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TRUIST FINANCIAL CORP 8-K Report, Financial Results (Jan 21, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed January 21, 2026
Period End
January 21, 2026
In the record · 2016–202610-K1110-Q338-K196

TFC filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 196 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Apr ’16Apr ’16
  2. Deal closed8-K · Dec ’19Dec ’19
  3. Leadership change8-K · Sep ’22Sep ’22
  4. Leadership change8-K · Jan ’25Jan ’25

01—Abstract

Summary

Summary of the 8-K filed January 21, 2026. Cited figures are marked; the original filing is the authoritative source.

Truist Financial reported fourth quarter 2025 results on January 21, 2026, with net income available to common shareholders of $1.3 billiona, or $1.00 per diluted share, versus $1.04 in the prior quarter and $0.91 a year earlier.

Results were weighed down by two discrete items: a $130 millionb pre-tax legal accrual ($0.08 per share) tied to a settlement agreement in the Bickerstaff v. SunTrust Bank matter, and $63 million of mostly severance charges ($0.04 per share). Excluding these, the quarter was steadier, with total revenue (TE) up 1.1% sequentially, net interest income (TE) up 1.9%, and net interest margin up six basis points to 3.07%.

Full-year 2025 diluted EPS was $3.82c, up from $3.36 in 2024, which was itself distorted by a large 2024 securities loss, so the 2025 comparison is the more meaningful one. Credit and capital were the key watch items. The net charge-off ratio rose to 0.57% from 0.48% sequentially, driven by commercial and industrial, credit card, indirect auto and other consumer loans, and the provision rose to $512 million.

The CET1 ratio fell to 10.8% from 11.0% as Truist returned capital, repurchasing $750 milliond of common stock and paying a dividend, for a total payout ratio of 109%. Management announced a new authorization of up to $10 billion in buybacks with no expiration date. Average loans grew 1.3% sequentially, with broad-based growth across wholesale and consumer portfolios.

Looking ahead, management guided to 2026 revenue (TE) growth of 4% to 5%, noninterest expense growth of 1.25% to 2.25% excluding the legal accrual, net interest income growth of 3% to 4%, a net charge-off ratio of about 55 basis points, and roughly $4 billion of share repurchases. The company reiterated a 15% ROTCE target for 2027, which Truist currently needs to close a gap toward, given fourth quarter ROTCE of 12.7%. The 1Q26 outlook calls for revenue down 2% to 3% sequentially, reflecting seasonal and rate effects, with expenses down 4% to 5% excluding the legal accrual.

02—Key points

Key Highlights

  1. Q4 2025 GAAP diluted EPS of $1.00 (vs. $1.04 in Q3 2025 and $0.91 in Q4 2024), including a $0.08 legal accrual and $0.04 in severance-related charges
  2. Total revenue (TE) of $5.3 billion, up 1.1% sequentially; net interest margin (TE) of 3.07%, up six basis points on loan growth and lower deposit costs
  3. Noninterest expense rose 5.2% to $3.17 billion, driven by the legal accrual and higher personnel costs; the efficiency ratio (unadjusted) was 60.4% and adjusted was 54.9%
  4. Net charge-off ratio rose to 0.57% from 0.48%, with the provision for credit losses up to $512 million; ALLL ratio slipped to 1.53%
  5. CET1 ratio of 10.8% (down from 11.0%) after $750 million of buybacks; new $10 billion repurchase authorization with no expiration date
  6. 2026 outlook: revenue (TE) up 4% to 5%, net interest income up 3% to 4%, NCO ratio around 55 bps, and about $4 billion in share repurchases
  7. Reiterated 15% ROTCE target for 2027; Q4 2025 ROTCE was 12.7%

03—Questions

Frequently Asked Questions

  1. What drove the decline in Truist's fourth quarter earnings per share?

    Diluted EPS was $1.00, down from $1.04 in the third quarter, mainly because of a $130 million pre-tax legal accrual ($0.08 per share) tied to a settlement agreement in the Bickerstaff v. SunTrust Bank matter, and $63 million in restructuring and severance charges ($0.04 per share). Underlying revenue growth was positive, with total revenue (TE) up 1.1% sequentially.

  2. Is Truist's credit quality deteriorating?

    Some metrics softened. The net charge-off ratio rose to 0.57% from 0.48% in the third quarter, and the provision for credit losses increased to $512 million. Nonperforming loans were flat at 0.48% of loans, and the ALLL ratio slipped to 1.53%. Loans 30-89 days past due rose to $2.0 billion. Management attributed the NCO increase to commercial and industrial, credit card, indirect auto, and other consumer portfolios.

  3. How much capital is Truist returning, and is it sustainable?

    Truist repurchased $750 million of common stock in Q4 and paid a $0.52 quarterly dividend, for a total payout ratio of 109%. The CET1 ratio fell 20 basis points to 10.8%. Management plans about $4 billion of buybacks in 2026 and announced a new $10 billion authorization. Sustainability depends on earnings growth keeping pace, since payouts exceeded earnings this quarter and CET1 is declining.

  4. What is the outlook for Truist in 2026?

    Management guides to 2026 revenue (TE) growth of 4% to 5%, net interest income growth of 3% to 4%, and noninterest expense growth of 1.25% to 2.25% excluding the legal accrual. The net charge-off ratio is expected around 55 basis points, and the effective tax rate around 16.5%. The company targets a 15% ROTCE by 2027, versus 12.7% in Q4 2025.

04—Continue

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