TRUIST FINANCIAL CORP (Form: 8-K, Received: 10/17/2025 06:31:28)

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________________

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

Truist Financial Corporation

(Exact name of registrant as specified in its charter)

_____________________________________________


North Carolina	1-10853	56-0939887
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)


214 North Tryon Street
Charlotte,	North Carolina	28202
(Address of principal executive offices)		(Zip Code)

(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

_____________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $5 par value	TFC	New York Stock Exchange
Depositary Shares each representing 1/4,000th interest in a share of Series I Perpetual Preferred Stock	TFC.PI	New York Stock Exchange
5.853% Fixed-to-Floating Rate Normal Preferred Purchase Securities each representing 1/100th interest in a share of Series J Perpetual Preferred Stock	TFC.PJ	New York Stock Exchange
Depositary Shares each representing 1/1,000th interest in a share of Series O Non-Cumulative Perpetual Preferred Stock	TFC.PO	New York Stock Exchange
Depositary Shares each representing 1/1,000th interest in a share of Series R Non-Cumulative Perpetual Preferred Stock	TFC.PR	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

ITEM 2.02 Results of Operations and Financial Condition.

On October 17, 2025, Truist Financial Corporation (“Truist”) issued a press release announcing its reporting of third quarter 2025 results and posted on its website its third quarter 2025 Earnings Release, Quarterly Performance Summary, and Earnings Release Presentation. The materials contain forward-looking statements regarding Truist and include cautionary language identifying important factors that could cause actual results to differ materially from those anticipated. The Earnings Release, Quarterly Performance Summary, and Earnings Release Presentation are furnished as Exhibits 99.1, 99.2, and 99.3, respectively. Consequently, they are not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. Such materials may only be incorporated by reference into another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K. All information in the Earnings Release, Quarterly Performance Summary, and Earnings Release Presentation speaks as of the date thereof, and Truist does not assume any obligation to update such information in the future.

ITEM 9.01 Financial Statements and Exhibits.

(d) Exhibits.



Exhibit No.						Description
99.1						Earnings Release issued October 17, 2025.
99.2						Quarterly Performance Summary issued October 17, 2025.
99.3						Earnings Release Presentation issued October 17, 2025.






104						The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


			TRUIST FINANCIAL CORPORATION
						(Registrant)

			By:			/s/ Cynthia B. Powell
						Cynthia B. Powell
						Executive Vice President and Corporate Controller
						(Principal Accounting Officer)

Date: October 17, 2025


			News Release

Truist reports third quarter 2025 results

Net income available to common shareholders of $1.3 billion, or $1.04 per share	Average loans HFI increased $7.9 billion, or 2.5%		Repurchased $500 million in common shares; Dividend and total payout ratios of 50% and 87%
3Q25 Key Financial Data		3Q25 Performance Highlights(4)




(Dollars in billions, except per share data)	3Q25			2Q25			3Q24
Summary Income Statement
Net interest income	$	3.63		$	3.59		$	3.60
Net interest income - TE(1)	3.68			3.64			3.66
Noninterest income	1.56			1.40			1.48
Total revenue	5.19			4.99			5.09
Total revenue - TE(1)	5.24			5.04			5.14


Noninterest expense	3.01			2.99			2.93


Net income	1.45			1.24			1.44
Net income available to common shareholders	1.35			1.18			1.34
Adjusted net income available to common shareholders(1)	1.35			1.19			1.31
PPNR - unadjusted(1)(2)	2.22			2.05			2.21
PPNR - adjusted(1)(2)	2.25			2.10			2.22
Key Metrics


Diluted EPS	$	1.04		$	0.90		$	0.99
Adjusted diluted EPS(1)	1.04			0.91			0.97
BVPS	46.70			45.70			44.46
TBVPS(1)	32.57			31.63			30.64



ROCE	9.0		%	8.1		%	9.1		%
ROTCE(1)	13.6			12.3			13.8
Efficiency ratio - unadjusted(2)	58.1			59.9			57.5
Efficiency ratio - adjusted(1)(2)	55.7			57.1			55.2
Fee income ratio - unadjusted(2)	30.0			28.1			29.2
Fee income ratio - adjusted(1)(2)	29.7			28.1			28.9
NIM - TE(1)	3.01			3.02			3.12
NCO ratio	0.48			0.51			0.55

ALLL ratio	1.54			1.54			1.60
CET1 ratio(3)	11.0			11.0			11.6

Average Balances
Assets	$	542		$	537		$	519
Securities	119			122			117
Loans and leases	322			314			305
Deposits	397			400			384

•Net income available to common shareholders was $1.3 billion, or $1.04 per diluted share

•Total TE revenues were up 4.0%

◦TE net interest income increased 1.2%; net interest margin was down one basis point

◦Noninterest income was up $158 million, or 11%, primarily due to higher investment banking and trading income and wealth management income, partially offset by lower other income

•Noninterest expense was up $28 million, or 0.9%, primarily due to higher personnel expense, partially offset by lower professional fees and outside processing expense and regulatory costs

•Average loans and leases HFI were up 2.5% due to broad based loan growth

◦End of period loans and leases HFI were $323.7 billion, up $4.9 billion, or 1.6%

•Average deposits decreased 1.0%

•Asset quality was solid

◦Nonperforming loans to total loans HFI were up nine basis points

◦Loans 90 days or more past due to total loans HFI were up one basis point

◦ALLL ratio was flat

◦Net charge-off ratio of 48 basis points, down three basis points

•Capital levels remained strong

◦Repurchased $500 million in common shares, resulting in a dividend and total payout ratio of 50% and 87%, respectively

◦CET1 ratio(3) was 11.0%

Amounts may not foot due to rounding.

(1)Represents a non-GAAP measure. A reconciliation of each of these non-GAAP measures to the most directly comparable GAAP measure is included in this release or the appendix to Truist’s Third Quarter 2025 Earnings Presentation.

(2)This metric is calculated based on continuing operations.

(3)Current quarter capital ratios are preliminary.

(4)Comparisons noted in this section summarize changes from third quarter of 2025 compared to second quarter of 2025 on a continuing operations basis, unless otherwise noted.

“Truist delivered strong third-quarter results, underscored by robust fee income growth in investment banking and trading and wealth, healthy loan expansion, and continued expense and credit discipline. These results reflect the strength of our diversified business model and the momentum we’re seeing across our company.

We remain focused on executing our growth strategy, which is supported by our strong capital position, the attractive markets we serve and the investments we’ve made in talent and technology. As we move forward, our clear strategic focus on growth, strong balance sheet, and purpose-driven culture positions us well to accelerate our performance, return capital to our shareholders, and drive long-term shareholder value.”

— Bill Rogers, Truist Chairman & CEO


Contact:
Investors:	Brad Milsaps	investors@truist.com
Media:	Shelley Miller	media@truist.com


Net Interest Income, Net Interest Margin, and Average Balances
	Quarter Ended						Change
(Dollars in millions)	3Q25			2Q25				3Q24			Link				Like
Interest income	$	6,286		$	6,154			$	6,352		$	132	2.1	%		$	(66)	(1.0)	%
Plus: Taxable-equivalent adjustment	51			48				55			3		6.3			(4)		(7.3)
Interest income - taxable equivalent(1)	6,337			6,202				6,407			135		2.2			(70)		(1.1)
Interest expense	2,657			2,567				2,750			90		3.5			(93)		(3.4)
Net interest income - taxable equivalent(1)	$	3,680		$	3,635			$	3,657		$	45	1.2			$	23	0.6

Net interest margin - taxable equivalent(1)	3.01		%	3.02		%		3.12		%	(1) bp					(11) bps


Average Balances(2)
Total earning assets	$	486,006		$	480,983			$	466,137		$	5,023	1.0	%		$	19,869	4.3	%
Total interest-bearing liabilities	359,103			354,251				334,363			4,852		1.4			24,740		7.4

Yields / Rates(1)
Total earning assets	5.18		%	5.16		%		5.47		%	2 bps					(29) bps
Total interest-bearing liabilities	2.94			2.91				3.27			3 bps					(33) bps

(1)Amounts are on a taxable-equivalent basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends.

(2)Represents daily average balances. Unrealized gains and losses on available-for-sale securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.

Taxable-equivalent net interest income for the third quarter of 2025 was up $45 million, or 1.2%, compared to the second quarter of 2025 due to an additional day in the third quarter of 2025, loan growth, and fixed-rate asset repricing. Net interest margin was 3.01%, down one basis point compared to the second quarter of 2025.

•Average earning assets increased $5.0 billion, or 1.0%, primarily due to an increase in average total loans of $8.2 billion, or 2.6%, partially offset by a decline in average securities of $2.6 billion, or 2.2%.

•The yield on the average total loan portfolio was 6.00%, down one basis point. The yield on the average securities portfolio was 3.16%, flat compared to the prior quarter.

•Average deposits decreased $3.9 billion, or 1.0%, primarily due to lower short-term client deposits, average short-term borrowings increased $555 million, or 2.1%, and average long-term debt increased $7.2 billion, or 21%.

•The average cost of total deposits was 1.84%, down one basis point. The average cost of short-term borrowings was 4.42%, down five basis points. The average cost of long-term debt was 5.04%, up two basis points.

Taxable-equivalent net interest income for the third quarter of 2025 was up $23 million, or 0.6%, compared to the third quarter of 2024. Net interest margin was 3.01%, down 11 basis points compared to the third quarter of 2024.

•Average earning assets increased $19.9 billion, or 4.3%, primarily due to an increase in average total loans of $17.5 billion, or 5.7%, and an increase in average securities of $2.0 billion, or 1.7%.

•The yield on the average total loan portfolio was 6.00%, down 41 basis points due to the impact of variable rate loans repricing. The yield on the average securities portfolio was 3.16%, up 19 basis points.

•Average deposits increased $12.3 billion, or 3.2%, average short-term borrowings increased $6.0 billion, or 29%, and average long-term debt increased $6.1 billion, or 17%.

•The average cost of total deposits was 1.84%, down 24 basis points. The average cost of short-term borrowings was 4.42%, down 99 basis points. The average cost of long-term debt was 5.04%, down nine basis points.


Noninterest Income
	Quarter Ended				Change
(Dollars in millions)	3Q25		2Q25			3Q24		Link				Like

Wealth management income	$	374	$	348		$	350	$	26	7.5	%		$	24	6.9	%
Investment banking and trading income	323		205			332		118		57.6			(9)		(2.7)
Card and payment related fees	225		232			222		(7)		(3.0)			3		1.4
Service charges on deposits	240		227			221		13		5.7			19		8.6
Mortgage banking income	118		107			106		11		10.3			12		11.3
Lending related fees	103		99			88		4		4.0			15		17.0
Operating lease income	45		47			49		(2)		(4.3)			(4)		(8.2)
Securities gains (losses)	—		(18)			—		18		(100.0)			—		NM
Other income	130		153			115		(23)		(15.0)			15		13.0
Total noninterest income	$	1,558	$	1,400		$	1,483	$	158	11.3			$	75	5.1

Noninterest income was up $158 million, or 11%, compared to the second quarter of 2025 primarily due to higher investment banking and trading income and wealth management income, partially offset by lower other income. Excluding securities losses, noninterest income was up $140 million, or 9.9%, compared to the second quarter of 2025.

•Investment banking and trading income increased primarily due to higher trading income and capital markets activity.

•Wealth management income increased primarily due to higher assets under management.

•Other income decreased primarily due to a valuation decrease for derivatives related to Visa shares.

Noninterest income was up $75 million, or 5.1%, compared to the third quarter of 2024 primarily due to higher wealth management income and service charges on deposits.

•Wealth management income increased primarily due to higher assets under management.

•Service charges on deposits increased primarily due to higher treasury management fees.


Noninterest Expense
	Quarter Ended				Change
(Dollars in millions)	3Q25		2Q25			3Q24		Link				Like
Personnel expense	$	1,726	$	1,653		$	1,628	$	73	4.4	%		$	98	6.0	%
Professional fees and outside processing	346		373			336		(27)		(7.2)			10		3.0
Software expense	233		231			222		2		0.9			11		5.0
Net occupancy expense	182		179			157		3		1.7			25		15.9
Equipment expense	90		89			84		1		1.1			6		7.1
Amortization of intangibles	72		73			84		(1)		(1.4)			(12)		(14.3)
Marketing and customer development	79		82			75		(3)		(3.7)			4		5.3
Operating lease depreciation	31		33			34		(2)		(6.1)			(3)		(8.8)
Regulatory costs	32		55			51		(23)		(41.8)			(19)		(37.3)
Restructuring charges	27		28			25		(1)		(3.6)			2		8.0

Other expense	196		190			231		6		3.2			(35)		(15.2)
Total noninterest expense	$	3,014	$	2,986		$	2,927	$	28	0.9			$	87	3.0

Noninterest expense was up $28 million, or 0.9%, compared to the second quarter of 2025 primarily due to higher personnel expense, partially offset by lower professional fees and outside processing expense and regulatory costs.

•Personnel expense increased primarily due to higher incentives, investments in talent in revenue producing businesses as well as the technology and risk infrastructure organizations, and medical claims.

•Professional fees and outside processing expense decreased primarily due to the completion of certain projects.

•Regulatory costs decreased primarily due to an adjustment to the FDIC special assessment.

Noninterest expense was up $87 million, or 3.0%, compared to the third quarter of 2024 primarily due to higher personnel expense, partially offset by lower other expense.

•Personnel expense increased primarily due to higher investments in talent in revenue producing businesses as well as the technology and risk infrastructure organizations, medical claims, and incentives.

•Other expense decreased primarily due to lower operating losses.


Provision for Income Taxes
	Quarter Ended						Change
(Dollars in millions)	3Q25			2Q25				3Q24			Link			Like
Provision for income taxes	$	285		$	273			$	271		$	12	4.4%		$	14	5.2%
Effective tax rate	16.4		%	18.0		%		15.8		%	(160) bps				60 bps

The lower effective tax rate for the third quarter of 2025 compared to the second quarter of 2025 is primarily driven by a decrease in the full-year forecasted effective tax rate and lower discrete tax items.

The higher effective tax rate for the third quarter of 2025 compared to the third quarter of 2024 is primarily due to higher income before taxes and higher full-year forecasted effective tax rate in the current year.


Average Loans and Leases
(Dollars in millions)	3Q25		2Q25		Change		% Change

Commercial:
Commercial and industrial	$	162,207	$	158,491	$	3,716	2.3	%
CRE	21,171		19,687		1,484		7.5
Commercial construction	8,258		8,613		(355)		(4.1)

Total commercial	191,636		186,791		4,845		2.6
Consumer:
Residential mortgage	57,676		56,789		887		1.6
Home equity	9,588		9,586		2		—
Indirect auto	24,964		24,158		806		3.3
Other consumer	31,714		30,387		1,327		4.4

Total consumer	123,942		120,920		3,022		2.5
Credit card	4,915		4,890		25		0.5

Total loans and leases held for investment	$	320,493	$	312,601	$	7,892	2.5

Average loans and leases HFI were $320.5 billion, an increase of $7.9 billion, or 2.5%, compared to the prior quarter.

•Average commercial loans increased 2.6% due to an increase in the commercial and industrial and CRE portfolios.

•Average consumer loans increased 2.5% due to growth in the other consumer, residential mortgage, and indirect auto portfolios.

End of period loans and leases HFI were $323.7 billion, up $4.9 billion, or 1.6%, primarily due to increases in the CRE, commercial and industrial, other consumer, and indirect auto portfolios.


Average Deposits
(Dollars in millions)	3Q25		2Q25		Change		% Change

Noninterest-bearing deposits	$	105,751	$	106,686	$	(935)	(0.9)	%
Interest checking	109,244		116,193		(6,949)		(6.0)
Money market and savings	136,515		135,607		908		0.7
Time deposits	45,090		41,997		3,093		7.4

Total deposits	$	396,600	$	400,483	$	(3,883)	(1.0)

Average deposits for the third quarter of 2025 were $396.6 billion, a decrease of $3.9 billion, or 1.0%, compared to the prior quarter primarily due to lower short-term client deposits.

Average noninterest-bearing deposits decreased 0.9% compared to the prior quarter and represented 26.7% of total deposits for the third quarter of 2025 compared to 26.6% for the second quarter of 2025. Average interest checking deposits decreased 6.0%. Average money market and savings accounts increased 0.7%. Average time deposits increased 7.4%.


Capital Ratios
	3Q25		2Q25		1Q25		4Q24		3Q24
Risk-based:	(preliminary)
CET1	11.0	%	11.0	%	11.3	%	11.5	%	11.6	%
Tier 1	12.3		12.3		12.7		12.9		13.2
Total	14.2		14.3		14.7		15.0		15.3
Leverage	10.2		10.2		10.3		10.5		10.8
Supplementary leverage	8.5		8.5		8.7		8.8		9.1

Capital ratios remained strong compared to the regulatory requirements for well capitalized banks. Truist’s CET1 ratio was 11.0% as of September 30, 2025, flat compared to June 30, 2025 as capital returned to shareholders and an increase in risk-weighted assets was offset by current quarter earnings.

Truist declared common dividends of $0.52 per share during the third quarter of 2025 and repurchased $500 million of common stock. The dividend and total payout ratios for the third quarter of 2025 were 50% and 87%, respectively.

Truist’s average consolidated LCR was 110% for the three months ended September 30, 2025, compared to the regulatory minimum of 100%.



Asset Quality
(Dollars in millions)	3Q25			2Q25			1Q25			4Q24			3Q24
Total nonperforming assets	$	1,629		$	1,316		$	1,618		$	1,477		$	1,528

Total loans 90 days past due and still accruing	584			546			616			587			518
Total loans 30-89 days past due and still accruing	1,743			1,811			1,619			1,949			1,769
Nonperforming loans and leases as a percentage of loans and leases held for investment	0.48		%	0.39		%	0.48		%	0.47		%	0.48		%


Loans 30-89 days past due and still accruing as a percentage of loans and leases	0.54			0.57			0.52			0.64			0.58
Loans 90 days or more past due and still accruing as a percentage of loans and leases	0.18			0.17			0.20			0.19			0.17
Loans 90 days or more past due and still accruing as a percentage of loans and leases, excluding government guaranteed	0.05			0.04			0.05			0.05			0.04

Allowance for loan and lease losses as a percentage of loans and leases held for investment	1.54			1.54			1.58			1.59			1.60
Ratio of allowance for loan and lease losses to net charge-offs	3.3x			3.1x			2.6x			2.7x			2.9x
Ratio of allowance for loan and lease losses to nonperforming loans and leases held for investment	3.2x			3.9x			3.3x			3.4x			3.3x

Applicable ratios are annualized.

Nonperforming assets totaled $1.6 billion at September 30, 2025, up $313 million compared to June 30, 2025, due to an increase in the commercial and industrial portfolio. Nonperforming loans and leases were 0.48% of loans and leases held for investment at September 30, 2025, up nine basis points compared to June 30, 2025.

Loans 90 days or more past due and still accruing totaled $584 million at September 30, 2025, up one basis point as a percentage of loans and leases compared with the prior quarter. Excluding government guaranteed loans, the ratio of loans 90 days or more past due and still accruing as a percentage of loans and leases was 0.05% at September 30, 2025, up one basis point compared to June 30, 2025.

Loans 30-89 days past due and still accruing totaled $1.7 billion at September 30, 2025, down $68 million, or three basis points as a percentage of loans and leases, compared to the prior quarter primarily due to declines in the commercial and industrial, CRE, and residential mortgage portfolios, partially offset by an increase in the indirect auto portfolio.

The allowance for credit losses was $5.3 billion at September 30, 2025 and included $5.0 billion for the allowance for loan and lease losses and $317 million for the reserve for unfunded commitments. The ALLL ratio at September 30, 2025 was 1.54%, flat compared with June 30, 2025. The ALLL covered nonperforming loans and leases held for investment 3.2x at September 30, 2025, compared to 3.9x at June 30, 2025. At September 30, 2025, the ALLL was 3.3x annualized net charge-offs, compared to 3.1x at June 30, 2025.


Provision for Credit Losses
	Quarter Ended						Change
(Dollars in millions)	3Q25			2Q25				3Q24			Link				Like
Provision for credit losses	$	436		$	488			$	448		$	(52)	(10.7)	%		$	(12)	(2.7)	%
Net charge-offs	385			396				418			(11)		(2.8)			(33)		(7.9)

Net charge-offs as a percentage of average loans and leases	0.48		%	0.51		%		0.55		%	(3) bps					(7) bps

Applicable ratios are annualized.

The provision for credit losses was $436 million for the third quarter of 2025 compared to $488 million for the second quarter of 2025.

•The decrease in the current quarter provision expense primarily reflects a lower allowance build.

•The net charge-off ratio for the current quarter was down compared to the second quarter of 2025 primarily driven by lower net charge-offs in the credit card, CRE, and commercial and industrial portfolios, partially offset by an increase in the indirect auto portfolio.

The provision for credit losses was $436 million for the third quarter of 2025 compared to $448 million for the third quarter of 2024.

•The net charge-off ratio for the current quarter was down compared to the third quarter of 2024 primarily driven by lower net charge-offs in the CRE and credit card portfolios, partially offset by the indirect auto portfolio.


Earnings Presentation and Quarterly Performance Summary

Investors can access the live third quarter 2025 earnings call at 8 a.m. ET today by webcast or dial-in as follows:

Webcast: app.webinar.net/mdQ0gY4Vl61

Dial-in: 1-877-883-0383, passcode 4433280

Additional details: The news release and presentation materials are available at ir.truist.com under “Events & Presentations.” A replay of the call will be available on the website for 30 days.

The presentation, including an appendix reconciling non-GAAP disclosures, and Truist’s Third Quarter 2025 Quarterly Performance Summary, which contains detailed financial schedules, are available at https://ir.truist.com/earnings.

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 $544 billion as of September 30, 2025. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.


Glossary of Defined Terms
Term			Definition

ALLL			Allowance for loan and lease losses
BVPS			Book value (common equity) per share


CEO			Chief Executive Officer
CET1			Common equity tier 1
CRE			Commercial real estate

FDIC			Federal Deposit Insurance Corporation

GAAP			Accounting principles generally accepted in the United States of America
HFI			Held for investment
LCR			Liquidity Coverage Ratio

Like			Compared to third quarter of 2024
Link			Compared to second quarter of 2025
NCO			Net charge-offs
NIM - TE			Net interest margin, computed on a TE basis
NM			Not meaningful
PPNR			Pre-provision net revenue
ROCE			Return on average common equity
ROTCE			Return on average tangible common equity


TBVPS			Tangible book value per common share
TE			Taxable-equivalent


Non-GAAP Financial Information

This news release contains financial information and performance measures determined by methods other than in accordance with GAAP. Truist’s management uses these “non-GAAP” measures in their analysis of Truist’s performance and the efficiency of its operations. Management believes these non-GAAP measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant items in the current period. Truist believes a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Below is a listing of the types of non-GAAP measures used in this news release:

•Adjusted net income available to common shareholders and adjusted diluted EPS - Adjusted net income available to common shareholders and adjusted diluted earnings per share are non-GAAP in that these measures exclude selected items, net of tax. Truist’s management uses these measures in their analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges.

•Adjusted efficiency ratio, adjusted fee income ratio, and related measures - The adjusted efficiency ratio is non-GAAP in that it excludes securities gains and losses, amortization of intangible assets, restructuring charges, and other selected items. Adjusted revenue and adjusted noninterest expense are related measures used to calculate the adjusted efficiency ratio. Additionally, the adjusted fee income ratio is non-GAAP in that it excludes securities gains and losses and other selected items, and is calculated using adjusted revenue and adjusted noninterest income. Taxable equivalent revenue and taxable equivalent net interest income include a taxable equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue and adjusted noninterest income exclude securities gains and losses and other selected items. Adjusted noninterest expense excludes restructuring charges and other selected items. Truist’s management calculated these measures based on Truist’s continuing operations. Truist’s management uses these measures in their analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges.

•PPNR - Pre-provision net revenue is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes. Adjusted pre-provision net revenue is a non-GAAP measure that additionally excludes securities gains (losses), restructuring charges, and other selected items. Truist’s management calculated these measures based on Truist’s continuing operations. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods.

•Tangible Common Equity and Related Measures - Tangible common equity and related measures, including ROTCE and TBVPS, are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes, and their related amortization. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess profitability, returns relative to balance sheet risk, and shareholder value.

A reconciliation of each of these non-GAAP measures to the most directly comparable GAAP measure is included in this release or the appendix to Truist’s Third Quarter 2025 Earnings Presentation, which is available at https://ir.truist.com/earnings.


Forward Looking Statements

From time to time we have made, and in the future will make, 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 our expectations, intentions, or forecasts about future events, circumstances, or results.

This news release, including any information incorporated by reference herein, contains forward-looking statements. We also may make forward-looking statements in other documents that are filed or furnished with the SEC. In addition, we may make forward-looking statements orally or in writing to investors, analysts, members of the media, and others. 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 our 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 forward-looking statements include:

•evolving political, geopolitical, business, social, economic, and market conditions at local, regional, national, and international levels;

•monetary, fiscal, and trade laws or policies, including tariffs or changes in interest rates;

•the legal, regulatory, and supervisory environment, including changes in financial-services legislation, regulation, policies, or government officials or other personnel;

•our ability to address heightened scrutiny and expectations from supervisory or other governmental authorities and to timely and credibly remediate related concerns or deficiencies;

•judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings that create uncertainty for or are adverse to us or the financial-services industry;

•the outcomes of judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings to which we are or may be subject (either directly or indirectly through our ownership interests in other entities) and our ability to absorb and address any damages or other remedies that are sought or awarded and any collateral consequences;

•evolving accounting standards and policies;

•the adequacy of our corporate governance, risk-management framework, compliance programs, and internal controls over financial reporting, including our ability to control lapses or deficiencies in financial reporting, to make appropriate estimates, or to effectively mitigate or manage operational risk;

•any instability or breakdown in the financial system, including as a result of the actual or perceived soundness of another financial institution or another participant in the financial system;

•disruptions and shifts in investor sentiment or behavior in the securities, capital, or other financial markets, including financial or systemic shocks and volatility or changes in market liquidity, interest or currency rates, or valuations;

•our ability to cost-effectively fund our businesses and operations, including by accessing long- and short-term funding and liquidity and by retaining and growing client deposits;

•changes in any of our credit ratings;

•our ability to manage any unexpected outflows of uninsured deposits and avoid selling investment securities or other assets at an unfavorable time or at a loss;

•negative market perceptions of our investment portfolio or its value;

•adverse publicity or other reputational harm to us, our service providers, or our senior officers;

•business and consumer sentiment, preferences, or behavior, including spending, borrowing, or saving by businesses or households;

•our ability to execute on strategic and operational plans, including accelerating growth, improving profitability, investing in talent, technology, and risk infrastructure, maintaining expense, credit, and risk discipline, and returning capital to shareholders;

•changes in our corporate and business strategies, the composition of our assets, or the way in which we fund those assets;

•our ability to successfully make and integrate acquisitions and to effect divestitures;

•our ability to develop, maintain, and market our products or services or to absorb unanticipated costs or liabilities associated with those products or services;

•our ability to innovate, to anticipate the needs of current or future clients, to successfully compete, to increase or hold market share in changing competitive environments, or to deal with pricing or other competitive pressures;

•our ability to maintain secure and functional financial, accounting, technology, data processing, or other operating systems or infrastructure, including those that safeguard personal and other sensitive information;

•our ability to appropriately underwrite loans that we originate or purchase and to otherwise manage credit risk;

•our ability to satisfactorily and profitably perform loan servicing and similar obligations;

•the credit, liquidity, or other financial condition of our clients, counterparties, service providers, or competitors;

•our ability to effectively deal with economic, business, or market slowdowns or disruptions;

•the efficacy of our methods or models in assessing business strategies or opportunities or in valuing, measuring, estimating, monitoring, or managing positions or risk;

•our ability to keep pace with changes in technology that affect us or our clients, counterparties, service providers, or competitors or to maintain rights or interests in associated intellectual property;

•our ability to attract, hire, and retain key teammates and to engage in adequate succession planning;

•the performance and availability of third-party service providers on whom we rely in delivering products and services to our clients and otherwise in conducting our business and operations;

•our ability to detect, prevent, mitigate, and otherwise manage the risk of fraud or misconduct by internal or external parties;

•our ability to manage and mitigate physical-security and cybersecurity risks, including denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, environmental conditions, and intentional acts of destruction;

•natural or other disasters, calamities, and conflicts, including terrorist events, cyber-warfare, and pandemics;

•widespread outages of operational, communication, and other systems;

•our ability to maintain appropriate corporate responsibility practices, oversight, and disclosures;

•policies and other actions of governments to manage and mitigate climate and related environmental risks, and the effects of climate change or the transition to a lower-carbon economy on our business, operations, and reputation; and

•other assumptions, risks, or uncertainties described in the Risk Factors (Item 1A), Management’s Discussion and Analysis of Financial Condition and Results of Operations (Item 7), or the Notes to the Consolidated Financial Statements (Item 8) in our Annual Report on Form 10-K or described in any of the Company’s subsequent quarterly or current reports.

Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do 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 we may make in any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, or Current Report on Form 8-K.

Quarterly Performance Summary

Truist Financial Corporation


Table of Contents
Quarterly Performance Summary
Truist Financial Corporation




						Page
Financial Highlights						1

Consolidated Statements of Income						2

Consolidated Ending Balance Sheets						3


Average Balances and Rates						4

Credit Quality						6

Segment Financial Performance						9
Capital Information						10
Selected Mortgage Banking Information & Additional Information						11
Selected Items						12

Financial Highlights


	Quarter Ended															Year-to-Date
(Dollars in millions, except per share data, shares in thousands)	Sept. 30			June 30			March 31			Dec. 31			Sept. 30			Sept. 30			Sept. 30
	2025			2025			2025			2024			2024			2025			2024
Summary Income Statement
Interest income	$	6,286		$	6,154		$	5,988		$	6,179		$	6,352		$	18,428		$	18,887
Plus: Taxable-equivalent adjustment	51			48			48			51			55			147			161
Interest income - taxable equivalent(1)	6,337			6,202			6,036			6,230			6,407			18,575			19,048
Interest expense	2,657			2,567			2,481			2,589			2,750			7,705			8,386
Net interest income	3,629			3,587			3,507			3,590			3,602			10,723			10,501
Net interest income - taxable equivalent(1)	3,680			3,635			3,555			3,641			3,657			10,870			10,662
Provision for credit losses	436			488			458			471			448			1,382			1,399
Net interest income after provision for credit losses	3,193			3,099			3,049			3,119			3,154			9,341			9,102
Noninterest income	1,558			1,400			1,392			1,470			1,483			4,350			(2,283)
Noninterest expense	3,014			2,986			2,906			3,035			2,927			8,906			8,974
Income (loss) before income taxes	1,737			1,513			1,535			1,554			1,710			4,785			(2,155)
Provision (benefit) for income taxes	285			273			274			265			271			832			(821)
Net income (loss) from continuing operations	1,452			1,240			1,261			1,289			1,439			3,953			(1,334)
Net income (loss) from discontinued operations	—			—			—			(13)			3			—			4,898
Net income	1,452			1,240			1,261			1,276			1,442			3,953			3,564

Noncontrolling interests from discontinued operations	—			—			—			—			—			—			22

Preferred stock dividends and other	104			60			104			60			106			268			289
Net Income available to common shareholders	1,348			1,180			1,157			1,216			1,336			3,685			3,253
Net income available to common shareholders - adjusted(1)	1,348			1,193			1,158			1,211			1,307			3,699			3,758
Additional Income Statement Information
Revenue	5,187			4,987			4,899			5,060			5,085			15,073			8,218
Revenue - taxable equivalent(1)	5,238			5,035			4,947			5,111			5,140			15,220			8,379
Pre-provision net revenue - unadjusted(1)	2,224			2,049			2,041			2,076			2,213			6,314			(595)
Pre-provision net revenue - adjusted(1)	2,251			2,095			2,080			2,080			2,222			6,426			6,386
Key Metrics
Earnings:
Earnings per share-basic from continuing operations(2)	$	1.05		$	0.91		$	0.88		$	0.93		$	1.00		$	2.85		$	(1.21)

Earnings per share-basic	1.05			0.91			0.88			0.92			1.00			2.85			2.44
Earnings per share-diluted from continuing operations(2)	1.04			0.90			0.87			0.92			0.99			2.82			(1.21)

Earnings per share-diluted	1.04			0.90			0.87			0.91			0.99			2.82			2.44
Earnings per share-adjusted diluted(1)	1.04			0.91			0.87			0.91			0.97			2.83			2.79
Cash dividends declared per share	0.52			0.52			0.52			0.52			0.52			1.56			1.56
Common shareholders’ equity per share	46.70			45.70			44.85			43.90			44.46
Tangible common shareholders’ equity per share(1)	32.57			31.63			30.95			30.01			30.64
End of period shares outstanding	1,279,246			1,289,435			1,309,539			1,315,936			1,327,521
Weighted average shares outstanding-basic	1,280,571			1,292,292			1,307,457			1,317,017			1,334,212			1,293,341			1,335,812
Weighted average shares outstanding-diluted	1,296,666			1,305,005			1,324,339			1,333,701			1,349,129			1,308,676			1,335,812
Return on average assets	1.06		%	0.93		%	0.96		%	0.96		%	1.10		%	0.98		%	0.91		%
Return on average common shareholders’ equity	9.0			8.1			8.1			8.4			9.1			8.4			7.9
Return on average tangible common shareholders’ equity(1)	13.6			12.3			12.3			12.9			13.8			12.8			13.4
Net interest margin - taxable equivalent(1)	3.01			3.02			3.01			3.07			3.12			3.01			3.01
Efficiency ratio-unadjusted(2)	58.1			59.9			59.3			60.0			57.5			59.1			NM
Efficiency ratio-adjusted(1)(2)	55.7			57.1			56.4			57.7			55.2			56.4			55.8
Fee income ratio-unadjusted(2)	30.0			28.1			28.4			29.0			29.2			28.9			NM
Fee income ratio-adjusted(1)(2)	29.7			28.1			28.2			28.8			28.9			28.7			29.1
Credit Quality
Nonperforming loans and leases as a percentage of LHFI	0.48		%	0.39		%	0.48		%	0.47		%	0.48		%
Net charge-offs as a percentage of average LHFI	0.48			0.51			0.60			0.59			0.55			0.53		%	0.59		%

Allowance for loan and lease losses as a percentage of LHFI	1.54			1.54			1.58			1.59			1.60
Ratio of allowance for loan and lease losses to nonperforming LHFI	3.2x			3.9x			3.3x			3.4x			3.3x
Average Balances
Assets	$	541,825		$	537,069		$	531,630		$	527,013		$	519,415		$	536,879		$	525,747
Securities(3)	119,180			121,829			124,061			124,871			117,172			121,672			123,518
Loans and leases	322,070			313,841			307,528			304,609			304,578			314,533			307,186
Deposits	396,600			400,483			392,204			390,042			384,344			396,445			387,138
Common shareholders’ equity	59,141			58,327			58,125			57,754			58,667			58,535			55,245
Total shareholders’ equity	65,049			64,235			64,033			64,295			65,341			64,443			62,022
Period-End Balances
Assets	$	543,851		$	543,833		$	535,899		$	531,176		$	523,434
Securities(3)	113,544			115,363			117,888			118,104			115,606
Loans and leases	325,663			319,999			309,752			307,771			304,362
Deposits	394,907			406,122			403,736			390,524			387,778
Common shareholders’ equity	59,739			58,933			58,728			57,772			59,023
Total shareholders’ equity	65,646			64,840			64,635			63,679			65,696
Capital and Liquidity Ratios	(preliminary)
Common equity tier 1	11.0		%	11.0		%	11.3		%	11.5		%	11.6		%
Tier 1	12.3			12.3			12.7			12.9			13.2
Total	14.2			14.3			14.7			15.0			15.3
Leverage	10.2			10.2			10.3			10.5			10.8
Supplementary leverage	8.5			8.5			8.7			8.8			9.1
Liquidity coverage ratio	110			110			111			109			112

Applicable ratios are annualized.

(1)Represents a non-GAAP measure. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in this Quarterly Performance Summary or the appendix to Truist’s Third Quarter 2025 Earnings Presentation.

(2)This metric is calculated based on continuing operations.

(3)Includes AFS and HTM securities. Average balances reflect AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.

Consolidated Statements of Income


	Quarter Ended										Year-to-Date
	Sept. 30		June 30		March 31		Dec. 31		Sept. 30		Sept. 30		Sept. 30
(Dollars in millions, except per share data, shares in thousands)	2025		2025		2025		2024		2024		2025		2024
Interest Income
Interest and fees on loans and leases	$	4,816	$	4,657	$	4,493	$	4,634	$	4,852	$	13,966	$	14,596
Interest on securities	941		961		975		994		869		2,877		2,512
Interest on other earning assets	529		536		520		551		631		1,585		1,779
Total interest income	6,286		6,154		5,988		6,179		6,352		18,428		18,887
Interest Expense
Interest on deposits	1,835		1,844		1,736		1,855		2,014		5,415		5,994
Interest on long-term debt	523		431		409		431		454		1,363		1,382
Interest on other borrowings	299		292		336		303		282		927		1,010
Total interest expense	2,657		2,567		2,481		2,589		2,750		7,705		8,386
Net Interest Income	3,629		3,587		3,507		3,590		3,602		10,723		10,501
Provision for credit losses	436		488		458		471		448		1,382		1,399
Net Interest Income After Provision for Credit Losses	3,193		3,099		3,049		3,119		3,154		9,341		9,102
Noninterest Income

Wealth management income	374		348		344		345		350		1,066		1,067
Investment banking and trading income	323		205		273		262		332		801		941
Card and payment related fees	225		232		220		231		222		677		676
Service charges on deposits	240		227		230		237		221		697		678
Mortgage banking income	118		107		108		117		106		333		315
Lending related fees	103		99		95		93		88		297		273
Operating lease income	45		47		53		47		49		145		158
Securities gains (losses)	—		(18)		(1)		(1)		—		(19)		(6,650)
Other income	130		153		70		139		115		353		259
Total noninterest income	1,558		1,400		1,392		1,470		1,483		4,350		(2,283)
Noninterest Expense
Personnel expense	1,726		1,653		1,587		1,587		1,628		4,966		4,919
Professional fees and outside processing	346		373		364		415		336		1,083		922
Software expense	233		231		230		232		222		694		664
Net occupancy expense	182		179		163		179		157		524		477
Equipment expense	90		89		82		112		84		261		261
Amortization of intangibles	72		73		75		84		84		220		261
Marketing and customer development	79		82		75		74		75		236		194
Operating lease depreciation	31		33		35		36		34		99		108
Regulatory costs	32		55		69		56		51		156		288
Restructuring charges	27		28		38		11		25		93		109

Other expense	196		190		188		249		231		574		771
Total noninterest expense	3,014		2,986		2,906		3,035		2,927		8,906		8,974
Earnings
Income (loss) before income taxes	1,737		1,513		1,535		1,554		1,710		4,785		(2,155)
Provision (benefit) for income taxes	285		273		274		265		271		832		(821)
Net income (loss) from continuing operations	1,452		1,240		1,261		1,289		1,439		3,953		(1,334)
Net income (loss) from discontinued operations	—		—		—		(13)		3		—		4,898
Net income	1,452		1,240		1,261		1,276		1,442		3,953		3,564

Noncontrolling interests from discontinuing operations	—		—		—		—		—		—		22


Preferred stock dividends and other	104		60		104		60		106		268		289


Net income available to common shareholders	$	1,348	$	1,180	$	1,157	$	1,216	$	1,336	$	3,685	$	3,253
Earnings Per Common Share
Earnings per share-basic from continuing operations	$	1.05	$	0.91	$	0.88	$	0.93	$	1.00	$	2.85	$	(1.21)

Earnings per share-basic	1.05		0.91		0.88		0.92		1.00		2.85		2.44
Earnings per share-diluted from continuing operations	1.04		0.90		0.87		0.92		0.99		2.82		(1.21)

Earnings per share-diluted	1.04		0.90		0.87		0.91		0.99		2.82		2.44
Weighted Average Shares Outstanding
Basic	1,280,571		1,292,292		1,307,457		1,317,017		1,334,212		1,293,341		1,335,812
Diluted	1,296,666		1,305,005		1,324,339		1,333,701		1,349,129		1,308,676		1,335,812

Consolidated Ending Balance Sheets - Five Quarter Trend


	Sept. 30		June 30		March 31		Dec. 31		Sept. 30
(Dollars in millions)	2025		2025		2025		2024		2024
Assets
Cash and due from banks	$	4,329	$	5,157	$	5,996	$	5,793	$	5,229
Interest-bearing deposits with banks	32,523		36,294		36,175		33,975		34,411
Securities borrowed or purchased under resale agreements	2,981		2,656		2,810		2,550		2,973
Trading assets at fair value	5,731		5,963		5,838		5,100		5,209
Securities available for sale at fair value	65,522		66,390		68,012		67,464		64,111
Securities held to maturity at amortized cost	48,022		48,973		49,876		50,640		51,495
Loans and leases:
Commercial:
Commercial and industrial	163,607		162,273		156,679		154,848		153,925
CRE	22,414		20,270		19,578		20,363		20,912
Commercial construction	8,027		8,277		8,766		8,520		7,980

Consumer:
Residential mortgage	57,623		57,828		56,099		55,599		53,963
Home equity	9,618		9,591		9,523		9,642		9,680
Indirect auto	25,490		24,558		23,628		23,089		22,508
Other consumer	32,070		31,122		29,537		29,395		29,282

Credit card	4,889		4,877		4,828		4,927		4,834

Total loans and leases held for investment	323,738		318,796		308,638		306,383		303,084
Loans held for sale	1,925		1,203		1,114		1,388		1,278
Total loans and leases	325,663		319,999		309,752		307,771		304,362
Allowance for loan and lease losses	(4,988)		(4,899)		(4,870)		(4,857)		(4,842)
Premises and equipment	3,176		3,197		3,168		3,225		3,251
Goodwill	17,125		17,125		17,125		17,125		17,125
Core deposit and other intangible assets	1,328		1,399		1,473		1,550		1,635
Loan servicing rights at fair value	3,776		3,612		3,628		3,708		3,499
Other assets	38,663		37,967		36,916		37,132		34,976

Total assets	$	543,851	$	543,833	$	535,899	$	531,176	$	523,434
Liabilities
Deposits:
Noninterest-bearing deposits	$	106,197	$	106,442	$	108,461	$	107,451	$	105,984
Interest checking	109,827		118,122		118,043		109,042		109,493
Money market and savings	135,931		133,891		136,777		137,307		134,349
Time deposits	42,952		47,667		40,455		36,724		37,952

Total deposits	394,907		406,122		403,736		390,524		387,778
Short-term borrowings	29,376		16,631		23,730		29,205		20,859
Long-term debt	41,729		44,427		32,030		34,956		36,770
Other liabilities	12,193		11,813		11,768		12,812		12,331

Total liabilities	478,205		478,993		471,264		467,497		457,738
Shareholders’ Equity:
Preferred stock	5,907		5,907		5,907		5,907		6,673
Common stock	6,396		6,447		6,548		6,580		6,638
Additional paid-in capital	34,278		34,620		35,178		35,628		36,020
Retained earnings	25,438		24,759		24,252		23,777		23,248
Accumulated other comprehensive loss	(6,373)		(6,893)		(7,250)		(8,213)		(6,883)

Total shareholders’ equity	65,646		64,840		64,635		63,679		65,696
Total liabilities and shareholders’ equity	$	543,851	$	543,833	$	535,899	$	531,176	$	523,434

Average Balances and Rates - Quarters


	Quarter Ended
	September 30, 2025						June 30, 2025						March 31, 2025						December 31, 2024						September 30, 2024
(Dollars in millions)	Average Balances(1)		Income/ Expense(2)		Yields/ Rates(2)		Average Balances(1)		Income/ Expense(2)		Yields/ Rates(2)		Average Balances(1)		Income/ Expense(2)		Yields/ Rates(2)		Average Balances(1)		Income/ Expense(2)		Yields/ Rates(2)		Average Balances(1)		Income/ Expense(2)		Yields/ Rates(2)
Assets
AFS and HTM securities at amortized cost:
U.S. Treasury	$	13,351	$	174	5.18	%	$	14,034	$	181	5.20	%	$	14,867	$	191	5.19	%	$	14,387	$	196	5.40	%	$	12,986	$	151	4.65	%
U.S. government-sponsored entities (GSE)	458		4		3.86		463		5		3.73		462		4		3.75		412		3		3.42		377		4		3.41
Mortgage-backed securities issued by GSE	104,998		760		2.89		106,947		772		2.89		108,345		777		2.87		109,644		792		2.89		103,374		711		2.75
States and political subdivisions	358		3		4.19		370		4		4.20		370		4		4.20		411		5		4.14		417		3		4.14

Other	15		1		4.50		15		—		4.53		17		—		4.72		17		—		5.16		18		1		5.18
Total securities	119,180		942		3.16		121,829		962		3.16		124,061		976		3.16		124,871		996		3.19		117,172		870		2.97
Loans and leases:
Commercial:
Commercial and industrial	162,207		2,312		5.66		158,491		2,262		5.72		155,214		2,184		5.70		153,209		2,293		5.95		154,102		2,482		6.41
CRE	21,171		336		6.25		19,687		308		6.22		19,832		302		6.12		20,504		337		6.47		21,481		373		6.88
Commercial construction	8,258		139		6.84		8,613		144		6.85		8,734		145		6.84		8,261		147		7.26		7,870		152		7.79

Consumer:
Residential mortgage	57,676		598		4.15		56,789		579		4.08		55,658		562		4.04		54,390		536		3.94		53,999		525		3.89
Home equity	9,588		182		7.51		9,586		178		7.47		9,569		177		7.48		9,675		189		7.78		9,703		196		8.04
Indirect auto	24,964		459		7.29		24,158		441		7.32		23,248		412		7.19		22,790		411		7.19		22,121		399		7.18
Other consumer	31,714		668		8.36		30,387		634		8.37		29,291		602		8.33		29,355		606		8.21		29,015		603		8.26

Credit card	4,915		146		11.74		4,890		139		11.35		4,849		138		11.60		4,926		143		11.54		4,874		150		12.20

Total loans and leases held for investment	320,493		4,840		6.00		312,601		4,685		6.01		306,395		4,522		5.97		303,110		4,662		6.12		303,165		4,880		6.41
Loans held for sale	1,577		24		6.18		1,240		19		6.15		1,133		17		5.93		1,499		21		5.87		1,413		24		6.49
Total loans and leases	322,070		4,864		6.00		313,841		4,704		6.01		307,528		4,539		5.97		304,609		4,683		6.12		304,578		4,904		6.41

Interest earning trading assets	5,991		86		5.70		5,896		88		5.98		5,628		80		5.72		5,462		79		5.86		5,454		84		6.05
Other earning assets(3)	38,765		445		4.50		39,417		448		4.51		38,997		441		4.53		37,697		472		4.91		38,933		549		5.54
Total earning assets	486,006		6,337		5.18		480,983		6,202		5.16		476,214		6,036		5.12		472,639		6,230		5.25		466,137		6,407		5.47
Nonearning assets	55,819						56,086						55,416						54,374						53,278

Total assets	$	541,825					$	537,069					$	531,630					$	527,013					$	519,415
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking	$	109,244	677		2.46		$	116,193	726		2.51		$	109,208	640		2.37		$	107,075	679		2.52		$	103,899	732		2.80
Money market and savings	136,515		755		2.19		135,607		751		2.22		136,897		743		2.20		138,242		838		2.41		136,639		914		2.66
Time deposits	45,090		403		3.54		41,997		367		3.50		40,204		353		3.56		36,757		338		3.66		37,726		368		3.88

Total interest-bearing deposits	290,849		1,835		2.50		293,797		1,844		2.52		286,309		1,736		2.46		282,074		1,855		2.62		278,264		2,014		2.88
Short-term borrowings	26,796		299		4.42		26,241		292		4.47		30,332		336		4.49		25,006		303		4.81		20,781		282		5.41
Long-term debt	41,458		523		5.04		34,213		431		5.02		32,418		409		5.05		34,133		431		5.06		35,318		454		5.13
Total interest-bearing liabilities	359,103		2,657		2.94		354,251		2,567		2.91		349,059		2,481		2.88		341,213		2,589		3.02		334,363		2,750		3.27
Noninterest-bearing deposits	105,751						106,686						105,895						107,968						106,080
Other liabilities	11,922						11,897						12,643						13,537						13,631

Shareholders’ equity	65,049						64,235						64,033						64,295						65,341
Total liabilities and shareholders’ equity	$	541,825					$	537,069					$	531,630					$	527,013					$	519,415
Average interest-rate spread					2.24						2.25						2.24						2.23						2.20

Net interest income/ net interest margin - taxable equivalent			$	3,680	3.01	%			$	3,635	3.02	%			$	3,555	3.01	%			$	3,641	3.07	%			$	3,657	3.12	%
Taxable-equivalent adjustment			51						48						48						51						55
Net interest income			$	3,629					$	3,587					$	3,507					$	3,590					$	3,602
Memo: Total deposits	$	396,600	1,835		1.84	%	$	400,483	1,844		1.85	%	$	392,204	1,736		1.79	%	$	390,042	1,855		1.89	%	$	384,344	2,014		2.08	%

(1)Represents daily average balances. Unrealized gains and losses on available-for-sale securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.

(2)Amounts are on a taxable-equivalent basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends.

(3)Includes cash equivalents, interest-bearing deposits with banks, FHLB stock, and other earning assets.

Average Balances and Rates - Year-To-Date


	Year-to-Date
	September 30, 2025						September 30, 2024
(Dollars in millions)	Average Balances(1)		Income/Expense(2)		Yields/ Rates(2)		Average Balances(1)		Income/Expense(2)		Yields/ Rates(2)
Assets
AFS and HTM securities at amortized cost:
U.S. Treasury	$	14,078	$	546	5.19	%	$	11,332	$	289	3.41	%
U.S. government-sponsored entities (GSE)	461		13		3.78		383		10		3.36
Mortgage-backed securities issued by GSE	106,752		2,309		2.88		109,654		2,166		2.63
States and political subdivisions	366		11		4.20		419		12		4.14
Non-agency mortgage-backed	—		—		—		1,712		37		2.85
Other	15		1		4.59		18		1		5.28
Total securities	121,672		2,880		3.16		123,518		2,515		2.72
Loans and leases:
Commercial:
Commercial and industrial	158,663		6,758		5.69		156,501		7,604		6.49
CRE	20,235		946		6.20		21,948		1,143		6.92
Commercial construction	8,533		428		6.84		7,551		436		7.82

Consumer:
Residential mortgage	56,715		1,739		4.09		54,518		1,578		3.86
Home equity	9,581		537		7.49		9,812		587		7.99
Indirect auto	24,129		1,312		7.27		22,170		1,152		6.94
Other consumer	30,474		1,904		8.36		28,545		1,745		8.17

Credit card	4,885		423		11.57		4,900		444		12.10

Total loans and leases held for investment	313,215		14,047		5.99		305,945		14,689		6.41
Loans held for sale	1,318		60		6.09		1,241		61		6.49
Total loans and leases	314,533		14,107		5.99		307,186		14,750		6.41

Interest earning trading assets	5,840		254		5.80		5,272		247		6.21
Other earning assets(3)	39,059		1,334		4.51		36,261		1,536		5.58
Total earning assets	481,104		18,575		5.15		472,237		19,048		5.38
Nonearning assets	55,775						50,114
Assets of discontinued operations	—						3,396
Total assets	$	536,879					$	525,747
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking	$	111,548	2,043		2.45		$	103,777	2,123		2.73
Money market and savings	136,339		2,249		2.21		135,537		2,619		2.58
Time deposits	42,448		1,123		3.54		40,295		1,252		4.15

Total interest-bearing deposits	290,335		5,415		2.49		279,609		5,994		2.86
Short-term borrowings	27,777		927		4.46		24,329		1,010		5.55
Long-term debt	36,063		1,363		5.04		37,579		1,382		4.90
Total interest-bearing liabilities	354,175		7,705		2.91		341,517		8,386		3.28
Noninterest-bearing deposits	106,110						107,529
Other liabilities	12,151						13,278
Liabilities of discontinued operations	—						1,401
Shareholders’ equity	64,443						62,022
Total liabilities and shareholders’ equity	$	536,879					$	525,747
Average interest-rate spread					2.24						2.10

Net interest income/ net interest margin - taxable equivalent			$	10,870	3.01	%			$	10,662	3.01	%
Taxable-equivalent adjustment			147						161
Net interest income			$	10,723					$	10,501
Memo: Total deposits	$	396,445	5,415		1.83	%	$	387,138	5,994		2.07	%

(3)Includes cash equivalents, interest-bearing deposits with banks, FHLB stock, and other earning assets.


	Sept. 30		June 30		March 31		Dec. 31		Sept. 30
(Dollars in millions)	2025		2025		2025		2024		2024
Nonperforming Assets
Nonaccrual loans and leases:
Commercial:
Commercial and industrial	$	800	$	520	$	586	$	521	$	575
CRE	98		128		294		298		302
Commercial construction	42		1		2		3		1

Consumer:
Residential mortgage	196		191		179		166		156
Home equity	103		107		114		116		118
Indirect auto	247		240		248		259		252
Other consumer	66		64		65		66		63


Total nonaccrual loans and leases held for investment	1,552		1,251		1,488		1,429		1,467
Loans held for sale	19		12		77		—		5
Total nonaccrual loans and leases	1,571		1,263		1,565		1,429		1,472
Foreclosed real estate	4		4		4		3		3

Other foreclosed property	54		49		49		45		53
Total nonperforming assets	$	1,629	$	1,316	$	1,618	$	1,477	$	1,528



















Loans 90 Days or More Past Due and Still Accruing
Commercial:
Commercial and industrial	$	3	$	2	$	5	$	19	$	5
CRE	—		—		—		1		—


Consumer:
Residential mortgage - government guaranteed	438		424		468		430		394
Residential mortgage - nonguaranteed	41		41		62		51		39
Home equity	6		6		6		9		7
Indirect auto	—		—		—		—		—
Other consumer	27		24		23		23		22


Credit card	69		49		52		54		51

Total loans 90 days past due and still accruing	$	584	$	546	$	616	$	587	$	518
Loans 30-89 Days Past Due
Commercial:
Commercial and industrial	$	73	$	122	$	118	$	168	$	116
CRE	6		34		12		60		10
Commercial construction	5		15		—		3		4

Consumer:
Residential mortgage - government guaranteed	327		330		284		318		305
Residential mortgage - nonguaranteed	344		365		347		401		366
Home equity	54		54		57		60		63
Indirect auto	620		582		484		622		596
Other consumer	241		239		246		236		233


Credit card	73		70		71		81		76

Total loans 30-89 days past due	$	1,743	$	1,811	$	1,619	$	1,949	$	1,769



	As of/For the Quarter Ended
	Sept. 30		June 30		March 31		Dec. 31		Sept. 30
	2025		2025		2025		2024		2024
Asset Quality Ratios
Loans 30-89 days past due and still accruing as a percentage of loans and leases	0.54	%	0.57	%	0.52	%	0.64	%	0.58	%
Loans 90 days or more past due and still accruing as a percentage of loans and leases	0.18		0.17		0.20		0.19		0.17
Nonperforming loans and leases as a percentage of loans and leases	0.48		0.39		0.48		0.47		0.48
Nonperforming loans and leases as a percentage of loans and leases(1)	0.48		0.39		0.51		0.46		0.48
Nonperforming assets as a percentage of:
Total assets(1)	0.30		0.24		0.30		0.28		0.29
Loans and leases plus foreclosed property	0.50		0.41		0.50		0.48		0.50
Net charge-offs as a percentage of average loans and leases	0.48		0.51		0.60		0.59		0.55

Allowance for loan and lease losses as a percentage of loans and leases	1.54		1.54		1.58		1.59		1.60
Ratio of allowance for loan and lease losses to:
Net charge-offs	3.3X		3.1X		2.6X		2.7X		2.9X
Nonperforming loans and leases	3.2X		3.9X		3.3X		3.4X		3.3X
Asset Quality Ratios (Excluding Government Guaranteed)
Loans 90 days or more past due and still accruing as a percentage of loans and leases	0.05	%	0.04	%	0.05	%	0.05	%	0.04	%
Applicable ratios are annualized.
(1)Includes loans held for sale.

							As of/For the Year-to-Date
							Period Ended Sept. 30
							2025		2024
Asset Quality Ratios
Net charge-offs as a percentage of average loans and leases							0.53	%	0.59	%
Ratio of allowance for loan and lease losses to net charge-offs							3.0X		2.7X
Applicable ratios are annualized.



	As of/For the Quarter Ended										As of/For the Year-to-Date
	Sept. 30		June 30		March 31		Dec. 31		Sept. 30		Period Ended Sept. 30
(Dollars in millions)	2025		2025		2025		2024		2024		2025		2024
Allowance for Credit Losses
Beginning balance	$	5,253	$	5,166	$	5,161	$	5,140	$	5,110	$	5,161	$	5,093
Provision for credit losses	436		488		458		471		448		1,382		1,399
Charge-offs:
Commercial:
Commercial and industrial	(98)		(120)		(102)		(119)		(96)		(320)		(276)
CRE	(25)		(38)		(70)		(51)		(65)		(133)		(265)


Consumer:
Residential mortgage	(1)		(1)		(1)		(1)		—		(3)		(2)
Home equity	(2)		(4)		(2)		(2)		(1)		(8)		(7)
Indirect auto	(150)		(127)		(154)		(158)		(143)		(431)		(433)
Other consumer	(155)		(146)		(154)		(148)		(152)		(455)		(458)

Credit card	(49)		(70)		(74)		(74)		(71)		(193)		(222)

Total charge-offs	(480)		(506)		(557)		(553)		(528)		(1,543)		(1,663)
Recoveries:
Commercial:
Commercial and industrial	20		31		24		15		26		75		72
CRE	2		3		7		17		5		12		17
Commercial construction	—		1		—		—		1		1		2

Consumer:
Residential mortgage	2		—		2		2		1		4		4
Home equity	5		4		4		3		4		13		13
Indirect auto	25		28		25		24		38		78		96
Other consumer	31		31		30		28		26		92		82

Credit card	10		12		11		11		9		33		27

Total recoveries	95		110		103		100		110		308		313
Net charge-offs	(385)		(396)		(454)		(453)		(418)		(1,235)		(1,350)
Other	1		(5)		1		3		—		(3)		(2)
Ending balance	$	5,305	$	5,253	$	5,166	$	5,161	$	5,140	$	5,305	$	5,140
Allowance for Credit Losses:


Allowance for loan and lease losses	$	4,988	$	4,899	$	4,870	$	4,857	$	4,842
Reserve for unfunded lending commitments (RUFC)	317		354		296		304		298
Allowance for credit losses	$	5,305	$	5,253	$	5,166	$	5,161	$	5,140


	Quarter Ended										As of/For the Year-to-Date
	Sept. 30		June 30		March 31		Dec. 31		Sept. 30		Period Ended Sept. 30
	2025		2025		2025		2024		2024		2025		2024
Net Charge-offs as a Percentage of Average Loans and Leases:
Commercial:
Commercial and industrial	0.19	%	0.22	%	0.20	%	0.27	%	0.18	%	0.21	%	0.17	%
CRE	0.44		0.71		1.29		0.66		1.12		0.80		1.51
Commercial construction	(0.03)		(0.02)		(0.02)		(0.02)		(0.01)		(0.02)		(0.03)
Consumer:
Residential mortgage	—		—		—		(0.01)		(0.01)		—		(0.01)
Home equity	(0.11)		(0.04)		(0.07)		(0.07)		(0.11)		(0.07)		(0.07)
Indirect auto	1.99		1.63		2.26		2.33		1.89		1.96		2.03
Other consumer	1.55		1.54		1.71		1.63		1.73		1.60		1.76
Credit card	3.13		4.84		5.21		5.10		5.04		4.38		5.31

Total loans and leases	0.48		0.51		0.60		0.59		0.55		0.53		0.59

Applicable ratios are annualized.

Segment Financial Performance - Preliminary



	Quarter Ended
	Sept. 30		June 30		March 31		Dec. 31		Sept. 30
(Dollars in millions)	2025		2025		2025		2024		2024
Consumer and Small Business Banking
Net interest income (expense)	$	1,564	$	1,490	$	1,429	$	1,392	$	1,348
Net intersegment interest income (expense)	888		868		855		1,103		1,182
Segment net interest income (expense)	2,452		2,358		2,284		2,495		2,530
Allocated provision for credit losses	400		384		328		347		353


Noninterest income	530		519		503		535		506
Personnel expense	426		414		415		413		406
Amortization of intangibles	38		39		39		45		45
Restructuring charges	4		1		—		1		1

Other direct noninterest expense	267		276		271		303		294
Direct noninterest expense	735		730		725		762		746
Expense allocations	969		969		938		979		917
Total noninterest expense	1,704		1,699		1,663		1,741		1,663
Income (loss) before income taxes	878		794		796		942		1,020
Provision (benefit) for income taxes	215		193		194		227		244
Segment net income (loss)	$	663	$	601	$	602	$	715	$	776




Wholesale Banking
Net interest income (expense)	$	2,035	$	1,878	$	1,890	$	1,973	$	2,101
Net intersegment interest income (expense)	(366)		(214)		(294)		(372)		(512)
Segment net interest income (expense)	1,669		1,664		1,596		1,601		1,589
Allocated provision for credit losses	36		104		131		123		96


Noninterest income	1,143		943		948		1,038		1,047
Personnel expense	592		569		557		560		578
Amortization of intangibles	34		34		36		39		39
Restructuring charges	7		7		1		4		9

Other direct noninterest expense	199		203		194		208		182
Direct noninterest expense	832		813		788		811		808
Expense allocations	487		521		520		492		432
Total noninterest expense	1,319		1,334		1,308		1,303		1,240
Income (loss) before income taxes	1,457		1,169		1,105		1,213		1,300
Provision (benefit) for income taxes	307		236		221		240		260
Segment net income (loss)	$	1,150	$	933	$	884	$	973	$	1,040































Other, Treasury & Corporate(1)
Net interest income (expense)	$	30	$	219	$	188	$	225	$	153
Net intersegment interest income (expense)	(522)		(654)		(561)		(731)		(670)
Segment net interest income (expense)	(492)		(435)		(373)		(506)		(517)
Allocated provision for credit losses	—		—		(1)		1		(1)


Noninterest income	(115)		(62)		(59)		(103)		(70)
Personnel expense	708		670		615		614		644
Amortization of intangibles	—		—		—		—		—
Restructuring charges	16		20		37		6		15

Other direct noninterest expense	723		753		741		842		714
Direct Noninterest Expense	1,447		1,443		1,393		1,462		1,373
Expense Allocations	(1,456)		(1,490)		(1,458)		(1,471)		(1,349)
Total noninterest expense	(9)		(47)		(65)		(9)		24
Income (loss) before income taxes	(598)		(450)		(366)		(601)		(610)
Provision (benefit) for income taxes	(237)		(156)		(141)		(202)		(233)
Segment net income (loss)	$	(361)	$	(294)	$	(225)	$	(399)	$	(377)


Total Truist Financial Corporation
Net interest income (expense)	$	3,629	$	3,587	$	3,507	$	3,590	$	3,602
Net intersegment interest income (expense)	—		—		—		—		—
Segment net interest income (expense)	3,629		3,587		3,507		3,590		3,602
Allocated provision for credit losses	436		488		458		471		448
Noninterest income	1,558		1,400		1,392		1,470		1,483


Personnel expense	1,726		1,653		1,587		1,587		1,628
Amortization of intangibles	72		73		75		84		84
Restructuring charges	27		28		38		11		25

Other direct noninterest expense	1,189		1,232		1,206		1,353		1,190
Direct Noninterest Expense	3,014		2,986		2,906		3,035		2,927
Expense Allocations	—		—		—		—		—
Total noninterest expense	3,014		2,986		2,906		3,035		2,927
Income before income taxes	1,737		1,513		1,535		1,554		1,710
Provision for income taxes	285		273		274		265		271
Net Income from continuing operations	$	1,452	$	1,240	$	1,261	$	1,289	$	1,439

(1)Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.

Capital Information - Five Quarter Trend


	As of/For the Quarter Ended
	Sept. 30			June 30			March 31			Dec. 31			Sept. 30
(Dollars in millions, except per share data, shares in thousands)	2025			2025			2025			2024			2024
Selected Capital Information	(preliminary)
Risk-based capital:
Common equity tier 1	$	48,031		$	47,678		$	47,767		$	48,225		$	48,076
Tier 1	53,935			53,582			53,671			54,128			54,746
Total	62,377			62,119			62,349			62,583			63,349
Risk-weighted assets	438,467			434,609			424,059			418,337			414,828
Average quarterly assets for leverage ratio	529,861			525,567			519,981			515,830			508,280
Average quarterly assets for supplementary leverage ratio	635,190			626,855			619,992			612,764			600,000
Risk-based capital ratios:
Common equity tier 1	11.0		%	11.0		%	11.3		%	11.5		%	11.6		%
Tier 1	12.3			12.3			12.7			12.9			13.2
Total	14.2			14.3			14.7			15.0			15.3
Leverage capital ratio	10.2			10.2			10.3			10.5			10.8
Supplementary leverage	8.5			8.5			8.7			8.8			9.1
Common equity per common share	$	46.70		$	45.70		$	44.85		$	43.90		$	44.46

	Sept. 30			June 30			March 31			Dec. 31			Sept. 30
(Dollars in millions, except per share data, shares in thousands)	2025			2025			2025			2024			2024
Calculations of Tangible Common Equity and Related Measures:(1)
Total shareholders’ equity	$	65,646		$	64,840		$	64,635		$	63,679		$	65,696
Less:
Preferred stock	5,907			5,907			5,907			5,907			6,673

Intangible assets, net of deferred taxes (including discontinued operations)	18,076			18,143			18,203			18,274			18,350
Tangible common equity	$	41,663		$	40,790		$	40,525		$	39,498		$	40,673







Outstanding shares at end of period (in thousands)	1,279,246			1,289,435			1,309,539			1,315,936			1,327,521
Tangible common equity per common share	$	32.57		$	31.63		$	30.95		$	30.01		$	30.64

Total assets	$	543,851		$	543,833		$	535,899		$	531,176		$	523,434
Less: Intangible assets, net of deferred taxes (including discontinued operations prior to the sale of TIH)	18,076			18,143			18,203			18,274			18,350
Tangible assets	$	525,775		$	525,690		$	517,696		$	512,902		$	505,084

Equity as a percentage of total assets	12.1		%	11.9		%	12.1		%	12.0		%	12.6		%
Tangible common equity as a percentage of tangible assets	7.9			7.8			7.8			7.7			8.1

(1)Tangible common equity is a non-GAAP measure that excludes the impact of intangible assets, net of deferred taxes. This measure is useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses this measure to assess balance sheet risk and shareholder value. These measures are not necessarily comparable to similar measures that may be presented by other companies.

Selected Mortgage Banking Information & Additional Information


	As of/For the Quarter Ended
	Sept. 30			June 30			March 31			Dec. 31			Sept. 30
(Dollars in millions, except per share data)	2025			2025			2025			2024			2024
Mortgage Banking Income
Residential mortgage income:
Residential mortgage production revenue	$	22		$	25		$	19		$	25		$	25
Residential mortgage servicing income:


Residential mortgage servicing income before MSR valuation	74			72			87			83			80




Net MSRs valuation	9			1			(4)			(5)			(7)
Total residential mortgage servicing income	83			73			83			78			73
Total residential mortgage income	105			98			102			103			98
Commercial mortgage income:
Commercial mortgage production revenue	10			6			2			12			6
Commercial mortgage servicing income:


Commercial mortgage servicing income before MSR valuation	4			3			4			4			3



Net MSRs valuation	(1)			—			—			(2)			(1)
Total commercial mortgage servicing income	3			3			4			2			2
Total commercial mortgage income	13			9			6			14			8
Total mortgage banking income	$	118		$	107		$	108		$	117		$	106

Other Mortgage Banking Information
Residential mortgage loan originations	$	4,743		$	5,855		$	3,626		$	4,745		$	3,726
Residential mortgage servicing portfolio:(1)
Loans serviced for others	221,274			213,002			216,148			218,475			221,143
Bank-owned loans serviced	58,396			57,748			55,120			54,937			54,281
Total servicing portfolio	279,670			270,750			271,268			273,412			275,424
Weighted-average coupon rate on mortgage loans serviced for others	3.75		%	3.70		%	3.68		%	3.65		%	3.62		%
Weighted-average servicing fee on mortgage loans serviced for others	0.28			0.28			0.28			0.28			0.28

Additional Information
Brokered deposits(2)	$	28,423		$	30,008		$	27,585		$	28,085		$	27,671

NQDCP income (expense):(3)
Interest income	$	1		$	—		$	—		$	4		$	1
Other income	17			21			(6)			(2)			12
Personnel expense	(18)			(21)			6			(2)			(13)
Total NQDCP income (expense)	$	—		$	—		$	—		$	—		$	—


Common stock prices:
High	$	47.46		$	43.25		$	48.53		$	49.06		$	45.31
Low	41.98			33.56			39.41			41.08			37.85
End of period	45.72			42.99			41.15			43.38			42.77
Banking offices	1,927			1,927			1,928			1,928			1,930
ATMs	2,837			2,847			2,861			2,901			2,928
FTEs(4)	38,534			37,996			37,529			37,661			37,867

(1)Amounts reported are unpaid principal balance.

(2)Amounts represented in interest checking, money market and savings, and time deposits.

(3)Relates to plans where Truist holds assets in proportion to participant elections.

(4)FTEs represents an average for the quarter.

Selected Items(1)


	Favorable (Unfavorable)
(Dollars in millions, except per share data) Description	Pre-Tax		After-Tax at Marginal Rate		Impact to Diluted EPS(2)
Selected Items
Third Quarter 2025
Restructuring charges	$	(27)	$	(21)	$	(0.02)
Second Quarter 2025
Restructuring charges	$	(28)	$	(21)	$	(0.02)
Loss on sale of securities (securities gains (losses))	(18)		(13)		(0.01)
First Quarter 2025
Restructuring charges	$	(38)	$	(29)	$	(0.02)
Fourth Quarter 2024
Restructuring charges	$	(11)	$	(9)	$	(0.01)
FDIC special assessment (regulatory costs)	8		6		—
Third Quarter 2024
Gain on sale of TIH (net income from discontinued operations)	$	36	$	16	$	0.01
Restructuring charges	(25)		(19)		(0.01)
FDIC special assessment (regulatory costs)	16		13		0.01
Second Quarter 2024
Gain on sale of TIH (net income from discontinued operations)	$	6,903	$	4,814	$	3.60
Loss on sale of securities (securities gains (losses))	(6,650)		(5,089)		(3.80)
Charitable contribution (other expense)	(150)		(115)		(0.09)
Restructuring charges ($33 million in restructuring charges and $63 million in net income from discontinued operations)	(96)		(73)		(0.05)
FDIC special assessment (regulatory costs)	(13)		(11)		(0.01)
Accelerated recognition of TIH equity compensation expense (net income from discontinued operations)	(10)		(8)		(0.01)
First Quarter 2024
Accelerated recognition of TIH equity compensation expense (net income from discontinued operations)	$	(89)	$	(68)	$	(0.05)
FDIC special assessment (regulatory costs)	(75)		(57)		(0.04)
Restructuring charges ($51 million in restructuring charges and $19 million in net income from discontinued operations)	(70)		(53)		(0.04)

(1)Includes certain selected items from the consolidated statements of income. A reconciliation of non-GAAP measures is included in the appendix to Truist’s Third Quarter 2025 Earnings Presentation.

(2)Diluted EPS impact for individual items may not foot to difference between GAAP diluted and adjusted EPS due to rounding.

Fourth Quarter 2024 Earnings Conference Call Bill Rogers – Chairman & CEO Mike Maguire – CFO October 17, 2025 Third Quarter 2025 Earnings Conference Call Bill Rog rs - Chairman & CEO Mike Maguire - CFO October 17, 2025

2 From time to time we have made, and in the future will make, 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 our expectations, intentions, or forecasts about future events, circumstances, or results. In particular, forward looking statements include statements we make about: (i) Truist being well positioned to accelerate performance and drive long-term shareholder value; (ii) Truist’s progress in executing on strategic priorities in 2025 and beyond; (iii) Truist’s ability to achieve a 15% ROTCE in 2027; (iv) Truist’s ability to meet its top business objectives for its Consumer & Small Business Banking and Wholesale Banking segments; (v) Truist’s ability to protect net interest income from lower short-term rates and maintain neutral interest rate sensitivity; (vi) Truist’s ability to grow and return capital to shareholders in future periods; (vii) Truist’s expected CET1 ratio in future periods; (viii) guidance or expectations with respect to financial performance metrics in future periods, including future levels of or growth in net interest income, adjusted revenue, adjusted expenses, net charge-off ratio, adjusted operating leverage, and EPS; (ix) Truist’s effective tax rate in future periods; and (x) projections of interest-bearing deposit betas, common stock repurchases and preferred stock dividends. This presentation, including any information incorporated by reference in this presentation, contains forward-looking statements. We also may make forward-looking statements in other documents that are filed or furnished with the SEC. In addition, we may make forward-looking statements orally or in writing to investors, analysts, members of the media, and others. 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 our 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 forward-looking statements include: • evolving political, geopolitical, business, social, economic, and market conditions at local, regional, national, and international levels; • monetary, fiscal, and trade laws or policies, including tariffs or changes in interest rates; • the legal, regulatory, and supervisory environment, including changes in financial-services legislation, regulation, policies, or government officials or other personnel; • our ability to address heightened scrutiny and expectations from supervisory or other governmental authorities and to timely and credibly remediate related concerns or deficiencies; • judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings that create uncertainty for or are adverse to us or the financial-services industry; • the outcomes of judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings to which we are or may be subject (either directly or indirectly through our ownership interests in other entities) and our ability to absorb and address any damages or other remedies that are sought or awarded and any collateral consequences; • evolving accounting standards and policies; • the adequacy of our corporate governance, risk-management framework, compliance programs, and internal controls over financial reporting, including our ability to control lapses or deficiencies in financial reporting, to make appropriate estimates, or to effectively mitigate or manage operational risk; • any instability or breakdown in the financial system, including as a result of the actual or perceived soundness of another financial institution or another participant in the financial system; • disruptions and shifts in investor sentiment or behavior in the securities, capital, or other financial markets, including financial or systemic shocks and volatility or changes in market liquidity, interest or currency rates, or valuations; • our ability to cost-effectively fund our businesses and operations, including by accessing long- and short-term funding and liquidity and by retaining and growing client deposits; • changes in any of our credit ratings; • our ability to manage any unexpected outflows of uninsured deposits and avoid selling investment securities or other assets at an unfavorable time or at a loss; • negative market perceptions of our investment portfolio or its value; • adverse publicity or other reputational harm to us, our service providers, or our senior officers; • business and consumer sentiment, preferences, or behavior, including spending, borrowing, or saving by businesses or households; • our ability to execute on strategic and operational plans, including accelerating growth, improving profitability, investing in talent, technology, and risk infrastructure, maintaining expense, credit, and risk discipline, and returning capital to shareholders; • changes in our corporate and business strategies, the composition of our assets, or the way in which we fund those assets; • our ability to successfully make and integrate acquisitions and to effect divestitures; • our ability to develop, maintain, and market our products or services or to absorb unanticipated costs or liabilities associated with those products or services; • our ability to innovate, to anticipate the needs of current or future clients, to successfully compete, to increase or hold market share in changing competitive environments, or to deal with pricing or other competitive pressures; • our ability to maintain secure and functional financial, accounting, technology, data processing, or other operating systems or infrastructure, including those that safeguard personal and other sensitive information; • our ability to appropriately underwrite loans that we originate or purchase and to otherwise manage credit risk; • our ability to satisfactorily and profitably perform loan servicing and similar obligations; • the credit, liquidity, or other financial condition of our clients, counterparties, service providers, or competitors; • our ability to effectively deal with economic, business, or market slowdowns or disruptions; • the efficacy of our methods or models in assessing business strategies or opportunities or in valuing, measuring, estimating, monitoring, or managing positions or risk; • our ability to keep pace with changes in technology that affect us or our clients, counterparties, service providers, or competitors or to maintain rights or interests in associated intellectual property; • our ability to attract, hire, and retain key teammates and to engage in adequate succession planning; • the performance and availability of third-party service providers on whom we rely in delivering products and services to our clients and otherwise in conducting our business and operations; • our ability to detect, prevent, mitigate, and otherwise manage the risk of fraud or misconduct by internal or external parties; • our ability to manage and mitigate physical-security and cybersecurity risks, including denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, environmental conditions, and intentional acts of destruction; • natural or other disasters, calamities, and conflicts, including terrorist events, cyber-warfare, and pandemics; • widespread outages of operational, communication, and other systems; • our ability to maintain appropriate corporate responsibility practices, oversight, and disclosures; • policies and other actions of governments to manage and mitigate climate and related environmental risks, and the effects of climate change or the transition to a lower-carbon economy on our business, operations, and reputation; and • other assumptions, risks, or uncertainties described in the Risk Factors (Item 1A), Management’s Discussion and Analysis of Financial Condition and Results of Operations (Item 7), or the Notes to the Consolidated Financial Statements (Item 8) in our Annual Report on Form 10-K or described in any of the Company’s subsequent quarterly or current reports. Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do 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 we may make in any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, or Current Report on Form 8-K. Forward-looking statements

3 Non-GAAP financial information This presentation contains financial information and performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Truist’s management uses these “non-GAAP” measures in their analysis of Truist’s performance and the efficiency of its operations. Management believes these non-GAAP measures are useful to investors because they provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant items in the current period. Truist believes a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Below is a listing of the types of non-GAAP measures used in this presentation: Adjusted Net income Available to Common Shareholders and Adjusted Diluted Earnings Per Share - Adjusted net income available to common shareholders and adjusted diluted earnings per share are non-GAAP in that these measures exclude selected items, net of tax. Truist’s management uses these measures in their analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. Adjusted Efficiency Ratio, Adjusted Fee Income, and Related Measures - The adjusted efficiency ratio is non-GAAP in that it excludes securities gains and losses, amortization of intangible assets, restructuring charges, and other selected items. Adjusted revenue and adjusted noninterest expense are related measures used to calculate the adjusted efficiency ratio. Additionally, the adjusted fee income ratio is non-GAAP in that it excludes securities gains and losses and other selected items, and is calculated using adjusted revenue and adjusted noninterest income. Taxable equivalent revenue and taxable equivalent net interest income include a taxable equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue and adjusted noninterest income exclude securities gains and losses and other selected items. Adjusted noninterest expense excludes restructuring charges and other selected items. Truist’s management calculated these measures based on Truist’s continuing operations. Truist’s management uses these measures in their analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. Pre-Provision Net Revenue (PPNR) - Pre-provision net revenue is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes. Adjusted pre-provision net revenue is a non-GAAP measure that additionally excludes securities gains (losses), restructuring charges, and other selected items. Truist’s management calculated these measures based on Truist’s continuing operations. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods. Tangible Common Equity and Related Measures - Tangible common equity and related measures, including ROTCE and TBVPS, are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes, and their related amortization. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess profitability, returns relative to balance sheet risk, and shareholder value. Adjusted Operating Leverage - Adjusted operating leverage is non-GAAP in that it excludes securities gains (losses), amortization of intangible assets, restructuring charges, and other selected items. Truist’s management uses this measure in their analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges. CET1, including AOCI adjustments - CET1, including AOCI adjustments is a non-GAAP regulatory capital measure that adjusts for the impact of accumulated other comprehensive income related to securities and pension, as well as related changes to deferred tax. This measure is useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses this measure to assess balance sheet risk and demonstrate the impact of proposed updates to the regulatory capital framework. Truist does not provide reconciliations for forward-looking non-GAAP financial measures because it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of Truist’s control, or cannot be reasonably predicted. For the same reasons, Truist is unable to address the probable significance of the unavailable information. A copy of this presentation is available on the Truist Investor Relations website, ir.truist.com.

4 Purpose Inspire and build better lives and communities Mission Clients Provide distinctive, secure, and successful client experiences through touch and technology. Teammates Create an inclusive and energizing environment that empowers teammates to learn, grow, and have meaningful careers. Stakeholders Optimize long-term value for stakeholders through safe, sound, and ethical practices. Values Trustworthy We serve with integrity. Caring Everyone and every moment matters. One Team Together, we can accomplish anything. Success When our clients win, we all win. Happiness Positive energy changes lives.

5 3Q25 key takeaways By the numbers $1.3 billion Net income available to common shareholders $1.04 Diluted EPS1 +2.5% Linked-quarter average loans 0.48% NCOs 11.0% CET1 ratio2 Reported strong 3Q25 results – Broad-based wholesale and consumer loan growth – Strong fee income growth driven by investment banking and trading and wealth management income – Disciplined expense management inclusive of ongoing investments – Solid asset quality metrics and strong capital position – Repurchased $500 million of common stock; targeting $750 million in 4Q25 – Continued progress on 2025 strategic priorities – Targeting a 15% ROTCE in 2027 1 Diluted EPS of $1.04 includes $0.02 of restructuring charges 2 Current quarter regulatory capital information is preliminary

6 – Loans: $5.0 billion, or 2.8% linked quarter average loan growth, driven by broad- based growth across industry groups and geographies – Commercial & Corporate Banking: Doubled new client growth in Commercial & Corporate YTD; 60%+ of new clients have an awarded payments relationship – Investment banking & trading: Significant improvement in investment banking & trading with fees up 58% vs. 2Q25 – Wealth: AUM from net new Wholesale and Premier clients up 27% YTD – Payments: Treasury management fees increased 11% over 3Q24; fifth consecutive quarter of double-digit YoY growth driven by increased talent acquisition and product enhancements – Premier banking strategy: Continued to advance our Premier banking strategy with deposit and lending per banker up 20% and 28% YoY – Net new checking accounts: Continued momentum in net new checking growth with 20K+ added in 3Q25; 96K YTD – Digital transactions: 88 million+ digital transactions in 3Q25, up 7% YoY – Digital new-to-bank clients: Digital drove 40%+ of new-to-bank client growth in 3Q25, with Gen Z and Millennials representing 63% of the expansion – AI self-service: Growing usage of Truist Assist, with 1.3 million conversations in 3Q25 and 81% of client inquiries successfully resolved through the chatbot Business segment update Top business growth & profitability initiatives Increase client acquisition Grow deposits with a focus on Premier Drive digital acquisition / engagement Deepen client relationships Consumer & Small Business Banking Continue momentum in IB and Capital Markets Capture more of the market with an industry banking strategy Deepen with Wholesale Payments Generate additional wealth fee income Wholesale Banking Consumer and Small Business Banking Wholesale Banking

7 Note: All data points are taxable-equivalent, where applicable Non-GAAP and adjusted metrics, including PPNR and ROTCE, exclude selected items. See appendix for non-GAAP reconciliations. CET1 ratio including AOCI includes the impact of AOCI related to securities and pension, as well as related changes to deferred tax Current quarter regulatory capital information is preliminary $ in millions, except per share data GAAP / Unadjusted 3Q25 2Q25 3Q24 Revenue $5,238 $5,035 $5,140 Expense $3,014 $2,986 $2,927 PPNR $2,224 $2,049 $2,213 Net income available to common shareholders $1,348 $1,180 $1,336 Diluted EPS $1.04 $0.90 $0.99 Net interest margin 3.01% 3.02% 3.12% ROTCE 13.6% 12.3% 13.8% Efficiency ratio 58.1% 59.9% 57.5% NCO ratio 0.48% 0.51% 0.55% CET1 ratio 11.0% 11.0% 11.6% Change vs. Adjusted 3Q25 2Q25 3Q24 Revenue $5,238 3.7% 1.9% Expense $2,987 1.0% 2.4% PPNR $2,251 7.4% 1.3% Efficiency ratio 55.7% (140) bps 50 bps CET1 ratio (including AOCI) 9.4% 10 bps (50) bps Performance highlights Credit and capital – Solid asset quality and capital remains strong – Revenue increased 4.0% vs. 2Q25 primarily driven by higher fee income across several key categories, including investment banking & trading and wealth management income – Adjusted revenue increased 3.7% Revenue – 3Q25 net income available to common shareholders of $1.3 billion, or $1.04 per share – Includes $0.02 per share of after-tax restructuring charges Earnings – Noninterest expense increased 0.9% vs. 2Q25, primarily driven by higher personnel expense, partially offset by lower professional fees and outside processing – Adjusted noninterest expense increased 1.0% Expenses

8 May not foot due to rounding Portfolio assignment based off loan purpose 5-quarter trend ($ in billions) Loan portfolio composition $320B Average loans 50% Commercial and industrial 6% CRE 3% Commercial construction 18% Residential mortgage 3% Home equity 8% Indirect auto 10% Other consumer 2% Credit card Average loans and leases HFI Average loans up 2.5% linked quarter driven by broad-based growth in wholesale and consumer $303 $303 $306 $313 $321 $183 $182 $184 $187 $192 $120 $121 $123 $126 $129 6.41% 6.12% 5.97% 6.01% 6.00% Commercial LHFI Consumer and card LHFI Loans HFI yield (%) 3Q24 4Q24 1Q25 2Q25 3Q25 0

9 40% 43% 37% 38% 29% 30% 24% 24% Interest-bearing deposit beta Total deposit beta 4Q24 1Q25 2Q25 3Q25 Average deposits $384 $390 $392 $400 $278 $282 $286 $294 $291 $106 $108 $106 $107 $106 2.08% 1.89% 1.79% 1.85% 1.84% Interest-bearing deposits Noninterest-bearing deposits Total deposit cost (%) 3Q24 4Q24 1Q25 2Q25 3Q25 May not foot due to rounding 1 Cumulative beta calculations are based on change in average total deposit or interest-bearing deposit cost divided by the change in average Fed Funds from 2Q24 Deposit mix $397B Average deposits 34% Money market and savings 11% Time deposits 28% Interest checking 27% DDA Cumulative deposit beta trend1 (Down rate) 5-quarter trend ($ in billions) $397 Average deposits decreased 1.0% linked quarter – Linked-quarter decline in average deposits was driven by the withdrawal of two short-term, M&A-related client deposits in mid-July – These deposits impacted the 2Q25 average balance by $10.9 billion and the 3Q25 average balance by $1.7 billion – Interest-bearing deposit beta expected to rise to the mid-40s in 4Q25

10 3Q25 avg. balances Fixed rate loans Securities Active receive-fixed $3,657 $3,641 $3,555 $3,635 $3,680 3.12% 3.07% 3.01% 3.02% 3.01% Net interest income TE Net interest margin (%) 3Q24 4Q24 1Q25 2Q25 3Q25 Fwd. starting receive-fixed Pay-fixed < 3yrs. – At 9/30, notional receive-fixed and pay- fixed swaps totaled $105 billion and $28 billion, respectively, compared with $90 billion and $29 billion at 6/30 – Added forward starting receive-fixed swaps during the quarter as part of our overall strategy to maintain a relatively neutral position to changes in interest rates Net interest income and net interest margin Fixed rate asset repricing summary ($ in billions) Swap portfolio overview ($ in billions) 1 Net interest income includes a taxable-equivalent adjustment, which is a non-GAAP measure; see the quarterly performance summary for the reconciliation to GAAP net interest income 2 Investment securities yield excluding the impact of swaps 3 Runoff reflects contractual maturities and expected prepayments of investment securities and fixed rate loans that will be reinvested at higher run-on interest rates based on the current forward curve 1 Average yield 9/30/25 Pay-fixed > 3yrs. 5-quarter net interest income and net interest margin trend ($ in millions) $119 $139 $3 $11 2.89%2 3.59%2 5.63% 6.40% – Expect to reprice approximately $11 billion of fixed rate loans and $3 billion of investment securities during 4Q25 – Investment portfolio runoff may be used to fund loan growth – Run-on rate for new fixed rate loans is ~7%3 4Q25 runoff3 ~ 1 – Net interest income increased 1.2% linked-quarter due to an additional day in the third quarter, loan growth, and fixed rate asset repricing – Net interest income expected to increase ~2% in 4Q25 due to loan growth, client deposit growth, and lower deposit costs $48 $57 Total wtd. avg. rate = 3.45% ($14)Total wtd. avg. rate = 3.46% ($14)

11 Noninterest income Current trend ($ in millions) Wealth Investment banking & trading Service charges Card and payments All other noninterest income All other noninterest income includes mortgage banking income, lending related fees, operating lease income, and other income Adjusted noninterest income excludes securities losses. See appendix for non-GAAP reconciliation. Vs. linked quarter Vs. like quarter Securities loss ($5,212) Strong performance in investment banking and trading and wealth management income led to an 11% increase in fees $358 $406 $396 $350 $348 $374 $332 $205 $323 $221 $227 $240 $222 $232 $225 3Q24 2Q25 3Q25 $1,400 $1,483 ($18) – Noninterest income increased 5.1% due to higher wealth management income and service charges on deposits – GAAP and adjusted noninterest income increased 11% and 9.9%, respectively, primarily driven by: – Strong performance in investment banking and trading due primarily to higher trading and capital markets revenue – Record wealth management income driven by higher AUM – Partially offset by lower other income due to valuation decrease for derivatives related to Visa shares $1,558

12 $2,918 $2,958 $2,987 Noninterest expense Adjusted noninterest expense is a non-GAAP measure that excludes restructuring charges and certain other items. See appendix for non-GAAP reconciliation. Current trend ($ in millions) Adj. noninterest expense (includes amortization) Restructuring charges Vs. linked quarter Vs. like quarter $28 3Q24 2Q25 3Q25 Expenses reflect ongoing discipline and continued investments $25 $2,927 $2,986 $3,014 – GAAP and adjusted noninterest expense increased 0.9% and 1.0%, respectively, primarily driven by: – Higher personnel expense due to higher incentives and investments in talent – Partially offset by lower professional fees and outside processing expense – GAAP and adjusted noninterest expense increased 3.0% and 2.4%, respectively, primarily driven by strategic hiring efforts and higher net occupancy expense $27 ($16) Other items

13 0.48% 0.47% 0.48% 0.39% 0.48% 3Q24 4Q24 1Q25 2Q25 3Q25 $448 $471 $458 $488 $436 3Q24 4Q24 1Q25 2Q25 3Q25 $418 $453 $454 $396 $385 0.55% 0.59% 0.60% 0.51% 0.48% NCO NCO ratio 3Q24 4Q24 1Q25 2Q25 3Q25 Asset quality Net charge-offs ($ in millions) Nonperforming loans / LHFI ALLL Provision for credit losses ($ in millions) $4,842 $4,857 $4,870 $4,899 $4,988 ALLL ALLL ratio ALLL / NCO 3Q24 4Q24 1Q25 2Q25 3Q25 1.60% 2.9x 1.59% 2.7x 1.58% 2.6x 1.54% 3.1x ($ in millions) Solid asset quality metrics reflect ongoing credit discipline 1.54% 3.3x

14 13.9% 4Q25 and 2025 outlook All data points are taxable-equivalent, where applicable Adjusted revenue excludes securities gains (losses) and other selected items Adjusted expenses include amortization of intangibles and exclude restructuring charges and other selected items See non-GAAP reconciliations in the appendix Full year 2025 revenue and expense outlook unchanged; NCO outlook improved 3Q25 actuals 4Q25 outlook (compared to 3Q25) Adjusted revenue (TE): $5.2 billion Up 1% to 2% Adjusted expenses: $3.0 billion Stable Share repurchases: $500 million $750 million Full year 2024 actuals Full year 2025 outlook (compared to FY 2024) Adjusted revenue (TE): $20.1 billion Up 1.5 to 2.5% Adjusted expenses: $11.7 billion Up ~1% Net charge-off ratio: 59 bps 55 bps 2025 tax rate: 17.5% effective; 20% FTE

15 Expect momentum to accelerate in 2026 Revenue growth, operating leverage, share repurchases, and EPS growth expected to increase Adjusted revenue growth Adjusted operating leverage Share repurchases Adjusted EPS growth 2024A 2025E 2026E 2024A 2025E 2026E 2024A 2025E 2026E 2024A 2025E 2026E Adjusted metrics exclude selected items. See non-GAAP reconciliation in the attached appendix. Not drawn to scale 3% ~6-8% $1B ~$2.5B ~100 bps 30 bps (0.5)% ~2.0%

16 Targeting a 15% ROTCE in 2027 ROTCE outlook Key drivers Execute top business growth and profitability initiatives Drive positive operating leverage Stable economic and operating environment Increase buybacks; targeting 10% CET1 ratio by 12/31/2027 Starting point 2025 2026 2027 12-13% ~13% ~14% ~15% Return on tangible common equity (ROTCE) = (net income available to common shareholders +(amortization of intangibles *(1- marginal tax rate))/average tangible common equity ROTCE is a non-GAAP metric that excludes the impact of intangible assets, net of deferred taxes, and their related amortization. See appendix for non-GAAP reconciliations. Continue to benefit from fixed rate asset repricing

Appendix

A-1 – Net income of $663 million, compared to $601 million in the prior quarter – Net interest income of $2.5 billion increased by $94 million, or 4.0%, primarily driven by higher loans – Average loans of $134 billion increased 2.2% primarily driven by higher indirect lending due to higher production, in addition to higher residential mortgage due to carry forward impact of seasonally high 2Q production – Average deposits of $215 billion increased 0.2% primarily driven by money market and savings and time – Provision for credit losses increased $16 million, or 4.2%, driven by an increase in net charge-offs and a larger reserve build due to loan growth – Noninterest income of $530 million increased $11 million, or 2.1%, primarily driven by service charges and mortgage banking income – Noninterest expense of $1.7 billion increased $5 million, or 0.3%, primarily driven by personnel expense – Debit and credit card spend decreased 0.7% due to seasonally lower travel spend – Digital transactions surpassed 88 million, accounting for 69% of total transaction volume, increasing 30 bps driven by growth in Zelle and transfers Consumer and Small Business Banking (1) Excludes loans held for sale (2) Digital sales defined as products opened through digital applications (3) Digital transactions include transfers, Zelle, bill payments, mobile deposits, ACH, and wire transfers Commentary reflects linked quarter comparisons Metrics Commentary Income statement ($ MM) 3Q25 vs. 2Q25 vs. 3Q24 Net interest income $2,452 $94 $(78) Allocated provision for credit losses 400 16 47 Noninterest income 530 11 24 Noninterest expense 1,704 5 41 Segment net income $663 $62 $(113) Balance sheet ($ B) Average loans(1) $134 $2.9 $8.7 Average deposits 215 0.4 4.0 Other key metrics Net new checking accounts (k) 20 (17) (18) Digital sales as of % of total(2) 33% (100) bps 300 bps Digital transactions as a % of total(3) 69% 30 bps 200 bps Debit/credit card spend ($ B) $30 $(0.2) $0.9 Represents Branch Banking, Digital Banking, Premier Banking, Small Business Banking, and National Consumer Lending

A-2 Wholesale Banking (1) Excludes loans held for sale Commentary reflects linked quarter comparisons unless otherwise noted – Net income of $1.2 billion, compared to $933 million in the prior quarter – Net interest income of $1.7 billion increased $5.0 million, or 0.3% – Average loans of $186 billion increased $5.0 billion, or 2.8%, primarily related to an increase in C&I balances – Average deposits of $142 billion decreased $8.3 billion, or 5.5%, due to the withdrawal of two short-term, M&A related client deposits in mid-July – Provision for credit losses of $36 million decreased $68 million, or 65%, which reflects a decrease in both net charge-offs and net reserve build compared to the prior quarter – Noninterest income of $1.1 billion increased $200 million, or 21%, primarily driven by higher investment banking & trading income, wealth management income, and project-based other income items – Noninterest expense of $1.3 billion decreased $15 million or 1.1%, due to lower regulatory costs and enterprise operations and tech support expenses – Total client assets increased $9.9 billion, or 2.8%, primarily due to market driven increases in equities, as well as positive net asset flows Metrics Commentary Income statement ($ MM) 3Q25 vs. 2Q25 vs. 3Q24 Net interest income $1,669 $5 $80 Allocated provision for credit losses 36 (68) (60) Noninterest income 1,143 200 96 Noninterest expense 1,319 (15) 79 Segment net income $1,150 $217 $110 Balance sheet ($ B) Average loans(1) $186 $5.0 $8.6 Average deposits 142 (8.3) $1.0 Other key metrics ($ B) Total client assets $365 $9.9 $20 Represents Commercial & Corporate Banking, Investment Banking & Capital Markets, CRE, Wholesale Payments, and Wealth

A-3 Preferred dividend 4Q25 1Q26 2Q26 3Q26 Estimated dividends based on projected interest rates and amounts outstanding ($ MM) $59 $104 $76 $104 Estimates assume forward-looking interest rates as of 9/30/25. Actual interest rates could vary significantly causing dividend payments to differ from the estimates shown above.

A-4 Quarter Ended Year-to-Date Sept. 30 June 30 March 31 Dec. 31 Sept. 30 Sept. 30 Sept. 30 Dec. 31 Dec. 31 2025 2025 2025 2024 2024 2025 2024 2024 2023 Net Income (loss) available to common shareholders from continuing operations $ 1,348 $ 1,180 $ 1,157 $ 1,229 $ 1,333 $ 3,685 $ (1,623) $ (394) $ (1,864) Securities (gains) losses — 13 1 1 — 14 5,089 5,090 — Goodwill impairment — — — — — — — — 6,078 Charitable contribution — — — — — — 115 115 — FDIC special assessment — — — (6) (13) — 55 49 387 Discrete tax benefit — — — — — — — — (204) Adjusted net income available to common shareholders from continuing operations(1) $ 1,348 $ 1,193 $ 1,158 $ 1,224 $ 1,320 $ 3,699 $ 3,636 $ 4,860 $ 4,397 Net Income (loss) available to common shareholders from discontinued operations $ — $ — $ — $ (13) $ 3 $ — $ 4,876 $ 4,863 $ 412 Accelerated TIH equity compensation expense — — — — — — 76 76 — Gain on sale of TIH — — — — (16) — (4,830) (4,830) — Adjusted net income (loss) available to common shareholders from discontinued operations(1) $ — $ — $ — $ (13) $ (13) $ — $ 122 $ 109 $ 412 Net income (loss) available to common shareholders $ 1,348 $ 1,180 $ 1,157 $ 1,216 $ 1,336 $ 3,685 $ 3,253 $ 4,469 $ (1,452) Adjusted net income available to common shareholders(1) 1,348 1,193 1,158 1,211 1,307 3,699 3,758 4,969 4,809 Weighted average shares outstanding - diluted (GAAP net income (loss) available to common shareholders)(2) 1,296,666 1,305,005 1,324,339 1,333,701 1,349,129 1,308,676 1,335,812 1,331,087 1,331,963 Weighted average shares outstanding - diluted (adjusted net income available to common shareholders)(2) 1,296,666 1,305,005 1,324,339 1,333,701 1,349,129 1,308,676 1,348,756 1,344,912 1,339,895 Diluted EPS from continuing operations(2) $ 1.04 $ 0.90 $ 0.87 $ 0.92 $ 0.99 $ 2.82 $ (1.21) $ (0.30) $ (1.40) Diluted EPS from continuing operations - adjusted(1)(2) 1.04 0.91 0.87 0.92 0.98 2.83 2.70 3.61 3.28 Diluted EPS from discontinued operations(2) — — — (0.01) — — 3.65 3.66 0.31 Diluted EPS from discontinued operations - adjusted(1)(2) — — — (0.01) (0.01) — 0.09 0.08 0.31 Diluted EPS(2) 1.04 0.90 0.87 0.91 0.99 2.82 2.44 3.36 (1.09) Diluted EPS - adjusted(1)(2) 1.04 0.91 0.87 0.91 0.97 2.83 2.79 3.69 3.59 Non-GAAP reconciliations Adjusted net income and diluted EPS $ in millions, except per share data, shares in thousands (1) Adjusted net income available to common shareholders and adjusted diluted earnings per share are non-GAAP in that these measures exclude selected items, net of tax. Truist’s management uses these measures in their analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. Diluted EPS impact for individual items may not foot to difference between GAAP diluted and adjusted EPS due to rounding. (2) For periods ended with a net loss available to common shareholders from continuing operations, the calculation of GAAP diluted EPS uses the basic weighted average shares outstanding. Adjusted diluted EPS calculations include the impact of outstanding equity-based awards for all periods.

A-5 Non-GAAP reconciliations Calculations of common equity tier 1 capital ratios $ in millions (1) CET1, including AOCI adjustments is a non-GAAP regulatory capital measure that adjusts for the impact of accumulated other comprehensive income related to securities and pension, as well as related changes to deferred tax. This measure is useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses this measure to assess balance sheet risk and demonstrate the impact of proposed updates to the regulatory capital framework. Quarter Ended Sept. 30 June 30 Sept. 30 2025 2025 2024 Risk-based capital: (preliminary) Common equity tier 1 $ 48,031 $ 47,678 $ 48,076 Accumulated Other Comprehensive Income (AOCI) related adjustments (6,246) (6,736) (6,861) Common equity tier 1, including AOCI adjustments $ 41,785 $ 40,942 $ 41,215 Risk-weighted assets: Common equity tier 1 $ 438,467 $ 434,609 $ 414,828 AOCI related adjustments 4,042 3,917 2,406 Common equity tier 1, including AOCI adjustments $ 442,509 $ 438,526 $ 417,234 Risk-based capital ratios: CET1 11.0 % 11.0 % 11.6 % CET1, including AOCI adjustments(1) 9.4 % 9.3 % 9.9 %

A-6 Non-GAAP reconciliations Efficiency ratio and fee income ratio from continuing operations $ in millions (1) Revenue is defined as net interest income plus noninterest income (2) The adjusted efficiency ratio is non-GAAP in that it excludes securities gains and losses, amortization of intangible assets, restructuring charges, and other selected items. Adjusted revenue and adjusted noninterest expense are related measures used to calculate the adjusted efficiency ratio. Additionally, the adjusted fee income ratio is non-GAAP in that it excludes securities gains and losses and other selected items, and is calculated using adjusted revenue and adjusted noninterest income. Taxable equivalent revenue and taxable equivalent net interest income include a taxable equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue and adjusted noninterest income exclude securities gains and losses and other selected items. Adjusted noninterest expense excludes restructuring charges and other selected items. Truist’s management calculated these measures based on Truist’s continuing operations. Truist’s management uses these measures in their analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. Quarter Ended Year-to-Date Sept. 30 June 30 March 31 Dec. 31 Sept. 30 Sept. 30 Sept. 30 2025 2025 2025 2024 2024 2025 2024 Efficiency ratio numerator - noninterest expense - unadjusted $ 3,014 $ 2,986 $ 2,906 $ 3,035 $ 2,927 $ 8,906 $ 8,974 Restructuring charges, net (27) (28) (38) (11) (25) (93) (109) Charitable contribution — — — — — — (150) FDIC special assessment — — — 8 16 — (72) Adjusted noninterest expense including amortization of intangibles 2,987 2,958 2,868 3,032 2,918 8,813 8,643 Amortization of intangibles (72) (73) (75) (84) (84) (220) (261) Efficiency ratio numerator - adjusted noninterest expense excluding amortization of intangibles(2) $ 2,915 $ 2,885 $ 2,793 $ 2,948 $ 2,834 $ 8,593 $ 8,382 Fee income numerator - noninterest income - unadjusted $ 1,558 $ 1,400 $ 1,392 $ 1,470 $ 1,483 $ 4,350 $ (2,283) Securities (gains) losses — 18 1 1 — 19 6,650 Fee income numerator - adjusted noninterest income(2) $ 1,558 $ 1,418 $ 1,393 $ 1,471 $ 1,483 $ 4,369 $ 4,367 Efficiency ratio and fee income ratio denominator - revenue(1) - unadjusted $ 5,187 $ 4,987 $ 4,899 $ 5,060 $ 5,085 $ 15,073 $ 8,218 Taxable equivalent adjustment 51 48 48 51 55 147 161 Revenue - taxable equivalent(1)(2) 5,238 5,035 4,947 5,111 5,140 15,220 8,379 Securities (gains) losses — 18 1 1 — 19 6,650 Efficiency ratio and fee income ratio denominator - adjusted revenue(1)(2) $ 5,238 $ 5,053 $ 4,948 $ 5,112 $ 5,140 $ 15,239 $ 15,029 Efficiency ratio - unadjusted 58.1 % 59.9 % 59.3 % 60.0 % 57.5 % 59.1 % NM Efficiency ratio - adjusted(2) 55.7 57.1 56.4 57.7 55.2 56.4 55.8 Fee income ratio - unadjusted 30.0 % 28.1 % 28.4 % 29.0 % 29.2 % 28.9 % NM Fee income ratio - adjusted(2) 29.7 28.1 28.2 28.8 28.9 28.7 29.1

A-7 Non-GAAP Reconciliations Operating leverage(1) $ in millions Year-to-Date Dec. 31 Dec. 31 2024 2023 Revenue(2) - GAAP $ 13,278 $ 20,022 Taxable equivalent adjustment 212 220 Securities (gains) losses 6,651 — Revenue(2) - adjusted $ 20,141 $ 20,242 Noninterest expense - GAAP $ 12,009 $ 18,678 Restructuring charges, net (120) (320) Gain (loss) on early extinguishment of debt — (4) Goodwill impairment — (6,078) Charitable contribution (150) — FDIC special assessment (64) (507) Noninterest expense - adjusted $ 11,675 $ 11,769 Operating leverage - GAAP 2.0 % Operating leverage - adjusted(3) 0.3 % (1) Operating leverage is defined as percentage growth in revenue less percentage growth in noninterest expense. (2) Revenue is defined as net interest income plus noninterest income. (3) Adjusted operating leverage is non-GAAP in that it excludes securities gains (losses), amortization of intangible assets, restructuring charges, and other selected items. Truist’s management uses this measure in their analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges. This measure is not necessarily comparable to similar measures that may be presented by other companies.

A-8 Non-GAAP reconciliations Pre-provision net revenue $ in millions (1) Pre-provision net revenue is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes. Adjusted pre-provision net revenue is a non-GAAP measure that additionally excludes securities gains (losses), restructuring charges, and other selected items. Truist’s management calculated these measures based on Truist’s continuing operations. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods. Quarter Ended Year-to-Date Sept. 30 June 30 March 31 Dec. 31 Sept. 30 Sept. 30 Sept. 30 2025 2025 2025 2024 2024 2025 2024 Net income from continuing operations $ 1,452 $ 1,240 $ 1,261 $ 1,289 $ 1,439 $ 3,953 $ (1,334) Provision for credit losses 436 488 458 471 448 1,382 1,399 Provision for income taxes 285 273 274 265 271 832 (821) Taxable-equivalent adjustment 51 48 48 51 55 147 161 Pre-provision net revenue(1) $ 2,224 $ 2,049 $ 2,041 $ 2,076 $ 2,213 $ 6,314 $ (595) Restructuring charges, net 27 28 38 11 25 93 109 Charitable contribution — — — — — — 150 FDIC special assessment — — — (8) (16) — 72 Securities (gains) losses — 18 1 1 — 19 6,650 Pre-provision net revenue - adjusted(1) $ 2,251 $ 2,095 $ 2,080 $ 2,080 $ 2,222 $ 6,426 $ 6,386

A-9 Non-GAAP reconciliations Calculations of tangible common equity and related measures $ in millions, except per share data, shares in thousands (1) Tangible common equity and related measures, including ROTCE and TBVPS, are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes, and their related amortization. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess profitability, returns relative to balance sheet risk, and shareholder value. These measures are not necessarily comparable to similar measures that may be presented by other companies. As of / Quarter Ended Year-to-Date Sept. 30 June 30 March 31 Dec. 31 Sept. 30 Sept. 30 Sept. 30 2025 2025 2025 2024 2024 2025 2024 Common shareholders’ equity $ 59,739 $ 58,933 $ 58,728 $ 57,772 $ 59,023 Less: Intangible assets, net of deferred taxes (including discontinued operations) 18,076 18,143 18,203 18,274 18,350 Tangible common shareholders’ equity(1) $ 41,663 $ 40,790 $ 40,525 $ 39,498 $ 40,673 Outstanding shares at end of period 1,279,246 1,289,435 1,309,539 1,315,936 1,327,521 Common shareholders’ equity per common share $ 46.70 $ 45.70 $ 44.85 $ 43.90 $ 44.46 Tangible common shareholders’ equity per common share(1) 32.57 31.63 30.95 30.01 30.64 Net income available to common shareholders $ 1,348 $ 1,180 $ 1,157 $ 1,216 $ 1,336 $ 3,685 $ 3,253 Plus: amortization of intangibles, net of tax (including discontinued operations) 54 56 57 64 64 167 216 Tangible net income available to common shareholders(1) $ 1,402 $ 1,236 $ 1,214 $ 1,280 $ 1,400 $ 3,852 $ 3,469 Average common shareholders’ equity $ 59,141 $ 58,327 $ 58,125 $ 57,754 $ 58,667 $ 58,535 $ 55,245 Less: Average intangible assets, net of deferred taxes (including discontinued operations) 18,113 18,173 18,247 18,317 18,399 18,177 20,680 Average tangible common shareholders’ equity(1) $ 41,028 $ 40,154 $ 39,878 $ 39,437 $ 40,268 $ 40,358 $ 34,565 Return on average common shareholders’ equity 9.0 % 8.1 % 8.1 % 8.4 % 9.1 % 8.4 % 7.9 % Return on average tangible common shareholders’ equity(1) 13.6 12.3 12.3 12.9 13.8 12.8 12.5


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