Truist Financial Corp

Company facts

Industry

National Commercial Banks

Headquarters

Charlotte, North Carolina

Most recent report

10-Q, filed Jul 31, 2026

Incorporated

North Carolina

Filings on record

1,000+ filings

On EDGAR

CIK 92230

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 12 sections worth reading, with 4 positive, 4 notable, and 4 negative flags.

• Item 1

  Core financial statements and notes; net income up 29% to $1.5B in Q2 2026.
  Notable

  • Common stock repurchases doubled to $2.4B in H1 2026 from $1.26B in H1 2025.
  • $240M overdraft fee class action settlement received final court approval in May 2026.

• Item 2

  Full MD&A with detailed financials, segment performance, asset quality, capital, and risk disclosures.
  Positive

  • Diluted EPS up 37% to $1.23 vs $0.90, Q2 2026.
  • ROTCE improved to 15.4% from 12.3%, Q2 2026.
  • Noninterest income increased 17% YoY, led by investment banking (+71.7%).
  • CET1 ratio rose 10 bps to 10.9%, driven by earnings and lower RWA.
  Notable

  • CEO succession: Lyons to become CEO Sept 1, 2026; Rogers to Executive Chair.
  • Issued $500M of Series S preferred stock at 6.25% in May 2026.
  Negative

  • NIM – TE compressed 4 bps to 2.98% on lower loan spreads.
  • Total payout ratio of 121% exceeded net income, Q2 2026.
  • NPAs grew $115M to $1.748B, driven by indirect auto policy change.
  • WB reporting unit goodwill impaired if discount rate rises 100 bps.

What changed: Jun 2026 vs. Mar 2026

About 10% of TFC's Jun 2026 10-Q is new information. 65 paragraphs were added, 183 changed, and 33 removed. Below are the most important lines SECSift identified.

• Item 2 126
• Item 1 41
• Item 6 16
• Item 4 1
• Item 5 1