Truist Financial's net interest income growth is expected to moderate in 2026, with management guiding to a 1-1.5% increase, reflecting portfolio optimization and lower loan spreads. In the first half of 2026, NII rose 1.8% year over year to $7.22 billion, supported by higher earning assets and loan growth, though partially offset by lower loan spreads and fixed-rate debt repricing. Average loans grew 6.3% to $330.4 billion, while deposits increased 1.5% to $5.9 billion, with stable deposit costs at 1.56%. Net interest margin declined 2 basis points to 3.00% in the same period. For the third quarter, Truist expects NII to rise approximately 1.5% sequentially. The company's shares have underperformed the industry over the past six months, rising 0.3% versus 17.8% for the industry. Truist currently carries a Zacks Rank #3 (Hold). Peers BNY and KeyCorp have raised their 2026 NII outlooks to 12-13% and 9-11% growth, respectively.
Truist Financial CorpTruist guided 2026 NII growth to a moderated 1-1.5% with lower loan spreads and a 2bp NIM decline, and its shares have badly underperformed the industry.
KeyCorp
The Bank of New York Mellon Corporation
JPMorgan Chase & Co
Meta Platforms Inc.