A Business at a Glance
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TRUIST FINANCIAL CORP
TFC
$67.4B
Mkt Cap
$51.76
+1.09%
TRUIST FINANCIAL CORP (TFC) has a current P/E ratio of 13.5, compared to its historical median P/E of 11.7. The stock is currently considered Expensive based on its historical valuation range.
TRUIST FINANCIAL CORP (TFC) has a 5-year average return on invested capital (ROIC) of 3.8%. This is below average and may indicate limited pricing power.
TRUIST FINANCIAL CORP (TFC) has a market capitalization of $64.5B. It is classified as a large-cap stock.
Yes, TRUIST FINANCIAL CORP (TFC) pays a dividend with a trailing twelve-month yield of 4.09%. The company also returns capital through share buybacks, with a buyback yield of 4.86%.
Based on historical P/E analysis, TRUIST FINANCIAL CORP (TFC) appears expensive. The current P/E of 13.5 is 16% above its historical median of 11.7. The estimated fair value CAGR (P/E method) is -10.9%.
TRUIST FINANCIAL CORP (TFC) operates in the National Commercial Banks industry, within the Financials sector.
TRUIST FINANCIAL CORP (TFC) reported annual revenue of $30.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
Truist Financial Corporation is a purpose-driven financial services company headquartered in Charlotte, North Carolina, operating through two primary segments: Wholesale Banking (WB) and Community and Small Business Banking (CSBB). The company offers a comprehensive range of products and services including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist Bank, the company's largest subsidiary and one of the 10 largest commercial banks in the U.S., operates 1,927 branches and serves individuals, businesses, and municipalities through both digital platforms and physical locations. The company generates revenue through lending activities—including commercial and industrial, commercial real estate, residential mortgage, and consumer loans—as well as non-lending services such as deposits, merchant services, treasury management, wealth advisory, investment brokerage, and capital markets services. Truist maintains leading market share in high-growth U.S. markets, with significant deposit market share in Florida (22%), Georgia (21%), Virginia (14%), and North Carolina (13%), and competes across national, regional, and local markets against banks, credit unions, fintech companies, and other financial services providers by emphasizing its client-first approach, digital capabilities, and comprehensive service offerings.
【Strategic profitability acceleration】 Management expects meaningful revenue and profitability improvement over the next two years through deepening client relationships in consumer and wholesale segments, particularly in wealth, payments, premier banking, investment banking, and commercial banking where momentum is already strong. The company anticipates revenue growth to more than double in 2026 compared to 2025, driven by both net interest income growth and accelerating fee-based businesses, combined with disciplined expense management to generate greater operating leverage. Management is confident in achieving its 15% return on tangible common equity target in 2027 and has established a long-term ROTCE target of 16%-18% over a three to five year horizon, supported by expected improvements in client deposits, net interest margin expansion, and double-digit growth across fee businesses. The company plans to continue investing in talent, technology, and risk infrastructure while maintaining credit discipline and returning increased capital to shareholders through share repurchases.
| Metric | Target | Period |
|---|---|---|
| Average loan growth | 3%-4% | FY2026 |
| Net interest income growth | 2%-3% | FY2026 |
| Non-interest income growth | High single-digit | FY2026 |
| Non-interest expense growth | Approximately 1.75% | FY2026 |
| Net charge-offs | About 55 basis points | FY2026 |
| Effective tax rate | Approximately 14.5% | FY2026 |
| Share repurchases | Approximately $5 billion | FY2026 |
| Return on tangible common equity (ROTCE) | 14% | FY2026 |
| Return on tangible common equity (ROTCE) | 15% | FY2027 |
| Long-term return on tangible common equity (ROTCE) | 16%-18% | Three to five year horizon |
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 20.6B | 30.4B | 24.3B | 29.9B | 22.3B | 23.1B |
| Net Income | 5.2B | 5.0B | 4.5B | -1.5B | 5.9B | 6.0B |
| EPS | $4.10 | $3.82 | $3.36 | $-1.09 | $4.43 | $4.47 |
| Free Cash Flow | 0 | 5.7B | 2.2B | 8.6B | 10.5B | 7.5B |
| ROIC | 0.0% | 4.8% | 4.5% | -1.4% | 5.7% | 5.6% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 1.08 | 1.07 | 1.01 | 1.08 | 1.10 | 0.59 |
| Dividends/Share | $2.12 | $2.08 | $2.08 | $2.08 | $2.00 | $1.86 |
| Operating Income | 0 | 6.3B | -601M | -765M | 7.0B | 8.0B |
| Operating Margin | 0.0% | 20.9% | -2.5% | -2.6% | 31.5% | 34.7% |
| ROE | 8.1% | 7.7% | 7.3% | -2.4% | 9.1% | 8.6% |
| Shares Outstanding | 1,246M | 1,302M | 1,330M | 1,332M | 1,338M | 1,350M |
TRUIST FINANCIAL CORP passes 3 of 9 quality checks, indicating weak fundamentals.
TRUIST FINANCIAL CORP trades at 13.5x trailing earnings, compared to its 15-year median P/E of 11.7x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 11.7x vs a median of 11.8x. The company's 5-year average ROIC is 3.8%. Total shareholder yield (dividends + buybacks) is 9.0%. At current prices, the estimated annualized return to fair value is +1.6%.
TRUIST FINANCIAL CORP (TFC) has a net profit margin of 16.3%. This is a healthy margin.
TRUIST FINANCIAL CORP (TFC) generated $5.7 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TRUIST FINANCIAL CORP (TFC) has a debt-to-equity ratio of 1.07. This indicates moderate leverage.
TRUIST FINANCIAL CORP (TFC) reported earnings per share (EPS) of $3.82 in its most recent fiscal year.
TRUIST FINANCIAL CORP (TFC) has a return on equity (ROE) of 7.7%. This indicates moderate shareholder returns.
The Ledger Terminal provides 19 years of financial data for TRUIST FINANCIAL CORP (TFC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TRUIST FINANCIAL CORP (TFC) has a book value per share of $50.06, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects meaningful revenue and profitability improvement over the next two years through deepening client relationships in consumer and wholesale segments, particularly in wealth, payments, premier banking, investment banking, and commercial banking where momentum is already strong. The company anticipates revenue growth to more than double in 2026 compared to 2025, driven by both net interest income growth and accelerating fee-based businesses, combined with disciplined expense management to generate greater operating leverage. Management is confident in achieving its 15% return on tangible common equity target in 2027 and has established a long-term ROTCE target of 16%-18% over a three to five year horizon, supported by expected improvements in client deposits, net interest margin expansion, and double-digit growth across fee businesses. The company plans to continue investing in talent, technology, and risk infrastructure while maintaining credit discipline and returning increased capital to shareholders through share repurchases.
Based on recent SEC filings and earnings calls, TRUIST FINANCIAL CORP (TFC) has provided the following forward guidance: Average loan growth: 3%-4% (FY2026); Net interest income growth: 2%-3% (FY2026); Non-interest income growth: High single-digit (FY2026); Non-interest expense growth: Approximately 1.75% (FY2026); Net charge-offs: About 55 basis points (FY2026), plus 5 additional metrics.
Average loan growth (FY2026): “Based on our current pipeline and economic outlook, we continue to expect average loan growth of approximately 3%-4% in 2026.”
Net interest income growth (FY2026): “For full year 2026, we now expect net interest income to increase 2%-3%, compared with our prior expectation of 3%-4% growth.”
Non-interest income growth (FY2026): “We now expect high single-digit growth in non-interest income compared with our prior expectation of mid- to high-single-digit growth.”
Non-interest expense growth (FY2026): “In addition, we now expect full year GAAP non-interest expense to increase approximately 1.75% in 2026 versus our previous expectation of 1.25%-2.25% growth.”
Net charge-offs (FY2026): “In terms of asset quality, there's no change in our expectations for net charge-offs to be about 55 basis points in 2026.”
Effective tax rate (FY2026): “Due to increased client-driven transaction activity in our project finance business, we now expect our effective tax rate to approximate 14.5%, or 16.5% on a taxable equivalent basis in 2026, versus our previous expectation of 16.5% and 18.5%, respectively.”
Share repurchases (FY2026): “Finally, as it relates to buybacks, we're now targeting $5 billion of share repurchases in 2026 versus our previous expectation of $4 billion.”
Return on tangible common equity (ROTCE) (FY2026): “As a result, we remain confident in the EPS trajectory we expected in January and in our ability to achieve our 14% ROTCE target in 2026 and our 15% ROTCE target in 2027.”