# Truist (TFC) – NYSE – Q2 2025 Financial Results
Truist Financial Corporation (NYSE: TFC) released its financial results for the second quarter of 2025 on July 20, 2025. Below is a summary of the key financial data, performance highlights, and operational metrics presented in the report.
## Key Financial Metrics
– **Net Income Available to Common Shareholders**: $1.2 billion, or $0.90 per diluted share.
– **Average Loans**: Increased by **$6.2 billion**, or **2.0%** compared to the prior quarter.
– **Net Interest Income**:
– Total: $3.59 billion, up **1.7%** from Q1 2025.
– Total (TE): $3.64 billion, showing a **1.7%** increase from Q1 2025.
– **Noninterest Income**: $1.40 billion, increasing by **0.6%** over Q1 2025.
– **Total Revenue**: $4.99 billion, up **1.8%** from Q1 2025.
– **Noninterest Expense**: $2.99 billion, rising by **2.8%** compared to Q1 2025.
– **Diluted EPS**: $0.90, up from $0.87 in Q1 2025.
– **Book Value Per Share (BVPS)**: Increased to **$45.70**, compared to $44.85 in Q1 2025.
– **Return on Common Equity (ROCE)**: **8.1%**, consistent with Q1 2025.
## Dividends and Share Repurchase
– **Dividends Declared**: $0.52 per share.
– **Share Repurchase**: $750 million in common shares.
– **Dividend Payout Ratio**: **57%**.
– **Total Payout Ratio**: **121%**, indicating substantial capital returned to shareholders.
## Loan and Deposit Metrics
– **Average Loans and Leases Held for Investment (HFI)**: Increased to **$312.6 billion**, representing a **2.0%** increase from Q1 2025.
– Major Contributors to Loan Growth:
– Commercial Loans: Up **2.1%**.
– Residential Mortgages: Increased by **2.0%**.
– **Average Deposits**: Rose to **$400.5 billion**, a **2.1%** boost from Q1 2025.
## Revenue Insights
– **Net Interest Margin (NIM)**: Stable at **3.02%**, flat compared to Q1 2025.
– **Noninterest Income Insights**:
– Wealth Management Income: $348 million, up **1.2%** from Q1 2025.
– Investment Banking and Trading Income: Decreased by **24.9%** compared to Q1 2025.
– **Total Noninterest Income**: Overall up by **0.6%** despite lower investment banking and trading income.
## Expense Analysis
– **Noninterest Expense**: Increased by **2.8%** due to higher personnel costs.
– **Adjusted Noninterest Expense**: Increased by **3.1%**.
– **Efficiency Ratio**: Adjusted to **57.1%**, demonstrating improved cost management.
## Asset Quality and Provision for Credit Losses
– **Nonperforming Assets**: Totaled **$1.3 billion**, a decrease of **18.6%** compared to Q1 2025.
– **Loans 90 Days Past Due**: Decreased to **0.17%** of total loans, down from **0.20%** in Q1 2025.
– **Allowance for Loan and Lease Losses (ALLL)**: Remained strong at **1.54%** of total loans, a decrease of four basis points from Q1 2025.
## Capital Ratios
– **CET1 Ratio**: 11.0%, reflecting a decrease of **30 basis points** from Q1 2025 due to share repurchases and increased risk-weighted assets.
– **Tier 1 Capital Ratio**: Stood at **12.3%**, down from **12.7%** in Q1 2025.
## Summary
Truist Financial’s second quarter of 2025 financial results exhibit moderate growth in net interest income and loans, while maintaining strong asset quality indicators. Shareholder returns were enhanced through a robust dividend and stock repurchase commitment. The company’s capital ratios remain strong despite slight decreases in CET1 ratio. Overall, the performance is bolstered by strategic growth in various loan portfolios and effective cost management initiatives.
| Summary Income Statement | 2Q25 | 1Q25 | 2Q24 |
|---|---|---|---|
| Net interest income | 3,590 | 3,510 | 3,530 |
| Net interest income – TE(1) | 3,640 | 3,560 | 3,580 |
| Noninterest income | 1,400 | 1,390 | -5,210 |
| Total revenue | 4,990 | 4,900 | -1,680 |
| Total revenue – TE(1) | 5,040 | 4,950 | -1,630 |
| Noninterest expense | 2,990 | 2,910 | 3,090 |
| Net income (loss) from continuing operations | 1,240 | 1,260 | -3,910 |
| Net income from discontinued operations | – | – | 4,830 |
| Net income | 1,240 | 1,260 | 920 |
| Net income available to common shareholders | 1,180 | 1,160 | 830 |
| Adjusted net income available to common | 1,190 | 1,160 | 1,240 |
| shareholders(1) | |||
| PPNR – unadjusted(1)(2) | 2,050 | 2,040 | NM |
| PPNR – adjusted(1)(2) | 2,100 | 2,080 | 2,120 |
| Key Metrics | |||
| Diluted EPS | 0.90 | 0.87 | 0.62 |
| Adjusted diluted EPS(1) | 0.91 | 0.87 | 0.91 |
| BVPS | 45.70 | 44.85 | 42.71 |
| TBVPS(1) | 31.63 | 30.95 | 28.91 |
| ROCE | 8.1% | 8.1% | 6.1% |
| ROTCE(1) | 12.3 | 12.3 | 10.4 |
| Efficiency ratio – unadjusted(2) | 59.9 | 59.3 | NM |
| Efficiency ratio – adjusted(1)(2) | 57.1 | 56.4 | 56.0 |
| Fee income ratio – unadjusted(2) | 28.1 | 28.4 | NM |
| Fee income ratio – adjusted(1)(2) | 28.1 | 28.2 | 28.7 |
| NIM – TE(1) | 3.02 | 3.01 | 3.02 |
| NCO ratio | 0.51 | 0.60 | 0.58 |
| ALLL ratio | 1.54 | 1.58 | 1.57 |
| CET1 ratio(3) | 11.0 | 11.3 | 11.6 |
| Average Balances | |||
| Assets | 537,000 | 532,000 | 527,000 |
| Securities | 122,000 | 124,000 | 122,000 |
| Loans and leases | 314,000 | 308,000 | 308,000 |
| Deposits | 400,000 | 392,000 | 388,000 |
| Capital Ratios | 2Q25 | 1Q25 | 4Q24 | 3Q24 | 2Q24 |
|---|---|---|---|---|---|
| Risk-based: | |||||
| CET1 | 11.0% | 11.3% | 11.5% | 11.6% | 11.6% |
| Tier 1 | 12.3 | 12.7 | 12.9 | 13.2 | 13.2 |
| Total | 14.3 | 14.7 | 15.0 | 15.3 | 15.4 |
| Leverage | 10.2 | 10.3 | 10.5 | 10.8 | 10.5 |
| Supplementary leverage | 8.5 | 8.7 | 8.8 | 9.1 | 8.9 |
