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Truist Financial Corporation

TFC Financial Banks Regional

Truist Financial Corporation’s revenue for fiscal 2025 (year ended December 2025) was $30.4 billion, up 25.5% from fiscal 2024.

Revenue
−22.1%
EPS
−45.7%
Free cash flow
+17.8%
Total debt
+27.9%

Quarter to September 2026, against a year earlier

50.00 0.87 −1.71%
Market cap
$59.7B
P/E
12.7×
Fwd P/E
11.7×
Dividend yield
4.16%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Insider Decisions last twelve months

Bought, $m 2.22
Sold, $m 2.42
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — 1 1 —
Sell — 1 1 — — — — 3 — — — —
Insider Ownership 0.84%

Capital & Financial Ratios $m

Size
Market Cap 59,730.00
Revenue ttm 28,793.00
Net income ttm 5,187.00
Free cash flow ttm 6,063.00
Net debt Q (1,220.00)
Valuation
P/E 12.72
Forward P/E 11.70
Price / sales 2.10
Forward P/S Powerpack
Price / FCF 13.25
Price / book 1.08
Financial health
Current ratio Q 0.88
Debt / equity Q 0.87
Interest coverage Q —
Growth
Revenue growth Q −22.06% (below 0%: shrinking)
Operating income growth Q −48.47% (below 0%: shrinking)
EPS, this year +6.72%
EPS, next year A +19.98% (at or above 15%: strong)
Revenue, next year A −33.62% (below 0%: weak)
EPS, past 5 yrs +4.40%
EPS, next 5 yrs A +12.58%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 47.01%
10-year low 10-year high
P/S against its own 10 years 23.65%
10-year low 10-year high
P/B against its own 10 years 46.20%
10-year low 10-year high

Dividends

Yield
4.16%
Annual rate
2.08
Payout ratio
53.6%
Growth, 2018–26
+4.04%/yr
  1. 1.52 ’18
  2. 1.71 ’19 +13
  3. 1.80 ’20 +5
  4. 1.86 ’21 +3
  5. 2.00 ’22 +8
  6. 2.08 ’23 +4
  7. 2.08 ’24 +0
  8. 2.08 ’25 +0
  9. 2.08 ’26 +0
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 36,940 47,418 45,367 54,593
Receivables — — — —
Inventory — — — —
Other — — — —
345,483 350,332 370,815 376,018
2023 2024 2025 Q'26
Payables 395,865 390,524 400,398 413,233
ST’ Debt — — — —
Other — — — —
420,693 419,729 428,237 425,648

Compound Annual Growth %

10y 5y 3y
Sales 11.39% 4.50% 10.94%
Cash Flow 6.25% (5.05%) (19.69%)
Earnings 9.90% 3.52% (5.68%)
Book Value 9.08% (1.67%) 2.50%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.17 Actual 1.16

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.09 1.12 Beat by 0.03
Q1 FY26 0.99 1.09 Beat by 0.10
Q2 FY26 1.08 1.23 Beat by 0.15
Q3 FY26 1.17 1.16 Miss by 0.01
Q4 FY26 1.22 — Reports 20 January 2027

EPS $

Mar Jun Sep Dec Year
’26 1.09 1.23 0.56 — —
’25 0.87 0.90 1.04 1.00 3.82
’24 0.81 0.62 0.99 0.91 3.36
’23 1.05 0.92 0.80 (3.85) (1.08)
’22 0.99 1.09 1.15 1.20 4.43
’21 0.98 1.16 1.20 1.13 4.47
’20 0.73 0.67 0.79 0.90 3.08
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 7,408 7,611 6,114 — —
’25 7,380 7,554 7,844 7,660 30,438
’24 7,630 1,139 7,835 7,649 24,253
’23 7,205 7,555 7,561 7,629 29,950
’22 5,499 5,921 6,471 4,403 22,294
’21 5,691 5,848 5,791 5,734 23,064
’20 6,387 6,311 5,833 5,896 24,427
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 679 1,039 1,763 — —
’25 746 914 1,497 2,582 5,739
’24 (990) 845 1,534 775 2,164
’23 118 3,730 2,407 2,376 8,631
’22 (188) 3,965 3,770 3,534 11,081
’21 (33) 3,336 (218) 4,807 7,892
’20 4,628 (24) 425 2,408 7,437
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 679 1,039 1,763 — —
’25 746 914 1,497 2,582 5,739
’24 (990) 845 1,534 775 2,164
’23 118 3,730 2,407 2,376 8,631
’22 (188) 3,965 3,770 2,970 10,517
’21 (132) 3,161 (532) 4,365 7,450
’20 4,164 (146) 295 2,309 6,622
Fiscal quarters ending in the months shown.

Valuation

The price implies the dividend a share growing 8.3% a year for ten years. It grew 7.0% a year over the last ten.

Implied
8.3%
10 years, reported
7.0%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 11,538 12,156 12,996 14,664 24,427 23,064 22,294 29,950 24,253 30,438 28,793 +11.4% 20,206 21,425 22,333 (9.8%)
Gross margin, % 93.54 93.10 88.94 85.71 92.95 96.67 89.59 66.85 54.75 66.76 67.41 (26.8) pt
EBT 3,500 3,326 4,060 4,019 5,473 7,993 7,029 (765) (601) 6,349 5,964 +6.8%
EBT margin, % 30.33 27.36 31.24 27.41 22.41 34.66 31.53 (2.55) (2.48) 20.86 20.71 (9.5) pt
Net income 2,442 2,415 3,257 3,237 4,492 6,437 6,267 (1,047) 4,840 5,307 5,187 +9.0%
Per share, $
Per share, $ Revenue 14.34 15.21 16.81 18.21 18.13 17.25 16.79 22.49 18.22 23.65 23.79 +5.7%
Earnings 2.81 2.78 3.96 3.76 3.11 4.51 4.46 (1.09) 3.36 3.87 3.93 +3.6%
Cash flow 3.87 5.80 5.63 1.89 5.52 5.90 8.34 6.48 1.63 4.46 5.01 +1.6%
Capex (3.71) 0.00 (0.47) (0.28) (0.60) (0.33) (0.42) 0.00 0.00 0.00 0.00 n/m
Free cash flow 0.16 5.80 5.16 1.61 4.92 5.57 7.92 6.48 1.63 4.46 5.01 +44.7%
Book value 37.19 37.16 39.04 82.67 52.64 51.81 45.58 44.49 47.84 50.66 50.80 +3.5%
Shares, m 805 799 773 805 1,347 1,337 1,328 1,332 1,331 1,287 1,243 +5.4%
Valuation, ×
Valuation, × P/E 16.72 17.96 10.91 14.82 15.46 12.98 9.78 0.00 12.91 12.75 12.72 12.4
P/S 3.28 3.28 2.58 3.09 2.64 3.39 2.60 1.67 2.38 2.08 2.10 2.7
P/B 1.41 1.50 1.23 0.74 1.03 1.25 1.08 0.95 1.00 1.05 1.08 1.1
EV/Sales 4.80 4.97 4.06 4.12 3.26 3.71 3.21 1.73 1.87 1.97 — 3.4
EV/FCF 17.77 13.04 11.62 46.66 12.03 12.45 7.47 7.28 67.68 14.12 — 21.0
Cash, $m
Cash, $m Operating cash flow 3,115 4,635 4,349 1,520 7,437 7,892 11,081 8,631 2,164 5,739 6,063 +7.0%
Capex (2,986) (1,230) (363) (224) (815) (442) (564) — — — (1,495) (24.3%)
Free cash flow 129 4,635 3,986 1,296 6,622 7,450 10,517 8,631 2,164 5,739 6,063 +52.5%
Balance, $m
Balance, $m Working capital (19,412) (21,906) (13,556) (20,064) (62,726) (103,144) (84,352) (75,210) (69,397) (57,422) (49,630) +12.8%
Net debt 17,541 20,565 19,331 15,124 15,112 7,167 13,696 1,978 (12,462) (3,404) (1,220) n/m
Shareholders’ equity 29,926 29,695 30,178 66,558 70,912 69,271 60,537 59,253 63,679 65,189 61,472 +9.0%
Returns, %
Returns, % ROA 1.05 1.01 1.37 0.87 0.85 1.15 1.08 (0.27) 0.84 0.92 0.89 (0.1) pt
ROIC 4.83 4.28 5.31 3.35 4.60 7.21 6.31 (0.78) (0.73) 6.42 6.19 +1.6 pt
ROE 8.75 8.30 11.39 6.84 6.73 9.62 10.18 (2.73) 8.10 8.43 8.41 (0.3) pt
People
People Employees 37,500 36,484 35,852 59,000 54,982 52,641 55,126 50,832 38,335 38,711 — +0.4%
Revenue/emp, $m 0.31 0.33 0.36 0.25 0.44 0.44 0.40 0.59 0.63 0.79 — +11.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Truist Financial Corporation is a financial services company founded in 1872 and headquartered in Charlotte, North Carolina. Its main bank subsidiary, Truist Bank, provides banking and trust services through digital channels and 1,927 branches as of December 31, 2025.

The company serves individuals, small businesses, commercial clients, corporations and municipalities. For consumers and small businesses, it offers deposit accounts, mortgages, home-equity loans, auto lending, credit cards, merchant services, payments, retirement services, brokerage and wealth advice. For larger businesses, it provides commercial and industrial lending, commercial real-estate and construction lending, treasury management, wholesale payments, investment banking, capital-markets services, asset management and specialized lending.

Truist Financial Corporation vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PNC The PNC Financial Services Group, Inc $90.0B 12.1× 12.0× +6.44% (above 0%: growing) +14.22% (above 0%: growing) +15.40% (above 0%: growing) 70.11% 0.00% Compare
LYG Lloyds Banking Group PLC $74.1B 12.0× — −67.58% (below 0%: shrinking) +66.24% (above 0%: growing) +62.30% (above 0%: growing) 100.00% 0.00% Compare
DB Deutsche Bank Aktiengesellschaft $66.2B 10.1× 9.2× +5.77% (above 0%: growing) +25.97% (above 0%: growing) +127.23% (above 0%: growing) 57.34% 0.00% Compare
NWG NatWest Group plc $63.1B 8.3× 7.9× +12.91% (above 0%: growing) +40.54% (above 0%: growing) −47.36% (below 0%: shrinking) 58.30% 0.00% Compare
TFC Truist Financial Corporation $59.7B 12.7× 11.7× −22.06% (below 0%: shrinking) −45.71% (below 0%: shrinking) +17.77% (above 0%: growing) 61.29% 0.00%
NU Nu Holdings Ltd. $56.7B 16.0× 13.6× +50.29% (above 0%: growing) +69.23% (above 0%: growing) −102.15% (below 0%: shrinking) 71.77% 0.00% Compare
FITB Fifth Third Bancorp $48.3B 18.1× 17.7× +36.55% (above 0%: growing) 0.00% −26.19% (below 0%: shrinking) 72.77% 0.00% Compare
KB KB Financial Group Inc $39.5B 9.7× — +25.89% (above 0%: growing) +12.12% (above 0%: growing) +482.05% (above 0%: growing) 61.64% 0.00% Compare
ITUB Itau Unibanco Holding S.A. $39.4B 9.3× — +9.19% (above 0%: growing) +25.86% (above 0%: growing) +584.73% (above 0%: growing) 46.42% 0.00% Compare
Median of peers $59.9B 11.0× 12.0× +11.05% +25.92% +38.85% 65.88% 0.00%

All 327 Banks Regional stocks →

From the latest earnings call

Updated

  • CEO Mike Lyons said Truist is reviewing businesses and expenses to redirect resources toward relationship banking, technology, payments and client-facing staff.
  • CFO Mike Maguire said Truist completed its RAC loan sale and agreed to sell LightStream loans, with proceeds intended to reduce borrowings.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
JPMorgan Oct 5, 2026 Target cut — 50.50
Stephens Oct 5, 2026 Reiterated Outperform 57.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 76.82%
Held by the ten largest 44.23%
Holder Shares Stake Change
Vanguard 136.64m 11.18% +17.72m
Capital Group 105.46m 8.63% +8.82m
BlackRock 99.56m 8.15% +1.22m
State Street 58.69m 4.80% +501.03k
Bank of America 36.84m 3.02% −1.08m
Geode Capital Management 31.93m 2.61% +80.96k
Morgan Stanley 22.54m 1.85% +941.44k
Charles Schwab 17.61m 1.44% −92.91k
Victory Capital 15.70m 1.29% −11.23m
Invesco 15.38m 1.26% +1.16m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 16 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 14.31m 15.20m 129.86

Ownership

Directors and executive officers, together less than 1%
Vanguard Group, Inc. 9.50%
Capital International Investors 8.60%
BlackRock, Inc. 7.90%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Truist Financial Corporation (TFC) Latest News

5 Nov

Impact 3 · · MarketBeat

29 Oct

Impact 4 · · ACCESS Newswire
Impact 3 · · MT Newswires
Impact 3 · · PR Newswire
Impact 3 · · MT Newswires

27 Oct

Impact 4 · · Zacks
Impact 4 · · Simply Wall St.
Impact 3 · · PR Newswire
Impact 3 · · MT Newswires

26 Oct

Impact 3 · · StockStory
Impact 3 · · Investing.com

23 Oct

Impact 3 · · wealthmanagement.com
Impact 3 · · wealthmanagement.com
Impact 3 · · MT Newswires

20 Oct

Impact 3 · · MT Newswires

19 Oct

Impact 4 · · StockStory
Impact 4 · · The Motley Fool
Impact 4 · · PR Newswire
Impact 4 · · CNW Group
Impact 4 · · StockStory

17 Oct

Impact 4 · · Simply Wall St. earnings
Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

16 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby earnings
Impact 4 · · bankingdive.com
Impact 4 · · MarketBeat
Impact 3 · · 24/7 Wall St.
Impact 3 · · Zacks

TFC metrics, ten years each

stockrow.com/TFC · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com