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Truist Financial (TFC) stock

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NYSE: TFC NYSE Diversified Banks Next results ~January 20, 2027

D Fundamentals grade

Truist Financial is a US-listed company in the diversified banks industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$40

Valuation models combined (6)

Base case. Range ~$30–$57. Weighted average of 6 models (residual income, justified price-to-book, price-to-book vs return on equity (peers), price-to-book vs peers, forward price-to-earnings vs peers, dividend discount (two-stage)), the residual income counting double.

Price vs value

Modestly overvalued

The price is inside our value range, 24% above our base value.

Price used: $50.17, November 2, 2026

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Truist Financial files

10-Q filed October 28: Truist Financial

Revenue for the twelve months to September 2026 was $19.4bn, down 3.6% on a year earlier, against growth of 4.1% a quarter earlier. The diluted share count is down 3.8% on a year earlier, which lifts each remaining share. Its fundamentals grade moves from D to E.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 31: Truist Financial

Revenue for the twelve months to June 2026 was $19.4bn, down 3.6% on a year earlier, against growth of 4.1% a quarter earlier. The diluted share count is down 3.8% on a year earlier, which lifts each remaining share.

10-Q on SEC EDGAR

Where Truist Financial stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $20.9bn, up 4.1% on a year earlier, slower than 54.0% a quarter earlier. The diluted share count is down 3.4% on a year earlier, which lifts each remaining share. Our valuation models combined value is $41.44 a share, against a share price of $47.27.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 20, 2027 (estimated)

Where it lags: revenue growth of -3.6% ranks 14 of 14 diversified banks companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -3.6% (-7.7pp vs the prior quarter), the 2nd consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Strong cash generation. 33.4% of revenue turned into free cash flow.
  • Shrinking share count. Diluted shares fell 3.8% in a year, so each share owns more of the business.

Things to watch

  • Priced above our value. The share price of $50.17 is 20% above our value per share of $40.
  • Revenue shrinking. Revenue fell 3.6% over the last 12 months.
  • Growth slowing. The growth rate is 7.7 points lower than a quarter earlier.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
$0.56 against an average estimate of $1.21: missed by 53.8%
Revenue
$3.75bn, down 27.8% on a year earlier
Share reaction
-0.5% in the first session after the results on October 16, 2026, against -0.7% for the S&P 500
Next report
October 16, 2026; average EPS estimate $1.20

Truist Financial's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.8%
  • 1 week+2.6%
  • 1 month+8.0%
  • This year+5.1%
  • 1 year+17.2%
  • 5 years-2.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$19.4B
Net margin
25.1%
EPS (TTM, diluted)
$3.88

Growth

Revenue growth
−3.6%
Change in growth rate
−7.7 pts
Share count change
−3.8%

Earnings

Last results
October 16, 2026
Next results (est.)
January 20, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Product
  2. Product
  3. Insider trade
  4. Announcement
  5. Leadership
  6. Announcement
  7. Announcement
  8. Leadership
  9. Results
  10. Insider trade
  11. Announcement
  12. Governance
  13. Announcement
  14. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$40
Price used
$49.77close November 3, 2026
Implied change
▼ 19%
Uncertainty
Medium

How we got here: the combined value of 6 valuation models built for a business like Truist Financial (see the models table below and how they are combined) , with a 8.88% cost of equity. The models span ~$30–~$57; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Valuation models

We value Truist Financial as a bank or lender, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.88 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$37 ~$27–$52 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$30 ~$27–$35 Included
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$57 ~$29–$85 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$41 ~$54–$80 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$48 ~$45–$57 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$32 ~$27–$38 Included
Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$40 ~$30–$57 6 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Truist Financial with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

60 /100

Moderate moat

How hard Truist Financial's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 12 / 20

    Net income has been a median 1.0% of total assets over 10 years.

  • Durability 8 / 20

    Net margin has been a median 25.3%; its worst year was -14.6%.

  • Discipline 19 / 20

    The diluted share count fell 7.4% over five years; stock-based pay has been a median 1.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (64 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Truist Financial: consensus estimates
Fiscal yearEPSGrowthRevenueGrowth
Current $4.17 +9% $20.2bn −2%
Next $4.90 +18% $21.4bn +6%

Next year's EPS estimate has moved −2.5% in 90 days, across 17 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −9.9% on 90 days ago. In the last 30 days, 4 analysts raised Truist Financial's forecast and 10 cut it.

Consensus EPS forecast Truist Financial, last 90 days
$4.00 $4.50 $5.00 $5.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.63 Current fiscal year, 60 days ago: $4.62 Current fiscal year, 30 days ago: $4.66 Current fiscal year, 7 days ago: $4.14 Current fiscal year, Now: $4.17 $4.17 Next fiscal year, 90 days ago: $5.02 Next fiscal year, 60 days ago: $5.01 Next fiscal year, 30 days ago: $5.00 Next fiscal year, 7 days ago: $4.94 Next fiscal year, Now: $4.90 $4.90

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.63$5.02
60 days ago $4.62$5.01
30 days ago $4.66$5.00
7 days ago $4.14$4.94
Now $4.17$4.90

Earnings against estimates

Truist Financial: reported EPS against the consensus estimate
Quarter toEstimateActualSurprise
Sept 2026 $1.21 $0.56 −53.8%
Jun 2026 $1.08 $1.23 +13.8%
Mar 2026 $0.99 $1.09 +9.8%
Dec 2025 $1.09 $1.00 −8.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 16, 2026

No numeric guidance in Truist Financial's latest earnings release (filed October 16, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

22 analysts, Oct 2026
Buy732%
Hold1255%
Sell314%

Monthly trend

  1. Oct 20262512222
  2. Sep 20262511221
  3. Aug 2026512221
  4. Jul 2026512221

Counts of recommendations published by analysts covering Truist Financial, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.3%
of tradable shares
Days to cover
3.18
at average volume
Short interest, 1 month
+7%
to October 15, 2026
Held by institutions
80%
of shares
Held by insiders
0.2%
of shares
Employees
37,833
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +17.2%

$42.80 on October 31, 2025 to $50.17

Truist Financial: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $20.0bn $20.9bn +4.1%
Net margin 24.4% 26.5% +8.7%
P/E multiple 11.5x 11.5x 0.0%
Share count 1317m 1272m +3.6%

Biggest factor: net margin.

Last 3 years +86.4%

$26.91 on November 3, 2023 to $50.17

Truist Financial: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $19.3bn $20.9bn +8.2%
Net margin 30.1% 26.5% −11.7%
P/E multiple 6.2x 11.5x +85.5%
Share count 1338m 1272m +5.2%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Truist Financial: yearly return, monthly win rate and worst fall against the S&P 500
Calendar year 202120222023202420252026 to date
Return
TFC+26%−24%−9%+24%+19%+5%
Industry peers (median)+38%−19%+5%+34%+28%+8%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TFC67%42%33%67%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TFC−16%−38%−47%−12%−27%−21%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 59% from January 14, 2022 to May 4, 2023. Getting back needed a 145% gain, reached on February 4, 2026, 1007 days after the low.

Price behaviour

52-week range
$41.93 – $54.14
From 52-week high
−7.3%
vs 50-day average
+3.7%
vs 200-day average
+2.6%
Volatility (1 year)
23%
Beta vs S&P 500
0.61

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±3.4%
After a week
10 up, 2 down
typical move ±3.9%
After a month
8 up, 3 down
typical move ±5.6%
Truist Financial: share-price change after each results release
Results releasedNext dayS&P 500 next day5 days21 days
October 16, 2026 −0.5% −0.7% +4.0% —
July 17, 2026 −4.2% −1.1% −2.8% −0.4%
April 17, 2026 +2.9% +1.0% +2.6% −3.8%
January 21, 2026 +2.4% +1.7% +2.4% +7.5%
October 17, 2025 +5.7% +1.6% +7.5% +8.1%
July 18, 2025 −0.6% +0.1% +1.4% −0.3%
April 17, 2025 −1.9% −2.2% +4.6% +16.5%
January 17, 2025 +6.5% +1.9% +5.8% +6.9%
October 17, 2024 −1.9% +0.4% −2.5% +5.7%
July 22, 2024 +4.1% +0.9% +4.8% +0.9%
April 22, 2024 +5.5% +2.1% +4.1% +8.9%
January 18, 2024 +4.7% +2.1% +4.8% +2.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Truist Financial’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look fairly priced

Implied volatility is within its normal range against realised. Selling options earns the usual premium, nothing extra.

  • Implied is 1.23× the last 60 days’ realised volatility , richer than 62% of the 229 stocks we screen today.
  • Puts are priced 7 points richer than calls (25-delta): the market is paying up for downside protection, which favours selling puts over calls.
  • Why: implied is not far enough above realised, or not unusual against our coverage.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade D (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

TFC Truist Financial Grade D $50.04

Own 100 shares, sell the $52.50 call expiring December 18, 2026 (46 days) for $0.60 a share — $60.00 per contract.

Previous session · Bid $0.60, ask $0.70, quoted Mon 2 Nov, 17:37 New York time with TFC at $50.04. Option prices move with the shares: check the live chain at your broker before trading.

  • If TFC ends below $52.50: you keep your shares and the $60.00 — 1.2% extra on the position, 9.5% a year at that pace.
  • If it ends above $52.50: your shares are sold at $52.50, a total return of 6.1% including the premium — at or above our value of ~$40.
$307 $0 −$989 Our value $40.00 Break-even $49.43 Price $50.04
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$60.00
Annualised
9.5%
Break-even
$49.43
Max gain
$306.5
Chance of selling
~30%

Collar

Own the shares, buy the $47.50 put and sell the $52.50 call, both expiring December 18, 2026 (46 days).

  • Net cost of $0.35 a share ($35.00 per contract of 100 shares).
  • Worst case at expiry: -5.8%, if the shares fall below $47.50 (-5.1% from today).
  • Best case at expiry: +4.2%, if the shares rise above $52.50 (+4.9%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $40.00: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Truist Financial in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Truist Financial
$12B $14B $16B $18B $20B $22B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $20B Revenue (TTM), FY24 Q1: $19.6B Revenue (TTM), FY24 Q2: $12.9B Revenue (TTM), FY24 Q3: $13.1B Revenue (TTM), FY24 Q4: $13.3B Revenue (TTM), FY25 Q1: $13.4B Revenue (TTM), FY25 Q2: $20B Revenue (TTM), FY25 Q3: $20.1B Revenue (TTM), FY25 Q4: $20.3B Revenue (TTM), FY26 Q1: $20.6B Revenue (TTM), FY26 Q2: $20.9B Revenue (TTM), FY26 Q3: $19.4B $19.4B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $20B
FY24 Q1 $19.6B
FY24 Q2 $12.9B
FY24 Q3 $13.1B
FY24 Q4 $13.3B
FY25 Q1 $13.4B
FY25 Q2 $20B
FY25 Q3 $20.1B
FY25 Q4 $20.3B
FY26 Q1 $20.6B
FY26 Q2 $20.9B
FY26 Q3 $19.4B
Revenue growth, TTM YoY Truist Financial
-50% 0% 50% 100% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 0.2% Revenue growth, TTM YoY, FY24 Q1: -1.9% Revenue growth, TTM YoY, FY24 Q2: -33.1% Revenue growth, TTM YoY, FY24 Q3: -28.4% Revenue growth, TTM YoY, FY24 Q4: -33.7% Revenue growth, TTM YoY, FY25 Q1: -31.7% Revenue growth, TTM YoY, FY25 Q2: 55.5% Revenue growth, TTM YoY, FY25 Q3: 53.7% Revenue growth, TTM YoY, FY25 Q4: 53.0% Revenue growth, TTM YoY, FY26 Q1: 54.0% Revenue growth, TTM YoY, FY26 Q2: 4.1% Revenue growth, TTM YoY, FY26 Q3: -3.6% -3.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 0.2%
FY24 Q1 -1.9%
FY24 Q2 -33.1%
FY24 Q3 -28.4%
FY24 Q4 -33.7%
FY25 Q1 -31.7%
FY25 Q2 55.5%
FY25 Q3 53.7%
FY25 Q4 53.0%
FY26 Q1 54.0%
FY26 Q2 4.1%
FY26 Q3 -3.6%
FCF margin (TTM) Truist Financial
-50% 0% 50% 100% 150% FY09 Q4 FY10 Q3 FY11 Q2 FY21 Q4 FCF margin (TTM), FY09 Q4: -7.6% FCF margin (TTM), FY10 Q1: 103.0% FCF margin (TTM), FY10 Q2: 72.0% FCF margin (TTM), FY10 Q3: 24.8% FCF margin (TTM), FY10 Q4: 26.6% FCF margin (TTM), FY11 Q1: 44.7% FCF margin (TTM), FY11 Q2: 50.5% FCF margin (TTM), FY20 Q4: 29.2% FCF margin (TTM), FY21 Q1: 10.3% FCF margin (TTM), FY21 Q2: 25.6% FCF margin (TTM), FY21 Q3: 22.7% FCF margin (TTM), FY21 Q4: 33.4% 33.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY09 Q4 -7.6%
FY10 Q1 103.0%
FY10 Q2 72.0%
FY10 Q3 24.8%
FY10 Q4 26.6%
FY11 Q1 44.7%
FY11 Q2 50.5%
FY20 Q4 29.2%
FY21 Q1 10.3%
FY21 Q2 25.6%
FY21 Q3 22.7%
FY21 Q4 33.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

What Truist Financial earned on its loans and securities in FY2025, what it paid depositors and lenders, and how its revenue split between running costs, credit losses, tax and profit.

  1. Interest income $24.5B
  2. Fee and other income $5.9B · 29.0%
  3. Interest paid $10.1B
  4. Net interest income $14.4B · 71.0%
  5. Revenue $20.3B
  6. Non-interest expense $12.1B · 59.4%
  7. Credit-loss provisions $1.9B · 9.3%
  8. Pre-tax profit $6.3B · 31.2%
  9. Income tax $1B · 5.1%
  10. Other $333M · 1.6%
  11. Net income $5B · 24.5%
Where Truist Financial's revenue went, FY2025
Interest income $24.5B
Fee and other income $5.9B 29.0% of revenue
Interest paid $10.1B
Net interest income $14.4B 71.0% of revenue
Revenue $20.3B
Non-interest expense $12.1B 59.4% of revenue
Credit-loss provisions $1.9B 9.3% of revenue
Pre-tax profit $6.3B 31.2% of revenue
Income tax $1B 5.1% of revenue
Other $333M 1.6% of revenue
Net income $5B 24.5% of revenue

Shares of revenue. Source: Truist Financial's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Truist Financial: annual financial statements
Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 8.8 9.3 8.6 9.7 9.7 9.2 9.6 10.8 11.3 11.6 12.6 22.7 22.3 20.0 20.0 13.3 20.3 19.4
Net income 0.7 0.8 1.3 1.9 1.6 2.0 1.9 2.3 2.2 3.1 3.0 4.2 6.0 5.9 −1.5 4.5 5.0 4.9
Diluted EPS $1.15 $1.16 $1.83 $2.70 $2.19 $2.72 $2.56 $2.77 $2.74 $3.91 $3.71 $3.08 $4.47 $4.43 −$1.09 $3.36 $3.82 $3.88
Growth (year on year)
Revenue +18.1% +5.7% −7.1% +12.3% −0.3% −4.4% +4.1% +12.3% +4.9% +2.1% +8.7% +80.7% −1.8% −10.4% +0.2% −33.7% +53.0% −3.6%
Net income −51.3% +11.9% +58.0% +48.6% −18.4% +26.9% −2.4% +16.7% −1.7% +38.0% −1.1% +38.2% +44.2% −1.8% −124.5% — +11.3% −0.7%
Diluted EPS −57.6% +0.9% +57.8% +47.5% −18.9% +24.2% −5.9% +8.2% −1.1% +42.7% −5.1% −17.0% +45.1% −0.9% −124.6% — +13.7% +3.3%
Margins
Net margin 8.3% 8.8% 15.0% 19.8% 16.2% 21.5% 20.1% 20.9% 19.6% 26.5% 24.1% 18.4% 27.1% 29.7% −7.3% 33.7% 24.5% 25.1%
Free-cash-flow margin −7.6% 26.6% 47.0% 36.9% — — — — — 34.5% 10.3% 29.2% 33.4% 52.7% 43.1% 16.3% 28.2% 31.2%
Cash flow
Cash from operations −0.5 2.9 4.3 3.7 5.3 3.2 3.1 3.1 4.6 4.3 1.5 7.4 7.9 11.1 8.6 2.2 5.7 6.1
Capital spending 0.2 0.4 0.2 0.1 — — — — — 0.4 0.2 0.8 0.4 0.6 0.0 0.0 0.0 0.0
Free cash flow −0.7 2.5 4.1 3.6 — — — — — 4.0 1.3 6.6 7.5 10.5 8.6 2.2 5.7 6.1
Stock-based pay 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.4 0.3 0.3 0.3 0.3 0.3 0.3
Free cash flow after stock pay −0.7 2.4 4.0 3.5 — — — — — 3.8 1.1 6.3 7.1 10.3 8.3 1.9 5.4 5.7
Balance sheet
Cash 2.6 2.1 3.6 3.0 2.2 2.3 4.2 4.3 3.0 3.8 19.1 18.9 20.3 21.4 30.6 39.8 36.4 45.5
Total debt 29.5 27.4 25.4 22.0 25.6 27.0 27.4 23.4 28.6 28.9 59.6 45.7 41.2 66.6 63.7 64.2 69.8 65.8
Net debt (negative = net cash) 26.8 25.3 21.8 18.9 23.5 24.7 23.2 19.1 25.6 25.0 40.5 26.8 20.9 45.2 33.1 24.4 33.4 20.3
Diluted shares 636m 701m 705m 709m 714m 728m 758m 815m 811m 783m 815m 1,358m 1,349m 1,338m 1,332m 1,331m 1,303m 1,254m
Returned to shareholders
Dividends 0.7 0.4 0.4 0.5 0.8 0.7 0.8 0.9 1.0 1.2 1.3 2.4 2.5 2.7 2.8 2.8 2.7 2.6
Buybacks 0.0 — — — — — 0.0 0.5 1.6 1.2 0.0 0.0 1.6 0.3 0.0 1.0 2.5 4.3
Total returned 0.7 0.4 0.4 0.5 0.8 0.7 0.8 1.4 2.6 2.4 1.3 2.4 4.1 2.9 2.8 3.8 5.2 6.9

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$4.3B
Dividends (TTM)
$2.6B
Buybacks, last 3 fiscal years
$3.5B
Diluted share count
−3.8%
year over year
Dividend payout ratio
53%
of net income paid out

Competitors: side by side with peers

Closest by revenue in diversified banks
Growth, margins and cash generation against peers
Last 12 months unless stated TFC CM NU PNC BMO HDB Median
Revenue, last 12 months $19.4bn $20.8bn $15.8bn $25.0bn $25.9bn $26.4bn $28.3bn
Revenue growth, last 12 months −3.6% 10.6% 37.0% 13.2% 7.5% 1.7% 9.6%
Revenue growth, 3-year average 2.0% — — 4.1% — 86.1% 4.9%
Revenue growth, latest quarter −27.8% — — 21.4% — — 10.1%
Net margin 25.1% 28.9% 18.2% 29.4% 24.0% 30.3% 27.2%
Cash from operations / revenue 31.2% 47.5% 22.2% 29.9% 28.2% 48.1% 30.6%
Free-cash-flow margin 33.4% — 15.0% 28.4% 22.2% 45.8% 24.3%
Free-cash-flow margin, 3-year average 29.1% — — 29.2% 64.8% 41.6% 27.9%
Stock pay / revenue 1.8% 0.1% 1.7% 1.1% — 1.0% 1.6%
Change in share count −3.8% −0.1% 0.4% 0.1% −0.7% 0.6% −0.5%

Median of all 14 companies we cover in diversified banks. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

14 diversified banks companies
Measures ranked against peers
Measure Company Peer median Rank
Revenue growth Growth -3.6% 10.2% 14 of 14
Change in growth rate Growth -7.7pp +1.8pp 13 of 14
Net margin Profitability 25.1% 27.5% 10 of 14
Stock pay as % of revenue Cash generation 1.8% 1.7% 6 of 8
Change in share count Balance sheet -3.8% -0.3% 4 of 14

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Reported value
$46.8B
Institutions reporting
1,682
Shares held vs prior quarter
▲ 1.2%
Positions opened / closed
148 / 91

Top buyers and sellers, Q2 2026: 775 institutions bought and 746 sold ; the biggest buyer was Vanguard Portfolio Management LLC (+17.8M shares) and the biggest seller Victory Capital Management Inc (−11.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $5B 99.6M 10.6% ▲ 1.2%
Capital International Investors $4.7B 93.3M 9.9% ▲ 10.4%
Vanguard Capital Management LLC $4.1B 81.3M 8.6% ▼ 0.2%
State Street Corp $2.9B 58.7M 6.2% ▲ 0.9%
Vanguard Portfolio Management LLC $2.1B 41.9M 4.5% ▲ 73.8%
Bank Of America Corp $1.8B 36.8M 3.9% ▼ 2.9%
Geode Capital Management, LLC $1.6B 31.9M 3.4% ▲ 0.3%
Morgan Stanley $1.1B 22.5M 2.4% ▲ 4.4%
Charles Schwab Investment Management Inc $877M 17.6M 1.9% ▼ 0.5%
Victory Capital Management Inc $782M 15.7M 1.7% ▼ 41.7%
Invesco Ltd. $766M 15.4M 1.6% ▲ 8.1%
Northern Trust Corp $627M 12.6M 1.3% ▼ 0.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Truist Financial's complete shareholder register. Values are as reported by the filers ; 8 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Recent insider open-market transactions
Insider Date Trade Shares Price Value
Lyons Michael P. President & CEO October 28, 2026 Buy 25,000 $48.36 $1.2M
Lyons Michael P. President & CEO September 17, 2026 Buy 21,000 $48.36 $1M
Wilson Donta L Chief Consumer & SB BK Officer July 31, 2026 Sell 13,280 $51.85 $688,618
Boyer K. David Jr. Director July 23, 2026 Sell 3,986 $50.70 $202,090
Rogers William H Jr Chairman & CEO July 20, 2026 Sell 13,250 $52.36 $693,810
Powell Cynthia B Corp. Controller & CAO February 2, 2026 Sell 3,500 $52.49 $183,715
Maguire Michael Baron Chief Financial Officer January 26, 2026 Sell 13,000 $50.13 $651,664
Boyer K. David Jr. Director November 25, 2025 Sell 5,160 $46.45 $239,682

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 28 trades and filings

In the last 12 months, 2 members of Congress disclosed 0 purchases and 2 sales of Truist Financial shares.

  • Lloyd Smucker(R-PA 11):Sale (full), $1,001 - $15,000, traded April 17, 2026, filed April 30, 2026
  • Dan Newhouse(R-WA 4):Sale (full), $1,001 - $15,000, traded December 11, 2025, filed January 15, 2026
  • Dan Newhouse(R-WA 4):Sale (partial), $1,001 - $15,000, traded April 11, 2025, filed May 16, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 20, 2027 estimated from the company's past filing pattern, not announced

  • October 16, 2026
  • July 17, 2026
  • April 17, 2026
  • January 21, 2026
  • October 17, 2025
  • July 18, 2025

Recent SEC filings

Data status

When each part of this page on Truist Financial was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Truist Financial in brief

What does Truist Financial do?
Truist Financial is a US-listed company in the diversified banks industry. Its financial year ends in December.
What is Truist Financial's stock ticker?
Truist Financial trades under the ticker TFC on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Truist Financial's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Truist Financial reported revenue of $19.4B, 3.6% lower than a year earlier, according to its SEC filings.
Who are Truist Financial's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Capital International Investors and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Truist Financial buying back stock, and does it pay a dividend?
Truist Financial spent $4.3B on share repurchases over the trailing twelve months, and its diluted share count fell 3.8% over the year.
What is Truist Financial's market cap?
On November 2, 2026, Truist Financial's market capitalisation was about $62.9B, with a price-to-earnings ratio of 12.9 and net debt of $20.3B. Market figures come from third-party market data and may be delayed.
Does Truist Financial pay a dividend?
Yes: Truist Financial paid $2.6B in dividends over the trailing twelve months and a payout ratio of 52.7%.
Who are Truist Financial's competitors?
In our Diversified Banks peer group, the companies closest to Truist Financial are Canadian Imperial Bank Of Commerce, Nu Holdings Ltd., PNC Financial Services, Bank Of Montreal and Hdfc Bank LTD. The side-by-side comparison below sets their revenue, margins and growth against Truist Financial's.
Are insiders buying or selling Truist Financial stock?
Over the last 12 months, Truist Financial's directors and officers reported 2 open-market purchases and 6 sales on Form 4. The insider trading page charts every trade.
When is Truist Financial's next earnings date?
Around January 20, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Truist Financial announces its own schedule.