TFC
Truist Financial Corporation
September 16, 2026 · market open
- Rarity
- 1.84
- Peak move
- −5.53%
- Float cap
- $63.6B
Truist Financial Corporation is a financial services company headquartered in Charlotte, North Carolina. It provides consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending. Through Truist Bank and its digital platform and branches, it serves individuals, businesses, municipalities, and wholesale clients.
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What we found
9 events · 1 from SEC or newswire · 0 timed with the moveguidance_changeTruist CFO Mike Maguire said the Q3 and full-year 2026 outlook is unchanged, including ~1.5% Q3 and 1%-1.5% full-year net interest income growth and a $5 billion 2026 share-repurchase target, with the Regional Acceptance sale cutting net interest margin by 4-5 bps.
analyst_ratingBarclays maintained a Sell rating on Truist Financial with a $56 price target on September 16, 2026.
executive_remarkTruist CFO Mike Maguire said at the Barclays Global Financial Services Conference that a lot of urgency and intensity had been added to the bank's ongoing strategic review under new CEO Mike Lyons, with further divestitures possible.
analyst_ratingRBC Capital Markets analyst Gerard Cassidy wrote that new CEO Mike Lyons has moved swiftly in his first 15 days and said further divestitures are likely as Truist repositions for growth over the next three years.
operating_metricsTruist disclosed that non-performing indirect auto loans reached $569 million in the second quarter, about one-third of its total non-accruing assets, as it exited the Regional Acceptance near-prime auto lending business.
reg_fd_disclosureTruist furnished an 8-K (Item 7.01) with disclosure material for CFO Mike Maguire's September 15, 2026 Barclays Global Financial Services Conference presentation, covering a signed deal to sell $5.5 billion of Regional Acceptance auto loans, tied to its exit from near-prime auto lending, and the transaction's potential financial impacts and illustrative uses of proceeds.
- Key event
spinoff_divestitureTruist Financial agreed to sell $5.5 billion of near-prime auto loans, substantially all assets of its Regional Acceptance Corporation unit, expecting $5.2 billion net proceeds and a $535 million loan-loss reserve recapture, with closing expected late Q3 or early Q4 2026.
- Key event
reg_fd_disclosureTruist furnished a Form 8-K and conference slide disclosing the Regional Acceptance auto-loan sale, $5.2B net proceeds, $535MM loan-loss reserve recapture, $945MM/22bps CET1 capital creation, plans to repay wholesale borrowings, and an AFS securities repositioning, filed Sept 15, 2026.
- Key event
executive_remarkTruist CFO Mike Maguire said at the Barclays Global Financial Services Conference that the bank is not backing off its 16%-18% long-term return on tangible common equity target and sees a path to 15% ROTCE in 2027.