Truist Financial Corporation
- Open
- 50.96
- Day high
- 51.22
- Day low
- 50.73
- Prev close
- 51.00
- Volume
- 1.2M
- Mkt cap
- $63.4B
- P/E (TTM)
- 11.5
- EPS (TTM)
- $4.41
- P/B
- 1.0
- P/S
- 2.1
- Yield
- 2.04%
- Per share
- $1.04
Truist Financial Corporation (TFC) is a Financial Services company listed on NYSE. The stock is up 14% over the past year.
Truist Financial Corporation (TFC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 10 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
TFC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 17, 2026 | $1.08 | $1.23 | +13.9% | $5.3B | +1.4% |
| Apr 17, 2026 | $1.00 | $1.09 | +9.3% | $5.2B | +0.6% |
| Jan 21, 2026 | $1.09 | $1.12 | +2.8% | $5.2B | -1.1% |
| Oct 17, 2025 | $0.99 | $1.04 | +4.5% | $5.2B | -0.0% |
| Jul 18, 2025 | $0.92 | $0.91 | -1.4% | $5.0B | -0.5% |
| Apr 17, 2025 | $0.87 | $0.87 | -0.3% | $4.9B | -0.7% |
| Jan 17, 2025 | $0.88 | $0.91 | +3.4% | $5.1B | +0.4% |
| Oct 17, 2024 | $0.91 | $0.97 | +6.6% | $5.1B | -0.1% |
| Jul 22, 2024 | $0.64 | $0.91 | +42.0% | $1.1B | -76.4% |
| Jan 18, 2024 | $0.88 | $0.81 | -8.0% | $5.7B | +0.2% |
| Oct 19, 2023 | $0.82 | $0.84 | +2.4% | $4.9B | -14.6% |
| Jul 20, 2023 | $1.01 | $0.95 | -5.9% | $5.0B | -16.8% |
TFC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 3, 2026 | Bender Bradley Dofficer: Chief Risk Officer | Option | 16,149 | — |
| Jun 3, 2026 | Bender Bradley Dofficer: Chief Risk Officer | Tax | 9,115 | $46.87 |
| Mar 17, 2026 | Maguire Michael Baronofficer: Chief Financial Officer | Tax | 7,951 | $43.83 |
| Mar 17, 2026 | Bender Bradley Dofficer: Chief Risk Officer | Option | 803 | — |
| Mar 17, 2026 | Bender Bradley Dofficer: Chief Risk Officer | Option | 4,123 | — |
| Mar 17, 2026 | Stengel Scott Aofficer: Chief Legal Officer | Tax | 3,001 | $43.83 |
| Mar 17, 2026 | Bender Bradley Dofficer: Chief Risk Officer | Tax | 2,306 | $43.83 |
| Mar 17, 2026 | Bender Bradley Dofficer: Chief Risk Officer | Option | 2,895 | — |
| Mar 17, 2026 | Powell Cynthia Bofficer: Corp. Controller & CAO | Option | 1,929 | — |
| Mar 17, 2026 | Lesher Kristinofficer: Chief Whlse Banking Officer | Tax | 7,433 | $43.83 |
| Mar 17, 2026 | Bender Bradley Dofficer: Chief Risk Officer | Tax | 437 | $43.83 |
| Mar 17, 2026 | Bender Bradley Dofficer: Chief Risk Officer | Tax | 1,594 | $43.83 |
| Mar 17, 2026 | Wilson Donta Lofficer: Chief Consumer & SB BK Officer | Tax | 10,204 | $43.83 |
| Mar 17, 2026 | Powell Cynthia Bofficer: Corp. Controller & CAO | Tax | 2,476 | $43.83 |
| Mar 17, 2026 | ROGERS WILLIAM H JRdirector, officer: Chairman and CEO | Tax | 32,861 | $43.83 |
Source: TFC SEC Form 4 filings, latest Jun 3, 2026. For informational purposes only — not investment advice.
See the full TFC insider & 13F page →Truist Financial Corporation company profile
Overview
Truist Financial Corporation (NYSE:TFC) is one of the largest regional banks in the United States, formed through the 2019 merger of BB&T Corporation and SunTrust Banks. The company traces its roots back to 1872 and is headquartered in Charlotte, North Carolina. Following the merger integration, Truist has established itself as a major financial services provider primarily serving the Southeastern and Mid-Atlantic regions of the United States, operating over 2,500 banking offices and serving millions of customers through both traditional and digital banking channels.
Business
Truist operates as a comprehensive financial services holding company in the regional banking sector, providing a full spectrum of banking, investment, and insurance services to consumers, small businesses, and large corporations. The banking industry serves as the backbone of the financial system by accepting deposits from customers and lending those funds to borrowers, earning profit from the interest rate spread between what they pay depositors and what they charge borrowers. The company operates through three primary business segments. Consumer Banking and Wealth represents the largest segment, offering traditional banking products including checking and savings accounts, certificates of deposit, mortgages, home equity loans, auto loans, credit cards, and wealth management services to individual consumers and small businesses. This segment generates revenue through net interest income from loans and deposits, as well as fees from various banking services. Corporate and Commercial Banking serves middle-market and large corporate clients, providing commercial loans, treasury management services, capital markets solutions, investment banking services, and specialized financing such as equipment leasing and supply chain financing. This segment has shown particular strength in investment banking, with revenues increasing significantly in recent quarters due to improved market conditions and expanded capabilities. Insurance Holdings historically provided property and casualty, life, health, and specialty insurance products, though the company completed the sale of this segment for $15.5 billion in 2024 as part of its strategic focus on core banking operations. The insurance business had been a significant fee income generator but was divested to simplify operations and optimize capital allocation. Based on recent financial performance, Consumer Banking represents approximately 60-65% of total revenue, Corporate and Commercial Banking accounts for 30-35%, with the remaining portion previously coming from Insurance Holdings before its divestiture.
Revenue model
Truist generates revenue through multiple interconnected banking business models. The primary revenue source is net interest income, which represents the difference between interest earned on loans and investments and interest paid on deposits and borrowings. This spread-based model is fundamental to banking, where the bank acts as a financial intermediary, collecting deposits at lower rates and lending at higher rates. Net interest margin, currently around 3%, reflects the efficiency of this core banking function. Fee-based income provides the second major revenue stream, including service charges on deposit accounts, credit card fees, mortgage origination fees, wealth management fees, and investment banking fees. The investment banking division has been particularly strong, generating significant revenue from debt and equity capital markets, merger and acquisition advisory services, and other corporate finance activities serving middle-market and large corporate clients. The bank's customers span individual consumers, small businesses, middle-market companies, and large corporations across its geographic footprint. Consumer customers provide stable, low-cost deposit funding while generating fee income and loan demand. Commercial clients typically offer higher-margin lending opportunities and more sophisticated fee-generating services. Several factors significantly impact Truist's profitability margins. Interest rate environment is the most critical factor - rising rates generally benefit net interest margins as loan rates reprice faster than deposit costs, though prolonged high rates can reduce loan demand and increase credit risk. Credit quality directly affects profitability through loan loss provisions, with economic downturns potentially requiring significant reserves. Deposit competition influences funding costs, as customers may migrate to higher-yielding alternatives during rising rate periods. Regulatory compliance costs represent a significant ongoing expense for large regional banks, requiring substantial investments in risk management, technology, and personnel. Digital transformation investments are necessary to compete with fintech companies and maintain customer relationships, though these require significant upfront capital expenditure.
Competitive moat
Truist's competitive moat is moderate but faces increasing pressure from multiple directions. The bank's primary defensive advantages stem from its extensive physical branch network across the Southeast and Mid-Atlantic regions, providing local market presence and relationship-based banking that remains valuable for complex financial needs. The company has built strong deposit market share in its core markets, creating a relatively stable, low-cost funding base that provides competitive advantages in lending. Regulatory barriers provide some protection, as the complex compliance requirements and capital standards for large regional banks create significant entry costs for new competitors. The bank's scale allows it to spread these fixed regulatory costs across a larger revenue base compared to smaller institutions. However, Truist's moat faces several significant challenges. Digital disruption from fintech companies and technology giants threatens traditional banking relationships, particularly in payments, lending, and wealth management. These competitors often offer superior user experiences and can operate with lower cost structures. Interest rate sensitivity makes the business model vulnerable to prolonged low-rate environments, which compress net interest margins and reduce profitability. Geographic concentration in the Southeast and Mid-Atlantic creates vulnerability to regional economic downturns, though this also provides deep local market knowledge and relationships. Commoditization of basic banking services reduces pricing power, as customers increasingly view checking accounts, savings accounts, and simple loans as interchangeable products available from multiple providers. The competitive landscape includes both traditional regional banks of similar size and national banks with greater resources and scale. The bank's recent strategic focus on relationship banking, digital investment, and middle-market commercial services represents an attempt to strengthen its competitive position, though success is not guaranteed given the intensity of competition and ongoing industry disruption.
Risks & safety
Truist maintains a moderate margin of safety typical of large regional banks, though with some areas of concern requiring monitoring. • Capital Position: CET1 capital ratio of 11.5% provides adequate regulatory buffer above minimum requirements, though not exceptionally strong • Liquidity: $42 billion in cash and short-term investments represents substantial liquidity cushion; current ratio of 0.16 is typical for banks given their business model structure • Debt Management: Debt-to-equity ratio of 0.86-0.98 across recent quarters reflects normal banking leverage; no immediate solvency concerns • Profitability: ROE of approximately 2% in recent quarters is below historical norms but recovering; targeting mid-teens ROTCE longer-term • Valuation Metrics: Trading at P/E of 10.7x and price-to-book of 0.83x, suggesting reasonable valuation relative to tangible book value • Credit Quality: Maintaining conservative lending standards with normalized charge-off expectations of 35-50 basis points • Other Considerations: Recent completion of $15.5 billion insurance business sale strengthens balance sheet; $5 billion share buyback authorization through 2026 provides capital flexibility; expense discipline initiatives targeting $750 million in cost savings
Recent development
Over the past few years, Truist has undergone significant strategic transformation focused on simplifying operations and optimizing capital allocation. The most significant development was the completion of the merger integration between BB&T and SunTrust, which involved substantial systems consolidation, branch rationalization, and workforce optimization. This integration process, largely completed by 2024, resulted in approximately $750 million in targeted cost savings. The divestiture of Truist Insurance Holdings for $15.5 billion in 2024 represented a major strategic pivot, allowing the company to focus resources on core banking operations while significantly strengthening its capital position. This transaction enabled the authorization of a $5 billion share repurchase program through 2026, demonstrating management's commitment to returning capital to shareholders. Digital transformation initiatives have accelerated significantly, with the bank opening over 730,000 new digital accounts and achieving 7.1 million active digital users. The company launched AI-enhanced tools including Truist Client Pulse and Truist Assist, which now automates 85% of customer interactions. Digital transactions have grown to represent 62% of total bank transactions, reflecting the successful shift toward digital-first customer engagement. Investment banking capabilities expansion has been a key growth driver, with revenues increasing 46% year-over-year in Q4 2024. The bank has invested heavily in talent acquisition and expanded coverage in debt capital markets, equity capital markets, and middle-market advisory services. Geographic expansion efforts have focused on markets with lower market share, particularly in New Jersey, Pennsylvania, and Texas, where the bank has added significant commercial banking talent and achieved strong growth metrics. Balance sheet optimization has been ongoing, including repositioning of the available-for-sale securities portfolio to improve asset-liability management and enhance net interest income potential. The bank has maintained expense discipline while continuing to invest in technology infrastructure, risk management capabilities, and regulatory compliance systems necessary for a institution of its size and complexity.
TFC company profile · for informational purposes only — not investment advice.
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