Truist profit falls 45%
Truist Financial reported third-quarter 2026 GAAP revenue of $3.75 billion, down 27.8% year over year.
Net income declined approximately 45% to $800 million, while diluted GAAP earnings per share fell from $1.04 to $0.56. Adjusted EPS increased 12% to $1.16. Published analyst estimates range from $1.14 to $1.20, making the earnings surprise dependent on the consensus source. The quarter ended September 30, 2026.
A $1.4 billion pretax loss on available-for-sale securities drove the sharp decline in reported earnings as Truist repositioned its investment portfolio. The bank also agreed to sell $7.7 billion in unsecured consumer loans to Carlyle. For the fourth quarter, management expects $3.65 billion–$3.70 billion in net interest income and approximately $5.35 billion in taxable-equivalent revenue. A verified post-earnings share-price reaction was unavailable.
| Metric | Actual | YoY change | |
|---|---|---|---|
| GAAP revenue | $3.75B | -27.8% | |
| Adjusted taxable-equivalent revenue (non-GAAP) | $5.30B | +1.3% | |
| Diluted GAAP EPS | $0.56 | -46% | |
| Adjusted EPS (non-GAAP) | $1.16 | +12% | |
| GAAP net income | Approximately $800M | -45% | |
| Pretax securities sale loss | $1.4B | — | |
| Q4 2026 net interest income guidance | $3.65B–$3.70B | — | |
| Q4 2026 taxable-equivalent revenue guidance | Approximately $5.35B | — |
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