Truist Financial CorporationTFC
NYSE•Financial Services•Banks - Regional
Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through two segments, Consumer and Small Business Banking; and Wholesale Banking. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; credit card lending; home equity and mortgage lending; other direct retail lending; home mortgage lending; Investment brokerage services; mobile/online banking; payment solutions; point-of-sale lending; retail and small business deposit products; and small business lending. In addition, it offers asset-based lending, commercial deposit and treasury services; commercial lending; floor plan lending; derivatives; institutional trust services; insurance premium finance; international banking; investment banking and capital markets services; leasing; merchant services; mortgage warehouse lending; real estate lending; supply chain financing; and wealth management/private banking. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.
Truist Financial Corporation (TFC) reported trailing twelve months revenue of $30.47B as of March 2026, a 26.9% increase year-over-year. Quarterly revenue reached $7.41B, reflecting continued top-line momentum.
Truist Financial Corporation generated $5.53B in TTM net income, with quarterly EBITDA of $1.69B. The operating margin expanded from 20.8% to 22.8%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (22.8%) and net margin (20.0%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 17.1% a year ago, signaling stronger bottom-line efficiency.
TFC trades at a P/E of 10.2x (below the broader market average) and a P/S of 1.9x. The price-to-book ratio of 0.9x suggests the stock trades below its book value.
The company generated $679.00M in free cash flow over the trailing twelve months, a 9.0% decrease year-over-year, indicating cash generation ability. The balance sheet shows $548.98B in total assets with $41.62B in long-term debt against $64.21B in stockholders equity for a debt-to-equity ratio of 0.6. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging -38.9%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
Debt-to-equity has risen 30.8% recently — increasing financial risk even if the current ratio is manageable.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 5.3% — net buybacks are reducing shares outstanding and boosting per-share value.