Truist plně nasadil AI Call Summaries ve svých kontaktních centrech; generativní AI už vytvořila více než 4,5 milionu shrnutí a pokrývá více než 70 % příchozích interakcí.
AI Call Summaries handle the note-taking so care center teammates can focus on clients, resolving needs faster and delivering more personalized service.
, /PRNewswire/ -- Truist Financial Corp. (NYSE: TFC) today announced the full deployment of AI Call Summaries across its care centers, using generative AI to automatically convert client conversations into concise, structured summaries within seconds. By handling the note-taking and post-call documentation automatically, the technology frees care center teammates to stay fully present with clients, resolve needs faster and deliver more personalized, informed service on every call.
Truist has fully deployed AI Call Summaries across its care centers. Since its implementation in the third quarter of 2025, the capability has scaled rapidly, generating more than 4.5 million summaries, in the second quarter of 2026 alone, and supporting more than 70% of care center inbound client interactions. The average Truist care center phone call lasts more than eight minutes, making the ability to quickly capture key themes, client needs and resolution outcomes particularly valuable. Based on average time savings of approximately 30 seconds per call, AI Call Summaries saved teammates more than 36,000 hours in the second quarter of 2026.
"At Truist, listening to clients is central to how we improve the experience across the client journey," said Truist Head of Digital, Client Experience, and Marketing Sherry Graziano. "By using AI-powered capabilities, we can consolidate feedback, organize insights and get answers to clients more efficiently. This is a great example of being digitally empowered yet deeply relational, equipping teammates with the tools they need to serve our clients with greater care."
Across Truist Care Centers, AI Call Summaries help teammates access key information from prior interactions and prepare for follow-up conversations. "Deploying generative AI-powered call summaries across our care centers is a meaningful step forward in how we support our teammates and serve our clients," said Truist Head of Truist Care Centers Kimberly Dorsett. "Instead of manually capturing conversation details, teammates can use AI-generated summaries to quickly understand and respond to clients with greater confidence."
AI Call Summaries represent a foundational step in Truist's broader strategy to embed AI into everyday workflows, improve the client experience and reimagine how work gets done across the organization. As one of Truist's earliest enterprise-scale generative AI applications approved for broad use, the capability reflects the bank's commitment to scaling AI responsibly. Truist plans to extend the capability to additional areas of the bank, demonstrating how targeted AI use cases can deliver immediate value while creating a foundation for greater operational consistency, institutional knowledge capture and better decision-making across the organization."
About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top 10 commercial bank with $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.
Key Takeaways Truist Financial still trails its 2019 merger goals despite stronger earnings and improved ROTCE in 2026.TFC's assets rose 18% since the merger, but loans grew about 10%, and shares fell 7.2% since December 2019.TFC targets modest 2026 NII growth as credit risks, rising costs and weaker digital sales test Lyons. Truist Financial’s (TFC - Free Report) new president and CEO, Mike Lyons, is taking charge at a critical point for the bank. Lyons, who assumed the role on Sept. 1, brings more than 30 years of financial-services experience spanning banking, payments and technology. Former CEO Bill Rogers has moved to executive chair until his planned April 2027 retirement.
Nearly 7 Years After the Merger, TFC Still Trails Its AmbitionsLyons inherits a bank whose profitability is improving, but the numbers highlight how far Truist remains from the aspirations set when BB&T and SunTrust completed their merger of equals in December 2019. The deal targeted a 22% return on average tangible common equity (ROTCE) and a 51% efficiency ratio, along with $1.6 billion of annual run-rate cost synergies by 2022.
In the first half of 2026, Truist’s earnings jumped 30% year over year, and ROTCE improved to 14.6% from 12.3% at June 2025-end. Yet that remains roughly 740 basis points (bps) below the merger-era 22% return target. The efficiency ratio was 58.0%, about 700 bps above the original 51% goal. TFC’s current long-term ROTCE target of 16-18% is also below the return profile envisioned in 2019.
ROTCE Outlook
Image Source: Truist Financial Corporation
Truist’s Scale is Yet to Produce Strong Organic GrowthTruist ended 2019 with $473 billion of assets, $299.8 billion of loans held for investment (LHI) and $334.7 billion of deposits. By June 2026, assets had risen to $556 billion, while LHI was about $329.8 billion and deposits $409.4 billion. While assets expanded roughly 18% since the merger, LHI grew only about 10%, an annualized pace of roughly 1.5%.
That is a modest payoff from a franchise created to lead attractive Southeast and Mid-Atlantic markets and form the sixth-largest U.S. bank. TFC’s share price also underscores muted value creation. Since December 2019, the company’s shares are down 7.2%, lagging the industry’s rally of 45.1%. Its close peers, PNC Financial Services (PNC - Free Report) and M&T Bank (MTB - Free Report) , have gained 58.2% and 42.9%, respectively, over the same time frame.
Price Performance
Image Source: Zacks Investment Research
Over the past seven years, PNC Financial and M&T Bank have expanded their capabilities and geographic reach through acquisition and partnership. Further, these two banks are taking steps to expand their branch network across high-growth markets.
Shareholder payouts also highlight Truist’s relatively sluggish post-merger progress. Truist’s annual common dividend increased from $1.71 per share in 2019 to $2.08 in 2025 and has remained unchanged since 2023. In contrast, PNC Financial’s dividend climbed from $4.20 to $6.60, and M&T Bank’s rose from $4.10 to $5.70 over the same period.
Moreover, while Truist continues to pay 52 cents quarterly in 2026, PNC Financial and M&T Bank have lifted their latest quarterly payouts to $2.00 and $1.50, respectively.
TFC: NII, Credit Risks and Digital Execution Will Test LyonsTruist must address the subpar net interest income (NII) growth while managing credit risks that could limit profitability. Taxable-equivalent revenues rose 5% year over year in the first six months of 2026, but net interest margin (NIM) slipped 2 bps to 3%, underscoring pressure on spread income. The company projects a modest 1-1.5% NII growth for 2026.
5-Quarter NII and NIM Trend
Image Source: Truist Financial Corporation
To improve NII and NIM, Lyons will need to restructure the bank’s bond portfolio, improve asset repricing and deposit-cost discipline. He may even consider divesting non-strategic businesses such as subprime auto lending to improve balance sheet productivity.
Commercial lending represents another important headwind. Truist’s commercial loan book totaled approximately $201.6 billion as of June 30, 2026, or about 61% of its loan portfolio. This makes asset quality and credit costs particularly sensitive to weak property values, elevated vacancies and refinancing pressures. Though these loans have floating interest rates and shorter durations, Lyons will have to maintain strict underwriting standards, increase reserves where necessary and actively manage criticized and non-performing assets as economic pressure weighs on commercial borrowers.
5-Quarter LHI Trend
Image Source: Truist Financial Corporation
Digital banking will also be central to Lyons’ efforts to strengthen customer engagement and improve operating efficiency. Digital transactions represented 71% of Consumer and Small Business Banking transactions in the second quarter, but digital sales accounted for only 29% of total sales and fell nearly 480 bps year over year. Better digital origination, personalization and cross-selling could improve customer acquisition and deepen relationships, helping offset slower balance sheet growth.
Truist’s cost base has stabilized from the elevated post-merger levels, but non-interest expenses rose in 2025 and the first half of 2026, driven by higher personnel costs and continued investments in technology and digital capabilities, including AI-enabled tools. While these investments will likely support productivity over the longer term, continued reinvestment may limit operating leverage and constrain bottom-line growth.
Truist’s solid capital position provides Lyons with meaningful strategic flexibility. The bank ended June with a 10.9% CET1 ratio and returned $1.8 billion to shareholders during the quarter. The bigger challenge is deploying that capital effectively, converting technology investments and franchise scale into stronger loan growth, improved NII, disciplined credit costs and returns that move closer to the ambitions set at the time of the 2019 merger.
At present, TFC carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
BlackRock Inc. purchased a new stake in Truist Financial Corporation (NYSE:TFC – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 99,555,076 shares of the insurance provider’s stock, valued at approximately $4,959,834,000. BlackRock Inc. owned 8.15% of Truist Financial at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the business. Pinnacle Financial Partners Inc. grew its holdings in Truist Financial by 30.0% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 174,839 shares of the insurance provider’s stock valued at $7,994,000 after buying an additional 40,393 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Truist Financial by 531.8% during the first quarter. Fifth Third Bancorp now owns 436,355 shares of the insurance provider’s stock worth $20,059,000 after buying an additional 367,291 shares in the last quarter. Franklin Street Advisors Inc. NC lifted its holdings in shares of Truist Financial by 129.1% during the second quarter. Franklin Street Advisors Inc. NC now owns 37,253 shares of the insurance provider’s stock worth $1,856,000 after buying an additional 20,991 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in shares of Truist Financial by 77.2% in the fourth quarter. Axxcess Wealth Management LLC now owns 158,394 shares of the insurance provider’s stock valued at $7,795,000 after acquiring an additional 68,990 shares during the period. Finally, Concord Asset Management LLC VA boosted its position in shares of Truist Financial by 528.6% in the fourth quarter. Concord Asset Management LLC VA now owns 65,686 shares of the insurance provider’s stock valued at $3,232,000 after acquiring an additional 55,237 shares during the period. Institutional investors and hedge funds own 71.28% of the company’s stock.
Truist Financial Price Performance Truist Financial stock opened at $52.46 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 0.86. Truist Financial Corporation has a 52 week low of $40.78 and a 52 week high of $56.19. The stock has a market capitalization of $64.08 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 1.12 and a beta of 0.89. The stock has a fifty day moving average of $51.27 and a 200-day moving average of $49.82.
Truist Financial (NYSE:TFC – Get Free Report) last released its earnings results on Friday, July 17th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.15. The firm had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.24 billion. Truist Financial had a return on equity of 10.06% and a net margin of 19.13%.The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 earnings per share. On average, sell-side analysts expect that Truist Financial Corporation will post 4.58 earnings per share for the current fiscal year. Truist Financial Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 4.0%. Truist Financial’s payout ratio is 47.71%.
Insider Buying and Selling In related news, insider Donta L. Wilson sold 13,280 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $51.85, for a total transaction of $688,568.00. Following the sale, the insider owned 56,009 shares in the company, valued at $2,904,066.65. The trade was a 19.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director K. David Jr. Boyer sold 3,986 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $50.70, for a total value of $202,090.20. Following the completion of the transaction, the director owned 10,270 shares of the company’s stock, valued at $520,689. This represents a 27.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 30,516 shares of company stock worth $1,584,428 in the last three months. 0.15% of the stock is owned by corporate insiders.
Analysts Set New Price Targets A number of equities analysts recently commented on TFC shares. JPMorgan Chase & Co. raised their price target on shares of Truist Financial from $53.00 to $54.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 29th. Raymond James Financial reissued a “market perform” rating on shares of Truist Financial in a research report on Wednesday, July 1st. Citigroup cut Truist Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $63.00 to $54.00 in a report on Tuesday, June 30th. Morgan Stanley reiterated an “equal weight” rating and set a $54.00 target price (down from $62.00) on shares of Truist Financial in a research report on Monday, July 6th. Finally, Keefe, Bruyette & Woods increased their target price on Truist Financial from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Monday, July 20th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $54.67.
Check Out Our Latest Stock Report on TFC
Truist Financial Profile (Free Report)
Truist Financial Corporation is an American bank holding company that provides a broad range of financial services through its primary subsidiary, Truist Bank, and other operating units. The company offers traditional retail banking products and services such as deposit accounts, consumer and residential mortgage lending, and credit and debit card services. Truist also serves commercial clients with middle-market and corporate lending, treasury and payment solutions, and specialty finance products.
Beyond core banking, Truist operates wealth management, asset management, insurance and capital markets businesses.
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Truist Financial Corporation schválila pravidelnou čtvrtletní hotovostní dividendu 0,52 USD na kmenovou akcii, splatnou 1. září 2026 akcionářům evidovaným k 14. srpnu 2026. Zároveň vyhlásila dividendy i pro několik řad preferenčních akcií.
, /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.52 per common share, payable on September 1, 2026, to shareholders of record at the close of business on August 14, 2026.
The Board also declared regular cash dividends on the following series of preferred stock:
Series of Preferred Stock
Dividend per
Share
Dividend per
Depositary
Share
Record
Date
Payment
Date
Series I Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q810)
$1,138.74533(1)
$0.28469(1)
Aug. 14
Sep. 15
Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6)
$1,168.13422(1)
$11.68134(1)
Aug. 14 (2)
Sep. 15
Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock
(CUSIP 89832QAD1)
$833.625
$33.345
Aug. 14
Sep. 1(3)
Series O Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q745)
$328.125
$0.328125
Aug. 14
Sep. 1
Series Q Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock
(CUSIP 89832QAF6)
$637.50
$25.50
Aug. 14
Sep. 1(3)
Series R Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q695)
$296.875
$0.296875
Aug. 14
Sep. 1
Series S Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAK5)
$520.83333(1,4)
$20.83333(1,4)
Aug. 17
Sep. 15(4)
Notes:
(1) In the table, dividends per share and dividends per depositary share for Series I, Series J, and Series S are rounded to the hundred-thousandths position for the convenience of the reader.
(2) In accordance with the Amended and Restated Declaration of Trust of SunTrust Preferred Capital I, the record date for the Preferred Purchase Securities representing fractional interests in shares of Series J preferred stock will be August 31, 2026.
(3) Dividends per share and dividends per depositary share for Series N and Series Q are declared and paid semiannually.
(4) The dividend per share and dividend per depositary share for Series S reflect the initial dividend period that began on May 15, 2026, the original issuance date, and ends immediately prior to the September 15, 2026 dividend payment date. For a regular quarterly dividend period prior to the first reset date, dividends on Series S would be $390.625 per share and $15.625 per depositary share.
About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $556 billion as of June 30, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.
Sameer to drive growth, investment in wealth management business
, /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced Shimna Sameer as head of Truist Wealth. Sameer joins the company to accelerate the performance and scale the delivery of Truist's wealth management business.
As head of Truist Wealth, Sameer will have broad oversight of business strategy, including the delivery of Truist's purpose-driven wealth experience to clients, enhancing the advisor and client experience, investing in and deploying innovative technology, strengthening partnerships across the enterprise and delivering long-term growth.
Shimna Sameer announced head of Truist Wealth. Sameer has more than 20 years of experience in consumer banking, wealth management and private banking. Most recently, she served as head of products, solutions and platforms at Bank of America Private Bank. In this role, Sameer was responsible for managing the Private Bank's digital platforms, business and talent strategies and client experience, as well as driving business opportunities across the enterprise. She also led the delivery of the firm's specialized capabilities – including wealth strategy, trust services, custom lending and art services – to all of Bank of America's wealth management clients. Throughout her career, Sameer has led scaled client-facing businesses and large transformational initiatives, including developing the strategy for the sales organization, digital solutions and talent development for Merrill Edge.
Sameer will join Truist in October, reporting to Chief Wholesale Banking Officer Kristin Lesher, and serve as a member of the Truist Operating Council. She will be based in Truist's Hudson Yards offices in New York City.
"Truist Wealth is critical to our enterprise growth strategy and we'll continue to invest in technology enhancements, empower our advisors and broaden the solutions we provide clients," said Kristin Lesher, Truist Chief Wholesale Banking Officer. "Shim has spent her career serving clients, leading organizations to achieve outsized results and designing and implementing strategies that drive performance. She has a proven ability to partner across the enterprise, support advisor growth and development and leverage technology to scale businesses. Her experience and success across banking and wealth management will shape Truist Wealth at an important moment in our business."
Truist Wealth delivers holistic wealth management solutions to affluent, high, and ultra-high net worth individuals, families, and business owners across the U.S. and abroad. Truist Wealth is part of the Truist Wholesale Banking segment which provides comprehensive solutions to commercial, corporate, institutional and high-net-worth clients through a combination of regional coverage and industry-focused teams serving clients across the U.S.
About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $556 billion as of June 30, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.
About Truist Wealth
Truist Wealth delivers holistic wealth management solutions to affluent, high, and ultra-high net worth individuals, families, and business owners across the U.S. and abroad. Truist Wealth provides distinct solutions for individuals and businesses through the following affiliates: Banking products and services, corporate trust, escrow, and institutional investment management services to public, private, and nonprofit organizations provided by Truist Bank, Member FDIC. Securities, brokerage accounts, and/or annuities offered by Truist Investment Services, Inc., member FINRA, SIPC, and a licensed insurance agency. Investment advisory services offered by Truist Advisory Services, Inc. and affiliated SEC registered investment advisers.
Truist Financial zvýšila plán zpětného odkupu akcií na zhruba 5 miliard USD pro rok 2026 z 2,5 miliardy USD v roce 2025. Management to označil za důkaz silné tvorby kapitálu.
• Truist Financial shares are under pressure. Why is TFC stock retreating?
Truist Financial’s diversified business model and strongly positioned franchises helped the company deliver strong quarterly results, according to RBC Capital Markets.
The Truist Financial Analyst: Analyst Gerard Cassidy maintained an Outperform rating and price target of $53.
The Truist Financial Thesis: While the company’s fee income inflected in the quarter, net interest margin (NIM) contracted, Cassidy said in the note.
Check out other analyst stock ratings.
He highlighted the following from Truist Financial’s results:
Non-interest income (NII) grew 5.9% sequentially and 17% year-on-year to $1.644 billion. NII was the primary driver of revenue growth in the quarter. NIM taxable equivalent (TE) contacted 4 basis points (bps) sequentially to 2.98%, the lowest in recent quarters, "pressured by slightly higher funding costs, lower loan spreads, and a larger balance sheet." "YoY fee growth of 17% demonstrates the growing contribution of its wholesale banking franchise and higher AUM (Assets Under Management)," the analyst wrote.
With improving credit quality, provision declined sharply from $479 million to $395 million, he added.
Truist Financial returned $1.8 billion to shareholders during the quarter, with dividends of $600 million and share buybacks of $1.2 billion, Cassidy noted. Management reaffirmed a share buyback target of around $5 billion for 2026, versus $2.5 billion in 2025, "signaling strong conviction in ongoing capital generation," he further wrote.
Outlook: Management lowered the full-year 2026 NII guidance to 1%-1.5%, from their prior projection of 2%-3%, "citing portfolio optimization of less strategic lending books, lower loan spreads, less favorable deposit mix, and an updated forward curve," Cassidy noted.
TFC Price Action: Shares of Truist Financial had declined by 2.27% to $51.31 at the time of publication on Monday.
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Truist Financial Corp. (NYSE:TFC) reported upbeat second-quarter earnings on Friday.
The bank earned $1.23 per diluted share in the second quarter, clearing the analyst consensus of $1.08 by nearly 14% and representing a 35% improvement from the 90 cents per share delivered in the same period last year. Revenue of $5.27 billion edged past the $5.24 billion consensus estimate and came in 4.67% above the year-ago figure.
For the third quarter Truist is guiding for revenue of approximately $5.35 billion, just below the analyst estimate of $5.38 billion. For the full year the bank widened its revenue outlook to a range of $21.22 billion to $21.32 billion, bracketing the prior consensus estimate of $21.28 billion.
Truist Financial shares gained 0.2% to $52.60 in pre-market trading.
These analysts made changes to their price targets on Truist Financial following earnings announcement.
JP Morgan analyst Vivek Juneja downgraded the stock from Neutral to Underweight and lowered the price target from $53.5 to $53. Baird analyst David George maintained the stock with a Neutral and raised the price target from $55 to $56. Considering buying TFC stock? Here’s what analysts think:
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Truist ve 2. čtvrtletí zvýšil počet aktivních mobilních uživatelů o 4 % na 5,4 milionu a digitálních transakcí o 7 % na 93 milionů. Banka zároveň uvedla, že digitální klienti přinášejí vyšší výnosy i ziskovost.
Truist’s second quarter displayed a range of puts and takes shaping consumer banking.
Customers kept spending, mobile activity rose and credit losses eased, while the movement of cash into higher-yielding accounts continued to raise funding costs.
The quarter also marked Bill Rogers’ final earnings call as Truist’s CEO. Mike Lyons will become president and CEO on Sept. 1, after having served as Fiserv’s CEO. Rogers will serve as executive chair until his planned retirement in April 2027.
Commentary during an earnings conference call with analysts Friday (July 17) indicated that consumer liquidity, spending and credit trends remained within management’s expectations. Average consumer and small business loans rose 2% from a year earlier, even as Truist reduced production in lending categories it viewed as less central or less profitable. Consumer and small business deposits also rose 2%, supported by a 39% gain in deposits from new clients.
“Consumer behavior remained resilient during the quarter, with stable liquidity, spending and credit trends that remain within our expectations,” Rogers said during the call.
Credit quality also improved from the first quarter. Net charge-offs fell 11 basis points to 50 basis points, with lower losses across most portfolios. Nonperforming loans rose by one basis point, partly because Truist changed its nonaccrual rules for loans in its nonprime auto business. Management said the accounting change did not reflect weaker underlying credit trends.
The results came as Truist narrowed its lending focus. The bank is reducing exposure to marine, recreational vehicle and selected auto loans. It is directing more capital toward commercial borrowers, where an initial loan can lead to deposits, payments, liquidity services and capital markets work.
Chief Financial Officer Mike Maguire said the review also extends to wholesale banking.
“There are things that we’ve done and will continue to do in wholesale around client selection, around pricing, around product design, rebalancing, that are all intended to create more profitability and efficiency,” Maguire told analysts.
Digital Use Carries More Financial Weight Digital engagement was one of the clearest measures of customer behavior in the quarter. Active mobile users rose 4% from a year earlier to 5.4 million, while digital transaction volume increased 7% to 93 million transactions. About 85% of client logins now take place through mobile devices.
Rogers linked digital activity directly to revenue, profit and operating costs.
“Digital active clients generate more revenue and higher profitability than non-digital clients, while greater self-service adoption continues to improve efficiency across the franchise,” Rogers said.
Clients used Truist Assist nearly 2 million times during the quarter, up 60% from a year earlier. The virtual assistant gives customers a way to handle routine service matters without visiting a branch or contacting an employee.
Rogers said the usage reflected “growing adoption of self-service capabilities and our continued investment in the digital client experience.”
The strategy reaches beyond routine consumer banking. Premier Banking, which serves clients with $100,000 to $1 million in combined deposits and investments, represents more than half of consumer and small business banking deposits. New Premier deposit production balances rose 20%, adviser productivity rose 23%, and financial planning activity rose 9%.
On the commercial side, average wholesale deposits rose 6% after adjusting for large merger-related balances in the prior-year quarter. Truist tied the gains to payments and liquidity services, which place the bank inside the daily movement of corporate funds.
Middle-market deposits rose 12%. Deposits grew 9% in established markets and 27% in expansion markets such as Texas, Pennsylvania and Ohio.
Deposit mix remains the pressure point. Maguire said Truist still expects annual deposit growth of about 3%, but the share of demand deposits could fall from roughly 27% at the start of the year to about 25% by year-end. Those balances usually carry lower funding costs.
“We still actually feel quite good about deposit balances both in wholesale and consumer,” Maguire said. “We’re seeing nice production. It’s really just mix.”
Rogers said the movement toward higher-yielding accounts reflected customer choices more than a new wave of rate competition.
“What we’ve seen in the deposit migration to higher yielding is more client behavior than competitive pressure,” he said. “The competitive environment still is highly competitive. We’re the most competitive we’ve ever been in terms of product and capability.”
Shares in Truist were up 1.5% in early trading Friday morning.
Truist Financial Corporation (TFC) Q2 2026 Earnings Call July 17, 2026 8:00 AM EDT
Company Participants
Bradley Milsaps - Executive VP & Head of Investor Relations
William Rogers - Executive Chairman, CEO & President
Michael Maguire - Senior EVP & CFO
Conference Call Participants
Ryan Nash - Goldman Sachs Group, Inc., Research Division
John Pancari - Evercore ISI Institutional Equities, Research Division
Kenneth Usdin - Bernstein Autonomous LLP
L. Erika Penala - UBS Investment Bank, Research Division
Manan Gosalia - Morgan Stanley, Research Division
Michael Mayo - Wells Fargo Securities, LLC, Research Division
Ebrahim Poonawala - BofA Securities, Research Division
Matthew O'Connor - Deutsche Bank AG, Research Division
Gerard Cassidy - RBC Capital Markets, Research Division
Presentation
Operator
Greetings, ladies and gentlemen, and welcome to the Truist Financial Corporation Second Quarter 2026 Earnings Conference Call. [Operator Instructions] As a reminder, this event is being recorded.
It is now my pleasure to introduce your host, Mr. Brad Milsaps.
Bradley Milsaps
Executive VP & Head of Investor Relations
Thank you, Rocco, and good morning, everyone. Welcome to Truist's Second Quarter 2026 Earnings Call. With us today are our Chairman and CEO, Bill Rogers; our CFO, Mike Maguire; our Chief Risk Officer, Brad Bender; as well as other members of the Truist senior management team.
During this morning's call, they will discuss Truist's second quarter 2026 results share their perspectives on current business conditions and provide an update on our outlook for 2026. The accompanying presentation as well as our earnings release and supplemental financial information are available on the Truist Investor Relations website, ir.truist.com.
Our presentation today will include forward-looking statements and certain non-GAAP financial measures. Please review the disclosures on Slides 2 and 3 of the presentation regarding these statements and measures as well as the appendix for required reconciliations to GAAP.
Truist Financial ve 2. čtvrtletí vykázala zisk 1,23 USD na akcii a tržby 5,27 miliardy USD, obojí nad odhady. Zisk byl meziročně vyšší než 0,91 USD na akcii.
Truist Financial Corporation (TFC - Free Report) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +13.89%. A quarter ago, it was expected that this company would post earnings of $0.99 per share when it actually produced earnings of $1.09, delivering a surprise of +10.1%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Truist Financial, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $5.27 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.02%. This compares to year-ago revenues of $4.99 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Truist Financial shares have added about 8.2% since the beginning of the year versus the S&P 500's gain of 10.1%.
What's Next for Truist Financial?While Truist Financial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Truist Financial was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.13 on $5.35 billion in revenues for the coming quarter and $4.51 on $21.11 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Major Regional is currently in the top 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
BankUnited, Inc. (BKU - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 22.
This company is expected to post quarterly earnings of $1.02 per share in its upcoming report, which represents a year-over-year change of +12.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
BankUnited, Inc.'s revenues are expected to be $290.57 million, up 6.1% from the year-ago quarter.
Truist Financial vykázala vyšší čtvrtletní zisk díky oživení investičního bankovnictví a obchodování; příjmy z těchto aktivit vzrostly za tři měsíce končící 30. června téměř o 72 %.
Truist Financial logo appears in this illustration taken December 1, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
July 17 (Reuters) - Truist Financial (TFC.N), opens new tab reported a higher quarterly profit on Friday, as a rebound in capital markets activity helped boost earnings from investment banking, while volatility fueled trading desks.
Across the industry, banks have reaped gains from a revival in dealmaking that has bolstered lucrative advisory fees, while heightened market volatility has fueled client activity across their trading desks.
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Here are some details:
Truist's investment banking and trading income climbed nearly 72% in the three months ended June 30 from a year earlier.
Shares of the bank rose 1.9% in premarket trading.
Banks expect more gains ahead, with executives pointing to healthy pipelines and strong backlogs for the second half, fueling expectations that the investment banking "super cycle" has more room to run.
Meanwhile, global markets remain volatile as the interest rate trajectory remains uncertain, geopolitical tensions linger and AI-driven tech jitters persist — an environment that typically keeps trading desks humming.
"We continued to deepen client relationships, grow in attractive markets, and improve operating efficiency and profitability," Truist CEO Bill Rogers said.
The bank's wealth management income for the second quarter also increased 7.8%.
Truist's quarterly net income available to common shareholders came in at $1.52 billion or $1.23 per share, above last year's $1.18 billion or 90 cents per share.
Reporting by Manya Saini in Bengaluru; Editing by Diti Pujara
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Truist Financial čeká za 2. čtvrtletí růst zisku na akcii o 18,7 % na 1,08 USD díky silné poptávce po úvěrech a vyšším poplatkovým výnosům. Tržby mají stoupnout o 4,5 % na 5,21 miliardy USD.
Key Takeaways Truist's Q2 earnings are expected to rise 18.7%, with sales projected to increase 4.5%.Strong loan demand and stable funding costs are expected to lift TFC's NII 1.3% y-o-y to $3.63 billion.Fee income is projected to grow, while expenses and non-performing assets are expected to rise. Truist Financial (TFC - Free Report) is scheduled to report second-quarter 2026 results on July 17 before the opening bell. The overall impressive lending scenario in the quarter is likely to have supported the company’s net interest income (NII).
Per the Fed’s latest data, the demand for commercial and industrial (C&I) loans (accounting for almost 50% of TFC’s total loans and leases held for investment) was robust in the to-be-reported quarter. Demand for consumer loans (almost 40% of total loans) was solid.
The Zacks Consensus Estimate for TFC’s average earning assets for the quarter is pegged at $488.4 billion, indicating a 1.5% rise from the prior-year quarter.
In the second quarter, the Federal Reserve kept interest rates unchanged and signaled a hike later in the year. This, along with strong loan demand, decent economic growth and stabilizing funding/deposit costs, is expected to have driven Truist’s net interest income (NII) higher. The consensus estimate for NII is pegged at $3.63 billion, implying a 1.3% increase.
Management anticipates NII to increase approximately 1% sequentially, primarily driven by one additional day and increased client deposit balances.
Other Factors to Impact Truist’s Q2 EarningsNon-Interest Income: Though mortgage rates increased in the second quarter to the mid-6% range, they were lower than the prior-year quarter level. Hence, refinancing activities and origination volume were decent. Thus, Truist’s mortgage banking income is expected to have risen. The Zacks Consensus Estimate for the metric of $121.2 million indicates a 23.6% jump from the prior-year quarter.
Higher client activity and volatility in the capital markets, along with industry-wide decent deal-making activities, in the to-be-reported quarter are expected to have supported TFC’s corresponding fee income. The consensus estimate for investment banking and trading income of $336.7 million indicates a year-over-year jump of 64.2%.
The strong lending backdrop is likely to have supported Truist’s lending-related fees. The Zacks Consensus Estimate for the same is $100.2 million, indicating a rise of 1.2%. As the U.S. markets witnessed investor rotation amid the changing macro environment, there has been a rise in asset inflows. The consensus estimate for wealth management income of $375.6 million suggests an increase of 7.9%.
The Zacks Consensus Estimate for total non-interest income is pegged at $1.56 billion, which indicates an 11.6% rise from the prior-year quarter.
Management expects non-interest income to decline almost 1% sequentially due to Investment Banking and Trading income, partially offset by higher other income and card and treasury management fees.
Expenses: Truist has been witnessing a continued rise in overall non-interest expenses over the past several quarters because of investments in technology, inflationary pressure and expansion efforts. A similar trend is expected to have continued in the second quarter.
Management expects GAAP non-interest expenses to rise 3-4% from $3 billion in the first quarter of 2026. This will be due to higher personal costs.
Asset Quality: Truist is unlikely to have set aside a substantial amount for potential loan delinquencies, given the modest improvement in the operating environment, supported by resilient economic growth, broadly stable credit conditions and the announced ceasefire in the Middle East. However, robust lending and persistently higher inflation are likely to have weighed on provision numbers.
The Zacks Consensus Estimate for total non-accrual loans and leases of $2.16 billion suggests a 71.4% year-over-year jump. The consensus estimate for total non-performing assets is $2.23 billion, indicating a 69.5% surge.
Truist’s Q2 Earnings & Sales ExpectationsThe Zacks Consensus Estimate for TFC’s earnings of $1.08 per share has remained unchanged over the past seven days. This indicates growth of 18.7% from the year-ago reported number.
The consensus estimate for sales is pegged at $5.21 billion, suggesting a 4.5% rise. The company expects revenues to remain relatively stable at $5.2 billion sequentially.
What the Zacks Model Unveils for TFCAccording to our quantitative model, the chances of Truist beating the Zacks Consensus Estimate for earnings this time are high. This is because it has the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Truist is +0.23%.
Zacks Rank: TFC currently carries a Zacks Rank #3.
TFC’s Peers Worth ConsideringHere are a couple of Truist’s peer bank stocks that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time:
U.S. Bancorp (USB - Free Report) is scheduled to announce second-quarter 2026 results on July 16. The company carries a Zacks Rank #2 (Buy) and has an Earnings ESP of +0.34% at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Quarterly earnings estimates for U.S. Bancorp have been revised upward to $1.28 over the past week.
The Earnings ESP for M&T Bank (MTB - Free Report) is +0.13%, and it carries a Zacks Rank #2. The company is slated to report second-quarter 2026 numbers tomorrow.
Over the past seven days, the Zacks Consensus Estimate for M&T Bank’s quarterly earnings has remained unchanged at $4.66.
Truist zveřejnil výsledky své roční zátěžové zkoušky za rok 2026. Současný požadavek na stress capital buffer ve výši 2,5 % zůstane v platnosti do 30. září 2027.
, /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced the release of the results of its annual company-run stress test, conducted in accordance with Dodd-Frank Act regulations issued by the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation. The results are available online at ir.truist.com/regulatory-disclosures.
"Truist's 2026 annual stress test results reaffirm the benefits of our diverse business mix and our disciplined risk management culture," said Truist Chairman and Chief Executive Officer Bill Rogers. "Our strong capital position enables us to effectively serve our clients and stakeholders, generate sustainable shareholder returns, and continue delivering on our purpose to inspire and build better lives and communities."
In accordance with the Federal Reserve's Feb. 4, 2026 announcement to maintain existing stress capital buffer requirements, Truist's current stress capital buffer requirement of 2.5 percent will remain in effect until Sept. 30, 2027.
About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Learn more at Truist.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as "believe," "expect," "anticipate," "intend," "pursue," "seek," "continue," "estimate," "project," "outlook," "forecast," "potential," "target," "objective," "trend," "plan," "goal," "initiative," "priorities," or other words of comparable meaning or future-tense or conditional verbs such as "may," "will," "should," "would," or "could." Forward-looking statements convey Truist's expectations, intentions, or forecasts about future events, circumstances, or results. All forward-looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond Truist's control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, and results may differ materially from those set forth in any forward-looking statement. While no list of assumptions, risks, and uncertainties could be complete, some of the factors that may cause actual results or other future events or circumstances to differ from those in Truist's forward-looking statements include the risks and uncertainties more fully discussed in Part I, Item 1A (Risk Factors) in Truist's most recently filed Annual Report on Form 10-K and in Truist's subsequent filings with the Securities and Exchange Commission. Any forward-looking statement made by Truist or on its behalf speaks only as of the date that it was made. Truist does not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that Truist may make in any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, or Current Report on Form 8-K.
