AI Call Summaries handle the note-taking so care center teammates can focus on clients, resolving needs faster and delivering more personalized service.
, /PRNewswire/ -- Truist Financial Corp. (NYSE: TFC) today announced the full deployment of AI Call Summaries across its care centers, using generative AI to automatically convert client conversations into concise, structured summaries within seconds. By handling the note-taking and post-call documentation automatically, the technology frees care center teammates to stay fully present with clients, resolve needs faster and deliver more personalized, informed service on every call.
Truist has fully deployed AI Call Summaries across its care centers. Since its implementation in the third quarter of 2025, the capability has scaled rapidly, generating more than 4.5 million summaries, in the second quarter of 2026 alone, and supporting more than 70% of care center inbound client interactions. The average Truist care center phone call lasts more than eight minutes, making the ability to quickly capture key themes, client needs and resolution outcomes particularly valuable. Based on average time savings of approximately 30 seconds per call, AI Call Summaries saved teammates more than 36,000 hours in the second quarter of 2026.
"At Truist, listening to clients is central to how we improve the experience across the client journey," said Truist Head of Digital, Client Experience, and Marketing Sherry Graziano. "By using AI-powered capabilities, we can consolidate feedback, organize insights and get answers to clients more efficiently. This is a great example of being digitally empowered yet deeply relational, equipping teammates with the tools they need to serve our clients with greater care."
Across Truist Care Centers, AI Call Summaries help teammates access key information from prior interactions and prepare for follow-up conversations. "Deploying generative AI-powered call summaries across our care centers is a meaningful step forward in how we support our teammates and serve our clients," said Truist Head of Truist Care Centers Kimberly Dorsett. "Instead of manually capturing conversation details, teammates can use AI-generated summaries to quickly understand and respond to clients with greater confidence."
AI Call Summaries represent a foundational step in Truist's broader strategy to embed AI into everyday workflows, improve the client experience and reimagine how work gets done across the organization. As one of Truist's earliest enterprise-scale generative AI applications approved for broad use, the capability reflects the bank's commitment to scaling AI responsibly. Truist plans to extend the capability to additional areas of the bank, demonstrating how targeted AI use cases can deliver immediate value while creating a foundation for greater operational consistency, institutional knowledge capture and better decision-making across the organization."
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.
Allen Mooney & Barnes Investment Advisors LLC lowered its holdings in Truist Financial Corporation (NYSE:TFC – Free Report) by 34.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,933 shares of the insurance provider’s stock after selling 10,081 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Truist Financial were worth $943,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC bought a new position in shares of Truist Financial during the 2nd quarter valued at approximately $231,000. Paragon Private Wealth Management LLC raised its holdings in shares of Truist Financial by 11.2% in the 2nd quarter. Paragon Private Wealth Management LLC now owns 19,397 shares of the insurance provider’s stock worth $966,000 after purchasing an additional 1,959 shares during the period. Continuum Advisory LLC lifted its stake in Truist Financial by 10.4% in the second quarter. Continuum Advisory LLC now owns 5,915 shares of the insurance provider’s stock valued at $295,000 after purchasing an additional 558 shares during the last quarter. Nykredit A S bought a new position in Truist Financial during the second quarter valued at $15,151,000. Finally, Symphony Financial Ltd. Co. grew its holdings in Truist Financial by 3.1% during the second quarter. Symphony Financial Ltd. Co. now owns 10,685 shares of the insurance provider’s stock valued at $539,000 after purchasing an additional 317 shares during the period. Institutional investors own 71.28% of the company’s stock.
Truist Financial Stock Up 1.6% Shares of NYSE TFC opened at $51.62 on Friday. The business has a 50-day moving average of $51.52 and a 200-day moving average of $49.56. The firm has a market capitalization of $63.06 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 1.07 and a beta of 0.88. Truist Financial Corporation has a 12 month low of $40.78 and a 12 month high of $56.19. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73.
Truist Financial (NYSE:TFC – Get Free Report) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.15. Truist Financial had a net margin of 19.13% and a return on equity of 10.06%. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.24 billion. During the same period in the previous year, the firm posted $0.91 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. Sell-side analysts expect that Truist Financial Corporation will post 4.58 earnings per share for the current fiscal year. Truist Financial Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, August 14th. Truist Financial’s dividend payout ratio (DPR) is currently 47.71%.
Insider Buying and Selling In related news, CEO William Rogers, Jr. sold 13,250 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $52.36, for a total value of $693,770.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donta L. Wilson sold 13,280 shares of Truist Financial stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $51.85, for a total transaction of $688,568.00. Following the transaction, the insider directly owned 56,009 shares in the company, valued at $2,904,066.65. This trade represents a 19.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 30,516 shares of company stock worth $1,584,428 in the last quarter. 0.15% of the stock is owned by insiders.
Analysts Set New Price Targets Several analysts have issued reports on TFC shares. Morgan Stanley restated an “equal weight” rating and issued a $54.00 target price (down from $62.00) on shares of Truist Financial in a research note on Monday, July 6th. Stephens decreased their price objective on Truist Financial from $59.00 to $57.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Wall Street Zen upgraded Truist Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. UBS Group downgraded shares of Truist Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $58.00 to $55.00 in a report on Tuesday, July 7th. Finally, Evercore reiterated an “outperform” rating and issued a $57.00 target price on shares of Truist Financial in a research note on Monday, July 6th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $55.12.
Get Our Latest Research Report on TFC
Truist Financial 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.
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Dave Ramsey named three financial companies he personally refuses to touch, and one of them has quietly turned into a 470% stock winner over the last decade. Whether his blacklist is wisdom or a grudge depends entirely on one number…
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On the September 2, 2026 Ramsey Show, Dave Ramsey told a 64-year-old caller carrying $20,000 in credit card debt that he personally refuses to do business with three financial companies. “I don’t want anything to do with American Express…They’re absolute hogwash. I don’t want anything to do with SunTrust Financial. I don’t want anything to do with Fifth Third, ever, period.” He traced the grudge to his own bankruptcy: “I’m still, 40 years later, mad at bankers.”
The caller, Carlos, is a New York City security guard earning about $55,000 a year, with $12,000 owed to the IRS, $40,000 in a TIAA-CREF account, and a fresh prostate cancer diagnosis. For a reader in Carlos’s position, following Ramsey’s blanket boycott versus chasing points is not a philosophical debate. It is a math problem with a very clear answer.
Verdict: Ramsey Is Right for Revolvers, Wrong for Payers Rewards financed by carried balances are hogwash. Rewards paid to transactors are free money. The break-even is not close, and it is not subtle. The average credit card APR was nearly 21%, sitting in what the Federal Reserve’s own historical range calls record territory. A typical rewards card pays 1% to 5% back. Interest at 21% eats a 2% rewards rate ten times over on every dollar that rolls to the next statement.
Apply that to Carlos. A $20,000 carried balance at roughly 21% costs over $4,000 a year in interest alone. Even a generous 3% cashback card would return roughly $600 on that same $20,000 in annual spending. The rewards do not offset the interest. They do not come close. Every month the balance sits, the issuer wins and the customer funds a stock chart. American Express (NYSE:AXP | AXP Price Prediction) shares are up roughly 471% over ten years and about 113% over five, recently trading near $324. That return was financed by balances exactly like Carlos’s.
The same pattern shows up at the other two names on the blacklist. Fifth Third Bancorp (NASDAQ:FITB) has returned roughly 274% over ten years. Truist Financial (NYSE:TFC), the successor to SunTrust, is up about 93% over ten years. Consumer credit is a good business for the lender, which is precisely why Ramsey warns borrowers away from the other side of the ledger.
One Variable Flips the Math: Do You Carry a Balance? The single factor that decides whether rewards are “hogwash” or free money is whether your statement balance hits zero every month. There is no middle ground.
Scenario A, the transactor: spend $30,000 on the card in a year, pay it in full each cycle, earn 2% back. That is $600, tax-free, with no interest paid. AmEx still makes money on interchange, but the customer is not funding it out of pocket.
Scenario B, the revolver: same $30,000 in spend, but a $5,000 average balance rides along at nearly 21%. Interest runs over $1,000 in a year. The 2% rewards return $600. Net: the cardholder is out several hundred dollars and the issuer books the spread. Do this for a decade and the compounding shows up on someone else’s brokerage statement. The credit card delinquency rate now running near 3% is a reminder that plenty of households are in Scenario B and drifting further in.
Ramsey’s absolutist rule ignores Scenario A. But it correctly identifies that most people who tell themselves they are transactors eventually are not. AmEx’s own results back the behavior he warns about: management reported billed business of $455.80 billion in Q2 2026 and card fee growth that CEO Stephen Squeri credits to “Millennials and Gen-Zs who represent greater lifetime value.” Lifetime value, for an issuer, is a polite way of describing decades of interchange and interest.
What to Actually Do Before Your Next Statement Closes Run the real break-even. Pull your last 12 statements. Add total interest paid. Subtract total rewards earned. If the number is negative, the card is costing you money regardless of how good the points portal looks. Attack the balance before the rate. Ramsey told Carlos that saving 15% of income for eight years, combined with his existing $40,000, could get him to roughly $150,000 to $200,000 by age 70. That path only works if the 21% drag is removed first. Separate the tool from the trap. A rewards card cleared monthly works like a debit card with a rebate. A rewards card carried month to month works like a high-rate loan. Ramsey’s language is blunt because his audience is people already losing the interest arbitrage. If that is you, he is right. If it is not, the math gives you permission to keep the points and skip the sermon.
Contact [email protected] for any questions or corrections.
Key Takeaways Truist Financial still trails its 2019 merger goals despite stronger earnings and improved ROTCE in 2026.TFC's assets rose 18% since the merger, but loans grew about 10%, and shares fell 7.2% since December 2019.TFC targets modest 2026 NII growth as credit risks, rising costs and weaker digital sales test Lyons. Truist Financial’s (TFC - Free Report) new president and CEO, Mike Lyons, is taking charge at a critical point for the bank. Lyons, who assumed the role on Sept. 1, brings more than 30 years of financial-services experience spanning banking, payments and technology. Former CEO Bill Rogers has moved to executive chair until his planned April 2027 retirement.
Nearly 7 Years After the Merger, TFC Still Trails Its AmbitionsLyons inherits a bank whose profitability is improving, but the numbers highlight how far Truist remains from the aspirations set when BB&T and SunTrust completed their merger of equals in December 2019. The deal targeted a 22% return on average tangible common equity (ROTCE) and a 51% efficiency ratio, along with $1.6 billion of annual run-rate cost synergies by 2022.
In the first half of 2026, Truist’s earnings jumped 30% year over year, and ROTCE improved to 14.6% from 12.3% at June 2025-end. Yet that remains roughly 740 basis points (bps) below the merger-era 22% return target. The efficiency ratio was 58.0%, about 700 bps above the original 51% goal. TFC’s current long-term ROTCE target of 16-18% is also below the return profile envisioned in 2019.
ROTCE Outlook
Image Source: Truist Financial Corporation
Truist’s Scale is Yet to Produce Strong Organic GrowthTruist ended 2019 with $473 billion of assets, $299.8 billion of loans held for investment (LHI) and $334.7 billion of deposits. By June 2026, assets had risen to $556 billion, while LHI was about $329.8 billion and deposits $409.4 billion. While assets expanded roughly 18% since the merger, LHI grew only about 10%, an annualized pace of roughly 1.5%.
That is a modest payoff from a franchise created to lead attractive Southeast and Mid-Atlantic markets and form the sixth-largest U.S. bank. TFC’s share price also underscores muted value creation. Since December 2019, the company’s shares are down 7.2%, lagging the industry’s rally of 45.1%. Its close peers, PNC Financial Services (PNC - Free Report) and M&T Bank (MTB - Free Report) , have gained 58.2% and 42.9%, respectively, over the same time frame.
Price Performance
Image Source: Zacks Investment Research
Over the past seven years, PNC Financial and M&T Bank have expanded their capabilities and geographic reach through acquisition and partnership. Further, these two banks are taking steps to expand their branch network across high-growth markets.
Shareholder payouts also highlight Truist’s relatively sluggish post-merger progress. Truist’s annual common dividend increased from $1.71 per share in 2019 to $2.08 in 2025 and has remained unchanged since 2023. In contrast, PNC Financial’s dividend climbed from $4.20 to $6.60, and M&T Bank’s rose from $4.10 to $5.70 over the same period.
Moreover, while Truist continues to pay 52 cents quarterly in 2026, PNC Financial and M&T Bank have lifted their latest quarterly payouts to $2.00 and $1.50, respectively.
TFC: NII, Credit Risks and Digital Execution Will Test LyonsTruist must address the subpar net interest income (NII) growth while managing credit risks that could limit profitability. Taxable-equivalent revenues rose 5% year over year in the first six months of 2026, but net interest margin (NIM) slipped 2 bps to 3%, underscoring pressure on spread income. The company projects a modest 1-1.5% NII growth for 2026.
5-Quarter NII and NIM Trend
Image Source: Truist Financial Corporation
To improve NII and NIM, Lyons will need to restructure the bank’s bond portfolio, improve asset repricing and deposit-cost discipline. He may even consider divesting non-strategic businesses such as subprime auto lending to improve balance sheet productivity.
Commercial lending represents another important headwind. Truist’s commercial loan book totaled approximately $201.6 billion as of June 30, 2026, or about 61% of its loan portfolio. This makes asset quality and credit costs particularly sensitive to weak property values, elevated vacancies and refinancing pressures. Though these loans have floating interest rates and shorter durations, Lyons will have to maintain strict underwriting standards, increase reserves where necessary and actively manage criticized and non-performing assets as economic pressure weighs on commercial borrowers.
5-Quarter LHI Trend
Image Source: Truist Financial Corporation
Digital banking will also be central to Lyons’ efforts to strengthen customer engagement and improve operating efficiency. Digital transactions represented 71% of Consumer and Small Business Banking transactions in the second quarter, but digital sales accounted for only 29% of total sales and fell nearly 480 bps year over year. Better digital origination, personalization and cross-selling could improve customer acquisition and deepen relationships, helping offset slower balance sheet growth.
Truist’s cost base has stabilized from the elevated post-merger levels, but non-interest expenses rose in 2025 and the first half of 2026, driven by higher personnel costs and continued investments in technology and digital capabilities, including AI-enabled tools. While these investments will likely support productivity over the longer term, continued reinvestment may limit operating leverage and constrain bottom-line growth.
Truist’s solid capital position provides Lyons with meaningful strategic flexibility. The bank ended June with a 10.9% CET1 ratio and returned $1.8 billion to shareholders during the quarter. The bigger challenge is deploying that capital effectively, converting technology investments and franchise scale into stronger loan growth, improved NII, disciplined credit costs and returns that move closer to the ambitions set at the time of the 2019 merger.
At present, TFC carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Industry veteran tapped to accelerate Wealth Brokerage growth
, /PRNewswire/ -- Truist Wealth, the private wealth business of Truist Financial Corporation (NYSE: TFC), today announced the appointment of Tory Sherman as Wealth Brokerage national director, a newly created role focused on advancing Truist Wealth's growth strategy.
Tory Sherman joins Truist Wealth as Wealth Brokerage national director Reporting to Bryan Cram, head of Wealth Brokerage for Truist Wealth, Sherman will oversee Wealth Brokerage sales and sales support functions, with responsibility for advisor productivity, client acquisition and revenue growth. He will partner closely with teams across Truist Wealth, Wholesale Banking and Truist Premier to advance a unified go-to-market strategy and deliver a differentiated client and advisor experience.
"Tory is a proven leader with a deep understanding of what advisors need to succeed and what clients expect from their wealth management relationship," said Cram. "His track record of building high-performing teams, driving growth and fostering a culture of accountability and collaboration will help us enhance advisor productivity, attract top advisor talent and continue building a destination wealth platform."
Sherman has nearly 30 years of wealth management experience, having led markets, regions and national organizations throughout his career. Most recently, he served as executive vice president and president at Comerica Financial Advisors, where he oversaw the firm's national brokerage and wealth advisory business. He also served as national sales and strategy leader at Comerica where he designed and implemented enterprise-wide sales strategies while strengthening cross-functional partnerships.
Prior to Comerica, he spent two decades at Wells Fargo, starting as a financial advisor before taking on market and senior wealth management leadership roles.
"Truist Wealth has built a strong reputation for putting clients first and investing in its advisors," said Sherman. "I'm excited to join the team and build on the momentum already underway by creating new opportunities for advisors and further enhancing and deepening the client experience."
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 (NYSE: TFC) 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.
Milestone reflects data-driven innovation at Truist and their growing personalization engine, delivering proactive insights and advice that help clients better understand, manage and act on their financial lives.
Why it matters: Truist Insights has generated more than 2 billion personalized financial insights and advice for consumer, small business and wealth clients since 2023, helping clients spot patterns, understand changes and take action with more confidence. What's new: Truist is embedding proactive insights where clients already engage digitally, within account details, planning dashboards, and Truist Assist, including delivering timely push notifications for urgent insights. The impact: Truist is seeing industry-leading engagement* as it delivers relevant, personalized insights in the moments clients are already managing their money—whether that's monitoring everyday banking activity or considering a relevant offer. , /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that clients have received more than 2 billion proactive financial insights and advice through Truist Insights since 2023—helping them make more confident financial decisions every day.
Truist has delivered 2B insights to clients since 2023. Available in online and mobile banking for consumer, small business and wealth clients, Truist Insights uses data, analytics and AI-powered personalization to turn financial activity into timely observations. The experience helps clients monitor cash flow, understand income and expenses, recognize subscription changes, identify potential duplicate transactions and stay aware of balance-related changes—all in a simple way.
"Reaching 2 billion insights represents 2 billion moments of proactive care, opportunities to deliver knowledge and support in ways that are personal, timely and useful," said Truist Chief Consumer and Small Business Banking Officer Dontá Wilson. "By combining AI-driven, proactive insights with the expertise of our teammates, we're creating experiences that are digitally empowered and deeply relational, helping create success with our clients."
Truist brings together AI-powered personalization, responsible data use and human support to deliver observations that are timely, relevant and grounded in the company's care-centered purpose.
AI-powered insights are increasingly embedded into the everyday digital banking journey—from account details and dashboards to Truist Assist and push notifications—so clients can receive advice when it's most useful. By showing up in context, these insights can help clients spot what needs attention, such as low-balance activity, and understand relevant opportunities, including checking account upgrades or personalized credit card offers. Clients remain in control and can turn off Truist Insights if they no longer wish to receive them.
Clients are responding positively to the experience. Truist Insights currently has a 4.5 client satisfaction rating* coupled with industry-leading engagement, measured by whether clients choose to open an insight and then take the next step, such as viewing more detail or navigating to a recommended action. These results reflect the relevance and usefulness of the proactive financial tips and offers delivered into the flow of clients' digital banking experiences.
Truist Insights reflects three important shifts in how Truist is building more personalized, digitally enabled client experiences:
Broader strategy: Truist Insights is part of the company's personalized experience strategy, using data, analytics and AI to create more relevant, connected experiences across the client journey. Digital preference: Digital continues to be a preferred channel, with over 70% of overall transactions happening digitally and over 80% of deposits occurring in self-serve channels. Ongoing investment: Truist continues to invest in AI-enabled capabilities that make everyday banking simpler, more personal and more connected to human support. "Personalization is how we show care at scale," said Head of Digital, Client Experience and Marketing at Truist, Sherry Graziano. "By using data responsibly to anticipate client needs and connect them to the right support at the right time, we're making banking more personal, proactive and relevant in the moments that matter."
Truist is continuing to expand its personalization capabilities, including work to make insights available in more channels and teammate tools over time, while using client feedback, research and design practices to improve digital journeys and strengthen the connection between technology and human support. By bringing personalized expertise and advice into digital channels, Truist is extending its care-centered approach beyond in-person interactions—helping clients access timely support and observations when and where they need it, no matter how they choose to bank.
*Personetics reporting provided to Truist as of July 2026
About Truist
Truist Financial Corporation (NYSE: TFC) 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.
Key Takeaways Truist's NII edged higher in the first half of 2026 as loans and earning assets expanded.TFC's average loans and leases rose 6.3% to $330.5 billion at the end of Q2, supporting further NII growth.Truist expects NII to rise 1-1.5% in 2026, with NIM and pricing dynamics being key to growth. Truist Financial’s (TFC - Free Report) net interest income (NII) has been witnessing modest growth, driven by continued loan growth, a favorable interest rate regime, expansion in earning assets and deposit trends. Further, net interest margin (NIM) and loan spreads are likely to influence the pace of NII expansion.
NII has remained relatively resilient, recording a 1.1% compound annual growth rate (CAGR) over the five years ended 2025. The momentum continued in the first half of 2026, with the metric rising 1.8% year over year to $7.22 billion. It benefited from higher earning assets and loan growth, partly offset by lower loan spreads and fixed-rate debt repricing.
NII Quarterly Trend
Image Source: Truist Financial Corporation
Truist’s NII growth has been supported by an expanding earning asset base and continued loan growth. Average loans and leases held for investment increased 6.3% year over year to $330.4 billion in the first half of 2026.
Continued lending activity will likely provide a foundation for NII growth as a larger loan base generates additional interest income. However, the ongoing optimization of less strategic and lower-relationship-return lending portfolios is expected to temper loan-related NII growth to some extent.
Truist’s funding profile remains an important consideration for NII. Average deposits increased 1.5% year over year to $5.9 billion in the first half of 2026, led by growth in interest checking balances. Deposit growth provides funding capacity for asset expansion, while the average cost of total deposits remained relatively stable at 1.56%. Ongoing deposit repricing could provide further support as the rate cycle evolves, although management expects a less favorable deposit mix to weigh on NII growth.
Net interest margin remains a critical driver of Truist’s NII performance. The metric declined 2 basis points (bps) to 3.00% in the first half of 2026 from the prior-year period, reflecting pressure from lower loan spreads and fixed-rate debt repricing. While this indicates some pressure on NII growth, relatively stable funding costs and continued deposit repricing are expected to help limit further margin pressure.
TFC's NII Outlook Remains Positive Despite HeadwindsManagement has moderated its 2026 NII growth outlook to 1-1.5%, reflecting continued optimization of less strategic and lower-relationship-return lending portfolios, lower loan spreads, a less favorable deposit mix, and changes in the forward rate curve. These factors are expected to limit the pace of NII expansion.
The company expects NII to increase approximately 1.5% sequentially in the third quarter, indicating continued improvement in its core interest income performance. This is supported by loan and earning-asset growth, deposit trends and balance-sheet initiatives, although NIM and pricing dynamics will remain key variables.
TFC’s Price Performance & Zacks RankOver the past six months, TFC shares have risen 0.3% compared with the industry’s 17.8% growth.
6-Month Price Performance
Image Source: Zacks Investment Research
Currently, Truist Financial carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
How Are TFC’s Peers Faring in Terms of NII?The Bank of New York Mellon Corporation (BNY - Free Report) has been strengthening its NII through reinvestment at higher yields, balance sheet growth and stable deposit trends. Although NII declined in 2020 and 2021 amid low interest rates, it recorded a six-year CAGR of 7.6% during 2019-2025, with growth continuing in the first half of 2026.
Going forward, continued reinvestment at higher yields, loan growth and relatively stable funding trends are expected to support NII expansion. BNY now expects 2026 NII to increase 12-13% year over year, up from its previous outlook of approximately 10%, indicating stronger near-term growth prospects.
KeyCorp (KEY - Free Report) has been strengthening its NII through lower deposit costs, reinvestment of maturing low-yielding securities and swaps into higher-yielding assets, and a shift toward higher-yielding loans. Although NII declined in 2023 and 2024, it recorded a five-year CAGR of 2.8% during 2020-2025, with NII growth continuing in the first half of 2026.
Going forward, continued loan growth, lower funding costs, a favorable deposit mix and the runoff of low-yielding assets are expected to support NII expansion. KEY expects 2026 NII to increase 9-11% from $4.67 billion in 2025. Favorable loan and deposit trends, along with growth in average earning assets, will likely further support NII expansion.
Truist and U.S. Bancorp are writing shareholders identical checks this year, but underneath that matching number, one bank is quietly building momentum while the other sits frozen in place.
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Two of America’s largest regional banks just paid shareholders the exact same dividend. Truist Financial (NYSE:TFC | TFC Price Prediction) sent investors $0.52 per share on September 1, 2026, matching to the penny the $0.52 per share U.S. Bancorp (NYSE:USB) distributed on July 15, 2026. Identical payments, similar business models, same sector. The similarity ends there. One of these dividends is quietly accelerating. The other has been frozen for four years.
Same Check, Very Different Yield The starting point for any dividend comparison is yield, and here Truist wins on the surface. With shares trading at $50.74 and an annualized forward payout of $2.08, TFC yields roughly 4.1%. U.S. Bancorp, at $62.35 with the same $2.08 annualized, yields closer to 3.3%.
That yield gap reflects what investors think of each dividend’s future.
Truist: A High Yield Anchored by a Frozen Payout Truist has paid $0.52 per share every quarter since the August 2022 ex-dividend date. That is roughly four years of flat distributions, spanning the entire post-BB&T/SunTrust integration period. The last raise, from $0.48 to $0.52, landed in mid-2022.
Truist has ample earnings power to support the payout. Truist’s fiscal-year 2025 EPS was $3.82, and Q1 2026 EPS came in at $1.09, beating consensus by 8.98%. That places the payout ratio near 54% against trailing earnings, comfortably covered.
Capital is flowing to buybacks, as opposed to dividends. Management raised 2026 share repurchase guidance to approximately $5 billion, up from $4 billion, and reported returning “more than 100% of earnings to shareholders through share repurchases and through our common dividend” in Q2 2026. CFO commentary framed it plainly: “We’ve got a total net payout ratio above 100%. By the way, we think that’s appropriate, you know, given our capital position.”
Truist is also mid-transition. Mike Lyons became CEO on September 1, with Bill Rogers moving to executive chair through his April retirement. New leadership rarely rushes a dividend hike.
Truist Dividend Grade: C+ High yield, safe coverage, zero recent growth, and a management team explicitly prioritizing buybacks over per-share dividend increases.
U.S. Bancorp: Lower Yield, Live Growth U.S. Bancorp’s dividend history tells the opposite story. The quarterly payment moved from $0.49 to $0.50 in late 2024, then to $0.52 in the September 2025 quarter. Management has now guided to another step-up. A planned ~4% dividend increase is slated for Q3 2026, subject to Board approval.
The earnings backdrop supports this growth. USB posted Q2 2026 diluted EPS of $1.35, up roughly 22% year-over-year, on record net revenue of $7.7 billion and a return on tangible common equity of 18.7%. FY2025 EPS was $4.62, which puts the current $2.08 payout ratio near 45%, tighter than Truist’s coverage.
CFO Gunjan Kedia signaled a deliberate glide path: “We would anticipate to increase the buybacks and glide into that 70 to 75% range, which we’re very committed to as we approach that 10%, approximately that 10% level.” Buybacks were only $200 million in Q2 2026, held back to fund the BTIG acquisition and the Amazon small-business portfolio. Dividend growth is doing more of the shareholder-return work here.
U.S. Bancorp Dividend Grade: B+ Lower headline yield, but active growth, stronger coverage, and a credible near-term raise on the calendar.
What to Watch Next The next catalyst is USB’s Q3 2026 board action on the planned ~4% dividend increase. If approved, USB’s forward payout moves ahead of Truist’s while TFC’s stays flat, narrowing the yield gap without either company changing its share price. For Truist holders, the question is whether new CEO Mike Lyons treats the dividend as a growth lever or leaves it parked while the $5 billion buyback runs its course. Yield today can diverge from yield tomorrow, and these two banks are proving why.
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CHARLOTTE, N.C., Aug. 26, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chief Financial Officer Mike Maguire will speak at the Barclays Global Financial Services Conference on Tuesday, Sept.
New mortgage and small business lending is ahead of target, increasing housing availability, stability and allowing local businesses to reopen, strengthen the region's economic recovery following Hurricane Helene devastation Truist Foundation's recovery and resiliency fund enters final phase of grant deployment, on track to disburse all funds by two-year anniversary of Helene's impact , /PRNewswire/ -- As global leaders gather in Asheville, North Carolina, Truist Financial Corporation (NYSE: TFC) and Truist Foundation announce they have surpassed the halfway point of the $725 million Truist Cares for Western North Carolina commitment established following Hurricane Helene. The multiyear initiative supports the region's long-term recovery through dedicated lending for small businesses, commercial real estate development and home mortgages, along with philanthropic grants supporting housing, small business recovery and community resilience.
"The progress in Western North Carolina demonstrates what's possible when business, philanthropy and community partners work together toward a common goal," said Truist Chairman and CEO Bill Rogers. "Surpassing the halfway mark of the $725 million commitment demonstrates how Truist and Truist Foundation are putting purpose into action to support impacted families, small businesses and communities. While there is more work ahead, we're encouraged by the progress made and remain committed to the region's long-term recovery and resilience."
The Truist Foundation Western North Carolina Recovery and Resiliency Fund, managed in partnership with Center for Disaster Philanthropy, has completed four rounds of grantmaking and is entering its final phase of deployment. The fund is on track to disburse all available grant funding by the second anniversary of Hurricane Helene. Grantmaking has been informed by an assessment of local needs and ongoing engagement with nonprofit organizations, community leaders and other recovery partners.
Truist small business, commercial real estate and home mortgage lending progress is ahead of the initiative's target to date:
Small business: Dedicated lending helps qualified local businesses access capital as they rebuild and reopen. Truist and Truist Foundation have also worked with community partners to create financing programs, referral pathways and technical assistance resources designed to reach businesses across the region, including entrepreneurs in rural communities and industries critical to the local economy. Commercial real estate: Financing supports commercial real estate activity across Western North Carolina, including multifamily housing projects that can help address the region's ongoing housing needs by preserving existing housing and advancing new affordable housing development. Home mortgage: Dedicated mortgage lending helps residents finance homes across Western North Carolina. The program supports broader housing recovery efforts and ongoing investment in communities throughout the region. Truist teammates have shown up alongside communities with hands-on service—contributing more than 5,000 hours of volunteer support and strengthening dozens of community organizations. Together, these efforts reflect a simple belief: Communities don't recover on a timeline. Meaningful recovery requires partners willing to stay engaged long after the headlines fade.
Truist Cares for Western North Carolina was announced in November 2024 to support small business, housing and infrastructure recovery following Hurricane Helene. The initiative combines dedicated lending, impact capital, philanthropic support and teammate volunteer engagement as communities transition from immediate relief to long-term recovery and resilience.
To learn more about Truist Cares for Western North Carolina, visit Truist.com/truistcares.
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 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.
Archer Investment Corp acquired a new position in Truist Financial Corporation (NYSE:TFC – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 13,413 shares of the insurance provider’s stock, valued at approximately $668,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Truist Financial during the second quarter worth about $4,959,834,000. Auto Owners Insurance Co boosted its holdings in Truist Financial by 4,821.0% during the fourth quarter. Auto Owners Insurance Co now owns 14,172,480 shares of the insurance provider’s stock worth $697,428,000 after purchasing an additional 13,884,480 shares during the last quarter. Wellington Management Group LLP increased its stake in Truist Financial by 13,511.7% in the 3rd quarter. Wellington Management Group LLP now owns 10,386,831 shares of the insurance provider’s stock valued at $474,886,000 after buying an additional 10,310,523 shares during the last quarter. Norges Bank bought a new stake in Truist Financial during the 4th quarter worth about $502,340,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Truist Financial during the 2nd quarter worth about $338,855,000. 71.28% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In TFC has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Truist Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Bank of America reaffirmed a “neutral” rating and set a $56.00 target price (up from $54.00) on shares of Truist Financial in a report on Wednesday, July 8th. JPMorgan Chase & Co. raised their target price on shares of Truist Financial from $53.00 to $54.00 and gave the stock an “underweight” rating in a report on Wednesday, July 29th. Morgan Stanley reaffirmed an “equal weight” rating and set a $54.00 price objective (down from $62.00) on shares of Truist Financial in a research report on Monday, July 6th. Finally, Robert W. Baird raised their target price on shares of Truist Financial from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $55.12.
Get Our Latest Stock Analysis on TFC Truist Financial Stock Up 0.3% Shares of NYSE:TFC opened at $50.46 on Friday. Truist Financial Corporation has a 12-month low of $40.78 and a 12-month high of $56.19. The business’s 50 day moving average is $51.47 and its 200 day moving average is $49.68. The stock has a market cap of $61.64 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.06 and a beta of 0.89. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.73.
Truist Financial (NYSE:TFC – Get Free Report) last released its quarterly earnings data on Friday, July 17th. The insurance provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.08 by $0.15. The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.24 billion. Truist Financial had a net margin of 19.13% and a return on equity of 10.06%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. On average, sell-side analysts forecast that Truist Financial Corporation will post 4.58 earnings per share for the current fiscal year.
Truist Financial Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, August 14th. Truist Financial’s dividend payout ratio is presently 47.71%.
Insider Transactions at Truist Financial In other Truist Financial news, CEO William H. Rogers, Jr. sold 13,250 shares of Truist Financial stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $52.36, for a total transaction of $693,770.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director K. David Jr. Boyer sold 3,986 shares of the stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $50.70, for a total value of $202,090.20. Following the sale, the director owned 10,270 shares of the company’s stock, valued at $520,689. This represents a 27.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 30,516 shares of company stock valued at $1,584,428 in the last quarter. 0.15% of the stock is owned by insiders.
Truist Financial 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.
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Experienced commercial banking leader brings more than two decades of client, community leadership
, /PRNewswire/ -- Truist Financial Corporation today announced Shirley Morejon has been named regional president of Tennessee, a fast-growing and increasingly competitive market.
Morejon replaces Johnny Moore, who was recently named head of commercial banking integration to focus on strengthening and scaling partnerships across Truist's commercial banking, wealth management and wholesale payments businesses to better serve clients.
Shirley Morejon announced as Truist regional president of Tennessee. Morejon brings more than 20 years of banking leadership across commercial banking, treasury management and relationship management. She will grow and deepen client relationships in Tennessee while supporting teammates and communities across the state.
"Shirley is a purposeful and experienced commercial banking leader with a strong record of building teams, serving clients and creating meaningful community impact," said Jodie Hughes, Truist Head of Commercial Banking. "Her client-first leadership style and deep knowledge of the Southeastern market make her well-positioned to lead our Tennessee team and help clients achieve their goals."
Prior role: Morejon was previously Bank of America's market executive for the mid-South region, leading a team of middle market commercial bankers across Tennessee, Alabama, Kentucky and Mississippi. Her team partnered with companies generating $50 million to $2 billion in annual revenue, delivering commercial banking, treasury management, investment banking, capital markets and international banking solutions.
"I am honored to join Truist and lead the Tennessee market," Morejon said. "Tennessee is home to dynamic companies, strong communities and tremendous opportunity. I look forward to working with our teammates and partners to help clients grow, support our communities and bring Truist's purpose to life across the state."
Service leadership: A longtime advocate for mentorship and talent development, Morejon previously served as a leader of a Hispanic/Latino employee resource group supporting more than 20,000 employees. She was honored as a 2026 Nashville Business Journal Women of Influence and a 2022 Tampa Bay Business Journal Businesswoman of the Year.
Based in Nashville, Morejon actively supports many local organizations:
Nashville Area Chamber of Commerce Nashville Impact100, a women-led philanthropic group Advancing Women in Nashville (AWIN) Children's Cancer Center, previously serving as board chair Truist's commercial and middle market banking business is part of the wholesale banking segment, providing 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 (NYSE: TFC) 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.
BlackRock Inc. purchased a new stake in Truist Financial Corporation (NYSE:TFC – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 99,555,076 shares of the insurance provider’s stock, valued at approximately $4,959,834,000. BlackRock Inc. owned 8.15% of Truist Financial at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the business. Pinnacle Financial Partners Inc. grew its holdings in Truist Financial by 30.0% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 174,839 shares of the insurance provider’s stock valued at $7,994,000 after buying an additional 40,393 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Truist Financial by 531.8% during the first quarter. Fifth Third Bancorp now owns 436,355 shares of the insurance provider’s stock worth $20,059,000 after buying an additional 367,291 shares in the last quarter. Franklin Street Advisors Inc. NC lifted its holdings in shares of Truist Financial by 129.1% during the second quarter. Franklin Street Advisors Inc. NC now owns 37,253 shares of the insurance provider’s stock worth $1,856,000 after buying an additional 20,991 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in shares of Truist Financial by 77.2% in the fourth quarter. Axxcess Wealth Management LLC now owns 158,394 shares of the insurance provider’s stock valued at $7,795,000 after acquiring an additional 68,990 shares during the period. Finally, Concord Asset Management LLC VA boosted its position in shares of Truist Financial by 528.6% in the fourth quarter. Concord Asset Management LLC VA now owns 65,686 shares of the insurance provider’s stock valued at $3,232,000 after acquiring an additional 55,237 shares during the period. Institutional investors and hedge funds own 71.28% of the company’s stock.
Truist Financial Price Performance Truist Financial stock opened at $52.46 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.86 and a current ratio of 0.86. Truist Financial Corporation has a 52 week low of $40.78 and a 52 week high of $56.19. The stock has a market capitalization of $64.08 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 1.12 and a beta of 0.89. The stock has a fifty day moving average of $51.27 and a 200-day moving average of $49.82.
Truist Financial (NYSE:TFC – Get Free Report) last released its earnings results on Friday, July 17th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.15. The firm had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.24 billion. Truist Financial had a return on equity of 10.06% and a net margin of 19.13%.The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 earnings per share. On average, sell-side analysts expect that Truist Financial Corporation will post 4.58 earnings per share for the current fiscal year. Truist Financial Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 4.0%. Truist Financial’s payout ratio is 47.71%.
Insider Buying and Selling In related news, insider Donta L. Wilson sold 13,280 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $51.85, for a total transaction of $688,568.00. Following the sale, the insider owned 56,009 shares in the company, valued at $2,904,066.65. The trade was a 19.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director K. David Jr. Boyer sold 3,986 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $50.70, for a total value of $202,090.20. Following the completion of the transaction, the director owned 10,270 shares of the company’s stock, valued at $520,689. This represents a 27.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 30,516 shares of company stock worth $1,584,428 in the last three months. 0.15% of the stock is owned by corporate insiders.
Analysts Set New Price Targets A number of equities analysts recently commented on TFC shares. JPMorgan Chase & Co. raised their price target on shares of Truist Financial from $53.00 to $54.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 29th. Raymond James Financial reissued a “market perform” rating on shares of Truist Financial in a research report on Wednesday, July 1st. Citigroup cut Truist Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $63.00 to $54.00 in a report on Tuesday, June 30th. Morgan Stanley reiterated an “equal weight” rating and set a $54.00 target price (down from $62.00) on shares of Truist Financial in a research report on Monday, July 6th. Finally, Keefe, Bruyette & Woods increased their target price on Truist Financial from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Monday, July 20th. 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $54.67.
Check Out Our Latest Stock Report on TFC
Truist Financial 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.
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Key Takeaways JPMorgan's scale, diversification and earnings resilience give it the stronger overall investment setup.Truist trades at a lower forward P/E and offers a higher yield, but faces greater execution risk.JPMorgan plans a dividend hike and authorized a $50 billion buyback, strengthening shareholder returns. JPMorgan (JPM - Free Report) and Truist Financial (TFC - Free Report) represent two distinct banking stories. JPMorgan is the largest U.S. bank, combining unmatched scale, global reach and broad business diversification. Truist, meanwhile, is a major regional banking player with leading positions across attractive Southeast and Mid-Atlantic markets and a strategy centered on improving returns and growth.
The question is whether JPM’s premium valuation is justified by its stronger franchise and operating momentum, or whether TFC’s cheaper valuation and improving profitability offer greater upside. Let’s delve deeper.
JPM vs. Truist: Scale Advantage and Competitive PositioningJPMorgan’s scale remains its biggest competitive advantage, providing a massive deposit base, a powerful brand, technology spending capacity and leading positions across consumer, commercial and institutional banking. Investments in digital platforms, risk management, data analytics and artificial intelligence reinforce that edge, while its global footprint and diversified revenue streams help offset weakness in any business.
Truist has a more concentrated model. Its regional focus supports deeper client relationships in fast-growing markets and can drive deposit and loan opportunities. However, it leaves Truist more exposed to regional economic trends, deposit competition and localized credit pressures. Relative to JPMorgan, Truist has less diversification and a narrower cushion against operating setbacks.
Comparing Balance Sheet Strength and Stability of JPM & TFCJPMorgan demonstrates strong financial resilience. At the end of the second quarter of 2026, the standardized CET1 ratio was 14.1%, while average loans and deposits increased 10% and 7% year over year, respectively. As of June 30, 2026, JPMorgan had $5.02 trillion in total assets, $1.54 trillion in loans and $2.71 trillion in deposits, underscoring the depth of its balance sheet and funding base.
Truist’s balance sheet is also improving. Its second-quarter CET1 ratio rose to 10.9%, while asset-quality metrics remained solid and average deposits increased sequentially. As of June 30, 2026, Truist had $556 billion in total assets, $329.8 billion in loans and leases and $409.4 billion in deposits. Management is also optimizing lower-return lending portfolios while directing capital toward higher-return opportunities.
While Truist is financially sound and has made meaningful progress, JPMorgan offers the stronger combination of capital, diversification and earnings capacity. That makes its balance sheet better equipped to absorb volatility while continuing to fund growth.
JPMorgan & Truist’s Growth Prospects & Earnings OutlookJPMorgan 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 JPMorgan’s ability to gain share during periods of industry disruption. Its balance-sheet strength, technology platform and product set allow it to deepen relationships across consumer, corporate and institutional clients. This is reflected in earnings expectations. The Zacks Consensus Estimate for JPMorgan’s 2026 earnings implies 22.6% year-over-year growth, while 2027 earnings are expected to edge up 0.3%.
JPM’s Earnings Estimates
Image Source: Zacks Investment Research
Truist’s growth story has become less about a distant recovery and more about delivering on visible operating improvement, as evident from the first half of 2026 performance. Management continues to invest in talent, technology and higher-growth markets while targeting positive operating leverage and additional balance-sheet optimization.
Truist’s outlook depends more heavily on execution. Incoming CEO Michael Lyons takes over on Sept. 1, 2026, adding a leadership transition to the investment case even as profitability trends improve. The Zacks Consensus Estimate for TFC’s 2026 earnings suggests 16% year-over-year growth, while 2027 earnings are expected to increase 7.8%.
TFC’s Earnings Estimates
Image Source: Zacks Investment Research
JPM or TFC: Shareholder ReturnsBoth JPMorgan and Truist appeal to income-focused investors, but JPMorgan has the stronger capital-return momentum.
JPMorgan’s dividend is supported by broad earnings power, excess capital and franchise strength. In June, the bank said its board intends to raise the quarterly dividend to $1.65 per share from $1.50, effective from the third quarter. It also authorized a new $50 billion share repurchase program effective July 1, providing flexibility to return capital while continuing to invest in the franchise.
Truist offers the higher dividend yield, but its quarterly dividend remains unchanged at 52 cents per share. In 2025, it authorized a new $10 billion share repurchase program with no expiration. As of June 30, 2026, $7.7 billion remained available under the plan. Management continues to target roughly $5 billion of buybacks in 2026, signaling confidence in capital generation despite the lack of dividend growth.
Dividend Yield
Image Source: Zacks Investment Research
For income investors, Truist’s higher yield remains appealing. Yet JPMorgan’s planned dividend increase, larger earnings base and sizable new repurchase authorization provide a blend of income growth and capital-return flexibility. That broader shareholder-return profile deserves greater weight than headline yield alone.
Key Risks to Consider for JPMorgan & TruistFor JPMorgan, key risks include tighter regulation, changing capital rules, economic weakness, rising credit losses and cyclicality in investment banking and markets revenues. Its size also brings persistent regulatory and political scrutiny, while elevated expectations leave less room for disappointment.
For Truist, risks remain more execution-oriented. These include regional economic pressure, deposit competition, commercial real estate exposure, slower loan growth and the upcoming CEO transition. If operating leverage or profitability improvement stalls, its valuation discount may persist despite progress.
JPMorgan or Truist: Which Bank Stock is the Smarter Bet?So far this year, JPMorgan shares have gained 12%, outpacing Truist’s 6.8% advance. The stronger performance underscores greater investor confidence in JPMorgan’s earnings resilience, diversified growth drivers and overall growth outlook.
YTD Price Performance
Image Source: Zacks Investment Research
In terms of valuation, JPM is currently trading at a 12-month forward price-to-earnings (P/E) of 14.59X, while TFC is currently trading at a 12-month forward P/E of 10.93X.
P/E F12M
Image Source: Zacks Investment Research
That premium looks increasingly justified. JPMorgan offers superior scale, stronger earnings diversification, higher capital levels and better visibility across business cycles. Truist’s lower multiple remains attractive, but the discount also reflects greater execution risk, a more concentrated franchise and dependence on continued profitability gains.
JPMorgan now has the stronger overall setup. Its first-half results highlighted broad-based momentum, with stronger investment banking, markets, asset management, loans and deposits. Its fortress balance sheet, diversified revenue base and expanding capital returns also provide greater protection if the operating backdrop becomes less favorable.
Truist deserves credit for improving returns, growing revenues and aggressively returning capital. Its cheaper valuation and higher dividend yield can appeal to investors willing to accept more execution risk. However, the gap in franchise quality, diversification and earnings resilience remains meaningful, with JPMorgan’s stronger recent estimate picture and capital-return actions improving its risk-reward proposition.
At present, JPM carries a Zacks Rank #2 (Buy), while TFC has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Americká reklamně-technologická společnost The Trade Desk, která provozuje DSP (platformu na straně poptávky) pro nákup digitální reklamy v reálném čase, zveřejnila výsledky hospodaření za druhý kvartál roku 2026. Výnosy vzrostly meziročně pouze o 3 %, což představuje nejpomalejší tempo kvartálního růstu od covidového roku 2020, a zaostaly za konsensem trhu stejně jako za odhadem samotné společnosti. Hlavním zklamáním byl ovšem výhled na třetí kvartál, který je proti očekávání trhu nižší o zhruba 20 % a implikuje meziroční pokles výnosů. Vedení jako důvody uvádí makroekonomické tlaky u výrobců balených potravin (CPG) a automobilek, přesun části rozpočtů k levnějším formám nákupu reklamy a vlastní exekuční chyby.
Výsledky společnosti The Trade Desk (TTD) za 2Q 2026 2Q 2026 Konsensus 2Q 2026 2Q 2025 Výnosy (mil. USD) 715,1 752,4 694,0 Čistý zisk (mil. USD) 64,4 -- 90,1 Očištěný zisk na akcii (EPS, USD/akcie) 0,34 0,40 0,41 Výsledky za 2Q Výnosy ve 2Q vzrostly meziročně pouze o 3 % na 715,1 mil. USD a zaostaly za očekáváním trhu ve výši 752,4 mil. USD i vlastním očekáváním společnosti (ve výsledcích za 1Q projektovala alespoň 750 mil. USD). Jde o nejnižší tempo růstu od covidového roku 2020. Ve stejném kvartále loňského roku přitom výnosy rostly o 19 % meziročně. Výsledek za 2Q přitom podpořily i výdaje na politickou reklamu spojené s americkými midterms.
Video reklama, která zahrnuje CTV (televize připojená k internetu), tvořila nízkých 50 % byznysu, mobilní reklama měla podíl ve vysokých 20 %, display reklama představovala nízký dvouciferný podíl a audio reklama tvořila přibližně 7 % byznysu. Audio bylo již čtvrtý kvartál v řadě nejrychleji rostoucím kanálem, přičemž CTV a audio rostly dvouciferným tempem.
Očištěný zisk EBITDA meziročně klesl o 11 % na 241,3 mil. USD, konsensus počítal s 261,4 mil. USD (společnost projektovala přibližně 260 mil. USD). Očištěná EBITDA marže meziročně poklesla o 5 p. b. na 34 %.
Celkové provozní náklady vzrostly meziročně o 6,3 % na 613,5 mil. USD, projekce byly na úrovni 642,4 mil. USD.
Čistý zisk dosáhl 64,4 mil. USD a očištěný čistý zisk činil 157,6 mil. USD. Rozdíl mezi čistým a očištěným čistým ziskem je z většiny způsoben akciovými odměnami zaměstnancům (SBC), které ve 2Q činily přibližně 109,5 mil. USD (zhruba 15 % celkových výnosů).
Provozní hotovostní toky dosáhly 154 mil. USD a volné hotovostní toky 136 mil. USD. Na konci kvartálu držela společnost v hotovosti, peněžních ekvivalentech a krátkodobých investicích přibližně 1,5 mld. USD.
Míra retence zákazníků zůstala nad 95 %.
Výhled Společnost ve třetím kvartále roku 2026 očekává:
Výnosy ve výši nejméně 650 mil. USD. Trh očekával výrazně více, a to 808,4 mil. USD. Výhled implikuje meziroční pokles výnosů zhruba o 12 %. Očištěný zisk EBITDA ve výši přibližně 160 mil. USD. Wall Street projektovala více než dvojnásobnou částku 342,6 mil. USD. Návrat kapitálu akcionářům Ve 2Q společnost zpětně odkoupila akcie za 78 mil. USD. Na konci kvartálu zbývalo v rámci schváleného programu zpětných odkupů 269 mil. USD.
Komentář CEO „Tento kvartál nenaplnil standard, který si sami nastavujeme, posílil ale naši víru, že se soustředíme na správné příležitosti do budoucna,“ uvedl spoluzakladatel a generální ředitel Jeff Green. „Marketéři se pohybují ve složitém prostředí, komplexita ovšem zvyšuje hodnotu rozhodování, měření a umělé inteligence. Faktorům, které ovlivnily náš výkon, jasně rozumíme a podnikáme rázné kroky k posílení naší exekuce, k vylepšení platformy a k tomu, abychom se ještě více zaměřili na oblasti, kde dokážeme vytvořit největší hodnotu. Práce před námi je ještě dost, jsem ale přesvědčen, že naše kroky pomohou marketérům dosahovat lepších obchodních výsledků a podpoří přesun mediálních rozpočtů směrem k otevřenému internetu.“
Konferenční hovor Generální ředitel Jeff Green na konferenčním hovoru přiznal, že růst výnosů zaostal za očekáváním firmy i za standardem, který si sama klade. Slabší výkon přisoudil dvěma hlavním faktorům: makroekonomickému prostředí a nedostatečné vlastní exekuci.
Podle Greena pochází drtivá většina útrat na platformě od firem z žebříčku Fortune 500 a tito klienti dnes operují ve zcela jiném prostředí než před rokem. Sektory společností vyrábějících spotřební balené potraviny (CPG) a automobilového průmyslu, které dohromady tvoří zhruba 25 % byznysu, jsou na platformě nadproporčně zastoupeny a zároveň je nejvíce zasáhla cla a ceny ropy. Část inzerentů podle Greena pod tlakem přechází na levnější nákupní metody typu programmatic guaranteed a fixních cen, tedy se vzdává rozhodovací vrstvy výměnou za nižší cenu.
Green se rovněž vyjádřil ke vztahům s agenturami po veřejném sporu se skupinou Publicis. Uvedl, že firma na spolupráci s agenturami postavila celý byznys, všechny procházejí obdobím transformace a partnerství s Publicis, které trvá přes deset let, je nadále dobré. Veřejné spory podle něj byly v jádru vyjednáváním a jsou uzavřenou záležitostí.
Pohled analytiků Analytička Geetha Ranganathan z Bloomberg Intelligence uvedla, že výhled výnosů Trade Desku na 3Q ve výši 650 mil. USD je zhruba 20 % pod konsensem, což naznačuje, že obrat firmy ztrácí důvěryhodnost, a to navzdory urovnání sporu s Publicis a očekávanému impulzu z politické reklamy.
Analytik Andrew Marok z Raymond James snížil doporučení na „underperform“ z „market perform“ a uvedl, že toto snížení přichází po druhém kvartálu pod očekáváním a výrazně negativním výhledu na 3Q, kdy makroekonomické podmínky a příklon zadavatelů k levnějším médiím společně stlačily objem výdajů směřujících na platformu. Přestože přichází se snížením se zpožděním, domnívá se, že prostor pro další kontrakci násobků stále existuje.
Analytik Youssef Squali z Truist Securities snížil investiční doporučení na „hold“ z „buy“ a cílovou cenu na 16 USD z 35 USD a uvedl, že důvodem je zklamání ve výsledcích za 2Q i ve výhledu, které odrážejí jak makroekonomické faktory, tak interní problémy s exekucí. Cesta k oživení podle něj zabere několik kvartálů.
Vývoj akcie Akcie společnosti The Trade Desk (TTD) v předburzovní fázi obchodování oslabují o 28,07 % na 12,71 USD.
Akcie The Trade Desk (TTD) již včera oslabily o 6,8 % na 17,67 USD Ukazatel Ukazatel Kapitalizace (mld. USD) 8,3 P/E 21,6 Vývoj za letošní rok (%) -53,5 Očekávané P/E 10,9 52týdenní minimum (USD) 16,7 Prům. cílová cena (USD) 21,7 52týdenní maximum (USD) 91,5 Dividendový výnos (%) -- Zdroj: The Trade Desk, Bloomberg
Bank of America Corp DE reduced its position in shares of Truist Financial Corporation (NYSE:TFC – Free Report) by 1.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,921,435 shares of the insurance provider’s stock after selling 484,471 shares during the quarter. Bank of America Corp DE owned 3.04% of Truist Financial worth $1,743,248,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Centaurus Financial Inc. lifted its stake in shares of Truist Financial by 4.5% in the first quarter. Centaurus Financial Inc. now owns 10,255 shares of the insurance provider’s stock worth $471,000 after buying an additional 439 shares in the last quarter. Oddo BHF Asset Management Sas increased its position in shares of Truist Financial by 5.7% during the first quarter. Oddo BHF Asset Management Sas now owns 25,961 shares of the insurance provider’s stock valued at $1,193,000 after acquiring an additional 1,394 shares in the last quarter. Bull Harbor Capital LLC bought a new stake in shares of Truist Financial during the first quarter valued at approximately $254,000. Strategic Investment Advisors MI purchased a new position in Truist Financial in the 1st quarter worth approximately $1,024,000. Finally, IFS Group LLC purchased a new position in Truist Financial in the 1st quarter worth approximately $322,000. 71.28% of the stock is owned by hedge funds and other institutional investors.
Insider Activity In related news, Director K. David Jr. Boyer sold 3,986 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $50.70, for a total transaction of $202,090.20. Following the completion of the transaction, the director directly owned 10,270 shares of the company’s stock, valued at approximately $520,689. This represents a 27.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William H. Rogers, Jr. sold 13,250 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $52.36, for a total value of $693,770.00. The disclosure for this sale is available in the SEC filing. 0.15% of the stock is owned by corporate insiders.
Truist Financial Trading Down 0.6% TFC stock opened at $51.98 on Friday. Truist Financial Corporation has a 1-year low of $40.78 and a 1-year high of $56.19. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $64.76 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 0.95 and a beta of 0.89. The business has a 50 day simple moving average of $50.21 and a two-hundred day simple moving average of $49.60.
Truist Financial (NYSE:TFC – Get Free Report) last released 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 analysts’ expectations of $5.24 billion. During the same quarter last year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Research analysts anticipate that Truist Financial Corporation will post 4.59 EPS for the current fiscal year.
Truist Financial Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, August 14th. Truist Financial’s dividend payout ratio is 47.71%.
Analysts Set New Price Targets Several brokerages have commented on TFC. Evercore reiterated an “outperform” rating and set a $57.00 target price on shares of Truist Financial in a research note on Monday, July 6th. Morgan Stanley restated an “equal weight” rating and issued a $54.00 price target (down from $62.00) on shares of Truist Financial in a research note on Monday, July 6th. Keefe, Bruyette & Woods upped their price target on Truist Financial from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Monday, July 20th. Wall Street Zen downgraded Truist Financial from a “hold” rating to a “sell” rating in a research note on Monday, June 29th. Finally, UBS Group cut shares of Truist Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $58.00 to $55.00 in a research note on Tuesday, July 7th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $54.67.
Get Our Latest Research Report on Truist Financial
Truist Financial 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.
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, /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.52 per common share, payable on September 1, 2026, to shareholders of record at the close of business on August 14, 2026.
The Board also declared regular cash dividends on the following series of preferred stock:
Series of Preferred Stock
Dividend per
Share
Dividend per
Depositary
Share
Record
Date
Payment
Date
Series I Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q810)
$1,138.74533(1)
$0.28469(1)
Aug. 14
Sep. 15
Series J Non-Cumulative Perpetual Preferred Stock (CUSIP 86800XAA6)
$1,168.13422(1)
$11.68134(1)
Aug. 14 (2)
Sep. 15
Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock
(CUSIP 89832QAD1)
$833.625
$33.345
Aug. 14
Sep. 1(3)
Series O Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q745)
$328.125
$0.328125
Aug. 14
Sep. 1
Series Q Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock
(CUSIP 89832QAF6)
$637.50
$25.50
Aug. 14
Sep. 1(3)
Series R Non-Cumulative Perpetual Preferred Stock (CUSIP 89832Q695)
$296.875
$0.296875
Aug. 14
Sep. 1
Series S Non-Cumulative Perpetual Preferred Stock (CUSIP 89832QAK5)
$520.83333(1,4)
$20.83333(1,4)
Aug. 17
Sep. 15(4)
Notes:
(1) In the table, dividends per share and dividends per depositary share for Series I, Series J, and Series S are rounded to the hundred-thousandths position for the convenience of the reader.
(2) In accordance with the Amended and Restated Declaration of Trust of SunTrust Preferred Capital I, the record date for the Preferred Purchase Securities representing fractional interests in shares of Series J preferred stock will be August 31, 2026.
(3) Dividends per share and dividends per depositary share for Series N and Series Q are declared and paid semiannually.
(4) The dividend per share and dividend per depositary share for Series S reflect the initial dividend period that began on May 15, 2026, the original issuance date, and ends immediately prior to the September 15, 2026 dividend payment date. For a regular quarterly dividend period prior to the first reset date, dividends on Series S would be $390.625 per share and $15.625 per depositary share.
About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $556 billion as of June 30, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.
New role strengthens growth strategy and sales execution for serving the middle market segment
, /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that John Stucker has joined Truist as Middle Market Sales Leader, a newly created role designed to drive growth and elevate sales execution across the company's middle market banking business.
John Stucker announced as Truist as Middle Market Sales Leader. The appointment reflects Truist's continued investment in talent, strategy, and capabilities to serve middle market clients—an important and growing segment for the firm. During its second quarter earnings release, Truist reported that middle market deposits grew 12% year over year, driven by 9% growth in legacy markets and 27% growth in expansion markets such as Texas, Pennsylvania, and Ohio.
Stucker joins Truist from JPMorgan Chase, where he spent more than 25 years in commercial banking leadership roles, most recently serving as managing director and national head of multinational corporations. In that role, he led teams serving U.S. subsidiaries of foreign-owned companies and helped middle market clients expand internationally through integrated banking solutions. Earlier in his career, he led the firm's beverage industry group and served in debt capital markets, bringing broad experience across industry coverage, client strategy, and complex financing solutions.
"John Stucker's leadership experience, strategic mindset, and proven track record serving middle market and multinational clients make him an excellent addition to Truist," said Jodie Hughes, Truist's head of commercial banking. "This new role is critical to advancing our middle market growth strategy—helping us capture more share, expand across deposits, payments, and loans, and deliver a more consistent, differentiated experience for our clients."
In this role, Stucker will lead Truist's middle market growth strategy with a focus on accelerating performance, deepening client relationships, and identifying opportunities to increase market penetration.
"I'm excited to join Truist at a time of strong momentum in the middle market," said Stucker. "The opportunity to work across teams, sharpen our go-to-market approach, and help drive meaningful growth for our clients and the business is incredibly compelling. I look forward to collaborating with teammates across the firm to continue building a high-performing, purpose-driven organization."
Truist's middle market banking business is part of the 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.
Mineard joins Thomas Wilson in leading the growing industry coverage team
, /PRNewswire/ -- Truist Securities today announced the appointment of Craig Mineard as Managing Director and Co-Head of Technology, Media, and Telecom (TMT) Investment Banking. Mineard joins Co-Head Thomas Wilson in leading the firm's industry coverage team, strengthening its position in the sector.
Craig Mineard appointed as Co-Head of Technology, Media and Telecom (TMT) Investment Banking for Truist Securities. "As infrastructure expansion, artificial intelligence integration, and cross-sector convergence continue to reshape the market, expanding our talent base is critical in scaling our platform to meet our clients' evolving needs," said Tom Hackett, Chairman & Chief Executive Officer, Truist Securities. "Craig and Tom bring deep sector expertise, strong relationships, and a proven record of advising companies through complex transactions. The addition of their leadership further strengthens and enhances our ability to deliver the insights, capabilities, and execution our clients need to succeed in a rapidly changing market."
With more than 25 years of experience, Mineard joins Truist Securities from Jefferies, where he most recently served as Global Joint Head of Media, Communications, and Information Services Investment Banking. While at Jefferies, he helped build one of the leading franchises advising Data and Information Services companies in the U.S. and Europe. Based in New York, Mineard brings deep client relationships and a strong history of origination and execution in the Media and Technology sectors across middle market and large cap M&A advisory and capital markets.
"Truist Securities has built a strong, client-centered investment banking platform with deep industry expertise and a clear commitment to growth," said Mineard. "I'm excited to join Tom Wilson and the broader team to help expand our TMT coverage, deepen client relationships, and deliver thoughtful strategic advice and execution to companies navigating a rapidly evolving market."
Wilson, who joined the firm as Co-Head of TMT in May, has more than 25 years of experience. He held multiple leadership roles over the past eight years at Jefferies, most recently serving as Managing Director within the TMT Investment Banking group, helping to drive M&A and capital markets origination and execution across a variety of sectors.
"The TMT landscape is rapidly evolving, so clients need differentiated advice and strong execution more than ever," said Wilson. "Truist Securities is well positioned to help clients evaluate opportunities and execute on their most important strategic priorities. Having worked with Craig for the past nine years, I'm excited to partner with him to accelerate the strong momentum we have across our TMT franchise."
Truist Securities is the corporate and investment banking platform of Truist Financial Corporation (NYSE: TFC), a purpose-driven financial institution delivering advice and expertise to clients with care. Its TMT franchise focuses on key sectors including Artificial Intelligence, Infrastructure and Cyber Software, Application Software, FinTech, Information Services, IT/Tech Services, Internet and Digital Media, Local Media, Broadband and Fiber, Digital Infrastructure, and Music and Entertainment. Truist Securities 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 Securities
Truist Securities is the full-service corporate and investment banking arm of Truist Financial Corporation (NYSE: TFC). With a rich history extending back more than 125 years, Truist Securities offers a robust capital markets and investment banking platform that includes a comprehensive array of strategic advisory, mergers and acquisition, and capital markets capabilities for corporate and institutional clients, including sales, trading and research services in both fixed income and equity. The firm also provides corporate finance, asset finance, risk management, liquidity, and treasury management solutions to meet clients' full spectrum of financial needs. Headquartered in Atlanta, Truist Securities has offices located across the U.S. Learn more at www.truistsecurities.com.
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.
Dai ichi Life Insurance Company Ltd lowered its stake in shares of Truist Financial Corporation (NYSE:TFC – Free Report) by 20.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,650 shares of the insurance provider’s stock after selling 9,949 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Truist Financial were worth $1,823,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Pinnacle Financial Partners Inc. lifted its position in Truist Financial by 30.0% in the third quarter. Pinnacle Financial Partners Inc. now owns 174,839 shares of the insurance provider’s stock valued at $7,994,000 after acquiring an additional 40,393 shares during the last quarter. Ritholtz Wealth Management boosted its stake in Truist Financial by 91.9% in the fourth quarter. Ritholtz Wealth Management now owns 45,749 shares of the insurance provider’s stock valued at $2,251,000 after acquiring an additional 21,903 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Truist Financial by 531.8% during the first quarter. Fifth Third Bancorp now owns 436,355 shares of the insurance provider’s stock worth $20,059,000 after purchasing an additional 367,291 shares during the last quarter. LBP AM SA purchased a new position in shares of Truist Financial during the fourth quarter worth about $10,836,000. Finally, Carnegie Investment Counsel grew its holdings in shares of Truist Financial by 57.8% during the fourth quarter. Carnegie Investment Counsel now owns 105,792 shares of the insurance provider’s stock worth $5,206,000 after purchasing an additional 38,750 shares during the last quarter. Hedge funds and other institutional investors own 71.28% of the company’s stock.
Truist Financial Stock Performance Shares of TFC stock opened at $51.75 on Monday. The stock has a market capitalization of $64.48 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 0.94 and a beta of 0.89. Truist Financial Corporation has a 52-week low of $40.78 and a 52-week high of $56.19. The stock’s 50-day moving average price is $49.81 and its 200 day moving average price is $49.56. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.73.
Truist Financial (NYSE:TFC – Get Free Report) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.15. Truist Financial had a return on equity of 10.06% and a net margin of 19.13%.The company had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.24 billion. During the same period last year, the firm earned $0.91 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities research analysts forecast that Truist Financial Corporation will post 4.59 EPS for the current year.
Truist Financial Announces Dividend The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 8th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.08 annualized dividend and a dividend yield of 4.0%. Truist Financial’s dividend payout ratio (DPR) is currently 47.71%.
Analyst Ratings Changes A number of analysts have recently commented on the company. Royal Bank Of Canada lifted their target price on Truist Financial from $51.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. restated an “underweight” rating and set a $53.00 price target (down from $53.50) on shares of Truist Financial in a research note on Monday, July 20th. Weiss Ratings raised Truist Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Bank of America reaffirmed a “neutral” rating and set a $56.00 price target (up from $54.00) on shares of Truist Financial in a research report on Wednesday, July 8th. Finally, Wall Street Zen cut Truist Financial from a “hold” rating to a “sell” rating in a research note on Monday, June 29th. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $54.61.
Check Out Our Latest Stock Report on Truist Financial
Truist Financial 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.
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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.
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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.
