Truist Financial Corporation

NYSE:TFC Stock Report

Market Cap: US$60.1b

Truist Financial Future Growth

Future criteria checks 1/6

Truist Financial is forecast to grow earnings and revenue by 5.1% and 7.5% per annum respectively. EPS is expected to grow by 9.8% per annum. Return on equity is forecast to be 10.4% in 3 years.

Key information

5.1%

Earnings growth rate

9.80%

EPS growth rate

Banks earnings growth8.2%
Revenue growth rate7.5%
Future return on equity10.36%
Analyst coverage

Good

Last updated22 May 2026

Recent future growth updates

Recent updates

Narrative Update • May 24

TFC: Excess Capital And Tech Initiatives Will Support Future Risk Reward Upside

Truist Financial's updated analyst price target has edged higher to about $55.67, up roughly $0.85, as analysts factor in a slightly higher fair value, modest tweaks to growth and margin assumptions, and mixed recent research that includes both price target cuts and increases along with a valuation driven downgrade. Analyst Commentary Recent research on Truist Financial reflects a split view, with several firms adjusting price targets in both directions and one valuation driven downgrade.
Narrative Update • Apr 20

TFC: Excess Capital And Tech Initiatives Are Expected To Support Balanced Future Returns

The updated analyst price target for Truist Financial edges slightly lower to $54.82 from $54.86, as analysts balance higher modeled revenue growth and a modestly higher future P/E with slightly softer profit margin assumptions and a lower discount rate. Analyst Commentary Recent research on Truist Financial shows a mix of optimism and caution, with several firms adjusting price targets in both directions and a few making rating changes.
Seeking Alpha • Apr 20

Truist: Mixed Results But A Supportive Buyback

Summary Truist Financial remains rated Hold, with shares near fair value after a 40% rally and recent mixed performance. TFC's deposit growth continues to lag peers, with only 1.7% YoY growth and ongoing margin pressure from elevated deposit competition. Loan growth is steady but slowing, with limited direct CRE exposure; credit metrics are mixed, but reserves and capital remain robust. Management trimmed 2024 revenue growth guidance to 4% and increased the buyback target to $5B, supporting EPS but limiting upside. Read the full article on Seeking Alpha
Narrative Update • Apr 06

TFC: Excess Capital And Buybacks Are Expected To Support Higher Future Returns

Analysts have trimmed the average price target for Truist Financial to around $55 from about $57, reflecting a slightly lower fair value estimate along with updated views on revenue growth, margins, and future P/E assumptions after a mix of recent upgrades and target cuts across the Street. Analyst Commentary Recent research on Truist Financial shows a split view, with several firms lifting ratings and price targets while others have trimmed targets or flagged guidance as cautious.
Narrative Update • Mar 23

TFC: Excess Capital And Buybacks Are Expected To Lift Future Returns

The fair value estimate for Truist Financial has been adjusted slightly lower to $56.55 as analysts weigh higher discount rate assumptions against a series of recent upgrades and price target increases that highlight excess capital, buyback potential, and improving fundamentals. Analyst Commentary Recent Street research around Truist Financial centers on excess capital, buyback capacity, and potential for improving returns, with a growing cluster of upgrades and higher price targets.
Narrative Update • Mar 08

TFC: Excess Capital And Buybacks Are Expected To Drive Higher ROTCE

The analyst price target for Truist Financial edges slightly lower to $57.00 from $57.11, as analysts weigh higher capital costs against unchanged growth and margin assumptions, while pointing to excess capital, planned buybacks, and improving return targets in recent research updates. Analyst Commentary Recent Street research on Truist Financial shows a mix of optimism around capital deployment and earnings power, alongside some caution on guidance and execution timing.
Narrative Update • Feb 22

TFC: Excess Capital And Buybacks May Support ROTCE While Credit Risks Persist

Analysts have nudged their fair value estimate for Truist Financial higher to $57.11 from $56.13, citing sizable excess capital, rising loan growth expectations, and growing buyback potential as key supports for the higher price target backdrop. Analyst Commentary Recent Street research on Truist Financial has turned more constructive, with multiple firms lifting price targets and some shifting to more positive ratings.
Narrative Update • Feb 08

TFC: Cost Actions And Buybacks May Support ROTCE Despite Credit Uncertainty

Analysts have nudged their price targets for Truist Financial higher, reflected in our fair value estimate moving from US$55.31 to US$56.13. They highlight improving profitability assumptions, a slightly lower discount rate, modestly stronger revenue growth expectations, healthier profit margins, and a somewhat lower future P/E multiple in recent research updates.
Narrative Update • Jan 25

TFC: Cost Efficiency And Buybacks Will Support Higher Future ROTCE

Analysts have nudged their price targets for Truist Financial higher, reflected in a modest fair value move from about US$55.11 to US$55.31, as they point to cost structure improvements, capital build, buyback support, and expectations for improved returns in the coming years. Analyst Commentary Recent research points to a generally constructive tone on Truist Financial, with several bullish analysts raising price targets and upgrading ratings, while a smaller group strikes a more cautious note around guidance and execution risk.
Narrative Update • Jan 10

TFC: Cost Discipline And Capital Returns Will Support Improving ROTCE Outlook

Analysts have raised their blended price target for Truist Financial from US$50.88 to about US$55.11. They cite updated views on margin resilience, return on equity potential, and valuation, supported by a series of recent target hikes and upgrades that highlight improving fundamentals and capital return plans.
Narrative Update • Dec 15

TFC: Higher ROTCE And Cost Discipline Will Guide Balanced Outlook

Analysts have nudged their price target on Truist Financial slightly higher, citing an improved return on tangible common equity outlook that supports a modest fair value increase to about $50.88 per share from roughly $50.55 previously. Analyst Commentary Bullish analysts highlight that the incremental price target increase, even if modest, reflects growing conviction that Truist can deliver better returns on tangible common equity over the next few quarters.
Narrative Update • Nov 30

TFC: Higher ROTCE And Stable Performance Will Shape Outlook Amid Industry Headwinds

Analysts have raised their price target for Truist Financial by $1 to $49, citing improved return on tangible common equity in their latest estimates. Analyst Commentary Bullish analysts have highlighted several positive developments for Truist Financial following the updated price target.
Narrative Update • Nov 16

TFC: Returns On Tangible Common Equity Will Drive Upside Momentum

Truist Financial's analyst price target has seen a modest increase to $49, up $1 from prior estimates. Analysts point to improved returns on tangible common equity and incremental progress in key financial metrics.
Narrative Update • Nov 01

TFC: Operational Changes And Discipline In Profitability Will Drive Future Shareholder Returns

The analyst consensus price target for Truist Financial has been revised upward by nearly $1 to $50.50. Analysts cite improved return on tangible common equity estimates and moderately higher revenue growth expectations, which are offset by a slight dip in profit margin.
Narrative Update • Oct 17

Digital Adoption And Sunbelt Expansion Will Advance Market Position

Truist Financial's analyst price target has been modestly raised from $49.25 to $49.53. Analysts cite improved revenue growth estimates but note ongoing challenges with profitability and competitive positioning.
Narrative Update • Oct 03

Digital Adoption And Sunbelt Expansion Will Advance Market Position

The average analyst price target for Truist Financial has been modestly raised from $48.69 to $49.25. Analysts cite ongoing adjustments to growth expectations and mixed performance metrics as key factors supporting a slightly higher valuation.
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New Narrative • Jul 20

Digital Adoption And Sunbelt Expansion Will Advance Market Position

Digital adoption and technology investments are reducing operational costs, improving efficiency, and positioning Truist for ongoing revenue and margin expansion.
Seeking Alpha • Apr 17

Truist Financial: Q1 Earnings And Valuation Prompt A Rating Upgrade

Summary Truist Financial Corporation's Q1 2025 earnings report was solid, with disciplined expense management leading to positive operating leverage - despite a 3.2% decline in net revenues. The bank's asset quality remains strong, with stable nonperforming assets and net charge-offs in line with larger competitor U.S. Bancorp. Continued share buybacks, totaling $500 million in Q1 and likely $750 million in Q2, underline management's confidence in the bank's fundamentals. I upgraded TFC stock to "buy" due to its attractive valuation and cost management progress, but will keep it in a small position for the sake of proper risk management. Read the full article on Seeking Alpha
Seeking Alpha • Mar 11

Truist: True Rewards Come With Risks

Summary Truist Financial Corporation shows improved topline growth after repositioning its investment portfolio. TFC maintains good liquidity, asset quality, and impressive capital adequacy, ensuring financial stability and resilience. The stock is trading below its book value per share, presenting a buying opportunity with a target price of $45.25 and the potential for a rebound. Technical indicators suggest a buying opportunity despite weak momentum, with potential for price recovery supported by historical RSI patterns and Fibonacci retracement levels. Read the full article on Seeking Alpha
Seeking Alpha • Jan 14

Truist: Strong Net Interest Margins Coupled With High Loan Quality

Summary The bank’s ten-year median net interest margin is steady at 3.1%, reflecting the bank’s diversification and consistent loan quality. The decade-long NPL ratio outperforms peers, underscoring its effective credit risk management. The historical loan-to-deposit ratio implies a solid funding profile. Truist Financial Corp., based on the current valuation, is anticipated to deliver a five-year annual return of 14.5%. Read the full article on Seeking Alpha
Seeking Alpha • Dec 31

Truist: After A Sector-Wide Rerating, The Hard Work Is Still To Come

Summary After a sector-wide rerating, I'm more cautious on Truist as the upside is increasingly tied to successfully deploying surplus capital and regaining loan/deposit share in highly competitive Southeast markets. Truist's growth depends heavily on core lending and banking after selling its insurance brokerage, but weak customer satisfaction and lost market share are concerning. Management's focus on deploying surplus capital into commercial and consumer banking is logical, but growth may disappoint without improved customer service/satisfaction levels. While Truist is modestly undervalued on long-term core growth of 4%-5%, full value realization may require activist investor involvement and better customer service strategies. Read the full article on Seeking Alpha
Seeking Alpha • Oct 20

Why Truist Financial Stock Is Not A Buy Ahead Of Q2 Earnings

Summary Truist Financial Corporation will report its second-quarter results on Monday, July 22, before the market opens. In this update, I share what I expect from Truist's Q2 results — especially given the solid Q2 report from rival U.S. Bancorp. I take a fresh look at the utilization of the Bank Term Funding Program, under which the Federal Reserve ceased making new loans in March. I also explain why I am no longer buying TFC stock, despite its seemingly still low valuation. Read the full article on Seeking Alpha
Seeking Alpha • Oct 08

Truist Financial Q3 Preview: Core Banking Trends Become Even More Important

Summary Truist Financial will report third quarter earnings pre-market on Thursday, October 17. Analysts expect roughly flat EPS. Having disposed of its remaining stake in Truist Insurance Holdings, Truist is now a NII-heavy bank with greater long-term sensitivity to interest rates. On the plus side, Truist's current balance sheet composition can drive reasonable net interest margin expansion in the coming easing cycle. At ~11.6x consensus 2024 EPS, the stock looks roughly fair value based on a ~10% hurdle rate. Read the full article on Seeking Alpha
Seeking Alpha • Sep 01

Truist Financial: Making Solid Progress

Summary Truist Financial Corporation's shares have surged near 52-week highs after a strong 2Q24 and expectations of a Fed rate cut in September. The bank has improved its CET1 ratio to 11.5% through strategic asset sales and balance sheet repositioning, enhancing capital adequacy. With a solid 4.7% yield and a PE ratio of 11 on FY2025E EPS, Truist is a solid value and dividend idea on any dips in the overall market. A full investment analysis around Truist Financial follows in the paragraphs below. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:TFC - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202822,9166,130N/AN/A3
12/31/202722,2035,859N/AN/A8
12/31/202621,2985,588N/AN/A8
3/31/202618,6575,1945,6725,672N/A
12/31/202518,4254,9745,7395,739N/A
9/30/202518,2804,9143,9323,932N/A
6/30/202518,1664,8993,9693,969N/A
3/31/202511,531-2643,9003,900N/A
12/31/202411,408-3942,1642,164N/A
9/30/202411,129-6,8913,7633,765N/A
6/30/202410,864-7,2214,6214,638N/A
3/31/202417,445-2,1447,5067,523N/A
12/31/202317,913-1,8648,6148,631N/A
9/30/202319,3445,0146,4269,789N/A
6/30/202320,5855,5476,98411,152N/A
3/31/202321,6245,9077,20211,387N/A
12/31/202219,1965,4466,40811,081N/A
9/30/202222,1865,8418,94912,354N/A
6/30/202222,4955,9215,7818,366N/A
3/31/202223,0956,0265,1697,737N/A
12/31/202123,1096,0336,2547,892N/A
9/30/202122,9145,7375,3945,493N/A
6/30/202122,1435,1895,9076,136N/A
3/31/202121,0864,5322,4252,776N/A
12/31/202020,3704,1844,1837,437N/A
9/30/202018,3503,6583,7614,585N/A
6/30/202016,0853,3255,1895,935N/A
3/31/202013,9283,2656,2396,893N/A
12/31/201911,9533,028N/A1,520N/A
9/30/201911,2933,080N/A3,335N/A
6/30/201911,1983,134N/A3,111N/A
3/31/201911,0723,067N/A3,296N/A
12/31/201810,9923,063N/A4,349N/A
9/30/201810,9292,923N/A4,654N/A
6/30/201810,8252,731N/A4,574N/A
3/31/201810,8012,587N/A4,785N/A
12/31/201710,7702,220N/A4,635N/A
9/30/201710,6372,198N/A5,437N/A
6/30/201710,5762,200N/A3,742N/A
3/31/201710,4922,110N/A3,403N/A
12/31/201610,2212,259N/A3,115N/A
9/30/201610,0132,169N/A1,650N/A
6/30/20169,7362,062N/A3,754N/A
3/31/20169,3341,975N/A3,378N/A
12/31/20159,1831,936N/A3,131N/A
9/30/20159,0671,985N/A3,608N/A
6/30/20158,9822,005N/A2,355N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TFC's forecast earnings growth (5.1% per year) is above the savings rate (3.5%).

Earnings vs Market: TFC's earnings (5.1% per year) are forecast to grow slower than the US market (17% per year).

High Growth Earnings: TFC's earnings are forecast to grow, but not significantly.

Revenue vs Market: TFC's revenue (7.5% per year) is forecast to grow slower than the US market (11.9% per year).

High Growth Revenue: TFC's revenue (7.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TFC's Return on Equity is forecast to be low in 3 years time (10.4%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/31 21:22
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Truist Financial Corporation is covered by 47 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stephen BiggarArgus Research Company
David GeorgeBaird
Jason GoldbergBarclays