Truist Financial Stock Earnings Reports

Truist reported a strong third quarter 2025: GAAP net income available to common shareholders was $1.3 billion ($1.04 per share), with adjusted revenue up 3.7% sequentially driven by a 9.9% increase in non‑interest income and modest net interest income (NII) growth. Average loans rose 2.5% sequentially (broadly across wholesale and consumer), while average deposits fell 1% sequentially due to the mid‑July withdrawal of $10.9 billion of short‑term M&A deposits; excluding that impact, core deposit trends were positive. Adjusted expenses were well controlled (up ~1% sequentially) and operating leverage improved materially. Asset quality remains solid: net charge‑offs declined sequentially and year‑over‑year, the ALL ratio held at 1.54%, and nonperforming loans rose modestly from a multi‑quarter low (driven partly by higher non‑performing CNI and construction loans). Capital is strong — Truist returned $1.2 billion to shareholders in Q3 (dividend and $500M repurchase) and plans ~ $750M of repurchases in Q4, with management signaling a plan to increase buybacks to $3–4 billion in 2026 while targeting a 10% CET1 by end of 2027. Management reiterated strategic investments (100 new AI‑enabled branches, 300+ renovations, digital enhancements, hiring premier advisors) to deepen client relationships and accelerate revenue and profitability. They reiterated guidance for Q4 2025: revenue +1–2% sequentially, NII ~ +2%, stable non‑interest income, adjusted expenses flat, and net charge‑offs expected ~55 bps for full year 2025. Management set a public target of 15% ROTCE for 2027 and expects revenue growth in 2026 to more than double the 2025 growth rate (directionally ~4%+ vs ~2% in 2025). On specific credit concerns, Truist says NDFI exposure is modest and well‑diversified (~11% of lending and below many peers) and that the First Brands exposure is reserved for and reflected in allowances and guidance.