Truist Financial reported stronger second-quarter 2026 results, with net income rising to US$1,553 million and diluted earnings per share from continuing operations increasing to US$1.23. The bank executed US$1,200 million of share repurchases, retiring about 1.96% of its shares during the quarter as part of a broader US$5 billion buyback plan. Truist also announced a deliberate shift toward higher-quality commercial lending while winding down select consumer loan portfolios, aiming to improve profitability and capital efficiency ahead of a CEO transition in September.
Truist Financial CorpTruist reported stronger Q2 earnings and a $1.2 billion buyback, both positive capital actions.