Truist Financial Announces Transaction to Exit Near-Prime Auto Lending

What Happened

• Truist Financial Corporation filed a Form 8-K (furnished Sept 15, 2026) to disclose a recently signed transaction connected to its strategic decision to exit the near-prime auto lending business.
• Mike Maguire, Truist’s Chief Financial Officer, addressed the matter at the Barclays Global Financial Services Conference in New York on Tuesday, September 15, 2026 at 10:30 a.m. ET. The related disclosure is furnished as Exhibit 99.1 to the 8‑K.

Key Details

• Speaker: Mike Maguire, Chief Financial Officer; presentation on Sept 15, 2026 at 10:30 a.m. ET at the Barclays conference.
• Transaction: Described as a "recently signed transaction" tied to Truist’s exit from near-prime auto lending (transaction details are provided in Exhibit 99.1).
• Filing status: The disclosure and Exhibit 99.1 are furnished (not “filed”) and therefore are not subject to Section 18 liability; Truist’s website content is not incorporated by reference.
• Administrative: Form 8-K signed by Cynthia B. Powell, Executive VP and Corporate Controller, dated September 15, 2026.

Why It Matters

• This disclosure relates to a strategic change in Truist’s consumer lending footprint—exiting near-prime auto loans—which could affect the company’s loan portfolio composition, credit exposure, capital or liquidity depending on the transaction structure and use of proceeds.
• Investors should review Exhibit 99.1 (furnished with the 8‑K) for the company’s discussion of potential financial impacts and illustrative uses of proceeds to assess near-term effects on earnings, credit metrics, and capital.
• Because the material is furnished rather than filed, it is intended to inform investors but carries different legal treatment under the securities laws.