Truist Q3 2026: GAAP EPS $0.56, adjusted $1.16 after $1.4B securities cleanup
Truist's third quarter of 2026 looks ugly at the top and fine underneath. Revenue fell to $3.75 billion and GAAP EPS to $0.56, but $1.45 billion of securities losses and RAC loan-sale charges did the damage; adjusted EPS of $1.16 beat the $1.1183 consensus. Read the GAAP lines as a deliberate balance-sheet reset, and the adjusted lines as the run-rate business.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $0.56 against $1.04 a year ago, hit by $0.90 per share of securities losses and $0.36 per share of RAC-related items. Adjusted diluted EPS of $1.16 came in above the $1.1183 consensus, a 3.7% beat, and was up 11.5% from $1.04 a year earlier. The gap between $0.56 and $1.16 is almost entirely the cost of repositioning the securities portfolio and exiting RAC loans.
Total revenue fell 27.8% to $3.75 billion from $5.19 billion a year ago, but $1.45 billion of that gap is securities losses taken in the quarter. Strip those out plus a $66 million RAC loan-sale loss and adjusted revenue - TE was $5.3 billion, which the release calls stable. Net interest income of $3.66 billion rose 1.1% on the prior quarter, with NIM - TE at 3.00%.
Log in to read 35 analyses a week for free
Create a free account to read 35 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.