Company Reports

Truist’s business is primarily in retail and wholesale banking, following the sale of its insurance brokerage business unit in 2024. While this divestiture provided the bank with excess capital to reposition some of its lower-yield securities and for share buybacks, we appreciated the capital-light and less cyclical fee income stream, which historically provided a nice boost to the bank’s return on equity profile.

Truist announced that the firm has agreed to sell an auto portfolio of $5.5 billion under Regional Acceptance Corporation, in a deal expected to close in the late third quarter or early fourth quarter. Shares traded up by low single digits following the announcement.

Truist’s business is primarily in retail and wholesale banking, following the sale of its insurance brokerage business unit in 2024. While this divestiture provided the bank with excess capital to reposition some of its lower-yield securities and for share buybacks, we appreciated the capital-light and less cyclical fee income stream, which historically provided a nice boost to the bank’s return on equity profile.

Truist's strong fee performance of 17.4% year-over-year growth helped its top-line growth in the second quarter. Alongside earnings, the bank raised its 2026 fee income growth target to 10% from the prior high-single-digit growth but lowered net interest income guidance by 1.25% at the midpoint.

The Federal Reserve released its annual stress test results on June 24. With stronger results than last year, albeit in a less severe scenario, shares of the 32 tested banks generally traded upward, though the movement was muted.

On June 15, Truist announced that Michael Lyons will join as CEO effective Sept. 1, 2026. Lyons is currently CEO of Fiserv. Current Truist CEO Bill Rogers will transition to executive chair on Sept. 1 and retire in April 2027.

Truist’s business is primarily retail and wholesale banking after the sale of its insurance brokerage business unit in 2024. While this divestiture provided the bank with excess capital to reposition some of its lower-yield securities and for share buybacks, we appreciated the capital-light and less cyclical fee income stream, which historically provided a nice boost to the bank’s return on equity profile.

Truist’s business is mostly retail and wholesale banking after the sale of its insurance brokerage business unit in 2024. While this divestiture provided the bank with excess capital to reposition some of its lower-yield securities and for share buybacks, we appreciated the capital-light and less cyclical fee income stream, which historically provided a nice boost to the bank’s return on equity profile.

Truist Financial's strong fee income growth of 11.6% year over year helped top-line growth in the first quarter. The bank raised its fee income growth guidance for 2026 to high single digits from mid- to high single digits but lowered net interest income guidance by 1% at the midpoint.

The Federal Reserve released its long-awaited proposals for a few key regulatory measures, including adopting the global Basel III endgame standards and revising the surplus capital that global systemically important banks must hold.

Shares of US banks traded down by low-to-mid single digits on Feb. 23, mostly due to macro concerns stemming from tariff uncertainty, possible credit losses from an increase in the unemployment rate driven by artificial intelligence disruption, and private credit-related exposure.

Truist’s business is mostly retail and wholesale banking after the sale of its insurance brokerage business unit in 2024. While this divestiture provided the bank with excess capital to reposition some of its lower-yield securities and for share buybacks, we appreciated the capital-light and less cyclical fee income stream, which historically provided a nice boost to the bank’s return on equity profile.

Truist's strong investment banking fee year-over-year growth of 28% helped its top-line growth in fourth-quarter 2025. Full-year 2025 results translated into a return on the tangible common equity ratio of 12.7%. The bank expects mid-single-digit to high-single-digit growth in 2026 fees.

The Federal Reserve released a new proposal for the bank stress-test framework and 2026 stress-test scenarios on Oct. 24.

Truist reported OK results in the third quarter, with fee income growing 5% annually. Reported earnings per share came in at $1.04, up 5% compared with the prior-year quarter. The results translate into a return on a tangible common equity ratio of 13.6%.

We are transferring coverage of Truist Financial to a new analyst. The super-regional bank comes from the merger between BB&T and SunTrust in 2019, with its footprint largely concentrated in the US Mid-Atlantic and Southeast regions.

Truist’s business is mostly retail and wholesale banking after the sale of its insurance brokerage business unit in 2024. While this divestiture provided the bank with capital to reposition some of its lower-yield securities, we appreciated the capital-light and less cyclical fee income stream, which historically provided a nice boost to the bank’s return on equity profile.

Truist is one of the larger regional banks in the US and its presence is largely concentrated in the east and southeast. Truist has many of the typical offerings of a bank, including retail and commercial banking, however, it also has some more unique parts as well, including a sizable investment banking unit, wealth and advisory services, and its LightStream digital lending platform.

Truist Financial reported adjusted second-quarter EPS of $0.91, up from $0.87 in the first quarter and flat from the year-ago period. Net interest income of $3.64 billion was up 2% year over year.

The Federal Reserve released its annual stress test results on Friday, June 27. With significantly stronger results compared with a year ago, the shares of the 22 tested institutions traded slightly higher in after hours trading.