Truist Q3 GAAP EPS falls to $0.56 on $1.4B securities loss; adjusted EPS $1.16
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.
Key points
- 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%
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 16, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.