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First Bank & Trust decreased its position in Truist Financial Corporation (NYSE:TFC – Free Report) by 17.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,313 shares of the insurance provider’s stock after selling 11,895 shares during the period. First Bank & Trust’s holdings in Truist Financial were worth $2,654,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Truist Financial during the 2nd quarter valued at approximately $4,959,834,000. State Street Corp grew its position in Truist Financial by 0.9% in the second quarter. State Street Corp now owns 58,692,619 shares of the insurance provider’s stock worth $2,924,066,000 after acquiring an additional 501,026 shares during the period. Bank of New York Mellon Corp grew its position in Truist Financial by 7.5% in the first quarter. Bank of New York Mellon Corp now owns 11,289,721 shares of the insurance provider’s stock worth $518,988,000 after acquiring an additional 789,179 shares during the period. Dimensional Fund Advisors LP grew its position in Truist Financial by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 8,608,268 shares of the insurance provider’s stock worth $395,642,000 after acquiring an additional 164,052 shares during the period. Finally, Legal & General Group Plc increased its stake in Truist Financial by 0.6% during the second quarter. Legal & General Group Plc now owns 7,853,887 shares of the insurance provider’s stock worth $391,281,000 after acquiring an additional 44,215 shares during the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.

Truist Financial Price Performance
Truist Financial stock opened at $47.17 on Monday. The company’s 50 day simple moving average is $49.17 and its 200-day simple moving average is $49.64. The company has a market capitalization of $57.62 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.04 and a beta of 0.92. Truist Financial Corporation has a 1 year low of $41.60 and a 1 year high of $56.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.88 and a current ratio of 0.88.

Truist Financial (NYSE:TFC – Get Free Report) last issued its quarterly earnings data on Friday, October 16th. The insurance provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.01). The company had revenue of $5.30 billion during the quarter, compared to analyst estimates of $5.35 billion. Truist Financial had a return on equity of 10.37% and a net margin of 18.01%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 earnings per share. As a group, equities research analysts expect that Truist Financial Corporation will post 4.67 earnings per share for the current year.
Truist Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a yield of 4.4%. Truist Financial’s payout ratio is presently 53.61%.

Analysts Set New Price Targets
A number of equities research analysts have commented on TFC shares. JPMorgan Chase & Co. reduced their target price on Truist Financial from $54.00 to $50.50 and set an “underweight” rating on the stock in a research report on Friday, October 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Truist Financial in a research note on Wednesday, July 29th. UBS Group lowered their price target on Truist Financial from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, October 5th. Robert W. Baird increased their price target on Truist Financial from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Finally, Wells Fargo & Company set a $52.00 price objective on Truist Financial in a research report on Thursday, October 8th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $54.39.

View Our Latest Report on TFC

Insider Buying and Selling at Truist Financial
In other news, CEO Michael P. Lyons purchased 21,000 shares of the firm’s stock in a transaction on Thursday, September 17th. The shares were bought at an average cost of $48.36 per share, for a total transaction of $1,015,560.00. Following the completion of the purchase, the chief executive officer directly owned 21,000 shares of the company’s stock, valued at approximately $1,015,560. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dontá Wilson sold 13,280 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $51.85, for a total value of $688,568.00. Following the transaction, the insider owned 56,009 shares of the company’s stock, valued at approximately $2,904,066.65. This represents a 19.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.15% of the stock is owned by corporate insiders.

Truist Financial Company Profile
(Free Report)

Truist Financial Corporation is a financial services company headquartered in Charlotte, North Carolina, operating through its principal subsidiary, Truist Bank. The company provides banking, lending, investment, insurance and wealth management services to consumers, small businesses, commercial clients and institutional customers.

Its offerings include checking and savings accounts, mortgages, consumer loans, credit cards, commercial and industrial lending, treasury and payment services, investment banking, brokerage, asset management and insurance products.

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Truist Financial Corporation (TFC - Free Report) came out with quarterly earnings of $1.16 per share, missing the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.04 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -0.86%. A quarter ago, it was expected that this company would post earnings of $1.08 per share when it actually produced earnings of $1.23, delivering a surprise of +13.89%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Truist Financial, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $5.19 billion for the quarter ended September 2026, missing the Zacks Consensus Estimate by 2.19%. This compares to year-ago revenues of $5.19 billion. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Truist Financial shares have lost about 5.4% since the beginning of the year versus the S&P 500's gain of 13.1%.

What's Next for Truist Financial?While Truist Financial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Truist Financial was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.21 on $5.29 billion in revenues for the coming quarter and $4.67 on $21.03 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Major Regional is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Northern Trust Corporation (NTRS - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2026. The results are expected to be released on October 21.

This company is expected to post quarterly earnings of $2.86 per share in its upcoming report, which represents a year-over-year change of +24.9%. The consensus EPS estimate for the quarter has been revised 0.8% higher over the last 30 days to the current level.

Northern Trust Corporation's revenues are expected to be $2.26 billion, up 11.8% from the year-ago quarter.

Key Takeaways Truist's Q3 earnings are expected to rise 12.5% to $1.17 per share, with revenues increasing 2.4% to $5.31B.TFC's NII is projected to rise 1% to $3.67B, aided by loan demand and stabilizing funding costs.Truist's fee income growth may support results, but rising expenses and weakening asset quality pose risks.
Truist Financial (TFC - Free Report) is set to announce third-quarter 2026 results on Oct.16 before the opening bell. The overall decent lending scenario in the quarter is likely to have supported the company’s net interest income (NII).

Per the Fed’s latest data, the demand for commercial and industrial (C&I) loans (accounting for almost 50% of TFC’s total loans and leases held for investment) slightly weakened in the to-be-reported quarter. On the other hand, demand for consumer loans (almost 40% of total loans) remained solid.

The Zacks Consensus Estimate for TFC’s average earning assets for the quarter is pegged at $495.1 billion, indicating a 1.9% rise from the prior-year quarter.

The Federal Reserve increased interest rates by 25 basis points in September and hinted at a hawkish tone. The rate hike is less likely to have affected Truist’s net interest income (NII) and margin in the third quarter. Nonetheless, modest loan demand, decent economic growth and stabilizing funding/deposit costs are expected to have driven Truist’s NII higher.

In mid-September, the company announced its exit from its near-prime auto lending business by selling approximately $5.5 billion in loans originated by Regional Acceptance Corporation, TFC’s indirect auto lending subsidiary. The sale is expected to generate about $5.2 billion in net proceeds, which the company plans to use to repay wholesale borrowings and reposition certain available-for-sale securities. These actions are expected to improve the company’s funding profile and liquidity flexibility.

The consensus estimate for NII is pegged at $3.67 billion, implying a 1% increase. The company anticipates NII to increase roughly 1.5% sequentially.

Other Factors to Influence Truist’s Q3 EarningsNon-Interest Income: Mortgage rates hovered near 7% in the third quarter and, as such, refinancing activities and origination volume were subdued. So, growth in Truist’s mortgage banking income is expected to have been modest. The Zacks Consensus Estimate for the metric of $121.9 million indicates a 3.3% rise from the prior-year quarter.

Higher client activity and volatility in the capital markets, along with industry-wide decent deal-making activities, in the to-be-reported quarter are expected to have supported TFC’s corresponding fee income. The consensus estimate for investment banking and trading income of $361.5 million indicates year-over-year growth of 11.9%.

The decent lending backdrop is likely to have supported Truist’s lending-related fees. The Zacks Consensus Estimate for the same is $113.7 million, indicating a rise of 10.4%. As the U.S. markets witnessed investor rotation amid the changing macro environment, there has been a rise in asset inflows. The consensus estimate for wealth management income of $382.5 million suggests an increase of 2.3%.

The Zacks Consensus Estimate for total non-interest income is pegged at $1.65 billion, which indicates a 5.9% rise from the prior-year quarter. Management expects non-interest income to remain almost stable compared with the second-quarter level.

Expenses: Truist has been witnessing a continued rise in overall non-interest expenses over the past several quarters because of investments in technology, inflationary pressure and expansion efforts. A similar trend is expected to have continued in the third quarter.

Management expects GAAP non-interest expenses to rise 2% from the prior quarter.

Asset Quality: Truist is likely to have set aside a substantial amount for potential loan delinquencies amid changes in the monetary policy stance and persistent inflation. Hence, provision numbers are expected to have risen in the third quarter.

The Zacks Consensus Estimate for total non-accrual loans and leases of $1.83 billion suggests 16.6% year-over-year growth. The consensus estimate for total non-performing assets is $1.89 billion, indicating a 16.1% increase.

Truist’s Q3 Earnings & Sales ExpectationsThe Zacks Consensus Estimate for TFC’s earnings of $1.17 per share has moved 4.5% higher over the past seven days. This indicates growth of 12.5% from the year-ago reported number.
 

The consensus estimate for sales is pegged at $5.31 billion, suggesting a 2.4% rise. The company expects revenues to rise 1% sequentially.

What the Zacks Model Unveils for TFCAccording to our quantitative model, the chances of Truist beating the Zacks Consensus Estimate for earnings this time are high. This is because it has the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Earnings ESP: The Earnings ESP for Truist is +2.67%.

Zacks Rank: TFC currently carries a Zacks Rank #3.

TFC’s Peers Worth ConsideringHere are a couple of Truist’s peer bank stocks that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time:

The Earnings ESP for The PNC Financial Services Group, Inc. (PNC - Free Report) is +0.80%, and it carries a Zacks Rank #3. The company is slated to report third-quarter 2026 numbers tomorrow.

Over the past seven days, the Zacks Consensus Estimate for PNC Financial’s quarterly earnings has been marginally lowered to $4.97.

M&T Bank Corporation (MTB - Free Report) is scheduled to announce third-quarter 2026 results on Oct. 16. The company carries a Zacks Rank #3 and has an Earnings ESP of +0.73% at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Quarterly earnings estimates for M&T Bank have been revised lower to $4.98 over the past week.

Truist Financial has held its dividend frozen since 2022 while rivals PNC and U.S. Bancorp hand shareholders raises, and the reason why reveals a capital strategy that splits income investors right down the middle.

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Truist Financial (NYSE:TFC | TFC Price Prediction) has paid $0.52 per quarter on every ex-dividend date since August 11, 2022. Over the same stretch, management has kept raising its buyback target, which now stands at $5 billion for 2026, up from $4 billion. For income investors, the open question is whether any of that excess capital ever reaches the dividend.

A 4.5% Yield That Has Been Frozen Since 2022 At $46.33, the $2.08 annualized payout yields about 4.5%. PNC Financial Services (NYSE:PNC) yields roughly 3.6% at its new $2.00 quarterly rate. U.S. Bancorp (NYSE:USB) yields about 3.6% at $0.52 a quarter. Truist’s coverage is solid. Second-quarter diluted EPS came in at $1.23, up 37% year over year, so the dividend took up only about 42% of quarterly earnings.

Buybacks Are Getting Every Spare Dollar Truist bought back $1.1 billion of stock in Q1 and $1.2 billion in Q2. On the July call, CFO Mike Maguire defended the pace:

“If you look at our buyback at $5 billion, we’re pretty elevated, right? We’ve got a total net payout ratio above 100%. By the way, we think that’s appropriate, given our capital position.”

CET1 capital rose to 10.9%. Truist wants that ratio at 10% by the end of 2027, which Maguire said “implies that we’re going to continue to return a significant amount of capital to shareholders throughout the rest of this year and next year.” The call included no announcement of a dividend change.

Its peers are taking a different route. PNC raised its dividend 18% in July, and CEO William S. Demchak called the increase “further evidence of the strength and resilience of our franchise.” U.S. Bancorp planned a ~4% increase for Q3 2026, subject to board approval, while repurchasing only $200 million in Q2.

What the Share Price Is Pricing In Truist trades at about 12x 2025 EPS of $3.82, while PNC and U.S. Bancorp trade near 13x. That small discount helps explain the buyback push. The shares are down 2.96% year to date, while PNC is up 8.02% and U.S. Bancorp is up 11.53%. Over five years, Truist is down 1.94%. Investors are paying for a yield and remain doubtful about growth.

Credit Trends and a New CEO Could Change the Math Nonperforming loans rose to 0.50% in Q1, and net charge-offs climbed to 0.61%, driven by commercial construction. U.S. Bancorp’s ratio was 0.53% and PNC’s was 0.25%. Truist also cut its outlook for net interest income growth to 1% to 1.5%, citing an unfavorable deposit mix.

Mike Lyons was slated to become CEO on September 1, 2026. Bill Rogers, CEO at the time of the call, said: “Let’s let Mike come in and talk about what he wants to do.”

Three developments would undermine the case: charge-offs running well above the 55 bps guidance, CET1 falling to 10% ahead of schedule, or ROTCE missing the greater than 14% 2026 target.

What Income Investors Can Expect From the Dividend The dividend looks safe, and it is likely to stay at $0.52. Earnings cover it more than twice, and management has made clear that buybacks come first until CET1 reaches its target. Retirees get the highest yield of the three banks but no raises. The first real signal on growth will come from the new CEO’s capital plan, most likely alongside third-quarter results.

Contact [email protected] for any questions or corrections.

Corient Private Wealth LP lowered its position in shares of Truist Financial Corporation (NYSE:TFC – Free Report) by 17.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 190,797 shares of the insurance provider’s stock after selling 40,104 shares during the quarter. Corient Private Wealth LP’s holdings in Truist Financial were worth $9,505,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital International Investors grew its stake in Truist Financial by 0.7% in the fourth quarter. Capital International Investors now owns 108,358,164 shares of the insurance provider’s stock valued at $5,332,835,000 after acquiring an additional 715,433 shares during the period. BlackRock Inc. purchased a new stake in Truist Financial in the 2nd quarter valued at about $4,959,834,000. Victory Capital Management Inc. lifted its holdings in Truist Financial by 7.5% during the fourth quarter. Victory Capital Management Inc. now owns 31,964,393 shares of the insurance provider’s stock worth $1,572,968,000 after acquiring an additional 2,226,288 shares during the period. Auto Owners Insurance Co raised its stake in shares of Truist Financial by 4,821.0% during the 4th quarter. Auto Owners Insurance Co now owns 14,172,480 shares of the insurance provider’s stock worth $697,428,000 after purchasing an additional 13,884,480 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Truist Financial by 7.5% in the first quarter. Bank of New York Mellon Corp now owns 11,289,721 shares of the insurance provider’s stock worth $518,988,000 after acquiring an additional 789,179 shares during the period. 71.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes TFC has been the topic of a number of recent research reports. Citigroup cut Truist Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $63.00 to $54.00 in a research report on Tuesday, June 30th. Evercore reissued an “outperform” rating and issued a $57.00 price target on shares of Truist Financial in a report on Monday, July 6th. Bank of America reissued a “neutral” rating and set a $56.00 price objective (up from $54.00) on shares of Truist Financial in a report on Wednesday, July 8th. Morgan Stanley reissued an “equal weight” rating and issued a $54.00 target price (down from $62.00) on shares of Truist Financial in a research note on Monday, July 6th. Finally, Wall Street Zen raised shares of Truist Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $55.12.

View Our Latest Analysis on TFC Insider Activity at Truist Financial In other Truist Financial news, CEO William H. Rogers, Jr. sold 13,250 shares of Truist Financial stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $52.36, for a total value of $693,770.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dontá Wilson sold 13,280 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $51.85, for a total value of $688,568.00. Following the completion of the transaction, the insider owned 56,009 shares of the company’s stock, valued at $2,904,066.65. This represents a 19.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 30,516 shares of company stock valued at $1,584,428 in the last 90 days. Corporate insiders own 0.15% of the company’s stock.

Truist Financial Trading Down 3.9% Shares of TFC opened at $48.50 on Thursday. Truist Financial Corporation has a 1-year low of $40.78 and a 1-year high of $56.19. The firm’s 50-day moving average price is $51.48 and its 200-day moving average price is $49.50. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $59.25 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 1.06 and a beta of 0.88.

Truist Financial (NYSE:TFC – Get Free Report) last announced its earnings results on Friday, July 17th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.15. The firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.24 billion. Truist Financial had a return on equity of 10.06% and a net margin of 19.13%.The business’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 EPS. Sell-side analysts anticipate that Truist Financial Corporation will post 4.58 EPS for the current year.

Truist Financial Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. Truist Financial’s dividend payout ratio (DPR) is currently 47.71%.

(Free Report)

Truist Financial Corporation (NYSE:TFC) is a financial services company formed through the 2019 merger of BB&T Corporation and SunTrust Banks. Headquartered in Charlotte, North Carolina, Truist operates as a major commercial bank serving consumers, businesses, and institutions primarily across the United States.

Through its consumer and business banking operations, Truist provides checking and savings accounts, credit cards, mortgages, home equity lending, personal loans, commercial lending, treasury management, and payment services.

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Key Takeaways Truist Financial shares rose 15% in six months, but underperformed its broader industry and close peers.TFC expects 10% fee-income growth in 2026, helped by IB, trading and wealth management.TFC faces rising expenses and weaker credit quality, making an attractive entry point preferable.
Truist Financial Corporation (TFC - Free Report) shares have gained 15% over the past six months, in line with the S&P 500 Index’s rally. The industry to which the stock belongs has gained 27.8%.

If we compare TFC’s price performance with two of its close peers, Bank of America Corporation (BAC - Free Report) and The Bank of New York Mellon Corporation (BNY - Free Report) , it appears that the stock has underperformed both. Over the past six months, BAC and BNY shares have rallied 34.2% and 40%, respectively.

6-Month Price Performance

Image Source: Zacks Investment Research

Despite underperforming the broader industry, TFC’s performance has been decent over the past six months. Now, let us find out if the stock has upside potential left. In order to understand this, let us dig deep into its fundamentals and growth prospects.

Key Positives of TFCNet Interest Income (NII) Growth: Supported by growth in loans and higher rates, Truist Financial’s NII has demonstrated a relatively stable growth trajectory, witnessing a 0.9% compound annual growth rate (CAGR) over the five years ended 2025, with momentum continuing into the first half of 2026.

Management has moderated its 2026 NII growth outlook, primarily reflecting the continued optimization of less strategic lending portfolios, lower loan spreads, a less favorable deposit mix and changes in the forward rate curve. However, these headwinds appear manageable and hence solid loan demand and the ongoing repricing of deposits are likely to continue to provide support to funding costs and spread income as the rate cycle evolves.

This is reflected in management’s expectation for 1.5% sequential NII growth in the third quarter of this year.

Improving Fee Income: Following the 2024 divestiture of its insurance business, Truist Financial has been placing greater emphasis on recurring, client-driven fee income to diversify its revenue mix and reduce reliance on spread income. Excluding securities losses, its non-interest income saw a 1.9% CAGR from 2019 to 2025, supported by the Truist merger, and continued strength in wealth management and other fee-based businesses.

Momentum has continued into the first half of this year, with management expecting non-interest income to rise 10% in 2026, an upgrade from its previous high-single-digit growth outlook.

The improved view reflects stronger performance across investment banking (IB), trading and wealth management, while greater connectivity across commercial, corporate and IB should create additional opportunities for cross-selling and recurring client fees.

Strategic Investments & Digital Transformation: Truist Financial continues to reposition its franchise toward higher-growth, higher-return opportunities, supported by its multi-year investment program launched in 2025 to expand talent, build commercial pipelines and strengthen digital capabilities in attractive markets.

The strategy has already gained traction, as middle-market deposits rose 12% year over year in second-quarter 2026, including 27% growth in expansion markets such as Texas, Pennsylvania and Ohio.

At the same time, the company is using digitalization and AI as operating levers rather than simply technology initiatives. Truist Assist usage increased 60% year over year to nearly 2 million interactions in the second quarter. AI-enabled tools, including Truist Insights, Truist Assist and call summarization, are helping reduce routine service workloads and improve employee productivity, creating capacity to reinvest in higher-value client activities.

Together, targeted market expansion, stronger digital engagement and AI-driven productivity should support higher-quality revenue growth and operating leverage, providing a potential catalyst for improved profitability over the longer term.

Strong Balance Sheet: Truist Financial entered 2026 with a large, diversified balance sheet and a solid liquidity position. As of June 30, 2026, the company held $39.3 billion in cash and due from banks and interest-bearing deposits against $69.9 billion of total debt, with only 38.5% classified as short-term.

Supported by its robust liquidity position, the company continues to prioritize capital returns while maintaining adequate regulatory buffers. Following the successful completion of the 2026 Federal Reserve stress test, TFC maintained its quarterly dividend at 52 cents per share, underscoring confidence in the strength and resilience of its capital position.

It also has significant capacity for share repurchases, with $7.7 billion remaining under its $10-billion authorization as of June 30, 2026, and management targeting $5 billion in buybacks in 2026.

What’s Hurting TFC’s Growth?Rising Expenses: Truist Financial’s cost base has stabilized from the elevated post-merger levels, supported by roughly $750 million of gross savings from its 2023 strategic cost-saving program. However, non-interest expenses rose in 2025 and the first half of 2026, driven by higher personnel costs, and continued investments in technology and digital capabilities, including AI-enabled tools.

Expense Trend

Image Source: Zacks Investment Research

While these investments could support productivity over the longer term, continued reinvestment may limit operating leverage and constrain bottom-line growth. With management expecting non-interest expenses to increase 1.75% in 2026, persistent cost pressures remain a headwind to earnings expansion.

Deteriorating Credit Quality: Truist Financial’s credit quality has been weakening, as reflected in sharply higher loss provisioning and charge-offs. Over the three years ended 2025, provision for credit losses and net charge-offs (NCOs) saw a CAGR of 34.6% and 27.5%, respectively, driven by an increasingly unfavorable macro backdrop.

While provisions declined in the first six months of 2026, NCOs increased. Given the still-challenging operating environment, provisions and NCOs will likely remain elevated and trend higher in the near term.

Analyzing Analyst Sentiments for TFCAnalysts do not seem optimistic regarding the company’s earnings growth potential. Over the past 30 days, the Zacks Consensus Estimate for TFC’s 2026 earnings has been unchanged at $4.58, while the 2027 estimate has been revised lower to $4.93.

Earnings Estimate Revision

Image Source: Zacks Investment Research

Here’s How to Approach TFC Stock NowBacked by lower funding costs, steady loan demand and growth in fee-based businesses, Truist Financial remains well-positioned to deliver top-line growth. Its decent liquidity supports sustainable capital distributions. Strategic restructuring initiatives, investments in digital capabilities and expansion in high-growth markets will further support revenue prospects.

However, elevated expenses due to higher personnel costs and continuous investment in technology will likely keep hurting Truist Financial's bottom line in the near term. A challenging macroeconomic environment could strain its financial performance and lead to weakening credit quality, posing another concern.

Thus, investors should not rush to buy the TFC stock now. Instead, they should keep it on their radar and wait for an attractive entry point. Those who already own the TFC stock can hold on to it because it is less likely to disappoint over the long term, given its strong fundamentals.

At present, Truist Financial carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Key Takeaways Truist Financial still trails its 2019 merger goals despite stronger earnings and improved ROTCE in 2026.TFC's assets rose 18% since the merger, but loans grew about 10%, and shares fell 7.2% since December 2019.TFC targets modest 2026 NII growth as credit risks, rising costs and weaker digital sales test Lyons. Truist Financial’s (TFC - Free Report) new president and CEO, Mike Lyons, is taking charge at a critical point for the bank. Lyons, who assumed the role on Sept. 1, brings more than 30 years of financial-services experience spanning banking, payments and technology. Former CEO Bill Rogers has moved to executive chair until his planned April 2027 retirement.

Nearly 7 Years After the Merger, TFC Still Trails Its AmbitionsLyons inherits a bank whose profitability is improving, but the numbers highlight how far Truist remains from the aspirations set when BB&T and SunTrust completed their merger of equals in December 2019. The deal targeted a 22% return on average tangible common equity (ROTCE) and a 51% efficiency ratio, along with $1.6 billion of annual run-rate cost synergies by 2022.

In the first half of 2026, Truist’s earnings jumped 30% year over year, and ROTCE improved to 14.6% from 12.3% at June 2025-end. Yet that remains roughly 740 basis points (bps) below the merger-era 22% return target. The efficiency ratio was 58.0%, about 700 bps above the original 51% goal. TFC’s current long-term ROTCE target of 16-18% is also below the return profile envisioned in 2019.

ROTCE Outlook
 

Image Source: Truist Financial Corporation

Truist’s Scale is Yet to Produce Strong Organic GrowthTruist ended 2019 with $473 billion of assets, $299.8 billion of loans held for investment (LHI) and $334.7 billion of deposits. By June 2026, assets had risen to $556 billion, while LHI was about $329.8 billion and deposits $409.4 billion. While assets expanded roughly 18% since the merger, LHI grew only about 10%, an annualized pace of roughly 1.5%.

That is a modest payoff from a franchise created to lead attractive Southeast and Mid-Atlantic markets and form the sixth-largest U.S. bank. TFC’s share price also underscores muted value creation. Since December 2019, the company’s shares are down 7.2%, lagging the industry’s rally of 45.1%. Its close peers, PNC Financial Services (PNC - Free Report) and M&T Bank (MTB - Free Report) , have gained 58.2% and 42.9%, respectively, over the same time frame.

Price Performance
 

Image Source: Zacks Investment Research

Over the past seven years, PNC Financial and M&T Bank have expanded their capabilities and geographic reach through acquisition and partnership. Further, these two banks are taking steps to expand their branch network across high-growth markets.

Shareholder payouts also highlight Truist’s relatively sluggish post-merger progress. Truist’s annual common dividend increased from $1.71 per share in 2019 to $2.08 in 2025 and has remained unchanged since 2023. In contrast, PNC Financial’s dividend climbed from $4.20 to $6.60, and M&T Bank’s rose from $4.10 to $5.70 over the same period.

Moreover, while Truist continues to pay 52 cents quarterly in 2026, PNC Financial and M&T Bank have lifted their latest quarterly payouts to $2.00 and $1.50, respectively.

TFC: NII, Credit Risks and Digital Execution Will Test LyonsTruist must address the subpar net interest income (NII) growth while managing credit risks that could limit profitability. Taxable-equivalent revenues rose 5% year over year in the first six months of 2026, but net interest margin (NIM) slipped 2 bps to 3%, underscoring pressure on spread income. The company projects a modest 1-1.5% NII growth for 2026. 

5-Quarter NII and NIM Trend
 

Image Source: Truist Financial Corporation

To improve NII and NIM, Lyons will need to restructure the bank’s bond portfolio, improve asset repricing and deposit-cost discipline. He may even consider divesting non-strategic businesses such as subprime auto lending to improve balance sheet productivity.

Commercial lending represents another important headwind. Truist’s commercial loan book totaled approximately $201.6 billion as of June 30, 2026, or about 61% of its loan portfolio. This makes asset quality and credit costs particularly sensitive to weak property values, elevated vacancies and refinancing pressures. Though these loans have floating interest rates and shorter durations, Lyons will have to maintain strict underwriting standards, increase reserves where necessary and actively manage criticized and non-performing assets as economic pressure weighs on commercial borrowers.

5-Quarter LHI Trend
 

Image Source: Truist Financial Corporation

Digital banking will also be central to Lyons’ efforts to strengthen customer engagement and improve operating efficiency. Digital transactions represented 71% of Consumer and Small Business Banking transactions in the second quarter, but digital sales accounted for only 29% of total sales and fell nearly 480 bps year over year. Better digital origination, personalization and cross-selling could improve customer acquisition and deepen relationships, helping offset slower balance sheet growth.

Truist’s cost base has stabilized from the elevated post-merger levels, but non-interest expenses rose in 2025 and the first half of 2026, driven by higher personnel costs and continued investments in technology and digital capabilities, including AI-enabled tools. While these investments will likely support productivity over the longer term, continued reinvestment may limit operating leverage and constrain bottom-line growth.

Truist’s solid capital position provides Lyons with meaningful strategic flexibility. The bank ended June with a 10.9% CET1 ratio and returned $1.8 billion to shareholders during the quarter. The bigger challenge is deploying that capital effectively, converting technology investments and franchise scale into stronger loan growth, improved NII, disciplined credit costs and returns that move closer to the ambitions set at the time of the 2019 merger.

At present, TFC carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

, /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.52 per common share, payable on September 1, 2026, to shareholders of record at the close of business on August 14, 2026.

The Board also declared regular cash dividends on the following series of preferred stock:

Series of Preferred Stock

Dividend per
Share 

Dividend per
Depositary
Share 

Record

Date

Payment

Date

Series I Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q810) 

$1,138.74533(1)

$0.28469(1)

Aug. 14

Sep. 15

Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6) 

$1,168.13422(1)

$11.68134(1)

Aug. 14 (2)

Sep. 15

Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock

(CUSIP 89832QAD1)

$833.625

$33.345

Aug. 14

Sep. 1(3)

Series O Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q745)

$328.125

$0.328125

Aug. 14

Sep. 1

Series Q Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock

(CUSIP 89832QAF6)

$637.50

$25.50

Aug. 14

Sep. 1(3)

Series R Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q695)

$296.875

$0.296875

Aug. 14

Sep. 1

Series S Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAK5)

$520.83333(1,4)

$20.83333(1,4)

Aug. 17

Sep. 15(4)

Notes:
(1) In the table, dividends per share and dividends per depositary share for Series I, Series J, and Series S are rounded to the hundred-thousandths position for the convenience of the reader.
(2) In accordance with the Amended and Restated Declaration of Trust of SunTrust Preferred Capital I, the record date for the Preferred Purchase Securities representing fractional interests in shares of Series J preferred stock will be August 31, 2026.
(3) Dividends per share and dividends per depositary share for Series N and Series Q are declared and paid semiannually.
(4) The dividend per share and dividend per depositary share for Series S reflect the initial dividend period that began on May 15, 2026, the original issuance date, and ends immediately prior to the September 15, 2026 dividend payment date. For a regular quarterly dividend period prior to the first reset date, dividends on Series S would be $390.625 per share and $15.625 per depositary share.

About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $556 billion as of June 30, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.

SOURCE Truist Financial Corporation

• Truist Financial shares are under pressure. Why is TFC stock retreating?

Truist Financial’s diversified business model and strongly positioned franchises helped the company deliver strong quarterly results, according to RBC Capital Markets.

The Truist Financial Analyst: Analyst Gerard Cassidy maintained an Outperform rating and price target of $53.

The Truist Financial Thesis: While the company’s fee income inflected in the quarter, net interest margin (NIM) contracted, Cassidy said in the note.

Check out other analyst stock ratings.

He highlighted the following from Truist Financial’s results:

Non-interest income (NII) grew 5.9% sequentially and 17% year-on-year to $1.644 billion. NII was the primary driver of revenue growth in the quarter. NIM taxable equivalent (TE) contacted 4 basis points (bps) sequentially to 2.98%, the lowest in recent quarters, "pressured by slightly higher funding costs, lower loan spreads, and a larger balance sheet." "YoY fee growth of 17% demonstrates the growing contribution of its wholesale banking franchise and higher AUM (Assets Under Management)," the analyst wrote.

With improving credit quality, provision declined sharply from $479 million to $395 million, he added.

Truist Financial returned $1.8 billion to shareholders during the quarter, with dividends of $600 million and share buybacks of $1.2 billion, Cassidy noted. Management reaffirmed a share buyback target of around $5 billion for 2026, versus $2.5 billion in 2025, "signaling strong conviction in ongoing capital generation," he further wrote.

Outlook: Management lowered the full-year 2026 NII guidance to 1%-1.5%, from their prior projection of 2%-3%, "citing portfolio optimization of less strategic lending books, lower loan spreads, less favorable deposit mix, and an updated forward curve," Cassidy noted.

TFC Price Action: Shares of Truist Financial had declined by 2.27% to $51.31 at the time of publication on Monday.

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Truist’s second quarter displayed a range of puts and takes shaping consumer banking.

Customers kept spending, mobile activity rose and credit losses eased, while the movement of cash into higher-yielding accounts continued to raise funding costs.

The quarter also marked Bill Rogers’ final earnings call as Truist’s CEO. Mike Lyons will become president and CEO on Sept. 1, after having served as Fiserv’s CEO. Rogers will serve as executive chair until his planned retirement in April 2027.

Commentary during an earnings conference call with analysts Friday (July 17) indicated that consumer liquidity, spending and credit trends remained within management’s expectations. Average consumer and small business loans rose 2% from a year earlier, even as Truist reduced production in lending categories it viewed as less central or less profitable. Consumer and small business deposits also rose 2%, supported by a 39% gain in deposits from new clients.

“Consumer behavior remained resilient during the quarter, with stable liquidity, spending and credit trends that remain within our expectations,” Rogers said during the call.

Credit quality also improved from the first quarter. Net charge-offs fell 11 basis points to 50 basis points, with lower losses across most portfolios. Nonperforming loans rose by one basis point, partly because Truist changed its nonaccrual rules for loans in its nonprime auto business. Management said the accounting change did not reflect weaker underlying credit trends.

The results came as Truist narrowed its lending focus. The bank is reducing exposure to marine, recreational vehicle and selected auto loans. It is directing more capital toward commercial borrowers, where an initial loan can lead to deposits, payments, liquidity services and capital markets work.

Chief Financial Officer Mike Maguire said the review also extends to wholesale banking.

“There are things that we’ve done and will continue to do in wholesale around client selection, around pricing, around product design, rebalancing, that are all intended to create more profitability and efficiency,” Maguire told analysts.

Digital Use Carries More Financial Weight Digital engagement was one of the clearest measures of customer behavior in the quarter. Active mobile users rose 4% from a year earlier to 5.4 million, while digital transaction volume increased 7% to 93 million transactions. About 85% of client logins now take place through mobile devices.

Rogers linked digital activity directly to revenue, profit and operating costs.

“Digital active clients generate more revenue and higher profitability than non-digital clients, while greater self-service adoption continues to improve efficiency across the franchise,” Rogers said.

Clients used Truist Assist nearly 2 million times during the quarter, up 60% from a year earlier. The virtual assistant gives customers a way to handle routine service matters without visiting a branch or contacting an employee.

Rogers said the usage reflected “growing adoption of self-service capabilities and our continued investment in the digital client experience.”

The strategy reaches beyond routine consumer banking. Premier Banking, which serves clients with $100,000 to $1 million in combined deposits and investments, represents more than half of consumer and small business banking deposits. New Premier deposit production balances rose 20%, adviser productivity rose 23%, and financial planning activity rose 9%.

On the commercial side, average wholesale deposits rose 6% after adjusting for large merger-related balances in the prior-year quarter. Truist tied the gains to payments and liquidity services, which place the bank inside the daily movement of corporate funds.

Middle-market deposits rose 12%. Deposits grew 9% in established markets and 27% in expansion markets such as Texas, Pennsylvania and Ohio.

Deposit mix remains the pressure point. Maguire said Truist still expects annual deposit growth of about 3%, but the share of demand deposits could fall from roughly 27% at the start of the year to about 25% by year-end. Those balances usually carry lower funding costs.

“We still actually feel quite good about deposit balances both in wholesale and consumer,” Maguire said. “We’re seeing nice production. It’s really just mix.”

Rogers said the movement toward higher-yielding accounts reflected customer choices more than a new wave of rate competition.

“What we’ve seen in the deposit migration to higher yielding is more client behavior than competitive pressure,” he said. “The competitive environment still is highly competitive. We’re the most competitive we’ve ever been in terms of product and capability.”

Shares in Truist were up 1.5% in early trading Friday morning.

Truist Financial Corporation (TFC - Free Report) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +13.89%. A quarter ago, it was expected that this company would post earnings of $0.99 per share when it actually produced earnings of $1.09, delivering a surprise of +10.1%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Truist Financial, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $5.27 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.02%. This compares to year-ago revenues of $4.99 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Truist Financial shares have added about 8.2% since the beginning of the year versus the S&P 500's gain of 10.1%.

What's Next for Truist Financial?While Truist Financial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Truist Financial was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.13 on $5.35 billion in revenues for the coming quarter and $4.51 on $21.11 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Major Regional is currently in the top 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

BankUnited, Inc. (BKU - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 22.

This company is expected to post quarterly earnings of $1.02 per share in its upcoming report, which represents a year-over-year change of +12.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

BankUnited, Inc.'s revenues are expected to be $290.57 million, up 6.1% from the year-ago quarter.

Key Takeaways Truist's Q2 earnings are expected to rise 18.7%, with sales projected to increase 4.5%.Strong loan demand and stable funding costs are expected to lift TFC's NII 1.3% y-o-y to $3.63 billion.Fee income is projected to grow, while expenses and non-performing assets are expected to rise. Truist Financial (TFC - Free Report) is scheduled to report second-quarter 2026 results on July 17 before the opening bell. The overall impressive lending scenario in the quarter is likely to have supported the company’s net interest income (NII).

Per the Fed’s latest data, the demand for commercial and industrial (C&I) loans (accounting for almost 50% of TFC’s total loans and leases held for investment) was robust in the to-be-reported quarter. Demand for consumer loans (almost 40% of total loans) was solid.

The Zacks Consensus Estimate for TFC’s average earning assets for the quarter is pegged at $488.4 billion, indicating a 1.5% rise from the prior-year quarter.

In the second quarter, the Federal Reserve kept interest rates unchanged and signaled a hike later in the year. This, along with strong loan demand, decent economic growth and stabilizing funding/deposit costs, is expected to have driven Truist’s net interest income (NII) higher. The consensus estimate for NII is pegged at $3.63 billion, implying a 1.3% increase.

Management anticipates NII to increase approximately 1% sequentially, primarily driven by one additional day and increased client deposit balances.

Other Factors to Impact Truist’s Q2 EarningsNon-Interest Income: Though mortgage rates increased in the second quarter to the mid-6% range, they were lower than the prior-year quarter level. Hence, refinancing activities and origination volume were decent. Thus, Truist’s mortgage banking income is expected to have risen. The Zacks Consensus Estimate for the metric of $121.2 million indicates a 23.6% jump from the prior-year quarter.

Higher client activity and volatility in the capital markets, along with industry-wide decent deal-making activities, in the to-be-reported quarter are expected to have supported TFC’s corresponding fee income. The consensus estimate for investment banking and trading income of $336.7 million indicates a year-over-year jump of 64.2%.

The strong lending backdrop is likely to have supported Truist’s lending-related fees. The Zacks Consensus Estimate for the same is $100.2 million, indicating a rise of 1.2%. As the U.S. markets witnessed investor rotation amid the changing macro environment, there has been a rise in asset inflows. The consensus estimate for wealth management income of $375.6 million suggests an increase of 7.9%.

The Zacks Consensus Estimate for total non-interest income is pegged at $1.56 billion, which indicates an 11.6% rise from the prior-year quarter.

Management expects non-interest income to decline almost 1% sequentially due to Investment Banking and Trading income, partially offset by higher other income and card and treasury management fees.

Expenses: Truist has been witnessing a continued rise in overall non-interest expenses over the past several quarters because of investments in technology, inflationary pressure and expansion efforts. A similar trend is expected to have continued in the second quarter.

Management expects GAAP non-interest expenses to rise 3-4% from $3 billion in the first quarter of 2026. This will be due to higher personal costs.

Asset Quality: Truist is unlikely to have set aside a substantial amount for potential loan delinquencies, given the modest improvement in the operating environment, supported by resilient economic growth, broadly stable credit conditions and the announced ceasefire in the Middle East. However, robust lending and persistently higher inflation are likely to have weighed on provision numbers.

The Zacks Consensus Estimate for total non-accrual loans and leases of $2.16 billion suggests a 71.4% year-over-year jump. The consensus estimate for total non-performing assets is $2.23 billion, indicating a 69.5% surge.

Truist’s Q2 Earnings & Sales ExpectationsThe Zacks Consensus Estimate for TFC’s earnings of $1.08 per share has remained unchanged over the past seven days. This indicates growth of 18.7% from the year-ago reported number.
 

The consensus estimate for sales is pegged at $5.21 billion, suggesting a 4.5% rise. The company expects revenues to remain relatively stable at $5.2 billion sequentially.

What the Zacks Model Unveils for TFCAccording to our quantitative model, the chances of Truist beating the Zacks Consensus Estimate for earnings this time are high. This is because it has the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Earnings ESP: The Earnings ESP for Truist is +0.23%.

Zacks Rank: TFC currently carries a Zacks Rank #3.

TFC’s Peers Worth ConsideringHere are a couple of Truist’s peer bank stocks that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time:

U.S. Bancorp (USB - Free Report) is scheduled to announce second-quarter 2026 results on July 16. The company carries a Zacks Rank #2 (Buy) and has an Earnings ESP of +0.34% at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Quarterly earnings estimates for U.S. Bancorp have been revised upward to $1.28 over the past week.

The Earnings ESP for M&T Bank (MTB - Free Report) is +0.13%, and it carries a Zacks Rank #2. The company is slated to report second-quarter 2026 numbers tomorrow.

Over the past seven days, the Zacks Consensus Estimate for M&T Bank’s quarterly earnings has remained unchanged at $4.66.