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How Truist (TFC) makes money: Q3 2026 revenue breakdown
The quarter in brief
Revenue fell 27.8% y/y to $3.75B, pre-tax margin 23.9% vs 33.5%, net income $684M (−49.3% y/y).
Net income available to common shareholders
$684M
down 49.3% y/y
Revenue
$3,747M
down 27.8% y/y
Next report
not announced yet
How does Truist make money?
Truist brought in $3.75 billion of revenue in Q3 2026, down 27.8% year over year. The largest source was Net interest income: $3.66 billion, or 98% of the total, followed by Noninterest income ($84.0M, 2%). Net income for the quarter was $684 million, down 49.3% year over year.
Revenue by source, Q3 2026
- Net interest income$3.66B · 98% · +0.9%
- Noninterest income$84.0M · 2% · −94.6%
Shares of $3.75B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
All figures in $M.
| Line item | Amount and change |
|---|---|
| Net interest income | $3,663 · +0.9% |
| Noninterest income | $84 · −94.6% |
| Revenue | $3,747 · −27.8% |
| Noninterest expense | $3,105 · +3.0% |
| Provision (benefit) for credit losses | $253 · vs −$436 |
| Income before income taxes | $895 · −48.5% · 23.9% margin |
| Provision for income taxes | $96 · −66.3% · 10.7% effective rate |
| Preferred stock dividends and other | $115 · +10.6% |
| Net income available to common shareholders | $684 · −49.3% · $0.56/sh · 18.3% margin |
Verdict: revenue fell 27.8% y/y to $3.75B, pre-tax margin 23.9% vs 33.5%, net income $684M (−49.3% y/y).
Diluted EPS $0.56 vs $1.04 a year earlier; adjusted EPS $1.16 excludes a $1.4 billion pre-tax loss on AFS securities sales, the $581 million reserve recapture and $106 million of other impacts of the RAC loan sale; NIM (TE) 3.00%; CET1 10.7%; dividend $0.52 per share.
Source and notation
Source: Truist Financial earnings release and its exhibits, 8-K EX-99 of 10/16/2026 (SEC EDGAR). Bank layout: total revenue = net interest income + noninterest income; noninterest expense and the provision for credit losses are deducted to reach pre-tax income; preferred dividends separate net income from net income available to common shareholders. The income statement lines were taken from the release by hand; the program found every figure in the release text and checked the accounting identities and the chart balance; SEC XBRL for this quarter is not published yet, so the XBRL check is pending.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
- Noninterest income collapsed to $84M from $1,558M: the quarter carried $1,447M of securities losses from the AFS repositioning and a $66M loss on the Regional Acceptance Corporation (RAC) loan sale; excluding them, noninterest income was $1,597M.
- The provision turned into a $253M benefit (vs a $436M charge a year earlier) because loan loss reserves were released with the RAC portfolio; net charge-offs rose to $629M, a 0.77% ratio that includes 39 basis points related to RAC.
- Net interest income was steady at $3,663M; noninterest expense rose 3.0% to $3,105M, including $40 million of RAC loan sale costs.
- On October 14, 2026 Truist signed an agreement to sell $7.7 billion of unsecured consumer loans of its LightStream platform to Carlyle Group Inc.
- Pre-tax income was $895M, a 23.9% margin vs 33.5% a year earlier.
- The effective tax rate was 10.7% vs 16.4% a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
Who runs the company now
- William H. Rogers Jr.Chairman and Chief Executive Officer [1]
- Michael B. MaguireSenior Executive Vice President and Chief Financial Officer [2]
As of 10/20/2026, per the company’s SEC filings: signatures on the latest report and leadership-change filings.
Positions: the company’s SEC filings. Spotted an error, or is this you and you’d like it corrected or removed? Contact us
How this is compiled
Who runs the company now comes from primary sources only: for US companies, the CEO and CFO signatures on the latest SEC report, and a separate board chair from the proxy statement (DEF 14A); for Russian and Kazakh issuers, the company website and its disclosures. We recheck weekly; if a name can’t be confirmed, or a leadership-change filing came out after the report, we don’t show it until it’s reviewed. History comes from proxy statements, disclosures, Wikipedia and Wikidata; years show when a term started and ended, “since” means the person is in office now. An outcome for a previous employer is shown only when the linked document states it.
Sources · 2
- SEC EDGAR: 10-Q 2026-07-31 · SEC EDGAR · 10/20/2026
- SEC EDGAR: 10-Q 2026-07-31 · SEC EDGAR · 10/20/2026
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. · Text: Wikipedia, CC BY-SA 4.0, abridged
The company was formed in December 2019 as the result of the merger of BB&T and SunTrust. Its bank operates 1,928 branches in 15 states and Washington, D.C., offering consumer, commercial, and investment banking, securities brokerage, asset management, mortgage, and insurance products and services. It is the tenth-largest bank in the United States, with $523 billion in assets.
Heads-up
- net income fell 49% y/y in Q3 2026
- revenue fell 28% y/y in Q3 2026
Most likely because the provision turned into a $253M benefit (vs a $436M charge a year earlier) because loan loss reserves were released with the RAC portfolio; the effective tax rate was 10.7% vs 16.4% a year earlier; pre-tax income was $895M, a 23.9% margin vs 33.5% a year earlier. Based on the Q3 2026 report.
The company's report ↗Most likely because the drop came from Noninterest income −95% y/y. Based on the Q3 2026 report.
The company's report ↗Company guidance
Same quarter a year ago (ended December 31, 2025): revenue $5.25B, EPS (GAAP) $1.01
How we calculate
Year-ago figures are GAAP, from the company's SEC filings (XBRL); EPS is diluted.
TFC earnings history: past report dates
| Jul 17, 2026 Fri | 6:30 ambefore market open | Jun 30, 2026 | $5.3B+6% y/y | $1.23+37% y/y |
| Apr 17, 2026 Fri | 6:30 ambefore market open | Mar 31, 2026 | $5.2B+5% y/y | $1.09+25% y/y |
| Jan 21, 2026 Wed | 6:31 ambefore market open | Dec 31, 2025 | ≈$5.2B+4% y/y | ≈$1.01+7% y/y |
| Oct 17, 2025 Fri | 6:30 ambefore market open | Sep 30, 2025 | $5.2B+2% y/y | $1.04+5% y/y |
| Jul 18, 2025 Fri | 6:03 ambefore market open | Jun 30, 2025 | $5.0B | $0.90+45% y/y |
| Apr 17, 2025 Thu | 6:02 ambefore market open | Mar 31, 2025 | $4.9B+2% y/y | $0.87+7% y/y |
| Jan 17, 2025 Fri | 6:00 ambefore market open | Dec 31, 2024 | ≈$5.1B−39% y/y | ≈$0.94 |
| Oct 17, 2024 Thu | 6:01 ambefore market open | Sep 30, 2024 | $5.1B+4% y/y | $0.99+24% y/y |
| Jul 22, 2024 Mon | 6:02 ambefore market open | Jun 30, 2024 | −$1.7B | $0.62−33% y/y |
| Apr 22, 2024 Mon | 6:06 ambefore market open | Mar 31, 2024 | $4.8B−9% y/y | $0.81−23% y/y |
| Jan 18, 2024 Thu | 6:07 ambefore market open | Dec 31, 2023 | ≈$8.3B+162% y/y | ≈−$3.86 |
| Oct 19, 2023 Thu | 6:05 ambefore market open | Sep 30, 2023 | $4.9B−17% y/y | $0.80−30% y/y |
| Jul 20, 2023 Thu | 6:04 ambefore market open | Jun 30, 2023 | $5.0B−12% y/y | $0.92−16% y/y |
| Apr 20, 2023 Thu | 6:05 ambefore market open | Mar 31, 2023 | $5.3B−1% y/y | $1.05+6% y/y |
| Jan 19, 2023 Thu | 6:07 ambefore market open | Dec 31, 2022 | ≈$3.1B−43% y/y | ≈$1.21+7% y/y |
| Oct 18, 2022 Tue | 6:05 ambefore market open | Sep 30, 2022 | $5.8B+4% y/y | $1.15−4% y/y |
| Jul 19, 2022 Tue | 6:02 ambefore market open | Jun 30, 2022 | $5.7B+0% y/y | $1.09−6% y/y |
| Apr 19, 2022 Tue | 6:06 ambefore market open | Mar 31, 2022 | $5.3B−3% y/y | $0.99+1% y/y |
| Jan 18, 2022 Tue | 6:06 ambefore market open | Dec 31, 2021 | ≈$5.6B−2% y/y | ≈$1.13+26% y/y |
| Oct 15, 2021 Fri | 6:07 ambefore market open | Sep 30, 2021 | $5.6B+0% y/y | $1.20+52% y/y |
| Jul 15, 2021 Thu | 6:11 ambefore market open | Jun 30, 2021 | $5.7B−4% y/y | $1.16+73% y/y |
| Apr 15, 2021 Thu | 6:06 ambefore market open | Mar 31, 2021 | $5.5B−2% y/y | $0.98+34% y/y |
| Jan 21, 2021 Thu | 6:07 ambefore market open | Dec 31, 2020 | ≈$5.7B+56% y/y | ≈$0.90+27% y/y |
| Oct 15, 2020 Thu | 6:03 ambefore market open | Sep 30, 2020 | $5.6B+86% y/y | $0.79−17% y/y |
| Jul 16, 2020 Thu | 6:02 ambefore market open | Jun 30, 2020 | $5.9B+93% y/y | $0.67−39% y/y |
| Apr 20, 2020 Mon | 6:06 ambefore market open | Mar 31, 2020 | $5.6B+94% y/y | $0.73−25% y/y |
| Jan 30, 2020 Thu | 6:09 ambefore market open | Dec 31, 2019 | ≈$3.6B+23% y/y | ≈$0.71−27% y/y |
| Oct 17, 2019 Thu | 6:10 ambefore market open | Sep 30, 2019 | $3.0B+3% y/y | $0.95−6% y/y |
| Jul 18, 2019 Thu | 6:04 ambefore market open | Jun 30, 2019 | $3.0B+6% y/y | $1.09+10% y/y |
| Apr 18, 2019 Thu | 6:42 ambefore market open | Mar 31, 2019 | $2.9B+3% y/y | $0.97+3% y/y |
| Jan 17, 2019 Thu | 6:07 ambefore market open | Dec 31, 2018 | ≈$2.9B+2% y/y | ≈$0.97+26% y/y |
| Oct 18, 2018 Thu | 6:03 ambefore market open | Sep 30, 2018 | $2.9B+4% y/y | $1.01+36% y/y |
| Jul 19, 2018 Thu | 6:11 ambefore market open | Jun 30, 2018 | $2.9B+1% y/y | $0.99+29% y/y |
| Apr 18, 2018 Wed | 7:27 pmafter market close | Mar 31, 2018 | $2.8B+1% y/y | $0.94+104% y/y |
| Jan 17, 2018 Wed | 6:42 pmafter market close | Dec 31, 2017 | ≈$2.9B+5% y/y | ≈$0.77+7% y/y |
| Oct 18, 2017 Wed | 6:28 pmafter market close | Sep 30, 2017 | $2.8B+1% y/y | $0.74+1% y/y |
| Jul 19, 2017 Wed | 6:32 pmafter market close | Jun 30, 2017 | $2.9B+4% y/y | $0.77+17% y/y |
| Apr 19, 2017 Wed | 7:12 pmafter market close | Mar 31, 2017 | $2.8B+9% y/y | $0.46−31% y/y |
| Jan 18, 2017 Wed | 6:08 pmafter market close | Dec 31, 2016 | ≈$2.7B+8% y/y | ≈$0.72+12% y/y |
| Oct 18, 2016 Tue | 6:57 pmafter market close | Sep 30, 2016 | $2.8B+13% y/y | $0.73+14% y/y |
| Jul 20, 2016 Wed | 7:10 pmafter market close | Jun 30, 2016 | $2.7B+18% y/y | $0.66+6% y/y |
| Apr 20, 2016 Wed | 8:25 pmafter market close | Mar 31, 2016 | $2.5B+10% y/y | $0.67+0% y/y |
| Jan 20, 2016 Wed | 7:07 pmafter market close | Dec 31, 2015 | ≈$2.5B+7% y/y | ≈$0.64−15% y/y |
| Oct 14, 2015 Wed | 6:54 pmafter market close | Sep 30, 2015 | $2.5B+7% y/y | $0.64−9% y/y |
| Jul 15, 2015 Wed | 8:13 pmafter market close | Jun 30, 2015 | $2.3B+1% y/y | $0.62+7% y/y |
| Apr 22, 2015 Wed | 7:32 pmafter market close | Mar 31, 2015 | $2.3B+2% y/y | $0.67−1% y/y |
| Jan 21, 2015 Wed | 6:43 pmafter market close | Dec 31, 2014 | ≈$2.4B−4% y/y | ≈$0.75+0% y/y |
| Oct 15, 2014 Wed | 7:04 pmafter market close | Sep 30, 2014 | $2.3B−1% y/y | $0.70+89% y/y |
| Jul 21, 2014 Mon | 6:05 ambefore market open | Jun 30, 2014 | $2.3B−7% y/y | $0.58−25% y/y |
| Apr 16, 2014 Wed | 7:11 pmafter market close | Mar 31, 2014 | $2.3B−6% y/y | $0.68+134% y/y |
| Jan 15, 2014 Wed | 7:18 pmafter market close | Dec 31, 2013 | ≈$2.4B−2% y/y | ≈$0.75+6% y/y |
| Oct 16, 2013 Wed | 7:23 pmafter market close | Sep 30, 2013 | $2.3B−5% y/y | $0.37−44% y/y |
| Jul 17, 2013 Wed | 8:28 pmafter market close | Jun 30, 2013 | $2.5B+1% y/y | $0.77+7% y/y |
| Apr 17, 2013 Wed | 8:53 pmafter market close | Mar 31, 2013 | $2.4B+5% y/y | $0.29−52% y/y |
| Jan 16, 2013 Wed | 8:11 pmafter market close | Dec 31, 2012 | ≈$2.5B+5% y/y | ≈$0.71+27% y/y |
| Oct 17, 2012 Wed | 9:13 pmafter market close | Sep 30, 2012 | $2.4B+16% y/y | $0.66+27% y/y |
| Jul 19, 2012 Thu | 6:17 ambefore market open | Jun 30, 2012 | $2.4B+13% y/y | $0.72+64% y/y |
| Apr 19, 2012 Thu | 6:02 ambefore market open | Mar 31, 2012 | $2.3B+15% y/y | $0.61+91% y/y |
| Jan 19, 2012 Thu | 6:07 ambefore market open | Dec 31, 2011 | ≈$2.4B | ≈$0.56 |
| Oct 20, 2011 Thu | 6:01 ambefore market open | Sep 30, 2011 | $2.1B | $0.52 |
| Jul 21, 2011 Thu | 6:02 ambefore market open | Jun 30, 2011 | $2.1B | $0.44 |
| Apr 21, 2011 Thu | 6:00 ambefore market open | Mar 31, 2011 | $2.0B | $0.32 |
Show all 62 reports since 2011Show fewer
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Companies that file the 8-K late in the evening publish the release the next morning: the date is that morning, before market open, and the evening filing time is not shown. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Truist: 15-year financials
| 2025 | 20,319 | 4,974 | — | 2,672 |
| 2024 | 13,278 | 4,469 | — | 2,770 |
| 2023 | 20,022 | −1,452 | — | 2,770 |
| 2022 | 19,973 | 5,927 | 10,517 | 2,656 |
| 2021 | 22,296 | 6,033 | 7,450 | 2,485 |
| 2020 | 22,705 | 4,184 | 6,622 | 2,424 |
| 2019 | 12,568 | 3,028 | 1,296 | 1,309 |
| 2018 | 11,558 | 3,063 | 3,986 | 1,204 |
| 2017 | 11,317 | 2,220 | — | 1,005 |
| 2016 | 10,793 | 2,259 | — | 925 |
| 2015 | 9,611 | 1,936 | — | 789 |
| 2014 | 9,230 | 1,983 | — | 666 |
| 2013 | 9,652 | 1,563 | — | 765 |
| 2012 | 9,677 | 1,916 | 3,569 | 531 |
| 2011 | 8,620 | 1,289 | 4,052 | 446 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP)*.
How we calculate
Figures are annual report lines; if a year was later restated (discontinued operations, mergers), we use the latest filing that shows it. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing. The table starts in 2011; where the listed issuer changed (holding reorganization, redomicile), earlier years come from the predecessor’s filings.
Shareholders’ equity at Jun 30, 2026: $64.1B (12% of total assets). Compare with other S&P 500 companies →
Included in screener lists: S&P 500 companies that paid dividends 10 years without a gap
Truist (TFC) earnings: FAQ
How does Truist make money?
Truist brought in $3.75 billion of revenue in Q3 2026, down 27.8% year over year. The largest source was Net interest income: $3.66 billion, or 98% of the total, followed by Noninterest income ($84.0M, 2%). Net income for the quarter was $684 million, down 49.3% year over year.
When is TFC's next earnings date?
We have not yet seen an announcement of the date from Truist (TFC). Based on last year's report on Jan 21, 2026, the next report is expected around Jan 20, 2027.
What time does TFC report earnings?
Truist usually reports before market open: its latest results release was filed with the SEC at 6:31 am ET on Oct 16, 2026.
When did TFC last report earnings?
Truist reported Q3 2026 results on Oct 16, 2026.
Where can I find Truist's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to TFC's filings; this page breaks the latest report down in a Sankey chart.
What was TFC's net income in Q3 2026?
Truist reported net income of $684M for Q3 2026 (−49.3% year over year), under US GAAP.
Does Truist pay dividends?
Yes. In 2025, Truist paid $2,672M in dividends on its common stock, per its 10-K. Earlier years are in the 15-year table above.
How has Truist's revenue changed since 2011?
Per its 10-K filings, revenue grew 2.4x: $8,620M in 2011 and $20,319M in 2025. The peak was $22,705M in 2020. Year-by-year figures are in the table above.
New to earnings reports? Start with how to read an earnings report.
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