TFC US S&P 500Russell 1000 Earnings call
Truist Financial (TFC) · Q2 2026 results and valuation
Share price: $50.26 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 17 Jul 2026 and 17 Apr 2026
Management sounded upbeat, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
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No financial figures for this pair
Guidance cut
2 · How management spoke
Upbeat
More upbeat than 69% of company calls
Answers to analysts: typical, in line with the script.
Similar to last call.
3 · What stood out
Guidance ↓
Revenue guidance trimmed modestly, but profit targets above 14% and per-share earnings for 2026 are unchanged.
Valuation
Is Truist Financial undervalued?
Reverse DCF on net income from the last full fiscal year (no meaningful free cash flow: a bank, insurer or a year of negative cash flow) (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At 10.0% growth a year (the standard assumption), the model's fair value is $92.66 a share — the stock trades 46% below it. Today's price assumes 1.1% growth a year.
Current price
$50.26
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+1.1% for 10 yrs
Fair value / share
$92.66
Buy below
$69.50
Price vs fair value
Undervalued 46%
Price vs buy-below price
Undervalued 28%
Management expects
Growth +1.25% · from the Q2 2026 report: “Net interest income is now expected to rise approximately 1%-1.5%.”
A guidance figure for growth, usually one year ahead, not a 10-year free-cash-flow rate.
Read between the lines
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Key theme
Management stated they feel really good because the company is extremely well-positioned for the future.
Source quote
“I feel really good about the baton I think we're just really extremely well-positioned.”
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Guidance
Net interest income is now expected to rise approximately 1%-1.5%.
Source quote
“As shown on the right-hand side of the slide, we now expect net interest income to increase approximately 1%-1.5%.”
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Figure
TFC reported net income available to common shareholders of $1.5 billion, or $1.23 per diluted share, for the Q2 period.
Source quote
“For the Q2, we delivered net income available to common shareholders of $1.5 billion, or $1.23 per diluted share, representing...”
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Fading
Truist Financial's net interest income outlook still assumes 3% to 4% average loan growth and the continued benefit from fixed rate…
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“Over the last several quarters, we've been clear about the actions we're taking to drive stronger returns, improve efficiency, and allocate capital to the highest value opportunities across the company.”
“We continue to identify efficiencies across the company that can be redeployed into growth initiatives and the highest return opportunities, such as growth in revenue-producing teammates, new products, and capabilities...”
“Average wholesale loans increased 8% compared with the Q2 of 2025, reflecting broad-based momentum across our industry banking, middle market, and commercial real estate teams as we continue to prioritize...”
Full figures
USD · ROIC.AI fundamentals (NYSE:TFC, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | — | 5.15B | 4.99B | ||
| Net income | — | 1.48B | 1.24B | ||
| EPS | — | 1.10 | 0.91 | ||
| P/E today 10.7 | 11.5 | 11.4 | +0.1 | 11.6 | −0.1 |
Topics
Most discussed now
- Truist Financial's CET1 ratio increased by 10 basis points linked-quarter to 10.9%.
- GAAP non-interest expense increased 2.4% versus the Q1 of 2026, primarily due to higher personnel expense in professional and outside...
- At Truist, Truist Financial's purpose is to inspire and build better lives and communities.
- He shares Truist Financial's commitment to building a high-performing company by serving its clients and teammates, improving profitability…
- End-of-period loans increased modestly linked-quarter, reflecting slight growth in both commercial and consumer.
Faded since Q1 2026
- Fading Under the newly proposed capital rules, Truist Financial estimates that risk-weighted assets could decline by 9% under the revised…
- Dropped One example of this is Truist Financial's project finance business, which is a client-focused platform that provides financial advice and…
- Fading This is why teammates want to come, be part of this investment banking business and be part of Truist Financial's core...
- Fading From a financial perspective, there are aspects of this business that generate returns somewhat differently than Truist Financial's other…
Latest announcements
Official filings, newest first.
- Regulation FD disclosure · SEC 8-K
- Articles or bylaws amended · SEC 8-K
- Other events · SEC 8-K
- Results of operations · SEC 8-K
- Director or officer change; Regulation FD disclosure · SEC 8-K
- Director or officer change; Regulation FD disclosure · SEC 8-K
- Change to shareholder rights; Articles or bylaws amended; Other events · SEC 8-K
- Director or officer change; Shareholder vote results · SEC 8-K