Charlotte, North Carolina-based Truist Financial Corporation (TFC) is a financial services company that provides banking and trust services in the Southeastern and Mid-Atlantic United States. With a market cap of $55.8 billion, the company operates through two segments, Consumer and Small Business Banking; and Wholesale Banking.

The financial company is set to unveil its second-quarter results before the markets open on Friday, July 18. Ahead of the event, analysts expect TFC to report a non-GAAP earnings of $0.93 per share, up 2.2% from the profit of $0.91 per share reported in the year-ago quarter. Additionally, the company has surpassed the Street’s bottom-line projections in each of the past four quarters.

For the current year, its earnings are expected to come in at $3.89 per share, up 5.4% from $3.69 per share reported in the year-ago quarter. In fiscal 2026, its earnings are expected to rise 13.1% year-over-year to $4.40 per share.

TFC stock has grown 12.6% over the past 52 weeks, matching the S&P 500 Index’s ($SPX) 12.6% uptick but underperforming the Financial Select Sector SPDR Fund’s (XLF) 26.8% rise during the same time frame.

On Apr. 17, shares of TFC closed down marginally after delivering its Q1 results. The company’s revenue increased 1.6% year-over-year to $4.9 billion, with tax-equivalent net interest income up 3.8%, reaching $3.6 billion, supported by lower interest expenses. Moreover, its adjusted earnings declined 3.3% from the year-ago quarter to $0.87 but surpassed the consensus estimates by 1.2%.

The consensus opinion on TFC is moderately optimistic, with a “Moderate Buy” rating overall. Of the 22 analysts covering the stock, opinions include 10 “Strong Buys,” two “Moderate Buys,” and 10 “Holds.” Its mean price target of $46.62 suggests a 9.4% upside potential from current price levels.