TRUIST FINANCIAL CORP reported second-quarter 2026 results with revenue of $5.31B and diluted EPS of $1.23, driven by growth in noninterest income and controlled expense increases that helped lift net income to $1.52B versus the prior-year quarter.
Financial Highlights
- Revenue was $5.31B, compared with $5.04B in the prior-year quarter; YoY change 5.5%.
- Net income was $1.52B, compared with $1.18B in the prior-year quarter; YoY change 28.7%.
- Diluted EPS was $1.23, compared with $0.9 in the prior-year quarter; YoY change 36.7%.
Business Highlights
- Total revenue (TE) rose 5.5% year over year, led by 17% growth in noninterest income from investment banking, trading and wealth management.
- Average deposits increased 1.5% sequentially with a shift toward higher interest-checking and money market balances, supporting core funding.
- Client engagement strengthened with higher assets under management and expanded fee-based relationships in targeted markets.
- Controlled operating expenses, which rose 2.3% quarter over quarter, reflected disciplined personnel management and fewer professional fees as projects completed.
- Corporate actions included returning capital to shareholders, completing a succession plan announcement, and narrowing lending focus by reducing select consumer origination lines.
Original SEC Filing:
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