EarningsQ2 2026 Earnings Report
MX:TFC Q2 2026 EPS Results
Actual EPS$21.09
Consensus EPS―
Beat/Miss―
One Year Ago EPS$15.43
MX:TFC Q2 2026 Revenue Results
Actual Revenue$90.35B
Expected Revenue―
Beat/Miss―
YoY Revenue Growth-30.37%
Earnings Announcement Details
QuarterQ2 2026
Date07/17/2026
TimeBefore Open
Conference CallFriday, July 17, 2026
MX:TFC Upcoming Earnings
Truist Financial's next earnings date is estimated for October 16, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:TFC Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong underlying profitability, capital strength, and fee-based revenue momentum (notably large YoY EPS, ROTCE and non-interest income gains) alongside intentional, strategic portfolio actions that reduce certain loan production and pressure net interest income and margin in the near term. Management emphasized disciplined optimization to improve long-term returns, reiterated a $5B buyback plan, and affirmed confidence in delivering ROTCE above 14% for 2026. While there are clear near-term headwinds to NII and deposit-mix pressures, the breadth of operational and capital achievements and improved efficiency indicate a favorable overall trajectory.Company Guidance
Strong Quarterly Earnings and EPS Growth
GAAP net income available to common shareholders of $1.5 billion and diluted EPS of $1.23, up 37% year-over-year and 13% quarter-over-quarter.
Material Improvement in ROTCE and Operating Leverage
Return on tangible common equity improved ~310 basis points year-over-year to 15.4%; the company reported more than 300 basis points (320 bps cited) of positive year-over-year operating leverage.
Robust Fee and Non-Interest Income Growth
Non-interest income increased 17% year-over-year and 5.9% linked-quarter; investment banking and trading revenue rose 72%, wealth management income +8%, and advisory revenue +27% year-to-date.
Digital Engagement and Productivity Gains
Active mobile users increased 4% YoY to 5.4 million; digital transactions +7% to 93 million; ~85% of client logins via mobile; Truist Assist engagements nearly 2 million, up 60% YoY.
Wholesale and Middle Market Momentum
Average wholesale loans +8% YoY; average wholesale deposits +6% (ex certain large prior-year deposits); middle market deposits +12% YoY (9% legacy markets, 27% expansion markets).
Capital Strength and Shareholder Returns
CET1 ratio rose 10 basis points linked-quarter to 10.9% despite returning >100% of earnings; repurchased $1.2 billion of common stock in Q2 (versus $1.1B prior quarter) and reiterated ~$5 billion buyback target for 2026.
Expense Discipline and Efficiency
GAAP non-interest expense increased modestly (+2.4% linked-quarter; +2.3% YoY) while revenue growth outpaced expense growth, contributing to positive operating leverage and continued investment redeployment.
Asset Quality Remains Healthy
Net charge-offs declined 11 basis points linked-quarter to 50 basis points; allowance for loan losses modestly down 2 bps to 1.51% of loans; non-performing loans modestly up 1 bp to 51 bps but commercial portfolio improvement offset other areas.
MX:TFC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed