TFC
Truist Financial
Bank / BV
★ Quality 20/100Price today
$51.47
what the market pays
Worth
$38.53
calculated TBV value
Price is 34% above its value
charlieapp.co
Price vs Intrinsic Value
The line is the price month by month; the green band marks when it's undervalued (−20% off value). When the price drops in there, the discount is real, not opinion.
Why Overvalued?
The model estimates an intrinsic value of $38.53 per share. Today's price of $51.47 is 25% above the calculated value — the market is paying a premium over what the model sees as fair.
The price is 34% above the calculated value. You're paying more than it's worth.
Buying here lowers your expected return and wipes out the safety margin.
The next reasonable entry zone starts at $36.60.
At what price would buying make sense?
Entry zones
🟢 Undervalued
≤$30.82
-20% off Value
🟡 Discounted
≤$36.60
-5% off Value
🔴 Today
$51.47
-25% Valor
Overvalued
The market prices it too high versus what the business makes. Patience pays off here.
“Time is the friend of the wonderful company, the enemy of the mediocre.”
— Warren Buffett
Model updated · July 2026
The business
Two merged banks that keep customers out of laziness, not merit.
Truist is the sixth-largest bank in the U.S., born from the 2019 merger of BB&T and SunTrust. It makes money on the net interest margin (lends high, pays little on deposits) plus corporate banking and wealth management fees. Net income of $5.0B on a deposit base in the U.S. Southeast.
Its only real advantage is branch density and cheap deposits in high-growth Southeast markets —the Carolinas, Georgia, Florida. There's no tech or brand moat; customers stay out of inertia and the cost of switching banks. That's a friction moat, not an excellence one.
Revenue history
From $22.0B to $20.5B in 4 years. Sales are shrinking — the engine is losing steam.
Where each $100 of sales goes
Revenue $5.9B · FY2025
Of every $100 in sales, $16 goes to costs and operations; $84 is left as net profit (84% margin).
Catalysts and risks
Deployment of the ~$15.5B from the sale of Truist Insurance Holdings (2024) into buybacks and balance sheet repositioning.
Fed cuts in 2025-2026 that lower deposit costs and widen the net interest margin.
Buyback program that reduces shares while trading below intrinsic value of $38.53.
Debt of $42.0B and cash reported at zero: a leveraged balance sheet sensitive to liquidity shocks.
Estimated CAGR of -14%: the business is contracting, not growing.
Exposure to commercial real estate and uninsured deposits, the Achilles' heel of regional banks since 2023.
Charlie's note
“A regional bank without a true moat is a buy-cheap-and-pray-on-management business. At 0.77x it trades at a discount for a reason: the engine is losing revolutions. It's only interesting if you trust the team to allocate the insurance-sale capital well.”
Analysis · June 2026
So when would be a good price for Truist Financial?
By our calculation, not yet. We will email you the day it drops to $36.60 — so you do not have to keep checking.
🔔 Email meFree · no card
Charlie informs, it doesn't advise. No information should be taken as a recommendation to buy or sell.