Truist Financial Corporation (TFC)

The company now

Net income was $799 million in the third quarter of 2026, down from $1,452 million a year earlier 2. The quarter carried a $1.4 billion loss on selling bonds and a $66 million loss on the car-loan sale 2. A $581 million release of loan-loss reserves offset part of it 2.

Excluding those items and others, the company reports adjusted earnings per share of $1.16, up 12 percent from a year earlier 1.

Mike Lyons became president and chief executive on 31 August 2026 2. Lyons ran Fiserv from May 2025 to June 2026 and was president of PNC Financial Services Group before that 3. William Rogers Jr stays as executive chair until the annual meeting of shareholders in 2027 3.

The sale of Regional Acceptance, an auto lender, covered $5.5 billion of loans and was completed in the third quarter 41. On 14 October the company agreed to sell $7.7 billion of LightStream personal loans to Carlyle Group, with closing expected in the fourth quarter of 2026 12.

A presentation the company furnished in September said a broader strategic review is ongoing 4. It described the auto-loan exit as consistent with an earlier stop to marine and RV lending 4.

As of Oct 30, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.