Truist Q3 2026 earnings: adjusted EPS $1.16; GAAP EPS $0.56 after securities loss; LightStream sale to Carlyle

Truist’s headline earnings were pulled down by a large securities loss tied to balance-sheet cleanup, while adjusted results and a fresh agreement to sell LightStream loans framed the strategic story.

The Charlotte-based bank reported net income available to common shareholders of $0.68 billion, or $0.56 per diluted share, for the third quarter of 2026, according to its earnings release Friday. Adjusted net income available to common shareholders was $1.42 billion, or $1.16 per diluted share, up 12% from $1.04 a year earlier. Adjusted ROTCE was 14.6%.

Reported results reflect completion of the Regional Acceptance Corporation loan sale and a subsequent available-for-sale securities repositioning. Adjusted figures exclude a $1.4 billion pre-tax, or $0.90 per share, loss on the sale of AFS securities, plus a $581 million pre-tax ($0.36 per share) loan-loss reserve recapture and $106 million pre-tax ($0.06 per share) of other impacts tied to the RAC sale, the company said.

Separately, Truist said it signed an agreement on Oct. 14, 2026, to sell $7.7 billion of unsecured consumer loans — substantially all assets of LightStream, its unsecured lending platform — to Carlyle Group Inc.

Net interest income on a taxable-equivalent basis was $3.71 billion, up 1.1% from the second quarter, and the taxable-equivalent net interest margin widened two basis points to 3.00%. Adjusted revenue on a TE basis was about $5.3 billion and was described as stable. Noninterest income was depressed by the RAC and AFS securities losses, partly offset by what the bank called record quarterly wealth-management income.

End-of-period loans and leases held for investment were $323.9 billion, down $5.9 billion, of which $5.5 billion was due to the RAC sale. End-of-period deposits were $413.2 billion, up $3.9 billion, or 0.9%. The net charge-off ratio was 0.77%, including 39 basis points related to RAC. The allowance for loan and lease losses ratio fell to 1.25%. Preliminary CET1 was 10.7%.

President and CEO Mike Lyons said in the release that the quarter’s actions “strengthen our risk, liquidity, and funding profile and create greater capacity to invest in our best businesses.”

By the numbers

• Diluted EPS: $0.56; adjusted diluted EPS: $1.16 (+12% YoY)
• Adjusted net income to common: $1.42 billion; adjusted ROTCE: 14.6%
• NII (TE): $3.71 billion; NIM (TE): 3.00%
• AFS securities loss (pre-tax): $1.4 billion ($0.90/share)
• LightStream: agreed sale of $7.7 billion unsecured loans to Carlyle
• CET1 (preliminary): 10.7%; EOP deposits: $413.2 billion

Sources

1. Truist Financial Corporation, Form 8-K (Items 2.02, 9.01), filed Oct. 16, 2026, accession 0000092230-26-000108
2. Truist Financial Corporation, earnings release (Exhibit 99.1), Oct. 16, 2026

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