By Connor Hart
Truist Financial logged higher profit and revenue in the fourth quarter, boosted by higher net interest income and noninterest income.
The Charlotte, N.C., bank on Wednesday posted a profit of $1.35 billion for its quarter ended Dec. 31, compared with $1.28 billion a year earlier. Quarterly earnings came in at $1 a share, below the $1.09 a share that analysts surveyed by FactSet expected.
The recent quarter included a $130 million charge stemming from a settlement agreement, as well as $63 million in charges tied to severance, which combined dinged earnings by 12 cents a share.
Revenue rose 3.7% to $5.25 billion, just below Wall Street models for $5.31 billion. Net interest income climbed 3% to $3.75 billion on a taxable equivalent basis.
Noninterest income increased 5.2% to $1.55 billion, which Truist attributed primarily to higher investment banking and trading income and wealth management income.
Chief Executive Bill Rogers said the company will build on its established momentum in the coming year, focusing on the execution of its growth initiatives.
Shares fell 3.5% to $47.44 in premarket trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
January 21, 2026 06:54 ET (11:54 GMT)
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