8-K - TFC - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________________

Form 8-K

Current Report

_____________________________________________

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

January 21, 2026

Date of Report (Date of earliest event reported)

Truist Financial Corporation

(Exact name of registrant as specified in its charter)

_____________________________________________

North Carolina	1-10853	56-0939887
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
214 North Tryon Street
---	---	---
Charlotte,	North Carolina	28202
(Address of principal executive offices)		(Zip Code)

(844) 487-8478

(Registrant’s telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

_____________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $5 par value	TFC	New York Stock Exchange
Depositary Shares each representing 1/4,000th interest in a share of Series I Perpetual Preferred Stock	TFC.PI	New York Stock Exchange
5.853% Fixed-to-Floating Rate Normal Preferred Purchase Securities each representing 1/100th interest in a share of Series J Perpetual Preferred Stock	TFC.PJ	New York Stock Exchange
Depositary Shares each representing 1/1,000th interest in a share of Series O Non-Cumulative Perpetual Preferred Stock	TFC.PO	New York Stock Exchange
Depositary Shares each representing 1/1,000th interest in a share of Series R Non-Cumulative Perpetual Preferred Stock	TFC.PR	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

ITEM 2.02 Results of Operations and Financial Condition.

On January 21, 2026, Truist Financial Corporation (“Truist”) issued a press release announcing its reporting of fourth quarter 2025 results and posted on its website its fourth quarter 2025 Earnings Release, Quarterly Performance Summary, and Earnings Release Presentation. The materials contain forward-looking statements regarding Truist and include cautionary language identifying important factors that could cause actual results to differ materially from those anticipated.

The information included in Exhibits 99.1 and 99.2, other than the quotation under the heading “CEO Commentary” on page 1 of Exhibit 99.1, shall be deemed “filed” for purposes of the Securities Exchange Act of 1934 (“Exchange Act”). The (i) quotation under the heading “CEO Commentary” on page 1 of Exhibit 99.1 and (ii) the Earnings Release Presentation included as Exhibit 99.3 are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that section. Such quotation and Presentation will not be deemed incorporated by reference into another filing under the Exchange Act or Securities Act of 1933, except as otherwise expressly stated in such subsequent filing.

All information in the Earnings Release, Quarterly Performance Summary, and Earnings Release Presentation speaks as of the date thereof, and Truist does not assume any obligation to update such information in the future.

ITEM 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	Earnings Release issued January 21, 2026.
99.2	Quarterly Performance Summary issued January 21, 2026.
99.3	Earnings Release Presentation issued January 21, 2026.
104	The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TRUIST FINANCIAL CORPORATION
	(Registrant)
By:	/s/ Cynthia B. Powell
	Cynthia B. Powell
	Executive Vice President and Corporate Controller
	(Principal Accounting Officer)

Date: January 21, 2026

Document

		News Release
Truist reports fourth quarter 2025 results
Net income available to common shareholders of $1.3 billion, or $1.00 per diluted share	Average loans HFI increased 4.3 billion, or 1.3%	Repurchased $750 million in common shares;<br><br>Dividend and total payout ratios of 51% and 109%
4Q25 Key Financial Data

All values are in US Dollars.

(Dollars in billions, except per share data)	4Q25			3Q25			4Q24			FY2025			FY2024
Summary Income Statement
Net interest income	$	3.70		$	3.63		$	3.59		$	14.42		$	14.09
Net interest income - TE(1)	3.75			3.68			3.64			14.62			14.30
Noninterest income	1.55			1.56			1.47			5.90			(0.81)
Total revenue	5.25			5.19			5.06			20.32			13.28
Total revenue - TE(1)	5.30			5.24			5.11			20.52			13.49
Noninterest expense	3.17			3.01			3.04			12.08			12.01
Net income available from continuing operations	1.35			1.45			1.29			5.31			(0.05)
Net income from discontinued operations	–			–			(0.01)			–			4.89
Net income	1.35			1.45			1.28			5.31			4.84
Net income available to common shareholders	1.29			1.35			1.22			4.97			4.47
PPNR(1)	2.13			2.22			2.08			8.44			1.48
Key Metrics
Diluted EPS	$	1.00		$	1.04		$	0.91		$	3.82		$	3.36
BVPS	47.74			46.70			43.90
TBVPS(1)	33.48			32.57			30.01
ROCE	8.5		%	9.0		%	8.4		%	8.4		%	8.0		%
ROTCE(1)	12.7			13.6			12.9			12.7			13.3
Efficiency ratio - unadjusted	60.4			58.1			60.0			59.4			90.4
Efficiency ratio - adjusted(1)	54.9			55.7			57.7			56.0			56.3
NIM - TE(1)	3.07			3.01			3.07			3.03			3.03
NCO ratio	0.57			0.48			0.59			0.54			0.59
ALLL ratio	1.53			1.54			1.59
CET1 ratio(2)	10.8			11.0			11.5
Average Balances
Assets	$	542		$	542		$	527		$	538		$	526
Securities	118			119			125			121			124
Loans and leases	327			322			305			318			307
Deposits	396			397			390			396			388

•Net income available to common shareholders was $1.3 billion, or $1.00 per diluted share, and included:

◦An incremental accrual related to executing a settlement agreement in a specific legal matter(4) of $130 million ($99 million after-tax) or $0.08 per diluted share

◦Charges primarily related to severance of $63 million ($48 million after-tax) or $0.04 per diluted share

•Total revenue - TE(1) was up 1.1%

◦Net interest income - TE(1) increased 1.9%; net interest margin - TE(1) was up six basis points

◦Noninterest income was stable

•Noninterest expense was up $156 million, or 5.2%, primarily due to an incremental legal accrual and higher personnel expense, including severance, partially offset by lower regulatory costs

•Average loans and leases HFI were $324.8 billion, up $4.3 billion, or 1.3%, due to continued broad based loan growth

◦End of period loans and leases HFI were $328.6 billion, up $4.9 billion, or 1.5%

•Average deposits were flat

◦End of period deposits were $400.4 billion, up $5.5 billion, or 1.4%

•Asset quality continues to reflect credit discipline

◦Nonperforming loans to total loans HFI were flat

◦Loans 90 days or more past due to total loans HFI were up three basis points

◦ALLL ratio was down one basis point

◦Net charge-off ratio of 57 basis points was up nine basis points, primarily due to higher net charge-offs in the commercial and industrial, other consumer, credit card, and indirect auto portfolios, partially offset by lower net charge-offs in the CRE portfolio

•Capital levels remained strong

◦Repurchased $750 million in common shares, resulting in a dividend and total payout ratio of 51% and 109%, respectively

◦Announced up to $10 billion in share repurchase authorization with no expiration date

◦CET1 ratio(2) was 10.8%

Amounts may not foot due to rounding.

(1)Represents a non-GAAP measure. A reconciliation of each of these non-GAAP measures to the most directly comparable GAAP measure is included in Truist’s Fourth Quarter 2025 Quarterly Performance Summary.

(2)Current quarter capital ratios are preliminary.

(3)This section summarizes changes from fourth quarter of 2025 compared to third quarter of 2025 on a continuing operations basis, unless otherwise noted.

(4)For more information, see the Selected Items section in Truist’s Fourth Quarter 2025 Quarterly Performance Summary.

CEO Commentary

“We delivered strong, purpose-driven performance in 2025 by deepening client relationships, enhancing operational efficiency, investing in talented teammates and innovative technology, and increasing capital return to shareholders. Through disciplined risk management and sound governance, we strengthened our foundation and positioned Truist for sustainable growth.

In 2026, we will build on the momentum we have established and focus on enhancing the execution of our top growth initiatives. We have a defined path towards our 2027 15% ROTCE target. Our growth and investment plan and capital return will deliver exceptional value for our clients, teammates, and shareholders.”

— Bill Rogers, Truist Chairman & CEO

Contact:
Investors:	Brad Milsaps	investors@truist.com
Media:	Shelley Miller	media@truist.com

Net Interest Income, Net Interest Margin, and Average Balances
	Quarter Ended						Change
(Dollars in millions)	4Q25			3Q25				4Q24			Link				Like
Interest income	$	6,114		$	6,286			$	6,179		$	(172)	(2.7)	%		$	(65)	(1.1)	%
Plus: TE adjustment(1)	49			51				51			(2)		(3.9)			(2)		(3.9)
Interest income - TE(1)	6,163			6,337				6,230			(174)		(2.7)			(67)		(1.1)
Interest expense	2,414			2,657				2,589			(243)		(9.1)			(175)		(6.8)
Net interest income - TE(1)	$	3,749		$	3,680			$	3,641		$	69	1.9			$	108	3.0
Net interest margin - TE(1)	3.07		%	3.01		%		3.07		%	6 bps					— bps
Average Balances(2)
Total earning assets	$	484,597		$	486,006			$	472,639		$	(1,409)	(0.3)	%		$	11,958	2.5	%
Total interest-bearing liabilities	358,724			359,103				341,213			(379)		(0.1)			17,511		5.1
Yields / Rates(1)
Total earning assets	5.05		%	5.18		%		5.25		%	(13) bps					(20) bps
Total interest-bearing liabilities	2.67			2.94				3.02			(27) bps					(35) bps

(1)Amounts are on a taxable-equivalent basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends.

(2)Represents daily average balances. Unrealized gains and losses on available-for-sale securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.

Taxable-equivalent net interest income for the fourth quarter of 2025 was up $69 million, or 1.9%, compared to the third quarter of 2025 driven by loan and client deposit growth and fixed rate asset repricing. Net interest margin - TE was 3.07%, up six basis points compared to the third quarter of 2025 driven by loan growth, rate cuts, and lower deposit costs.

•Average earning assets decreased $1.4 billion, or 0.3%, primarily due to declines in average other earning assets (primarily cash at the Federal Reserve) of $4.6 billion, or 12%, and average securities of $1.5 billion, or 1.2%, partially offset by an increase in average total loans of $4.7 billion, or 1.4%.

•The yield on the average total loan portfolio was 5.87%, down 13 basis points. The yield on the average securities portfolio was 3.04%, down 12 basis points.

•Average deposits were flat, average short-term borrowings increased $2.3 billion, or 8.7%, and average long-term debt decreased $2.3 billion, or 5.6%.

•The average cost of total deposits was 1.64%, down 20 basis points. The average cost of short-term borrowings was 4.08%, down 34 basis points. The average cost of long-term debt was 4.91%, down 13 basis points.

Taxable-equivalent net interest income for the fourth quarter of 2025 was up $108 million, or 3.0%, compared to the fourth quarter of 2024. Net interest margin - TE was 3.07%, flat compared to the fourth quarter of 2024.

•Average earning assets increased $12.0 billion, or 2.5%, primarily due to an increase in average total loans of $22.1 billion, or 7.3%, partially offset by a decline in average securities of $7.2 billion, or 5.7%, and average other earning assets (primarily cash at the Federal Reserve) of $3.6 billion, or 9.4%.

•The yield on the average total loan portfolio was 5.87%, down 25 basis points due to the impact of variable rate loans repricing. The yield on the average securities portfolio was 3.04%, down 15 basis points.

•Average deposits increased $6.0 billion, or 1.5%, average short-term borrowings increased $4.1 billion, or 16%, and average long-term debt increased $5.0 billion, or 15%.

•The average cost of total deposits was 1.64%, down 25 basis points. The average cost of short-term borrowings was 4.08%, down 73 basis points. The average cost of long-term debt was 4.91%, down 15 basis points.

Noninterest Income
	Quarter Ended				Change
(Dollars in millions)	4Q25		3Q25			4Q24		Link				Like
Wealth management income	$	365	$	374		$	345	$	(9)	(2.4)	%		$	20	5.8	%
Card and treasury management fees(1)(2)	336		340			334		(4)		(1.2)			2		0.6
Investment banking and trading income	335		323			262		12		3.7			73		27.9
Other deposit revenue(1)(3)	121		125			134		(4)		(3.2)			(13)		(9.7)
Mortgage banking income	119		118			117		1		0.8			2		1.7
Lending related fees	98		103			93		(5)		(4.9)			5		5.4
Securities gains (losses)	—		—			(1)		—		—			1		(100.0)
Other income(4)	172		175			186		(3)		(1.7)			(14)		(7.5)
Total noninterest income	$	1,546	$	1,558		$	1,470	$	(12)	(0.8)			$	76	5.2

(1)Effective December 31, 2025, Truist reclassified treasury management fees to 'Card and treasury management fees' from 'Other deposit revenue.' Prior period balances have been conformed to current period presentation.

(2)Renamed from 'Card and payment related fees.'

(3)Renamed from 'Service charges on deposits.'

(4)Effective December 31, 2025, Truist reclassified operating lease income into 'Other income.' Prior period balances have been conformed to current period presentation.

Noninterest income was stable compared to the third quarter of 2025 as modest declines in several categories were mostly offset by higher investment banking and trading income.

•Investment banking and trading income increased primarily due to higher merger and acquisition fees, partially offset by lower trading income and capital markets activity.

Noninterest income was up $76 million, or 5.2%, compared to the fourth quarter of 2024 primarily due to higher investment banking and trading income and wealth management income.

•Investment banking and trading income increased primarily due to higher merger and acquisition fees and capital markets activity.

•Wealth management income increased primarily due to higher assets under management.

Noninterest Expense
	Quarter Ended				Change
(Dollars in millions)	4Q25		3Q25			4Q24		Link				Like
Personnel expense(1)	$	1,818	$	1,748		$	1,598	$	70	4.0	%		$	220	13.8	%
Professional fees and outside processing(1)	337		346			415		(9)		(2.6)			(78)		(18.8)
Software expense	242		233			232		9		3.9			10		4.3
Net occupancy expense(1)	176		185			188		(9)		(4.9)			(12)		(6.4)
Equipment expense	90		90			112		—		—			(22)		(19.6)
Marketing and customer development	63		79			74		(16)		(20.3)			(11)		(14.9)
Amortization of intangibles	70		72			84		(2)		(2.8)			(14)		(16.7)
Regulatory costs	7		32			56		(25)		(78.1)			(49)		(87.5)
Other expense(1)(2)	367		229			276		138		60.3			91		33.0
Total noninterest expense	$	3,170	$	3,014		$	3,035	$	156	5.2			$	135	4.4

(1)Effective December 31, 2025, Truist reclassified the underlying activities of restructuring charges, which were previously reported in a separate financial statement caption, to their natural expense categories of 'Personnel', 'Net occupancy', 'Professional fees and outside processing', and 'Other expense.' Prior period balances have been conformed to current period presentation.

(2)Effective December 31, 2025, Truist reclassified operating lease depreciation into 'Other expense.' Prior period balances have been conformed to current period presentation.

Noninterest expense was up $156 million, or 5.2%, compared to the third quarter of 2025 primarily due to higher other expense and higher personnel expense, partially offset by lower regulatory costs.

•Other expense increased primarily due to an incremental accrual related to executing a settlement agreement in a specific legal matter.

•Personnel expense increased primarily due to higher incentives and severance charges.

•Regulatory costs decreased primarily due to an adjustment to the FDIC special assessment.

Noninterest expense was up $135 million, or 4.4%, compared to the fourth quarter of 2024 primarily due to higher personnel expense and other expense, partially offset by lower professional fees and outside processing expense and lower regulatory costs.

•Personnel expense increased primarily due to higher investments in talent in revenue producing businesses as well as the technology and risk infrastructure organizations, incentives, severance charges, and insurance costs.

•Other expense increased primarily due to an incremental accrual related to executing a settlement agreement in a specific legal matter, partially offset by lower other operating losses.

•Professional fees and outside processing expense decreased primarily due to the completion of various projects.

•Regulatory costs decreased primarily due to an adjustment to the FDIC special assessment.

Provision for Income Taxes
	Quarter Ended						Change
(Dollars in millions)	4Q25			3Q25				4Q24			Link			Like
Provision for income taxes	$	210		$	285			$	265		$	(75)	(26.3)%		$	(55)	(20.8)%
Effective tax rate	13.4		%	16.4		%		17.1		%	(300) bps				(370) bps

The lower effective tax rate for the fourth quarter of 2025 compared to the third quarter of 2025 is primarily driven by a decrease in pre-tax earnings, an increase in discrete tax benefits and tax credit activity.

The lower effective tax rate for the fourth quarter of 2025 compared to the fourth quarter of 2024 is primarily due to tax credit activity and beneficial permanent differences.

Average Loans and Leases
(Dollars in millions)	4Q25		3Q25		Change		% Change
Commercial:
Commercial and industrial	$	163,990	$	162,207	$	1,783	1.1	%
CRE	23,205		21,171		2,034		9.6
Commercial construction	8,015		8,258		(243)		(2.9)
Total commercial	195,210		191,636		3,574		1.9
Consumer:
Residential mortgage	57,100		57,676		(576)		(1.0)
Home equity	9,679		9,588		91		0.9
Indirect auto	25,639		24,964		675		2.7
Other consumer	32,181		31,714		467		1.5
Total consumer	124,599		123,942		657		0.5
Credit card	4,956		4,915		41		0.8
Total loans and leases held for investment	$	324,765	$	320,493	$	4,272	1.3

Average loans and leases HFI were $324.8 billion, an increase of $4.3 billion, or 1.3%, compared to the prior quarter.

•Average commercial loans increased 1.9% due to an increase in the commercial and industrial and CRE portfolios.

•Average consumer loans increased 0.5% due to growth in the indirect auto and other consumer portfolios, partially offset by a decline in the residential mortgage portfolio.

End of period loans and leases HFI were $328.6 billion, up $4.9 billion, or 1.5%, primarily due to increases in the commercial and industrial and CRE portfolios.

Average Deposits
(Dollars in millions)	4Q25		3Q25		Change		% Change
Noninterest-bearing deposits	$	105,552	$	105,751	$	(199)	(0.2)	%
Interest checking	112,313		109,244		3,069		2.8
Money market and savings	138,114		136,515		1,599		1.2
Time deposits	40,031		45,090		(5,059)		(11.2)
Total deposits	$	396,010	$	396,600	$	(590)	(0.1)

Average deposits for the fourth quarter of 2025 were $396.0 billion, flat compared to the prior quarter.

Average noninterest-bearing deposits decreased 0.2% compared to the prior quarter and represented 26.7% of total deposits for both the fourth and third quarters of 2025. Average interest checking deposits increased 2.8%. Average money market and savings accounts increased 1.2%. Average time deposits decreased 11.2%.

End of period deposits were $400.4 billion, up $5.5 billion, or 1.4%, primarily due to increases in interest checking deposits and money market and savings, partially offset by declines in time deposits and noninterest bearing deposits.

Capital Ratios
	4Q25		3Q25		2Q25		1Q25		4Q24
Risk-based:	(preliminary)
CET1	10.8	%	11.0	%	11.0	%	11.3	%	11.5	%
Tier 1	11.9		12.3		12.3		12.7		12.9
Total	13.8		14.2		14.3		14.7		15.0
Leverage	10.0		10.2		10.2		10.3		10.5
Supplementary leverage	8.3		8.5		8.5		8.7		8.8

Capital ratios remained strong compared to the regulatory requirements for well-capitalized banks. Truist’s CET1 ratio was 10.8% as of December 31, 2025, down 20 basis points compared to September 30, 2025 primarily due to capital returned to shareholders and an increase in risk-weighted assets, partially offset by current quarter earnings.

Truist declared common dividends of $0.52 per share during the fourth quarter of 2025 and repurchased $750 million of common stock. The dividend and total payout ratios for the fourth quarter of 2025 were 51% and 109%, respectively.

In December 2025, Truist announced that its Board of Directors authorized the repurchase of up to $10.0 billion of common stock effective immediately with no expiration date, replacing the previous repurchase authority, as part of Truist’s overall capital distribution strategy.

Truist’s average consolidated LCR was 111% for the three months ended December 31, 2025, compared to the regulatory minimum of 100%.

Asset Quality
(Dollars in millions)	4Q25			3Q25			2Q25			1Q25			4Q24
Total nonperforming assets	$	1,633		$	1,629		$	1,316		$	1,618		$	1,477
Total loans 90 days or more past due and still accruing	684			584			546			616			587
Total loans 30-89 days past due and still accruing	1,980			1,743			1,811			1,619			1,949
Nonperforming loans and leases as a percentage of loans and leases held for investment	0.48		%	0.48		%	0.39		%	0.48		%	0.47		%
Loans 30-89 days past due and still accruing as a percentage of loans and leases	0.60			0.54			0.57			0.52			0.64
Loans 90 days or more past due and still accruing as a percentage of loans and leases	0.21			0.18			0.17			0.20			0.19
Loans 90 days or more past due and still accruing as a percentage of loans and leases, excluding government guaranteed	0.05			0.05			0.04			0.05			0.05
Allowance for loan and lease losses as a percentage of loans and leases held for investment	1.53			1.54			1.54			1.58			1.59
Ratio of allowance for loan and lease losses to net charge-offs	2.7x			3.3x			3.1x			2.6x			2.7x
Ratio of allowance for loan and lease losses to nonperforming loans and leases held for investment	3.2x			3.2x			3.9x			3.3x			3.4x

Applicable ratios are annualized.

Nonperforming assets totaled $1.6 billion at December 31, 2025, flat compared to September 30, 2025, as increases in the commercial and industrial, indirect auto, and residential mortgage portfolios were offset by declines in the CRE and LHFS portfolios. Nonperforming loans and leases were 0.48% of loans and leases held for investment at December 31, 2025, flat compared to September 30, 2025.

Loans 90 days or more past due and still accruing totaled $684 million at December 31, 2025, up three basis points as a percentage of loans and leases compared with the prior quarter. Excluding government guaranteed loans, the ratio of loans 90 days or more past due and still accruing as a percentage of loans and leases was 0.05% at December 31, 2025, flat compared to September 30, 2025.

Loans 30-89 days past due and still accruing totaled $2.0 billion at December 31, 2025, up $237 million, or six basis points as a percentage of loans and leases, compared to the prior quarter.

The allowance for credit losses was $5.3 billion at December 31, 2025 and included $5.0 billion for the allowance for loan and lease losses and $317 million for the reserve for unfunded commitments. The ALLL ratio at December 31, 2025 was 1.53%, down one basis point compared with September 30, 2025. The ALLL covered nonperforming loans and leases held for investment 3.2x at December 31, 2025, flat compared to September 30, 2025. At December 31, 2025, the ALLL was 2.7x annualized net charge-offs, compared to 3.3x at September 30, 2025.

Provision for Credit Losses
	Quarter Ended						Change
(Dollars in millions)	4Q25			3Q25				4Q24			Link				Like
Provision for credit losses	$	512		$	436			$	471		$	76	17.4	%		$	41	8.7	%
Net charge-offs	470			385				453			85		22.1			17		3.8
Net charge-offs as a percentage of average loans and leases	0.57		%	0.48		%		0.59		%	9 bps					(2) bps

Applicable ratios are annualized.

The provision for credit losses was $512 million for the fourth quarter of 2025, compared to $436 million for the third quarter of 2025.

•The net charge-off ratio for the current quarter was up compared to the third quarter of 2025 primarily driven by higher net charge-offs in the commercial and industrial, other consumer, credit card, and indirect auto portfolios, partially offset by lower net charge-offs in the CRE portfolio.

The provision for credit losses was $512 million for the fourth quarter of 2025, compared to $471 million for the fourth quarter of 2024.

•The increase in the current quarter provision expense primarily reflects a higher allowance build.

•The net charge-off ratio for the current quarter was down compared to the fourth quarter of 2024 primarily driven by higher loan balances that outpaced a slight increase in net-charge offs.

Earnings Presentation and Quarterly Performance Summary

Investors can access the live fourth quarter 2025 earnings call at 8 a.m. ET today by webcast or dial-in as follows:

Webcast: app.webinar.net/9aJQk1yk8gm

Dial-in: 1-877-883-0383, passcode 2165525

Additional details: The news release and presentation materials are available at ir.truist.com under “Events & Presentations.” A replay of the call will be available on the website for 30 days.

The presentation, including an appendix reconciling non-GAAP disclosures, and Truist’s Fourth Quarter 2025 Quarterly Performance Summary, which contains detailed financial schedules, are available at https://ir.truist.com/earnings.

About Truist

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $548 billion as of December 31, 2025. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.

#-#-#

Glossary of Defined Terms
Term	Definition
ALLL	Allowance for loan and lease losses
BVPS	Book value (common equity) per share
CEO	Chief Executive Officer
CET1	Common equity tier 1
CRE	Commercial real estate
FDIC	Federal Deposit Insurance Corporation
GAAP	Accounting principles generally accepted in the United States of America
HFI	Held for investment
LCR	Liquidity Coverage Ratio
Like	Compared to fourth quarter of 2024
Link	Compared to third quarter of 2025
NCO	Net charge-offs
NIM - TE	Net interest margin, computed on a TE basis
NM	Not meaningful
PPNR	Pre-provision net revenue
ROCE	Return on average common equity
ROTCE	Return on average tangible common equity
TBVPS	Tangible book value per common share
TE	Taxable-equivalent

Non-GAAP Financial Information

This news release contains financial information and performance measures determined by methods other than in accordance with GAAP. Truist’s management uses these “non-GAAP” measures in their analysis of Truist’s performance and the efficiency of its operations. Management believes these non-GAAP measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant items in the current period. Truist believes a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Below is a listing of the types of non-GAAP measures used in this news release:

•Adjusted efficiency ratio and related measures - The adjusted efficiency ratio is non-GAAP in that it excludes securities gains and losses, amortization of intangible assets, restructuring charges, and other selected items. Adjusted revenue and adjusted noninterest expense are related measures used to calculate the adjusted efficiency ratio. Taxable equivalent revenue and taxable equivalent net interest income include a taxable equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue and adjusted noninterest income excludes securities gains and losses, and adjusted revenue includes a taxable equivalent adjustment. Adjusted noninterest expense excludes restructuring charges and other selected items. Truist’s management calculated these measures based on Truist’s continuing operations. Truist’s management uses these measures in their analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges.

•PPNR - Pre-provision net revenue is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes. Truist’s management calculated this measure based on Truist’s continuing operations. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.

•Tangible Common Equity and Related Measures - Tangible common equity and related measures, including ROTCE and TBVPS, are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes, and their related amortization. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess profitability, returns relative to balance sheet risk, and shareholder value.

A reconciliation of each of these non-GAAP measures to the most directly comparable GAAP measure is included in this release or Truist’s Fourth Quarter 2025 Quarterly Performance Summary, which is available at https://ir.truist.com/earnings.

Forward Looking Statements

From time to time we have made, and in the future will make, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “pursue,” “seek,” “continue,” “estimate,” “project,” “outlook,” “forecast,” “potential,” “target,” “objective,” “trend,” “plan,” “goal,” “initiative,” “priorities,” or other words of comparable meaning or future-tense or conditional verbs such as “may,” “will,” “should,” “would,” or “could.” Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, or results.

This news release, including any information incorporated by reference herein, contains forward-looking statements. We also may make forward-looking statements in other documents that are filed or furnished with the SEC. In addition, we may make forward-looking statements orally or in writing to investors, analysts, members of the media, and others. All forward-looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, and results may differ materially from those set forth in any forward-looking statement. While no list of assumptions, risks, and uncertainties could be complete, some of the factors that may cause actual results or other future events or circumstances to differ from those in forward-looking statements include:

•evolving political, geopolitical, business, social, economic, and market conditions at local, regional, national, and international levels;

•monetary, fiscal, and trade laws or policies, including tariffs or changes in interest rates;

•the legal, regulatory, and supervisory environment, including changes in financial-services legislation, regulation, policies, or government officials or other personnel;

•our ability to address heightened scrutiny and expectations from supervisory or other governmental authorities and to timely and credibly remediate related concerns or deficiencies;

•judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings that create uncertainty for or are adverse to us or the financial-services industry;

•the outcomes of judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings to which we are or may be subject (either directly or indirectly through our ownership interests in other entities) and our ability to absorb and address any damages or other remedies that are sought or awarded and any collateral consequences;

•evolving accounting standards and policies;

•the adequacy of our corporate governance, risk-management framework, compliance programs, and internal controls over financial reporting, including our ability to control lapses or deficiencies in financial reporting, to make appropriate estimates, or to effectively mitigate or manage operational risk;

•any instability or breakdown in the financial system, including as a result of the actual or perceived soundness of another financial institution or another participant in the financial system;

•disruptions and shifts in investor sentiment or behavior in the securities, capital, or other financial markets, including financial or systemic shocks and volatility or changes in market liquidity, interest or currency rates, or valuations;

•our ability to cost-effectively fund our businesses and operations, including by accessing long- and short-term funding and liquidity and by retaining and growing client deposits;

•changes in any of our credit ratings;

•our ability to manage any unexpected outflows of uninsured deposits and avoid selling investment securities or other assets at an unfavorable time or at a loss;

•negative market perceptions of our investment portfolio or its value;

•adverse publicity or other reputational harm to us, our service providers, or our senior officers;

•business and consumer sentiment, preferences, or behavior, including spending, borrowing, or saving by businesses or households;

•our ability to execute on strategic and operational plans, including accelerating growth, improving profitability, investing in talent, technology, and risk infrastructure, maintaining expense, credit, and risk discipline, and returning capital to shareholders;

•changes in our corporate and business strategies, the composition of our assets, or the way in which we fund those assets;

•our ability to successfully make and integrate acquisitions and to effect divestitures;

•our ability to develop, maintain, and market our products or services or to absorb unanticipated costs or liabilities associated with those products or services;

•our ability to innovate, to anticipate the needs of current or future clients, to successfully compete, to increase or hold market share in changing competitive environments, or to deal with pricing or other competitive pressures;

•our ability to maintain secure and functional financial, accounting, technology, data processing, or other operating systems or infrastructure, including those that safeguard personal and other sensitive information;

•our ability to appropriately underwrite loans that we originate or purchase and to otherwise manage credit risk;

•our ability to satisfactorily and profitably perform loan servicing and similar obligations;

•the credit, liquidity, or other financial condition of our clients, counterparties, service providers, or competitors;

•our ability to effectively deal with economic, business, or market slowdowns or disruptions;

•the efficacy of our methods or models in assessing business strategies or opportunities or in valuing, measuring, estimating, monitoring, or managing positions or risk;

•our ability to keep pace with changes in technology that affect us or our clients, counterparties, service providers, or competitors or to maintain rights or interests in associated intellectual property;

•our ability to attract, hire, and retain key teammates and to engage in adequate succession planning;

•the performance and availability of third-party service providers on whom we rely in delivering products and services to our clients and otherwise in conducting our business and operations;

•our ability to detect, prevent, mitigate, and otherwise manage the risk of fraud or misconduct by internal or external parties;

•our ability to manage and mitigate physical-security and cybersecurity risks, including denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, environmental conditions, and intentional acts of destruction;

•natural or other disasters, calamities, and conflicts, including terrorist events, cyber-warfare, and pandemics;

•widespread outages of operational, communication, and other systems;

•our ability to maintain appropriate corporate responsibility practices, oversight, and disclosures;

•policies and other actions of governments to manage and mitigate climate and related environmental risks, and the effects of climate change or the transition to a lower-carbon economy on our business, operations, and reputation; and

•other assumptions, risks, or uncertainties described in the Risk Factors (Item 1A), Management’s Discussion and Analysis of Financial Condition and Results of Operations (Item 7), or the Notes to the Consolidated Financial Statements (Item 8) in our Annual Report on Form 10-K or described in any of the Company’s subsequent quarterly or current reports.

Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, or Current Report on Form 8-K.

10 -

Document

Quarterly Performance Summary

Truist Financial Corporation

Fourth Quarter 2025

Table of Contents
Quarterly Performance Summary
Truist Financial Corporation
	Page
Financial Highlights	1
Consolidated Statements of Income	2
Consolidated Ending Balance Sheets	3
Average Balances and Rates	4
Credit Quality	6
Segment Financial Performance	9
Capital Information	10
Selected Mortgage Banking Information & Additional Information	11
Selected Items	12
Non-GAAP Reconciliations	13

Financial Highlights

		Quarter Ended																				Year-to-Date
(Dollars in millions, except per share data, shares in thousands)		Dec. 31				Sept. 30				June 30				March 31				Dec. 31				Dec. 31				Dec. 31
	2025				2025				2025				2025				2024				2025				2024
Summary Income Statement
Interest income		$	6,114			$	6,286			$	6,154			$	5,988			$	6,179			$	24,542			$	25,066
Plus: Taxable-equivalent adjustment		49				51				48				48				51				196				212
Interest income - taxable equivalent(1)		6,163				6,337				6,202				6,036				6,230				24,738				25,278
Interest expense		2,414				2,657				2,567				2,481				2,589				10,119				10,975
Net interest income		3,700				3,629				3,587				3,507				3,590				14,423				14,091
Net interest income - taxable equivalent(1)		3,749				3,680				3,635				3,555				3,641				14,619				14,303
Provision for credit losses		512				436				488				458				471				1,894				1,870
Net interest income after provision for credit losses		3,188				3,193				3,099				3,049				3,119				12,529				12,221
Noninterest income		1,546				1,558				1,400				1,392				1,470				5,896				(813)
Noninterest expense		3,170				3,014				2,986				2,906				3,035				12,076				12,009
Income (loss) before income taxes		1,564				1,737				1,513				1,535				1,554				6,349				(601)
Provision (benefit) for income taxes		210				285				273				274				265				1,042				(556)
Net income (loss) from continuing operations		1,354				1,452				1,240				1,261				1,289				5,307				(45)
Net income (loss) from discontinued operations		—				—				—				—				(13)				—				4,885
Net income		1,354				1,452				1,240				1,261				1,276				5,307				4,840
Noncontrolling interests from discontinued operations		—				—				—				—				—				—				22
Preferred stock dividends and other		65				104				60				104				60				333				349
Net Income available to common shareholders		1,289				1,348				1,180				1,157				1,216				4,974				4,469
Additional Income Statement Information
Revenue		5,246				5,187				4,987				4,899				5,060				20,319				13,278
Revenue - taxable equivalent(1)		5,295				5,238				5,035				4,947				5,111				20,515				13,490
Pre-provision net revenue(1)		2,125				2,224				2,049				2,041				2,076				8,439				1,481
Key Metrics
Earnings:
Earnings per share-basic from continuing operations		$	1.02			$	1.05			$	0.91			$	0.88			$	0.93			$	3.87			$	(0.30)
Earnings per share-basic		1.02				1.05				0.91				0.88				0.92				3.87				3.36
Earnings per share-diluted from continuing operations		1.00				1.04				0.90				0.87				0.92				3.82				(0.30)
Earnings per share-diluted		1.00				1.04				0.90				0.87				0.91				3.82				3.36
Cash dividends declared per share		0.52				0.52				0.52				0.52				0.52				2.08				2.08
Common shareholders’ equity per share		47.74				46.70				45.70				44.85				43.90
Tangible common shareholders’ equity per share(1)		33.48				32.57				31.63				30.95				30.01
End of period shares outstanding		1,262,470				1,279,246				1,289,435				1,309,539				1,315,936
Weighted average shares outstanding-basic		1,267,341				1,280,571				1,292,292				1,307,457				1,317,017				1,286,788				1,331,087
Weighted average shares outstanding-diluted		1,285,078				1,296,666				1,305,005				1,324,339				1,333,701				1,302,700				1,331,087
Return on average assets		0.99		%		1.06		%		0.93		%		0.96		%		0.96		%		0.99		%		0.92		%
Return on average common shareholders’ equity		8.5				9.0				8.1				8.1				8.4				8.4				8.0
Return on average tangible common shareholders’ equity(1)		12.7				13.6				12.3				12.3				12.9				12.7				13.3
Net interest margin - taxable equivalent(1)		3.07				3.01				3.02				3.01				3.07				3.03				3.03
Efficiency ratio-unadjusted(2)		60.4				58.1				59.9				59.3				60.0				59.4				90.4
Efficiency ratio-adjusted(1)(2)		54.9				55.7				57.1				56.4				57.7				56.0				56.3
Credit Quality
Nonperforming loans and leases as a percentage of LHFI		0.48		%		0.48		%		0.39		%		0.48		%		0.47		%
Net charge-offs as a percentage of average LHFI		0.57				0.48				0.51				0.60				0.59				0.54		%		0.59		%
Allowance for loan and lease losses as a percentage of LHFI		1.53				1.54				1.54				1.58				1.59
Ratio of allowance for loan and lease losses to nonperforming LHFI		3.2x				3.2x				3.9x				3.3x				3.4x
Average Balances
Assets		$	542,233			$	541,825			$	537,069			$	531,630			$	527,013			$	538,228			$	526,065
Securities(3)		117,707				119,180				121,829				124,061				124,871				120,673				123,858
Loans and leases		326,737				322,070				313,841				307,528				304,609				317,609				306,538
Deposits		396,010				396,600				400,483				392,204				390,042				396,335				387,868
Common shareholders’ equity		59,991				59,141				58,327				58,125				57,754				58,902				55,876
Total shareholders’ equity		65,338				65,049				64,235				64,033				64,295				64,668				62,593
Period-End Balances
Assets		$	547,538			$	543,851			$	543,833			$	535,899			$	531,176
Securities(3)		112,228				113,544				115,363				117,888				118,104
Loans and leases		330,478				325,663				319,999				309,752				307,771
Deposits		400,398				394,907				406,122				403,736				390,524
Common shareholders’ equity		60,273				59,739				58,933				58,728				57,772
Total shareholders’ equity		65,189				65,646				64,840				64,635				63,679
Capital and Liquidity Ratios		(preliminary)
Common equity tier 1		10.8		%		11.0		%		11.0		%		11.3		%		11.5		%
Tier 1		11.9				12.3				12.3				12.7				12.9
Total		13.8				14.2				14.3				14.7				15.0
Leverage		10.0				10.2				10.2				10.3				10.5
Supplementary leverage		8.3				8.5				8.5				8.7				8.8
Liquidity coverage ratio		111				110				110				111				109

Applicable ratios are annualized.

(1)Represents a non-GAAP measure. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in the Non-GAAP Reconciliations section of this Quarterly Performance Summary.

(2)This metric is calculated based on continuing operations.

(3)Includes AFS and HTM securities. Average balances reflect AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.

Consolidated Statements of Income

	Quarter Ended										Year-to-Date
	Dec. 31		Sept. 30		June 30		March 31		Dec. 31		Dec. 31		Dec. 31
(Dollars in millions, except per share data, shares in thousands)	2025		2025		2025		2025		2024		2025		2024
Interest Income
Interest and fees on loans and leases	$	4,778	$	4,816	$	4,657	$	4,493	$	4,634	$	18,744	$	19,230
Interest on securities	896		941		961		975		994		3,773		3,506
Interest on other earning assets	440		529		536		520		551		2,025		2,330
Total interest income	6,114		6,286		6,154		5,988		6,179		24,542		25,066
Interest Expense
Interest on deposits	1,633		1,835		1,844		1,736		1,855		7,048		7,849
Interest on long-term debt	481		523		431		409		431		1,844		1,813
Interest on other borrowings	300		299		292		336		303		1,227		1,313
Total interest expense	2,414		2,657		2,567		2,481		2,589		10,119		10,975
Net Interest Income	3,700		3,629		3,587		3,507		3,590		14,423		14,091
Provision for credit losses	512		436		488		458		471		1,894		1,870
Net Interest Income After Provision for Credit Losses	3,188		3,193		3,099		3,049		3,119		12,529		12,221
Noninterest Income
Wealth management income	365		374		348		344		345		1,431		1,412
Card and treasury management fees(1)(2)	336		340		351		333		334		1,360		1,311
Investment banking and trading income	335		323		205		273		262		1,136		1,203
Other deposit revenue(1)(3)	121		125		108		117		134		471		511
Mortgage banking income	119		118		107		108		117		452		432
Lending related fees	98		103		99		95		93		395		366
Securities gains (losses)	—		—		(18)		(1)		(1)		(19)		(6,651)
Other income(4)	172		175		200		123		186		670		603
Total noninterest income	1,546		1,558		1,400		1,392		1,470		5,896		(813)
Noninterest Expense
Personnel expense(5)	1,818		1,748		1,678		1,604		1,598		6,848		6,587
Professional fees and outside processing(5)	337		346		373		364		415		1,420		1,342
Software expense	242		233		231		230		232		936		896
Net occupancy expense(5)	176		185		181		168		188		710		695
Equipment expense	90		90		89		82		112		351		373
Marketing and customer development	63		79		82		75		74		299		268
Amortization of intangibles	70		72		73		75		84		290		345
Regulatory costs	7		32		55		69		56		163		344
Other expense(4)(5)	367		229		224		239		276		1,059		1,159
Total noninterest expense	3,170		3,014		2,986		2,906		3,035		12,076		12,009
Earnings
Income (loss) before income taxes	1,564		1,737		1,513		1,535		1,554		6,349		(601)
Provision (benefit) for income taxes	210		285		273		274		265		1,042		(556)
Net income (loss) from continuing operations	1,354		1,452		1,240		1,261		1,289		5,307		(45)
Net income (loss) from discontinued operations	—		—		—		—		(13)		—		4,885
Net income	1,354		1,452		1,240		1,261		1,276		5,307		4,840
Noncontrolling interests from discontinuing operations	—		—		—		—		—		—		22
Preferred stock dividends and other	65		104		60		104		60		333		349
Net income available to common shareholders	$	1,289	$	1,348	$	1,180	$	1,157	$	1,216	$	4,974	$	4,469
Earnings Per Common Share
Earnings per share-basic from continuing operations	$	1.02	$	1.05	$	0.91	$	0.88	$	0.93	$	3.87	$	(0.30)
Earnings per share-basic	1.02		1.05		0.91		0.88		0.92		3.87		3.36
Earnings per share-diluted from continuing operations	1.00		1.04		0.90		0.87		0.92		3.82		(0.30)
Earnings per share-diluted	1.00		1.04		0.90		0.87		0.91		3.82		3.36
Weighted Average Shares Outstanding
Basic	1,267,341		1,280,571		1,292,292		1,307,457		1,317,017		1,286,788		1,331,087
Diluted	1,285,078		1,296,666		1,305,005		1,324,339		1,333,701		1,302,700		1,331,087

(2)Renamed from 'Card and payment related fees.'

(3)Renamed from 'Service charges on deposits.'

(4)Effective December 31, 2025, Truist reclassified operating lease income and operating lease depreciation into 'Other income' and 'Other expense,' respectively. Prior period balances have been conformed to current period presentation.

(5)Effective December 31, 2025, Truist reclassified the underlying activities of restructuring charges, which were previously reported in a separate financial statement caption, to their natural expense categories of 'Personnel', 'Net occupancy', 'Professional fees and outside processing', and 'Other expense.' Prior period balances have been conformed to current period presentation.

Consolidated Ending Balance Sheets - Five Quarter Trend

	Dec. 31		Sept. 30		June 30		March 31		Dec. 31
(Dollars in millions)	2025		2025		2025		2025		2024
Assets
Cash and due from banks	$	4,967	$	4,329	$	5,157	$	5,996	$	5,793
Interest-bearing deposits with banks	31,410		32,523		36,294		36,175		33,975
Securities borrowed or purchased under resale agreements	3,200		2,981		2,656		2,810		2,550
Trading assets at fair value	5,790		5,731		5,963		5,838		5,100
Securities available for sale at fair value	65,042		65,522		66,390		68,012		67,464
Securities held to maturity at amortized cost	47,186		48,022		48,973		49,876		50,640
Loans and leases:
Commercial:
Commercial and industrial	167,808		163,607		162,273		156,679		154,848
CRE	23,720		22,414		20,270		19,578		20,363
Commercial construction	7,783		8,027		8,277		8,766		8,520
Consumer:
Residential mortgage	56,807		57,623		57,828		56,099		55,599
Home equity	9,719		9,618		9,591		9,523		9,642
Indirect auto	25,659		25,490		24,558		23,628		23,089
Other consumer	32,181		32,070		31,122		29,537		29,395
Credit card	4,918		4,889		4,877		4,828		4,927
Total loans and leases held for investment	328,595		323,738		318,796		308,638		306,383
Loans held for sale	1,883		1,925		1,203		1,114		1,388
Total loans and leases	330,478		325,663		319,999		309,752		307,771
Allowance for loan and lease losses	(5,030)		(4,988)		(4,899)		(4,870)		(4,857)
Premises and equipment	3,172		3,176		3,197		3,168		3,225
Goodwill	17,125		17,125		17,125		17,125		17,125
Core deposit and other intangible assets	1,256		1,328		1,399		1,473		1,550
Loan servicing rights at fair value	3,972		3,776		3,612		3,628		3,708
Other assets	38,970		38,663		37,967		36,916		37,132
Total assets	$	547,538	$	543,851	$	543,833	$	535,899	$	531,176
Liabilities
Deposits:
Noninterest-bearing deposits	$	105,092	$	106,197	$	106,442	$	108,461	$	107,451
Interest checking	117,830		109,827		118,122		118,043		109,042
Money market and savings	139,044		135,931		133,891		136,777		137,307
Time deposits	38,432		42,952		47,667		40,455		36,724
Total deposits	400,398		394,907		406,122		403,736		390,524
Short-term borrowings	27,839		29,376		16,631		23,730		29,205
Long-term debt	41,963		41,729		44,427		32,030		34,956
Other liabilities	12,149		12,193		11,813		11,768		12,812
Total liabilities	482,349		478,205		478,993		471,264		467,497
Shareholders’ Equity:
Preferred stock	4,916		5,907		5,907		5,907		5,907
Common stock	6,312		6,396		6,447		6,548		6,580
Additional paid-in capital	33,663		34,278		34,620		35,178		35,628
Retained earnings	26,067		25,438		24,759		24,252		23,777
Accumulated other comprehensive loss	(5,769)		(6,373)		(6,893)		(7,250)		(8,213)
Total shareholders’ equity	65,189		65,646		64,840		64,635		63,679
Total liabilities and shareholders’ equity	$	547,538	$	543,851	$	543,833	$	535,899	$	531,176

Average Balances and Rates - Quarters

	Quarter Ended
	December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025						December 31, 2024
(Dollars in millions)	Average Balances(1)		Income/ Expense(2)		Yields/ Rates(2)		Average Balances(1)		Income/ Expense(2)		Yields/ Rates(2)		Average Balances(1)		Income/ Expense(2)		Yields/ Rates(2)		Average Balances(1)		Income/ Expense(2)		Yields/ Rates(2)		Average Balances(1)		Income/ Expense(2)		Yields/ Rates(2)
Assets
AFS and HTM securities at amortized cost:
U.S. Treasury	$	13,275	$	162	4.82	%	$	13,351	$	174	5.18	%	$	14,034	$	181	5.20	%	$	14,867	$	191	5.19	%	$	14,387	$	196	5.40	%
U.S. government-sponsored entities (GSE)	478		4		3.80		458		4		3.86		463		5		3.73		462		4		3.75		412		3		3.42
Mortgage-backed securities issued by GSE	103,591		727		2.81		104,998		760		2.89		106,947		772		2.89		108,345		777		2.87		109,644		792		2.89
States and political subdivisions	349		4		4.27		358		3		4.19		370		4		4.20		370		4		4.20		411		5		4.14
Other	14		—		4.42		15		1		4.50		15		—		4.53		17		—		4.72		17		—		5.16
Total securities	117,707		897		3.04		119,180		942		3.16		121,829		962		3.16		124,061		976		3.16		124,871		996		3.19
Loans and leases:
Commercial:
Commercial and industrial	163,990		2,267		5.49		162,207		2,312		5.66		158,491		2,262		5.72		155,214		2,184		5.70		153,209		2,293		5.95
CRE	23,205		354		5.99		21,171		336		6.25		19,687		308		6.22		19,832		302		6.12		20,504		337		6.47
Commercial construction	8,015		129		6.52		8,258		139		6.84		8,613		144		6.85		8,734		145		6.84		8,261		147		7.26
Consumer:
Residential mortgage	57,100		589		4.13		57,676		598		4.15		56,789		579		4.08		55,658		562		4.04		54,390		536		3.94
Home equity	9,679		176		7.24		9,588		182		7.51		9,586		178		7.47		9,569		177		7.48		9,675		189		7.78
Indirect auto	25,639		469		7.27		24,964		459		7.29		24,158		441		7.32		23,248		412		7.19		22,790		411		7.19
Other consumer	32,181		677		8.35		31,714		668		8.36		30,387		634		8.37		29,291		602		8.33		29,355		606		8.21
Credit card	4,956		136		10.89		4,915		146		11.74		4,890		139		11.35		4,849		138		11.60		4,926		143		11.54
Total loans and leases held for investment	324,765		4,797		5.87		320,493		4,840		6.00		312,601		4,685		6.01		306,395		4,522		5.97		303,110		4,662		6.12
Loans held for sale	1,972		28		5.64		1,577		24		6.18		1,240		19		6.15		1,133		17		5.93		1,499		21		5.87
Total loans and leases	326,737		4,825		5.87		322,070		4,864		6.00		313,841		4,704		6.01		307,528		4,539		5.97		304,609		4,683		6.12
Interest earning trading assets	6,015		82		5.38		5,991		86		5.70		5,896		88		5.98		5,628		80		5.72		5,462		79		5.86
Other earning assets(3)	34,138		359		4.13		38,765		445		4.50		39,417		448		4.51		38,997		441		4.53		37,697		472		4.91
Total earning assets	484,597		6,163		5.05		486,006		6,337		5.18		480,983		6,202		5.16		476,214		6,036		5.12		472,639		6,230		5.25
Nonearning assets	57,636						55,819						56,086						55,416						54,374
Total assets	$	542,233					$	541,825					$	537,069					$	531,630					$	527,013
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking	$	112,313	618		2.18		$	109,244	677		2.46		$	116,193	726		2.51		$	109,208	640		2.37		$	107,075	679		2.52
Money market and savings	138,114		677		1.95		136,515		755		2.19		135,607		751		2.22		136,897		743		2.20		138,242		838		2.41
Time deposits	40,031		338		3.35		45,090		403		3.54		41,997		367		3.50		40,204		353		3.56		36,757		338		3.66
Total interest-bearing deposits	290,458		1,633		2.23		290,849		1,835		2.50		293,797		1,844		2.52		286,309		1,736		2.46		282,074		1,855		2.62
Short-term borrowings	29,128		300		4.08		26,796		299		4.42		26,241		292		4.47		30,332		336		4.49		25,006		303		4.81
Long-term debt	39,138		481		4.91		41,458		523		5.04		34,213		431		5.02		32,418		409		5.05		34,133		431		5.06
Total interest-bearing liabilities	358,724		2,414		2.67		359,103		2,657		2.94		354,251		2,567		2.91		349,059		2,481		2.88		341,213		2,589		3.02
Noninterest-bearing deposits	105,552						105,751						106,686						105,895						107,968
Other liabilities	12,619						11,922						11,897						12,643						13,537
Shareholders’ equity	65,338						65,049						64,235						64,033						64,295
Total liabilities and shareholders’ equity	$	542,233					$	541,825					$	537,069					$	531,630					$	527,013
Average interest-rate spread					2.38						2.24						2.25						2.24						2.23
Net interest income / net interest margin - taxable equivalent			$	3,749	3.07	%			$	3,680	3.01	%			$	3,635	3.02	%			$	3,555	3.01	%			$	3,641	3.07	%
Taxable-equivalent adjustment			49						51						48						48						51
Net interest income			$	3,700					$	3,629					$	3,587					$	3,507					$	3,590
Memo: Total deposits	$	396,010	1,633		1.64	%	$	396,600	1,835		1.84	%	$	400,483	1,844		1.85	%	$	392,204	1,736		1.79	%	$	390,042	1,855		1.89	%

(1)Represents daily average balances. Unrealized gains and losses on available-for-sale securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.

(2)Amounts are on a taxable-equivalent basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends.

(3)Includes cash equivalents, interest-bearing deposits with banks, FHLB stock, and other earning assets.

Average Balances and Rates - Year-To-Date

	Year-to-Date
	December 31, 2025						December 31, 2024
(Dollars in millions)	Average Balances(1)		Income/Expense(2)		Yields/ Rates(2)		Average Balances(1)		Income/Expense(2)		Yields/ Rates(2)
Assets
AFS and HTM securities at amortized cost:
U.S. Treasury	$	13,876	$	708	5.10	%	$	12,100	$	485	4.01	%
U.S. government-sponsored entities (GSE)	465		17		3.78		390		13		3.38
Mortgage-backed securities issued by GSE	105,955		3,036		2.87		109,652		2,958		2.70
States and political subdivisions	362		15		4.21		417		17		4.14
Non-agency mortgage-backed	—		—		—		1,282		37		2.85
Other	15		1		4.55		17		1		5.25
Total securities	120,673		3,777		3.13		123,858		3,511		2.83
Loans and leases:
Commercial:
Commercial and industrial	160,004		9,025		5.64		155,674		9,897		6.36
CRE	20,984		1,300		6.14		21,585		1,480		6.81
Commercial construction	8,403		557		6.76		7,729		583		7.67
Consumer:
Residential mortgage	56,812		2,328		4.10		54,486		2,114		3.88
Home equity	9,606		713		7.42		9,778		776		7.94
Indirect auto	24,510		1,781		7.27		22,326		1,563		7.00
Other consumer	30,904		2,581		8.35		28,748		2,351		8.18
Credit card	4,903		559		11.39		4,907		587		11.96
Total loans and leases held for investment	316,126		18,844		5.96		305,233		19,351		6.34
Loans held for sale	1,483		88		5.94		1,305		82		6.31
Total loans and leases	317,609		18,932		5.96		306,538		19,433		6.34
Interest earning trading assets	5,884		336		5.69		5,320		326		6.12
Other earning assets(3)	37,818		1,693		4.42		36,622		2,008		5.48
Total earning assets	481,984		24,738		5.13		472,338		25,278		5.35
Nonearning assets	56,244						51,185
Assets of discontinued operations	—						2,542
Total assets	$	538,228					$	526,065
Liabilities and Shareholders’ Equity
Interest-bearing deposits:
Interest checking	$	111,741	2,661		2.38		$	104,606	2,802		2.68
Money market and savings	136,786		2,926		2.14		136,217		3,457		2.54
Time deposits	41,839		1,461		3.49		39,406		1,590		4.04
Total interest-bearing deposits	290,366		7,048		2.43		280,229		7,849		2.80
Short-term borrowings	28,117		1,227		4.36		24,499		1,313		5.36
Long-term debt	36,838		1,844		5.01		36,713		1,813		4.94
Total interest-bearing liabilities	355,321		10,119		2.85		341,441		10,975		3.21
Noninterest-bearing deposits	105,969						107,639
Other liabilities	12,270						13,343
Liabilities of discontinued operations	—						1,049
Shareholders’ equity	64,668						62,593
Total liabilities and shareholders’ equity	$	538,228					$	526,065
Average interest-rate spread					2.28						2.14
Net interest income / net interest margin - taxable equivalent			$	14,619	3.03	%			$	14,303	3.03	%
Taxable-equivalent adjustment			196						212
Net interest income			$	14,423					$	14,091
Memo: Total deposits	$	396,335	7,048		1.78	%	$	387,868	7,849		2.02	%

(3)Includes cash equivalents, interest-bearing deposits with banks, FHLB stock, and other earning assets.

Credit Quality

	Dec. 31		Sept. 30		June 30		March 31		Dec. 31
(Dollars in millions)	2025		2025		2025		2025		2024
Nonperforming Assets
Nonaccrual loans and leases:
Commercial:
Commercial and industrial	$	839	$	800	$	520	$	586	$	521
CRE	47		98		128		294		298
Commercial construction	41		42		1		2		3
Consumer:
Residential mortgage	213		196		191		179		166
Home equity	99		103		107		114		116
Indirect auto	267		247		240		248		259
Other consumer	71		66		64		65		66
Total nonaccrual loans and leases held for investment	1,577		1,552		1,251		1,488		1,429
Loans held for sale	—		19		12		77		—
Total nonaccrual loans and leases	1,577		1,571		1,263		1,565		1,429
Foreclosed real estate	3		4		4		4		3
Other foreclosed property	53		54		49		49		45
Total nonperforming assets	$	1,633	$	1,629	$	1,316	$	1,618	$	1,477
Loans 90 Days or More Past Due and Still Accruing
Commercial:
Commercial and industrial	$	3	$	3	$	2	$	5	$	19
CRE	—		—		—		—		1
Consumer:
Residential mortgage - government guaranteed	532		438		424		468		430
Residential mortgage - nonguaranteed	38		41		41		62		51
Home equity	7		6		6		6		9
Indirect auto	—		—		—		—		—
Other consumer	28		27		24		23		23
Credit card	76		69		49		52		54
Total loans 90 days past due and still accruing	$	684	$	584	$	546	$	616	$	587
Loans 30-89 Days Past Due and Still Accruing
Commercial:
Commercial and industrial	$	127	$	73	$	122	$	118	$	168
CRE	25		6		34		12		60
Commercial construction	36		5		15		—		3
Consumer:
Residential mortgage - government guaranteed	329		327		330		284		318
Residential mortgage - nonguaranteed	357		344		365		347		401
Home equity	69		54		54		57		60
Indirect auto	679		620		582		484		622
Other consumer	281		241		239		246		236
Credit card	77		73		70		71		81
Total loans 30-89 days past due and still accruing	$	1,980	$	1,743	$	1,811	$	1,619	$	1,949

	As of/For the Quarter Ended
	Dec. 31		Sept. 30		June 30		March 31		Dec. 31
	2025		2025		2025		2025		2024
Asset Quality Ratios
Loans 30-89 days past due and still accruing as a percentage of loans and leases	0.60	%	0.54	%	0.57	%	0.52	%	0.64	%
Loans 90 days or more past due and still accruing as a percentage of loans and leases	0.21		0.18		0.17		0.20		0.19
Nonperforming loans and leases as a percentage of loans and leases	0.48		0.48		0.39		0.48		0.47
Nonperforming loans and leases as a percentage of loans and leases(1)	0.48		0.48		0.39		0.51		0.46
Nonperforming assets as a percentage of:
Total assets(1)	0.30		0.30		0.24		0.30		0.28
Loans and leases plus foreclosed property	0.50		0.50		0.41		0.50		0.48
Net charge-offs as a percentage of average loans and leases	0.57		0.48		0.51		0.60		0.59
Allowance for loan and lease losses as a percentage of loans and leases	1.53		1.54		1.54		1.58		1.59
Ratio of allowance for loan and lease losses to:
Net charge-offs	2.7X		3.3X		3.1X		2.6X		2.7X
Nonperforming loans and leases	3.2X		3.2X		3.9X		3.3X		3.4X
Asset Quality Ratios (Excluding Government Guaranteed)
Loans 90 days or more past due and still accruing as a percentage of loans and leases	0.05	%	0.05	%	0.04	%	0.05	%	0.05	%
Applicable ratios are annualized.
(1)Includes loans held for sale.
							As of/For the Year-to-Date
							Period Ended Dec. 31
							2025		2024
Asset Quality Ratios
Net charge-offs as a percentage of average loans and leases							0.54	%	0.59	%
Ratio of allowance for loan and lease losses to net charge-offs							3.0X		2.7X
Applicable ratios are annualized.

	As of/For the Quarter Ended										As of/For the Year-to-Date
	Dec. 31		Sept. 30		June 30		March 31		Dec. 31		Period Ended Dec. 31
(Dollars in millions)	2025		2025		2025		2025		2024		2025		2024
Allowance for Credit Losses
Beginning balance	$	5,305	$	5,253	$	5,166	$	5,161	$	5,140	$	5,161	$	5,093
Provision for credit losses	512		436		488		458		471		1,894		1,870
Charge-offs:
Commercial:
Commercial and industrial	(141)		(98)		(120)		(102)		(119)		(461)		(395)
CRE	(14)		(25)		(38)		(70)		(51)		(147)		(316)
Consumer:
Residential mortgage	(3)		(1)		(1)		(1)		(1)		(6)		(3)
Home equity	(2)		(2)		(4)		(2)		(2)		(10)		(9)
Indirect auto	(160)		(150)		(127)		(154)		(158)		(591)		(591)
Other consumer	(178)		(155)		(146)		(154)		(148)		(633)		(606)
Credit card	(67)		(49)		(70)		(74)		(74)		(260)		(296)
Total charge-offs	(565)		(480)		(506)		(557)		(553)		(2,108)		(2,216)
Recoveries:
Commercial:
Commercial and industrial	23		20		31		24		15		98		87
CRE	6		2		3		7		17		18		34
Commercial construction	1		—		1		—		—		2		2
Consumer:
Residential mortgage	1		2		—		2		2		5		6
Home equity	3		5		4		4		3		16		16
Indirect auto	24		25		28		25		24		102		120
Other consumer	28		31		31		30		28		120		110
Credit card	9		10		12		11		11		42		38
Total recoveries	95		95		110		103		100		403		413
Net charge-offs	(470)		(385)		(396)		(454)		(453)		(1,705)		(1,803)
Other	—		1		(5)		1		3		(3)		1
Ending balance	$	5,347	$	5,305	$	5,253	$	5,166	$	5,161	$	5,347	$	5,161
Allowance for Credit Losses:
Allowance for loan and lease losses	$	5,030	$	4,988	$	4,899	$	4,870	$	4,857
Reserve for unfunded lending commitments (RUFC)	317		317		354		296		304
Allowance for credit losses	$	5,347	$	5,305	$	5,253	$	5,166	$	5,161
	Quarter Ended										As of/For the Year-to-Date
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Dec. 31		Sept. 30		June 30		March 31		Dec. 31		Period Ended Dec. 31
	2025		2025		2025		2025		2024		2025		2024
Net Charge-offs as a Percentage of Average Loans and Leases:
Commercial:
Commercial and industrial	0.29	%	0.19	%	0.22	%	0.20	%	0.27	%	0.23	%	0.20	%
CRE	0.14		0.44		0.71		1.29		0.66		0.62		1.31
Commercial construction	(0.04)		(0.03)		(0.02)		(0.02)		(0.02)		(0.03)		(0.03)
Consumer:
Residential mortgage	0.01		—		—		—		(0.01)		—		(0.01)
Home equity	(0.04)		(0.11)		(0.04)		(0.07)		(0.07)		(0.06)		(0.07)
Indirect auto	2.10		1.99		1.63		2.26		2.33		2.00		2.11
Other consumer	1.84		1.55		1.54		1.71		1.63		1.66		1.73
Credit card	4.64		3.13		4.84		5.21		5.10		4.45		5.26
Total loans and leases	0.57		0.48		0.51		0.60		0.59		0.54		0.59
Applicable ratios are annualized.

Segment Financial Performance - Preliminary

	Quarter Ended
	Dec. 31		Sept. 30		June 30		March 31		Dec. 31
(Dollars in millions)	2025		2025		2025		2025		2024
Consumer and Small Business Banking
Net interest income (expense)	$	1,621	$	1,569	$	1,496	$	1,434	$	1,398
Net intersegment interest income (expense)	886		877		857		844		1,089
Segment net interest income (expense)	2,507		2,446		2,353		2,278		2,487
Allocated provision for credit losses	431		400		384		328		347
Noninterest income	521		530		519		503		535
Personnel expense	443		449		434		433		431
Amortization of intangibles	37		39		38		39		45
Other direct noninterest expense	288		280		287		287		323
Direct noninterest expense	768		768		759		759		799
Expense allocations	933		937		941		903		943
Total noninterest expense	1,701		1,705		1,700		1,662		1,742
Income (loss) before income taxes	896		871		788		791		933
Provision (benefit) for income taxes	218		214		192		193		224
Segment net income (loss)	$	678	$	657	$	596	$	598	$	709
Wholesale Banking
Net interest income (expense)	$	2,019	$	2,030	$	1,873	$	1,884	$	1,968
Net intersegment interest income (expense)	(301)		(356)		(204)		(285)		(360)
Segment net interest income (expense)	1,718		1,674		1,669		1,599		1,608
Allocated provision for credit losses	82		36		104		131		123
Noninterest income	1,134		1,142		941		947		1,036
Personnel expense	668		598		573		557		563
Amortization of intangibles	33		33		35		36		39
Other direct noninterest expense	188		200		202		194		207
Direct noninterest expense	889		831		810		787		809
Expense allocations	466		485		519		517		490
Total noninterest expense	1,355		1,316		1,329		1,304		1,299
Income (loss) before income taxes	1,415		1,464		1,177		1,111		1,222
Provision (benefit) for income taxes	297		307		238		223		242
Segment net income (loss)	$	1,118	$	1,157	$	939	$	888	$	980
Other, Treasury & Corporate(1)
Net interest income (expense)	$	60	$	30	$	218	$	189	$	224
Net intersegment interest income (expense)	(585)		(521)		(653)		(559)		(729)
Segment net interest income (expense)	(525)		(491)		(435)		(370)		(505)
Allocated provision for credit losses	(1)		—		—		(1)		1
Noninterest income	(109)		(114)		(60)		(58)		(101)
Personnel expense	707		701		671		614		604
Amortization of intangibles	—		—		—		—		—
Other direct noninterest expense	806		714		746		746		823
Direct Noninterest Expense	1,513		1,415		1,417		1,360		1,427
Expense Allocations	(1,399)		(1,422)		(1,460)		(1,420)		(1,433)
Total noninterest expense	114		(7)		(43)		(60)		(6)
Income (loss) before income taxes	(747)		(598)		(452)		(367)		(601)
Provision (benefit) for income taxes	(305)		(236)		(157)		(142)		(201)
Segment net income (loss)	$	(442)	$	(362)	$	(295)	$	(225)	$	(400)
Total Truist Financial Corporation
Net interest income (expense)	$	3,700	$	3,629	$	3,587	$	3,507	$	3,590
Net intersegment interest income (expense)	—		—		—		—		—
Segment net interest income (expense)	3,700		3,629		3,587		3,507		3,590
Allocated provision for credit losses	512		436		488		458		471
Noninterest income	1,546		1,558		1,400		1,392		1,470
Personnel expense	1,818		1,748		1,678		1,604		1,598
Amortization of intangibles	70		72		73		75		84
Other direct noninterest expense	1,282		1,194		1,235		1,227		1,353
Direct Noninterest Expense	3,170		3,014		2,986		2,906		3,035
Expense Allocations	—		—		—		—		—
Total noninterest expense	3,170		3,014		2,986		2,906		3,035
Income before income taxes	1,564		1,737		1,513		1,535		1,554
Provision for income taxes	210		285		273		274		265
Net Income from continuing operations	$	1,354	$	1,452	$	1,240	$	1,261	$	1,289

(1)Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.

Capital Information - Five Quarter Trend

	As of/For the Quarter Ended
	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
(Dollars in millions, except per share data, shares in thousands)	2025			2025			2025			2025			2024
Selected Capital Information	(preliminary)
Risk-based capital:
Common equity tier 1	$	48,028		$	48,031		$	47,678		$	47,767		$	48,225
Tier 1	52,941			53,935			53,582			53,671			54,128
Total	61,256			62,377			62,119			62,349			62,583
Risk-weighted assets	443,310			438,114			434,609			424,059			418,337
Average quarterly assets for leverage ratio	529,156			529,861			525,567			519,981			515,830
Average quarterly assets for supplementary leverage ratio	635,243			635,076			626,855			619,992			612,764
Risk-based capital ratios:
Common equity tier 1	10.8		%	11.0		%	11.0		%	11.3		%	11.5		%
Tier 1	11.9			12.3			12.3			12.7			12.9
Total	13.8			14.2			14.3			14.7			15.0
Leverage capital ratio	10.0			10.2			10.2			10.3			10.5
Supplementary leverage	8.3			8.5			8.5			8.7			8.8
Common equity per common share	$	47.74		$	46.70		$	45.70		$	44.85		$	43.90

10 -

Selected Mortgage Banking Information & Additional Information

	As of/For the Quarter Ended
	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
(Dollars in millions, except per share data)	2025			2025			2025			2025			2024
Mortgage Banking Income
Residential mortgage income:
Residential mortgage production revenue	$	26		$	22		$	25		$	19		$	25
Residential mortgage servicing income:
Residential mortgage servicing income before MSR valuation	77			74			72			87			83
Net MSRs valuation	1			9			1			(4)			(5)
Total residential mortgage servicing income	78			83			73			83			78
Total residential mortgage income	104			105			98			102			103
Commercial mortgage income:
Commercial mortgage production revenue	12			10			6			2			12
Commercial mortgage servicing income:
Commercial mortgage servicing income before MSR valuation	2			4			3			4			4
Net MSRs valuation	1			(1)			—			—			(2)
Total commercial mortgage servicing income	3			3			3			4			2
Total commercial mortgage income	15			13			9			6			14
Total mortgage banking income	$	119		$	118		$	107		$	108		$	117
Other Mortgage Banking Information
Residential mortgage loan originations	$	4,551		$	4,743		$	5,855		$	3,626		$	4,745
Residential mortgage servicing portfolio:(1)
Loans serviced for others	228,383			221,274			213,002			216,148			218,475
Bank-owned loans serviced	57,583			58,396			57,748			55,120			54,937
Total servicing portfolio	285,966			279,670			270,750			271,268			273,412
Weighted-average coupon rate on mortgage loans serviced for others	3.77		%	3.75		%	3.70		%	3.68		%	3.65		%
Weighted-average servicing fee on mortgage loans serviced for others	0.28			0.28			0.28			0.28			0.28
Additional Information
Brokered deposits(2)	$	29,835		$	28,423		$	30,008		$	27,585		$	28,085
NQDCP income (expense):(3)
Interest income	$	4		$	1		$	—		$	—		$	4
Other income	(1)			17			21			(6)			(2)
Personnel expense	(3)			(18)			(21)			6			(2)
Total NQDCP income (expense)	$	—		$	—		$	—		$	—		$	—
Common stock prices:
High	$	50.86		$	47.46		$	43.25		$	48.53		$	49.06
Low	40.78			41.98			33.56			39.41			41.08
End of period	49.21			45.72			42.99			41.15			43.38
Banking offices	1,927			1,927			1,927			1,928			1,928
ATMs	2,829			2,837			2,847			2,861			2,901
Full-time equivalent teammates(4)	38,062			38,534			37,996			37,529			37,661

(1)Amounts reported are unpaid principal balance.

(2)Amounts represented in interest checking, money market and savings, and time deposits.

(3)Relates to plans where Truist holds assets in proportion to participant elections.

(4)Full-time equivalent teammates represents an average for the quarter.

11 -

Selected Items(1)

	Favorable (Unfavorable)
(Dollars in millions, except per share data)<br>Description	Pre-Tax		After-Tax at Marginal Rate		Impact to Diluted EPS(2)
Selected Items
Fourth Quarter 2025
Legal accrual(3)	$	(130)	$	(99)	$	(0.08)
Restructuring charges(4)	(63)		(48)		(0.04)
Third Quarter 2025
Restructuring charges(4)	$	(27)	$	(21)	$	(0.02)
Second Quarter 2025
Restructuring charges(4)	$	(28)	$	(21)	$	(0.02)
Loss on sale of securities (securities gains (losses))	(18)		(13)		(0.01)
First Quarter 2025
Restructuring charges(4)	$	(38)	$	(29)	$	(0.02)
Fourth Quarter 2024
Restructuring charges(4)	$	(11)	$	(9)	$	(0.01)
FDIC special assessment (regulatory costs)	8		6		—
Third Quarter 2024
Gain on sale of TIH (net income from discontinued operations)	$	36	$	16	$	0.01
Restructuring charges(4)	(25)		(19)		(0.01)
FDIC special assessment (regulatory costs)	16		13		0.01
Second Quarter 2024
Gain on sale of TIH (net income from discontinued operations)	$	6,903	$	4,814	$	3.60
Loss on sale of securities (securities gains (losses))	(6,650)		(5,089)		(3.80)
Charitable contribution (other expense)	(150)		(115)		(0.09)
Restructuring charges(4)	(96)		(73)		(0.05)
FDIC special assessment (regulatory costs)	(13)		(11)		(0.01)
Accelerated recognition of TIH equity compensation expense (net income from discontinued operations)	(10)		(8)		(0.01)
First Quarter 2024
Accelerated recognition of TIH equity compensation expense (net income from discontinued operations)	$	(89)	$	(68)	$	(0.05)
FDIC special assessment (regulatory costs)	(75)		(57)		(0.04)
Restructuring charges(4)	(70)		(53)		(0.04)

(1)Includes certain selected items from the consolidated statements of income. Reconciliations of non-GAAP measures to the most directly comparable GAAP measures are included in the Non-GAAP Reconciliations section of this Quarterly Performance Summary.

(2)Diluted EPS impact for individual items may not foot to difference between GAAP diluted and adjusted EPS due to rounding.

(3)In Bickerstaff v. SunTrust Bank, which is described in Truist’s 10-Q filed on October 30, 2025, a settlement agreement was executed on January 20, 2026. The agreement, which is subject to court approval, provides for payments by Truist of up to $240 million and conditions payments to class members on their submission of valid claims.

(4)Includes severance charges (personnel expense) as well as other charges included in net occupancy, professional fees and outside processing, and other expense.

12 -

Non-GAAP Reconciliations

Efficiency Ratio from Continuing Operations

	Quarter Ended										Year-to-Date
	Dec. 31		Sept. 30		June 30		March 31		Dec. 31		Dec. 31		Dec. 31
(Dollars in millions)	2025		2025		2025		2025		2024		2025		2024
Efficiency ratio numerator - noninterest expense - unadjusted	$	3,170	$	3,014	$	2,986	$	2,906	$	3,035	$	12,076	$	12,009
Restructuring charges	(63)		(27)		(28)		(38)		(11)		(156)		(120)
Charitable contribution	—		—		—		—		—		—		(150)
FDIC special assessment	—		—		—		—		8		—		(64)
Legal accrual	(130)		—		—		—		—		(130)		—
Adjusted noninterest expense including amortization of intangibles	$	2,977	$	2,987	$	2,958	$	2,868	$	3,032	$	11,790	$	11,675
Amortization of intangibles	(70)		(72)		(73)		(75)		(84)		(290)		(345)
Efficiency ratio numerator - adjusted noninterest expense excluding amortization of intangibles(1)	$	2,907	$	2,915	$	2,885	$	2,793	$	2,948	$	11,500	$	11,330
Efficiency ratio denominator - revenue(2) - unadjusted	$	5,246	$	5,187	$	4,987	$	4,899	$	5,060	$	20,319	$	13,278
Taxable equivalent adjustment	49		51		48		48		51		196		212
Securities (gains) losses	—		—		18		1		1		19		6,651
Efficiency ratio denominator - adjusted revenue(1)(2)	$	5,295	$	5,238	$	5,053	$	4,948	$	5,112	$	20,534	$	20,141
Efficiency ratio - unadjusted	60.4		58.1		59.9		59.3		60.0		59.4		90.4
Efficiency ratio - adjusted(1)	54.9		55.7		57.1		56.4		57.7		56.0		56.3

(1)The adjusted efficiency ratio is non-GAAP in that it excludes securities gains and losses, amortization of intangible assets, restructuring charges, and other selected items. Adjusted revenue and adjusted noninterest expense are related measures used to calculate the adjusted efficiency ratio. Taxable equivalent revenue and taxable equivalent net interest income include a taxable equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue and adjusted noninterest income excludes securities gains and losses, and adjusted revenue includes a taxable equivalent adjustment. Adjusted noninterest expense excludes restructuring charges and other selected items. Truist’s management calculated these measures based on Truist’s continuing operations. Truist’s management uses these measures in their analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. These measures are not necessarily comparable to similar measures that may be presented by other companies.

(2)Revenue is defined as net interest income plus noninterest income.

Pre-Provision Net Revenue from Continuing Operations

	Quarter Ended										Year-to-Date
	Dec. 31		Sept. 30		June 30		March 31		Dec. 31		Dec. 31		Dec. 31
(Dollars in millions)	2025		2025		2025		2025		2024		2025		2024
Net income from continuing operations	$	1,354	$	1,452	$	1,240	$	1,261	$	1,289	$	5,307	$	(45)
Provision for credit losses	512		436		488		458		471		1,894		1,870
Provision for income taxes	210		285		273		274		265		1,042		(556)
Taxable-equivalent adjustment	49		51		48		48		51		196		212
Pre-provision net revenue(1)	$	2,125	$	2,224	$	2,049	$	2,041	$	2,076	$	8,439	$	1,481

(1)Pre-provision net revenue is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes. Truist’s management calculated this measure based on Truist’s continuing operations. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods.

Return on Average Tangible Common Shareholders’ Equity

	Quarter Ended															Year-to-Date
	Dec. 31			Sept. 30			June 30			March 31			Dec. 31			Dec. 31			Dec. 31
(Dollars in millions)	2025			2025			2025			2025			2024			2025			2024
Net income available to common shareholders	$	1,289		$	1,348		$	1,180		$	1,157		$	1,216		$	4,974		$	4,469
Amortization of intangibles	70			72			73			75			84			290			345
Applicable income taxes related to the amortization of intangibles	(16)			(18)			(17)			(18)			(20)			(69)			(65)
Tangible net income available to common shareholders(1)	$	1,343		$	1,402		$	1,236		$	1,214		$	1,280		$	5,195		$	4,749
Average common shareholders’ equity	$	59,991		$	59,141		$	58,327		$	58,125		$	57,754		$	58,902		$	55,876
Average intangible assets	(18,456)			(18,528)			(18,590)			(18,669)			(18,746)			(18,560)			(20,636)
Applicable deferred taxes related to intangible assets(2)	409			415			417			422			429			416			550
Average tangible common shareholders’ equity(1)	$	41,944		$	41,028		$	40,154		$	39,878		$	39,437		$	40,758		$	35,790
Return on average common shareholders’ equity	8.5		%	9.0		%	8.1		%	8.1		%	8.4		%	8.4		%	8.0		%
Return on average tangible common shareholders’ equity(1)	12.7			13.6			12.3			12.3			12.9			12.7			13.3

(1)Average tangible common shareholders’ equity is a non-GAAP measure that excludes the impact of intangible assets, net of deferred taxes. This measure is useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses this measure to assess balance sheet risk and shareholder value. This measure is not necessarily comparable to similar measures that may be presented by other companies.

(2)Calculated using the applicable marginal tax rate.

13 -

Tangible Book Value per Common Share

	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
(Dollars in millions, except per share data, shares in thousands)	2025			2025			2025			2025			2024
Calculations of Tangible Common Equity and Related Measures:(1)
Total shareholders’ equity	$	65,189		$	65,646		$	64,840		$	64,635		$	63,679
Preferred stock	(4,916)			(5,907)			(5,907)			(5,907)			(5,907)
Intangible assets	(18,416)			(18,489)			(18,561)			(18,624)			(18,702)
Applicable deferred taxes related to intangible assets(2)	407			413			418			421			428
Tangible common equity	$	42,264		$	41,663		$	40,790		$	40,525		$	39,498
Outstanding shares at end of period	1,262,470			1,279,246			1,289,435			1,309,539			1,315,936
Common equity per common share	$	47.74		$	46.70		$	45.70		$	44.85		$	43.90
Tangible common equity per common share	33.48			32.57			31.63			30.95			30.01
Total assets	$	547,538		$	543,851		$	543,833		$	535,899		$	531,176
Intangible assets	(18,416)			(18,489)			(18,561)			(18,624)			(18,702)
Applicable deferred taxes related to intangible assets(2)	407			$	413		$	418		$	421		$	428
Tangible assets	$	529,529		$	525,775		$	525,690		$	517,696		$	512,902
Equity as a percentage of total assets	11.9		%	12.1		%	11.9		%	12.1		%	12.0		%
Tangible common equity as a percentage of tangible assets	8.0			7.9			7.8			7.8			7.7

(1)Tangible common equity is a non-GAAP measure that excludes preferred stock and intangible assets, net of deferred taxes. This measure is useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses this measure to assess balance sheet risk and shareholder value. These measures are not necessarily comparable to similar measures that may be presented by other companies.

(2)Calculated using the applicable marginal tax rate.

14 -

ex993-earningsdeck4q25

Fourth Quarter 2024 Earnings Conference Call Bill Rogers – Chairman & CEO Mike Maguire – CFO January 21, 2026 Fourth Quarter 2025 Earnings Conference Call Bill Rog rs - Chairman & CEO Mike Maguire - CFO January 21, 2026

2 From time to time we have made, and in the future will make, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “pursue,” “seek,” “continue,” “estimate,” “project,” “outlook,” “forecast,” “potential,” “target,” “objective,” “trend,” “plan,” “goal,” “initiative,” “priorities,” or other words of comparable meaning or future-tense or conditional verbs such as “may,” “will,” “should,” “would,” or “could.” Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, or results. In particular, forward-looking statements include statements we make about: (i) Truist’s ability to accelerate growth and improve profitability in 2026, (ii) Truist’s ability to meet its top business and profitability objectives, including objectives for its Consumer & Small Business Banking and Wholesale Banking segments, (iii) guidance with respect to financial performance metrics in future periods, including future levels of net interest income, taxable equivalent revenue, noninterest expense, and net charge-off ratio, (iv) Truist’s effective tax rate in future periods, (v) projections of common stock repurchases and preferred stock dividends, (vi) Truist’s goal of achieving a 15% ROTCE in 2027, and (vii) the expected amount of runoff of investment securities and fixed rate loans in 2026 and the run-on rate for new fixed rate loans. This presentation, including any information incorporated by reference in this presentation, contains forward-looking statements. We also may make forward-looking statements in other documents that are filed or furnished with the SEC. In addition, we may make forward-looking statements orally or in writing to investors, analysts, members of the media, and others. All forward- looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, and results may differ materially from those set forth in any forward-looking statement. While no list of assumptions, risks, and uncertainties could be complete, some of the factors that may cause actual results or other future events or circumstances to differ from those in forward-looking statements include: • evolving political, geopolitical, business, social, economic, and market conditions at local, regional, national, and international levels; • monetary, fiscal, and trade laws or policies, including tariffs or changes in interest rates; • the legal, regulatory, and supervisory environment, including changes in financial-services legislation, regulation, policies, or government officials or other personnel; • our ability to address heightened scrutiny and expectations from supervisory or other governmental authorities and to timely and credibly remediate related concerns or deficiencies; • judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings that create uncertainty for or are adverse to us or the financial-services industry; • the outcomes of judicial, regulatory, and administrative inquiries, examinations, investigations, proceedings, disputes, or rulings to which we are or may be subject (either directly or indirectly through our ownership interests in other entities) and our ability to absorb and address any damages or other remedies that are sought or awarded and any collateral consequences; • evolving accounting standards and policies; • the adequacy of our corporate governance, risk-management framework, compliance programs, and internal controls over financial reporting, including our ability to control lapses or deficiencies in financial reporting, to make appropriate estimates, or to effectively mitigate or manage operational risk; • any instability or breakdown in the financial system, including as a result of the actual or perceived soundness of another financial institution or another participant in the financial system; • disruptions and shifts in investor sentiment or behavior in the securities, capital, or other financial markets, including financial or systemic shocks and volatility or changes in market liquidity, interest or currency rates, or valuations; • our ability to cost-effectively fund our businesses and operations, including by accessing long- and short-term funding and liquidity and by retaining and growing client deposits; • changes in any of our credit ratings; • our ability to manage any unexpected outflows of uninsured deposits and avoid selling investment securities or other assets at an unfavorable time or at a loss; • negative market perceptions of our investment portfolio or its value; • adverse publicity or other reputational harm to us, our service providers, or our senior officers; • business and consumer sentiment, preferences, or behavior, including spending, borrowing, or saving by businesses or households; • our ability to execute on strategic and operational plans, including accelerating growth, improving profitability, investing in talent, technology, and risk infrastructure, maintaining expense, credit, and risk discipline, and returning capital to shareholders; • changes in our corporate and business strategies, the composition of our assets, or the way in which we fund those assets; • our ability to successfully make and integrate acquisitions and to effect divestitures; • our ability to develop, maintain, and market our products or services or to absorb unanticipated costs or liabilities associated with those products or services; • our ability to innovate, to anticipate the needs of current or future clients, to successfully compete, to increase or hold market share in changing competitive environments, or to deal with pricing or other competitive pressures; • our ability to maintain secure and functional financial, accounting, technology, data processing, or other operating systems or infrastructure, including those that safeguard personal and other sensitive information; • our ability to appropriately underwrite loans that we originate or purchase and to otherwise manage credit risk; • our ability to satisfactorily and profitably perform loan servicing and similar obligations; • the credit, liquidity, or other financial condition of our clients, counterparties, service providers, or competitors; • our ability to effectively deal with economic, business, or market slowdowns or disruptions; • the efficacy of our methods or models in assessing business strategies or opportunities or in valuing, measuring, estimating, monitoring, or managing positions or risk; • our ability to keep pace with changes in technology that affect us or our clients, counterparties, service providers, or competitors or to maintain rights or interests in associated intellectual property; • our ability to attract, hire, and retain key teammates and to engage in adequate succession planning; • the performance and availability of third-party service providers on whom we rely in delivering products and services to our clients and otherwise in conducting our business and operations; • our ability to detect, prevent, mitigate, and otherwise manage the risk of fraud or misconduct by internal or external parties; • our ability to manage and mitigate physical-security and cybersecurity risks, including denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, environmental conditions, and intentional acts of destruction; • natural or other disasters, calamities, and conflicts, including terrorist events, cyber-warfare, and pandemics; • widespread outages of operational, communication, and other systems; • our ability to maintain appropriate corporate responsibility practices, oversight, and disclosures; • policies and other actions of governments to manage and mitigate climate and related environmental risks, and the effects of climate change or the transition to a lower-carbon economy on our business, operations, and reputation; and • other assumptions, risks, or uncertainties described in the Risk Factors (Item 1A), Management’s Discussion and Analysis of Financial Condition and Results of Operations (Item 7), or the Notes to the Consolidated Financial Statements (Item 8) in our Annual Report on Form 10-K or described in any of the Company’s subsequent quarterly or current reports. Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, or Current Report on Form 8-K. Forward-looking statements

3 Non-GAAP financial information This presentation contains financial information and performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Truist’s management uses these “non-GAAP” measures in their analysis of Truist’s performance and the efficiency of its operations. Management believes these non-GAAP measures are useful to investors because they provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant items in the current period. Truist believes a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Below is a listing of the types of non-GAAP measures used in this presentation: Adjusted efficiency ratio, adjusted fee income, and related measures - The adjusted efficiency ratio is non-GAAP in that it excludes securities gains and losses, amortization of intangible assets, restructuring charges, and other selected items. Adjusted revenue and adjusted noninterest expense are related measures used to calculate the adjusted efficiency ratio. Taxable equivalent revenue and taxable equivalent net interest income include a taxable equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue and adjusted noninterest income excludes securities gains and losses, and adjusted revenue includes a taxable equivalent adjustment. Adjusted noninterest expense excludes restructuring charges and other selected items. Truist’s management calculated these measures based on Truist’s continuing operations. Truist’s management uses these measures in their analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. Pre-provision net revenue (PPNR) - Pre-provision net revenue is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes. Truist’s management calculated this measure based on Truist’s continuing operations. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods. Tangible common equity and related measures - Tangible common equity and related measures, including ROTCE, are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes, and their related amortization. Further, the adjusted return on average tangible common shareholders’ equity is non-GAAP in that it excludes selected items. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess profitability, returns relative to balance sheet risk, and shareholder value. Adjusted operating leverage - Adjusted operating leverage is non-GAAP in that it excludes securities gains and losses, restructuring charges, and other selected items. Truist’s management uses this measure in their analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges. CET1, including AOCI adjustments - CET1, including AOCI adjustments is a non-GAAP regulatory capital measure that adjusts for the impact of accumulated other comprehensive income related to securities and pension, as well as related changes to deferred tax. This measure is useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses this measure to assess balance sheet risk and demonstrate the impact of proposed updates to the regulatory capital framework. Truist does not provide reconciliations for forward-looking non-GAAP financial measures because it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of Truist’s control, or cannot be reasonably predicted. For the same reasons, Truist is unable to address the probable significance of the unavailable information. A copy of this presentation is available on the Truist Investor Relations website, ir.truist.com.

4 Purpose Inspire and build better lives and communities Mission Clients Provide distinctive, secure, and successful client experiences through touch and technology. Teammates Create an inclusive and energizing environment that empowers teammates to learn, grow, and have meaningful careers. Stakeholders Optimize long-term value for stakeholders through safe, sound, and ethical practices. Values Trustworthy We serve with integrity. Caring Everyone and every moment matters. One Team Together, we can accomplish anything. Success When our clients win, we all win. Happiness Positive energy changes lives.

5 2025 key takeaways 2025 by the numbers $5.0 billion Net income available to common shareholders $3.82 Diluted EPS(1) +3.6% vs. 2024 Average loan growth 0.54% NCOs – Generated broad-based wholesale and consumer loan growth – Delivered positive operating leverage – Invested in products, talent, technology, and risk infrastructure – Maintained strong credit results and risk discipline – Significantly increased capital return to shareholders Executed against top strategic priorities in 2025 (1) 2025 diluted EPS of $3.82 includes after-tax charges primarily related to severance of $0.09 per share, an incremental accrual related to executing a settlement agreement in a specific legal matter of $0.08 per share, and investment securities losses of $0.01 per share $5.2 billion Capital returned to shareholders Strong 2025 results provide a foundation for accelerated growth and profitability improvement in 2026

6 $126 $132 2024 2025 35% 42% 2024 2025 39% 45% 4Q24 4Q25 $210 $214 4Q24 4Q25 Consumer and Small Business Banking highlights Top business growth initiatives Increase client acquisition Grow deposits with a focus on Premier Drive digital acquisition / engagement Deepen client relationships Average consumer deposits ($ in billions) Average consumer loans ($ in billions) Digital share of new-to-bank clients Digital transaction volume (in millions) 20%+ Increase in Premier deposit production YoY 72K Net new checking account growth in 2025 $211 $213 2024 2025 $127 $135 4Q24 4Q25 323 349 2024 2025 85 90 4Q24 4Q25 600 bps 6%6% 2% 5% 700 bps 8% 81% Consumer primacy in 2025 1%

7 Wholesale Banking highlights Top business growth initiatives Continue momentum in IB and Capital Markets Capture more of the market with an industry banking strategy Deepen with Wholesale Payments Generate additional wealth fee income from existing clients +700bps Increase in payments penetration of Wholesale clients in 2025(3) ~2x Growth in new client acquisition within Commercial and Corporate Banking YoY 29% of new wealth clients generated from CSBB(4) (1) Excludes the impact of the divestiture of Sterling Capital Management on July 2, 2025 (2) Wholesale payments fees include merchant services, commercial card, and treasury management fees (3) Excludes Wealth clients (4) YTD through Nov. 2025 $1,203 $1,136 2024 2025 $1,371 $1,431 2024 2025 $345 $365 4Q24 4Q25 $176 $190 4Q24 4Q25 $179 $184 2024 2025 $262 $335 4Q24 4Q25 $435 $468 2024 2025 $111 $112 4Q24 4Q25 6% 1%28% 8% 4% 8% 3% (6%) Average wholesale loans ($ in billions) Investment banking & trading income ($ in millions) Wealth management income(1) ($ in millions) Wholesale payments fees(2) ($ in millions)

8 Note: All data points are taxable-equivalent, where applicable Non-GAAP and adjusted metrics exclude selected items. See appendix for non-GAAP reconciliations. CET1 ratio including AOCI includes the impact of AOCI related to securities and pension, as well as related changes to deferred tax Current quarter regulatory capital information is preliminary (1) In Bickerstaff v. SunTrust Bank, which is described in Truist’s 10-Q filed on October 30, 2025, a settlement agreement was executed on January 20, 2026. The agreement, which is subject to court approval, provides for payments by Truist of up to $240 million and conditions payments to class members on their submission of valid claims. $ in millions, except per share data GAAP / Unadjusted 4Q25 3Q25 4Q24 2025 2024 Revenue $5,295 $5,238 $5,111 $20,515 $13,490 Expense $3,170 $3,014 $3,035 $12,076 $12,009 PPNR $2,125 $2,224 $2,076 $8,439 $1,481 Net income available to common shareholders $1,289 $1,348 $1,216 $4,974 $4,469 Diluted EPS $1.00 $1.04 $0.91 $3.82 $3.36 Net interest margin 3.07% 3.01% 3.07% 3.03% 3.03% ROTCE 12.7% 13.6% 12.9% 12.7% 13.3% Efficiency ratio 60.4% 58.1% 60.0% 59.4% 90.4% NCO ratio 0.57% 0.48% 0.59% 0.54% 0.59% CET1 ratio 10.8% 11.0% 11.5% 10.8% 11.5% Change vs. Change vs. Adjusted 4Q25 3Q25 4Q24 2025 2024 Revenue $5,295 1.1% 3.6% $20,534 2.0% Expense $2,977 (0.3)% (1.8)% $11,790 1.0% ROTCE 13.6% 0 bps 70 bps 13.0% (160) bps Efficiency ratio 54.9% (80) bps (280) bps 56.0% (30) bps CET1 ratio (including AOCI) 9.5% 10 bps (20) bps 9.5% (20) bps Performance highlights – CET1 ratio was 10.8%; repurchased $750 million of common stock in 4Q25 – Noninterest expense increased 5.2% vs. 3Q25 primarily driven by the incremental legal accrual and severance – Noninterest expense, excluding the legal accrual and severance, decreased 0.3% vs. 3Q25 – Revenue increased 1.1% vs. 3Q25 primarily driven by higher net interest income and relatively stable noninterest income Capital Noninterest expense – 4Q25 net income of $1.3 billion, or $1.00 per diluted share includes: – $130 million ($99 million after-tax) or $0.08 per share of an incremental accrual related to executing a settlement agreement in a specific legal matter(1) – $63 million ($48 million after-tax) or $0.04 per share of charges primarily related to severance Earnings Revenue – Asset quality metrics continue to reflect credit discipline Asset quality

9 May not foot due to rounding Portfolio assignment based off loan purpose 5-quarter trend ($ in billions) Loan portfolio composition $325B Average loans 50% Commercial and industrial 7% CRE 2% Commercial construction 18% Residential mortgage 3% Home equity 8% Indirect auto 10% Other consumer 2% Credit card Average loans and leases HFI Average loans were up 1.3% vs. 3Q25 reflecting continued broad-based growth in wholesale and consumer $303 $307 $313 $321 $325 $182 $184 $187 $192 $195 $121 $123 $126 $129 $130 6.12% 5.97% 6.01% 6.00% 5.87% Commercial LHFI Consumer and card LHFI Loans HFI yield 4Q24 1Q25 2Q25 3Q25 4Q25 0

10 43% 37% 38% 45% 30% 24% 24% 30% Interest-bearing deposit beta Total deposit beta 1Q25 2Q25 3Q25 4Q25 Average deposits $390 $392 $400 $397 $282 $286 $294 $291 $290 $108 $106 $107 $106 $106 1.89% 1.79% 1.85% 1.84% 1.64% Interest-bearing deposits Noninterest-bearing deposits Total deposit cost (%) 4Q24 1Q25 2Q25 3Q25 4Q25 May not foot due to rounding (1) Cumulative beta calculations are based on change in average total deposit or interest-bearing deposit cost divided by the change in average Fed Funds rate from 2Q24 Commentary Cumulative deposit beta trend(1) (Down rate) 5-quarter trend ($ in billions) $396 Average deposits were stable and average cost of deposits improved vs. 3Q25 – Average deposits remained stable vs. 3Q25 as a decline in non-client deposits was offset with growth in client deposits – End-of-period deposits increased 1.4% vs. 3Q25 driven by client deposits and seasonally higher public funds deposits – Total deposit costs improved 20 bps vs. 3Q25 – Interest-bearing deposit beta improved from 38% in 3Q25 to 45% in 4Q25 – Total deposit beta improved from 24% in 3Q25 to 30% in 4Q25

11 Active receive-fixed $3,641 $3,555 $3,635 $3,680 $3,749 3.07% 3.01% 3.02% 3.01% 3.07% Net interest income TE Net interest margin 4Q24 1Q25 2Q25 3Q25 4Q25 Fwd. starting receive-fixed Pay-fixed < 3yrs. – At 12/31, notional receive-fixed and pay- fixed swaps totaled $124 billion and $27 billion, respectively, compared with $105 billion and $28 billion at 9/30 – Added forward starting receive-fixed swaps during the quarter as part of our overall strategy to maintain a relatively neutral position to changes in interest rates Net interest income and net interest margin Fixed rate asset repricing and NII outlook ($ in billions) Swap portfolio overview ($ in billions) (1) Net interest income includes a taxable-equivalent adjustment, which is a non-GAAP measure; see Truist’s Fourth Quarter 2025 Quarterly Performance Summary for the reconciliation to GAAP net interest income (2) Run-on rate for new fixed rate loans is ~6.90% (3) Investment securities yield excluding the impact of swaps (4) Runoff reflects contractual maturities and expected prepayments of investment securities and fixed rate loans that will be reinvested at higher run-on interest rates based on the current forward curve 12/31/25 Pay-fixed > 3yrs. 5-quarter net interest income and net interest margin trend ($ in millions) (1) $50 $74 Total wtd. avg. rate = 3.38% ($14)Total wtd. avg. rate = 3.52% ($13) $137 Fixed rate loans Securities Average yield $15 $42 2.88%(3) 3.76%(3) 6.43%(2) 2026 runoff(4) ~ 4Q25 avg. balances $137 5.67% $118 – Net interest income expected to increase 3% to 4% in 2026 vs. 2025 driven by: – 3% to 4% average loan growth – two 25 bps reductions in the Fed Funds rate – fixed rate asset repricing Net interest income increased 1.9% vs. 3Q25 due primarily to client loan and deposit growth and fixed rate asset repricing

12 Noninterest income Noninterest income details ($ in millions) (1) All other noninterest income includes mortgage banking income, lending-related fees, securities gains (loss), and other income (2) Adjusted noninterest income excludes selected items. See non-GAAP reconciliation in the attached appendix. 2024 GAAP noninterest income includes a $6.7B securities loss due to a balance sheet repositioning in 2Q24 Vs. linked quarter Vs. like quarter ($5,212) – Noninterest income increased 5.2%, primarily driven by strong performance in investment banking & trading and wealth management income – Noninterest income declined 0.8%, due to modest declines in several categories partially offset by higher investment banking & trading income Vs. full year – 2024 GAAP noninterest income impacted by a $6.7 billion securities loss related to the 2Q24 balance sheet repositioning – Adjusted noninterest income increased 1.3%, primarily driven by higher card and treasury management fees, lending-related fees, wealth management income, and mortgage banking income Categories 4Q25 vs. 3Q25 vs. 4Q24 2025 vs. 2024 Wealth management income $365 (2.4)% 5.8% $1,431 1.3% Card and treasury management fees $336 (1.2)% 0.6% $1,360 3.7% Investment banking and trading income $335 3.7% 27.9% $1,136 (5.6)% Other deposit revenue $121 (3.2)% (9.7)% $471 (7.8)% All other noninterest income(1) $389 (1.8)% (1.5)% $1,498 NM Total noninterest income $1,546 (0.8)% 5.2% $5,896 NM Adjusted noninterest income(2) $1,546 (0.8)% 5.1% $5,915 1.3% * See noninterest income reclassification on page 2 of the 4Q25 Quarterly Performance Summary

13 – Noninterest expense increased 4.4%, primarily driven by: – higher personnel expense due to hiring, increased incentives, and severance – higher other expense related to the incremental legal accrual – partially offset by lower professional fees and outside processing and lower regulatory costs Noninterest expense Noninterest expense details ($ in millions) (1) All other noninterest expense includes amortization of intangibles, marketing and customer development, regulatory costs, and other expense (2) Adjusted noninterest expense excludes selected items. See non-GAAP reconciliation in the attached appendix. Vs. linked quarter Vs. like quarter ($5,212) – Noninterest expense increased 5.2%, primarily driven by: – higher other expense due to an incremental legal accrual – higher personnel expense primarily due to higher incentives and severance – partially offset by lower regulatory costs due to a special FDIC assessment credit Vs. full year – Noninterest expense increased 0.6%, primarily driven by: – higher personnel expense and professional fees and outside processing – partially offset by lower regulatory costs Categories 4Q25 vs. 3Q25 vs. 4Q24 2025 vs. 2024 Personnel expense $1,818 4.0% 13.8% $6,848 4.0% Professional fees and outside processing $337 (2.6)% (18.8)% $1,420 5.8% Software expense $242 3.9% 4.3% $936 4.5% Net occupancy expense $176 (4.9)% (6.4)% $710 2.2% Equipment expense $90 —% (19.6)% $351 (5.9)% All other noninterest expense(1) $507 23.1% 3.5% $1,811 (14.4)% Total noninterest expense $3,170 5.2% 4.4% $12,076 0.6% Adjusted noninterest expense(2) $2,977 (0.3)% (1.8)% $11,790 1.0% * See noninterest expense reclassification on page 2 of the 4Q25 Quarterly Performance Summary 0.0%

14 0.47% 0.48% 0.39% 0.48% 0.48% 4Q24 1Q25 2Q25 3Q25 4Q25 $471 $436 $512 4Q24 3Q25 4Q25 $453 $385 $470 0.59% 0.48% 0.57% 4Q24 3Q25 4Q25 Asset quality NCO and NCO ratio ($ in millions) Nonperforming loans / LHFI ALLL Provision for credit losses ($ in millions) $4,857 $4,870 $4,899 $4,988 $5,030 ALLL ALLL ratio ALLL / NCO 4Q24 1Q25 2Q25 3Q25 4Q25 2.7x 1.59% 2.6x 1.58% 3.1x 1.54% 3.3x ($ in millions) 1.54% 2.7x 1.53% $1,803 $1,705 0.59% 0.54% 2024 2025 Asset quality metrics reflect strong credit discipline $1,870 $1,894 2024 2025

15 13.9% 1Q26 and 2026 outlook All data points are taxable-equivalent, where applicable (1) Noninterest expense excluding the impact of the 4Q25 incremental legal accrual of $130 million would be flat to down 1% (2) Noninterest expense excluding the impact of the 4Q25 incremental legal accrual of $130 million would be up 2.35% to 3.35% 4Q25 actuals 1Q26 outlook Revenue (TE): $5.3 billion Down 2 to 3% Noninterest expense: $3.2 billion Down 4 to 5%(1) Share repurchases: $750 million ~$1 billion Full year 2025 actuals Full year 2026 outlook Revenue (TE): $20.5 billion Up 4% to 5% Noninterest expense: $12.1 billion Up 1.25% to 2.25%(2) Net charge-off ratio: 54 bps ~55 bps Tax rate: 16.4% effective; 18.9% FTE ~16.5% effective; ~18.5% FTE Share repurchases: $2.5 billion ~$4 billion

16 A clear path to achieving our ROTCE target Delivering on our top business and profitability objectives is essential to achieve our 15% ROTCE target Key drivers to our ROTCE target Consumer & Small Business Banking Wholesale Banking 15% ROTCE by 2027 Execute top business growth and profitability initiatives Drive positive operating leverage Fixed rate asset repricing Increase buybacks Grow deposits with a focus on Premier Increase client acquisition Deepen client relationships Drive digital acquisition / engagement Capture more of the market with an industry banking strategy Continue momentum in IB and Capital Markets Generate additional wealth fee income from existing clients Deepen with Wholesale Payments Top business growth and profitability initiatives

Appendix

A-1 – Net income of $678 million, compared to $657 million in the prior quarter – Net interest income of $2.5 billion increased by $61 million, or 2.5%, primarily driven by rate management and higher funding credits on deposits, partially offset by lower loan spreads – Average loans of $135 billion increased 0.5% primarily driven by higher indirect lending due to carry forward of strong 3Q production – Average deposits of $214 billion seasonally decreased 0.2% primarily driven by checking and time, partially offset by money market & savings – Provision for credit losses increased $31 million, or 7.8%, driven by an increase in net charge-offs and a decrease in net reserve build compared to the prior quarter – Noninterest income of $521 million decreased $9 million, or 1.7%, primarily driven by consumer deposit-related revenue and other income – Noninterest expense of $1.7 billion decreased $4 million, or 0.2%,primarily driven by personnel and marketing expense – Debit and credit card sales volume increased 2.2% due to seasonally higher holiday spend – Digital transactions surpassed 90 million resulting in full year growth of 8% compared to 2024, accounting for 69% of total transaction volumes Consumer and Small Business Banking (1) Excludes loans held for sale (2) Digital sales defined as products opened through digital applications (3) Digital transactions include transfers, Zelle, bill payments, mobile deposits, ACH, and wire transfers Commentary reflects linked quarter comparisons Metrics Commentary Income statement ($ MM) 4Q25 vs. 3Q25 vs. 4Q24 Net interest income $2,507 $61 $20 Allocated provision for credit losses 431 31 84 Noninterest income 521 (9) (14) Noninterest expense 1,701 (4) (41) Segment net income $678 $21 $(31) Balance sheet ($ B) Average loans(1) $135 $0.6 $8.1 Average deposits 214 (0.4) 3.6 Other key metrics Net new checking accounts (k) (24) (44) (19) Digital sales as a % of total(2) 37% 450 bps 580 bps Digital transactions as a % of total(3) 69% 0 bps 200 bps Debit/credit card spend ($ B) $31 $0.7 $0.9 Represents Branch Banking, Digital Banking, Premier Banking, Small Business Banking, and National Consumer Lending

A-2 Wholesale Banking (1) Excludes loans held for sale Commentary reflects linked quarter comparisons unless otherwise noted – Net income of $1.1 billion, compared to $1.2 billion in the prior quarter – Net interest income of $1.7 billion increased $44 million, or 2.6% – Average loans of $190 billion increased $3.6 billion, or 2.0%, primarily related to growth in C&I and CRE balances – Average deposits of $148 billion increased $4.6 billion, or 3.2%, due to seasonal balance inflows and increased client deposits – Provision for credit losses of $82 million increased $46 million, or 128%, which reflects an increase in net charge-offs and decrease to the net reserve release, compared to the prior quarter – Noninterest income of $1.1 billion decreased $8 million, or 0.7%, primarily driven by lower wealth management income, card and treasury management fees and project- based other income items, partially offset by higher investment banking income – Noninterest expense of $1.4 billion increased $39 million, or 3.0%, driven by higher personnel-related expenses – Total client assets decreased $14.3 billion, or 3.9%, primarily driven by a divestiture, partially offset by market driven increases in equities, as well as positive net asset flows Metrics Commentary Income statement ($ MM) 4Q25 vs. 3Q25 vs. 4Q24 Net interest income $1,718 $44 $110 Allocated provision for credit losses 82 46 (41) Noninterest income 1,134 (8) 98 Noninterest expense 1,355 39 56 Segment net income $1,118 $(39) $138 Balance sheet ($ B) Average loans(1) $190 $3.6 $13.6 Average deposits 148 4.6 1.2 Other key metrics ($ B) Total client assets $350 $(14.3) $8.0 Represents Commercial & Corporate Banking, Investment Banking & Capital Markets, CRE, Wholesale Payments, and Wealth

A-3 Preferred dividend 1Q26 2Q26 3Q26 4Q26 Estimated dividends based on projected interest rates, redemptions, and issuances ($ in millions) $104 $46 $112 $43 Estimates assume forward-looking interest rates as of 12/31/25. Actual interest rates , redemptions, or issuances could vary significantly causing dividend payments to differ from the estimates shown above.

A-4 Non-GAAP reconciliations Calculations of common equity tier 1 capital ratios $ in millions (1) CET1, including AOCI adjustments is a non-GAAP regulatory capital measure that adjusts for the impact of accumulated other comprehensive income related to securities and pension, as well as related changes to deferred tax. This measure is useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses this measure to assess balance sheet risk and demonstrate the impact of proposed updates to the regulatory capital framework. Quarter Ended Dec. 31 Sept. 30 Dec. 31 2025 2025 2024 Risk-based capital: (preliminary) Common equity tier 1 $ 48,028 $ 48,031 $ 48,225 Accumulated Other Comprehensive Income (AOCI) related adjustments (5,597) (6,246) (7,346) Common equity tier 1, including AOCI adjustments $ 42,431 $ 41,785 $ 40,879 Risk-weighted assets: Common equity tier 1 $ 443,310 $ 438,114 $ 418,337 AOCI related adjustments 4,553 4,058 4,441 Common equity tier 1, including AOCI adjustments $ 447,863 $ 442,172 $ 422,778 Risk-based capital ratios: CET1 10.8 % 11.0 % 11.5 % CET1, including AOCI adjustments(1) 9.5 9.4 9.7

A-5 Non-GAAP reconciliations Efficiency ratio from continuing operations $ in millions (1) The adjusted efficiency ratio is non-GAAP in that it excludes securities gains and losses, amortization of intangible assets, restructuring charges, and other selected items. Adjusted revenue and adjusted noninterest expense are related measures used to calculate the adjusted efficiency ratio. Taxable equivalent revenue and taxable equivalent net interest income include a taxable equivalent adjustment utilizing the federal income tax rate of 21% for certain tax-exempt instruments. Adjusted revenue and adjusted noninterest income excludes securities gains and losses, and adjusted revenue includes a taxable equivalent adjustment. Adjusted noninterest expense excludes restructuring charges and other selected items. Truist’s management calculated these measures based on Truist’s continuing operations. Truist’s management uses these measures in their analysis of Truist’s performance. Truist’s management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of significant gains and charges. (2) Revenue is defined as net interest income plus noninterest income. Quarter Ended Year-to-Date Dec. 31 Sept. 30 June 30 March 31 Dec. 31 Dec. 31 Dec. 31 2025 2025 2025 2025 2024 2025 2024 Efficiency ratio numerator - noninterest expense - unadjusted $ 3,170 $ 3,014 $ 2,986 $ 2,906 $ 3,035 $ 12,076 $ 12,009 Restructuring charges (63) (27) (28) (38) (11) (156) (120) Charitable contribution — — — — — — (150) FDIC special assessment — — — — 8 — (64) Legal accrual (130) — — — — (130) — Adjusted noninterest expense including amortization of intangibles 2,977 2,987 2,958 2,868 3,032 11,790 11,675 Amortization of intangibles (70) (72) (73) (75) (84) (290) (345) Efficiency ratio numerator - adjusted noninterest expense excluding amortization of intangibles(1) $ 2,907 $ 2,915 $ 2,885 $ 2,793 $ 2,948 $ 11,500 $ 11,330 Noninterest income - unadjusted $ 1,546 $ 1,558 $ 1,400 $ 1,392 $ 1,470 $ 5,896 $ (813) Securities (gains) losses — — 18 1 1 19 6,651 Adjusted noninterest income(1) $ 1,546 $ 1,558 $ 1,418 $ 1,393 $ 1,471 $ 5,915 $ 5,838 Efficiency ratio denominator - revenue(2) - unadjusted $ 5,246 $ 5,187 $ 4,987 $ 4,899 $ 5,060 $ 20,319 $ 13,278 Taxable equivalent adjustment 49 51 48 48 51 196 212 Revenue - taxable equivalent(1)(2) 5,295 5,238 5,035 4,947 5,111 20,515 13,490 Securities (gains) losses — — 18 1 1 19 6,651 Efficiency ratio denominator - adjusted revenue(1)(2) $ 5,295 $ 5,238 $ 5,053 $ 4,948 $ 5,112 $ 20,534 $ 20,141 Efficiency ratio - unadjusted 60.4 % 58.1 % 59.9 % 59.3 % 60.0 % 59.4 % 90.4 % Efficiency ratio - adjusted(1) 54.9 55.7 57.1 56.4 57.7 56.0 56.3

A-6 Non-GAAP Reconciliations Operating leverage from continuing operations(1) $ in millions Year-to-Date Dec. 31 Dec. 31 Dec. 31 2025 2024 2023 Revenue(2) - GAAP $ 20,319 $ 13,278 $ 20,022 Taxable equivalent adjustment 196 212 220 Securities (gains) losses 19 6,651 — Revenue(2) - adjusted $ 20,534 $ 20,141 $ 20,242 Noninterest expense - GAAP $ 12,076 $ 12,009 $ 18,678 Restructuring charges (156) (120) (320) Gain (loss) on early extinguishment of debt — — (4) Goodwill impairment — — (6,078) Charitable contribution — (150) — FDIC special assessment — (64) (507) Legal accrual (130) — — Noninterest expense - adjusted $ 11,790 $ 11,675 $ 11,769 Operating leverage - GAAP 52.5 % 2.0 % Operating leverage - adjusted(3) 1.0 0.3 (1) Operating leverage is defined as percentage growth in revenue less percentage growth in noninterest expense. (2) Revenue is defined as net interest income plus noninterest income. (3) Adjusted operating leverage is non-GAAP in that it excludes securities gains and losses, restructuring charges, and other selected items. Truist’s management uses this measure in their analysis of Truist’s performance. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges. This measure is not necessarily comparable to similar measures that may be presented by other companies.

A-7 Non-GAAP reconciliations Pre-provision net revenue from continuing operations $ in millions (1) Pre-provision net revenue is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the provision for credit losses and provision for income taxes. Truist’s management calculated this measure based on Truist’s continuing operations. Truist’s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods. Quarter Ended Year-to-Date Dec. 31 Sept. 30 June 30 March 31 Dec. 31 Dec. 31 Dec. 31 2025 2025 2025 2025 2024 2025 2024 Net income from continuing operations $ 1,354 $ 1,452 $ 1,240 $ 1,261 $ 1,289 $ 5,307 $ (45) Provision for credit losses 512 436 488 458 471 1,894 1,870 Provision for income taxes 210 285 273 274 265 1,042 (556) Taxable-equivalent adjustment 49 51 48 48 51 196 212 Pre-provision net revenue(1) $ 2,125 $ 2,224 $ 2,049 $ 2,041 $ 2,076 $ 8,439 $ 1,481

A-8 Non-GAAP reconciliations Return on average tangible common equity $ in millions As of / Quarter Ended Year Ended Dec. 31 Sept. 30 June 30 March 31 Dec. 31 Dec. 31 Dec. 31 2025 2025 2025 2025 2024 2025 2024 Net income available to common shareholders - GAAP $ 1,289 $ 1,348 $ 1,180 $ 1,157 $ 1,216 $ 4,974 $ 4,469 Amortization of intangibles 70 72 73 75 84 290 345 Applicable income taxes related to amortization of intangibles(1) (16) (18) (17) (18) (20) (69) (65) Net income available to common shareholders - tangible(2) 1,343 1,402 1,236 1,214 1,280 5,195 4,749 Securities (gains) losses, net 1 — 13 1 1 15 5,090 Charitable contribution, net — — — — — — 115 FDIC special assessment, net — — — — (6) — 49 Legal accrual, net 99 — — — — 99 — Accelerated TIH equity compensation expense, net — — — — — — 76 Gain on sale of TIH, net — — — — — — (4,830) Net income available to common shareholders - tangible adjusted(2) $ 1,443 $ 1,402 $ 1,249 $ 1,215 $ 1,275 $ 5,309 $ 5,249 Average common shareholders’ equity $ 59,991 $ 59,141 $ 58,327 $ 58,125 $ 57,754 $ 58,902 $ 55,876 Average intangible assets (18,456) (18,528) (18,590) (18,669) (18,746) (18,560) (20,636) Applicable deferred taxes related to intangible assets(1) 409 415 417 422 429 416 550 Average tangible common shareholders' equity(2) 41,944 41,028 40,154 39,878 39,437 40,758 35,790 Estimated impact of adjustments on denominator 50 — 7 — (3) 57 248 Average tangible common shareholders' equity - adjusted(2) $ 41,994 $ 41,028 $ 40,161 $ 39,878 $ 39,434 $ 40,815 $ 36,038 Return on average common shareholders equity - GAAP 8.5 % 9.0 % 8.1 % 8.1 % 8.4 % 8.4 % 8.0 % Return on average tangible common shareholders equity 12.7 13.6 12.3 12.3 12.9 12.7 13.3 Return on average tangible common shareholders equity - adjusted(2) 13.6 13.6 12.5 12.4 12.9 13.0 14.6 (1) Calculated using the applicable marginal tax rate. (2) Tangible common equity and related measures, including ROTCE, are non-GAAP measures that exclude the impact of intangible assets, net of deferred taxes, and their related amortization. Further, the adjusted return on average tangible common shareholders’ equity is non-GAAP in that it excludes selected items. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses these measures to assess profitability, returns relative to balance sheet risk, and shareholder value.