Truist Financial Stock Earnings Reports

Truist reported Q1 2026 GAAP net income available to common shareholders of $1.4 billion ($1.09 diluted EPS), a 25% year-over-year EPS increase driven by loan growth, strong fee income (notably Investment Banking & Trading and Wealth Management), disciplined expense management and stable asset quality. Operating leverage improved ~250 bps YoY and ROTCE rose to 13.8%. Management reiterated near-term ROTCE targets of 14% for 2026 and 15% for 2027 and introduced a long-term ROTCE ambition of 16%–18% over 3–5 years. Loan growth guidance remains ~3%–4% for 2026 with average deposit growth low single digits; Q2 revenue is expected roughly flat vs Q1. Net interest income (NII) guidance was trimmed to +2%–3% for 2026 (from +3%–4%) primarily because the firm now assumes no Fed cuts in 2026, which pressures deposit costs; however, noninterest income guidance was raised to high single‑digit growth and GAAP expense guidance modestly increased to ~+1.75% for the year. Asset quality stayed healthy (net charge-offs ~61 bps annualized in Q1); NDFI exposure is 12% of loans with conservative underwriting. Capital return stepped up: $1.1B of buybacks in Q1 and a new $5B repurchase target for 2026 (was $4B), while CET1 remained ~10.8%. Management emphasized digital and AI deployments to drive productivity and client engagement, continued focus on high-return client segments, and that M&A is not a priority.