Forecast

Financial forecast

Project revenue, EBITDA, net income and free cash flow for the next 5 or 10 years. Growth starts at the same rate the valuation uses and fades to the long-run rate, with margins held at today's level. Bear and bull cases move growth by the company's own revenue volatility. It is a model of what the assumptions imply, not a prediction.

Truist Financial (TFC)

Price updated 06 Nov 2026 14:48; TTM through 30 Sep 2026; TTM financials updated 06 Nov 2026 14:12.

Starts from TTM through 30 Sep 2026 financials in USD and a share price of USD 49.21. Growth begins at 4.5% a year (the valuation's blended assumption) and fades to 2.4% by year 10. Margins held at EBITDA 22.8%, net 18.0%, free cash flow 20.8% of revenue. Bear and bull move starting growth by 6.0 points and long-run growth by 1 point.

For banks, insurers and holding companies, revenue and cash flow mix in interest and investment flows. Read net income rather than free cash flow.
Year 1 uses analyst consensus revenue growth (6.0%); year 2 is halfway back to the model's own path.
USD 34.45Model fair value (Justified P/B (ROE)); range USD 32.41 to USD 38.06
-30%Fair value vs today's price
HighModel confidence
75%Share of the gap to fair value the price closes by year 5

Confidence: Earnings-based DCF agrees; trailing-twelve-month data.

5.7%/yrModel-implied annual total return over 10 years, base case (price plus dividends). Raw model level; the screener shows a calibrated ranking instead
USD 41.36BRevenue in year 10 (base)
USD 7.45BNet income in year 10 (base)
USD 8.61BFree cash flow in year 10 (base)
USD 3.37Dividend per share in year 10 (base)
USD 56.21Implied share price in year 10 (base), today USD 49.21
14.3%Year-10 free cash flow per share vs today's price

Book value per share over time

USD 0.00 USD 20.06 USD 40.12 USD 60.19 USD 80.25 TTM through 30 Sep 2026 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
Solid: reported Dashed: base projection Shaded: bear to bull range
Book value per share in year 10 by scenario
CaseStarting growthYear 10Annual growth
Bear 0.0% USD 68.81 3.2%
Base 6.0% USD 73.88 4.0%
Bull 12.0% USD 80.25 4.8%

Base case by year

YearGrowthRevenueEBITDANet incomeFree cash flowEPSFCF / shareDividend / shareBook / shareImplied price
TTM through 30 Sep 2026– USD 28.79BUSD 6.55BUSD 5.19BUSD 5.99B 4.234.892.3550.1349.21
Year 16.0% USD 30.53BUSD 6.95BUSD 5.50BUSD 6.35B 4.485.182.4952.1248.87
Year 25.2% USD 32.10BUSD 7.30BUSD 5.78BUSD 6.68B 4.725.452.6254.2248.44
Year 34.0% USD 33.40BUSD 7.60BUSD 6.02BUSD 6.95B 4.915.672.7256.4147.90
Year 43.8% USD 34.67BUSD 7.89BUSD 6.25BUSD 7.22B 5.095.882.8258.6847.24
Year 53.6% USD 35.91BUSD 8.17BUSD 6.47BUSD 7.47B 5.286.092.9361.0346.43
Year 63.3% USD 37.11BUSD 8.44BUSD 6.68BUSD 7.72B 5.456.303.0263.4548.28
Year 73.1% USD 38.26BUSD 8.70BUSD 6.89BUSD 7.96B 5.626.493.1265.9650.18
Year 82.9% USD 39.36BUSD 8.95BUSD 7.09BUSD 8.19B 5.786.683.2168.5352.14
Year 92.6% USD 40.39BUSD 9.19BUSD 7.28BUSD 8.41B 5.936.863.2971.1754.15
Year 102.4% USD 41.36BUSD 9.41BUSD 7.45BUSD 8.61B 6.087.023.3773.8856.21

EPS and free cash flow per share assume today's share count. Dividends assume today's payout ratio and book value grows with retained earnings. The implied share price follows the valuation models and is not a price target; override growth settings do not change the model fair value. Margins stay at today's level except where the notes say they drift toward their average, so it does not model margin expansion, buybacks, acquisitions or recessions. It is for information and education only and is not investment advice. See the methodology for how the growth rate is blended.