Quarters](index=7&type=section&id=Average%20Balances%20and%20Rates%20-%20Quarters) This section details quarterly average balances and yields for earning assets and interest-bearing liabilities, showing increased assets and rates, with a minor decrease in net interest margin Average Balances and Rates - Quarters (Dollars in millions) | Item | Sept. 30, 2025 (Avg Balances / Yields/Rates) | June 30, 2025 (Avg Balances / Yields/Rates) | March 31, 2025 (Avg Balances / Yields/Rates) | | :------------------------------------------ | :------------------------------------------ | :------------------------------------------ | :------------------------------------------ | | Total earning assets | $486,006 / 5.18 % | $480,983 / 5.16 % | $476,214 / 5.12 % | | Total loans and leases | $322,070 / 6.00 % | $313,841 / 6.01 % | $307,528 / 5.97 % | | Total interest-bearing liabilities | $359,103 / 2.94 % | $354,251 / 2.91 % | $349,059 / 2.88 % | | Total interest-bearing deposits | $290,849 / 2.50 % | $293,797 / 2.52 % | $286,309 / 2.46 % | | Net interest income - taxable equivalent | $3,680 / 3.01 % | $3,635 / 3.02 % | $3,555 / 3.01 % | - The average interest-rate spread increased slightly to **2.24% in Q3 2025** from **2.25% in Q2 2025**[9](index=9&type=chunk) [Average Balances and Rates - Year-To-Date](index=8&type=section&id=Average%20Balances%20and%20Rates%20-%20Year-To-Date) This section compares year-to-date average balances and rates for earning assets and interest-bearing liabilities, showing increased assets and loans with decreased yields, and increased liabilities with decreased rates, resulting in a stable net interest margin Average Balances and Rates - Year-to-Date (Dollars in millions) | Item | Sept. 30, 2025 (Avg Balances / Yields/Rates) | Sept. 30, 2024 (Avg Balances / Yields/Rates) | | :------------------------------------------ | :------------------------------------------ | :------------------------------------------ | | Total earning assets | $481,104 / 5.15 % | $472,237 / 5.38 % | | Total loans and leases | $314,533 / 5.99 % | $307,186 / 6.41 % | | Total interest-bearing liabilities | $354,175 / 2.91 % | $341,517 / 3.28 % | | Total interest-bearing deposits | $290,335 / 2.49 % | $279,609 / 2.86 % | | Net interest income - taxable equivalent | $10,870 / 3.01 % | $10,662 / 3.01 % | - The year-to-date average interest-rate spread for Sept. 30, 2025, was **2.24%**, an increase from **2.10%** for Sept. 30, 2024[11](index=11&type=chunk) [Credit Quality](index=9&type=section&id=Credit%20Quality) This section overviews credit quality, detailing trends in nonperforming assets, past due loans, asset quality ratios, and the allowance for credit losses [Nonperforming Assets](index=9&type=section&id=Nonperforming%20Assets) This section outlines the trend in nonperforming assets, showing a Q3 2025 increase driven by a significant rise in nonaccrual commercial and industrial loans Nonperforming Assets (Dollars in millions) | Item | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | | :------------------------------------------ | :------------- | :------------ | :------------- | :------------ | :------------- | | Total nonaccrual loans and leases | $1,571 | $1,263 | $1,565 | $1,429 | $1,472 | | Commercial and industrial nonaccrual loans | $800 | $520 | $586 | $521 | $575 | | Total nonperforming assets | $1,629 | $1,316 | $1,618 | $1,477 | $1,528 | [Loans 90 Days or More Past Due and Still Accruing](index=9&type=section&id=Loans%2090%20Days%20or%20More%20Past%20Due%20and%20Still%20Accruing) This section details loans significantly past due but still accruing interest, showing a Q3 2025 increase driven by government-guaranteed residential mortgage loans Loans 90 Days or More Past Due and Still Accruing (Dollars in millions) | Item | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | | :------------------------------------------ | :------------- | :------------ | :------------- | :------------ | :------------- | | Total loans 90 days past due and still accruing | $584 | $546 | $616 | $587 | $518 | | Residential mortgage - government guaranteed | $438 | $424 | $468 | $430 | $394 | [Loans 30-89 Days Past Due](index=9&type=section&id=Loans%2030-89%20Days%20Past%20Due) This section presents data on early-stage delinquencies (30-89 days past due loans), showing a Q3 2025 decrease in total loans but an increase in indirect auto loans Loans 30-89 Days Past Due (Dollars in millions) | Item | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | | :------------------------------------------ | :------------- | :------------ | :------------- | :------------ | :------------- | | Total loans 30-89 days past due | $1,743 | $1,811 | $1,619 | $1,949 | $1,769 | | Indirect auto loans 30-89 days past due | $620 | $582 | $484 | $622 | $596 | | Residential mortgage - nonguaranteed 30-89 days past due | $344 | $365 | $347 | $401 | $366 | [Asset Quality Ratios](index=10&type=section&id=Asset%20Quality%20Ratios) This section presents key asset quality ratios, indicating stable nonperforming loans, decreased net charge-offs, and a reduced coverage ratio of allowance for loan losses to nonperforming loans Asset Quality Ratios | Ratio | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | | :------------------------------------------------- | :------------- | :------------ | :------------- | :------------ | :------------- | | Loans 30-89 days past due and still accruing as a % of loans and leases | 0.54 % | 0.57 % | 0.52 % | 0.64 % | 0.58 % | | Nonperforming loans and leases as a % of loans and leases | 0.48 % | 0.39 % | 0.48 % | 0.47 % | 0.48 % | | Net charge-offs as a % of average loans and leases | 0.48 % | 0.51 % | 0.60 % | 0.59 % | 0.55 % | | Allowance for loan and lease losses as a % of loans and leases | 1.54 % | 1.54 % | 1.58 % | 1.59 % | 1.60 % | | Ratio of allowance for loan and lease losses to nonperforming loans and leases | 3.2X | 3.9X | 3.3X | 3.4X | 3.3X | Asset Quality Ratios (Year-to-Date) | Ratio | Period Ended Sept. 30, 2025 | Period Ended Sept. 30, 2024 | | :------------------------------------------ | :-------------------------- | :-------------------------- | | Net charge-offs as a % of average loans and leases | 0.53 % | 0.59 % | | Ratio of allowance for loan and lease losses to net charge-offs | 3.0X | 2.7X | [Allowance for Credit Losses](index=11&type=section&id=Allowance%20for%20Credit%20Losses) This section details the allowance for credit losses, showing an increased Q3 2025 ending balance, with decreased provision for credit losses and total net charge-offs, particularly in commercial and industrial, and credit card categories Allowance for Credit Losses (Dollars in millions) | Item | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | | :------------------------------------------ | :------------- | :------------ | :------------- | :------------ | :------------- | | Beginning balance | $5,253 | $5,166 | $5,161 | $5,140 | $5,110 | | Provision for credit losses | $436 | $488 | $458 | $471 | $448 | | Total charge-offs | $(480) | $(506) | $(557) | $(553) | $(528) | | Total recoveries | $95 | $110 | $103 | $100 | $110 | | Net charge-offs | $(385) | $(396) | $(454) | $(453) | $(418) | | Ending balance | $5,305 | $5,253 | $5,166 | $5,161 | $5,140 | | Allowance for loan and lease losses | $4,988 | $4,899 | $4,870 | $4,857 | $4,842 | | Reserve for unfunded lending commitments (RUFC) | $317 | $354 | $296 | $304 | $298 | Net Charge-offs as a Percentage of Average Loans and Leases | Category | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | | :-------------------------- | :------------- | :------------ | :------------- | :------------ | :------------- | | Commercial and industrial | 0.19 % | 0.22 % | 0.20 % | 0.27 % | 0.18 % | | CRE | 0.44 % | 0.71 % | 1.29 % | 0.66 % | 1.12 % | | Indirect auto | 1.99 % | 1.63 % | 2.26 % | 2.33 % | 1.89 % | | Credit card | 3.13 % | 4.84 % | 5.21 % | 5.10 % | 5.04 % | | Total loans and leases | 0.48 % | 0.51 % | 0.60 % | 0.59 % | 0.55 % | [Segment Financial Performance - Preliminary](index=12&type=section&id=Segment%20Financial%20Performance) This section overviews preliminary financial performance across Consumer and Small Business Banking, Wholesale Banking, and Other, Treasury & Corporate segments [Consumer and Small Business Banking](index=12&type=section&id=Consumer%20and%20Small%20Business%20Banking) The Consumer and Small Business Banking segment reported increased Q3 2025 net income, driven by growth in net interest and noninterest income, despite higher allocated provision for credit losses Consumer and Small Business Banking Performance (Dollars in millions) | Item | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | | :------------------------------------------ | :------------- | :------------ | :------------- | :------------ | :------------- | | Segment net interest income (expense) | $2,452 | $2,358 | $2,284 | $2,495 | $2,530 | | Noninterest income | $530 | $519 | $503 | $535 | $506 | | Allocated provision for credit losses | $400 | $384 | $328 | $347 | $353 | | Total noninterest expense | $1,704 | $1,699 | $1,663 | $1,741 | $1,663 | | Segment net income (loss) | $663 | $601 | $602 | $715 | $776 | [Wholesale Banking](index=12&type=section&id=Wholesale%20Banking) The Wholesale Banking segment showed strong Q3 2025 performance with substantially increased net income, driven by a significant rise in noninterest income and a notable decrease in allocated provision for credit losses, while net interest income remained stable Wholesale Banking Performance (Dollars in millions) | Item | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | | :------------------------------------------ | :------------- | :------------ | :------------- | :------------ | :------------- | | Segment net interest income (expense) | $1,669 | $1,664 | $1,596 | $1,601 | $1,589 | | Noninterest income | $1,143 | $943 | $948 | $1,038 | $1,047 | | Allocated provision for credit losses | $36 | $104 | $131 | $123 | $96 | | Total noninterest expense | $1,319 | $1,334 | $1,308 | $1,303 | $1,240 | | Segment net income (loss) | $1,150 | $933 | $884 | $973 | $1,040 | [Other, Treasury & Corporate](index=12&type=section&id=Other%2C%20Treasury%20%26%20Corporate) The Other, Treasury & Corporate segment reported an increased Q3 2025 net loss, primarily due to higher negative net interest income and larger negative noninterest income Other, Treasury & Corporate Performance (Dollars in millions) | Item | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | | :------------------------------------------ | :------------- | :------------ | :------------- | :------------ | :------------- | | Segment net interest income (expense) | $(492) | $(435) | $(373) | $(506) | $(517) | | Noninterest income | $(115) | $(62) | $(59) | $(103) | $(70) | | Total noninterest expense | $(9) | $(47) | $(65) | $(9) | $24 | | Segment net income (loss) | $(361) | $(294) | $(225) | $(399) | $(377) | [Total Truist Financial Corporation](index=12&type=section&id=Total%20Truist%20Financial%20Corporation) This section summarizes Truist Financial Corporation's consolidated performance, showing increased Q3 2025 net income from continuing operations, driven by growth in net interest and noninterest income, despite higher total noninterest expense Total Truist Financial Corporation Performance (Dollars in millions) | Item | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | | :------------------------------------------ | :------------- | :------------ | :------------- | :------------ | :------------- | | Net interest income (expense) | $3,629 | $3,587 | $3,507 | $3,590 | $3,602 | | Noninterest income | $1,558 | $1,400 | $1,392 | $1,470 | $1,483 | | Provision for credit losses | $436 | $488 | $458 | $471 | $448 | | Total noninterest expense | $3,014 | $2,986 | $2,906 | $3,035 | $2,927 | | Net Income from continuing operations | $1,452 | $1,240 | $1,261 | $1,289 | $1,439 | [Capital Information - Five Quarter Trend](index=13&type=section&id=Capital%20Information) This section analyzes five-quarter trends in key capital metrics, including capital ratios, risk-weighted assets, and tangible common equity [Selected Capital Information](index=13&type=section&id=Selected%20Capital%20Information) This section presents key capital adequacy metrics, showing stable Common Equity Tier 1 and Leverage ratios in Q3 2025, alongside increased risk-weighted assets and common equity per share Selected Capital Information (Dollars in millions, except per share data) | Item | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | | :------------------------------------------ | :------------- | :------------ | :------------- | :------------ | :------------- | | Common equity tier 1 | $48,031 | $47,678 | $47,767 | $48,225 | $48,076 | | Total risk-weighted assets | $438,467 | $434,609 | $424,059 | $418,337 | $414,828 | | Common equity tier 1 ratio | 11.0 % | 11.0 % | 11.3 % | 11.5 % | 11.6 % | | Leverage capital ratio | 10.2 % | 10.2 % | 10.3 % | 10.5 % | 10.8 % | | Common equity per common share | $46.70 | $45.70 | $44.85 | $43.90 | $44.46 | [Calculations of Tangible Common Equity and Related Measures](index=13&type=section&id=Calculations%20of%20Tangible%20Common%20Equity%20and%20Related%20Measures) This section details tangible common equity (non-GAAP) and related ratios, showing increased tangible common equity and per share amounts in Q3 2025, while its percentage of tangible assets remained stable Tangible Common Equity and Related Measures (Dollars in millions, except per share data) | Item | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | | :------------------------------------------ | :------------- | :------------ | :------------- | :------------ | :------------- | | Total shareholders' equity | $65,646 | $64,840 | $64,635 | $63,679 | $65,696 | | Intangible assets, net of deferred taxes | $18,076 | $18,143 | $18,203 | $18,274 | $18,350 | | Tangible common equity | $41,663 | $40,790 | $40,525 | $39,498 | $40,673 | | Tangible common equity per common share | $32.57 | $31.63 | $30.95 | $30.01 | $30.64 | | Tangible assets | $525,775 | $525,690 | $517,696 | $512,902 | $505,084 | | Tangible common equity as a percentage of tangible assets | 7.9 % | 7.8 % | 7.8 % | 7.7 % | 8.1 % | [Selected Mortgage Banking Information & Additional Information](index=14&type=section&id=Selected%20Mortgage%20Banking%20Information%20%26%20Additional%20Information) This section provides selected mortgage banking data, including income components and servicing portfolio details, alongside additional operational information [Mortgage Banking Income](index=14&type=section&id=Mortgage%20Banking%20Income) This section details mortgage banking income components, showing an overall Q3 2025 increase, driven by growth in residential and commercial mortgage income, primarily from improved production revenue and MSR valuation Mortgage Banking Income (Dollars in millions) | Item | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | | :------------------------------------------ | :------------- | :------------ | :------------- | :------------ | :------------- | | Total residential mortgage income | $105 | $98 | $102 | $103 | $98 | | Residential mortgage production revenue | $22 | $25 | $19 | $25 | $25 | | Net MSRs valuation (residential) | $9 | $1 | $(4) | $(5) | $(7) | | Total commercial mortgage income | $13 | $9 | $6 | $14 | $8 | | Commercial mortgage production revenue | $10 | $6 | $2 | $12 | $6 | | Total mortgage banking income | $118 | $107 | $108 | $117 | $106 | [Other Mortgage Banking Information](index=14&type=section&id=Other%20Mortgage%20Banking%20Information) This section provides supplementary mortgage banking data, indicating decreased residential mortgage loan originations but an increased total mortgage servicing portfolio in Q3 2025 Other Mortgage Banking Information (Dollars in millions) | Item | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | | :------------------------------------------ | :------------- | :------------ | :------------- | :------------ | :------------- | | Residential mortgage loan originations | $4,743 | $5,855 | $3,626 | $4,745 | $3,726 | | Total servicing portfolio | $279,670 | $270,750 | $271,268 | $273,412 | $275,424 | | Loans serviced for others | $221,274 | $213,002 | $216,148 | $218,475 | $221,143 | | Bank-owned loans serviced | $58,396 | $57,748 | $55,120 | $54,937 | $54,281 | [Additional Information](index=14&type=section&id=Additional%20Information) This section provides supplementary operational and financial data, indicating decreased brokered deposits and ATMs, stable banking offices, and increased FTEs in Q3 2025 Additional Information (Dollars in millions, except per share data) | Item | Sept. 30, 2025 | June 30, 2025 | March 31, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | | :------------------------------------------ | :------------- | :------------ | :------------- | :------------ | :------------- | | Brokered deposits | $28,423 | $30,008 | $27,585 | $28,085 | $27,671 | | Common stock prices (End of period) | $45.72 | $42.99 | $41.15 | $43.38 | $42.77 | | Banking offices | 1,927 | 1,927 | 1,928 | 1,928 | 1,930 | | ATMs | 2,837 | 2,847 | 2,861 | 2,901 | 2,928 | | FTEs | 38,534 | 37,996 | 37,529 | 37,661 | 37,867 | [Selected Items](index=15&type=section&id=Selected%20Items) This section outlines the financial impact of selected items on pre-tax income, after-tax income, and diluted EPS, highlighting recurring restructuring charges and significant gains/losses from prior asset sales Selected Items Impact (Dollars in millions, except per share data) | Description | Quarter Ended | Pre-Tax | After-Tax at Marginal Rate | Impact to Diluted EPS | | :------------------------------------------ | :------------ | :------ | :------------------------- | :-------------------- | | Restructuring charges | Sept. 30, 2025 | $(27) | $(21) | $(0.02) | | Restructuring charges | June 30, 2025 | $(28) | $(21) | $(0.02) | | Loss on sale of securities | June 30, 2025 | $(18) | $(13) | $(0.01) | | Restructuring charges | March 31, 2025 | $(38) | $(29) | $(0.02) | | Gain on sale of TIH | Sept. 30, 2024 | $36 | $16 | $0.01 | | Gain on sale of TIH | June 30, 2024 | $6,903 | $4,814 | $3.60 | | Loss on sale of securities | June 30, 2024 | $(6,650) | $(5,089) | $(3.80) |

Core Insights - Truist Financial Corporation reported its third quarter 2025 results, with a live earnings call accessible to investors [1] - The company is a purpose-driven financial services provider with a strong market presence in high-growth U.S. markets [2] - Truist has total assets of $544 billion as of September 30, 2025, making it a top-10 commercial bank [2] Financial Performance - The third quarter 2025 earnings release and detailed financial schedules are available on Truist's Investor Relations website [1] - A replay of the earnings call will be accessible for 30 days following the live event [1] Company Overview - Truist offers a wide range of financial products and services, including consumer and small business banking, commercial and corporate banking, investment banking, and wealth management [2] - The company is headquartered in Charlotte, North Carolina, and emphasizes its commitment to building better lives and communities [2] Recent Developments - Truist announced the redemption of $750 million in senior notes due October 2026 [3] - The company has made executive hires to enhance its Commercial and Corporate Banking sales efforts [4]

Core Insights - U.S. stock futures are trading lower, indicating a cautious market sentiment ahead of key earnings reports [1] Company Earnings and Performance - Slb NV (NYSE:SLB) is expected to report quarterly earnings of $0.66 per share on revenue of $8.97 billion [2] - CSX Corp. (NASDAQ:CSX) reported third-quarter revenue of $3.59 billion, exceeding analyst estimates of $3.58 billion, with adjusted earnings of $0.44 per share, beating expectations of $0.43 per share [2] - American Express Co. (NYSE:AXP) is anticipated to post quarterly earnings of $4.00 per share on revenue of $18.05 billion [2] - Truist Financial Corp. (NYSE:TFC) is expected to report quarterly earnings of $1.00 per share on revenue of $5.20 billion [2] Stock Movements - SLB shares fell 0.3% to $32.82 in after-hours trading [2] - CSX shares rose 2.3% to $36.80 in after-hours trading [2] - American Express shares gained 0.5% to $324.58 in after-hours trading [2] - Newsmax Inc. (NYSE:NMAX) shares increased by 1.5% to $10.99 after announcing a $5 million purchase of Bitcoin and Trump Coin [2] - Truist Financial shares gained 0.6% to $41.33 in after-hours trading [2]

Core Points - Truist Financial Corporation announced the redemption of $750 million of its fixed-to-floating rate senior notes due October 28, 2026, on the redemption date of October 28, 2025 [1][2] - The redemption price will be 100% of the principal amount plus accrued and unpaid interest, with interest ceasing to accrue after the redemption date [2] - Truist Financial Corporation is a purpose-driven financial services company with total assets of $544 billion as of June 30, 2025, and offers a wide range of financial products and services [3] Company Overview - Truist Financial Corporation is headquartered in Charlotte, North Carolina, and has a leading market share in high-growth markets in the U.S. [3] - The company provides services through various sectors, including consumer and small business banking, commercial and corporate banking, investment banking, capital markets, wealth management, payments, and specialized lending [3] - Truist is recognized as a top-10 commercial bank in the United States [3]

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Core Insights - Truist Financial (TFC) is set to announce its third-quarter 2025 results on October 17, with expectations of a strong lending environment and improved net interest income (NII) [1][9] Lending and Loan Demand - Demand for commercial and industrial (C&I) loans, which make up nearly 50% of TFC's total loans, was robust in the upcoming quarter, while consumer loan demand, accounting for almost 40%, was also decent [1] - The overall lending scenario in the quarter was impressive, contributing positively to TFC's financial outlook [1] Earnings and Revenue Estimates - The Zacks Consensus Estimate for TFC's average earning assets for Q3 is $485 billion, reflecting a 4% increase from the previous year [2] - The consensus estimate for NII is $3.67 billion, indicating a 1.9% year-over-year rise, with management expecting a sequential increase of 2% [4][9] - The consensus estimate for total sales is pegged at $5.15 billion, suggesting a 1.3% year-over-year rise [14] Non-Interest Income - The Zacks Consensus Estimate for non-interest income is $1.48 billion, showing a slight decline from the prior year, while management anticipates a sequential increase of 5% [8][9] - Service charges on deposits are estimated at $232 million, a 5% rise year-over-year, and card and payment-related fees are expected to reach $233 million, also a 5% increase [5] Mortgage Banking and Investment Income - Mortgage rates declined significantly in Q3, leading to decent refinancing activities and an expected rise in mortgage banking income to $112 million, a 14.3% increase from the previous year [6] - Investment banking and trading income is estimated at $263 million, reflecting a year-over-year decline of 20.8%, while lending-related fees are expected to rise by 12.5% to $99 million [7] Expenses and Asset Quality - Total adjusted non-interest expenses are projected at $2.91 billion, indicating a 2.8% increase from the prior year, driven by technology investments and inflationary pressures [10] - The provision for credit losses is estimated at $516.9 million, representing a 15.4% year-over-year rise, with non-accrual loans and leases expected to increase by 1% to $1.49 billion [11][12] Earnings Expectations - The Zacks Consensus Estimate for TFC's earnings is 99 cents per share, revised 1% higher, indicating a 2.1% increase from the previous year [14] - The Earnings ESP for Truist is +0.12%, suggesting a high likelihood of beating the consensus estimate [13]

Core Insights - Truist Financial Corporation has announced two key executive hires to enhance its Commercial and Corporate Banking sales within the Enterprise Payments business, aiming to strengthen its position in the rapidly growing wholesale banking sector [1][4] Group 1: Executive Appointments - Elaine Kim has been appointed as Head of Commercial Banking Sales, bringing nearly 20 years of experience in financial services and a proven track record of double-digit sales growth in various sectors [2] - Rico Iacchetti joins as Head of Corporate Banking Sales, with over two decades of leadership experience in financial technology and banking, known for achieving record revenue growth [3] Group 2: Strategic Goals and Growth - The new appointments are part of Truist's strategy to deepen client partnerships and drive growth across all segments, focusing on simplicity, speed, and safety in payments [4] - Truist has experienced a 14% year-over-year growth in treasury management fees and has expanded its payments sales teams by over 20% in the past year [6] Group 3: Innovations and Future Plans - Recent innovations include the Truist Merchant Engage platform and the bank's role in piloting alias-based Request for Payment via the RTP® network, reinforcing its commitment to modernizing payments capabilities [6] - Additional leadership announcements are expected to further accelerate growth in the Enterprise Payments sector, which serves a diverse client base including commercial and high-net-worth clients [6]

Core Viewpoint - Morgan Stanley has adjusted its model for North American large banks' Q3 2025 performance forecasts, indicating a mild impact on EPS growth of 0-1% and a median EPS estimate 3% higher than market consensus [1][2] Group 1: Earnings Forecasts - The median EPS forecast for North American banks in Q3 2025 is 3% above market consensus, with the largest increases expected for money center banks and State Street Bank (STT.US) [1] - Citigroup (C.US) is projected to have an EPS of $1.99, exceeding the market consensus of $1.83 by 9% [1] - Bank of America (BAC.US) is expected to report an EPS of $1.01, which is 7% higher than the consensus of $0.94 [1] - State Street Bank's EPS is forecasted to be 6% above consensus, while Northern Trust (NTRS.US) is expected to be 3% higher [1] - Most super-regional banks are projected to be 1-3% above consensus, with Truist Financial (TFC.US) and Wells Fargo (WFC.US) both expected to be 3% higher [1] Group 2: Key Financial Metrics - The model incorporates a macro assumption of an additional 125 basis points rate cut by the end of 2026, with a focus on Citigroup, Bank of America, Goldman Sachs, and JPMorgan Chase (JPM.US) due to expected outperformance in investment banking fees and trading income [2] - Money center banks are expected to lead in asset growth, with JPMorgan Chase's average total assets projected to reach $4.43 trillion, an 8.4% year-over-year increase, and Bank of America expected to reach $3.47 trillion, a 5.5% increase [2] - The deposit structure shows a gradual decline in non-interest-bearing deposits, with Bank of America projected to have 26.0% in 2025, down from 26.7% in 2024 [2] - The net interest margin (NIM) is expected to remain stable, with a median estimate of 2.50% for 2025, while super-regional banks are projected to have higher NIMs [2] Group 3: Revenue Growth Drivers - Fee income is a core growth driver, with M&A fees expected to grow 30% year-over-year, significantly above the consensus growth of 11% [3] - Equity Capital Markets (ECM) fees are projected to increase by 41%, compared to a consensus of 30%, while Debt Capital Markets (DCM) fees are expected to grow by 4% against a consensus of 3% [3] - Money center banks like JPMorgan and Goldman Sachs are expected to see over 9% year-over-year growth in fee income for 2025 [3] Group 4: Capital Returns - The median dividend payout ratio for banks in 2025 is expected to be around 30%, with money center banks showing a slight decrease from 27% to 29% [3] - JPMorgan is projected to pay $5.80 per share in dividends, while Citigroup is expected to pay $2.32 per share [3] - Stock buybacks are anticipated to increase significantly, with JPMorgan expected to repurchase $38.01 billion in 2025, up from $18.84 billion in 2024, and Citigroup expected to repurchase $13.47 billion, a substantial increase from $2.5 billion in 2024 [3] Group 5: Overall Outlook - The report maintains a cautiously optimistic view on North American large banks, suggesting that money center banks will outperform due to investment banking and trading income, while super-regional banks show stable asset quality [4] - Trust banks are expected to face pressure on net interest margins but still demonstrate resilience supported by fee income [4]

Core Insights - Truist Financial Corporation has announced new leadership appointments in its Truist Wealth and Premier teams in Texas, emphasizing its commitment to enhancing wealth management services for affluent clients [2][4][7] Leadership Appointments - Joe Levi has been appointed as the North Texas Regional Managing Director, bringing over 25 years of wealth management experience, previously serving in Nashville [2][3] - Erik Carrington has been named the Houston and Central Texas Regional Managing Director, with 30 years of experience in banking and investment management, having held key roles at Morgan Stanley and UBS [3][4] - Ryan Thompson has been appointed as the Premier Region Director, overseeing Premier Banking teams across Texas, with nearly 15 years of banking experience [5][6] Strategic Focus - The new leadership will work closely with Troy Schiermeyer to provide comprehensive wealth management solutions to high- and ultra-high-net-worth clients [4] - Truist aims to deliver a holistic and collaborative wealth management experience, focusing on building strong client relationships [4][6] Investment Plans - Truist has announced significant investments over the next five years to enhance its presence in key markets like Dallas and Austin, which includes building new branches and hiring additional Premier advisors [7][9]

Core Insights - Truist Financial Corporation (TFC) is set to announce its fiscal Q3 earnings for 2025 on October 17, with a market cap of $59.3 billion [1] Earnings Expectations - Analysts anticipate TFC will report a profit of $0.98 per share, reflecting a 1% increase from $0.97 per share in the same quarter last year [2] - For the current fiscal year, TFC is expected to achieve a profit of $3.85 per share, which is a 4.3% increase from $3.69 per share in fiscal 2024 [3] - EPS is projected to grow further by 14.3% year-over-year to $4.40 in fiscal 2026 [3] Stock Performance - TFC shares have increased by 8.7% over the past 52 weeks, underperforming compared to the S&P 500 Index's 15.6% rise and the Financial Select Sector SPDR Fund's 19.6% increase [4] - Following a mixed Q2 earnings release, TFC shares fell by 1.7% on July 18, despite total revenue reaching $5 billion, slightly exceeding analyst estimates [5] Analyst Ratings - The overall rating for TFC stock is "Moderate Buy," with 23 analysts covering the stock: 8 recommend "Strong Buy," 2 suggest "Moderate Buy," 12 advise "Hold," and 1 recommends "Strong Sell" [6] - The mean price target for TFC is $49.21, indicating a potential upside of 6.9% from current levels [6]