Truist Financial reported adjusted diluted earnings of $1.16 per share for the third quarter, up 12% from $1.04 a year earlier. GAAP diluted earnings fell to $0.56 from $1.23 in the second quarter after securities and loan-sale adjustments.
The Charlotte-based bank released its results on October 16. The report followed other large-bank updates, including PNC’s third-quarter earnings.
Truist Q3 earnings separate core and reported results
Adjusted net income available to common shareholders totaled $1.42 billion, down from $1.52 billion in the second quarter but above $1.35 billion a year earlier. Adjusted revenue on a taxable-equivalent basis was about $5.3 billion and remained stable.
Reported revenue fell to $3.75 billion from $5.27 billion in the prior quarter. Truist recorded a $1.4 billion pre-tax loss on available-for-sale securities and other effects tied to the Regional Acceptance Corporation loan sale.
Deposits grow as average loans decline
Average deposits rose to $411 billion from $405 billion in the second quarter and $397 billion a year earlier. Average loans and leases declined to $329 billion from $332 billion but remained above $322 billion in the year-earlier period.
End-of-period loans fell by $5.9 billion, including $5.5 billion tied to the Regional Acceptance sale. The taxable-equivalent net interest margin increased two basis points from the prior quarter to 3.00%. Regional-bank investors can compare the trend with Simmons First National’s margin and balance-sheet results.
Credit metrics reflect the loan sale
The net charge-off ratio increased to 0.77% from 0.50% in the second quarter, including 39 basis points connected to Regional Acceptance. Nonperforming loans fell to 0.40% of held-for-investment loans, down 11 basis points.
Truist also agreed on October 14 to sell $7.7 billion of unsecured LightStream consumer loans to Carlyle. Investors will watch whether the simplified balance sheet supports future returns after the repositioning. Trading activity provides another financial-sector reference through Interactive Brokers’ latest earnings.
Primary sources: Truist Q3 2026 results, October 16, 2026; Truist SEC exhibit 99.1.
Sharron Kendi
Sharron Kendi is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence.
