Financial services company Truist Financial (NYSE: TFC) will be reporting earnings this Friday before market hours. Here’s what to look for.

Truist Financial met analysts’ revenue expectations last quarter, reporting revenues of $4.99 billion, up 396% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and net interest income in line with analysts’ estimates.

Is Truist Financial a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Truist Financial’s revenue to be flat year on year at $5.15 billion, slowing from the 4.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.99 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Truist Financial has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Truist Financial’s peers in the diversified banks segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Citigroup delivered year-on-year revenue growth of 9.3%, beating analysts’ expectations by 4.6%, and Bank of America reported revenues up 11.4%, topping estimates by 2.4%. Citigroup traded up 3.8% following the results.

Read our full analysis of Citigroup’s results here and Bank of America’s results here.

The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the diversified banks stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.2% on average over the last month. Truist Financial is down 2.9% during the same time and is heading into earnings with an average analyst price target of $49.53 (compared to the current share price of $43.26).

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