Truist Financial Corporation reported its third quarter 2026 results on October 16, 2026, highlighting a solid quarter with a focus on simplifying operations and reallocating resources. The company reported diluted earnings per share (EPS) of $0.56 for the quarter, while adjusted diluted EPS was $1.16, representing a 12% increase compared to the same period in 2025.
Key financial metrics for the third quarter of 2026 included adjusted net income available to common shareholders of $1.42 billion and adjusted return on tangible common equity (ROTCE) of 14.6%. The company reported adjusted revenue on a taxable-equivalent (TE) basis of $5.3 billion, which remained stable compared to the prior quarter. Net interest income on a TE basis increased by 1.1% to $3.71 billion, with the net interest margin (NIM) on a TE basis remaining at 3.00%.
Truist announced the completion of a loan sale involving Regional Acceptance Corporation (RAC) and a subsequent repositioning of available-for-sale (AFS) securities. These transactions resulted in a pre-tax loss of $1.4 billion on AFS securities and $581 million in loan loss reserve recapture. Additionally, on October 14, 2026, the company signed an agreement to sell $7.7 billion of unsecured consumer loans representing substantially all assets of its LightStream platform to Carlyle Group Inc.
Asset quality metrics improved during the quarter. The net charge-off (NCO) ratio was 77 basis points, and the ratio of all loan and lease losses (ALLL) to nonperforming loans and leases held for investment was 3.1x. Total deposits at the end of the period were $413.2 billion, an increase of $3.9 billion, or 0.9%.
