Analyst Consensus ?
ConsensusHold53 ratings
Bullish2649.0%
Neutral2445.3%
Bearish35.7%
Truist Financial Corporation · TFC · FY2026 Q1 · Calendar Q2 2026
Truist raises ROTCE target as fee growth offsets softer NII outlook
Truist's Q1 analysis supports a constructive operating thesis: resilient loan and fee growth, digital investment, and stronger capital-return plans can improve returns. The main counterweights are softer net interest income growth, deposit competition, credit quality, and regulatory uncertainty.
Reported Before market openNYSEFinancial Services
$58.56B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.09
Consensus $1.00
EPS surprise
+9.3%
Reported versus consensus
Reported revenue
$5.20B
Consensus $5.18B
Revenue surprise
+0.4%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+2.3%
Event window
SPY move
+1.2%
Same window
Abnormal move
+1.1%
Stock minus SPY
Volume
1.3×
Versus trailing sessions
Subsequent drift
-7.1%
Up to 20 sessions
TFCSPY benchmark
Ask FN2 about TFC FY2026 Q1
Transcript, numbers and history already loaded
Why did TFC rise 2.3% after beating EPS estimates in FY2026 Q1?What changed in TFC's guidance and outlook in FY2026 Q1?Give me the bull and bear case for TFC after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, management raised its long-term ROTCE ambition to 16%-18% from a prior 15% 2027 goal, increased the 2026 repurchase target to $5 billion from $4 billion, and lowered 2026 net interest income growth guidance to 2%-3%. The strategic emphasis on loan growth, fee businesses, AI, and digital platforms continued.
Guidance delta
Net interest income growth guidance was lowered to 2%-3% for 2026 after the Fed funds rate remained unchanged; high-single-digit noninterest-income growth was maintained as the offset.
Key takeaways
- Management reported strong Q1 performance, with net income of $1.4 billion and EPS up 25% year over year.
- The long-term ROTCE target increased to 16%-18%, while the 2026 target is 14%.
- The 2026 share-repurchase program increased to $5 billion from the prior $4 billion target.
- Commercial lending, investment banking, wealth management, and digital initiatives remain central growth drivers.
Management priorities
- Expand AI capabilities across consumer, small-business, and wholesale banking.
- Grow high-margin loan portfolios and fee-based businesses.
- Continue investment in Truist Insights and Truist Assist.
- Deliver the 16%-18% long-term ROTCE target.
- Maintain strong capital returns, including the increased repurchase program.
Follow TFC with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$47.18Current
$36Low
$56.74Average
$136High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 25, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Underweight | Underweight | Maintain | Jul 29, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | Jul 21, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Jul 21, 2026 |
| Keefe, Bruyette & Woods | Market Perform | Market Perform | Maintain | Jul 20, 2026 |
| Baird | Neutral | Neutral | Maintain | Jul 20, 2026 |
| B of A Securities | Neutral | Buy | Downgrade | Jul 8, 2026 |
| UBS | Neutral | Buy | Downgrade | Jul 7, 2026 |
| Morgan Stanley | Equal Weight | Overweight | Downgrade | Jul 6, 2026 |
| Raymond James | Market Perform | Outperform | Downgrade | Jul 1, 2026 |
| Citigroup | Neutral | Buy | Downgrade | Jun 30, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Apr 20, 2026 |
| Argus Research | Buy | Buy | Maintain | Jan 23, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jan 22, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Jan 22, 2026 |
| Barclays | Underweight | Equal Weight | Downgrade | Jan 5, 2026 |
| Wells Fargo | Equal Weight | Overweight | Downgrade | Aug 21, 2025 |
| Compass Point | Buy | Buy | Maintain | Dec 10, 2024 |
| Goldman Sachs | Buy | Buy | Maintain | Nov 26, 2024 |
| Wolfe Research | Peer Perform | Underperform | Upgrade | Aug 9, 2024 |
| HSBC | Hold | Hold | Maintain | May 8, 2024 |
| Stephens& Co. | Overweight | Overweight | Maintain | Apr 23, 2024 |
| Jefferies | Hold | Hold | Maintain | Apr 8, 2024 |
| Odeon Capital | Buy | Hold | Upgrade | Dec 14, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Jul 20, 2023 |
| Deutsche Bank | Hold | Buy | Downgrade | Jan 6, 2023 |
| CFRA | Buy | Buy | Maintain | Apr 21, 2020 |
| Janney Montgomery Scott | Neutral | Neutral | Maintain | Apr 9, 2020 |
| Janney Capital | Neutral | Neutral | Maintain | Apr 9, 2020 |
| BMO Capital | Outperform | Outperform | Maintain | Feb 11, 2019 |
| Bank of America | Buy | Neutral | Upgrade | Feb 8, 2019 |
| B. Riley FBR | Buy | Buy | Maintain | Jul 20, 2018 |
| Hilliard Lyons | Buy | Neutral | Upgrade | Apr 23, 2018 |
| Edward Jones | Buy | Hold | Upgrade | Apr 11, 2018 |
| Macquarie | Neutral | Underperform | Upgrade | Aug 4, 2017 |
| Keefe Bruyette & Woods | Perform | Market Perform | Maintain | Oct 19, 2016 |
| FBR Capital | Perform | Outperform | Downgrade | Oct 11, 2016 |
| CLSA | Outperform | Outperform | Maintain | Sep 23, 2016 |
| Sandler O'Neill | Hold | Buy | Downgrade | Jun 29, 2016 |
| SunTrust Robinson Humphrey | Outperform | Neutral | Upgrade | May 16, 2016 |
| Fig Partners | Outperform | Market Perform | Upgrade | May 10, 2016 |
| PiperJaffray | Underweight | Neutral | Downgrade | Mar 28, 2016 |
| Guggenheim | Buy | Neutral | Upgrade | May 26, 2015 |
| Susquehanna | Neutral | Neutral | Maintain | May 11, 2015 |
| Argus | Buy | Buy | Maintain | Apr 8, 2015 |
| Miller Tabak | Buy | Hold | Upgrade | Mar 9, 2015 |
| Rafferty | Hold | Buy | Downgrade | Dec 30, 2014 |
| Sterne Agee | Buy | Neutral | Upgrade | Oct 27, 2014 |
| Bernstein | Perform | Market Perform | Maintain | Oct 7, 2014 |
| Wunderlich | Buy | Buy | Maintain | Jan 16, 2014 |
| ISI Group | Neutral | Neutral | Maintain | Oct 7, 2013 |
| Oppenheimer | Outperform | Market Perform | Upgrade | Oct 1, 2013 |
| Evercore Partners | Overweight | Equal Weight | Upgrade | Jun 10, 2013 |
| Drexel Hamilton | Buy | Buy | Maintain | Oct 2, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $47.18. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Stephens | Analyst unavailable | $57 | $51 | +20.8% | Jul 21, 2026 |
| Robert W. Baird | Analyst unavailable | $56 | $52.5 | +18.7% | Jul 20, 2026 |
| Evercore ISI | John Pancari | $57 | $51.1 | +20.8% | Jul 6, 2026 |
| Truist Financial | Benjamin Gerlinger | $54 | $50.58 | +14.5% | Jun 30, 2026 |
| Truist Financial | Analyst unavailable | $59 | $49.78 | +25.1% | Jun 15, 2026 |
| Morgan Stanley | Analyst unavailable | $62 | $51.02 | +31.4% | Apr 20, 2026 |
| RBC Capital | Analyst unavailable | $53 | $50.91 | +12.3% | Apr 20, 2026 |
| Jefferies | Analyst unavailable | $45 | $50.56 | -4.6% | Apr 17, 2026 |
| Truist Financial | Analyst unavailable | $69 | $51.9 | +46.2% | Feb 17, 2026 |
| Evercore ISI | Analyst unavailable | $64 | $55.03 | +35.7% | Feb 5, 2026 |
| Argus Research | Analyst unavailable | $58 | $50.58 | +22.9% | Jan 23, 2026 |
| Piper Sandler | Analyst unavailable | $53 | $50.02 | +12.3% | Jan 22, 2026 |
| Truist Financial | Analyst unavailable | $50 | $50.51 | +6.0% | Jan 7, 2026 |
| Raymond James | Analyst unavailable | $56 | $51.18 | +18.7% | Jan 7, 2026 |
| Truist Financial | John Pancari | $58 | $50.4 | +22.9% | Jan 6, 2026 |
| Goldman Sachs | Analyst unavailable | $58 | $50.42 | +22.9% | Jan 6, 2026 |
| Truist Financial | Jason Goldberg | $56 | $49.74 | +18.7% | Jan 5, 2026 |
| UBS | Analyst unavailable | $55 | $43.45 | +16.6% | Oct 21, 2025 |
| Piper Sandler | Analyst unavailable | $48 | $42.6 | +1.7% | Oct 20, 2025 |
| Morgan Stanley | Analyst unavailable | $55 | $42.6 | +16.6% | Oct 20, 2025 |
| Evercore ISI | Analyst unavailable | $50 | $45.92 | +6.0% | Sep 30, 2025 |
| Morgan Stanley | Analyst unavailable | $54 | $46.02 | +14.5% | Sep 29, 2025 |
| Argus Research | Analyst unavailable | $43 | $35.31 | -8.9% | Apr 21, 2025 |
| Truist Financial | Analyst unavailable | $52 | $43.11 | +10.2% | Mar 5, 2025 |
| RBC Capital | Gerard Cassidy | $46 | $42.95 | -2.5% | Oct 18, 2024 |
| Stephens | Terry McEvoy | $50 | $41.63 | +6.0% | Sep 10, 2024 |
| Piper Sandler | Scott Siefers | $43 | $44.22 | -8.9% | Sep 3, 2024 |
| Argus Research | Stephen Biggar | $51 | $43.78 | +8.1% | Jul 23, 2024 |
| Wolfe Research | Bill Carcache | $45 | $43.78 | -4.6% | Jul 22, 2024 |
| Evercore ISI | John Pancari | $48 | $43.78 | +1.7% | Jul 22, 2024 |
| Truist Financial | David George | $45 | $42.44 | -4.6% | Jul 17, 2024 |
| Stephens | Terry McEvoy | $47 | $40.18 | -0.4% | May 16, 2024 |
| Barclays | Jason Goldberg | $43 | $40.18 | -8.9% | May 16, 2024 |
| Piper Sandler | Scott Siefers | $41 | $39.48 | -13.1% | May 14, 2024 |
| Truist Financial | David Rochester | $42 | $38.96 | -11.0% | Apr 23, 2024 |
| Truist Financial | Ebrahim Poonawala | $43 | $37.16 | -8.9% | Jan 4, 2024 |
| Truist Financial | David Konrad | $36 | $28.37 | -23.7% | Sep 20, 2023 |
| Truist Financial | Terry McEvoy | $53 | $49.39 | +12.3% | Jan 31, 2023 |
| Goldman Sachs | Analyst unavailable | $51 | $44.08 | +8.1% | Sep 30, 2022 |
| Truist Financial | Youssef Squali Squali | $136 | $43.97 | +188.3% | Sep 30, 2022 |
| Truist Financial | Stephen Scouten | $55 | $43.04 | +16.6% | Sep 28, 2022 |
| Deutsche Bank | Analyst unavailable | $61 | $49.33 | +29.3% | Sep 12, 2022 |
| Morgan Stanley | Analyst unavailable | $56 | $47.4 | +18.7% | Jul 12, 2022 |
| Goldman Sachs | Analyst unavailable | $57 | $49.13 | +20.8% | May 31, 2022 |
| Evercore ISI | John Pancari | $74 | $64.11 | +56.8% | Jan 19, 2022 |
| Piper Sandler | Stephen Scouten | $72 | $66.68 | +52.6% | Jan 18, 2022 |
| Barclays | Jason Goldberg | $72 | $59.96 | +52.6% | Jan 3, 2022 |
| Wells Fargo | Mike Mayo | $76 | $59.17 | +61.1% | Oct 4, 2021 |
| Citigroup | Keith Horowitz | $72 | $59.34 | +52.6% | Oct 1, 2021 |
| KBW | David Konrad | $49 | $53.18 | +3.9% | Jul 6, 2021 |
| Compass Point | Dave Rochester | $67 | $59.8 | +42.0% | May 18, 2021 |
Track every rating change on TFC the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationTruist Financial Corporation operates as a diversified financial holding company, providing an extensive array of banking and trust services throughout the Southeastern and Mid-Atlantic regions of the United States. Its business activities are structured across three main segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. The corporation offers a broad spectrum of deposit products, including both interest-bearing and noninterest-bearing checking accounts, savings accounts, money market deposit accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs). Beyond deposit services, Truist delivers a comprehensive suite of financial solutions. These include various lending options such as automobile, bankcard, consumer, home equity, mortgage, small business, and student loans, alongside specialized commercial financing for areas like floor plan, real estate, and mortgage warehousing, as well as lease and supply chain financing.…
Historical context
All TFC earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| PUK Prudential plc | FY2026 Q2 · Calendar Q3 2026 | -40.9% | -0.5% | Prudential sustains growth and capital returns focus in H1 2026 |
| CM Canadian Imperial Bank of Commerce | FY2026 Q3 · Calendar Q3 2026 | +8.9% | -2.8% | CIBC Q3: Broad growth, resilient credit and expanded AI rollout |
| TD The Toronto-Dominion Bank | FY2026 Q3 · Calendar Q3 2026 | +13.8% | +1.4% | TD emphasizes growth investments alongside disciplined capital management |
| RY Royal Bank of Canada | FY2026 Q3 · Calendar Q3 2026 | +6.2% | -1.3% | RBC reports record Q3 earnings while investing for growth |
| AFRM Affirm Holdings, Inc. | FY2026 Q4 · Calendar Q3 2026 | +1230.3% | +0.3% | Affirm's most profitable quarter shifts focus to product execution |
Latest beats and misses
Who reports nextBeat on EPS
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
Get the TFC recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-24T23:10:55.568515+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-24T23:10:55.566040+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-24. For educational purposes only; not investment advice.