TFC
FY2026 Q2 · Calendar Q3 2026
Truist Financial Corporation
Truist delivered a strong Q2 2026 beat with EPS of $1.23 (up 37% year-over-year) and revenue of $5.31B, both ahead of consensus. Fee-based revenue from investment banking, trading, and wealth management was the primary driver, complemented by continued digital engagement growth and Premier Banking deposit gains. ROTCE rose 310 basis points to 15.4%, nearing the long-term 16-18% target. However, management lowered full-year revenue growth guidance to 3.5-4%, citing loan spread compression and deposit cost pressures, while raising the non-interest income growth outlook to approximately 10%. The $5B share buyback program and CET1 ratio of 10.9% underscore continued capital return strength. A CEO transition to Mike Lyons in September adds a leadership variable to monitor.
EPS surprise+13.9%
Market move-1.4%
