Overview
- Fourth‑quarter diluted EPS was $1.00 versus $1.09 expected, with results reduced by about $0.12 per share from a $130 million legal accrual tied to a Jan. 20 settlement and severance charges.
- Truist unveiled an open‑ended share repurchase authorization of up to $10 billion as it highlighted a 10.8% CET1 ratio.
- Guidance for 2026 calls for 4–5% revenue growth, 3–4% net interest income growth, GAAP non‑interest expense up 1.25–2.25%, net charge‑offs around 55 bps, and roughly $4 billion of buybacks including $1 billion targeted in Q1.
- The company reaffirmed return on tangible common equity targets of 14% for 2026 and 15% for 2027.
- Quarterly revenue totaled $5.25 billion as net interest income rose 1.9% on loan and deposit growth, while GAAP non‑interest expense increased 5.2% sequentially primarily from the legal accrual and higher personnel costs.