Truist Financial Corporation Q2 2025 Results

Truist Financial Corporation, a leading financial services company headquartered in Charlotte, North Carolina, has released its financial results for the second quarter of 2025. The company, which offers a wide range of products and services through its wholesale and consumer businesses, reported solid performance metrics and strategic initiatives aimed at sustaining growth and shareholder value.

Financial Highlights

For the second quarter of 2025, Truist reported net income available to common shareholders of $1.2 billion, translating to $0.90 per diluted share. The company's total taxable-equivalent (TE) revenues increased by 1.8%, with TE net interest income rising by 2.3%. The net interest margin saw a slight increase of one basis point to 3.02%. Noninterest income was up by 0.6%, primarily driven by higher other income, despite a decline in investment banking and trading income. Noninterest expense rose by 2.8%, largely due to higher personnel expenses.

Business and Operational Highlights

Truist's average loans and leases held for investment (HFI) increased by 2.0%, with notable growth in the commercial and industrial, residential mortgage, other consumer, and indirect auto portfolios. End-of-period loans and leases HFI stood at $318.8 billion, up by 3.3%. Average deposits also saw a 2.1% increase, driven by higher interest checking and time deposits, although there was a decline in money market and savings accounts.

Strategic Initiatives and Corporate Developments

During the quarter, Truist repurchased $750 million in common shares, resulting in a dividend and total payout ratio of 57% and 121%, respectively. The company's Common Equity Tier 1 (CET1) ratio was 11.0%, reflecting a strong capital position. Additionally, Truist received a preliminary Stress Capital Buffer (SCB) requirement of 2.5%, down 30 basis points from the previous year.

Management's Perspective

Bill Rogers, Truist Chairman & CEO, commented on the results, stating, "We delivered strong second-quarter results, driven by strategic loan growth and higher net interest income derived from continued strong production from our business. Our performance reflects the value of our client-centric business model and momentum in our strategy, as we see tangible results from investments we have made in talent and technology across our platforms."

Future Outlook

Truist remains focused on achieving its annual expense growth target while continuing to invest in talent and technology. The company expects to maintain strong asset quality and capital levels, supporting both growth initiatives and capital returns to shareholders.

SEC Filing: TRUIST FINANCIAL CORP [ TFC ] - 8-K - Jul. 18, 2025