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TRUIST FINANCIAL CORP 8-K Report, Regulation FD Disclosure (Sep 15, 2026)

Reports
Regulation FD·Exhibits & Filings
Filing Date
Filed September 15, 2026
Period End
September 15, 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 · Oct ’21Oct ’21
  4. Leadership change8-K · Oct ’25Oct ’25

01—Abstract

Summary

Summary of the 8-K filed September 15, 2026. Cited figures are marked; the original filing is the authoritative source.

On September 15, 2026, Truist Financial Corporation (TFC) disclosed, via Item 7.01 and Exhibit 99.1 furnished alongside a presentation by CFO Mike Maguire at the Barclays Global Financial Services Conference, that it has signed an agreement to sell $5.5 billiona of auto loans representing substantially all assets of Regional Acceptance Corporation (RAC).

The sale is part of Truist's strategic decision to exit the near-prime auto lending business, which the company describes as non-core and less profitable. Closing is anticipated in late 3Q26 or early 4Q26, subject to customary closing conditions. Management states that its 3Q26 and full-year 2026 outlook is unchanged excluding the impact of these strategic actions, and that the 2026 share repurchase target remains $5 billionb.

The transaction is expected to generate $5.2 billionc in net proceeds and a $535 million loan loss reserve recapture, which Truist attributes to the difference between the purchase price and the loan amount net of reserve. Pre-tax earnings of RAC were approximately breakeven through the first six months of 2026. The company estimates the deal adds $945 million, or about 22 basis points, to CET1 capital, driven by a $410 million after-tax reserve recapture and $600 million of capital released from lower risk-weighted assets, partially offset by $65 million of after-tax transaction costs.

Non-performing loans would fall by more than 10 basis points and annual net charge-offs by roughly 10 basis points. Truist presents illustrative uses of proceeds, including repaying wholesale borrowings and repositioning certain available-for-sale securities to offset the capital created by the sale, while noting these actions are subject to market conditions.

For 2027, management expects modest earnings and ROTCE accretion. All financial metrics are described as preliminary estimates, and the company notes that a broader strategic review is ongoing, so further portfolio actions are possible.

02—Key points

Key Highlights

  1. Agreement to sell $5.5 billion of auto loans, substantially all assets of Regional Acceptance Corporation (RAC), exiting near-prime auto lending
  2. Expected net proceeds of $5.2 billion and a $535 million pre-tax loan loss reserve recapture
  3. Estimated CET1 capital uplift of $945 million (about 22 bps), including $410 million after-tax reserve recapture and $600 million from lower risk-weighted assets, less $65 million after-tax transaction costs
  4. Non-performing loans expected to fall by more than 10 bps and net charge-offs by roughly 10 bps annually
  5. 3Q26 and 2026 outlook unchanged excluding strategic actions; 2026 share repurchase target maintained at $5 billion
  6. Closing anticipated late 3Q26 or early 4Q26, subject to customary closing conditions
  7. Illustrative use of proceeds includes repaying wholesale borrowings and repositioning AFS securities; 2027 expected to bring modest EPS and ROTCE accretion

03—Questions

Frequently Asked Questions

  1. Why is Truist selling its auto loan portfolio?

    Truist describes the sale as part of a strategic decision to exit near-prime auto lending, a business it characterizes as non-core and less profitable. This is consistent with its earlier discontinuation of its Marine and RV lending businesses, and the company says a broader strategic review is ongoing.

  2. What is the financial impact on Truist's earnings and capital?

    Management says its 3Q26 and 2026 outlook is unchanged excluding these strategic actions. The deal is estimated to add $945 million (about 22 bps) to CET1 capital and to be modestly accretive to earnings and tangible book value. RAC was roughly breakeven on a pre-tax basis through the first half of 2026, so the earnings benefit comes mainly from the reserve recapture and capital efficiency rather than ongoing profit.

  3. Will the $535 million reserve recapture be a one-time gain?

    The $535 million represents the difference between the purchase price and the loan amount, net of reserve. It is a one-time benefit tied to the sale, contributing $410 million after tax to the CET1 uplift. Investors should expect it to affect reported results in the quarter the transaction closes, subject to final accounting.

  4. How will Truist use the $5.2 billion in proceeds?

    The illustrative plan includes repaying wholesale borrowings and repositioning certain available-for-sale securities to fully offset the capital created by the sale. Management notes these actions depend on market conditions and are not yet committed, so the final deployment could differ.

  5. Does this affect Truist's shareholder returns or the closing timeline?

    Truist kept its 2026 share repurchase target at $5 billion. The sale is expected to close in late 3Q26 or early 4Q26, subject to customary closing conditions, so there is some execution risk until closing. All figures are preliminary estimates and may change.

04—Continue

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