Truist reported second-quarter 2026 net income available to common shareholders of $1.52 billion, up from $1.38 billion in the first quarter and $1.18 billion a year earlier. Diluted earnings per share rose to $1.23 from $1.09 in the prior quarter and $0.90 in the second quarter of 2025, a 37% increase year over year.
Total revenue climbed to $5.27 billion from $5.15 billion in the first quarter and $4.99 billion a year ago. On a taxable-equivalent basis, revenue was $5.31 billion, compared with $5.20 billion in the prior quarter and $5.04 billion in the year-ago period.
Net interest income was $3.62 billion, up slightly from $3.60 billion in the first quarter and $3.59 billion in the second quarter of 2025. On a taxable-equivalent basis, net interest income was $3.67 billion, up $23 million, or 0.6%, from the prior quarter and $32 million, or 0.9%, from a year earlier. Net interest margin on a taxable-equivalent basis was 2.98%, down 4 basis points from both the first quarter and the year-ago quarter.
Noninterest income increased to $1.64 billion from $1.55 billion in the first quarter and $1.40 billion a year earlier. The quarter-over-quarter gain was $91 million, or 5.9%, led by income from equity investments. Compared with the second quarter of 2025, noninterest income rose $244 million, or 17.4%, driven by higher investment banking and trading income and stronger wealth management income.
Investment banking and trading income was $352 million, down from $372 million in the first quarter but up sharply from $205 million a year earlier. Wealth management income rose to $375 million from $370 million in the prior quarter and $348 million in the second quarter of 2025. Card and treasury management fees increased to $353 million from $338 million in the first quarter and were slightly above the $351 million posted a year earlier.
Noninterest expense rose to $3.06 billion from $2.98 billion in the first quarter and $2.99 billion in the second quarter of 2025. Personnel expense increased to $1.79 billion from $1.73 billion in the prior quarter and $1.68 billion a year earlier. Professional fees and outside processing climbed to $335 million from $313 million in the first quarter, though that was below the $373 million recorded a year ago.
Pretax, pre-provision earnings were $2.26 billion, up from $2.21 billion in the first quarter and $2.05 billion a year ago. The efficiency ratio was 58.0%, little changed from 57.9% in the prior quarter and better than 59.9% in the second quarter of 2025.
Average loans and leases held for investment were $329.2 billion, up $2.1 billion, or 0.7%, from the first quarter. Commercial loans rose $2.6 billion, or 1.3%, to $201.2 billion, with commercial and industrial balances up $2.2 billion and CRE up $773 million. Consumer loans were essentially flat at $123.1 billion, while indirect auto fell $912 million to $24.4 billion.
Average deposits increased to $404.9 billion from $398.9 billion in the first quarter. Interest checking balances rose $3.4 billion to $123.6 billion, and time deposits increased $1.9 billion to $41.3 billion. End-of-period deposits were $409.4 billion, up $5.3 billion from March 31.
Credit quality improved in some areas and weakened slightly in others. Net charge-offs fell to 0.50% from 0.61% in the first quarter and 0.51% a year earlier. Nonperforming assets declined to $1.75 billion from $1.79 billion in the first quarter, while nonperforming loans edged up to 0.51% of loans held for investment from 0.50%. Loans 90 days or more past due and still accruing fell to $698 million from $760 million.
The allowance for loan and lease losses ratio was 1.51%, down from 1.53% in the first quarter and 1.54% a year earlier.
Capital remained strong. Truist’s CET1 ratio was 10.9%, up from 10.8% in the first quarter. The company repurchased $1.2 billion of common stock and returned $1.8 billion to shareholders through dividends and buybacks. It declared a common dividend of $0.52 per share for the quarter. Today the company's shares have moved 0.55% to a price of $53.545. For the full picture, make sure to review TRUIST FINANCIAL CORP's 8-K report.
