ABN Amro Investment Solutions trimmed its holdings in shares of Truist Financial Corporation (NYSE:TFC – Free Report) by 45.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,543 shares of the insurance provider’s stock after selling 51,761 shares during the period. ABN Amro Investment Solutions’ holdings in Truist Financial were worth $2,875,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Kemnay Advisory Services Inc. purchased a new position in shares of Truist Financial during the 4th quarter valued at approximately $25,000. Swiss RE Ltd. acquired a new position in shares of Truist Financial during the 4th quarter worth about $26,000. McMillan Office Inc. purchased a new position in Truist Financial in the 4th quarter valued at about $31,000. Ancora Advisors LLC lifted its stake in Truist Financial by 259.1% in the 3rd quarter. Ancora Advisors LLC now owns 693 shares of the insurance provider’s stock valued at $32,000 after buying an additional 500 shares in the last quarter. Finally, Maseco LLP boosted its holdings in Truist Financial by 53.8% in the 4th quarter. Maseco LLP now owns 652 shares of the insurance provider’s stock worth $32,000 after buying an additional 228 shares during the last quarter. 71.28% of the stock is currently owned by institutional investors and hedge funds.
Truist Financial Stock Performance NYSE TFC opened at $51.18 on Friday. The stock has a fifty day simple moving average of $49.72 and a 200-day simple moving average of $49.55. 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 stock has a market cap of $63.77 billion, a PE ratio of 11.74, a P/E/G ratio of 0.94 and a beta of 0.89. Truist Financial Corporation has a twelve month low of $40.78 and a twelve month high of $56.19.
Truist Financial (NYSE:TFC – Get Free Report) last issued its quarterly earnings data on Friday, July 17th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.15. Truist Financial had a net margin of 19.13% and a return on equity of 10.06%. The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.24 billion. During the same period in the previous year, the firm earned $0.91 EPS. Truist Financial’s revenue was up 5.6% on a year-over-year basis. Equities analysts anticipate that Truist Financial Corporation will post 4.59 earnings per share for the current year.
Truist Financial Announces Dividend The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 8th were given a dividend of $0.52 per share. The ex-dividend date was Friday, May 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.1%. Truist Financial’s dividend payout ratio (DPR) is currently 47.71%.
Analyst Upgrades and Downgrades Several equities research analysts have commented on TFC shares. Jefferies Financial Group reiterated a “mixed” rating and set a $45.00 price objective on shares of Truist Financial in a research note on Friday, April 17th. Evercore restated an “outperform” rating and issued a $57.00 price objective on shares of Truist Financial in a report on Monday, July 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $54.00 target price (down from $62.00) on shares of Truist Financial in a research note on Monday, July 6th. Stephens dropped their target price on shares of Truist Financial from $59.00 to $57.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Weiss Ratings upgraded shares of Truist Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $54.61.
Check Out Our Latest Stock Analysis on TFC
Truist Financial Company Profile (Free Report)
Truist Financial Corporation is an American bank holding company that provides a broad range of financial services through its primary subsidiary, Truist Bank, and other operating units. The company offers traditional retail banking products and services such as deposit accounts, consumer and residential mortgage lending, and credit and debit card services. Truist also serves commercial clients with middle-market and corporate lending, treasury and payment solutions, and specialty finance products.
Beyond core banking, Truist operates wealth management, asset management, insurance and capital markets businesses.
Recommended Stories Five stocks we like better than Truist Financial Premium Retail’s Stress Test Is Separating Winners From Losers D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? GE Vernova Just Sent a Mixed AI Signal to Investors Alphabet Crushed Earnings, But One Number Spooked the Market Want to see what other hedge funds are holding TFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Truist Financial Corporation (NYSE:TFC – Free Report).
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On the earnings front, Truist, on July 17, posted second-quarter earnings of $1.23 per diluted share, beating the analyst consensus of $1.08 per share. Revenue of $5.27 billion edged past the $5.24 billion consensus estimate.
When asked about Keel Infrastructure Corp. (NASDAQ:KEEL), he said, “This is the kind of thing I’m willing to bless. It’s a high-risk infrastructure company where I do feel that something good could happen.”
As per the recent news, Keel Infrastructure, on July 6, announced the appointment of Ganesh Aiyer as president.
“If you own Archer (NYSE:ACHR) at $5 and it goes to $4, it’s going to hurt. But I do think it’s like Keel. You can risk a little money. You’re allowed to have a speculative stock in your portfolio,” Cramer said.
Archer Aviation, on Monday, unveiled a jointly developed series hybrid-electric VTOL platform with Anduril built to serve both defense and commercial applications.
Keybanc analyst Bradley B. Thomas, on July 16, maintained Ollie’s Bargain Outlet with an Overweight rating and lowered the price target from $140 to $98.
Price Action:
Keel Infrastructure shares gained 7.1% to settle at $4.65 on Tuesday. Truist shares rose 0.8% to close at $51.38 during the session. Archer shares fell 0.6% to settle at $5.28 on Tuesday. Ollie’s Bargain shares declined 2.1% to close at $66.00. Photo via Shutterstock
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Sameer to drive growth, investment in wealth management business
, /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced Shimna Sameer as head of Truist Wealth. Sameer joins the company to accelerate the performance and scale the delivery of Truist's wealth management business.
As head of Truist Wealth, Sameer will have broad oversight of business strategy, including the delivery of Truist's purpose-driven wealth experience to clients, enhancing the advisor and client experience, investing in and deploying innovative technology, strengthening partnerships across the enterprise and delivering long-term growth.
Shimna Sameer announced head of Truist Wealth. Sameer has more than 20 years of experience in consumer banking, wealth management and private banking. Most recently, she served as head of products, solutions and platforms at Bank of America Private Bank. In this role, Sameer was responsible for managing the Private Bank's digital platforms, business and talent strategies and client experience, as well as driving business opportunities across the enterprise. She also led the delivery of the firm's specialized capabilities – including wealth strategy, trust services, custom lending and art services – to all of Bank of America's wealth management clients. Throughout her career, Sameer has led scaled client-facing businesses and large transformational initiatives, including developing the strategy for the sales organization, digital solutions and talent development for Merrill Edge.
Sameer will join Truist in October, reporting to Chief Wholesale Banking Officer Kristin Lesher, and serve as a member of the Truist Operating Council. She will be based in Truist's Hudson Yards offices in New York City.
"Truist Wealth is critical to our enterprise growth strategy and we'll continue to invest in technology enhancements, empower our advisors and broaden the solutions we provide clients," said Kristin Lesher, Truist Chief Wholesale Banking Officer. "Shim has spent her career serving clients, leading organizations to achieve outsized results and designing and implementing strategies that drive performance. She has a proven ability to partner across the enterprise, support advisor growth and development and leverage technology to scale businesses. Her experience and success across banking and wealth management will shape Truist Wealth at an important moment in our business."
Truist Wealth delivers holistic wealth management solutions to affluent, high, and ultra-high net worth individuals, families, and business owners across the U.S. and abroad. Truist Wealth is part of the Truist Wholesale Banking segment which provides comprehensive solutions to commercial, corporate, institutional and high-net-worth clients through a combination of regional coverage and industry-focused teams serving clients across the U.S.
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.
About Truist Wealth
Truist Wealth delivers holistic wealth management solutions to affluent, high, and ultra-high net worth individuals, families, and business owners across the U.S. and abroad. Truist Wealth provides distinct solutions for individuals and businesses through the following affiliates: Banking products and services, corporate trust, escrow, and institutional investment management services to public, private, and nonprofit organizations provided by Truist Bank, Member FDIC. Securities, brokerage accounts, and/or annuities offered by Truist Investment Services, Inc., member FINRA, SIPC, and a licensed insurance agency. Investment advisory services offered by Truist Advisory Services, Inc. and affiliated SEC registered investment advisers.
Truist Financial delivered strong Q2'26 results, with double-digit growth in Y/Y net earnings as well as non-interest income. TFC's commercial loan book and fee-based businesses, especially capital markets advice, drove robust year-over-year expansion and outperformance versus consensus. The current 1.1x P/B valuation is inadequate, and the bank could re-rate to 1.4x if net interest and fee-based income momentum persists and rate cuts are delayed until 2027.
• 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 Financial Corporation released its second quarter 2026 results on Friday, significantly exceeding EPS expectations and reporting solid revenue growth. In this article, I'll provide an in-depth review of Truist's performance so far this year, focusing on operational growth in its core and non-core business segments, profitability, and credit quality. I'll also share my assessment of the results of the Federal Reserve's 2026 stress test and express my opinion on the CEO succession plan at Truist.
Truist Financial Corp. (NYSE:TFC) reported upbeat second-quarter earnings on Friday.
The bank earned $1.23 per diluted share in the second quarter, clearing the analyst consensus of $1.08 by nearly 14% and representing a 35% improvement from the 90 cents per share delivered in the same period last year. Revenue of $5.27 billion edged past the $5.24 billion consensus estimate and came in 4.67% above the year-ago figure.
For the third quarter Truist is guiding for revenue of approximately $5.35 billion, just below the analyst estimate of $5.38 billion. For the full year the bank widened its revenue outlook to a range of $21.22 billion to $21.32 billion, bracketing the prior consensus estimate of $21.28 billion.
Truist Financial shares gained 0.2% to $52.60 in pre-market trading.
These analysts made changes to their price targets on Truist Financial following earnings announcement.
JP Morgan analyst Vivek Juneja downgraded the stock from Neutral to Underweight and lowered the price target from $53.5 to $53. Baird analyst David George maintained the stock with a Neutral and raised the price target from $55 to $56. Considering buying TFC stock? Here’s what analysts think:
Photo via Shutterstock
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Key Takeaways Truist's Q2 earnings per share rose 36.7% to $1.23, while revenues climbed 5.6% to $5.27 billion.Higher NII, fee income, loans and deposits supported results, while expenses rose and NIM narrowed.Provisions fell to $395 million, and Truist returned $1.8 billion through dividends and share buybacks. Truist Financial’s (TFC - Free Report) second-quarter 2026 earnings of $1.23 per share handily beat the Zacks Consensus Estimate of $1.08. The bottom line was up 36.7% from 90 cents a year ago.
Shares of TFC lost 1.2% in pre-market trading despite better-than-expected quarterly performance on net interest margin concerns.
Results were primarily aided by a rise in net interest income (NII) and higher fee income. A higher average loan and deposit balance, as well as a decline in provisions, offered support. An increase in expenses and a decline in NIM were the undermining factors.
Net income available to common shareholders was $1.52 billion, up 28.7% from the prior-year quarter.
TFC’s Revenue Mix Reflects Higher Fee IncomeTotal revenue of $5.27 billion rose 5.6% year over year. The top line beat the consensus estimate of $5.21 billion.
NII was $3.62 billion compared with $3.59 billion in the second quarter of 2025. This was driven by higher earning assets and loan growth, partly offset by lower loan spreads and fixed-rate debt repricing. The net interest margin (NIM) contracted 4 basis points (bps) to 2.98%.
Non-interest income was $1.64 billion, up 17.4%. This was attributable to higher investment banking and trading income, wealth management income, mortgage banking income and lending-related fees.
Truist Cost Trends Show Mixed Signals on ProfitabilityNon-interest expense totaled $3.06 billion, up 2.3%. This was primarily due to higher personnel costs related to salaries and incentives, partly offset by lower professional fees and outside processing expenses.
Profitability metrics improved alongside earnings growth. Return on average common equity was 10.4% and return on average tangible common equity was 15.4% in the quarter compared with 8.1% and 12.3%, respectively, in the prior-year period.
The efficiency ratio improved to 58% from 59.9%, signaling better operating leverage.
TFC’s Credit Quality: A Mixed BagProvision for credit losses decreased to $395 million from $488 million a year ago, reflecting an allowance release in the reported quarter. The allowance for loan and lease losses was 1.51% of loans and leases held for investment, down from 1.54% a year ago.
Net charge-offs (NCOs) were $414 million, up from $396 million in the year-ago quarter. NCO ratio of 0.50% of average loans and leases increased 1 bp year over year.
Total non-performing assets were $1.75 billion as of June 30, 2026, up from $1.32 billion a year earlier. Non-performing loans and leases were 0.51% of loans and leases held for investment, up 12 bps year over year.
TFC’s Balance Sheet and Capital Return Remain in FocusBalance sheet trends were solid, with average loans and leases of $331.75 billion, up from $313.84 billion in the year-ago quarter. This was driven by commercial and industrial, commercial real estate and other consumer loan growth.
Average deposits were $404.87 billion compared with $400.48 billion a year earlier.
Capital return was a notable highlight in the quarter. Truist returned $1.8 billion to shareholders through dividends and share repurchases, including $1.2 billion of buybacks. The company expects share repurchases to be approximately $5 billion in 2026.
The common equity Tier 1 ratio was 10.9% at quarter end, up 10 bps sequentially but down from 11% a year ago.
TFC Projects Upbeat Near-Term ResultsFor the third quarter of 2026, management expects taxable-equivalent (TE) revenues to increase roughly 1% sequentially. Non-interest expenses are projected to rise almost 2% from $3.1 billion.
For full-year 2026, Truist expects revenues (TE) to rise 3.5-4% and non-interest expenses to increase roughly 1.75%. The company also estimates NCO ratio of approximately 55 bps and an effective tax rate of about 14.5%.
Management expects NII to increase 1-1.5% in 2026 from the prior year. The updated outlook reflects the continued optimization of less strategic lending portfolios, lower loan spreads, a less favorable deposit mix and changes in the forward interest-rate curve.
Our Take on Truist FinancialDecent loan demand, higher fee income and TFC’s business restructuring/expansion initiatives are expected to continue supporting its top line. A solid balance sheet position is another positive. However, elevated expenses, given a tough operating environment, and pressure on NIM are major headwinds.
Truist Financial currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Truist’s PeersM&T Bank’s (MTB - Free Report) second-quarter net operating earnings per share of $5.35 beat the Zacks Consensus Estimate of $4.66. The bottom line compared favorably with earnings of $4.28 in the year-ago quarter.
Results were aided by higher NII and a rise in non-interest income, along with loan growth. However, higher expenses acted as headwinds.
The PNC Financial Services Group, Inc. (PNC - Free Report) reported adjusted earnings per share of $4.85 in the second quarter of 2026, beating the Zacks Consensus Estimate of $4.51 and up from $3.85 a year ago.
Results reflected higher NII, strong fee income growth, an improvement in NIM, solid loan growth and lower provisions. However, higher expenses and a decline in the deposit balance were headwinds.
Truist Financial Corporation (TFC - Free Report) reported $5.27 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 5.6%. EPS of $1.23 for the same period compares to $0.91 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $5.21 billion, representing a surprise of +1.02%. The company delivered an EPS surprise of +13.89%, with the consensus EPS estimate being $1.08.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Truist Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency ratio-unadjusted: 58% versus the four-analyst average estimate of 59%.Net interest margin: 3% compared to the 3% average estimate based on four analysts.Net charge-offs as a percentage of average loans and leases: 0.5% versus the three-analyst average estimate of 0.5%.Total nonperforming assets: $1.75 billion versus the three-analyst average estimate of $2.23 billion.Book Value Per Share (BVPS): $48.04 compared to the $48.13 average estimate based on three analysts.Total nonaccrual loans and leases: $1.69 billion versus $2.16 billion estimated by three analysts on average.Average balance - Total earning assets: $492.46 billion versus $488.41 billion estimated by three analysts on average.Tier 1 Capital Ratio: 12.2% versus 11.9% estimated by two analysts on average.Tier 1 Leverage Ratio: 9.8% versus the two-analyst average estimate of 9.8%.Total Noninterest Income: $1.64 billion versus $1.56 billion estimated by four analysts on average.Net interest income (expense): $3.62 billion versus the four-analyst average estimate of $3.63 billion.Net interest income (FTE): $3.67 billion versus $3.68 billion estimated by three analysts on average.View all Key Company Metrics for Truist Financial here>>>
Shares of Truist Financial have returned +10.2% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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) Q2 2026 Earnings Call July 17, 2026 8:00 AM EDT
Company Participants
Bradley Milsaps - Executive VP & Head of Investor Relations
William Rogers - Executive Chairman, CEO & President
Michael Maguire - Senior EVP & CFO
Conference Call Participants
Ryan Nash - Goldman Sachs Group, Inc., Research Division
John Pancari - Evercore ISI Institutional Equities, Research Division
Kenneth Usdin - Bernstein Autonomous LLP
L. Erika Penala - UBS Investment Bank, Research Division
Manan Gosalia - Morgan Stanley, Research Division
Michael Mayo - Wells Fargo Securities, LLC, Research Division
Ebrahim Poonawala - BofA Securities, Research Division
Matthew O'Connor - Deutsche Bank AG, Research Division
Gerard Cassidy - RBC Capital Markets, Research Division
Presentation
Operator
Greetings, ladies and gentlemen, and welcome to the Truist Financial Corporation Second Quarter 2026 Earnings Conference Call. [Operator Instructions] As a reminder, this event is being recorded.
It is now my pleasure to introduce your host, Mr. Brad Milsaps.
Bradley Milsaps
Executive VP & Head of Investor Relations
Thank you, Rocco, and good morning, everyone. Welcome to Truist's Second Quarter 2026 Earnings Call. With us today are our Chairman and CEO, Bill Rogers; our CFO, Mike Maguire; our Chief Risk Officer, Brad Bender; as well as other members of the Truist senior management team.
During this morning's call, they will discuss Truist's second quarter 2026 results share their perspectives on current business conditions and provide an update on our outlook for 2026. The accompanying presentation as well as our earnings release and supplemental financial information are available on the Truist Investor Relations website, ir.truist.com.
Our presentation today will include forward-looking statements and certain non-GAAP financial measures. Please review the disclosures on Slides 2 and 3 of the presentation regarding these statements and measures as well as the appendix for required reconciliations to GAAP.
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.
Fiserv’s Debit Network Talks Raise a Bigger Question for Visa and MastercardTruist Financial NYSE: TFC reported higher second-quarter 2026 earnings and said it remains focused on improving profitability and capital efficiency, even as management lowered its full-year revenue and net interest income outlook.
The Charlotte-based bank reported net income available to common shareholders of $1.5 billion, or $1.23 per diluted share, for the quarter. Chief Executive Officer Bill Rogers said earnings per share rose 37% from the second quarter of 2025 and 13% from the first quarter of 2026.
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The One Metric Bulls Watch in Palantir Before EarningsRogers said the results showed progress in Truist’s effort to become “a more earnings-efficient and more capital-efficient growth company.” He said the bank is making deliberate decisions about where to grow, where to invest and how to optimize its balance sheet, even if those choices create near-term trade-offs in certain growth metrics.
“While some of these choices may create near-term trade-offs in individual growth metrics, they’re producing the outcomes we intended and are driving stronger profitability and improved financial performance,” Rogers said.
Profitability Improves as Fee Income Rises Chipotle: Too Spicy for Smart Money to Resist After Stock SplitChief Financial Officer Mike Maguire said total revenue increased 2.2% from the first quarter, primarily because of higher non-interest income. Compared with the second quarter of 2025, revenue rose 5.5%, led by investment banking and trading revenue and wealth management income.
Non-interest income increased 5.9% from the first quarter and 17% from the year-earlier quarter. Maguire said investment banking and trading revenue rose 72% from a year earlier, supported by stronger client activity, improved deal economics and momentum across Truist’s capital markets platform. Wealth management income increased 8%, helped by growth in client assets, advisor productivity and financial planning activity.
Non-interest expense increased 2.4% from the first quarter and 2.3% from the year-earlier period. Maguire said the linked-quarter increase primarily reflected higher incentive compensation tied to stronger business performance. The year-over-year expense growth remained below revenue growth, contributing to 320 basis points of positive operating leverage.
Rogers said Truist’s return on tangible common equity improved 310 basis points year-over-year to 15.4%. The company now expects to deliver ROTCE above 14% for 2026.
Loan Portfolio Shifts Toward Relationship-Based Growth Average loans held for investment increased $2.1 billion, or 0.7%, from the first quarter to $329 billion. Maguire said the increase was driven by 1.3% growth in average commercial loans, partially offset by a decline in average consumer loans.
Rogers said commercial and industrial loans were up just under 8% year-over-year, with growth in areas where Truist has been intentional about investment. He also cited growth in home equity lines of credit and certain other consumer areas, including Sheffield and Service Finance.
At the same time, Truist is reducing exposure to less strategic consumer lending categories. Maguire said the company discontinued originations of marine and recreational vehicle loans during the quarter and significantly reduced originations in several other less strategic and less profitable consumer lending units, including prime and non-prime auto.
Those actions are expected to reduce 2026 loan production across the affected portfolios by approximately 40% compared with 2025 production levels. In response to an analyst question, Maguire said that represented about $7 billion to $8 billion of annual production coming out of the business in 2026 versus 2025. He described marine and recreational vehicle loans as a roughly $4 billion portfolio and said indirect auto included about $20 billion in prime auto and another $4 billion to $5 billion in the Regional Acceptance non-prime auto business.
Maguire said some of these portfolios add to net interest income and net interest margin but are “significantly dilutive” to Truist’s long-term ROTCE goals and are less aligned with its client-focused business model.
Net Interest Income Outlook Reduced Taxable-equivalent net interest income rose 0.6% from the first quarter, or $23 million, due mainly to one additional day in the quarter and higher earning assets, partly offset by lower loan spreads. Net interest margin declined 4 basis points from the first quarter to 2.98%.
Truist lowered its full-year net interest income growth outlook to approximately 1% to 1.5%, down from its previous forecast of 2% to 3%. Maguire said the revised outlook reflects several factors:
Optimization of lower-return lending portfolios that reduce near-term NII and margin but improve ROTCE. Reallocation of capital from higher-yielding consumer loans into higher-quality but lower-yielding commercial loans. Broad market-driven compression in loan spreads. A less favorable deposit mix, with clients continuing to move into higher-rate products. Maguire said the deposit mix shift was the largest of the NII headwinds. Truist continues to see healthy deposit production, he said, but more client preference for higher-rate products. Average total deposit costs increased 1 basis point from the first quarter to 1.56%, while average interest-bearing deposit costs increased 1 basis point to 2.10%.
Average deposits increased 1.5% from the first quarter and 1.1% year-over-year. Maguire said Truist expects low-single-digit deposit growth for the year, around 3%, with demand deposit account balances potentially moving from roughly 27% of deposits at the start of the year toward about 25% by year-end.
Consumer, Wholesale and Digital Trends Rogers said consumer behavior remained resilient in the quarter, with stable liquidity, spending and credit trends within the company’s expectations. Average consumer and small business loans were up 2% from the second quarter of 2025, while average non-maturity consumer and small business deposits also increased 2%.
Premier Banking, which serves clients with $100,000 to $1 million in combined deposits and investments and represents more than half of consumer and small business banking deposits, remained a source of strength, Rogers said. The segment posted a 20% year-over-year increase in new deposit production balances, a 23% increase in advisor productivity and a 9% increase in financial planning activity. Referrals from consumer and small business banking to wealth management increased 15% in the first half of 2026 compared with the first half of 2025.
Digital engagement also continued to grow. Rogers said active mobile users increased 4% year-over-year to 5.4 million, while digital transaction volume rose 7% to 93 million transactions. Clients engaged with Truist Assist nearly 2 million times during the quarter, up 60% year-over-year.
In wholesale banking, average deposits increased 6% year-over-year excluding the effect of certain large M&A-related deposits in the second quarter of 2025. Middle market deposits rose 12%, with 9% growth in legacy markets and 27% growth in expansion markets such as Texas, Pennsylvania and Ohio. Average wholesale loans increased 8% from the prior-year quarter.
Credit, Capital and Leadership Transition Asset quality remained stable, according to Maguire. Net charge-offs declined 11 basis points from the first quarter to 50 basis points. The provision for credit losses totaled $395 million, modestly below net charge-offs of $414 million. The allowance for loan losses declined 2 basis points from the prior quarter to 1.51% of total loans.
Non-performing loans held for investment increased 1 basis point from the first quarter to 51 basis points of total loans. Maguire said higher indirect auto problem loans were partially offset by improvement in the commercial portfolio. He attributed the increase in indirect auto non-performing loans primarily to a change in non-accrual criteria in the Regional Acceptance non-prime auto business, not to deterioration in underlying credit trends.
Truist’s CET1 ratio increased 10 basis points from the first quarter to 10.9%. The company repurchased $1.2 billion of common stock during the quarter and continues to target approximately $5 billion of share repurchases in 2026.
For the third quarter, Truist expects revenue to increase 1% from second-quarter revenue of $5.3 billion, net interest income to increase approximately 1.5%, non-interest income to remain relatively stable and non-interest expense to rise about 2% from $3.1 billion in the second quarter.
For full-year 2026, Truist now expects revenue growth of 3.5% to 4%, compared with its previous outlook for 4% growth. The company raised its non-interest income growth outlook to approximately 10%, up from a prior estimate of high single digits. Truist maintained its expectations for GAAP non-interest expense growth of 1.75%, net charge-offs of 55 basis points, an effective tax rate of 14.5% and $5 billion in share buybacks.
The call also marked Rogers’ final earnings call as CEO. Truist announced during the quarter that Mike Lyons will become president and chief executive officer on Sept. 1. Rogers will transition to executive chair until his planned retirement in April 2027. Rogers said Lyons has the board’s mandate to lead Truist as a high-performing company and said the leadership transition comes as the company is building momentum toward improved returns.
About Truist Financial (NYSE:TFC)Truist Financial Corporation is an American bank holding company that provides a broad range of financial services through its primary subsidiary, Truist Bank, and other operating units. The company offers traditional retail banking products and services such as deposit accounts, consumer and residential mortgage lending, and credit and debit card services. Truist also serves commercial clients with middle-market and corporate lending, treasury and payment solutions, and specialty finance products.
Beyond core banking, Truist operates wealth management, asset management, insurance and capital markets businesses.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Truist Financial shares are trending higher. Why are TFC shares climbing? Truist Tops Estimates as Earnings Jump 35% Year-Over-YearThe bank earned $1.23 per diluted share in the second quarter, clearing the analyst consensus of $1.08 by nearly 14% and representing a 35% improvement from the 90 cents per share delivered in the same period last year. Revenue of $5.27 billion edged past the $5.24 billion consensus estimate and came in 4.67% above the year-ago figure.
Fee Income and Loan Growth Drive the OutperformanceTotal noninterest income climbed to $1.64 billion, a 17% jump from the second quarter of 2025, driven by a surge in investment banking and trading revenue which more than doubled year-over-year to $352 million.
Wealth management income grew 7.8% from a year ago to $375 million as assets under management continued to expand. Average loans and leases held for investment grew to $329.2 billion, up $2.1 billion from the prior quarter, fueled primarily by commercial and industrial loan growth. Average deposits expanded $5.9 billion, or 1.5%, from the first quarter reflecting gains in interest checking accounts.
Capital Returns Remain StrongTruist returned $1.8 billion to shareholders during the quarter through a combination of $1.2 billion in common stock repurchases and 52 cents per share in dividends. The common equity tier 1 ratio rose 10 basis points to 10.9% as earnings generation and a reduction in risk-weighted assets more than offset the capital returned. Return on average tangible common equity improved to 15.4% from 13.8% in the first quarter and 12.3% a year earlier.
The bank also announced that Mike Lyons will take over as chief executive in September.
Guidance and OutlookFor the third quarter Truist is guiding for revenue of approximately $5.35 billion, just below the analyst estimate of $5.38 billion. For the full year the bank widened its revenue outlook to a range of $21.22 billion to $21.32 billion, bracketing the prior consensus estimate of $21.28 billion.
TFC Shares Are RisingTFC Price Action: Truist shares were up 0.56% at $53.55 at the time of publication on Friday, according to Benzinga Pro.
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Truist Financial logo appears in this illustration taken December 1, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
July 17 (Reuters) - Truist Financial (TFC.N), opens new tab reported a higher quarterly profit on Friday, as a rebound in capital markets activity helped boost earnings from investment banking, while volatility fueled trading desks.
Across the industry, banks have reaped gains from a revival in dealmaking that has bolstered lucrative advisory fees, while heightened market volatility has fueled client activity across their trading desks.
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Here are some details:
Truist's investment banking and trading income climbed nearly 72% in the three months ended June 30 from a year earlier.
Shares of the bank rose 1.9% in premarket trading.
Banks expect more gains ahead, with executives pointing to healthy pipelines and strong backlogs for the second half, fueling expectations that the investment banking "super cycle" has more room to run.
Meanwhile, global markets remain volatile as the interest rate trajectory remains uncertain, geopolitical tensions linger and AI-driven tech jitters persist — an environment that typically keeps trading desks humming.
"We continued to deepen client relationships, grow in attractive markets, and improve operating efficiency and profitability," Truist CEO Bill Rogers said.
The bank's wealth management income for the second quarter also increased 7.8%.
Truist's quarterly net income available to common shareholders came in at $1.52 billion or $1.23 per share, above last year's $1.18 billion or 90 cents per share.
Reporting by Manya Saini in Bengaluru; Editing by Diti Pujara
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Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) reported its second quarter 2026 results today. Investors can access the live second quarter 2026 earnings call at 8 a.m. ET today by webcast or dial-in as follows:
Webcast: app.webinar.net/oM9yPobVKXd Dial-in: 1-877-883-0383, passcode 0575894 The earnings release, investor presentation, including an appendix reconciling non-GAAP disclosures, and Truist's Second Quarter 2026 Quarterly Performance Summary, which contains detailed financial schedules, are available at Truist's Investor Relations website at https://ir.truist.com/earnings. A replay of the call will be available on the website for 30 days.
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.
Truist Financial reports second-quarter earnings Friday, but investors may be more focused on what the leadership transition to incoming CEO Michael Lyons could mean for the bank’s strategy. (Scott McIntyre/Bloomberg)
Investors will be closely watching Truist Financial earnings on Friday, looking for hints about what direction the incoming CEO plans to take.
Truist Financial Corporation (NYSE:TFC) will release its second quarter earnings report before the opening bell on Friday, July 17.
Analysts expect the Charlotte, North Carolina-based company to report quarterly earnings of $1.08 per share, up from 93 cents per share in the year-ago period. The consensus estimate for Truist Financial’s quarterly revenue is $5.24 billion. It reported $5.04 billion last year, according to Benzinga Pro.
On June 15, Truist Financial named Michael P. Lyons as CEO, effective Sept. 1, succeeding Bill Rogers.
Shares of Truist Financial closed at $51.95 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying TFC stock? Here’s what analysts think:
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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.
Earnings season is back in full swing and one of the sectors taking the spotlight this week is regional banks, with several of the largest names in the space reporting quarterly results on Wednesday, Thursday and Friday.
Here’s a look at some of the names to watch in the regional banks sector.
Regional Banks Take SpotlightAlongside the large number of big banks reporting quarterly financial results this week, many regional banks are doing the same.
Here are seven regional banks that report this week:
"It hasn’t only been a few of the large-cap banks that have shined so far in 2026," Freedom Capital Markets Chief Market Strategist Jay Woods said in a weekly newsletter. "The regionals have had a more consistent and steady rally despite a struggling lending landscape and a housing market that usually aids their growth."
Consistent Earnings BeatsLooking at recent quarterly results shows many of these seven stocks consistently beating analyst estimates for earnings per share and revenue.
Here are the recent results compared to analyst estimates for earnings per share and revenue for the past 10 quarters, as tracked by data from Benzinga Pro:
Five of the seven stocks are up 20% or more year-to-date based on Friday closing prices, with the iShares U.S. Regional Banks ETF (NYSE:IAT) up 14.56% year-to-date.
Of the seven regional bank stocks reporting this week highlighted above, there are two names that Woods is watching the most.
"Two of the above still haven’t reached all-time highs. One of them is Truist and the other we highlight in this week’s Stocks in Focus."
Truist is the worst performing of the seven stocks with a year-to-date gain of only 5%, which could be why Woods is watching the stock.
The other stock being watched by Woods is Fifth Third Bank.
"Fifth Third Bank has quietly become one of the stronger performers in the regional banking space. The bank has built its reputation on a diversified business mix that includes consumer banking, commercial lending, wealth management, payments, and treasury services."
Woods says the biggest catalyst for Fifth Third in recent history is the recently completed $10.9 billion acquisition of Comerica, which has now created the nation’s ninth-largest bank.
Shares are up 22% year-to-date and look to build off their recent success when they report Friday morning."
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Wall Street expects a year-over-year increase in earnings on higher revenues when Truist Financial Corporation (TFC - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 17. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $1.08 per share in its upcoming report, which represents a year-over-year change of +18.7%.
Revenues are expected to be $5.21 billion, up 4.5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Truist Financial?For Truist Financial, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.23%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Truist Financial will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Truist Financial would post earnings of $0.99 per share when it actually produced earnings of $1.09, delivering a surprise of +10.10%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Truist Financial appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAnother stock from the Zacks Banks - Major Regional industry, State Street Corporation (STT - Free Report) , is soon expected to post earnings of $3.3 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +30.4%. Revenues for the quarter are expected to be $3.85 billion, up 11.5% from the year-ago quarter.
The consensus EPS estimate for State Street has been revised 4% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +0.35%.
When combined with a Zacks Rank of #2 (Buy), this Earnings ESP indicates that State Street will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Truist Financial Corporation (TFC - Free Report) , which belongs to the Zacks Banks - Major Regional industry, could be a great candidate to consider.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 6.43%.
For the last reported quarter, Truist Financial came out with earnings of $1.09 per share versus the Zacks Consensus Estimate of $0.99 per share, representing a surprise of 10.10%. For the previous quarter, the company was expected to post earnings of $1.09 per share and it actually produced earnings of $1.12 per share, delivering a surprise of 2.75%.
Price and EPS Surprise
With this earnings history in mind, recent estimates have been moving higher for Truist Financial. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Truist Financial has an Earnings ESP of +0.23% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on July 17, 2026.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Truist Financial Corporation receives a Sell rating due to underwhelming total return despite offering the highest current yield among peers. All three TFC $25 par preferreds—Series I, O, and R—are non-cumulative, BBB- rated, past call, and offer yields between 6.2% and 6.5%. Preferred dividend coverage is robust at 16.6x net income, and common equity coverage of preferred par is a strong 12x.
Expanding access to coaching, business systems, capital readiness, and AI-powered business support for Philadelphia entrepreneurs June 25, 2026 18:33 ET | Source: Lancaster Avenue 21st Century Business Association
Philadelphia, PA, June 25, 2026 (GLOBE NEWSWIRE) -- Lancaster Avenue 21st Century Business Association Community Development Corporation (LA21-CDC) is proud to announce grant support from Truist Foundation to expand its Small Business Sustainability Initiative, a comprehensive program designed to help entrepreneurs strengthen their businesses, improve financial readiness, adopt emerging technologies, and build long-term sustainability in today's evolving economy.
The initiative provides small business owners with a structured pathway for growth by combining strategic planning, technical assistance, coaching, accountability, capital readiness support, and practical applications of artificial intelligence. Through this approach, entrepreneurs gain the tools and guidance needed to strengthen operations, improve decision-making, increase visibility, and position their businesses for sustainable growth.
“At Truist, our purpose is to inspire and build better lives and communities, and that comes to life through partnerships with nonprofits like Lancaster Avenue 21st Century Business Association Community Development Corporation,” said Truist Pennsylvania and New Jersey Regional President Lindsey Stampone. “We’re proud to support this work to help small businesses build capacity, embrace new tools, and create lasting opportunities for entrepreneurs and the communities they serve.”
The Small Business Sustainability Initiative builds upon LA21-CDC's ongoing efforts to support entrepreneurs throughout Philadelphia with practical resources that move beyond traditional training and focus on implementation, measurable outcomes, and long-term business resilience.
"Small business owners are navigating an economy that is changing faster than ever before. Success today requires more than hard work, it requires access to the right systems, strategies, and tools. This initiative allows us to combine proven business development methodologies with practical applications of artificial intelligence to help entrepreneurs improve productivity, strengthen decision-making, streamline operations, and build businesses that are prepared for future growth," said President & CEO, LA21-CDC Kwaku Boateng.
Participating businesses will receive support in areas including business planning, operational systems, customer engagement, digital presence, financial management, marketing, and capital readiness. The program is designed to help entrepreneurs build stronger foundations while creating opportunities for increased revenue, business growth, and job creation within their communities.
About Lancaster Avenue 21st Century Business Association Community Development Corporation
Lancaster Avenue 21st Century Business Association Community Development Corporation (LA21-CDC) is dedicated to strengthening entrepreneurs, supporting small business growth, and advancing economic development throughout Philadelphia. Through corridor management, business training, technical assistance, coaching, capital readiness programming, and strategic partnerships, LA21-CDC helps entrepreneurs launch, grow, and sustain successful businesses that contribute to vibrant communities and local economic opportunity. Learn more at La21philly.org.
About Truist Foundation
Truist Foundation is committed to Truist Financial Corporation's (NYSE: TFC) purpose to inspire and build better lives and communities. The Foundation, an endowed private foundation established in 2020 whose operating budget is independent of Truist Financial Corporation, makes strategic investments in a wide variety of nonprofit organizations centered around two focus areas: building career pathways to economic mobility and strengthening small businesses to ensure all communities have an opportunity to thrive. Embodying these focus areas are the Foundation's leading initiatives – the Inspire Awards and Where It Starts. Learn more at Truistfoundation.org.
Press Inquiries
Zakia Ringgold
zringgold [at] la21philly.org
267-640-7746
https://la21philly.org
3500 Lancaster Avenue
Philadelphia PA 19104
, /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced the release of the results of its annual company-run stress test, conducted in accordance with Dodd-Frank Act regulations issued by the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation. The results are available online at ir.truist.com/regulatory-disclosures.
"Truist's 2026 annual stress test results reaffirm the benefits of our diverse business mix and our disciplined risk management culture," said Truist Chairman and Chief Executive Officer Bill Rogers. "Our strong capital position enables us to effectively serve our clients and stakeholders, generate sustainable shareholder returns, and continue delivering on our purpose to inspire and build better lives and communities."
In accordance with the Federal Reserve's Feb. 4, 2026 announcement to maintain existing stress capital buffer requirements, Truist's current stress capital buffer requirement of 2.5 percent will remain in effect until Sept. 30, 2027.
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 $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Learn more at Truist.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as "believe," "expect," "anticipate," "intend," "pursue," "seek," "continue," "estimate," "project," "outlook," "forecast," "potential," "target," "objective," "trend," "plan," "goal," "initiative," "priorities," or other words of comparable meaning or future-tense or conditional verbs such as "may," "will," "should," "would," or "could." Forward-looking statements convey Truist's expectations, intentions, or forecasts about future events, circumstances, or results. All forward-looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond Truist's control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, and results may differ materially from those set forth in any forward-looking statement. While no list of assumptions, risks, and uncertainties could be complete, some of the factors that may cause actual results or other future events or circumstances to differ from those in Truist's forward-looking statements include the risks and uncertainties more fully discussed in Part I, Item 1A (Risk Factors) in Truist's most recently filed Annual Report on Form 10-K and in Truist's subsequent filings with the Securities and Exchange Commission. Any forward-looking statement made by Truist or on its behalf speaks only as of the date that it was made. Truist does not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that Truist may make in any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, or Current Report on Form 8-K.
Truist Financial Corporation (TFC - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Truist Financial basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Truist Financial imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for Truist FinancialThis company is expected to earn $4.50 per share for the fiscal year ending December 2026, which represents no year-over-year change.
Analysts have been steadily raising their estimates for Truist Financial. Over the past three months, the Zacks Consensus Estimate for the company has increased 1%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Truist Financial to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
, /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report second quarter 2026 financial results before the market opens on Friday, July 17, 2026. Chairman and Chief Executive Officer Bill Rogers and Chief Financial Officer Mike Maguire will host a conference call to review the company's financial results at 8 a.m. ET.
Investors can access the live earnings call by webcast or dial-in as follows:
Live webcast for listeners:
https://app.webinar.net/oM9yPobVKXd
Dial-in for analysts:
1-877-883-0383, passcode 0575894
Additional details:
The news release and presentation materials will be available at ir.truist.com under "Events & Presentations." A replay of the call will be available on the website for 30 days.
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 $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.
Investors looking for stocks in the Banks - Major Regional sector might want to consider either Truist Financial Corporation (TFC - Free Report) or Fifth Third Bancorp (FITB - Free Report) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
Currently, Truist Financial Corporation has a Zacks Rank of #2 (Buy), while Fifth Third Bancorp has a Zacks Rank of #3 (Hold). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that TFC has an improving earnings outlook. But this is only part of the picture for value investors.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
TFC currently has a forward P/E ratio of 10.73, while FITB has a forward P/E of 12.86. We also note that TFC has a PEG ratio of 0.83. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. FITB currently has a PEG ratio of 1.05.
Another notable valuation metric for TFC is its P/B ratio of 1.02. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, FITB has a P/B of 1.5.
These are just a few of the metrics contributing to TFC's Value grade of B and FITB's Value grade of C.
TFC is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that TFC is likely the superior value option right now.
Burry Has A Surprising Message For Fiserv Investors After 11% Selloff Summary
Burry highlighted Fiserv's leadership transition, Clover business strength, and customer base as reasons investors may want to look beyond the selloff
Fiserv FISV fell about 11% in late Monday trading after Michael Burry (Trades, Portfolio) said the stock deserved a fresh look following the abrupt departure of Chief Executive Mike Lyons, who is leaving after 13 months to become Truist Financial's (TFC) CEO.
Burry said the leadership change does not automatically mean investors should sell. Instead, he argued it may be a sign to reassess the investment case, especially after a stretch in which Fiserv has struggled under Lyons, Fiserv.
In the post, Burry said part of the weakness may reflect legacy accounting and sales practices that had to be unwound. He also pointed to heavy trading volume in recent months, which he said could indicate the stock is approaching a turning point, Fiserv.
Burry highlighted several positives, including new CEO Takis Georgakopoulos, who previously led the company's fast-growing Clover business. He also cited Fiserv's No. 1 ranking in the 2025 IDC FinTech 100 for a third straight year and its base of 3.9 million small businesses, 900,000 Clover merchants and 7,000 enterprise clients across 1 million locations.
On June 15, 2026, Truist Financial Corp TFC shares fell 6.2% to a current price of $48.48. This decline comes within a 52-week range of $38.84 to $56.20, reflecting the volatility and fluctuations inherent in the banking sector.
GF Value™ verdict: The current price of $48.48 is approximately 0.6% below the GF Value™ of $48.76, indicating the stock is slightly undervalued.GF Score™: With a score of 61/100, TFC is categorized as above average, suggesting potential for long-term returns.Most notable signal: There have been no insider transactions in the last three months, indicating a lack of recent insider activity. Is TFC Overvalued or Undervalued? Truist Financial Corp TFC currently trades at a price of $48.48, which is slightly below its GF Value™ estimate of $48.76. This indicates that the stock is 0.6% undervalued, presenting a modest opportunity for value-seeking investors. However, the margin of safety is minimal, and investors should approach with caution, considering market conditions and overall economic factors. The GF Valuation label suggests that the stock is fairly valued, implying that while there may be some upside, the potential for substantial gains might be limited in the short term.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. The slight undervaluation could be an attractive point for long-term holders, but the small margin might not provide sufficient buffer against market volatility.
How Does TFC's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 12.0x 11.7x (5-Year Median) Forward P/E 10.6x N/A Currently, TFC's P/E (TTM) stands at 12.0x, which is approximately 3% higher than its 5-year median P/E of 11.7x. Additionally, the forward P/E of 10.6x suggests that analysts expect earnings growth ahead. This P/E analysis indicates that TFC is trading slightly above its historical valuation, aligning with the GF Value™ conclusion of fair valuation, suggesting a cautious outlook for potential investors.
What Does TFC's GF Score™ Tell Us? Metric Rating GF Score™ 61 Financial Strength 2/10 Profitability 4/10 Growth 3/10 Valuation 7/10 Momentum 8/10 The GF Score™ of 61/100 indicates that Truist Financial Corp is above average compared to its peers. However, the company shows weaknesses in Financial Strength (2/10) and Growth (3/10), which may raise concerns about its long-term stability and ability to expand. Conversely, TFC scores well in Valuation (7/10) and Momentum (8/10), suggesting favorable conditions for investors who prioritize value and recent performance trends. These scores highlight a mixed picture, where while the valuation appears attractive, underlying financial strength may require further scrutiny.
What Are Insiders Doing with TFC Stock? In the last three months, there have been no insider transactions reported for Truist Financial Corp. This lack of insider activity may suggest that executives and insiders are not currently taking significant positions in the stock, which could indicate a cautious stance or a wait-and-see approach regarding market conditions. Generally, insider buying can signal confidence in the company's future, while a lack of activity might reflect uncertainty.
What This Means for Investors Based on the GF Value™ assessment, Truist Financial Corp TFC is currently fairly valued, with a slight margin of undervaluation. While the price is close to intrinsic value, potential investors should weigh the company's financial strength and growth prospects against the backdrop of market volatility before making commitments.
For the complete analysis, visit the Truist Financial Corp TFC stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is TFC's GF Score™?
TFC's GF Score™ is 61/100, indicating that the stock is above average compared to its peers, suggesting potential for long-term returns.
Is TFC overvalued or undervalued?
TFC is currently slightly undervalued with a GF Value™ of $48.76 compared to its trading price of $48.48.
What is TFC's P/E ratio?
TFC's P/E (TTM) is 12.0x, which is 3% above its 5-year median P/E of 11.7x, indicating that the stock is trading slightly above its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Bill Rogers to assume executive chair role as part of planned leadership succession until April 2027 retirement
, /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced Michael P. Lyons as its next president and chief executive officer, effective Sept. 1, 2026. Lyons is a dynamic leader with over three decades of financial services experience and a proven track record of driving growth and competitive innovation in the banking industry.
Lyons succeeds Bill Rogers, who will become executive chair on Lyons' start date as part of Truist's leadership succession strategy. Rogers will serve in that role until his planned retirement in April 2027.
Lyons brings more than 30 years of industry leadership, which spans all sectors of financial services, to Truist. Most recently, he was CEO of Fiserv, Inc., a leading global financial technology and payments company that serves more than six million merchants and 10,000 financial institutions with core and digital banking solutions, card processing, merchant acquisition and point-of-sale systems.
Previously, Lyons was president of The PNC Financial Services Group, where he led all of PNC's lines of business. During more than 13 years at PNC, he played an instrumental role in shaping PNC's strategy, driving its financial performance, advancing its payments offerings and enabling successful national growth. Lyons also helped lead more than $15 billion of strategic acquisitions at PNC and expansion of the bank's geographic footprint.
Earlier in his career, he was the global head of corporate development, strategic planning, investor relations and private equity at Bank of America.
"Through our succession planning process, it became clear that Mike is an action-oriented leader committed to high performance across the full range of our company operations and the right person to lead Truist's next chapter of growth," said Truist Lead Independent Director Thomas E. Skains. "We are incredibly grateful for Bill's purpose-driven leadership as Truist's chief executive officer, and we look forward to his impactful contributions as executive chair."
"Truist is an exceptional bank with a strong foundation, incredible teammates and an extraordinary culture," said Lyons. "I couldn't be more excited to join the bank as CEO to apply my leadership experience and vision to drive the next phase of Truist's growth, cementing its position as a bank of choice for clients and creating value in the communities we serve. I also want to express my gratitude to Bill for the company and culture he has built."
"Mike will move Truist forward with purpose and care, and a sense of urgency to realize our potential," said Rogers. "It has been the professional privilege of my lifetime to lead Truist and to work alongside truly extraordinary teammates. We are proud and ready for this important next chapter in our story."
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 $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.
, /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 June 1, 2026, to shareholders of record at the close of business on May 8, 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)
$1,128.80950(1)
$0.28220(1)
May 8
Jun. 15
Series J Non-Cumulative
Perpetual Preferred Stock
(CUSIP 86800XAA6)
$1,157.87894(1)
$11.57879(1)
May 8 (2)
Jun. 15
Series M Non-Cumulative
Perpetual Preferred Stock
(CUSIP 89832QAC3)
$2,562.50
$25.625
May 8
Jun. 15(3)
Series O Non-Cumulative
Perpetual Preferred Stock
(CUSIP 89832Q745)
$328.125
$0.328125
May 8
Jun. 1
Series R Non-Cumulative
Perpetual Preferred Stock
(CUSIP 89832Q695)
$296.875
$0.296875
May 8
Jun. 1
Notes:
(1)
In the table, dividends per share and dividends per depositary share for Series I and Series J 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 May 31, 2026.
(3)
Dividends per share and dividends per depositary share for Series M are declared and paid semiannually.
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 $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.
Pre-Market Stock Futures: Futures are trading mixed as we get ready to finish off another wild week. What a difference a day makes: after a flat-to-down Wednesday, all the major indices exploded higher on Thursday and closed solidly in the green. Big earnings for members of the Magnificent 7, oil prices falling somewhat, and while the first GDP estimates for the quarter came in lower than expected, and inflation came in higher than expected, an employment report showed that unemployment claims dropped to 189,000, the lowest print for that key economic indicator since 1969. The Russell 2000, which is still the top index for 2026, finished Thursday at 2,799, up 2.2%, while the S&P 500 closed above the 7200 level for the first time at 7,209, up 1.02%, the best month for the index since 2020. The Nasdaq, home for many of the Mag 7, finished the Thursday session at 24,892, up 0.89%, while the venerable Dow Jones Industrial Average came in strong and was last seen at 49,652, up 1.62%.
Treasury Bonds: For the first time in what seems like forever, yields were lower across the entire Treasury curve, as investors were lured by higher yields that jumped this week. Analysts noted the divided Federal Reserve, which had more Governors dissenting on the decision not to cut rates since 1992, the spike in rates over the last week, and the fact that traders have largely abandoned expectations for rate cuts in 2026, with some beginning to price in the possibility of rate increases in early 2027; so many were ready to grab sovereign U.S. debt at the current tempting yields. The 30-year long bond finished the session at 4.97%, while the benchmark 10-year note closed Thursday at 4.37%.
Oil and Gas: Oil had another roller-coaster day, with the major indices split by the final bell. While the President expressed his desire to see stronger U.S. production, output, and deliveries, the reality is that current production can’t be ramped up overnight, and most oil companies don’t want to increase capex and spending when they know current pricing levels likely won’t hold. Brent Crude finished the day higher, up 0.93% at $111.50, while West Texas Intermediate closed down 1.01% at $105.80. Natural gas was the big winner Thursday, closing up 4.28% at $2.76, and analysts cited the natural gas trade as a “relief rally” spurred by short-covering, allowing prices to bounce from multi-month lows despite a fundamentally bearish backdrop of high storage levels.
Gold: After a tough week, Gold also had a big turnaround on Thursday as the buyers returned in a big way. Traders pointed to a weakened U.S. dollar, lower-than-expected weekly jobless claims, and increased safe-haven demand due to ongoing Middle East tensions. Spot gold traded higher, rebounding from a one-month low, as traders monitored potential U.S. military action against Iran, which kept inflationary fears alive, and the very low possibility of rate cuts in 2026. Gold closed the session at $4,621, up 1.73%, while Silver was last seen at $73.63, up 3.41%.
Crypto: The cryptocurrency market experienced a mix of consolidation and light volatility on Thursday, with Bitcoin trading in a tight range and some assets showing gains or losses amid the ever-changing daily sentiment. The cryptocurrency market as a whole, after the big price drop last fall, has been consolidating and trying to put in a decisive floor so prices can move higher, but the floor is not fully set yet. At 8 AM EDT, Bitcoin was trading at $77,390 while Ethereum was quoted at $2,285.
24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock.
Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Friday, May 1, 2026.
Upgrades: Air Products & Chemicals (NYSE: APD | APD Price Prediction) was upgraded to Outperform from Market Perform at BMO Capital, which raised the target price for the shares to $360 from $325. Caterpillar (NYSE: CAT) was raised to Equal Weight from Underweight at Morgan Stanley, which catapulted the target price to $915 from $430. Hershey Company (NYSE: HSY) was upgraded to Buy from Hold at TD Cowen, which has a $210 target price for the stock. Paramount Skydance (NASDAQ: PSKY) was upgraded to Overweight from Underweight at Morgan Stanley, which bumped the target price to $14 from $11. Roblox (NYSE: RBLX) was raised to Hold from Sell at TD Cowen, which trimmed the target price for the shares to $49 from $54. Downgrades: Alaska Air Group (NYSE: ALK) caught a double downgrade to Sell from Buy at Citigroup, with a $32 target price. Avis Budget Group (NYSE: CAR) was downgraded to Hold from Buy at Jefferies, which boosted the target price for the shares to $160 from $112. This was the latest meme stock poster boy in April. e.l.f. Beauty (NYSE: ELF) was downgraded to Equal Weight from Overweight at Morgan Stanley, with the target price cut to $67 from $80. MGM Resorts International (NYSE: MGM) was cut to Hold from Buy at Jefferies, which trimmed the target price for the stock to $44 from $60. Truist Financial (NYSE: TFC) was downgraded to Neutral from Outperform at Baird, with a $55 target price for the shares. Initiations: AMC Global Media (NYSE: AMCX) was assumed in coverage with an Underweight rating at Morgan Stanley, which bumped the target price for the former meme stock leader to $7 from $6. Celestica (NYSE: CLS) was initiated with a Buy rating at Rothschild Redburn & Co., which has set a $460 target price objective. Ciena (NYSE: CIEN) was started with a Neutral rating at Rothschild Redburn & Co., which has a $416 target price for the shares. Commvault Systems (NASDAQ: CVLT) was initiated with a Peer Perform rating at Wolfe Research, which sees fair value for the company in a range of $80 to $120. Dutch Bros. (NYSE: BROS) was initiated with an Outperform rating at Oppenheimer, with a $72 target price for the stock.
, /PRNewswire/ -- Truist Bank (NYSE: TFC) today announced it will redeem all $1,250,000,000 principal amount outstanding of its fixed-to-floating rate senior notes due May 20, 2027, (CUSIP 89788JAE9) on the redemption date of May 20, 2026.
The redemption price for the senior notes will be equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date. Interest on the senior notes will cease to accrue on and after the redemption date.
Payment of the redemption price for the senior notes will be made through the facilities of The Depository Trust Company.
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 $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chairman and Chief Executive Officer Bill Rogers will speak at the Bernstein Annual Strategic Decisions Conference on Thursday, May 28, 2026, at 11 am ET.
A live audio webcast will be available on the day of the conference at ir.truist.com under Events & Presentations. A replay of the webcast will be available on the website for 30 days.
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 $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.
Key Takeaways JPMorgan's scale and diversification give it the edge over Truist in an uncertain banking environment.As of March 31, 2026, JPMorgan had $4.9T assets, $2.7T deposits and $1.5T loans.Truist is chasing a recovery via efficiency, branch optimization and expansion into higher-growth markets. JPMorgan (JPM - Free Report) and Truist Financial (TFC - Free Report) offer two very different banking stories. JPMorgan is the largest U.S. bank, with unmatched scale, global reach and broad business diversification. Truist, meanwhile, is one of the major regional banking players in the United States, with a strong presence in attractive markets across the Southeast and Mid-Atlantic.
Now, the question arises whether JPM’s size and stability make it the better choice, or TFC’s regional strength and potential recovery story offer more upside.
Scale Advantage: JPMorgan’s Clear Lead Over TruistJPMorgan’s scale is its biggest advantage, providing a large deposit base, strong brand, major technology spending power and leading positions across consumer and institutional banking. Its investments in digital platforms, risk management, data analytics and innovation strengthen its edge, while its global reach and diversified operations help offset weakness in any single business line.
Truist, by contrast, has a more concentrated business model. Its regional focus can be a strength as it allows the bank to deepen relationships in core markets. However, it also means Truist is more exposed to regional economic trends, deposit competition and localized credit pressures. Compared with JPMorgan, it has less diversification and a smaller margin for error.
JPM vs. TFC: Stability and Balance Sheet StrengthJPMorgan stands out for its financial resilience. The bank has a long record of navigating difficult market environments, helped by strong risk management, a deep deposit base and consistent profitability. Its capital strength and liquidity position give it the flexibility to absorb credit losses, meet regulatory requirements and continue investing in growth. As of March 31, 2026, it had total assets of $4.9 trillion, with $1.5 trillion in loans and $2.7 trillion in deposits.
Truist has been working to strengthen its balance sheet and improve profitability. Like many regional banks, it faced pressure from higher deposit costs, cautious loan growth and investor concerns about commercial real estate and credit quality. Management’s ability to control costs, protect capital and stabilize margins will be central to the bank’s investment case. As of March 31, 2026, Truist’s total assets were $549 billion, loans and leases were $329.2 billion, and deposits were $404.1 billion.
While Truist remains a significant banking franchise, it does not offer the same level of perceived safety as JPMorgan. Its path forward depends more heavily on execution and improving operating trends.
JPMorgan & Truist’s Growth ProspectsJPMorgan has several long-term growth drivers. These include expansion in wealth management, market-share gains in commercial banking, continued strength in credit cards and payments, digital banking investments and a potential rebound in investment banking activity. The bank’s ability to attract clients across consumer, corporate and institutional segments supports steady growth over time.
Another advantage is that JPMorgan can use periods of industry disruption to gain share. When smaller banks face pressure, large banks with strong balance sheets often benefit from customer inflows and stronger competitive positioning. This gets reflected in its earnings power. The Zacks Consensus Estimate for JPMorgan's 2026 earnings suggests a 10.2% rise on a year-over-year basis, while 2027 earnings are expected to grow at a rate of 5.1%.
JPM’s Earnings Estimates
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Truist’s growth story is more tied to recovery and self-help. The bank is focused on improving efficiency, optimizing its branch network, strengthening digital capabilities and expanding in its core markets. Last August, the company announced plans to expand into higher-growth markets and is focused on adding talent, building pipelines and strengthening digital capabilities. If these are successfully executed, Truist will be able to deliver better profitability.
Though Truist’s growth outlook is dependent on expense discipline, deposit stability, loan demand and a healthier rate environment, analysts seem to be bullish on prospects. The Zacks Consensus Estimate for TFC's 2026 earnings suggests a 14.4% increase on a year-over-year basis, while 2027 earnings are expected to rise 13.3%.
TFC’s Earnings Estimates
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JPM or TFC: Dividend and Shareholder ReturnsBoth JPMorgan and Truist appeal to income-focused investors, but the quality of the dividend story differs.
JPMorgan’s dividend is backed by broad earnings power, capital flexibility and a strong franchise. The bank has the capacity to return capital to shareholders while still investing in growth and meeting regulatory demands. Over the past five years, the company has raised dividends six times, with an annualized growth rate of 10.81%. It has a share repurchase program worth $50 billion in place. As of March 31, 2026, almost $25.7 billion remained available.
Truist offers an attractive dividend yield, but hasn’t raised its dividends for several years now. The company pays 52 cents per share as a quarterly dividend. In 2025, it authorized a new $10 billion share repurchase program with no expiration. As of March 31, 2026, $8.9 billion worth of authorization remained available. Management is targeting about $5 billion of share repurchases in 2026.
Dividend Yield
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Truist offers a higher dividend yield compared with JPMorgan, but investors will likely focus on dividend sustainability, capital priorities and the pace of earnings growth. Though a higher yield can be appealing to income investors, it should not be the sole focus before investing.
Key Risks for JPMorgan & TruistFor JPMorgan, the main risks include tougher regulation, higher capital requirements, economic weakness, rising credit losses and cyclicality in investment banking and markets-related revenue. Its size also attracts regulatory and political scrutiny.
For Truist, the key risks are more execution-oriented. These include regional banking pressure, deposit cost challenges, commercial real estate exposure, weak loan growth and slower-than-expected profitability improvement. If management fails to deliver on efficiency and capital goals, the stock could remain under pressure.
Valuation Analysis: JPMorgan Trades at a Premium vs. TruistIn terms of valuation, JPM is currently trading at a 12-month forward price-to-earnings (P/E) of 13.15X, while the TFC stock is currently trading at a 12-month forward P/E of 9.81X.
P/E F12M
Image Source: Zacks Investment Research
JPMorgan commands a premium valuation because of its scale, consistency and best-in-class reputation. Investors are usually willing to pay more for a bank that offers stronger earnings visibility and lower relative risk. On the other hand, Truist may look cheaper on valuation, but that discount reflects the challenges it faces. The stock could offer upside if management improves efficiency, stabilizes margins and restores stronger earnings momentum.
JPMorgan or Truist: Which Bank Stock Has the Edge?In the past three months, shares of JPMorgan have lost 0.7%, while Truist declined 10.3%.
JPM & TFC Price Performance
Image Source: Zacks Investment Research
In terms of investor sentiment, JPMorgan has the clear edge. Its scale, diversified revenues, earnings resilience and strong risk management make it better positioned in an uncertain banking environment.
Truist offers appeal through its regional presence, valuation discount and expansion efforts, but it carries higher execution risk. While Truist may suit investors seeking recovery-driven upside, JPMorgan’s stability, consistency and growth potential make it the stronger choice.
At present, JPM and TFC carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Treasury yields are climbing as traders position for the Kevin Warsh appointment to the Federal Reserve, with markets pricing in a more growth-friendly path that could steepen the yield curve and reprice fixed-rate bank assets at higher levels. The 10Y-2Y spread sat at 0.47% on May 14, 2026, with the 2-year yield rising 0.12% over two weeks versus just 0.01% on the 3-month, a textbook steepening that historically widens net interest margins for lenders. Bank stocks trading under $55 are a logical place to scan for upside before that re-rating plays out.
With that backdrop in mind, here are three bank stocks trading under $55 that analysts and recent earnings suggest are positioned to benefit if the Warsh trade keeps pressuring Treasury yields higher.
Truist Financial (NYSE: TFC) Truist Financial (NYSE:TFC | TFC Price Prediction) is a Charlotte-based top-10 U.S. commercial bank covering consumer, commercial, wealth, and investment banking. Shares recently closed above $47, well under the $55 ceiling and giving retail investors a sub-$50 entry into a $549 billion-asset franchise.
Q1 2026 was a clean beat. Truist reported EPS of $1.09 versus a $1.0002 estimate, a 25% YoY EPS jump, and 250 basis points of positive operating leverage. Investment banking and trading revenue surged 36.3% YoY to $372 million, and management raised the buyback authorization to $5 billion from $4 billion. CEO Bill Rogers said the company is “establishing a long-term ROTCE target of 16% to 18%”.
The bull case rests on fixed-rate asset repricing into a steeper curve, plus accelerating capital return. The risk: nonperforming loans ticked up to 0.50% from 0.48% sequentially, and shares are down 2.24% YTD despite the earnings beat. For investors researching regional bank exposure, TFC offers a credible setup at a discount to recent levels.
Bank of Chile (NYSE: BCH) Bank of Chile (NYSE:BCH) is the largest Chilean bank by most measures, running retail, wholesale, wealth, and payments operations including Banchile Pagos. The ADR traded at $36.40 on May 14, 2026, comfortably under the ceiling and offering geographic diversification away from the U.S. rate cycle.
Q1 2026 was mixed. EPS estimates sat at $0.6296, and reported results missed at $0.57 on inflation-linked income compression. But management raised FY2026 ROAC guidance to 21.5%-22.5% from 19-21%, with an industry-best cost-to-income ratio of 38.4% versus an industry average of 46.1%. Higher expected Chilean inflation (~4.3%) is becoming a tailwind for inflation-indexed assets.
The bull case combines the upgraded ROAC, an 84.7% dividend payout ratio, and a dominant local franchise. The risk: Chilean GDP forecasts were trimmed to 2.1%, and proposed corporate tax changes could pressure earnings. Shares are up 21.92% over the past year, suggesting the upgrade cycle is already drawing attention.
Bank of America (NYSE: BAC) Bank of America (NYSE:BAC) is the diversified mega-cap with consumer banking, Merrill wealth, global banking, and global markets under one roof. Even at scale, shares trade at $49.85 as of May 14, 2026, slipping under the $55 ceiling after an 8.84% YTD decline.
The Q1 2026 numbers were broad-based. Revenue rose 7% YoY to $30.272 billion, net income climbed 17% to $8.584 billion, and EPS hit $1.11. NII grew 9% to $15.74 billion, equities trading rose 30%, and investment banking fees climbed 21%. CEO Brian Moynihan noted “healthy client activity, including solid consumer spending and stable asset quality, indicating a resilient American economy.” The bank returned $9.30 billion to shareholders, including $7.2 billion in buybacks.
The bull case is a diversified franchise compounding on multiple fronts with the Warsh-driven curve steepening as kicker. The risk is symmetric: a 100 basis point parallel decline in rates would shave roughly $2.0 billion off NII over 12 months, so a dovish surprise cuts both ways.
The Warsh narrative and recent Treasury yield action are tailwinds for bank net interest margins, but they are not guarantees, and each of these names carries idiosyncratic credit, macro, and rate-sensitivity risk. Investors should pair this framework with their own research before acting.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chief Financial Officer Mike Maguire will speak at the Morgan Stanley U.S. Financials Conference on Tuesday, June 9, 2026, at 11:15 a.m. ET.
A live audio webcast will be available on the day of the conference at ir.truist.com under Events & Presentations. A replay of the webcast will be available on the website for 30 days.
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 $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.
, /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $1,500,000,000 principal amount outstanding of its fixed-to-floating rate senior notes due June 8, 2027, (CUSIP 89788MAN2) on the redemption date of June 8, 2026.
The redemption price for the senior notes will be equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date. Interest on the senior notes will cease to accrue on and after the redemption date.
Payment of the redemption price for the senior notes will be made through the facilities of The Depository Trust Company.
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 $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.
Key Takeaways TFC offers a 4.31% dividend yield, backed by expected NII growth, NIM expansion and strong liquidity.COLB yields 4.99% and expects higher NIM as deposit balances rebound and integration synergies build.NWFL yields 4.23%, supported by its PB Bankshares acquisition, healthy liquidity and earnings growth plans. As investors navigate an evolving economic environment characterized by persistent inflation, geopolitical uncertainty and concerns related to economic growth, dividend-paying bank stocks continue to offer an appealing source of reliable income. Banks with strong balance sheets, diversified revenue streams and disciplined capital allocation remain well-positioned to withstand economic uncertainty.
Against this backdrop, several banking stocks stand out for their ability to generate attractive dividend income while maintaining the potential for long-term value creation. Among them, Truist Financial (TFC - Free Report) , Columbia Banking System (COLB - Free Report) and Norwood Financial Corp. (NWFL - Free Report) merit investors’ attention.
To choose these banks, we ran the Zacks Stocks Screener to identify stocks with a dividend yield of more than 4%. These three banks currently have a Zacks Rank #3 (Hold) each. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The above-mentioned three bank stocks have gained more than 15% in the past year.
Price Performance
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3 Bank Stocks to Watch -- TFC, COLB & NWFLTruist Financial, headquartered in Charlotte, NC, is one of the largest commercial banks in the United States.
Truist Financial continues to generate stable earnings, supported by improving favorable interest rate conditions. Management anticipates NII to rise in the upcoming period, driven by higher client deposits and lower deposit costs, with NIM expected to expand as well.
Alongside core banking strength, Truist Financial is actively refining its business mix to support long-term growth. The company continues to invest in digital capabilities and high-growth markets, while divesting non-core businesses to sharpen its strategic focus. These actions are expected to enhance operating efficiency and foster sustainable revenue growth over time.
TFC maintains a diversified balance sheet and ample on-balance-sheet liquidity. As of March 31, 2026, the company had total debt of $69.1 billion (with 40% being short-term in nature) and cash and due from banks, and interest-bearing deposits with banks of $36.2 billion.
The company pays out regular dividends. Over the past five years, it has increased its dividend twice and has a 50% payout ratio. It has a dividend yield of 4.31%. Check Truist Financial’s dividend history here.
Truist Financial Corporation Dividend Yield (TTM)
Columbia Banking, headquartered in Tacoma, WA, provides commercial and consumer banking, treasury management, mortgage, wealth and trust services, and equipment finance through FinPac.
The company’s granular deposit base and relationship banking focus support resilient NII and balanced fee income growth. Columbia Banking is also scaling its Western footprint through strategic acquisition. In sync with this, in August 2025, COLB acquired Pacific Premier. The merger gives Columbia Banking roughly $70 billion in assets, about $50 billion in loans and $56 billion in deposits. With this buyout, the company gains greater scale and diversification across the Western United States, potentially improving competitive positioning, expanding its product offering and enhancing operating efficiencies.
COLB management remains focused on protecting core relationship deposits while continuing to wind down non-core, higher-cost sources. Management expects NIM to trend higher each quarter throughout 2026 as customer deposit balances rebound and balance sheet optimization actions continue to improve profitability. Strong capital generation and excess capital versus targets create tangible capacity to deploy capital opportunistically, supporting per-share value growth for Columbia Banking as integration synergies and earnings accretion continue to materialize.
As of March 31, 2026, COLB had cash and cash equivalents of $2.1 billion, while there was no short-term debt. The company has a dividend yield of 4.99%. Over the past five years, it has increased its dividend three times and has a 47% payout ratio. Check COLB’s dividend history here.
Norwood Financial, headquartered in Honesdale, PA, is the holding company for Wayne Bank, which provides a broad range of personal and business banking services, trust and investment products, and real estate settlement services. The bank operates across Northeastern Pennsylvania and parts of New York through a growing branch network.
NWFL’s growth initiatives support its long-term outlook. In January 2026, it completed the acquisition of PB Bankshares, including its subsidiary Presence Bank. The acquisition enhanced scale, deepened Norwood Financial’s footprint across Pennsylvania and created opportunities for sustainable earnings growth as integration progresses. Higher asset yields and favorable interest rate conditions will aid NII and margin growth in the coming period.
The company also maintains a healthy liquidity position, which supports its capital distribution plan. As of March 31, 2026, the company reported a long-term debt of $88 million, with no short-term borrowings, while cash and cash equivalents totaled $103 million.
Norwood Financial currently has a dividend yield of 4.23%. Over the past five years, it has increased its dividend six times and has a 40% payout ratio. Check NWFL’s dividend history here.
Despite some modest operational challenges, Truist Financial has been a solid performer since I upgraded it to Buy nearly a year ago, returning around 15%. Net interest income is tracking weaker than expected amid tepid volume growth, but market-facing operations and non-interest income have been brighter. TFC is still sitting on a healthy level of surplus capital, and with retained earnings improving, that's led to a step-up in buyback spending, supporting EPS growth.
Investments in talent and deeper client relationships drive Truist's growth in strategically important region
, /PRNewswire/ -- Truist Financial Corporation today announced Lindsey Stampone has been named regional president for Pennsylvania and New Jersey, leading one of the company's fastest-growing and strategically important regions.
Over the past five years, Truist has expanded its presence in the region, growing its commercial loan and deposit portfolio to one of the largest among a dozen regions, driven by targeted investments in talent and deeper client relationships.
Lindsey Stampone joins Truist as regional president Pennsylvania and New Jersey. Stampone joins Truist with nearly 20 years of commercial banking leadership experience.
She previously held senior leadership roles across Bank of America's Global Commercial Bank, where she led growth strategies and delivered banking, treasury and capital markets solutions to middle market and large corporate clients.
Most recently, Stampone served as New Jersey market executive for Bank of America's Global Commercial Bank. Her background includes leadership roles spanning business banking, treasury sales, national sales teams, and regional strategy and operations.
"Lindsey's leadership experience, client‑first mindset, and commitment to people make her an exceptional fit for Truist and for the Pennsylvania and New Jersey markets," said Truist Head of Commercial Banking Jodie Hughes. "She embodies our purpose to inspire and build better lives and communities for clients, teammates and the markets we serve."
In her new role, Stampone will:
Set regional strategy and accelerate market growth Strengthen client relationships and market presence Develop high‑performing teams that reflect Truist's purpose‑driven culture "I'm excited to join Truist and to lead such a strong commercial and middle market banking team in Pennsylvania and New Jersey," said Stampone. "This is an important growth market, and I look forward to partnering across Wholesale Banking to support our clients, invest in our teams, and make a meaningful impact in the communities we serve."
Stampone serves on the board of directors for the Community Food Bank of New Jersey and previously served on the board of the YWCA of Minneapolis. She resides in New Jersey with her family.
She succeeds Travis Rhodes, who was previously named regional president of Truist's North Carolina West region.
As a top‑10 commercial bank, Truist combines local relationship management with national industry expertise to help commercial and middle market companies grow and operate with confidence. Truist partners with clients across every stage of the business lifecycle, bringing strategic advice, customized credit and financing, treasury and payments solutions, and capital markets capabilities to support growth, manage risk, and optimize cash flow.
Through an integrated platform that includes corporate and investment banking, wealth management, and specialized industry teams, Truist delivers holistic financial solutions designed to meet the complex needs of today's businesses and their leaders.
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 $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.
Key Takeaways BAC is viewed as well-positioned for 2026 upside due to scale, diversification and earnings growth.BAC expects NII growth in the upper end of 6-8% in 2026, supported by loans and stabilizing funding costs.TFC offers a discounted valuation, but higher expenses may limit near-term operating leverage. Bank of America (BAC - Free Report) and Truist Financial Corporation (TFC - Free Report) operate in the same banking landscape but offer investors very different risk-reward profiles. Bank of America stands out for its global scale, diversified revenue streams and strong deposit franchise, positioning it to benefit from improving capital markets activity, easing funding pressures and a more favorable rate backdrop.
Truist, alternatively, offers the appeal of a regional bank recovery story, with the upside tied to cost discipline, balance-sheet repositioning and margin stabilization.
Both banks are investing heavily in technology, data analytics and artificial intelligence (AI) to improve efficiency and deepen customer relationships. However, they differ meaningfully in size, business mix and diversification.
With consumer spending remaining resilient, loan demand improving, investment banking (IB) activity recovering and AI-driven productivity tools gaining traction, the key question is: which stock among BAC and TFC is better-positioned to capitalize on these trends and deliver stronger upside in 2026?
The Case for BACBank of America, the second-largest bank in the United States, is well-positioned for near-term improvement in net interest income (NII), supported by loan growth, fixed-rate asset repricing and stabilizing funding costs. From 2020 to 2025, the company’s NII grew at a compound annual growth rate (CAGR) of 6.7%, with the momentum continuing in the first quarter of 2026. Management expects fully taxable-equivalent NII to increase in the upper end of the 6-8% range this year.
BAC’s IB business has shown a meaningful recovery after a weak 2022 and 2023, when IB fees in the Global Banking segment declined 45.7% and 2.4%, respectively. The business rebounded in 2024 and 2025, with fees rising 31.4% and 8.4%, respectively. With global merger and acquisition activity improving and the company maintaining a healthy deal pipeline, BAC is expected to continue benefiting from solid growth in IB fees.
The company’s trading business has also improved since 2022. In the first quarter of 2026, sales and trading revenues, excluding net DVA, rose 12% year over year. However, given the volatile nature of capital markets, trading revenues can fluctuate significantly and may create earnings variability even when overall performance remains favorable.
Bank of America continues to focus on organic growth by expanding both physical and digital presence. This strategy is aimed at strengthening customer relationships, entering new markets and supporting long-term NII growth. By 2027, the company plans to open more than 150 financial centers. At the same time, the increased adoption of digital tools such as Zelle and its AI-powered assistant Erica is helping BAC boost customer engagement and cross-sell products, including mortgages, auto loans and credit cards.
The Case for TFCCompared with Bank of America, Truist has a more regionally focused business model and is relatively less exposed to interest rate cycles and capital markets volatility. Since selling its insurance subsidiary in 2024, the company has been working to strengthen its balance sheet, reposition its portfolio and expand more stable sources of non-interest income.
In August 2025, TFC announced a long-term growth plan aimed at deepening its presence in attractive U.S. markets. The plan includes opening 100 new branches, renovating more than 300 existing locations in high-growth cities by 2030 and investing in its business banking ecosystem.
Truist is also focusing on wealth management and IB as key drivers of fee income. While total non-interest income declined in 2022 and 2024 due to large securities losses, non-interest income, excluding those losses, saw a six-year (2019-2025) CAGR of 1.9%. A broader recovery in trading and IB activity could further support fee revenue growth.
On the interest income side, Truist’s NII saw a five-year (2020-2025) CAGR of 1.1%, helped by solid loan demand and higher rates, with the momentum continuing in the first quarter of 2026. For 2026, management expects average loan growth of 3-4% and NII growth of 2-3%, assuming stable policy rates.
However, Truist’s growth strategy comes with cost pressure. As the company expands its branch network, upgrades technology and adds talent to strengthen its commercial banking business, expenses are likely to remain elevated. Management expects GAAP expenses to rise 1.75% in 2026, which could limit near-term operating leverage compared with Bank of America’s scale-driven efficiency.
BAC & TFC: Price Performance, Valuation & Other ComparisonsOver the past three months, TFC and BAC shares have risen 5.2% and 12.4%, respectively. Hence, in terms of price performance, Bank of America has a clear edge over Truist.
3-Month Price Performance
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In terms of valuation, Truist is currently trading at a 12-month forward price-to-earnings (P/E) of 10.30X. Bank of America, in contrast, is trading at a 12-month forward P/E of 11.40X.
Therefore, TFC is trading at a discount compared with BAC.
P/E F12M
Image Source: Zacks Investment Research
Bank of America’s return on equity (ROE) of 11.49% is way higher than Truist’s 9.55%. This reflects BAC’s efficient use of shareholder funds in generating profits.
ROE
Image Source: Zacks Investment Research
How Do Earnings Estimates Compare for TFC & BAC?The Zacks Consensus Estimate for BAC's 2026 and 2027 earnings indicates 16.8% and 14.2% year-over-year growth, respectively. In the past week, the company’s earnings estimates for both years have been unchanged.
BAC Estimate Revision Trend
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for TFC’s 2026 and 2027 earnings indicates rallies of 14.4% and 13.3%, respectively. Earnings estimates for both years have been unchanged over the past seven days.
TFC Estimate Revision Trend
Image Source: Zacks Investment Research
BAC or TFC: Which Bank Is Positioned for Better Upside?Bank of America seems well-positioned to capitalize on the current interest rate environment through its scale, diversified income streams and branch expansion strategy. Its robust earnings growth outlook, superior ROE and impressive capital distribution activities signal financial strength and shareholder value creation. The company’s digital innovations and cross-selling opportunities also provide a long-term competitive advantage.
Truist Financial, though less sensitive to rate shifts, presents relatively modest earnings growth. Its discounted valuation and expansion strategy may appeal to value investors, but overall, Bank of America appears the stronger long-term bet right now.
Currently, both TFC and BAC carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
, /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) announced today that its board appointed Catherine Bessant to join as a director. Bessant will serve on the board's risk committee.
Cathy Bessant joins Truist Board of Directors. "We're delighted to welcome Cathy, with her deep experience in financial services and philanthropy to the Truist board of directors," said Truist Chairman and CEO Bill Rogers. "Cathy's impressive track record of purpose-driven leadership and successful digital, technology and operational transformation on a global scale will serve Truist, our teammates, clients and stakeholders well."
Bessant, inducted into American Banker's "Most Powerful Women in Banking" Hall of Fame in 2020 after multiple years ranked number one for industry influence and execution, most recently served as CEO of Foundation For The Carolinas, one of the largest community foundations in the U.S.
"I look forward to working alongside the Truist board to help advance the company's strategic direction and purpose to inspire and build better lives and communities," said Bessant. "I'm honored to join the board of such a great franchise in this exciting moment of industry transformation."
Culminating a distinguished four-decade career at Bank of America, Bessant retired as vice chair, global strategy, and as a member of the company's executive management team. Prior to that, she was chief operations and technology officer, where she led the company's business continuity and information security strategies and policies. Earlier in her career, Bessant held numerous senior leadership roles, including president, global corporate banking; president, global product solutions and global treasury services; chief marketing officer; president, consumer real estate and community development banking; national small business segment executive; and president of the Florida market.
Bessant serves on the board of directors of Zurich Insurance Group and is on the advisory board for—and a graduate of—the University of Michigan Ross School of Business. She's also the immediate past chair of the USA Field Hockey board of directors. Locally in the Queen City, she formerly chaired the North Tryon Vision Plan Advisory Committee and served as co-chair of the Charlotte-Mecklenburg Housing & Homelessness Strategy.
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 $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.
Move builds on Grandbridge's established Primary and Special Servicing Platform
, /PRNewswire/ -- Grandbridge Real Estate Capital, a wholly owned subsidiary of Truist Bank and Truist Bank's parent company, Truist Financial Corporation (NYSE: TFC), today announced the launch of its Master Servicing platform. This marks a significant expansion in Grandbridge's commercial mortgage servicing capability and further strengthens Truist as a national leader in commercial real estate.
The ratings position Grandbridge among a select group of institutions with the scale and expertise to oversee complex commercial mortgage-backed securities (CMBS) transactions.
Grandbridge secured Master Servicer ratings after completing the review process with all major rating agencies, building on its established primary and special servicing operations.
The reviews confirm that Grandbridge has the controls, people, and infrastructure to manage commercial mortgage loans through the full life cycle – from origination and financing to long-term administration and servicing.
"This represents a significant expansion of our business model as we continue our journey to be a full-service provider of solutions to the commercial real estate sector," said Kathy Farrell, head of Truist Asset Finance. "Master servicing deepens how we support real estate owners across the full life cycle of their assets while ensuring the success of projects that strengthen communities and improve lives."
Grandbridge is a full-service real estate lending platform that originates, finances, and services commercial and multifamily real estate loans and portfolios nationwide.
Master servicing plays a critical role in CMBS transactions by helping provide consistent administration, reporting, cash flow oversight, and portfolio performance support across large pools of commercial mortgage loans.
"This achievement demonstrates the discipline and long-term focus that define our business," said Adam Oates, head of Grandbridge. "Earning these ratings reinforces the confidence clients and investors place in us and reflects our purpose-driven approach to serving them every day."
Grandbridge has served as a primary servicer of commercial mortgage loans for more than 30 years, currently servicing CMBS, CRE CLO, Life Company, Bridge, HUD, and Agency loans. The master servicing operation is supported by Truist's balance sheet, liquidity, technology, and risk framework, providing additional assurance to investors and counterparties as market conditions evolve.
This milestone underscores Truist's commitment to delivering best-in-class capabilities to clients across industries and its ongoing investment in its Wholesale Banking platform, which provides comprehensive solutions to commercial, corporate, institutional and high-net-worth clients.
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 Bank, a wholly owned subsidiary of Truist Financial Corporation, is a top 10 commercial bank with total assets of $549 billion as of March 31, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.
About Grandbridge Capital
Headquartered in Charlotte, NC, Grandbridge Real Estate Capital LLC, a subsidiary of Truist Bank, facilitates financing for permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management through its broad investor base that includes insurance companies, CMBS investors, pension fund advisors, commercial banks and capital markets investors. The company is a Freddie Mac Optigo® lender, a Fannie Mae DUS® lender and an approved FHA MAP lender. With a current servicing portfolio of $26.7 billion, Grandbridge maintains ratings from all five major rating agencies, and services loan portfolios and provides asset and portfolio management nationwide for all capital providers including Freddie Mac, Fannie Mae, Ginnie Mae, insurance companies, banks and more than 250 securitizations.
In collaboration with MIT Solve, Truist Foundation will provide more than $1 million in grants and in-kind services to nonprofits to help workers navigate AI-driven changes
, /PRNewswire/ -- Truist Foundation today announced the launch of its fourth Inspire Awards, a capacity-building grant program for nonprofit organizations across the markets Truist Bank serves. This year's challenge aligns to Truist Foundation's focus on creating career pathways to economic mobility and aims to upskill adult workers navigating rapid technological change in the era of artificial intelligence (AI).
Lynette Bell discusses open application period for Truist Foundation's fourth Inspire Awards Challenge. The Inspire Awards Challenge is hosted in collaboration with Solve—an initiative of the Massachusetts Institute of Technology (MIT), whose mission is to find and scale innovative solutions to global problems. From now until Aug. 7, 2026, qualifying nonprofits can submit applications through MIT Solve that answer this question:
How are nonprofits providing innovative direct services, training programs, and career navigation supports for adult workers in the age of AI?
"Artificial intelligence is transforming the way people learn, work and prepare for the future. We want to elevate organizations that are helping workers adapt with confidence and gain access to opportunities that support long term stability," said Lynette Bell, head of Truist Philanthropy and president of Truist Foundation. "The Inspire Awards program continues to spotlight nonprofits that are innovating to create meaningful change for individuals, families and communities as the world around them rapidly evolves."
Truist Foundation and MIT Solve will provide a six-month support and development program for a cohort of six nonprofit finalists to help transform ideas into actions and help finalists strengthen and scale their solutions. The program includes a comprehensive needs assessment, learning and development modules to help refine business plans, access to a network of resource partners and coaches, and more.
At the conclusion of the support program, all finalists will receive a grant to help implement their project. The first-place nonprofit will receive a $250,000 grant, second place will receive a $150,000 grant, and a $25,000 grant will be given to each runner-up team. New this year, a Community Choice Award will earn one finalist an additional $75,000 grant—regardless of their status as a first-place, second-place or runner-up grant recipient.
"Nonprofits are helping workers adapt to a changing economy as AI reshapes every sector," said Hala Hanna, executive director of MIT Solve. "Through our collaboration with Truist Foundation, we are elevating solutions that expand opportunity and ensure that workers across industries can thrive in the age of AI. The Inspire Awards creates a powerful space for innovators to test and scale ideas that meet the real needs of communities."
The Truist Foundation Inspire Awards has become known as a space where nonprofits share and refine approaches that respond to community priorities around key economic mobility issues. Past finalists have contributed new ideas for career navigation, broadened access to training and credentialing, and helped workers pursue skills aligned with an evolving economy. The 2026-2027 program aims to build on this momentum by identifying organizations that are addressing the challenges and opportunities created by AI and emerging technologies.
To learn more or apply, click here.
About Truist Foundation
Truist Foundation is committed to Truist Financial Corporation's (NYSE: TFC) purpose to inspire and build better lives and communities. The Foundation, an endowed private foundation established in 2020 whose operating budget is independent of Truist Financial Corporation, makes strategic investments in a wide variety of nonprofit organizations centered around two focus areas: building career pathways to economic mobility and strengthening small businesses to ensure all communities have an equal opportunity to thrive. Embodying these focus areas are the Foundation's leading initiatives—the Inspire Awards and Where It Starts. Learn more at TruistFoundation.org.
Key Takeaways TFC launched a CMBS Master Servicing platform through Grandbridge.Grandbridge secured rating agency approvals required to operate as a CMBS master servicer.Truist can now oversee commercial loans across origination, servicing, reporting and monitoring. Truist Financial Corporation (TFC - Free Report) is strengthening its position in commercial real estate (CRE) finance through the launch of a new Master Servicing platform at its subsidiary, Grandbridge Real Estate Capital.
The move will likely broaden TFC’s commercial mortgage servicing capabilities and create an additional avenue for fee-based revenues, while enhancing its standing in the commercial mortgage-backed securities (CMBS) market.
The expansion follows Grandbridge's successful completion of reviews by major credit rating agencies, resulting in the approvals required to operate as a CMBS master servicer. These ratings place Grandbridge among a relatively small group of firms qualified to manage large and complex commercial mortgage securitization portfolios.
For Truist, the development extends Grandbridge’s responsibilities beyond its long-established primary and special servicing activities.
The new capability allows the platform to oversee commercial loans throughout their entire lifecycle, from origination and financing through ongoing administration, reporting and performance monitoring.
Truist Enhances Fee-Based Growth OpportunitiesMaster servicing is a critical component of CMBS transactions because it ensures consistent loan administration, cash-flow monitoring, investor reporting and portfolio oversight.
By entering this segment, TFC can deepen relationships with CRE borrowers, investors and institutional counterparties while expanding recurring servicing income streams that are less dependent on interest-rate cycles.
The milestone also demonstrates that Grandbridge possesses the operational controls, personnel, technology and risk-management infrastructure required to manage complex commercial mortgage portfolios.
Truist Strengthens Its Competitive PositionGrandbridge has serviced commercial mortgage loans for more than three decades and currently manages a diverse portfolio spanning CMBS, CRE collateralized loan obligations, life company loans, bridge financing, HUD loans and agency-backed assets.
Adding master servicing enables TFC to offer a more comprehensive suite of CRE solutions under one platform.
The launch underscores Truist’s ongoing investment in its wholesale banking franchise and reinforces its ambition to become a full-service partner for CRE clients. Over time, the expanded servicing platform could help increase market share, strengthen client retention and support sustainable earnings growth through higher fee-generating activity.
TFC’s Price Performance & Zacks RankOver the past six months, TFC shares have lost 0.5% against the industry’s 8.9% growth.
Image Source: Zacks Investment Research
Currently, Truist carries a Zacks Rank #3 (Hold).
Truist’s Peers Worth ConsideringA couple of better-ranked peers of TFC are KeyCorp (KEY - Free Report) and State Street Corporation (STT - Free Report) . Both these companies currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Over the past 30 days, the Zacks Consensus Estimate for KEY’s current-year earnings has been revised marginally higher. In the past six months, shares of KeyCorp have gained 6.8%.
Current-year earnings estimates for State Street have also been revised marginally higher over the past 30 days. Over the past six months, STT shares have gained 26%.
Local agencies, organizations, and associations are invited to collaborate with the EDGE Program, bringing financial educational opportunities to small business communities
, /PRNewswire/ -- The Acceleration Project (TAP), a nonprofit empowering under-resourced small business owners through high-impact consulting and mentorship, announced today the expansion of its Economic Development & Growth for Entrepreneurs (EDGE) Program for small business owners, with support from Truist Foundation. TAP was recently awarded a grant from Truist Foundation, which has provided the resources to bring this 2-year program, strengthening personal and business financial health, to 500 low to moderate-income small business owners across Florida, Georgia, North Carolina, Tennessee, South New Jersey, and Philadelphia.
Through no-cost coaching, small-group sessions, and one-on-one guidance, the EDGE program provides hands-on support to help small business owners build a stronger financial foundation. It is built around the Financial Health Network's FinHealth Score® framework, focusing on 4 key pillars - spending, saving, borrowing, and planning - to help entrepreneurs build stronger financial habits, improve long-term stability, and grow their businesses with confidence. At the end of each year in the program, 25 participants will receive monetary awards to invest in their businesses and help advance their goals. EDGE began in early 2026 in New York City and Westchester County, NY, with support from the Citi Foundation.
"The results we've seen thus far from small business owners participating in EDGE have been outstanding," said Jane Veron, CEO and Co-founder of TAP. "The knowledge and guidance they're gaining from our consultants teaching in this program are improving their financial confidence and decision-making skills. We're thrilled by the support of the Truist Foundation to expand this program to more states across the U.S., where small business owners are vital parts of communities and economies."
Applications to the expanded EDGE program for small business owners will open later this year. Community organizations, chambers of commerce, CFDIs, industry associations, city development agencies, nonprofits, and government entities that support the small business ecosystem are invited to join an informational session on June 24 or July 29 to learn more about the EDGE program, and how they can get involved and share the program with their own small business communities in August and September. Interested organizations can register for the June 24 session at 1:00pm ET linked here and the July 29 session at 12:00pm ET linked here.
"At Truist, our purpose is to inspire and build better lives and communities, and that comes to life through partnerships like this one. We're proud to support The Acceleration Project and its work to equip small business owners with the tools, guidance, and confidence they need to grow and thrive," said Truist Philadelphia market president Jeremy Ben-Zev. "Nonprofits like TAP play an important role in expanding opportunity, and we're honored to help advance that impact."
"Edge may have been the most organized and well-thought-out 1-on-1 I've had with TAP. My consultant was extremely helpful and professional," said Lee Hogans, Owner of WiLeeHo Music. "TAP continues to impress me by offering invaluable information through its consultants."
Questions or interest in the EDGE Program can be directed to [email protected]. Stay up-to-date on the EDGE program and find additional coaching and educational resources at https://www.theaccelerationproject.org.
About The Acceleration Project
The Acceleration Project (TAP) is a nonprofit organization that empowers under-resourced small business owners through high-impact consulting and mentorship. TAP supports small businesses nationwide across a wide range of industries with tailored guidance spanning finance, operations, marketing, and strategy, delivered at no cost to the small business owner. TAP has supported more than 11,900 businesses nationwide, helping small business owners achieve sustainable success, strengthen their communities, and expand economic mobility.
About Truist Foundation
Truist Foundation is committed to Truist Financial Corporation's (NYSE: TFC) purpose to inspire and build better lives and communities. The Foundation, an endowed private foundation established in 2020 whose operating budget is independent of Truist Financial Corporation, makes strategic investments in a wide variety of nonprofit organizations centered around two focus areas: building career pathways to economic mobility and strengthening small businesses to ensure all communities have an opportunity to thrive. Embodying these focus areas are the Foundation's leading initiatives – the Inspire Awards and Where It Starts. Learn more at Truistfoundation.org.
