Truist reports Q3 2026 results with adjusted EPS $1.16 and strategic loan‑sale actions
Truist Financial Corp released its third‑quarter 2026 earnings on Oct. 16, 2026. Adjusted diluted EPS was $1.16, up 12% YoY, while GAAP EPS was $0.56. The quarter featured the sale of the $5.5 billion Regional Acceptance Corporation loan portfolio and a pending $7.7 billion LightStream loan sale to Carlyle, actions that lowered reported revenue to $3.79 billion, below estimates. CEO Mike Lyons said the moves simplify the business and strengthen capital and credit quality.
Why it matters
The adjusted EPS beat analysts’ expectations, supporting a higher valuation for TFC, while the revenue miss may pressure the stock in the short term (shares fell 2.5% pre‑market). The loan‑sale proceeds improve capital ratios and reduce charge‑offs, which could enhance future profitability.
Key facts
- 1Adjusted diluted EPS was $1.16, up 12% YoY. sec.gov
- 2GAAP diluted EPS was $0.56. sec.gov
- 3Total revenue on a taxable‑equivalent basis was $3.79 billion. tradingview.com
- 4Net income was $0.80 billion. tradingview.com
- 5Truist sold its $5.5 billion RAC auto‑loan portfolio for $5.2 billion. investing.com
- 6Truist signed an agreement on Oct. 14, 2026, to sell $7.7 billion of LightStream unsecured loans to Carlyle. sec.gov
Summary written by AlphAI AI Desk from 16 of 16 sources. Not investment advice. Figures are as stated by the linked sources.