TFC
Truist Financial Corporation
October 16, 2026 · pre-market
- Rarity
- 1.75
- Peak move
- −4.43%
- Float cap
- $58.7B
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
10 events · 0 from SEC or newswire · 3 timed with the move- Key eventTimed with the move
earnings_releaseTruist Financial Corporation reported third quarter 2026 results with adjusted EPS of $1.16 beating the $1.14 consensus and adjusted revenue of $5.30 billion, while reported revenue of $3.75 billion missed the $5.35 billion consensus after a $1.45 billion loss on available-for-sale securities sales and a $66 million Regional Acceptance Corporation loan-sale loss; investors can access the live earnings call via webcast or dial-in.
- Key eventTimed with the move
guidance_changeTruist guided Q4 2026 revenue on a taxable-equivalent basis to approximately $5.35 billion, reflecting the Regional Acceptance Corporation loan sale and AFS securities repositioning, with noninterest expenses up about 2.5% from Q3's $3.1 billion, a net charge-off ratio of about 0.45%, and roughly $1 billion of share repurchases expected.
- Timed with the move
executive_appointmentTruist announced leadership appointments: D. Steve Boland, formerly Bank of America chief administrative officer, as vice chair; Shimna Sameer as chief consumer banking officer; and Jeff Warner from PNC as chief small business banking officer, all reporting to CEO Mike Lyons, as the company sharpens strategic priorities and invests for its next phase of growth.
ceo_cfo_departureDontá Wilson, Truist's chief consumer and small business banking officer, is leaving the bank as Truist realigns its consumer and small business banking leadership under CEO Mike Lyons.
buybackTruist declared a common dividend of $0.52 per share during the third quarter of 2026 and repurchased $1.2 billion of common stock in the quarter.
peer_disclosurePNC Financial reported Q3 2026 adjusted EPS of $5.09, beating the $4.98 consensus, with net interest income up 15% year over year to $4.21 billion, and raised its full-year 2026 net interest income growth guidance to 10.5% from 9%.
- Key event
macro_dataUS September CPI released October 13, 2026 came in above expectations at +3.7% headline and +2.6% core, raising the probability of a 25 basis point Fed rate hike by late October from 25% to 50%.
analyst_ratingBofA Securities lowered its price target on Truist Financial to $53 from $56.
analyst_ratingUBS cut its price target on Truist Financial to $50 from $55 while keeping a Neutral rating.
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.