Does this 8-K change Truist's reported earnings or require a restatement?

No. Truist states that the unaudited supplemental information does not revise or restate previously reported consolidated results for any period. The changes affect how items are classified within the income statement, not the net income, net income available to common shareholders, or EPS already reported.

What specifically changed in the income statement presentation?

Several items were reclassified or renamed. Restructuring charges moved into natural expense categories (personnel, net occupancy, professional fees and outside processing, and other expense). Operating lease income moved into other income, and operating lease depreciation moved into other expense. Treasury management fees moved from other deposit revenue into a renamed 'Card and treasury management fees' line, and 'Service charges on deposits' was renamed 'Other deposit revenue.'

How did Truist perform in Q3 2025 compared with Q3 2024 on the recast basis?

Modest growth. Net income from continuing operations rose to $1,452 million from $1,439 million, and net income available to common shareholders rose to $1,348 million from $1,336 million. Noninterest income grew about 5% and noninterest expense about 3%, while net interest income grew under 1%. Preferred dividends of $104 million in Q3 2025 are a significant deduction from net income to common.

Why do the 2024 quarters show large swings, and should investors be concerned?

The swings reflect items outside core operations. In Q2 2024, Truist recorded a $6.65 billion securities loss within noninterest income and a $4.83 billion gain from discontinued operations, producing a reported loss from continuing operations of $3.9 billion for that quarter. The 8-K does not describe the underlying transactions, so investors should refer to Truist's prior filings for context. The recast does not change these amounts, and they should be excluded when assessing run-rate performance.

Why did Truist make these changes, and what should investors watch going forward?

The company says the changes better align financial reporting with how management runs its businesses. Investors should watch whether the new presentation improves visibility into operating costs, particularly personnel and professional fees, and into fee income such as card and treasury management. Future earnings releases will use this structure, so tracking year-over-year comparisons on the recast basis will be important.

TRUIST FINANCIAL CORP 8-K: Regulation FD

01—Abstract

Summary

Summary of the 8-K filed January 12, 2026. Cited figures are marked; the original filing is the authoritative source.

Truist Financial's January 12, 2026 8-K is a presentation update, not a results release.

Effective December 31, 2025, Truist changed how it presents its consolidated income statement. It also furnished unaudited supplemental historical financials (Exhibit 99.1) that recast seven quarters, Q1 2024 through Q3 2025, to the new format. The company states that the recast does not revise or restate any previously reported results.

Net income, net income available to common shareholders, and EPS are unchanged. The changes are classification moves: restructuring charges are now spread into natural expense categories, operating lease income and depreciation are moved into other income and other expense, and treasury management fees move into a renamed 'Card and treasury management fees' line. The exhibit is furnished under Item 7.01 and is not 'filed' for Section 18 purposes.

For investors, the practical value is comparability. Under the new presentation, Q3 2025 reported net income from continuing operations of $1,452 million^a, versus $1,439 million in Q3 2024. Net income available to common shareholders was $1,348 million, versus $1,336 million a year earlier, after preferred dividends of $104 million.

Total noninterest income rose to $1,558 million^b from $1,483 million, and noninterest expense rose to $3,014 million from $2,927 million. Net interest income was $3,629 million, up from $3,602 million. Expense growth of about 3% outpaced revenue growth of about 2% in the quarter, which left the efficiency ratio slightly higher year over year (roughly 58% versus 58%, on a simple expense-to-revenue basis).

Personnel expense, at $1,748 million^c, is the largest cost line and rose from $1,643 million. The filing also recasts the Q2 2024 quarter, which reflected a $6.65 billion securities loss in noninterest income and a $4.83 billion gain from discontinued operations. Those items drove a reported loss for that quarter.

Investors comparing trends should use the recast figures, since the restated line items isolate restructuring and lease effects that previously sat in separate captions. The filing does not explain the underlying business drivers of the changes beyond stating they align reporting with how management runs the businesses.

02—Key points

Key Highlights

Presentation-only change: Truist reclassified line items effective December 31, 2025, applied retrospectively, and states the recast does not revise or restate previously reported results.
Q3 2025 net income from continuing operations was $1,452 million, up from $1,439 million in Q3 2024; net income available to common shareholders was $1,348 million versus $1,336 million.
Net interest income rose to $3,629 million in Q3 2025 from $3,602 million a year earlier, while total interest income of $6,286 million was broadly flat year over year.
Total noninterest income increased to $1,558 million from $1,483 million, with investment banking and trading income of $323 million in Q3 2025, up from $205 million in Q2 2025.
Total noninterest expense rose to $3,014 million from $2,927 million, with personnel expense of $1,748 million, the largest cost driver.
Restructuring charges were reallocated into personnel, net occupancy, professional fees, and other expense, so the separate restructuring caption no longer appears.
The exhibit is unaudited, furnished rather than filed under Item 7.01, and provided for illustrative purposes, so it should be read as a comparability aid rather than new financial results.

03—Questions

Frequently Asked Questions

Does this 8-K change Truist's reported earnings or require a restatement?
No. Truist states that the unaudited supplemental information does not revise or restate previously reported consolidated results for any period. The changes affect how items are classified within the income statement, not the net income, net income available to common shareholders, or EPS already reported.
What specifically changed in the income statement presentation?
Several items were reclassified or renamed. Restructuring charges moved into natural expense categories (personnel, net occupancy, professional fees and outside processing, and other expense). Operating lease income moved into other income, and operating lease depreciation moved into other expense. Treasury management fees moved from other deposit revenue into a renamed 'Card and treasury management fees' line, and 'Service charges on deposits' was renamed 'Other deposit revenue.'
How did Truist perform in Q3 2025 compared with Q3 2024 on the recast basis?
Modest growth. Net income from continuing operations rose to $1,452 million from $1,439 million, and net income available to common shareholders rose to $1,348 million from $1,336 million. Noninterest income grew about 5% and noninterest expense about 3%, while net interest income grew under 1%. Preferred dividends of $104 million in Q3 2025 are a significant deduction from net income to common.
Why do the 2024 quarters show large swings, and should investors be concerned?
The swings reflect items outside core operations. In Q2 2024, Truist recorded a $6.65 billion securities loss within noninterest income and a $4.83 billion gain from discontinued operations, producing a reported loss from continuing operations of $3.9 billion for that quarter. The 8-K does not describe the underlying transactions, so investors should refer to Truist's prior filings for context. The recast does not change these amounts, and they should be excluded when assessing run-rate performance.
Why did Truist make these changes, and what should investors watch going forward?
The company says the changes better align financial reporting with how management runs its businesses. Investors should watch whether the new presentation improves visibility into operating costs, particularly personnel and professional fees, and into fee income such as card and treasury management. Future earnings releases will use this structure, so tracking year-over-year comparisons on the recast basis will be important.

04—Continue

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