EX-99.2 3 ex992-qpsx2q25.htm EX-99.2 Document















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Quarterly Performance Summary
Truist Financial Corporation
Second Quarter 2025




Table of Contents 
Quarterly Performance Summary 
Truist Financial Corporation
   
   
   
  Page
Financial Highlights
Consolidated Statements of Income
Consolidated Ending Balance Sheets
Average Balances and Rates
Credit Quality
Segment Financial Performance
Capital Information
Selected Mortgage Banking Information & Additional Information
Selected Items



Financial Highlights
Quarter EndedYear-to-Date
(Dollars in millions, except per share data, shares in thousands)June 30March 31Dec. 31Sept. 30June 30June 30June 30
2025202520242024202420252024
Summary Income Statement
Interest income$6,154 $5,988 $6,179 $6,352 $6,351 $12,142 $12,535 
Plus: Taxable-equivalent adjustment48 48 51 55 53 96 106 
Interest income - taxable equivalent(1)
6,202 6,036 6,230 6,407 6,404 12,238 12,641 
Interest expense2,567 2,481 2,589 2,750 2,824 5,048 5,636 
Net interest income3,587 3,507 3,590 3,602 3,527 7,094 6,899 
Net interest income - taxable equivalent(1)
3,635 3,555 3,641 3,657 3,580 7,190 7,005 
Provision for credit losses488 458 471 448 451 946 951 
Net interest income after provision for credit losses3,099 3,049 3,119 3,154 3,076 6,148 5,948 
Noninterest income1,400 1,392 1,470 1,483 (5,212)2,792 (3,766)
Noninterest expense2,986 2,906 3,035 2,927 3,094 5,892 6,047 
Income (loss) before income taxes1,513 1,535 1,554 1,710 (5,230)3,048 (3,865)
Provision (benefit) for income taxes273 274 265 271 (1,324)547 (1,092)
Net income (loss) from continuing operations1,240 1,261 1,289 1,439 (3,906)2,501 (2,773)
Net income (loss) from discontinued operations— — (13)3 4,828 — 4,895 
Net income1,240 1,261 1,276 1,442 922 2,501 2,122 
Noncontrolling interests from discontinued operations— — — — 19 — 22 
Preferred stock dividends and other60 104 60 106 77 164 183 
Net Income available to common shareholders1,180 1,157 1,216 1,336 826 2,337 1,917 
Net income available to common shareholders - adjusted(1)
1,193 1,158 1,211 1,307 1,235 2,351 2,451 
Additional Income Statement Information
Revenue4,987 4,899 5,060 5,085 (1,685)9,886 3,133 
Revenue - taxable equivalent(1)
5,035 4,947 5,111 5,140 (1,632)9,982 3,239 
Pre-provision net revenue - unadjusted(1)
2,049 2,041 2,076 2,213 (4,726)4,090 (2,808)
Pre-provision net revenue - adjusted(1)
2,095 2,080 2,080 2,222 2,120 4,175 4,164 
Key Metrics
Earnings:
Earnings per share-basic from continuing operations(2)
$0.91 $0.88 $0.93 $1.00 $(2.98)$1.80 $(2.21)
Earnings per share-basic0.91 0.88 0.92 1.00 0.62 $1.80 $1.43 
Earnings per share-diluted from continuing operations(2)
0.90 0.87 0.92 0.99 (2.98)1.78 (2.21)
Earnings per share-diluted0.90 0.87 0.91 0.99 0.62 1.78 1.43 
Earnings per share-adjusted diluted(1)
0.91 0.87 0.91 0.97 0.91 1.79 1.82 
Cash dividends declared per share0.52 0.52 0.52 0.52 0.52 1.04 1.04 
Common shareholders’ equity per share45.70 44.85 43.90 44.46 42.71 
Tangible common shareholders’ equity per share(1)
31.63 30.95 30.01 30.64 28.91 
End of period shares outstanding1,289,435 1,309,539 1,315,936 1,327,521 1,338,223 
Weighted average shares outstanding-basic1,292,292 1,307,457 1,317,017 1,334,212 1,338,149 1,299,833 1,336,620 
Weighted average shares outstanding-diluted1,305,005 1,324,339 1,333,701 1,349,129 1,338,149 1,314,779 1,336,620 
Return on average assets0.93 %0.96 %0.96 %1.10 %0.70 %0.94 %0.81 %
Return on average common shareholders’ equity8.1 8.1 8.4 9.1 6.1 8.1 7.2 
Return on average tangible common shareholders’ equity(1)
12.3 12.3 12.9 13.8 10.4 12.3 12.5 
Net interest margin - taxable equivalent(2)
3.02 3.01 3.07 3.12 3.02 3.02 2.95 
Efficiency ratio-unadjusted(2)
59.9 59.3 60.0 57.5 NM59.6 NM
Efficiency ratio-adjusted(1)(2)
57.1 56.4 57.7 55.2 56.0 56.8 56.1 
Fee income ratio-unadjusted(2)
28.1 28.4 29.0 29.2 NM28.2 NM
Fee income ratio-adjusted(1)(2)
28.1 28.2 28.8 28.9 28.7 28.1 29.2 
Credit Quality
Nonperforming loans and leases as a percentage of LHFI0.39 %0.48 %0.47 %0.48 %0.46 %
Net charge-offs as a percentage of average LHFI0.51 0.60 0.59 0.55 0.58 0.55 %0.61 %
Allowance for loan and lease losses as a percentage of LHFI1.54 1.58 1.59 1.60 1.57 
Ratio of allowance for loan and lease losses to nonperforming LHFI3.9x3.3x3.4x3.3x3.4x
Average Balances
Assets$537,069 $531,630 $527,013 $519,415 $526,894 $534,365 $528,948 
Securities(3)
121,829 124,061 124,871 117,172 121,796 122,939 126,726 
Loans and leases 313,841 307,528 304,609 304,578 307,583 310,702 308,505 
Deposits400,483 392,204 390,042 384,344 388,042 396,366 388,550 
Common shareholders’ equity58,327 58,125 57,754 58,667 54,863 58,227 53,515 
Total shareholders’ equity64,235 64,033 64,295 65,341 61,677 64,135 60,344 
Period-End Balances
Assets$543,833 $535,899 $531,176 $523,434 $519,853 
Securities(3)
115,363 117,888 118,104 115,606 108,416 
Loans and leases 319,999 309,752 307,771 304,362 307,149 
Deposits406,122 403,736 390,524 387,778 385,411 
Common shareholders’ equity58,933 58,728 57,772 59,023 57,154 
Total shareholders’ equity64,840 64,635 63,679 65,696 63,827 
Capital and Liquidity Ratios(preliminary)
Common equity tier 111.0 %11.3 %11.5 %11.6 %11.6 %
Tier 112.3 12.7 12.9 13.2 13.2 
Total 14.3 14.7 15.0 15.3 15.4 
Leverage10.2 10.3 10.5 10.8 10.5 
Supplementary leverage8.5 8.7 8.8 9.1 8.9 
Liquidity coverage ratio110 111 109 112 110 
Applicable ratios are annualized.
(1)Represents a non-GAAP measure. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in this Quarterly Performance Summary or the appendix to Truist’s Second Quarter 2025 Earnings Presentation.
(2)This metric is calculated based on continuing operations.
(3)Includes AFS and HTM securities. Average balances reflect AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.
- 1 -

Consolidated Statements of Income
Quarter EndedYear-to-Date
June 30March 31Dec. 31Sept. 30June 30June 30June 30
(Dollars in millions, except per share data, shares in thousands)2025202520242024202420252024
Interest Income
Interest and fees on loans and leases$4,657 $4,493 $4,634 $4,852 $4,879 $9,150 $9,744 
Interest on securities961 975 994 869 838 1,936 1,643 
Interest on other earning assets536 520 551 631 634 1,056 1,148 
Total interest income6,154 5,988 6,179 6,352 6,351 12,142 12,535 
Interest Expense
Interest on deposits1,844 1,736 1,855 2,014 2,016 3,580 3,980 
Interest on long-term debt431 409 431 454 446 840 928 
Interest on other borrowings292 336 303 282 362 628 728 
Total interest expense2,567 2,481 2,589 2,750 2,824 5,048 5,636 
Net Interest Income3,587 3,507 3,590 3,602 3,527 7,094 6,899 
Provision for credit losses488 458 471 448 451 946 951 
Net Interest Income After Provision for Credit Losses3,099 3,049 3,119 3,154 3,076 6,148 5,948 
Noninterest Income
Wealth management income348 344 345 350 361 692 717 
Investment banking and trading income205 273 262 332 286 478 609 
Card and payment related fees232 220 231 222 230 452 454 
Service charges on deposits227 230 237 221 232 457 457 
Mortgage banking income107 108 117 106 112 215 209 
Lending related fees99 95 93 88 89 194 185 
Operating lease income47 53 47 49 50 100 109 
Securities gains (losses)(18)(1)(1)— (6,650)(19)(6,650)
Other income153 70 139 115 78 223 144 
Total noninterest income1,400 1,392 1,470 1,483 (5,212)2,792 (3,766)
Noninterest Expense
Personnel expense1,653 1,587 1,587 1,628 1,661 3,240 3,291 
Professional fees and outside processing373 364 415 336 308 737 586 
Software expense231 230 232 222 218 461 442 
Net occupancy expense179 163 179 157 160 342 320 
Equipment expense89 82 112 84 89 171 177 
Amortization of intangibles73 75 84 84 89 148 177 
Marketing and customer development82 75 74 75 63 157 119 
Operating lease depreciation33 35 36 34 34 68 74 
Regulatory costs55 69 56 51 85 124 237 
Restructuring charges28 38 11 25 33 66 84 
Other expense190 188 249 231 354 378 540 
Total noninterest expense2,986 2,906 3,035 2,927 3,094 5,892 6,047 
Earnings
Income (loss) before income taxes1,513 1,535 1,554 1,710 (5,230)3,048 (3,865)
Provision (benefit) for income taxes273 274 265 271 (1,324)547 (1,092)
Net income (loss) from continuing operations1,240 1,261 1,289 1,439 (3,906)2,501 (2,773)
Net income from discontinued operations— — (13)3 4,828 — 4,895 
Net income1,240 1,261 1,276 1,442 922 2,501 2,122 
Noncontrolling interests from discontinuing operations— — — — 19 — 22 
Preferred stock dividends and other60 104 60 106 77 164 183 
Net income available to common shareholders$1,180 $1,157 $1,216 $1,336 $826 $2,337 $1,917 
Earnings Per Common Share
Basic earnings from continuing operations$0.91 $0.88 $0.93 $1.00 $(2.98)$1.80 $(2.21)
Basic earnings0.91 0.88 0.92 1.00 0.62 $1.80 1.43 
Diluted earnings from continuing operations0.90 0.87 0.92 0.99 (2.98)1.78 (2.21)
Diluted earnings0.90 0.87 0.91 0.99 0.62 1.78 1.43 
Weighted Average Shares Outstanding
Basic1,292,292 1,307,457 1,317,017 1,334,212 1,338,149 1,299,833 1,336,620 
Diluted1,305,005 1,324,339 1,333,701 1,349,129 1,338,149 1,314,779 1,336,620 


- 2 -

Consolidated Ending Balance Sheets - Five Quarter Trend
June 30March 31Dec. 31Sept. 30June 30
(Dollars in millions)20252025202420242024
Assets
Cash and due from banks$5,157 $5,996 $5,793 $5,229 $5,204 
Interest-bearing deposits with banks36,294 36,175 33,975 34,411 35,675 
Securities borrowed or purchased under resale agreements 2,656 2,810 2,550 2,973 2,338 
Trading assets at fair value5,963 5,838 5,100 5,209 5,558 
Securities available for sale at fair value66,390 68,012 67,464 64,111 55,969 
Securities held to maturity at amortized cost48,973 49,876 50,640 51,495 52,447 
Loans and leases:
Commercial:
Commercial and industrial162,273 156,679 154,848 153,925 156,400 
CRE20,270 19,578 20,363 20,912 21,730 
Commercial construction8,277 8,766 8,520 7,980 7,787 
Consumer:
Residential mortgage57,828 56,099 55,599 53,963 54,344 
Home equity9,591 9,523 9,642 9,680 9,772 
Indirect auto24,558 23,628 23,089 22,508 21,994 
Other consumer31,122 29,537 29,395 29,282 28,677 
Credit card4,877 4,828 4,927 4,834 4,988 
Total loans and leases held for investment318,796 308,638 306,383 303,084 305,692 
Loans held for sale1,203 1,114 1,388 1,278 1,457 
Total loans and leases319,999 309,752 307,771 304,362 307,149 
Allowance for loan and lease losses(4,899)(4,870)(4,857)(4,842)(4,808)
Premises and equipment3,197 3,168 3,225 3,251 3,244 
Goodwill17,125 17,125 17,125 17,125 17,157 
Core deposit and other intangible assets1,399 1,473 1,550 1,635 1,729 
Loan servicing rights at fair value3,612 3,628 3,708 3,499 3,410 
Other assets37,967 36,916 37,132 34,976 34,781 
Total assets$543,833 $535,899 $531,176 $523,434 $519,853 
Liabilities
Deposits:
Noninterest-bearing deposits$106,442 $108,461 $107,451 $105,984 $107,310 
Interest checking118,122 118,043 109,042 109,493 102,654 
Money market and savings133,891 136,777 137,307 134,349 136,989 
Time deposits47,667 40,455 36,724 37,952 38,458 
Total deposits406,122 403,736 390,524 387,778 385,411 
Short-term borrowings16,631 23,730 29,205 20,859 22,816 
Long-term debt44,427 32,030 34,956 36,770 34,616 
Other liabilities11,813 11,768 12,812 12,331 13,183 
Total liabilities478,993 471,264 467,497 457,738 456,026 
Shareholders’ Equity:
Preferred stock5,907 5,907 5,907 6,673 6,673 
Common stock6,447 6,548 6,580 6,638 6,691 
Additional paid-in capital 34,620 35,178 35,628 36,020 36,364 
Retained earnings24,759 24,252 23,777 23,248 22,603 
Accumulated other comprehensive loss(6,893)(7,250)(8,213)(6,883)(8,504)
Total shareholders’ equity64,840 64,635 63,679 65,696 63,827 
Total liabilities and shareholders’ equity$543,833 $535,899 $531,176 $523,434 $519,853 
- 3 -

Average Balances and Rates - Quarters
 Quarter Ended
 June 30, 2025March 31, 2025December 31, 2024September 30, 2024June 30, 2024
(Dollars in millions)
Average Balances(1)
Income/ Expense(2)
Yields/ Rates(2)
Average Balances(1)
Income/ Expense(2)
Yields/ Rates(2)
Average Balances(1)
Income/ Expense(2)
Yields/ Rates(2)
Average Balances(1)
Income/ Expense(2)
Yields/ Rates(2)
Average Balances(1)
Income/ Expense(2)
Yields/ Rates(2)
Assets               
AFS and HTM securities at amortized cost:
U.S. Treasury$14,034 $181 5.20 %$14,867 $191 5.19 %$14,387 $196 5.40 %$12,986 $151 4.65 %$11,138 $101 3.66 %
U.S. government-sponsored entities (GSE)463 5 3.73 462 4 3.75 412 3 3.42 377 4 3.41 382 3 3.27 
Mortgage-backed securities issued by GSE106,947 772 2.89 108,345 777 2.87 109,644 792 2.89 103,374 711 2.75 108,358 720 2.66 
States and political subdivisions370 4 4.20 370 4 4.20 411 5 4.14 417 3 4.14 420 5 4.14 
Non-agency mortgage-backed— — — — — — — — — — — — 1,480 10 2.56 
Other15 — 4.53 17 — 4.72 17 — 5.16 18 1 5.18 18 — 5.29 
Total securities121,829 962 3.16 124,061 976 3.16 124,871 996 3.19 117,172 870 2.97 121,796 839 2.76 
Loans and leases:
Commercial:
Commercial and industrial158,491 2,262 5.72 155,214 2,184 5.70 153,209 2,293 5.95 154,102 2,482 6.41 157,043 2,550 6.53 
CRE19,687 308 6.22 19,832 302 6.12 20,504 337 6.47 21,481 373 6.88 21,969 381 6.93 
Commercial construction8,613 144 6.85 8,734 145 6.84 8,261 147 7.26 7,870 152 7.79 7,645 147 7.85 
Consumer:
Residential mortgage56,789 579 4.08 55,658 562 4.04 54,390 536 3.94 53,999 525 3.89 54,490 525 3.86 
Home equity9,586 178 7.47 9,569 177 7.48 9,675 189 7.78 9,703 196 8.04 9,805 195 8.02 
Indirect auto24,158 441 7.32 23,248 412 7.19 22,790 411 7.19 22,121 399 7.18 22,016 381 6.95 
Other consumer30,387 634 8.37 29,291 602 8.33 29,355 606 8.21 29,015 603 8.26 28,326 581 8.25 
Credit card4,890 139 11.35 4,849 138 11.60 4,926 143 11.54 4,874 150 12.20 4,905 148 12.14 
Total loans and leases held for investment312,601 4,685 6.01 306,395 4,522 5.97 303,110 4,662 6.12 303,165 4,880 6.41 306,199 4,908 6.44 
Loans held for sale1,240 19 6.15 1,133 17 5.93 1,499 21 5.87 1,413 24 6.49 1,384 22 6.56 
Total loans and leases313,841 4,704 6.01 307,528 4,539 5.97 304,609 4,683 6.12 304,578 4,904 6.41 307,583 4,930 6.44 
Interest earning trading assets5,896 88 5.98 5,628 80 5.72 5,462 79 5.86 5,454 84 6.05 5,515 84 6.11 
Other earning assets(3)
39,417 448 4.51 38,997 441 4.53 37,697 472 4.91 38,933 549 5.54 39,250 551 5.56 
Total earning assets480,983 6,202 5.16 476,214 6,036 5.12 472,639 6,230 5.25 466,137 6,407 5.47 474,144 6,404 5.42 
Nonearning assets56,086 55,416 54,374 53,278 50,109 
Assets of discontinued operations— — — — 2,641 
Total assets$537,069 $531,630 $527,013 $519,415 $526,894 
Liabilities and Shareholders’ Equity        
Interest-bearing deposits:      
Interest checking$116,193 726 2.51 $109,208 640 2.37 $107,075 679 2.52 $103,899 732 2.80 $103,894 707 2.74 
Money market and savings135,607 751 2.22 136,897 743 2.20 138,242 838 2.41 136,639 914 2.66 135,264 873 2.60 
Time deposits41,997 367 3.50 40,204 353 3.56 36,757 338 3.66 37,726 368 3.88 41,250 436 4.24 
Total interest-bearing deposits293,797 1,844 2.52 286,309 1,736 2.46 282,074 1,855 2.62 278,264 2,014 2.88 280,408 2,016 2.89 
Short-term borrowings26,241 292 4.47 30,332 336 4.49 25,006 303 4.81 20,781 282 5.41 26,016 362 5.58 
Long-term debt34,213 431 5.02 32,418 409 5.05 34,133 431 5.06 35,318 454 5.13 36,721 446 4.87 
Total interest-bearing liabilities354,251 2,567 2.91 349,059 2,481 2.88 341,213 2,589 3.02 334,363 2,750 3.27 343,145 2,824 3.31 
Noninterest-bearing deposits106,686 105,895 107,968 106,080 107,634 
Other liabilities11,897 12,643 13,537 13,631 13,318 
Liabilities of discontinued operations— — — — 1,120 
Shareholders’ equity64,235 64,033 64,295 65,341 61,677 
Total liabilities and shareholders’ equity$537,069 $531,630 $527,013 $519,415 $526,894 
Average interest-rate spread2.25 2.24 2.23 2.20 2.11 
Net interest income/ net interest margin - taxable equivalent$3,635 3.02 %$3,555 3.01 %$3,641 3.07 %$3,657 3.12 %$3,580 3.02 %
Taxable-equivalent adjustment48 48 51 55 53 
Net interest income$3,587 $3,507 $3,590 $3,602 $3,527 
Memo: Total deposits$400,483 1,844 1.85 %$392,204 1,736 1.79 %$390,042 1,855 1.89 %$384,344 2,014 2.08 %$388,042 2,016 2.09 %
(1)Represents daily average balances. Unrealized gains and losses on available-for-sale securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.
(2)Amounts are on a taxable-equivalent basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends.
(3)Includes cash equivalents, interest-bearing deposits with banks, FHLB stock, and other earning assets.

- 4 -

Average Balances and Rates - Year-To-Date
 Year-to-Date
 June 30, 2025June 30, 2024
(Dollars in millions)
Average Balances(1)
Income/Expense(2)
Yields/ Rates(2)
Average Balances(1)
Income/Expense(2)
Yields/ Rates(2)
Assets      
AFS and HTM securities at amortized cost:
U.S. Treasury$14,448 $372 5.19 %$10,496 $138 2.64 %
U.S. government-sponsored entities (GSE)462 9 3.74 385 6 3.34 
Mortgage-backed securities issued by GSE107,643 1,549 2.88 112,828 1,455 2.58 
States and political subdivisions370 8 4.20 420 9 4.14 
Non-agency mortgage-backed— — — 2,578 37 2.87 
Other16 — 4.63 19 — 5.32 
Total securities122,939 1,938 3.16 126,726 1,645 2.60 
Loans and leases:
Commercial:
Commercial and industrial156,861 4,446 5.71 157,714 5,122 6.53 
CRE19,759 610 6.17 22,185 770 6.94 
Commercial construction8,673 289 6.84 7,389 284 7.84 
Consumer:
Residential mortgage56,226 1,141 4.06 54,780 1,053 3.85 
Home equity9,578 355 7.47 9,868 391 7.97 
Indirect auto23,705 853 7.26 22,195 753 6.82 
Other consumer29,843 1,236 8.35 28,306 1,142 8.12 
Credit card4,870 277 11.47 4,913 294 12.05 
Total loans and leases held for investment309,515 9,207 5.99 307,350 9,809 6.41 
Loans held for sale1,187 36 6.04 1,155 37 6.49 
Total loans and leases310,702 9,243 5.99 308,505 9,846 6.41 
Interest earning trading assets5,763 168 5.85 5,180 163 6.29 
Other earning assets(3)
39,208 889 4.52 34,909 987 5.60 
Total earning assets478,612 12,238 5.14 475,320 12,641 5.33 
Nonearning assets55,753 48,516 
Assets of discontinued operations— 5,112 
Total assets$534,365 $528,948 
Liabilities and Shareholders’ Equity    
Interest-bearing deposits:
Interest checking$112,720 1,366 2.44 $103,716 1,391 2.70 
Money market and savings136,249 1,494 2.21 134,979 1,705 2.54 
Time deposits41,104 720 3.53 41,594 884 4.27 
Total interest-bearing deposits290,073 3,580 2.49 280,289 3,980 2.86 
Short-term borrowings28,275 628 4.48 26,123 728 5.60 
Long-term debt33,320 840 5.04 38,721 928 4.80 
Total interest-bearing liabilities351,668 5,048 2.89 345,133 5,636 3.28 
Noninterest-bearing deposits106,293 108,261 
Other liabilities12,269 13,101 
Liabilities of discontinued operations— 2,109 
Shareholders’ equity64,135 60,344 
Total liabilities and shareholders’ equity$534,365 $528,948 
Average interest-rate spread2.25 2.05 
Net interest income/ net interest margin - taxable equivalent$7,190 3.02 %$7,005 2.95 %
Taxable-equivalent adjustment96 106 
Net interest income$7,094 $6,899 
Memo: Total deposits$396,366 3,580 1.82 %$388,550 3,980 2.06 %
(1)Represents daily average balances. Unrealized gains and losses on available-for-sale securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities.
(2)Amounts are on a taxable-equivalent basis, which represents a non-GAAP measure, utilizing the federal income tax rate of 21% for the periods presented. Interest income includes certain fees, deferred costs, and dividends.
(3)Includes cash equivalents, interest-bearing deposits with banks, FHLB stock, and other earning assets.
- 5 -

Credit Quality
 June 30March 31Dec. 31Sept. 30June 30
(Dollars in millions)20252025202420242024
Nonperforming Assets     
Nonaccrual loans and leases:     
Commercial:     
Commercial and industrial$520 $586 $521 $575 $459 
CRE128 294 298 302 360 
Commercial construction1 2 3 1 — 
Consumer:
Residential mortgage191 179 166 156 161 
Home equity107 114 116 118 123 
Indirect auto240 248 259 252 244 
Other consumer64 65 66 63 64 
Total nonaccrual loans and leases held for investment1,251 1,488 1,429 1,467 1,411 
Loans held for sale12 77 — 5 9 
Total nonaccrual loans and leases1,263 1,565 1,429 1,472 1,420 
Foreclosed real estate4 4 3 3 5 
Other foreclosed property49 49 45 53 51 
Total nonperforming assets$1,316 $1,618 $1,477 $1,528 $1,476 
Loans 90 Days or More Past Due and Still Accruing
Commercial:
Commercial and industrial$2 $5 $19 $5 $8 
CRE— — 1 — — 
Commercial construction— — — — 1 
Consumer:
Residential mortgage - government guaranteed424 468 430 394 375 
Residential mortgage - nonguaranteed41 62 51 39 27 
Home equity6 6 9 7 7 
Indirect auto— — — — 1 
Other consumer24 23 23 22 19 
Credit card49 52 54 51 51 
Total loans 90 days past due and still accruing$546 $616 $587 $518 $489 
Loans 30-89 Days Past Due
Commercial:
Commercial and industrial$122 $118 $168 $116 $109 
CRE34 12 60 10 8 
Commercial construction15 — 3 4 — 
Consumer:
Residential mortgage - government guaranteed330 284 318 305 340 
Residential mortgage - nonguaranteed365 347 401 366 392 
Home equity54 57 60 63 58 
Indirect auto582 484 622 596 592 
Other consumer239 246 236 233 214 
Credit card70 71 81 76 78 
Total loans 30-89 days past due $1,811 $1,619 $1,949 $1,769 $1,791 

- 6 -

As of/For the Quarter Ended
 June 30March 31Dec. 31Sept. 30June 30
 20252025202420242024
Asset Quality Ratios     
Loans 30-89 days past due and still accruing as a percentage of loans and leases0.57 %0.52 %0.64 %0.58 %0.59 %
Loans 90 days or more past due and still accruing as a percentage of loans and leases0.17 0.20 0.19 0.17 0.16 
Nonperforming loans and leases as a percentage of loans and leases0.39 0.48 0.47 0.48 0.46 
Nonperforming loans and leases as a percentage of loans and leases(1)
0.39 0.51 0.46 0.48 0.46 
Nonperforming assets as a percentage of:
Total assets(1)
0.24 0.30 0.28 0.29 0.28 
Loans and leases plus foreclosed property0.41 0.50 0.48 0.50 0.48 
Net charge-offs as a percentage of average loans and leases0.51 0.60 0.59 0.55 0.58 
Allowance for loan and lease losses as a percentage of loans and leases1.54 1.58 1.59 1.60 1.57 
Ratio of allowance for loan and lease losses to:
Net charge-offs3.1X2.6X2.7X2.9X2.7X
Nonperforming loans and leases3.9X3.3X3.4X3.3X3.4X
Asset Quality Ratios (Excluding Government Guaranteed)
Loans 90 days or more past due and still accruing as a percentage of loans and leases0.04 %0.05 %0.05 %0.04 %0.04 %
Applicable ratios are annualized.
(1)Includes loans held for sale.
    As of/For the Year-to-Date
    Period Ended June 30
    20252024
Asset Quality Ratios     
Net charge-offs as a percentage of average loans and leases   0.55 %0.61 %
Ratio of allowance for loan and lease losses to net charge-offs   2.9X2.6X
Applicable ratios are annualized.

- 7 -

As of/For the Quarter EndedAs of/For the Year-to-Date
 June 30March 31Dec. 31Sept. 30June 30Period Ended June 30
(Dollars in millions)2025202520242024202420252024
Allowance for Credit Losses     
Beginning balance$5,166 $5,161 $5,140 $5,110 $5,100 $5,161 $5,093 
Provision for credit losses488 458 471 448 451 946 951 
Charge-offs:
Commercial:
Commercial and industrial(120)(102)(119)(96)(83)(222)(180)
CRE(38)(70)(51)(65)(97)(108)(200)
Consumer:
Residential mortgage(1)(1)(1)— (1)(2)(2)
Home equity(4)(2)(2)(1)(3)(6)(6)
Indirect auto(127)(154)(158)(143)(136)(281)(290)
Other consumer(146)(154)(148)(152)(141)(300)(306)
Credit card(70)(74)(74)(71)(74)(144)(151)
Total charge-offs(506)(557)(553)(528)(535)(1,063)(1,135)
Recoveries:       
Commercial:       
Commercial and industrial31 24 15 26 14 55 46 
CRE3 7 17 5 5 10 12 
Commercial construction1 — — 1 1 1 1 
Consumer:
Residential mortgage— 2 2 1 2 2 3 
Home equity4 4 3 4 4 8 9 
Indirect auto28 25 24 38 30 53 58 
Other consumer31 30 28 26 28 61 56 
Credit card12 11 11 9 9 23 18 
Total recoveries110 103 100 110 93 213 203 
Net charge-offs(396)(454)(453)(418)(442)(850)(932)
Other(5)1 3 — 1 (4)(2)
Ending balance$5,253 $5,166 $5,161 $5,140 $5,110 $5,253 $5,110 
Allowance for Credit Losses:     
Allowance for loan and lease losses$4,899 $4,870 $4,857 $4,842 $4,808 
Reserve for unfunded lending commitments (RUFC)354 296 304 298 302 
Allowance for credit losses$5,253 $5,166 $5,161 $5,140 $5,110 

Quarter EndedAs of/For the Year-to-Date
 June 30March 31Dec. 31Sept. 30June 30Period Ended June 30
 2025202520242024202420252024
Net Charge-offs as a Percentage of Average Loans and Leases:
Commercial:     
Commercial and industrial0.22 %0.20 %0.27 %0.18 %0.18 %0.21 %0.17 %
CRE0.71 1.29 0.66 1.12 1.67 1.00 1.70 
Commercial construction(0.02)(0.02)(0.02)(0.01)(0.05)(0.02)(0.04)
Consumer:
Residential mortgage— — (0.01)(0.01)(0.01)— — 
Home equity(0.04)(0.07)(0.07)(0.11)(0.03)(0.05)(0.06)
Indirect auto1.63 2.26 2.33 1.89 1.94 1.94 2.10 
Other consumer1.54 1.71 1.63 1.73 1.60 1.62 1.78 
Credit card4.84 5.21 5.10 5.04 5.33 5.02 5.44 
Total loans and leases0.51 0.60 0.59 0.55 0.58 0.55 0.61 
Applicable ratios are annualized. 

- 8 -

Segment Financial Performance - Preliminary
Quarter Ended
June 30March 31Dec. 31Sept. 30June 30
(Dollars in millions)20252025202420242024
Consumer and Small Business Banking
Net interest income (expense)$1,488 $1,427 $1,390 $1,346 $1,291 
Net intersegment interest income (expense) 871 858 1,106 1,184 1,216 
Segment net interest income (expense)2,359 2,285 2,496 2,530 2,507 
Allocated provision for credit losses384 328 347 353 308 
Noninterest income519 503 535 506 504 
Personnel expense409 408 406 398 417 
Amortization of intangibles39 39 45 45 45 
Restructuring charges1 — 1 1 1 
Other direct noninterest expense281 275 308 298 265 
Direct noninterest expense730 722 760 742 728 
Expense allocations970 941 981 920 934 
Total noninterest expense1,700 1,663 1,741 1,662 1,662 
Income (loss) before income taxes794 797 943 1,021 1,041 
Provision (benefit) for income taxes193 194 226 245 250 
Segment net income (loss)$601 $603 $717 $776 $791 
Wholesale Banking
Net interest income (expense)$1,880 $1,892 $1,976 $2,103 $2,182 
Net intersegment interest income (expense) (219)(299)(376)(516)(559)
Segment net interest income (expense)1,661 1,593 1,600 1,587 1,623 
Allocated provision for credit losses104 131 123 96 142 
Noninterest income942 949 1,038 1,047 986 
Personnel expense559 548 553 569 586 
Amortization of intangibles35 36 39 39 41 
Restructuring charges7 1 4 9 8 
Other direct noninterest expense200 192 206 182 186 
Direct noninterest expense801 777 802 799 821 
Expense allocations526 525 497 437 447 
Total noninterest expense1,327 1,302 1,299 1,236 1,268 
Income (loss) before income taxes1,172 1,109 1,216 1,302 1,199 
Provision (benefit) for income taxes236 223 241 260 239 
Segment net income (loss)$936 $886 $975 $1,042 $960 
Other, Treasury & Corporate(1)
Net interest income (expense)$219 $188 $224 $153 $54 
Net intersegment interest income (expense) (652)(559)(730)(668)(657)
Segment net interest income (expense)(433)(371)(506)(515)(603)
Allocated provision for credit losses— (1)1 (1)1 
Noninterest income(61)(60)(103)(70)(6,702)
Personnel expense685 631 628 661 658 
Amortization of intangibles(1)— — — 3 
Restructuring charges20 37 6 15 24 
Other direct noninterest expense751 739 839 710 860 
Direct Noninterest Expense1,455 1,407 1,473 1,386 1,545 
Expense Allocations(1,496)(1,466)(1,478)(1,357)(1,381)
Total noninterest expense(41)(59)(5)29 164 
Income (loss) before income taxes(453)(371)(605)(613)(7,470)
Provision (benefit) for income taxes(156)(143)(202)(234)(1,813)
Segment net income (loss)$(297)$(228)$(403)$(379)$(5,657)
Total Truist Financial Corporation
Net interest income (expense)$3,587 $3,507 $3,590 $3,602 $3,527 
Net intersegment interest income (expense) — — — — — 
Segment net interest income (expense)3,587 3,507 3,590 3,602 3,527 
Allocated provision for credit losses488 458 471 448 451 
Noninterest income1,400 1,392 1,470 1,483 (5,212)
Personnel expense1,653 1,587 1,587 1,628 1,661 
Amortization of intangibles73 75 84 84 89 
Restructuring charges28 38 11 25 33 
Other direct noninterest expense1,232 1,206 1,353 1,190 1,311 
Direct Noninterest Expense2,986 2,906 3,035 2,927 3,094 
Expense Allocations— — — — — 
Total noninterest expense2,986 2,906 3,035 2,927 3,094 
Income (loss) before income taxes1,513 1,535 1,554 1,710 (5,230)
Provision (benefit) for income taxes273 274 265 271 (1,324)
Net income (loss) from continuing operations$1,240 $1,261 $1,289 $1,439 $(3,906)
(1)Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.
- 9 -

Capital Information - Five Quarter Trend
 As of/For the Quarter Ended
 June 30March 31Dec. 31Sept. 30June 30
(Dollars in millions, except per share data, shares in thousands)20252025202420242024
Selected Capital Information(preliminary)    
Risk-based capital:     
Common equity tier 1$47,678 $47,767 $48,225 $48,076 $47,706 
Tier 153,582 53,671 54,128 54,746 54,376 
Total62,119 62,349 62,583 63,349 63,345 
Risk-weighted assets434,892 424,059 418,337 414,828 412,607 
Average quarterly assets for leverage ratio525,566 519,981 515,830 508,280 519,467 
Average quarterly assets for supplementary leverage ratio628,266 619,992 612,764 600,000 608,627 
Risk-based capital ratios:
Common equity tier 111.0 %11.3 %11.5 %11.6 %11.6 %
Tier 112.3 12.7 12.9 13.2 13.2 
Total14.3 14.7 15.0 15.3 15.4 
Leverage capital ratio10.2 10.3 10.5 10.8 10.5 
Supplementary leverage8.5 8.7 8.8 9.1 8.9 
Common equity per common share$45.70 $44.85 $43.90 $44.46 $42.71 
June 30March 31Dec. 31Sept. 30June 30
(Dollars in millions, except per share data, shares in thousands)20252025202420242024
Calculations of Tangible Common Equity and Related Measures:(1)
Total shareholders’ equity$64,840 $64,635 $63,679 $65,696 $63,827 
Less:
Preferred stock5,907 5,907 5,907 6,673 6,673 
Intangible assets, net of deferred taxes (including discontinued operations)18,143 18,203 18,274 18,350 18,471 
Tangible common equity$40,790 $40,525 $39,498 $40,673 $38,683 
Outstanding shares at end of period (in thousands)1,289,435 1,309,539 1,315,936 1,327,521 1,338,223 
Tangible common equity per common share$31.63 $30.95 $30.01 $30.64 $28.91 
Total assets$543,833 $535,899 $531,176 $523,434 $519,853 
Less: Intangible assets, net of deferred taxes (including discontinued operations prior to the sale of TIH)18,143 18,203 18,274 18,350 18,471 
Tangible assets$525,690 $517,696 $512,902 $505,084 $501,382 
Equity as a percentage of total assets11.9 %12.1 %12.0 %12.6 %12.3 %
Tangible common equity as a percentage of tangible assets7.8 7.8 7.7 8.1 7.7 
(1)Tangible common equity is a non-GAAP measure that excludes the impact of intangible assets, net of deferred taxes. This measure is useful for evaluating the performance of a business consistently, whether acquired or developed internally. Truist’s management uses this measure to assess balance sheet risk and shareholder value. These measures are not necessarily comparable to similar measures that may be presented by other companies.

- 10 -

Selected Mortgage Banking Information & Additional Information
 As of/For the Quarter Ended
June 30March 31Dec. 31Sept. 30June 30
(Dollars in millions, except per share data)20252025202420242024
Mortgage Banking Income
Residential mortgage income:
Residential mortgage production revenue$25 $19 $25 $25 $24 
Residential mortgage servicing income:
Residential mortgage servicing income before MSR valuation72 87 83 80 72 
Net MSRs valuation1 (4)(5)(7)(12)
Total residential mortgage servicing income73 83 78 73 60 
Total residential mortgage income98 102 103 98 84 
Commercial mortgage income:
Commercial mortgage production revenue6 2 12 6 4 
Commercial mortgage servicing income:
Commercial mortgage servicing income before MSR valuation3 4 4 3 7 
Net MSRs valuation— — (2)(1)17 
Total commercial mortgage servicing income3 4 2 2 24 
Total commercial mortgage income9 6 14 8 28 
Total mortgage banking income$107 $108 $117 $106 $112 
Other Mortgage Banking Information
Residential mortgage loan originations$5,855 $3,626 $4,745 $3,726 $3,881 
Residential mortgage servicing portfolio:(1)
     
Loans serviced for others213,002 216,148 218,475 221,143 208,270 
Bank-owned loans serviced57,748 55,120 54,937 54,281 54,903 
Total servicing portfolio270,750 271,268 273,412 275,424 263,173 
Weighted-average coupon rate on mortgage loans serviced for others3.70 %3.68 %3.65 %3.62 %3.63 %
Weighted-average servicing fee on mortgage loans serviced for others0.28 0.28 0.28 0.28 0.28 
Additional Information
Brokered deposits(2)
$30,008 $27,585 $28,085 $27,671 $27,384 
NQDCP income (expense):(3)
Interest income$— $— $4 $1 $— 
Other income21 (6)(2)12 4 
Personnel expense(21)6 (2)(13)(4)
Total NQDCP income (expense) $— $— $— $— $— 
Common stock prices:
High$43.25 $48.53 $49.06 $45.31 $40.51 
Low33.56 39.41 41.08 37.85 35.09 
End of period42.99 41.15 43.38 42.77 38.85 
Banking offices1,927 1,928 1,928 1,930 1,930 
ATMs2,847 2,861 2,901 2,928 2,942 
FTEs(4)
37,996 37,529 37,661 37,867 41,368 
FTEs - continuing operations(4)
37,996 37,529 37,661 37,867 38,140 
(1)Amounts reported are unpaid principal balance.
(2)Amounts represented in interest checking, money market and savings, and time deposits.
(3)Relates to plans where Truist holds assets in proportion to participant elections.
(4)FTEs represents an average for the quarter.
- 11 -


Selected Items(1)
 Favorable (Unfavorable)
(Dollars in millions, except per share data)
Description		Pre-TaxAfter-Tax at Marginal Rate
Impact to Diluted EPS(2)
Selected Items
Second Quarter 2025
Restructuring charges$(28)$(21)$(0.02)
Loss on sale of securities (securities gains (losses))(18)(13)(0.01)
First Quarter 2025
Restructuring charges$(38)$(29)$(0.02)
Fourth Quarter 2024
Restructuring charges$(11)$(9)$(0.01)
FDIC special assessment (regulatory costs)8 6 — 
Third Quarter 2024
Gain on sale of TIH (net income from discontinued operations)$36 $16 $0.01 
Restructuring charges(25)(19)(0.01)
FDIC special assessment (regulatory costs)16 13 0.01 
Second Quarter 2024
Gain on sale of TIH (net income from discontinued operations)$6,903 $4,814 $3.60 
Loss on sale of securities (securities gains (losses))(6,650)(5,089)(3.80)
Charitable contribution (other expense)(150)(115)(0.09)
Restructuring charges ($33 million in restructuring charges and $63 million in net income from discontinued operations)(96)(73)(0.05)
FDIC special assessment (regulatory costs)(13)(11)(0.01)
Accelerated recognition of TIH equity compensation expense (net income from discontinued operations)
(10)(8)(0.01)
First Quarter 2024
Accelerated recognition of TIH equity compensation expense (net income from discontinued operations)
$(89)$(68)$(0.05)
FDIC special assessment (regulatory costs)(75)(57)(0.04)
Restructuring charges ($51 million in restructuring charges and $19 million in net income from discontinued operations)(70)(53)(0.04)
(1)Includes certain selected items from the consolidated statements of income. A reconciliation of non-GAAP measures is included in the appendix to Truist’s Second Quarter 2025 Earnings Presentation.
(2)Diluted EPS impact for individual items may not foot to difference between GAAP diluted and adjusted EPS due to rounding.
- 12 -