Truist Financial To Sell $5.5B Of Auto Loans Comprising All Assets OF Regional Acceptance Corporation; Generates $5.2B Of Net Proceeds And $535M Of Loan Loss Reserve Capture; Reaffirms FY26 Buyback Guidance Of $5B, Reaffirms Q3 And FY26 Guidance; Deal Creates $945M Or 22bps CET1 Capital; Expect Strategic Action Of RAC Sale To Create Modest Earnings & ROTCE Accretion In 2027
Truist Financial To Sell $5.5B Of Auto Loans Comprising All Assets OF Regional Acceptance Corporation; Generates $5.2B Of Net Proceeds And $535M Of Loan Loss Reserve Capture; Reaffirms FY26 Buyback Guidance Of $5B, Reaffirms Q3 And FY26 Guidance; Deal Creates $945M Or 22bps CET1 Capital; Expect Strategic Action Of RAC