10:53 AM EDT, 10/17/2025 (MT Newswires) -- Truist Financial ( TFC ) reported stronger-than-expected third-quarter results on Friday, while the financial services company projected revenue in 2026 to grow at a higher rate than the current year.

The company posted adjusted earnings of $1.04 a share for the September quarter, up from $0.97 the year before, topping the FactSet-polled consensus of $1. Overall revenue on a taxable-equivalent basis grew to $5.24 billion from $5.14 billion, ahead of the Street's view for $5.19 billion.

The stock rose 3.9% in Friday trade, but is down 1.5% so far this year.

"Truist delivered strong third-quarter results, underscored by robust fee income growth in investment banking and trading and wealth, healthy loan expansion, and continued expense and credit discipline," Chief Executive Bill Rogers said in a statement.

For 2026, Truist expects its revenue growth rate to be "more than double" the pace this year, Rogers said during an earnings call, according to a FactSet transcript.

Taxable-equivalent net interest income edged up 0.6% to $3.68 billion in the third quarter, while noninterest income advanced 5.1% to $1.56 billion amid higher wealth management income and service charges on deposits.

The company expects adjusted revenue on a taxable-equivalent basis to increase about 1% to 2% sequentially in the ongoing three-month period, according to an earnings presentation. "We expect net interest income to increase approximately 2% in the fourth quarter, primarily driven by loan growth and lower deposit costs," Chief Financial Officer Michael Maguire said on the call. "We expect noninterest income to remain relatively stable."

The company anticipates net interest margin expansion following the Federal Reserve's decision in September to lower its benchmark lending rate and an expectation for an additional two cuts during the fourth quarter, Maguire said. Net interest margin on a taxable-equivalent basis fell 11 basis points year over year to 3.01% in the third quarter.

For full-year 2025, Truist forecasts revenue growth to "come in around the midpoint" of its previously issued guidance for 1.5% to 2.5%, based on its current outlook for net interest income and noninterest income for the fourth quarter, according to Maguire.

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