Truist Q2 Earnings: EPS Jumps 37% to $1.23, $1.2B in Buybacks, ROTCE Hits 15.4%

summarizeSummary

Truist reported Q2 2026 EPS of $1.23, up 37% YoY, with $1.2B in buybacks and a 15.4% ROTCE. Full-year revenue growth outlook raised to 3.5-4%.

check_boxKey Events · Earnings and Guidance · TFC

• Earnings Beat

  Driven by a 5.5% YoY increase in revenue-TE to $5.3 billion, Q2 diluted EPS reached $1.23—a 37% jump from the prior year—on net income available to common shareholders of $1.5 billion.

• Capital Return

  The bank repurchased $1.2 billion of common stock during the quarter, bringing total capital returned to shareholders to $1.8 billion, and remains on pace to meet its $5 billion full-year buyback target.

• Profitability Milestone

  Positive operating leverage and higher fee income pushed ROTCE to 15.4%, up 310 bps YoY, while the CET1 ratio strengthened to 10.9%.

• Raised Guidance

  Full-year 2026 revenue-TE growth is now expected at 3.5-4%, up from the prior ~3% outlook, with expense growth of ~1.75% and an NCO ratio of ~55 bps.

auto_awesomeAnalysis · TFC · Finance

A 37% surge in diluted EPS to $1.23 highlights Truist's strong second quarter, fueled by higher fee income and disciplined expense management. Shareholders received $1.8 billion in total returns, including $1.2 billion in buybacks, while the CET1 ratio held firm at 10.9%. Confidence in sustained profitability prompted management to lift the full-year revenue growth forecast to 3.5-4% and reaffirm the $5 billion buyback target. The results keep the bank on track toward its 15%+ ROTCE goal, with credit quality remaining solid despite a modest increase in nonperforming loans.