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Friday 6 November 2026 Export TFC’s income statement to Excel — free account

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

Truist Financial Corporation (TFC) valuation and DCF model

What the price implies · reverse DCF

At $50.00 the price implies 8.3% a year of dividend growth, at a 9.0% cost of equity.

The dividend a share grew 7.0% a year over the last ten years, 2.8% over the last five. The price asks for close to its ten-year rate. Return on equity averaged 7.6% over ten years; the price implies 8.9% for good.

In December 2017 the price assumed 15.1% a year; Truist Financial Corporation went on to grow the dividend a share 3.1% a year to FY2025.

Price implies
8.3%
Last 5 years, reported
2.8%
Last 10 years, reported
7.0%

The headline discounts the last twelve months’ the dividend a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
8.3% a year for ten years
$50.00
today’s price
Its base case
7.0% a year for five years, then 4.2%
$41.25
17.5% below today’s price

Both are growth in the dividend a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Truist Financial Corporation’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Dividends
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in the dividend. It usually slows as the company matures.

Today’s price implies the dividend a share growing 8.3% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against Truist Financial Corporation’s own cost of capital: risk-free 4.3% + beta 0.87 × equity premium 4.5% = 8.2% cost of equity; weighted, 8.2%.

Use 8.2%
Base case value per share $41.25 ten years discounted, and what follows
Current price $50.00 market price per share
Below today’s price 17.5% downside at the base case’s assumptions

How we got there$17.81 10 years of dividends+$23.44 terminal value=$41.25 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Banks Regional).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 12.72× 12.23× 13.70× 7% below 12.02× 6% above
P/FCF 13.25× 25.50× 19.96× 34% below 10.60× 25% above
P/B 1.08× 1.03× 1.09× 1% below 1.23× 13% below
EV/Sales — 2.50× 3.37× — 3.90× —
P/E P/FCF P/B EV/Sales
10.23×12.70×15.16×17.62×10Y avg 13.70×2016201720182019202020212022202420252026

TFC trades at 12.72× P/E, against a 10-year average of 13.70× (range 9.78×–17.96×). That is cheaper than 78% of the last 9 year-end readings; re-rating to the average implies $53.84 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.