Truist Financial Corporation
TFCFinancial Analysis · Updated May 12, 2026 · Coverage 2026-Q2
Latest Q Revenue
$5.2B
Q1 FY2026 · +5% YoY
TTM ROIC
12.7%
FY2025 · Return on Tangible Common Equity (ROTCE); Net Income to Common / Average Tangible Common Equity · WACC ~11% · Moat spread +1.7pp
Financial Snapshot
ticker: TFC step: 04 generated: 2026-05-12 source: quick-research
Truist Financial (TFC) — Financial Snapshot
Income Statement Summary
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | YoY (25) |
|---|---|---|---|---|---|
| Total Revenue | $24.0B | $30.0B | $24.3B | $30.4B | +25% |
| Net Interest Income | $14.3B | $15.0B | $14.4B | $14.8B | +3% |
| Non-Interest Income | $9.7B | $14.9B | $9.9B | $15.7B | (TIH gain) |
| Net Income | $5.93B | $2.71B | -$1.5B | $5.0B | – |
| Diluted EPS | $4.43 | $1.96 | -$1.15 | $3.82 | – |
| Net Interest Margin | 2.92% | 2.98% | 3.01% | 3.05% | +4bps |
| Efficiency Ratio | ~58% | ~60% | ~58% | ~56% | -200bps |
Note: FY2024 GAAP losses reflect $5.1B SCG goodwill impairment + TIH transaction gain. FY25 normalized: $5.0B net income, $3.82 diluted EPS.
Cash Flow & Balance Sheet (FY2024)
| Metric | Value |
|---|---|
| Total Assets | ~$530B |
| Loans | ~$306B |
| Deposits | ~$385B |
| CET1 Ratio | 11.6% (post-TIH) |
| Excess Capital (vs regulatory) | $14.6B |
| ROTCE (2025) | ~12-13% |
| ROE | ~10% |
Key Ratios (approximate)
- P/E: ~12x | P/TBV: ~1.4x | P/B: ~0.9x
- Revenue Growth (TTM): ~25% (TIH gain) / ~3% organic
- Dividend Yield: ~4.7% | Dividend: $2.08/share
- $5B 2026 buyback authorization (raised from $4B)
Growth Profile
Target ROTCE 14% (2026) → 15% (2027) → 16-18% (3-5 years). Post-TIH simplification + Southeast geographic exposure + balance sheet repositioning ($29.3B reinvestment) + $14.6B excess capital. NIM expansion path: securities repositioning, loan repricing, deposit cost discipline. Bill Rogers committed to positive operating leverage.
Forward Estimates
- FY 2026: NII +3% YoY; adj EPS $4.00-4.40; ROTCE 14% target
- FY 2027: ROTCE 15% target; adj EPS $4.50-4.80
- $5B 2026 buyback (~8% of market cap) drives EPS accretion
- 14-year dividend track record + 4.7% yield = ~13% total capital return
Deeper Financial Analysis
The fundamental tier adds 9 additional research dimensions for $TFC.
Revenue Breakdown
Segment revenue, geographic mix, product-line contribution margins, and cohort dynamics.
Financial Trends
Quarter-over-quarter momentum, leading indicators, and inflection point analysis.
Balance Sheet
Debt structure, liquidity runway, dilution risk, and working capital dynamics.
Capital Allocation
Buyback cadence, M&A appetite, dividend policy, and reinvestment priorities.
Returns on Capital (ROIC)
Multi-year ROIC vs. WACC, marginal returns on reinvestment, sales-to-invested-capital efficiency, and moat spread.
GET /api/v1/research/TFC/fundamental$1.00 · Bearer token required