Adjusted revenue for the quarter was $5.3 billion, missing the $5.36 billion estimated by analysts, while book value per share of $46.78 fell short of the $49.22 target. Truist also reported a pre tax loss of $1.4 billion on the sale of available for sale securities. The bank returned $1.2 billion to shareholders through repurchases and paid a dividend of $0.52 per share.
Tuesday, October 20, 2026
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Carlyle Buys $7.7B in Truist Loans for Asset Backed Push
Earnings4 days ago
Truist posted adjusted earnings per share of $1.16 for the third quarter of 2026, exceeding the $1.11 forecast and representing a 12% increase from a year earlier. To streamline its operations, the bank entered an agreement to sell $7.7 billion of unsecured consumer loans from its LightStream division to Carlyle. The transaction is one of the largest deals of its kind for the asset manager as it expands its asset backed credit portfolio.
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