At a glance
Truist Financial Corp is worth $60.13B, about 13 times its fiscal 2025 earnings. Revenue grew 53.0% to $20.32B in fiscal 2025, with 24.5% kept as profit; over 5 years it has grown 2.2% a year. It pays a 4.15% dividend yield, and returned $18.72B to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +17.2% over the past year with dividends reinvested and −0.1% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 53.6% in the 2020 crash (S&P 500: 33.7%) and 35.8% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 11 months and 40 months after the lows.
The business in plain English
Truist Financial is a bank holding company (a company that owns a bank) based in Charlotte, North Carolina, and formerly known as BB&T Corp. As of December 31, 2025, its main subsidiary, Truist Bank, chartered in 1872, was one of the 10 largest US commercial banks. It served individuals, businesses and local governments through a digital platform and 1,927 branches.
Most of Truist's revenue comes from net interest income. That is the gap between the interest it earns on loans and securities and the interest it pays on deposits and borrowings. In fiscal 2025, net interest income was $14.4 billion of $20.3 billion in total revenue. Its loans include business lending, commercial real estate and construction, mortgages, home equity, car loans made through dealers, and credit cards. The other $5.9 billion was noninterest income, mainly fees from wealth management, investment banking, treasury and merchant services, and brokerage.
Truist is organized into a consumer and small business banking segment (CSBB) and a wholesale banking segment (WB). CSBB focuses on deposits and everyday banking, including its Premier clients. WB serves middle-market and corporate clients with lending, investment banking, capital markets, wealth and payments. Deposits are concentrated in the Southeast and Mid-Atlantic. As of June 30, 2025, Florida held 22% of them, Georgia 21%, Virginia 14% and North Carolina 13%. Truist ranked first in deposit market share in Georgia.
Price history
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TFC +17.2% over the year to Nov 2, 2026, total return with dividends reinvested.
Latest results
- In Q3 FY2026 (ended Sep 30, 2026), revenue was $3.75B, down 27.8% from a year earlier, and net income was $684.0M (-49.3%).
- For fiscal 2025, revenue was $20.32B (+53.0% year over year; -2.2% a year from FY2020 to FY2025) with a 24.5% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | -2.2% weak |
|---|---|
| Return on equity | 7.6% weak |
| Net income / revenue | 24.5% watch |
| Loans | $319.87B |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $22.70B | $4.18B | — |
| FY2021 | $22.30B | $6.03B | — |
| FY2022 | $19.97B | $5.93B | — |
| FY2023 | $20.02B | $-1.45B | — |
| FY2024 | $13.28B | $4.47B | — |
| FY2025 | $20.32B | $4.97B | — |
Valuation snapshot
| Market value | $60.13B |
|---|---|
| P/E ratio | 13.1 |
| Dividend yield | 4.15% |
Rank among 1514 US companies
Market value at each year end
Truist Financial’s market value went from $38.15B at the end of 2016 to $60.13B on Nov 2, 2026, up 58%; since the end of 2025 it is down 4%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Nov 2, 2026 | $60.13B | -4.5% |
| 2025 | $62.95B | +9.3% |
| 2024 | $57.59B | +17.0% |
| 2023 | $49.24B | -13.8% |
| 2022 | $57.09B | -27.0% |
| 2021 | $78.16B | +21.0% |
| 2020 | $64.62B | +49.7% |
| 2019 | $43.16B | +29.3% |
| 2018 | $33.38B | -14.9% |
| 2017 | $39.23B | +2.8% |
| 2016 | $38.15B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| TFC price data to Nov 2, 2026 | +5.1% | +17.2% | +24.7% | -0.1% | +6.9% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +5.1% |
| 2025 | +19.0% |
| 2024 | +23.7% |
| 2023 | -8.5% |
| 2022 | -23.5% |
| 2021 | +26.1% |
| 2020 | -11.1% |
| 2019 | +34.5% |
| 2018 | -10.2% |
| 2017 | +8.7% |
| 2016 | +28.5% |
| 2015 | -0.1% |
| 2014 | +6.9% |
| 2013 | +32.7% |
| 2012 | +18.6% |
| 2011 | -1.9% |
| 2010 | +5.9% |
| 2009 | -1.9% |
| 2008 | -4.3% |
| 2007 | -27.1% |
| 2006 | +8.9% |
| 2005 | +3.4% |
| 2004 | +12.8% |
| 2003 | +8.1% |
| 2002 | +5.7% |
| 2001 | +0.2% |
| 2000 | +45.9% |
| 1999 | -29.1% |
| 1998 | +29.2% |
| 1997 | +79.6% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 62.5% over that stretch · deepest drop along the way 66.5%, back to its old high 52 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 53% over that stretch · deepest drop along the way 53.6%, back to its old high 10.6 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 28.4% over that stretch · deepest drop along the way 35.8%, back to its old high 39.8 months after the low |
Insider activity
Form 4 filings from 2025-10-30 to 2026-10-30 (25 read): 2 open-market purchases ($2.2M) and 3 sales ($1.6M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Oct 28, 2026 | Michael P. Lyons President & CEO, Director | buy | $1.2M |
| Sep 17, 2026 | Michael P. Lyons President & CEO, Director | buy | $1.0M |
| Jul 20, 2026 | William H Jr Rogers Chairman & CEO, Director | sell | $694K |
| Jul 31, 2026 | Donta L Wilson Chief Consumer & SB BK Officer | sell | $689K |
| Jul 23, 2026 | K. David Jr. Boyer Director | sell | $202K |
Who owns it
ETFs with the most weight in TFC
| IAT iShares U.S. Regional Banks ETF | 10.74% |
| KBWB Invesco KBW Bank ETF | 3.88% |
| TBG TBG Dividend Focus ETF | 3.54% |
| FLV American Century Focused Large Cap Value ETF | 3.24% |
| BAMD Brookstone Dividend Stock ETF | 2.95% |
| KRE SPDR S&P Regional Banking ETF | 2.94% |
| XVOL Acruence Active Hedge U.S. Equity ETF | 2.78% |
| PJFV PGIM Jennison Focused Value ETF | 2.62% |
What could go wrong
- Deposits concentrated in a handful of states. As of June 30, 2025, Florida held 22% of Truist's deposits, Georgia 21%, Virginia 14% and North Carolina 13%. A regional slump, extreme weather or another disaster there could hurt results.
- Profits depend heavily on interest rates. Net interest income made up $14.4 billion of Truist's $20.3 billion revenue in fiscal 2025. Rate swings have affected this income before, and its protective trades, called hedges, may not fully offset future moves.
- Keeping deposits, and keeping them cheap. Deposits fund Truist's lending. If clients move money elsewhere or Truist must pay more to keep it, funding costs could rise and profits shrink. A credit rating downgrade could also raise borrowing costs.
- Loan losses could outrun reserves. Truist lends to businesses, property owners, homebuyers and drivers. It set aside $1.9 billion for loan losses in fiscal 2025. A weaker economy or falling values of the assets backing loans could push losses higher.
- Regulators can limit dividends and buybacks. The parent company relies on dividends from Truist Bank, which laws and regulations limit. Capital and liquidity rules or supervisory action could also restrict how much cash Truist returns to shareholders.
- Technology failures, cyberattacks and new rivals. Truist relies heavily on its own systems and outside vendors. Outages or data breaches could cause losses and legal costs, while financial technology and crypto firms compete for clients, sometimes under lighter rules.
Recent events
- Executive or board change; Investor presentation or announcement
- Quarterly results released
- Investor presentation or announcement
- Bylaws or fiscal year changed
- Other company announcement
- Quarterly results released
- Executive or board change; Investor presentation or announcement
- Change to shareholder rights; Bylaws or fiscal year changed; Other company announcement
- Executive or board change; Shareholder vote results
- Other company announcement
For income and retirement investors
Truist paid $2.08 per share in dividends in fiscal 2025, unchanged since 2023, so it had no streak of annual increases. The dividend grew from $1.80 in 2020, about 2.9% a year. Dividends took 53.7% of fiscal 2025 earnings. The dividend yield (the yearly dividend as a percentage of the stock price) was 4.3% as of October 28, 2026. Truist kept paying through a $1.45 billion net loss in fiscal 2023. Buybacks rose from zero in 2023 to $1 billion in 2024 and $2.5 billion in 2025. The share count fell 9.8% between January 2022 and September 2026.
The stock has fallen hard in downturns. It dropped 66.5% in the 2008 financial crisis and took 52 months to recover. It fell 53.6% in the 2020 COVID crash and recovered within 11 months. In the 2022 bear market it fell 35.8% and did not regain its earlier peak until February 2026. Single stocks carry more risk than diversified funds.
Questions investors ask
How does Truist Financial make money?
Mostly from lending. Truist earns more interest on loans and securities than it pays on deposits and borrowings. That gap, called net interest income, was $14.4 billion of its $20.3 billion revenue in fiscal 2025. The other $5.9 billion was noninterest income, mainly fees from wealth management, investment banking and capital markets, treasury management, merchant services, brokerage and trust services. Its loans include business lending, commercial real estate, mortgages, home equity, auto loans and credit cards.
Does Truist raise its dividend every year?
No. Truist's dividend rose from $1.80 per share in 2020 to $1.86 in 2021, $2.00 in 2022 and $2.08 in 2023. It then stayed at $2.08 in fiscal 2024 and 2025, so as of fiscal 2025 it had no streak of increases. Growth averaged about 2.9% a year from 2020 to 2025. Dividends used 53.7% of fiscal 2025 earnings, and the dividend yield was 4.3% as of October 28, 2026. Truist kept paying through a net loss in fiscal 2023.
Is Truist Financial profitable?
Usually, but not always. Net income rose 11.3% to $4.97 billion in fiscal 2025, or $3.82 per share. Profits have been uneven, though. Net income was $6.03 billion in 2021, and fiscal 2023 ended with a $1.45 billion loss. Return on equity, which measures profit against shareholders' capital, was 7.6% in fiscal 2025. In the quarter ended September 30, 2026, net income fell 49.3% from a year earlier to $684 million, and revenue fell 27.8%.
How did Truist stock do in past market crashes?
It fell sharply each time. In the 2008 financial crisis, the shares dropped 66.5% from peak to low and took 52 months to regain their earlier high. In the 2020 COVID crash they fell 53.6% but recovered in about 11 months. In the 2022 bear market they fell 35.8% and did not get back to their January 2022 high until February 2026, nearly 40 months later. Bank stocks often fall hard when investors worry about loan losses and funding.
Which ETFs hold Truist stock?
Among ETFs that hold Truist, the iShares U.S. Regional Banks ETF (IAT) gives it the largest weight, about 10.7% of the fund. Others with sizable weights include the Invesco KBW Bank ETF (KBWB) at about 3.9%, the TBG Dividend Focus ETF (TBG) at about 3.5% and the SPDR S&P Regional Banking ETF (KRE) at about 2.9%. Weights change over time. Bank funds like these spread money across many lenders, though they still rise and fall with the banking industry.