Skip to Content
Morningstar

Truist Financial Corp TFC

Morningstar Rating
Unlock
Stock XNYS Rating as of
$37.97 −0.82 (2.11%)
View Full Chart
As of Delayed Price Post-Trading: $37.92 −0.04
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Truist Earnings: Expense Control Is Working and Near-Term Capital Flexibility Is Crucial to Growth

Michael Wong,

Narrow-moat-rated Truist reported net income to common shareholders of around $1.1 billion, or $0.81 per diluted share, on $4.9 billion of net revenue. An incremental $75 million FDIC special assessment charge related to the FDIC increasing its estimated loss from the March 2023 banking events, restructuring charges, and the acceleration of inventive compensation for Truist Insurance Holdings reduced earnings per share by 16%. We do not anticipate a material change to our $50 per share fair value estimate from more information regarding the sale of TIH and continue to view shares as undervalued.

Read Full Report

Price vs Fair Value

View History
TFC is trading at a 22% discount.
Price
$38.84
Fair Value
$94.00
Uncertainty
High
1-Star Price
$14.70
5-Star Price
$18.00
Economic Moat
Ntqyxt
Capital Allocation
Sdbnjzw

Bulls Say, Bears Say

Bulls

Valuations are not demanding for the banks in the current environment, and especially not for Truist. It shouldn't take much to unlock some upside.

Bears

There are few positive catalysts left for the banks. Funding costs are running higher, net interest income has likely peaked, higher regulatory scrutiny is likely, and a potential recession may be around the corner.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if TFC is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$38.79
Day Range
$37.75–38.79
52-Week Range
$25.56–39.29
Bid/Ask
$37.89 / $37.96
Market Cap
$50.81 Bil
Volume/Avg
7.2 Mil / 9.6 Mil

Key Statistics

Price/Earnings (Normalized)
10.36
Price/Sales
2.34
Dividend Yield (Trailing)
5.47%
Dividend Yield (Forward)
5.47%
Total Yield
5.47%

Company Profile

Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments, the primary one being its insurance brokerage business.
Sector
Financial Services
Industry
Banks - Regional
Stock Style Box
Mid Value
Total Number of Employees
50,832
Website
https://www.truist.com

Competitors

Valuation

View More
Metric
TFC
PNC
RF
Price/Earnings (Normalized)
 10.3611.218.88
Price/Book Value
 1.001.231.18
Price/Sales
 2.343.002.50
Price/Cash Flow
 6.198.086.43
Price/Earnings
TFC
PNC
RF

Financial Strength

Metric
TFC
PNC
RF
Quick Ratio
 ———
Current Ratio
 ———
Interest Coverage
 ———
Quick Ratio
No chart available

Profitability

Metric
TFC
PNC
RF
Return on Assets (Normalized)
 0.87%1.13%1.42%
Return on Equity (Normalized)
 8.78%14.50%14.69%
Return on Invested Capital (Normalized)
 ———
Return on Assets
TFC
PNC
RF
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Banks - Regional Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
BNPQY
BNP Paribas ADRWgxrsznzTtwx$82.2 Bil
ISNPY
Intesa Sanpaolo ADRKzfpdmqkhqDcmy$68.7 Bil
USB
U.S. BancorpVrzgldwyrKvky$64.9 Bil
PNC
PNC Financial Services Group IncLsbcxdmCfnjt$62.9 Bil
ITUB
Itau Unibanco Holding SA ADRPrnwlcwzsGdjb$56.9 Bil
MFG
Mizuho Financial Group Inc ADRFhscfgtbhKpg$49.9 Bil
LYG
Lloyds Banking Group PLC ADRPzrrlvqdtTxcbfp$40.1 Bil
DB
Deutsche Bank AGMkxjLgwm$32.8 Bil
NWG
NatWest Group PLC ADRGvjhpFgmr$31.1 Bil

Sponsor Center