TFC Stock - Truist Financial Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $24.25B | $29.95B | $22.29B | $23.06B | $24.43B |
| Gross Profit | $11.41B | $17.91B | $19.20B | $23.11B | $20.37B |
| Gross Margin | 47.0% | 59.8% | 86.1% | 100.2% | 83.4% |
| Operating Income | $-601,000,000 | $-765,000,000 | $7.03B | $7.99B | $5.47B |
| Net Income | $4.82B | $-1,091,000,000 | $6.26B | $6.44B | $4.48B |
| Net Margin | 19.9% | -3.6% | 28.1% | 27.9% | 18.3% |
| EPS | $3.36 | $-1.09 | $4.46 | $4.51 | $3.11 |
Truist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; automobile lending; bankcard lending; consumer finance; home equity and mortgage lending; insurance, such as property and casualty, life, health, employee benefits, workers compensation and professional liability, surety coverage, title, and other insurance products; investment brokerage; mobile/online banking; and payment, lease financing, small business lending, and wealth management/private banking services. In addition, it offers association, capital market, institutional trust, insurance premium and commercial finance, international banking, leasing, merchant, commercial deposit and treasury, government finance, commercial middle market lending, small business and student lending, floor plan and commercial mortgage lending, mortgage warehouse lending, private equity investment, real estate lending, and supply chain financing services. Further, the company provides corporate and investment banking, retail and wholesale brokerage, securities underwriting, and investment advisory services. As of December 31, 2021, the company operated through 2,517 banking offices. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| January 5th 2026 | Barclays | Downgrade | Underweight | $56 |
| December 11th 2025 | Robert W. Baird | Downgrade | Neutral | $52 |
| October 21st 2025 | TD Cowen | Upgrade | Buy | $55 |
| August 21st 2025 | Wells Fargo | Downgrade | Equal Weight | $47 |
| July 9th 2025 | Keefe Bruyette | Downgrade | Market Perform | $48 |
| July 8th 2025 | Raymond James | Upgrade | Outperform | $50 |
| June 26th 2025 | Citigroup | Upgrade | Buy | $55 |
| May 15th 2025 | TD Cowen | Initiation | Hold | $44 |
| April 2nd 2025 | Raymond James | Downgrade | Market Perform | - |
| March 5th 2025 | Robert W. Baird | Upgrade | Outperform | $52← $48 |
| January 7th 2025 | HSBC Securities | Upgrade | Buy | $50 |
| August 9th 2024 | Wolfe Research | Upgrade | Peer Perform | - |
| July 24th 2024 | Citigroup | Downgrade | Neutral | $47← $45 |
| July 17th 2024 | Robert W. Baird | Downgrade | Neutral | $45 |
| May 16th 2024 | Barclays | Resumed | Equal Weight | $43 |
Earnings History & Surprises
TFCEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2027 | Jan 20, 2027 | — | — | — | — |
Q4 2026 | Oct 16, 2026 | — | — | — | — |
Q3 2026 | Jul 17, 2026 | — | — | — | — |
Q2 2026 | Apr 17, 2026 | — | — | — | — |
Q1 2026 | Jan 21, 2026 | $1.09 | — | — | — |
Q4 2025 | Oct 17, 2025 | $0.99 | $1.04 | +4.5% | ✓ BEAT |
Q3 2025 | Jul 18, 2025 | $0.92 | $0.91 | -1.4% | ✗ MISS |
Q2 2025 | Apr 17, 2025 | $0.87 | $0.87 | -0.3% | ✗ MISS |
Q1 2025 | Jan 17, 2025 | $0.88 | $0.91 | +3.4% | ✓ BEAT |
Q4 2024 | Oct 17, 2024 | $0.91 | $0.97 | +6.6% | ✓ BEAT |
Q3 2024 | Jul 22, 2024 | $0.64 | $0.91 | +42.0% | ✓ BEAT |
Q2 2024 | Apr 22, 2024 | $0.79 | $0.84 | +6.3% | ✓ BEAT |
Q1 2024 | Jan 18, 2024 | $0.88 | $0.81 | -8.0% | ✗ MISS |
Q4 2023 | Oct 19, 2023 | $0.82 | $0.84 | +2.4% | ✓ BEAT |
Q3 2023 | Jul 20, 2023 | $1.01 | $0.95 | -5.9% | ✗ MISS |
Q2 2023 | Apr 20, 2023 | $1.14 | $1.09 | -4.4% | ✗ MISS |
Q1 2023 | Jan 19, 2023 | $1.29 | $1.30 | +0.8% | ✓ BEAT |
Q4 2022 | Oct 18, 2022 | $1.24 | $1.24 | 0.0% | = MET |
Q3 2022 | Jul 19, 2022 | $1.16 | $1.20 | +3.4% | ✓ BEAT |
Q2 2022 | Apr 19, 2022 | $1.10 | $1.23 | +11.8% | ✓ BEAT |
Latest News
TD Cowen Maintains Buy on Truist Financial, Raises Price Target to $59
📈 PositiveRaymond James Maintains Outperform on Truist Financial, Raises Price Target to $56
📈 PositiveEvercore ISI Group Upgrades Truist Finl to Outperform, Raises Price Target to $58
📈 PositiveKeefe, Bruyette & Woods Maintains Market Perform on Truist Finl, Raises Price Target to $53
➖ NeutralMorgan Stanley Maintains Equal-Weight on Truist Finl, Raises Price Target to $56
📈 PositiveTruist Financial Authorizes New $10B Common Stock Repurchase Program
📈 PositiveBaird Downgrades Truist Finl to Neutral, Maintains Price Target to $52
➖ NeutralMorgan Stanley Maintains Equal-Weight on Truist Finl, Raises Price Target to $55
📈 PositiveKeefe, Bruyette & Woods Maintains Market Perform on Truist Finl, Raises Price Target to $49
📈 PositiveTruist Financial shares are trading higher after the company reported better-than-expected Q3 financial results and issued Q4 and FY25 adjusted revenue guidance.
📈 PositiveTruist Finl Adj Revenue for 2025 Q4 is expected to up by 1 to 2% YoY.
📈 PositiveTruist Finl Adj Revenue for 2025 FY is expected to up by 1.5 to 2.5% YoY
📈 PositiveTruist Finl Q3 Adj. EPS $1.04 Beats $1.00 Estimate, Sales $5.240B Beat $5.198B Estimate
📈 Positive'U.S. Regulators Are Set To Unveil A Plan Next Week Targeting How Officials Scrutinize Banks' Risk, After President Donald Trump Moved To Rein In What He Sees As The Closing Of Customer Accounts For Political Reasons; FDIC Proposal To Explicitly Prohibit Examiners From Forcing Lenders To Close Customer Accounts On Political, Cultural, Religious Grounds' - Bloomberg News
➖ NeutralEvercore ISI Group Maintains In-Line on Truist Finl, Raises Price Target to $50
➖ NeutralMorgan Stanley Maintains Equal-Weight on Truist Finl, Raises Price Target to $54
📈 PositiveLive On CNBC, Stephanie Link Announces Sold Truist Financial; Bought More Capital One Financial
➖ NeutralScholar Rock Holding shares are trading higher. Truist Financial maintained its Buy rating on the stock and Leerink initiated an Outperform rating on the stock as well.
📈 PositiveCentessa Pharmaceuticals shares are trading higher. Truist Financial maintains its buy rating on the stock.
📈 PositiveLive On CNBC, Josh Brown Hosts Segment Titled "Sector Spotlight: Financials"
➖ NeutralFrequently Asked Questions about TFC
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