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Truist Financial
(NYSE:TFC)
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Rating:71Outperform
Price Target:
$57.00
▲(12.72% Upside)
Action:Upgraded
Date:06/15/26
The score is led by improving profitability and constructive price momentum, supported by a moderate P/E and strong dividend yield. It is held back by prior earnings and cash-flow volatility and by earnings-call headwinds around NII/NIM pressure, deposit competition, and slightly higher expense/credit guidance.
Positive Factors
Fee & trading revenue growth
Sustained fee and trading revenue reduces reliance on interest spread cycles and diversifies earnings. Continued growth in investment banking, trading and wealth fees supports durable revenue mix, improving revenue resilience and offsetting NIM sensitivity over a multi-quarter horizon.
Negative Factors
Pressure on net interest income and margins
Weakened NII and a lower NII growth outlook reflect deposit competition, day-count and rate-path sensitivity. Because net interest margin drives a large share of bank earnings, prolonged margin compression would structurally reduce core profitability and limit the pace of ROTCE improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Fee & trading revenue growth
Sustained fee and trading revenue reduces reliance on interest spread cycles and diversifies earnings. Continued growth in investment banking, trading and wealth fees supports durable revenue mix, improving revenue resilience and offsetting NIM sensitivity over a multi-quarter horizon.
Read all positive factors
Truist Financial Key Performance Indicators (KPIs)
Any
Revenue by Type
Breaks down revenue into different streams, highlighting the diversity and stability of income sources, and indicating which areas drive growth or face challenges.
Breaks down revenue into different streams, highlighting the diversity and stability of income sources, and indicating which areas drive growth or face challenges.
Data provided by:
The Fly
The FlyTruist Financial (TFC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$63.40B
Dividend Yield4.12%
Average Volume (3M)9.70M
Price to Earnings (P/E)12.5
Beta (1Y)1.05
Revenue Growth26.77%
EPS Growth19.23%
CountryUS
Employees37,529
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)4.08
Shares Outstanding1,245,879,300
10 Day Avg. Volume12,854,252
30 Day Avg. Volume9,698,073
Financial Highlights & Ratios
PEG Ratio0.86
Price to Book (P/B)0.96
Price to Sales (P/S)2.05
P/FCF Ratio10.87
Enterprise Value/Market Cap1.97
Enterprise Value/Revenue4.10
Enterprise Value/Gross Profit6.51
Enterprise Value/Ebitda17.38
Forecast
1Y Price Target
$54.54Price Target Upside7.85% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
EPS Forecast (FY)4.54
Revenue Forecast (FY)$21.29B
Truist Financial Business Overview & Revenue Model
Company Description
Truist Financial Corporation operates as a diversified financial holding company, providing an extensive array of banking and trust services throughout the Southeastern and Mid-Atlantic regions of the United States. Its business activities are str...
How the Company Makes Money
Truist primarily earns revenue from (1) net interest income and (2) noninterest income. Net interest income is generated by collecting interest on earning assets—most notably consumer and commercial loans and certain investment securities—and payi...
Truist Financial Earnings Call Summary
Earnings Call Date:Apr 17, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 16, 2026
Earnings Call Sentiment Positive
The call conveyed solid execution and momentum across fees, capital returns and profitability metrics (EPS +25% YoY, ROTCE improvement, strong investment banking/trading growth, increased share repurchases and a lower effective tax rate). Offsetting risks include pressure on net interest income and margin driven by day-count effects, deposit competition and revised Fed rate expectations, modest near-term expense increases, and small upticks in credit metrics tied partly to reporting changes. Management reaffirmed 2026–2027 ROTCE targets and set a long-term 16%–18% ROTCE ambition, emphasizing disciplined capital allocation and digital/AI productivity initiatives. Overall, positives (earnings, fee growth, buybacks, capital targets) materially outweigh the headwinds (NII pressure, deposit competition, modest credit and expense increases).Positive Updates
Strong Earnings and EPS Growth
GAAP net income available to common shareholders of $1.4 billion and diluted EPS of $1.09, up 25% year-over-year and up 9% versus the prior quarter.
Negative Updates
Net Interest Income and Margin Pressure
Taxable-equivalent net interest income declined 2.8% linked quarter (–$105 million) largely due to two fewer days and deposit mix seasonality; net interest margin fell 5 basis points QoQ to 3.02%; NII full-year growth outlook reduced to 2%–3% (from prior 3%–4%) due to revised Fed rate expectations.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Earnings and EPS Growth
GAAP net income available to common shareholders of $1.4 billion and diluted EPS of $1.09, up 25% year-over-year and up 9% versus the prior quarter.
Read all positive updates
Company Guidance
Truist updated 2026 guidance with taxable-equivalent net interest income now expected to grow 2%–3% (vs. prior 3%–4%), average loan growth of ~3%–4% and average deposit growth in the low single digits; noninterest income is now expected to grow high single digits (vs. mid–high single digits prior), GAAP noninterest expense to rise about 1.75% for the year, and revenue to land at the low end of the prior 4%–5% range while overall EPS/earnings expectations remain unchanged. They expect net charge-offs of about 55 bps in 2026, an effective tax rate of roughly 14.5% GAAP (≈16.5% TE), a full-year $5.0 billion share repurchase program (Q1 repurchases $1.1B; targeting ~$1.2B in Q2), and a CET1 ratio of 10.8% (stable Q/Q); under the proposed Basel III rules they estimate RWAs could decline ~9% (standardized) or ~11% (ERBA). For Q2 they expect revenue roughly flat vs. Q1’s $5.2B, NII to rise ~1% Q/Q (one extra day, higher client deposits), noninterest income to decline ~1% Q/Q (lower Investment Banking & Trading), and noninterest expense to increase ~3%–4% Q/Q (Q1 expense ~$3.0B); NIM was 3.02% in Q1 (down 5 bps Q/Q) and management expects 2026 average NIM to exceed 2025’s 3.03% but not reach the “3‑teens” exit this year, and they retain targets of ~14% ROTCE in 2026, 15% in 2027 and 16%–18% over 3–5 years.Truist Financial Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
66
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.47B | 30.44B | 24.25B | 29.95B | 22.29B | 23.06B |
| Gross Profit | 19.17B | 18.94B | 11.41B | 17.91B | 19.20B | 23.11B |
| EBITDA | 7.18B | 7.05B | 378.00M | 450.00M | 8.39B | 9.38B |
| Net Income | 5.53B | 5.31B | 4.82B | -1.09B | 6.26B | 6.44B |
Balance Sheet | ||||||
| Total Assets | 548.98B | 547.54B | 531.18B | 535.35B | 555.25B | 541.24B |
| Cash, Cash Equivalents and Short-Term Investments | 4.29B | 45.37B | 44.32B | 97.60B | 93.22B | 173.42B |
| Total Debt | 69.06B | 69.80B | 62.27B | 62.12B | 65.07B | 40.89B |
| Total Liabilities | 484.76B | 482.35B | 467.50B | 476.10B | 494.72B | 471.97B |
| Stockholders Equity | 64.21B | 65.19B | 63.68B | 59.10B | 60.51B | 69.27B |
Cash Flow | ||||||
| Free Cash Flow | 5.67B | 5.74B | 2.16B | 8.63B | 10.52B | 7.45B |
| Operating Cash Flow | 5.67B | 5.74B | 2.16B | 8.63B | 11.08B | 7.89B |
| Investing Cash Flow | -18.07B | -17.76B | 18.60B | 22.86B | -29.97B | -32.06B |
| Financing Cash Flow | 6.42B | 8.63B | -11.64B | -22.27B | 20.02B | 25.59B |
Truist Financial Technical Analysis
Positive
50.57
Price Trends
49.10
Positive
48.60
Positive
47.25
Positive
Market Momentum
0.43
Negative
53.12
Neutral
68.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TFC, the sentiment is Positive. The current price of 50.57 is above the 20-day moving average (MA) of 49.41, above the 50-day MA of 49.10, and above the 200-day MA of 47.25, indicating a bullish trend. The MACD of 0.43 indicates Negative momentum. The RSI at 53.12 is Neutral, neither overbought nor oversold. The STOCH value of 68.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TFC.
Truist Financial Risk Analysis
Truist Financial disclosed 44 risk factors in its most recent earnings report. Truist Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Truist Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $36.71B | 13.62 | 8.82% | 3.50% | 9.10% | 0.60% | |
74 Outperform | $96.52B | 12.99 | 12.22% | 3.77% | 2.43% | 18.20% | |
73 Outperform | $35.43B | 13.56 | 10.25% | 2.76% | -0.49% | 19.72% | |
73 Outperform | $101.04B | 14.60 | 11.98% | 3.11% | 3.47% | 21.52% | |
72 Outperform | $52.10B | 19.16 | 8.86% | 3.14% | 7.12% | -5.41% | |
71 Outperform | $63.40B | 12.47 | 8.51% | 4.12% | 26.77% | 19.23% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
TFC
Truist Financial
50.89
7.81
18.13%
FITB
Fifth Third Bancorp
57.49
15.78
37.82%
HBAN
Huntington Bancshares
18.11
1.34
7.98%
MTB
M&T Bank
241.95
47.66
24.53%
PNC
PNC Financial
251.62
62.28
32.89%
USB
US Bancorp
61.96
16.29
35.67%
Truist Financial Corporate Events
Business Operations and StrategyExecutive/Board Changes
Truist Financial announces CEO succession and leadership transition
Positive
Jun 15, 2026
Truist Financial announced on June 15, 2026 that long-time chief executive Bill Rogers will step down as CEO and president of both the corporation and Truist Bank effective Sept. 1, 2026, transitioning to executive chair until his retirement at th...
Executive/Board Changes
Truist Financial Adds Veteran Leader to Board
Positive
Jun 8, 2026
On June 5, 2026, Truist Financial’s board of directors appointed veteran banker and nonprofit leader Catherine P. Bessant as a director of both Truist Financial Corporation and its subsidiary Truist Bank, with immediate effect. She will serv...
Private Placements and FinancingRegulatory Filings and Compliance
Truist Financial Issues New Series S Preferred Stock
Positive
May 15, 2026
On May 13, 2026, Truist Financial amended its Articles of Incorporation to establish the designations, preferences, limitations and rights of a new 6.250% Series S Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, paving the way for a str...
Business Operations and StrategyShareholder Meetings
Truist Shareholders Back Incentive Plan and Governance Slate
Positive
May 1, 2026
At its April 28, 2026 annual meeting, Truist Financial shareholders approved an amendment and restatement of the company’s 2022 Incentive Plan, reinforcing the board’s authority to use equity and incentive compensation to attract and r...
Private Placements and FinancingRegulatory Filings and Compliance
Truist Issues $2 Billion in Senior Medium-Term Notes
Positive
Apr 23, 2026
On April 23, 2026, Truist Financial Corporation issued and sold $1 billion of 4.680% fixed-to-floating rate senior medium-term notes due April 23, 2032, and $1 billion of 5.281% fixed-to-floating rate senior medium-term notes due April 23, 2037. T...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.