Oct 16, 7:12 AM ET
Truist said Dontá L. Wilson, its senior executive vice president and chief consumer and small business banking officer, will leave the bank effective December 31, 2026. The company also named several executives to new roles, including D. Steve Boland as vice chair and Jeff Warner as chief small business banking officer, and said Shimna Sameer will become chief consumer banking officer. The filing does not include financial results or a change to guidance.
- Dontá L. Wilson will leave Truist effective December 31, 2026; his separation benefits are subject to a release of claims and restrictive covenants
- D. Steve Boland joins as vice chair after retiring from Bank of America in 2025
- Jeff Warner joins from PNC Financial Services Group as chief small business banking officer, with more than 25 years at PNC
- Shimna Sameer becomes chief consumer banking officer; Jeff Dunn and Bryan Cram will serve as interim co-heads of Truist Wealth
Read the filing on SEC.gov ↗
Oct 16, 6:31 AM ET
Truist reported third quarter 2026 GAAP diluted EPS of $0.56, down from $1.23 in the second quarter and $1.04 a year earlier, mainly due to a $1.4 billion pre-tax loss on the sale of available-for-sale securities. Excluding selected items, adjusted diluted EPS was $1.16, up 12% from the third quarter of 2025, and total revenue on the GAAP basis fell to $3.75 billion from $5.27 billion. The company also agreed on October 14, 2026 to sell $7.7 billion of unsecured consumer loans tied to its LightStream platform to Carlyle Group Inc.
- GAAP diluted EPS was $0.56 versus $1.23 in 2Q26 and $1.04 in 3Q25; adjusted diluted EPS was $1.16
- Noninterest income was $84 million, including a $1.4 billion pre-tax securities loss and a $66 million loss on the RAC loan sale
- Agreement signed October 14, 2026 to sell $7.7 billion of unsecured consumer loans, substantially all assets of LightStream, to Carlyle Group Inc.
- Truist repurchased $1.2 billion of common stock and declared dividends of $0.52 per share in the quarter; preliminary CET1 ratio was 10.7%
Read the filing on SEC.gov ↗
Jul 17, 6:30 AM ET
Truist reported second quarter 2026 results that improved on both the prior quarter and the same quarter last year. Net income available to common shareholders was $1.5 billion, or $1.23 per diluted share, compared with $0.90 a year earlier. The company also returned $1.8 billion to shareholders through dividends and share repurchases, including $1.2 billion of repurchased common shares.
- Diluted EPS of $1.23, up from $1.09 in the first quarter of 2026 and $0.90 in the second quarter of 2025
- Total revenue on a taxable-equivalent basis was $5.31 billion, up 5.5% from the second quarter of 2025 and up 2.2% from the first quarter of 2026
- Noninterest expense was $3.06 billion, up 2.4% from the first quarter of 2026
- Provision for credit losses fell to $395 million from $479 million in the first quarter of 2026; CET1 ratio was 10.9%
Read the filing on SEC.gov ↗
Jun 15, 8:07 AM ET
Truist Financial said Michael P. Lyons, most recently chief executive of Fiserv, will become president and CEO on September 1, 2026, succeeding William H. Rogers, Jr., who will serve as executive chair. The filing sets out pay terms for both men, including a $1,300,000 starting base salary for Lyons and an $8,500,000 performance stock unit award for Rogers in 2027.
- Lyons, age 55, will receive an initial annual base salary of $1,300,000 and a 2026 long-term incentive award with a target grant-date value of $12,000,000.
- Rogers retires as CEO effective September 1, 2026, and stays on as executive chair; the 8-K says he remains a director through the 2027 annual shareholder meeting, and the press release cites a planned April 2027 retirement.
- Lyons's severance under the Executive Severance Plan is two times salary plus target bonus, or three times if termination occurs within 24 months after a change in control.
- Lyons's 2026 leadership appointment comes after roles as Fiserv CEO from May 2025 to June 2026 and PNC Financial Services president from February 2024 to January 2025.
Read the filing on SEC.gov ↗
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