Truist Financial (TFC) Q2 FY2026 earnings: revenue $5.3 billion, up 5.6% on the year

Truist Financial Corp. (TFC) reported revenue of $5.3 billion for Q2 FY2026, the quarter ended 30 June 2026, up 5.6% on the same quarter a year earlier. Net income was $1.5 billion, up 28.7% on the year, and diluted earnings per share $1.23. The figures are the company's own, from the 10-Q it filed with the SEC on 31 July 2026.

Revenue

$5.3 billion

+5.6% on the year · +2.2% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

n/a

Q3 FY2024Q2 FY2026

Net income

$1.5 billion

+28.7% on the year · +10.3% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$1.23

+36.7% on the year · +12.8% on the quarter

Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Diluted EPS rose 37% year over year: Diluted EPS was $1.23, compared with $1.09 in the first quarter and $0.90 a year earlier. Net income available to common shareholders was $1.5 billion, and ROTCE was 15.4%.
Margin narrowed four basis points: NIM on a taxable-equivalent basis was 2.98%, down four basis points from the first quarter and from the second quarter of 2025. Management attributed the decline to funding costs, loan spreads and a larger balance sheet.
Expenses up 2.4% on incentives: Noninterest expense was $3.06 billion, up $72 million, or 2.4%, from the first quarter. Management cited higher variable incentives and continued investment in talent and technology.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	5,265	5,152	4,987	+2.2%	+5.6%
Pre-tax income	1,815	1,690	1,513	+7.4%	+20.0%
Income tax	262	209	273	+25.4%	-4.0%
Effective tax rate	14.4%	12.4%	18.0%
Net income	1,519	1,377	1,180	+10.3%	+28.7%
Net margin	28.9%	26.7%	23.7%
Diluted EPS	$1.23	$1.09	$0.90	+12.8%	+36.7%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	1,039	679	914	+53.0%	+13.7%
Cash from investing	-2,872	-1,937	-7,705
Cash from financing	4,924	1,078	6,071	+356.8%	-18.9%
Buybacks	1,200	1,134	750	+5.8%	+60.0%
Dividends paid	636	645	670	-1.4%	-5.1%
Dividend per share	$0.52	$0.52	$0.52	0.0%	0.0%
Diluted shares, weighted	1,239m	1,267m	1,305m	-2.2%	-5.1%
Shares outstanding at period end	1,222m	1,246m	1,289m	-1.9%	-5.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	64,095	64,214	64,840	-0.2%	-1.1%
Trading liabilities	142	218	200	-34.9%	-29.0%
Debt	69,861	69,063	61,058	+1.2%	+14.4%
Other liabilities	421,925	415,480	417,735	+1.6%	+1.0%
Total liabilities and equity	556,023	548,975	543,833	+1.3%	+2.2%
Fixed assets	3,177	3,145	3,197	+1.0%	-0.6%
Goodwill	17,125	17,125	17,125	0.0%	0.0%
Intangible assets	1,130	1,192	1,399	-5.2%	-19.2%
Securities held for sale or to maturity	114,002	111,866	115,363	+1.9%	-1.2%
Loans	324,813	324,212	313,897	+0.2%	+3.5%
Resale agreements	4,431	4,047	2,656	+9.5%	+66.8%
Trading assets	5,288	5,235	5,963	+1.0%	-11.3%
Cash and equivalents	39,288	36,197	41,451	+8.5%	-5.2%
Other assets	46,769	45,956	42,782	+1.8%	+9.3%
Total assets	556,023	548,975	543,833	+1.3%	+2.2%

Questions

What was Truist Financial's revenue in Q2 FY2026?

Truist Financial (TFC) reported revenue of $5.3 billion for Q2 FY2026, the quarter ended 30 June 2026, up 5.6% on the same quarter a year earlier.

How much did Truist Financial earn in Q2 FY2026?

Net income for Q2 FY2026 was $1.5 billion, up 28.7% on the year, and diluted earnings per share $1.23.

When did Truist Financial report Q2 FY2026 results?

Truist Financial filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 31 July 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023 †	Q2 FY2023 †	Q3 FY2023 †	Q4 FY2023 * †	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	5,566	5,325	5,655	5,847	6,208	5,288	4,983	4,869	4,882	4,818	-1,685	5,085	5,060	4,899	4,987	5,187	5,246	5,152	5,265	3,747
Interest expense	168	174	266	624	1,257	1,917	2,572	2,665	2,723	2,812	2,824	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	1,969	1,746	1,904	2,000	2,019	1,771	1,399	1,312	-5,247	1,365	-5,230	1,710	1,554	1,535	1,513	1,737	1,564	1,690	1,815	895
Tax rate	19%	19%	20%	18%	17%	20%	16%	15%	n/a	17%	n/a	16%	17%	18%	18%	16%	13%	12%	14%	11%
Net income	1,524	1,327	1,454	1,536	1,610	1,410	1,234	1,071	-5,167	1,091	826	1,336	1,216	1,157	1,180	1,348	1,289	1,377	1,519	684
Net margin	27%	25%	26%	26%	26%	27%	25%	22%	-106%	23%	n/a	26%	24%	24%	24%	26%	25%	27%	29%	18%
Diluted EPS	$1.13	$0.99	$1.09	$1.15	$1.20	$1.05	$0.92	$0.80	-$3.85	$0.81	$0.62	$0.99	$0.91	$0.87	$0.90	$1.04	$1.00	$1.09	$1.23	$0.56
Operating cash flow	4,807	-188	3,965	3,770	3,534	118	3,730	2,407	2,376	-990	845	1,534	775	746	914	1,497	2,582	679	1,039	1,763
Capital expenditure	128	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Free cash flow	4,679	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Buybacks	500	0.0	250	0.0	0.0	n/a	n/a	0.0	n/a	0.0	0.0	500	500	500	750	500	750	1,134	1,200	1,200
Dividends paid	638	637	639	691	689	691	693	693	693	694	696	695	685	679	670	665	658	645	636	629
Shares outstanding	1,328m	1,331m	1,326m	1,327m	1,327m	1,332m	1,332m	1,334m	1,334m	1,338m	1,338m	1,328m	1,316m	1,310m	1,289m	1,279m	1,262m	1,246m	1,222m	1,198m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Revenue below zero (Q2 FY2024) is as the company filed it: its revenue line takes off losses (on securities sold, hedges or investments), revenue reversed from earlier periods or incentives paid out, and in that period they were larger than the rest. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2026, filed 31 July 2026: the filing.