# Truist Financial Corporation (TFC) — Financial Analysis

**Exchange:** NYSE  
**Coverage as of:** 2026-Q2  
**Updated:** 2026-05-12  
**Tier:** Free primer (step 2 of 19)  
**Sibling pages:** /stocks/TFC/thesis · /stocks/TFC/memo

## 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 ($1.00) adds 8 dimensions not included here:

- Revenue Breakdown — segment revenue, geographic mix, product-line margins
- Financial Trends — QoQ momentum, leading indicators, inflection points
- Balance Sheet — debt structure, dilution risk, working capital dynamics
- Capital Allocation — ROIC, buyback cadence, reinvestment efficiency
- Earnings Analysis — beats/misses, guidance vs actuals, transcript highlights
- Competitive Positioning — market share, pricing power, peer benchmarks
- Industry Context — TAM, sector tailwinds/headwinds, regulatory backdrop

**API endpoint:** GET /api/v1/research/TFC/fundamental

## Navigation

- Overview: /stocks/TFC
- Financials (this page): /stocks/TFC/financials
- Thesis: /stocks/TFC/thesis
- Investment Memo: /stocks/TFC/memo
- Coverage universe: /stocks