Upside case
Bull case
—
The bull case requires both strong earnings delivery and the market pricing TFC more generously than it does today.
Analysis OverviewBuyUpdated May 1, 2026
Truist Financial Corporation (TFC) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
54
analysts
33 bullish · 2 bearish · 54 covering TFC
Strong Buy
0
Buy
33
Hold
19
Sell
2
Strong Sell
0
Consensus Target
$58
+15.2% vs today
Scenario Range
$2 – —
Model bear to bull value window
Coverage
54
Published analyst ratings
Valuation Context
11.0x
Forward P/E · Market cap $65.7B
TFC price targets
Three scenarios for where TFC stock could go
Current
~$50
Confidence
40 / 100
Updated
May 1, 2026
Where we are now
Current · $50
Bear
$2
Base
$44
Market caseClosest to today
Base case
$44-12.0%
This is close to how the market is already pricing TFC — at roughly 10x forward earnings. No dramatic re-rating needed, just steady execution on the core business.
Stress case
Bear case
$2-95.3%
If investor confidence fades or macro conditions deteriorate, a 10x multiple contraction could push TFC down roughly 95% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Truist Financial Corporation
TFC · NYSEFinancial ServicesBanks - RegionalDecember year-end
Truist Financial Corporation is a major regional bank holding company providing comprehensive banking, lending, and insurance services primarily in the Southeastern and Mid-Atlantic United States. It generates revenue through three main segments: Consumer Banking and Wealth (deposits, mortgages, wealth management), Corporate and Commercial Banking (commercial lending, treasury services), and Insurance Holdings (property/casualty, life, employee benefits insurance). Its competitive advantage lies in its extensive regional branch network and integrated financial services model—combining traditional banking with insurance and wealth management under one roof.
Market Cap
$65.7B
Net Income TTM
$5.2B
TFC Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
58%Exceptional
12 quarters tracked
Revenue Beat Rate
25%Exceptional
vs consensus estimates
Avg EPS Surprise
+4.2%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 2 of 4Q3 2025
EPS
$0.91/$0.92
Revenue
$5.0B/$5.0B
Q4 2025
EPS
$1.04/$0.99
Revenue
$5.2B/$5.2B
Q1 2026
EPS
$1.00/$1.09
Revenue
$5.3B/$5.3B
Q2 2026
EPS
$1.09/$1.00
Revenue
$5.2B/$5.2B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $0.91/$0.92 | -1.4% | $5.0B/$5.0B | -0.5% |
| Q4 2025 | $1.04/$0.99 | +4.5% | $5.2B/$5.2B | -0.0% |
| Q1 2026 | $1.00/$1.09 | -8.3% | $5.3B/$5.3B | -0.2% |
| Q2 2026 | $1.09/$1.00 | +9.3% | $5.2B/$5.2B | +0.6% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$20.3B
-16.2% YoY
FY2
$18.1B
-11.1% YoY
EPS Outlook
FY1
$3.25
-18.8% YoY
FY2
$2.96
-9.1% YoY
Trailing FCF (TTM)$3.9B
Next Earnings
—
Expected EPS
—
Expected Revenue
—
TFC beat EPS estimates in 2 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
TFC Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2016
Total disclosed revenue $0
Product Mix
Latest annual revenue by segment or product family
Community Banking
—
+13.3% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Segment breakdown not available for this company.
Community Banking is the largest disclosed segment at — of FY 2016 revenue, up 13.3% YoY.
TFC Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Fairly Valued
Fair value est. $53 — implies +4.0% from today's price.
Upside to Fair Value
4.0%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
TFC
14.9x
vs
S&P 500
25.1x
41% discount
vs Financial Services Trailing P/E
TFC
14.9x
vs
Financial Services
13.3x
+12% premium
vs TFC 5Y Avg P/E
Today
14.9x
vs
5Y Average
12.8x
+16% premium
Forward PE
11.0x
S&P 500
19.1x
-42%
Financial Services
10.4x
+6%
5Y Avg
—
—
Trailing PE
14.9x
S&P 500
25.1x
-41%
Financial Services
13.3x
+12%
5Y Avg
12.8x
+16%
PEG Ratio
—
S&P 500
1.72x
—
Financial Services
1.01x
—
5Y Avg
—
—
EV/EBITDA
233.4x
S&P 500
15.2x
+1434%
Financial Services
11.4x
+1944%
5Y Avg
11.9x
+1866%
Price/FCF
30.4x
S&P 500
21.1x
+44%
Financial Services
10.6x
+188%
5Y Avg
11.7x
+161%
Price/Sales
2.7x
S&P 500
3.1x
-13%
Financial Services
2.2x
+22%
5Y Avg
2.5x
+7%
Dividend Yield
4.17%
S&P 500
1.87%
+123%
Financial Services
2.70%
+55%
5Y Avg
4.38%
-5%
| Metric | TFC | S&P 500 | Financial Services | 5Y Avg TFC |
|---|---|---|---|---|
| Forward PE | 11.0x | 19.1x-42% | 10.4x | — |
| Trailing PE | 14.9x | 25.1x-41% | 13.3x+12% | 12.8x+16% |
| PEG Ratio | — | 1.72x | 1.01x | — |
| EV/EBITDA | 233.4x | 15.2x+1434% | 11.4x+1944% | 11.9x+1866% |
| Price/FCF | 30.4x | 21.1x+44% | 10.6x+188% | 11.7x+161% |
| Price/Sales | 2.7x | 3.1x-13% | 2.2x+22% | 2.5x |
| Dividend Yield | 4.17% | 1.87% | 2.70% | 4.38% |
TFC trades above S&P 500 benchmarks on 2 of 5 measured multiples — is elevated on some multiples, but competitive on others — a mixed valuation picture.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolTFC Financial Health
Verdict
Stressed
TFC generates 8.0% ROE and 1.0% return on assets — the two primary signals for banking profitability. FCF-based metrics are not applicable to financial companies.
Earnings Engine
Revenue, profitability, and return on capital
Revenue (TTM)
Trailing-twelve-month sales base
—
Revenue Growth
TTM vs prior year
—
Operating Margin
Operating income divided by revenue
—
Net Margin
Net income divided by revenue
—
EPS (TTM)
Diluted earnings per share, trailing twelve months
$4.01
ROE
Return on equity — the primary profitability signal for banks
8.0%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
-0.4%
ROA
Return on assets, trailing twelve months
1.0%
Cash & Equivalents
Liquid assets on the balance sheet
$39.8B
Net Debt
Total debt minus cash
$22.5B
FCF Analysis
Traditional FCF and debt/FCF ratios are not meaningful for financial companies. Focus on ROE and ROA above.
ROE
Return on equity — the headline bank profitability metric
8.0%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
6.8%
Dividend
4.2%
Buyback
2.7%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$1.8B
Dividend / Share
Annualized trailing dividend per share
$2.08
Payout Ratio
Share of earnings distributed as dividends
57.5%
Shares Outstanding
Declining as buybacks retire shares
1.3B
All figures from the trailing twelve months. For financial companies, ROE and ROA are the primary health signals — FCF-based metrics are not applicable.
Open full ratios pageTFC Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
Interest Rate Fluctuations
TFC’s net interest income is sensitive to changes in short‑term rates. A shift to lower rates could compress net interest margins and trigger unrealized losses on its investment portfolio. The company’s earnings and capital could be materially affected if rates fall sharply.
High Risk
Credit Risk
TFC’s loan, lease, and securities portfolio exposes it to credit losses. A deterioration in loan quality, reflected in a slight rise in the NPA to NCO ratio, could force higher loss provisions and erode profitability. Significant credit deterioration would also impact the bank’s capital position.
High Risk
Goodwill Impairment
TFC’s goodwill is vulnerable to market value declines and adverse economic conditions. Impairment charges could materialize if the company’s stock price remains depressed, reducing reported earnings and potentially affecting capital adequacy.
Medium
Regulatory Changes
Evolving banking regulations could impose additional compliance costs or operational constraints on TFC. Regulatory shifts may affect the bank’s product offerings, capital requirements, and overall profitability.
Medium
Broader Bank Sector Weakness
TFC’s performance is linked to the overall health of the banking sector. A downturn in the sector could depress investor sentiment, reduce credit demand, and pressure the bank’s earnings.
Medium
Geographic Risks
TFC’s operations in regions with weak AML/CFT laws expose it to legal and reputational risk. Regulatory scrutiny or enforcement actions in these jurisdictions could lead to fines, operational disruptions, or reputational damage.
Lower
Loan Servicing Risks
Risks associated with loan servicing could impair liquidity and operational efficiency. Adverse events in servicing could reduce cash flow and affect the bank’s ability to meet short‑term obligations.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why TFC Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
Analyst Upgrades
Truist has received multiple analyst upgrades, reflecting growing confidence in its performance. The upgrades suggest analysts see potential for upside as the bank continues to improve its financials.
Share Buyback Program
Truist has a $10 billion share buyback authorization, with $4 billion planned for 2026. The program is expected to enhance shareholder value by reducing shares outstanding and potentially boosting earnings per share.
Dividend Yield
Truist offers a dividend yield of approximately 4.1% to 4.7%, appealing to income‑seeking investors. The stable dividend supports investor confidence and provides a reliable income stream.
Favorable Regulatory Changes
Recent proposed Basel III Endgame rules are expected to reduce capital requirements for Truist. Lower capital requirements could free up capital for growth initiatives, share buybacks, and dividends.
Operational Improvements
Investments in digital adoption and technology are reducing operational costs and improving efficiency. These efficiencies position Truist for revenue and margin expansion.
Client Acquisition and Growth
Truist is attracting younger, higher‑income clients and strengthening its presence in the Sunbelt region. This strategy is boosting non‑interest income and driving diversified growth.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
TFC Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$49.95
52W Range Position
65%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$38.27
+30.5% from the low
52-Week High
$56.20
-11.1% from the high
1 Month
+4.85%
3 Month
-9.41%
YTD
+0.4%
1 Year
+26.9%
3Y CAGR
+20.3%
5Y CAGR
-3.8%
10Y CAGR
+3.9%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
TFC vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
11.0x
vs 11.2x median
-2% below peer median
Revenue Growth
-16.2%
vs -8.9% median
-81% below peer median
Net Margin
—
vs — median
Peer median unavailable
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
TFC TFC Truist Financial Corporation | $65.7B | 11.0x | -16.2% | — | Buy | +15.2% |
USB USB U.S. Bancorp | $86.5B | 10.9x | -12.4% | — | Hold | +14.8% |
PNC PNC The PNC Financial Services Group, Inc. | $89.6B | 12.0x | -8.9% | — | Hold | +14.0% |
RF RF Regions Financial Corporation | $24.3B | 10.7x | -7.9% | — | Hold | +9.8% |
CFG CFG Citizens Financial Group, Inc. | $27.8B | 12.4x | -9.7% | — | Buy | +12.5% |
HBA HBAN Huntington Bancshares Incorporated | $26.0B | 11.2x | -1.5% | — | Buy | +24.2% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
TFC Dividend and Capital Return
TFC returns 6.8% total yield, led by a 4.17% dividend, raised 10 consecutive years. Buybacks add another 2.7%.
Dividend SustainableFCF Adequate
Total Shareholder Yield
6.8%
Dividend + buyback return per year
Buyback Yield
2.7%
Dividend Yield
4.17%
Payout Ratio
57.5%
How TFC Splits Its Return
Div 4.17%
Buyback 2.7%
Dividend 4.17%Buybacks 2.7%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$2.08
Growth Streak
Consecutive years of dividend increases
10Y
3Y Div CAGR
1.3%
5Y Div CAGR
2.9%
Ex-Dividend Date
—
Payment Cadence
Semi-Annual
5 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$1.8B
Estimated Shares Retired
35M
Approx. Share Reduction
2.6%
Shares Outstanding
Current diluted share count from the screening snapshot
1.3B
At 2.6%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $1.04 | — | — | — |
| 2025 | $2.08 | 0.0% | — | — |
| 2024 | $2.08 | 0.0% | 3.0% | 7.8% |
| 2023 | $2.08 | +4.0% | 0.0% | 5.6% |
| 2022 | $2.00 | +7.5% | 0.4% | 5.0% |
FAQ
7 questionsTFC Investor Questions
Common questions answered from live analyst data and company financials.
01Is Truist Financial Corporation (TFC) stock a buy or sell in 2026?
Truist Financial Corporation (TFC) is rated Buy by Wall Street analysts as of 2026. Of 54 analysts covering the stock, 33 rate it Buy or Strong Buy, 19 rate it Hold, and 2 rate it Sell or Strong Sell. The consensus 12-month price target is $58, implying +15.2% from the current price of $50.
02What is the TFC stock price target for 2026?
The Wall Street consensus price target for TFC is $58 based on 54 analyst estimates. The high-end target is $69 (+38.1% from today), and the low-end target is $45 (-9.9%). The base case model target is $44.
03Is Truist Financial Corporation (TFC) stock overvalued in 2026?
TFC trades at 11.0x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals fairly valued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Truist Financial Corporation (TFC) stock in 2026?
The primary risks for TFC in 2026 are: (1) Interest Rate Fluctuations — TFC’s net interest income is sensitive to changes in short‑term rates. (2) Credit Risk — TFC’s loan, lease, and securities portfolio exposes it to credit losses. (3) Goodwill Impairment — TFC’s goodwill is vulnerable to market value declines and adverse economic conditions. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Truist Financial Corporation's revenue and earnings forecast?
Analyst consensus estimates TFC will report consensus revenue of $20.3B (-16.2% year-over-year) and EPS of $3.25 (-18.8% year-over-year) for the upcoming fiscal year. The following year, analysts project $18.1B in revenue.
06When does Truist Financial Corporation (TFC) report its next earnings?
A confirmed upcoming earnings date for TFC is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does Truist Financial Corporation generate?
Truist Financial Corporation (TFC) generated $3.9B in free cash flow over the trailing twelve months. TFC returns capital to shareholders through dividends (4.2% yield) and share repurchases ($1.8B TTM).