NYSE: TFC
Truist Financial
Financials · National Commercial Banks
52-week range
$43.13$56.20
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$55.5B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $38.0B |
| FY2017, ended Dec 31, 2017 | $38.7B |
| FY2018, ended Dec 31, 2018 | $33.1B |
| FY2019, ended Dec 31, 2019 | $75.6B |
| FY2020, ended Dec 31, 2020 | $64.6B |
| FY2021, ended Dec 31, 2021 | $77.8B |
| FY2022, ended Dec 31, 2022 | $57.1B |
| FY2023, ended Dec 31, 2023 | $49.3B |
| FY2024, ended Dec 31, 2024 | $56.6B |
| FY2025, ended Dec 31, 2025 | $61.5B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $55.5B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$19.4B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $10.8B |
| FY2017, ended Dec 31, 2017 | $11.3B |
| FY2018, ended Dec 31, 2018 | $11.6B |
| FY2019, ended Dec 31, 2019 | $12.6B |
| FY2020, ended Dec 31, 2020 | $22.7B |
| FY2021, ended Dec 31, 2021 | $22.3B |
| FY2022, ended Dec 31, 2022 | $20.0B |
| FY2023, ended Dec 31, 2023 | $20.0B |
| FY2024, ended Dec 31, 2024 | $13.3B |
| FY2025, ended Dec 31, 2025 | $20.3B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $19.4B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $2.26B | — |
| FY2017, ended Dec 31, 2017 | $2.22B | — |
| FY2018, ended Dec 31, 2018 | $3.06B | $3.99B |
| FY2019, ended Dec 31, 2019 | $3.03B | $1.30B |
| FY2020, ended Dec 31, 2020 | $4.18B | $6.62B |
| FY2021, ended Dec 31, 2021 | $6.03B | $7.45B |
| FY2022, ended Dec 31, 2022 | $5.93B | $10.5B |
| FY2023, ended Dec 31, 2023 | −$1.45B | — |
| FY2024, ended Dec 31, 2024 | $4.47B | — |
| FY2025, ended Dec 31, 2025 | $4.97B | — |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $4.87B | — |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$45.5B
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $4.28B |
| FY2017, ended Dec 31, 2017 | $2.96B |
| FY2018, ended Dec 31, 2018 | $3.84B |
| FY2019, ended Dec 31, 2019 | $19.1B |
| FY2020, ended Dec 31, 2020 | $18.9B |
| FY2021, ended Dec 31, 2021 | $20.3B |
| FY2022, ended Dec 31, 2022 | $21.4B |
| FY2023, ended Dec 31, 2023 | $30.6B |
| FY2024, ended Dec 31, 2024 | $39.8B |
| FY2025, ended Dec 31, 2025 | $36.4B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $45.5B |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$65.8B
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $23.4B |
| FY2017, ended Dec 31, 2017 | $28.6B |
| FY2018, ended Dec 31, 2018 | $28.9B |
| FY2019, ended Dec 31, 2019 | $59.6B |
| FY2020, ended Dec 31, 2020 | $45.7B |
| FY2021, ended Dec 31, 2021 | $41.2B |
| FY2022, ended Dec 31, 2022 | $66.6B |
| FY2023, ended Dec 31, 2023 | $63.7B |
| FY2024, ended Dec 31, 2024 | $64.2B |
| FY2025, ended Dec 31, 2025 | $69.8B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $65.8B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Up 48.3% since 2016.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.1.20B
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 808M |
| FY2017, ended Dec 31, 2017 | 778M |
| FY2018, ended Dec 31, 2018 | 764M |
| FY2019, ended Dec 31, 2019 | 1.34B |
| FY2020, ended Dec 31, 2020 | 1.35B |
| FY2021, ended Dec 31, 2021 | 1.33B |
| FY2022, ended Dec 31, 2022 | 1.33B |
| FY2023, ended Dec 31, 2023 | 1.33B |
| FY2024, ended Dec 31, 2024 | 1.31B |
| FY2025, ended Dec 31, 2025 | 1.25B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | 1.20B |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Net: $4.28B more bought back than issued
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| Period | Bought back | Paid to employees | Used in acquisitions |
|---|---|---|---|
| FY2016, ended Dec 31, 2016 | $520M | $115M | $1.06B |
| FY2017, ended Dec 31, 2017 | $1.61B | $132M | $0 |
| FY2018, ended Dec 31, 2018 | $1.21B | $141M | $0 |
| FY2019, ended Dec 31, 2019 | $0 | $165M | $33.5B |
| FY2020, ended Dec 31, 2020 | $0 | $353M | $0 |
| FY2021, ended Dec 31, 2021 | $1.62B | $320M | $0 |
| FY2022, ended Dec 31, 2022 | $250M | $261M | — |
| FY2023, ended Dec 31, 2023 | $0 | $298M | $1.41B |
| FY2024, ended Dec 31, 2024 | $1.00B | $292M | — |
| FY2025, ended Dec 31, 2025 | $2.50B | $317M | — |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $4.28B | — | — |
Revenue (TTM)
$19.4B
−3.6% YoY
Net income (TTM)
$4.87B
−0.7% YoY
Cash
$45.5B
+23.4% YoY
Total debt
$65.8B
−7.5% YoY
Valuation
At current price- Market Cap
- $58.5B
- P/E
- 12.0×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 3.0×
- Price / Book
- 1.0×
- EV / EBITDA
- —. (Market cap + debt − cash) / EBITDA (TTM)
Growth
Trailing 12 months- Revenue (TTM)
- $19.4B
- Revenue Growth YoY
- −3.6%
- Revenue CAGR 3Y
- 0.6%
- Revenue CAGR 5Y
- −2.2%
- EPS Growth YoY
- 3.7%
- Net Income Growth YoY
- −0.7%
Profitability
Trailing 12 months- Gross Margin
- —
- Operating Margin
- —
- Net Margin
- 25.1%
- FCF Margin
- —. Free cash flow / revenue
- Return on Equity
- 7.7%
Earnings
Trailing 12 months- Net Income
- $4.87B
- EPS (diluted)
- $3.88
- EBITDA
- —. Operating income + depreciation & amortization
- Operating Income
- —
Balance Sheet
As of Sep 30, 2026- Cash and cash equivalents
- $45.5B
- Total Debt
- $65.8B
- Net Debt
- $20.3B
- Total Assets
- $554B
- Total Liabilities
- $493B
- Shareholders' Equity
- $61.5B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $6.06B
- Capital Expenditure
- —
- Free Cash Flow
- —. Operating cash flow − capital expenditure
Dividends and risk
Last 12 months- Dividend Yield
- 4.3%
- Dividend / Share
- $2.08
- Beta (5Y)
- 0.92
Every ratio is calculated from the company’s reported figures.
Note
Revenue is roughly flat year over year at $19.4B.
Note
Net margin of 25.1% over the last 12 months.
Strength
Share count is down 6.3% in a year, from buybacks.
Note
Pays a 4.3% dividend yield.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-Q for the quarter ended Sep 30, 2026 · filed Oct 28, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K74Good news
74Good news
10-K for the fiscal year ended Dec 31, 2025
Filed Feb 24, 2026 · Read the filing on EDGAR
- Net income to common shareholders rose 11% to $5.0 billion ($3.82 per share). Total revenue rose 53% to $20.3 billion, mostly because 2024 included a $6.7 billion loss on bond sales.
- Loans grew 7.3% and deposits grew 2.5%. Net charge-offs fell to 0.54% of loans, but nonperforming business (C&I) loans rose to $839 million from $521 million.
- Truist returned $5.2 billion to shareholders and approved a new $10 billion buyback. Its CET1 capital ratio fell to 10.8% from 11.5%.
- Consumer banking profit fell 17.8%, while Wholesale Banking profit rose 6.4%. Investment banking and trading income fell 5.6%.
Business momentum
Strong improvement
“Net income to common shareholders totaled $5.0 billion, or $3.82 per share, for 2025, compared to $4.5 billion, or $3.36 per share, for the prior year.”
Outlook
Positive
“By successfully executing on them, we seek to accelerate revenue growth, drive greater positive operating leverage, and return more capital to shareholders, all while maintaining our risk discipline.”
Financial stress
Low
“At December 31, 2025, Truist Bank’s available secured borrowing capacity represented approximately 4.8 times the amount of wholesale funding maturities in one year or less.”
Tone against the previous report
More positive
Red flags
- Minor
Major lawsuit
“an incremental accrual related to executing a settlement agreement in a specific legal matter of $130 million ($99 million after-tax, or $0.08 per share)”
Positives
Strong loan growth
“Loans and leases HFI were $328.6 billion at December 31, 2025, up $22.2 billion compared to 2024.”
Lower loan losses
“The net charge-off ratio for the year ended December 31, 2025 was 0.54%, down five basis points compared to the prior year.”
Bigger payouts to shareholders
“In December 2025, we announced that the Board authorized the repurchase of up to $10.0 billion of common stock effective immediately with no expiration date”
Concerns
Capital cushion shrank
“Truist’s CET1 ratio was 10.8% as of December 31, 2025, down 70 basis points since December 31, 2024”
Consumer banking profit fell
“CSBB net income was $2.5 billion for the year ended December 31, 2025, a decrease of $546 million compared to the prior year.”
Wholesale Banking goodwill still at risk
“if the discount rate increased 100 basis points, with other cash flow assumptions unchanged, the reporting unit’s fair value would be less than its carrying value”
New risks since the previous report
Growing lending to non-bank financial firms
“including with respect to any increase in its nonbank financial institution lending activities”
Rising problem business loans
“Nonperforming assets totaled $1.6 billion at December 31, 2025, up $156 million compared to December 31, 2024 due to an increase in the commercial and industrial and residential mortgage portfolios”
Stablecoins and digital assets could pull deposits away
“deposits and other traditional banking products could be significantly disrupted by an increase in the adoption and use of digital assets, stablecoins, cryptocurrencies, tokenization”
Operational risk from expanding AI use
“The Company’s expanding use of AI tools and related technologies introduces additional operational risks, including reliance on data integrity and model performance”
Biggest risks named
- Interest rate changes hurting margins and bond values
- Credit losses in business, auto and consumer loans
- Deposit competition and funding costs
- Possible goodwill write-down in Wholesale Banking
- Technology, cyber and AI failures
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +12 | |
| Outlook | +3 | |
| Tone against the previous report | +2 | |
| Financial stress | 0 | |
| Red flags | −1.2 | |
| New risks | −2 | |
| Score | 74 | |
Written by AI (Claude Opus 5.5) from the report’s text. 14 of 14 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-Q | Oct 28, 2026 | Pro | |||
| 10-K | Feb 24, 2026 | 74 | Strong improvement | 1 minor | |
| 10-K | Feb 25, 2025 | 55 | Mixed | 1 medium | |
| 10-K | Feb 27, 2024 | 29 | Sharp deterioration | 1 medium1 minor | |
| 10-K | Feb 28, 2023 | 56 | Stable | None | |
| 10-K | Feb 23, 2022 | 69 | Improving | None | |
| 10-K | Feb 24, 2021 | 71 | Strong improvement | 1 minor | |
| 10-K | Mar 3, 2020 | 63 | Improving | 1 minor | |
| 10-K | Feb 26, 2019 | 71 | Strong improvement | 1 minor | |
| 10-K | Feb 21, 2018 | 62 | Improving | 2 minor |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Sep 30, 2026), filed Oct 28, 2026. View filings on SEC EDGAR