# Truist Financial Corporation (TFC)

> Source: Nexqual · https://nexqual.com/TFC · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Truist Financial Corporation (TFC), nexqual.com/TFC" · informational, not investment advice.

**Price:** USD 48.42 (+1.45% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 47.73 · day 47.44–48.44 · 52w 43.13–56.2 · market cap $59.2B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $20.9B, net income $5.84B (28.0% margin) (SEC filings).
- Valuation: P/E 10.1x (avg 12.0x at the last 2 fiscal year-ends).
- 4 of 80 tracked superinvestors hold TFC (13F, Q2 2026): 0 new, 0 added, 3 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $1.6M; 3 not under a Rule 10b5-1 plan ($1.6M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $1.0M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.82 on a 1–5 scale) (22 analysts), mean target USD 53.19 (range 45–58).
- Total return with dividends: 1Y +15.8% vs S&P 500 +14.9%; 5Y -4.4% vs S&P 500 +80.3%.
- Next earnings: 2026-10-16, EPS estimate USD 1.22, revenue estimate $5.33B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $22.3B | $20.0B | $20.0B | $13.3B | $20.3B | $20.9B |
| Net income | $6.44B | $6.27B | -$1.05B | $4.84B | $5.31B | $5.84B |
| EPS (diluted) | $4.47 | $4.43 | -$1.09 | $3.36 | $3.82 | — |
| Free cash flow | $7.45B | $10.5B | — | — | — | — |
| Net margin | 28.9% | 31.4% | -5.2% | 36.5% | 26.1% | 28.0% |
| Revenue growth | -1.8% | -10.4% | +0.2% | -33.7% | +53.0% | — |
| Cash + short-term investments | $20.3B | $21.4B | $30.6B | $39.8B | $36.4B | — |
| Total debt | $41.2B | $66.6B | $63.7B | $64.2B | $69.8B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 10.1x · P/S 2.8x · P/B 0.9x · Earnings yield 9.87% · Dividend yield (paid, TTM) 4.40% · Buyback yield (TTM) 6.06%
P/E at fiscal year-ends: Dec 2025 12.1x, Dec 2024 11.9x.

## Superinvestors (SEC 13F-HR, Q2 2026)
4 of 80 tracked investors hold TFC. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Tweedy Browne |  | 2.06% | $27.2M | Reduced -2.0% |
| Christopher Davis | Davis Advisors | 0.04% | $10.4M | Reduced -7.3% |
| Dodge & Cox Funds | Dodge & Cox | <0.01% | $954K | Unchanged |
| Bill Nygren | Oakmark Funds | <0.01% | $933K | Reduced -17.2% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-07-31 | Wilson Donta L | Chief Consumer & SB BK Officer | 13,280 | $689K | 17.4% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-07-23 | Boyer K. David Jr. | Director | 3,986 | $202K | 21.7% | No | Too little history (no open-market trades in 2023) |
| 2026-07-20 | Rogers William H Jr | Chairman & CEO | 13,250 | $694K | 1.1% | No | Too little history (no open-market trades in 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $1.0M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-17 | Lyons Michael P. | President & CEO | 21,000 | $1.0M | 48.36 | Too little history (no open-market trades in 2023–2025) |

## Analysts
Consensus Hold (mean 2.82 on a 1–5 scale), 22 analysts; mean target USD 53.19 (low 45, high 58).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Citigroup | Target lowered | Neutral | $54 → $50 |
| 2026-10-20 | Stephens & Co. | Target lowered | Overweight | $55 → $54 |
| 2026-10-19 | RBC Capital | Target lowered | Outperform | $53 → $51 |
| 2026-10-19 | Keefe, Bruyette & Woods | Target lowered | Market Perform | $55 → $54 |
| 2026-10-05 | UBS | Target lowered | Neutral | $55 → $50 |
| 2026-10-02 | JP Morgan | Target lowered | Underweight | $54 → $50.5 |
| 2026-10-01 | Evercore ISI Group | Target lowered | Outperform | $56 → $54 |
| 2026-07-29 | JP Morgan | Target raised | Underweight | $53 → $54 |
| 2026-07-21 | Stephens & Co. | Target lowered | Overweight | $59 → $57 |
| 2026-07-21 | Evercore ISI Group | Target lowered | Outperform | $57 → $56 |
| 2026-07-20 | Keefe, Bruyette & Woods | Target raised | Market Perform | $53 → $55 |
| 2026-07-20 | Baird | Target raised | Neutral | $55 → $56 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +15.8% | -4.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +15.8% | -0.9% |
| Volatility (annualized) | 23.4% | 31.8% |
| Max drawdown | -20.7% (Feb 2026→Mar 2026) | -56.6% (Jan 2022→May 2023) |

## Peers (Banks - Regional)
DB (Deutsche Bank AG) USD 31.48 -2.39% · NWG (NatWest Group plc) USD 16.99 -2.30% · NU (Nu Holdings Ltd.) USD 14.73 -2.13% · FITB (Fifth Third Bancorp) USD 53.23 +0.80% · LYG (Lloyds Banking Group Plc) USD 5.38 -2.00% · BBD (Banco Bradesco Sa) USD 3.95 -2.47%

## More
Full page: https://nexqual.com/TFC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $1.22 | $1.21 | +0.9% | $5.33B | 12 |
| Next quarter (ends 2027-03-31) | $1.11 | $1.13 | -2.0% | $5.20B | 11 |
| Current fiscal year (ends 2026-12-31) | $4.20 | $4.61 | -9.0% | $20.39B | 15 |
| Next fiscal year (ends 2027-12-31) | $4.92 | $5.04 | -2.3% | $21.49B | 18 |