TFC
Truist Financial Corporation
Banks - Regional
Market Cap$66.85B
5Y Perf.+38.1%
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Stock Comparison
TFC vs PNC
Revenue, margins, valuation, and 5-year total return — side by side.
PNC
The PNC Financial Services Group, Inc.
Banks - Regional
Market Cap$89.93B
5Y Perf.+95.0%
TFC vs PNC — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | TFC | PNC |
|---|---|---|
| Industry | Banks - Regional | Banks - Regional |
| Market Cap | $66.85B | $89.93B |
| Revenue (TTM) | $24.25B | $33.69B |
| Net Income (TTM) | $5.23B | $6.53B |
| Gross Margin | 47.0% | 59.4% |
| Operating Margin | -2.5% | 21.5% |
| Forward P/E | 11.2x | 12.0x |
| Total Debt | $62.27B | $61.67B |
| Cash & Equiv. | $39.77B | $46.25B |
TFC vs PNC — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
TFC
PNC
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Truist Financial Co… (TFC) | 100 | 138.1 | +38.1% |
| The PNC Financial S… (PNC) | 100 | 195.0 | +95.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TFC vs PNC
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: PNC leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Truist Financial Corporation is the stronger pick specifically for valuation and capital efficiency and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
TFC
Truist Financial Corporation
The Banking Pick
TFC is the clearest fit if your priority is bank quality.
- NIM 2.7% vs PNC's 2.4%
- Lower P/E (11.2x vs 12.0x)
- 4.1% yield, 10-year raise streak, vs PNC's 2.9%
Best for: bank quality
PNC
The PNC Financial Services Group, Inc.
The Banking Pick
PNC carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 14 yrs, beta 0.96, yield 2.9%
- Rev growth 5.6%, EPS growth 7.4%
- 216.9% 10Y total return vs TFC's 101.7%
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | PNC | 5.6% NII/revenue growth vs TFC's -19.0% |
| Value | TFC | Lower P/E (11.2x vs 12.0x) |
| Quality / Margins | PNC | Efficiency ratio 0.4% vs TFC's 0.5% (lower = leaner) |
| Stability / Safety | PNC | Beta 0.96 vs TFC's 1.07 |
| Dividends | TFC | 4.1% yield, 10-year raise streak, vs PNC's 2.9% |
| Momentum (1Y) | PNC | +40.2% vs TFC's +35.7% |
| Efficiency (ROA) | PNC | Efficiency ratio 0.4% vs TFC's 0.5% |
TFC vs PNC — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2016
FY 2023
TFC vs PNC — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLPNCLAGGINGTFC
TFCTruist Financial Corp…
0leads
PNCThe PNC Financial Ser…
4leads
6 Total Categories
CATEGORYLEADERvs TFCMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
PNC4/5
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
PNC8/9
Total Returns1Y, 3Y, 5Y total returns with dividends
PNC6/6
Risk & VolatilityBeta, volatility, and downside exposure
PNC2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
PNC leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
PNC and TFC operate at a comparable scale, with $33.7B and $24.3B in trailing revenue. Profitability is closely matched — net margins range from 19.9% (TFC) to 17.5% (PNC).
| Metric | TFCTruist Financial … | PNCThe PNC Financial… |
|---|---|---|
| RevenueTrailing 12 months | $24.3B | $33.7B |
| EBITDAEarnings before interest/tax | $7.2B | $8.3B |
| Net IncomeAfter-tax profit | $5.2B | $6.5B |
| Free Cash FlowCash after capex | $3.9B | $5.4B |
| Gross MarginGross profit ÷ Revenue | +47.0% | +59.4% |
| Operating MarginEBIT ÷ Revenue | -2.5% | +21.5% |
| Net MarginNet income ÷ Revenue | +19.9% | +17.5% |
| FCF MarginFCF ÷ Revenue | +8.9% | +23.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -9.1% | +24.6% |
PNC leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
Evenly matched — TFC and PNC each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 15.1x trailing earnings, TFC trades at a 7% valuation discount to PNC's 16.2x P/E. On an enterprise value basis, PNC's 14.0x EV/EBITDA is more attractive than TFC's 236.4x.
| Metric | TFCTruist Financial … | PNCThe PNC Financial… |
|---|---|---|
| Market CapShares × price | $66.8B | $89.9B |
| Enterprise ValueMkt cap + debt − cash | $89.3B | $105.3B |
| Trailing P/EPrice ÷ TTM EPS | 15.12x | 16.19x |
| Forward P/EPrice ÷ next-FY EPS est. | 11.20x | 12.04x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.23x |
| EV / EBITDAEnterprise value multiple | 236.37x | 14.04x |
| Price / SalesMarket cap ÷ Revenue | 2.76x | 2.67x |
| Price / BookPrice ÷ Book value/share | 1.06x | 1.63x |
| Price / FCFMarket cap ÷ FCF | 30.89x | 11.41x |
Evenly matched — TFC and PNC each lead in 3 of 6 comparable metrics.
Profitability & Efficiency
PNC leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
PNC delivers a 11.1% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $8 for TFC. TFC carries lower financial leverage with a 0.98x debt-to-equity ratio, signaling a more conservative balance sheet compared to PNC's 1.13x. On the Piotroski fundamental quality scale (0–9), PNC scores 7/9 vs TFC's 4/9, reflecting strong financial health.
| Metric | TFCTruist Financial … | PNCThe PNC Financial… |
|---|---|---|
| ROE (TTM)Return on equity | +8.0% | +11.1% |
| ROA (TTM)Return on assets | +1.0% | +1.1% |
| ROICReturn on invested capital | -0.4% | +4.5% |
| ROCEReturn on capital employed | -0.5% | +5.3% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 7 |
| Debt / EquityFinancial leverage | 0.98x | 1.13x |
| Net DebtTotal debt minus cash | $22.5B | $15.4B |
| Cash & Equiv.Liquid assets | $39.8B | $46.3B |
| Total DebtShort + long-term debt | $62.3B | $61.7B |
| Interest CoverageEBIT ÷ Interest expense | 0.62x | 0.72x |
PNC leads this category, winning 8 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
PNC leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PNC five years ago would be worth $12,770 today (with dividends reinvested), compared to $9,987 for TFC. Over the past 12 months, PNC leads with a +40.2% total return vs TFC's +35.7%. The 3-year compound annual growth rate (CAGR) favors PNC at 27.4% vs TFC's 25.7% — a key indicator of consistent wealth creation.
| Metric | TFCTruist Financial … | PNCThe PNC Financial… |
|---|---|---|
| YTD ReturnYear-to-date | +3.2% | +6.8% |
| 1-Year ReturnPast 12 months | +35.7% | +40.2% |
| 3-Year ReturnCumulative with dividends | +98.4% | +106.7% |
| 5-Year ReturnCumulative with dividends | -0.1% | +27.7% |
| 10-Year ReturnCumulative with dividends | +101.7% | +216.9% |
| CAGR (3Y)Annualised 3-year return | +25.7% | +27.4% |
PNC leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
PNC leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
PNC is the less volatile stock with a 0.96 beta — it tends to amplify market swings less than TFC's 1.07 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | TFCTruist Financial … | PNCThe PNC Financial… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.07x | 0.96x |
| 52-Week HighHighest price in past year | $56.20 | $243.94 |
| 52-Week LowLowest price in past year | $38.27 | $163.31 |
| % of 52W HighCurrent price vs 52-week peak | +90.4% | +91.2% |
| RSI (14)Momentum oscillator 0–100 | 51.9 | 53.9 |
| Avg Volume (50D)Average daily shares traded | 8.6M | 2.1M |
PNC leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — TFC and PNC each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates TFC as "Buy" and PNC as "Hold". Consensus price targets imply 13.6% upside for PNC (target: $253) vs 13.3% for TFC (target: $58). For income investors, TFC offers the higher dividend yield at 4.10% vs PNC's 2.85%.
| Metric | TFCTruist Financial … | PNCThe PNC Financial… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $57.56 | $252.63 |
| # AnalystsCovering analysts | 54 | 46 |
| Dividend YieldAnnual dividend ÷ price | +4.1% | +2.9% |
| Dividend StreakConsecutive years of raises | 10 | 14 |
| Dividend / ShareAnnual DPS | $2.08 | $6.34 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.6% | +1.3% |
Evenly matched — TFC and PNC each lead in 1 of 2 comparable metrics.
Key Takeaway
PNC leads in 4 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 2 categories are tied.
Best OverallThe PNC Financial Services … (PNC)Leads 4 of 6 categories
Loading custom metrics...
TFC vs PNC: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is TFC or PNC a better buy right now?
For growth investors, The PNC Financial Services Group, Inc.
(PNC) is the stronger pick with 5. 6% revenue growth year-over-year, versus -19. 0% for Truist Financial Corporation (TFC). Truist Financial Corporation (TFC) offers the better valuation at 15. 1x trailing P/E (11. 2x forward), making it the more compelling value choice. Analysts rate Truist Financial Corporation (TFC) a "Buy" — based on 54 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — TFC or PNC?
On trailing P/E, Truist Financial Corporation (TFC) is the cheapest at 15.
1x versus The PNC Financial Services Group, Inc. at 16. 2x. On forward P/E, Truist Financial Corporation is actually cheaper at 11. 2x.
03Which is the better long-term investment — TFC or PNC?
Over the past 5 years, The PNC Financial Services Group, Inc.
(PNC) delivered a total return of +27. 7%, compared to -0. 1% for Truist Financial Corporation (TFC). Over 10 years, the gap is even starker: PNC returned +216. 9% versus TFC's +101. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — TFC or PNC?
By beta (market sensitivity over 5 years), The PNC Financial Services Group, Inc.
(PNC) is the lower-risk stock at 0. 96β versus Truist Financial Corporation's 1. 07β — meaning TFC is approximately 12% more volatile than PNC relative to the S&P 500. On balance sheet safety, Truist Financial Corporation (TFC) carries a lower debt/equity ratio of 98% versus 113% for The PNC Financial Services Group, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — TFC or PNC?
By revenue growth (latest reported year), The PNC Financial Services Group, Inc.
(PNC) is pulling ahead at 5. 6% versus -19. 0% for Truist Financial Corporation (TFC). On earnings-per-share growth, the picture is similar: Truist Financial Corporation grew EPS 408. 3% year-over-year, compared to 7. 4% for The PNC Financial Services Group, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — TFC or PNC?
Truist Financial Corporation (TFC) is the more profitable company, earning 19.
9% net margin versus 17. 5% for The PNC Financial Services Group, Inc. — meaning it keeps 19. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PNC leads at 21. 5% versus -2. 5% for TFC. At the gross margin level — before operating expenses — PNC leads at 59. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is TFC or PNC more undervalued right now?
On forward earnings alone, Truist Financial Corporation (TFC) trades at 11.
2x forward P/E versus 12. 0x for The PNC Financial Services Group, Inc. — 0. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PNC: 13. 6% to $252. 63.
08Which pays a better dividend — TFC or PNC?
All stocks in this comparison pay dividends.
Truist Financial Corporation (TFC) offers the highest yield at 4. 1%, versus 2. 9% for The PNC Financial Services Group, Inc. (PNC).
09Is TFC or PNC better for a retirement portfolio?
For long-horizon retirement investors, The PNC Financial Services Group, Inc.
(PNC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 96), 2. 9% yield, +216. 9% 10Y return). Both have compounded well over 10 years (PNC: +216. 9%, TFC: +101. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between TFC and PNC?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(TFC: -19.0% · PNC: 5.6%)Net Margin>
%
(TFC: 19.9% · PNC: 17.5%)P/E Ratio<
x
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