Truist Financial Corporation filed an 8-K with the Securities and Exchange Commission on September 15, 2026, disclosing information about a recently signed transaction related to its strategic decision to exit the near-prime auto lending business, presented in connection with a CFO appearance at the Barclays Global Financial Services Conference.

Key Highlights

  • Conference appearance: Chief Financial Officer Mike Maguire spoke at the Barclays Global Financial Services Conference in New York City on September 15, 2026 at 10:30 a.m. ET.
  • Transaction signed: Truist disclosed information about a "recently signed transaction" related to its decision to exit the near-prime auto lending business.
  • Financial details furnished: Potential financial impacts and illustrative uses of proceeds from the transaction were disclosed as Exhibit 99.1.
  • Regulation FD filing: The disclosure was made under Item 7.01 and is furnished, not filed, meaning it is not subject to Section 18 liabilities of the Exchange Act.
  • Forward-looking statements noted: Exhibit 99.1 contains forward-looking statements subject to the cautionary language of the Private Securities Litigation Reform Act of 1995.

Truist CFO Outlines Near-Prime Auto Exit at Barclays Conference

According to the filing, Truist Financial Corporation (NYSE:TFC) used the occasion of CFO Mike Maguire's presentation at the Barclays Global Financial Services Conference to disclose details of a recently signed transaction tied to its "strategic decision to exit the near-prime auto lending business." The filing states that information about the potential financial impacts and illustrative uses of proceeds from the transaction was furnished as Exhibit 99.1 to the Current Report.

The disclosure was made under Item 7.01, Regulation FD, and the company noted that the information "shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934" and is therefore not subject to the liabilities of that section. The filing further states that the information may be incorporated by reference into another filing only if that subsequent filing specifically references Item 7.01 of this report.

The filing also notes that Exhibit 99.1 contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and that "actual future objectives, strategies, plans, prospects, performance, conditions, and results may differ materially from those set forth in any forward-looking statement." Truist stated it does not undertake to update any forward-looking statement except as required by applicable securities laws. The report was signed by Cynthia B. Powell, Executive Vice President and Corporate Controller, identified as Principal Accounting Officer.

What Was Disclosed

Truist Financial filed an 8-K on September 15, 2026, disclosing a recently signed transaction connected to its exit from near-prime auto lending, along with potential financial impacts and illustrative uses of proceeds, furnished as Exhibit 99.1 under Regulation FD.