A fixed rule set over this filing's XBRL figures and the number of high-severity risks found in it — no model judgement.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
In Q2 FY2026, Truist Financial Corporation (TFC) delivered strong financial results with diluted EPS increasing 36.7% YoY to $1.23, supported by 17.4% growth in noninterest income and strong capital deployment including $1.2B in share repurchases.
EPS (Diluted)
$1.23
+36.67% YoY
Diluted EPS was $1.23. TFC's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Truist Financial Corporation reported Q2 FY2026 diluted EPS of $1.23 (+36.7% YoY) on total revenue of $5.27B, bolstered by strength in investment banking, wealth management fees, and share repurchases.
Last 4 quarters: 4 beats
Reported EPS of $1.23 versus the $1.09 analyst consensus — a +12.9% beat for Jun 2026.
Total taxable-equivalent revenue rose 5.5% YoY to $5.31B in Q2 FY2026. Noninterest income surged 17.4% YoY to $1.64B, powered by a 71.7% surge in investment banking and trading income ($352M vs. $205M) and a 7.8% increase in wealth management income ($375M vs. $348M).
Source: 10-Q Item 2 MD&A, p.49, 54
Consumer and Small Business Banking (CSBB) net income grew 45.5% YoY to $835M due to expanding deposit spreads and lower credit loss provisions. Wholesale Banking (WB) net income rose 11.5% YoY to $960M, driven by higher investment banking and trading revenues.
Source: 10-Q Item 2 MD&A, p.55-56
On June 15, 2026, Truist announced that Michael P. Lyons will become President and CEO effective September 1, 2026, while William H. Rogers, Jr. will step down as CEO and transition to Executive Chair of the Board through the 2027 annual meeting.
Source: 10-Q Item 2 MD&A, p.49
During Q2 FY2026, Truist returned $1.8B to common shareholders through $636M in common dividends ($0.52/share) and $1.2B in common stock repurchases, leaving $7.7B remaining under its $10.0B share repurchase authorization.
Source: 10-Q Item 2 MD&A, p.49, 50
Nonperforming assets in the indirect auto portfolio increased due to nonaccrual policy enhancements for accounts with cumulative payment extensions, while indirect auto annualized net charge-offs remained elevated at 1.73%, posing potential asset quality risks.
Source: 10-Q Item 2 MD&A, p.59-60
Taxable-equivalent Net Interest Margin (NIM-TE) narrowed by 4 basis points YoY to 2.98% in Q2 FY2026, impacted by lower loan spreads and fixed-rate debt repricing, exposing net interest income to interest rate and spread volatility.
Source: 10-Q Item 2 MD&A, p.50-51
Truist maintains a Debt to Equity ratio of 7.67 with long-term debt standing at $42.98B as of June 30, 2026, which exposes the company to elevated refinancing and borrowing cost risks in fluctuating market interest rate environments.
Source: 10-Q Balance Sheet (XBRL)
This analysis does not extract a guidance section. Companies issue revenue and EPS outlook in the 8-K press release and on the earnings call rather than in the 10-Q itself — though the filing's management discussion can contain forward-looking statements, which appear in the highlights above where they were material.
Truist Financial (TFC) is next expected to report on , when the following quarter's results and any updated outlook will be available.
See the TFC earnings preview — expected date, analyst estimates and what to watch →
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
EPS (Basic) | $1.24 | $0.91 | +36.26% |
EPS (Diluted) | $1.23 | $0.90 | +36.67% |
Truist reported diluted EPS of $1.23 for Q2 FY2026, an increase of 36.7% compared to $0.90 in Q2 FY2025. Net income available to common shareholders increased 28.7% YoY to $1.52 billion, driven by strong growth in capital markets and wealth management income.
Total revenue reached $5.27 billion (or $5.31 billion on a taxable-equivalent basis) in Q2 FY2026, up 5.6% YoY. Noninterest fee income surged 17.4% YoY to $1.64 billion, driven by a 71.7% increase in investment banking and trading revenues.
On June 15, 2026, Truist announced a leadership succession plan under which Michael P. Lyons will become President and CEO effective September 1, 2026. Current CEO William H. Rogers, Jr. will transition to Executive Chair through the 2027 annual shareholder meeting.
Truist returned $1.8 billion to common shareholders during Q2 FY2026, comprising $1.2 billion in common stock repurchases ($2.33B YTD) and $636 million in dividends ($0.52/share). The company had $7.7 billion remaining under its share repurchase authorization as of June 30, 2026.
Truist Financial (TFC) is next expected to report earnings on Oct 16, 2026. The date comes from the analyst earnings calendar and can shift until the company confirms it.
Expected release date, analyst estimates & what to watch
TFC delivered strong Q1 FY2026 earnings with EPS rising 25% year-over-year to $1.10 (basic), though operating cash flow declined 9% and long-term debt surged nearly 30%, signaling balance sheet expansion amid tighter liquidity.
TFC (Truist Financial) delivered strong FY2025 results with EPS growing 15.2% year-over-year to $3.87 (basic), driven by a 165.2% surge in operating cash flow to $5.74B, though long-term debt rose 20.0% and the high debt-to-equity ratio of 7.40 warrants monitoring.
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