Company: TFC
Filing Date: 2025-10-22
Form Type: 424B2
Source: 0001193125-25-245546
Chunk: 2

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-10-22
Form: 424B2
Chunk 2
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 $1.04 per diluted share, compared to net income
available to common shareholders of $1.2 billion, or $0.90 per diluted share, in the second quarter of 2025.

Taxable-equivalent net
interest income for the third quarter of 2025 was $3.7 billion, up $45 million, or 1.2%, compared to the second quarter of 2025 due to an additional day in the third quarter of 2025, loan growth, and fixed-rate asset repricing. Net
interest margin was 3.01%, down one basis point compared to the second quarter of 2025.

The yield on the average total loan portfolio was
6.00%, down one basis point. The yield on the average securities portfolio was 3.16%, flat compared to the prior quarter.

The average
cost of total deposits was 1.84%, down one basis point. The average cost of short-term borrowings was 4.42%, down five basis points compared to the prior quarter. The average cost of long-term debt was 5.04%, up two basis points.

Noninterest income for the third quarter of 2025 was $1.6 billion, up $158 million, or 11%, compared to the second quarter of 2025
primarily due to higher investment banking and trading income and wealth management income, partially offset by lower other income. Excluding securities losses, noninterest income was up $140 million, or 9.9%, compared to the second quarter of
2025.

Noninterest expense for the third quarter of 2025 was $3.0 billion, up $28 million, or 0.9%, compared to the second
quarter of 2025 primarily due to higher personnel expense, partially offset by lower professional fees and outside processing expense and regulatory costs.

The lower effective tax rate of 16.4% for the third quarter of 2025 compared to 18.0% for the second quarter of 2025 is primarily driven by a
decrease in the full-year forecasted effective tax rate and lower discrete tax items.

PS-3

Balance Sheet Overview—Third Quarter 2025 Compared to Second Quarter 2025

Average loans and leases held for investment for the third quarter of 2025 were $320.5 billion, an increase of $7.9 billion, or 2.5%,
compared to the prior quarter. Average commercial loans of $191.6