Truist to sell $5.5B auto loans (RAC) to exit near-prime lending; creates $945M CET1 capital

TRUIST FINANCIAL CORP

Agreement to sell substantially all Regional Acceptance Corp. auto loans for $5.5B; close expected late 3Q26/early 4Q26.
Net proceeds of $5.2B and $535M loan loss reserve recapture; capital increase of $945M (22 bps CET1).
Reduces NPLs by >10 bps (as of 6/30/26) and NCOs by ~10 bps annually; 2026 guidance unchanged.
Proceeds to repay wholesale borrowings and reposition AFS securities; 2027 modest earnings/ROTCE accretion expected.
2026 share repurchase target unchanged at $5B; strategic review ongoing.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.