Truist Financial Corporation reported adjusted earnings per share of $1.12 for the quarter ended December 31, 2025, surpassing the consensus estimate of $1.09 and up from $0.91 a year earlier. Net income available to common shareholders totaled $1.35 billion, reflecting a 23% year-over-year increase. Total revenue reached $5.30 billion, slightly above consensus forecasts and representing a 4.7% rise compared with fourth-quarter 2024.

Net interest income increased 1.9% sequentially to $3.75 billion, driven by loan portfolio expansion and a six-basis-point uptick in net interest margin to 3.07%. Average loans held for investment grew by $4.3 billion, or 1.3%, with broad-based growth across commercial and consumer segments. Deposit balances rose 0.8% sequentially, supporting balance sheet stability despite ongoing market competition for funding.

Operating expenses rose 5.5% year-over-year, primarily due to $130 million in legal accruals and $63 million in severance charges associated with efficiency initiatives. The provision for credit losses increased by $45 million compared with the year-ago quarter, reflecting elevated reserves against potential charge-offs. Despite higher expenses, the efficiency ratio remained near 58%, in line with peer averages.

Truist reiterated plans for $4 billion in share repurchases for 2026 and declared a quarterly dividend yielding 4.2%. The bank’s CET1 capital ratio stood at 10.8% at quarter end, comfortably above regulatory requirements. With low exposure to commercial real estate and robust liquidity coverage, management highlighted ample capacity to support loan growth and shareholder distributions throughout the coming year.