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Shareholders' Equity
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Shareholders' Equity Shareholders’ Equity
Dividend Activity

The following table presents total dividends declared per share of common and preferred stock:

(Dollars in millions, except per share data)Dividends Per ShareAggregate Dividends
Three Months Ended June 30,Six Months Ended June 30,Three Months Ended June 30,Six Months Ended June 30,
20262025202620252026202520262025
Common stock$0.52 $0.52 $1.04 $1.04 $636 $670 $1,281 $1,349 
Preferred stock:
Series I1,128.81 1,286.86 2,270.05 2,588.71 2 2 4 4 
Series J1,157.88 1,315.93 2,328.19 2,646.85 1 2 2 3 
Series M2,562.50 2,562.50 2,562.50 2,562.50 13 13 13 13 
Series N— — 833.63 833.63 — — 56 56 
Series O328.13 328.13 656.25 656.25 7 7 15 15 
Series P— 618.75 — 618.75 — 25 — 25 
Series Q— — 637.50 637.50 — — 26 26 
Series R296.88 296.88 593.75 593.75 11 11 22 22 
Total preferred stock$34 $60 $138 $164 

Common Stock

In December 2025, Truist announced that its Board authorized the repurchase of up to $10.0 billion of common stock effective immediately with no expiration date, replacing the previous repurchase authority from June 2024, as part of Truist’s overall capital distribution strategy. For the six months ended June 30, 2026, the Company repurchased $2.4 billion of common stock, including excise tax, which represented 46.6 million shares, through open market repurchases under the December 2025 repurchase plan. Repurchased shares revert to the status of authorized and unissued shares upon repurchase. At June 30, 2026, Truist had remaining authorization to repurchase up to $7.7 billion of common stock under the December 2025 repurchase plan.

Preferred Stock

On May 15, 2026, Truist issued $500 million of Series S non-cumulative perpetual preferred stock with a stated dividend rate of 6.25% per annum for net proceeds of approximately $495 million. Dividends, if declared by the Board, are payable on the 15th day of March, June, September, and December of each year, commencing on September 15, 2026. The dividend rate will reset on June 15, 2031, and on each following fifth anniversary of the reset date to the five-year U.S. Treasury rate plus 2.13%. Truist issued depositary shares, each of which represents a fractional ownership interest in a share of the 20,000 shares of the Company’s Series S preferred stock. The preferred stock has no stated maturity and redemption is solely at the option of the Company in whole, but not in part, within 90 days following a regulatory capital treatment event, as defined in the prospectus. In addition, the preferred stock may be redeemed in whole or in part on any dividend payment date on or after June 15, 2031.