Quarterly ResultJul 17, 2026, 06:41 AM
Truist Q2 EPS $1.23, up 37%; Net Income $1.5B; Mike Lyons to be CEO
AI Summary
Truist Financial Corporation reported strong second-quarter 2026 results, with diluted EPS increasing 37% year-over-year to $1.23 and net income available to common shareholders reaching $1.5 billion. Total revenue on a taxable-equivalent basis rose 2.2% quarter-over-quarter to $5.31 billion, driven by higher fee income. The company also announced that Mike Lyons will become its next CEO in September, succeeding Bill Rogers. Truist continued to return capital to shareholders through $1.2 billion in share repurchases and a $0.52 per share dividend.
Key Highlights
- Diluted EPS was $1.23, an increase of 37% compared to 2Q25.
- Net income available to common shareholders reached $1.5 billion.
- Total revenue - TE increased 2.2% QoQ to $5.31 billion.
- Average loans and leases HFI grew 0.7% QoQ to $329.2 billion.
- Average deposits increased 1.5% QoQ to $404.9 billion.
- Repurchased $1.2 billion of common shares during the quarter.
- Declared common dividends of $0.52 per share.
- Mike Lyons announced as the next CEO, effective September.
Price Impact
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