What the three banks reported
Three large regional banks released results for the quarter ended September 30, 2026, before markets opened on Friday, October 16. The figures below are as reported by the companies. Company-adjusted measures are labeled as such and are not GAAP (generally accepted accounting principles) results.
| Company | Net income | Diluted EPS | Net interest margin | Net charge-offs |
|---|---|---|---|---|
| Truist Financial | $0.80 billion (vs. $1.45 billion a year earlier) | $0.56 (adjusted: $1.16) | 3.00% | 0.77% of average loans |
| Citizens Financial Group | $636 million (up 29%) | $1.41 (vs. $1.05) | 3.19% | 0.37% |
| Regions Financial | $611 million to common shareholders (up 11%) | $0.71 (adjusted: $0.73) | 3.68% | 0.29% |
Truist: a loss on selling securities and a consumer-loan sale
Truist reported net income of $0.80 billion and net income available to common shareholders of $0.68 billion, or $0.56 a share, down from $1.35 billion and $1.04 a year earlier. The quarter included a $1.4 billion pre-tax loss on selling securities, which the bank counted as $0.90 a share, partly offset by a $581 million release of . Excluding those items and a $106 million loan-sale item, Truist's adjusted earnings were $1.16 a share, up 12% from $1.04 [1].
GAAP revenue was $3.75 billion, down from $5.19 billion a year earlier, mainly because of the securities loss. rose to 0.77% of average loans from 0.48% a year earlier. On October 14 Truist agreed to sell $7.7 billion of LightStream consumer loans to Carlyle; the release did not give a price [1].
Citizens
Citizens Financial Group reported net income of $636 million, up 29% from a year earlier, and diluted earnings of $1.41 a share, up 34% from $1.05. Revenue rose 10% to $2.32 billion, and the was 3.19%. were 0.37% of loans, down from 0.46%. Loans grew 5% to $148.2 billion, and the company raised its quarterly dividend 13% to $0.52 a share [2].
Regions
Regions Financial reported net income available to common shareholders of $611 million, up 11% from a year earlier, or $0.71 a share, up 16%; adjusted earnings were $0.73 a share. Revenue was $1.97 billion, up from $1.92 billion, the rose to 3.68% from 3.59%, and fell to 0.29% of average loans from 0.55% [3].
What the reports do not show
These are preliminary results from earnings releases, and the banks describe capital ratios as estimates. None of the three gave numerical earnings guidance in its release. Truist's adjusted figures exclude items the bank chose to remove, so they are not comparable with GAAP results at the other two banks.
What remains uncertain
Figures come from each company's earnings release, furnished to the SEC, and may change in quarterly filings. Truist and Regions adjusted figures are company-defined non-GAAP measures. The Truist and Citizens releases are not dated on their face; October 16 is the date of their earnings calls described in the releases. Truist did not disclose the LightStream sale price.