Truist reports $1.16 adjusted EPS amid revenue miss

• Truist Financial reported third-quarter 2026 adjusted earnings of $1.16 per share, beating analysts' consensus estimate of $1.14.
• Reported revenue of $3.75 billion missed the $5.35 billion estimate, reflecting a $1.45 billion securities loss and a $66 million loan-sale loss.
• Truist continued restructuring its loan portfolio, completing a $5.5 billion auto loan sale and agreeing to sell approximately $7.7 billion in LightStream loans.

Truist Financial (NYSE:TFC) reported third-quarter 2026 adjusted earnings of $1.16 per share, exceeding Wall Street's $1.14 estimate, while revenue fell short of expectations.

Reported revenue reached $3.75 billion against the $5.35 billion consensus, reflecting portfolio-related losses, while adjusted revenue excluding those actions was approximately $5.30 billion.

The bank recorded a $1.45 billion loss on available-for-sale securities and a $66 million loan-sale loss, while taxable-equivalent net interest income rose 1.1% sequentially to $3.71 billion.

Truist said its portfolio changes would strengthen its funding and risk position, while shares fell 2.53% in premarket trading following the earnings announcement.

Meanwhile, average deposits increased 1.4% to $410.7 billion, while average loans and leases held for investment declined 1.1% to $325.5 billion as the bank adjusted its lending portfolio.

Truist also completed the sale of its $5.5 billion Regional Acceptance Corporation auto loan portfolio and signed an October 14 agreement to sell approximately $7.7 billion of LightStream consumer loans to Carlyle Group.