Direct Answer
SEC EDGAR classifies Truist Financial under SIC code 6021 (National Commercial Banks). Among Swoopr's S&P 500 Equal Weight companies, 21 others share that classification; by latest reported revenue, Truist Financial ranks 8 of 22. A filing classification is a starting point: a company's real competitors depend on its segments, which its 10-K describes.
How Does Truist Financial Compare With Its Peers?
| Company | Revenue (latest FY) | Revenue growth | Operating margin | Net margin |
|---|---|---|---|---|
| JPMorgan Chase (JPM) | $182 billion FY2025 | 2.8% | n/a | 31.2% |
| Bank of America (BAC) | $113 billion FY2025 | 6.8% | n/a | 27.0% |
| Citigroup (C) | $85.2 billion FY2025 | 5.6% | n/a | 16.8% |
| Wells Fargo (WFC) | $83.7 billion FY2025 | 1.7% | n/a | 25.5% |
| Capital One (COF) | $53.4 billion FY2025 | 36.6% | n/a | 4.6% |
| U.S. Bancorp (USB) | $28.7 billion FY2025 | 4.4% | n/a | 26.4% |
| PNC Financial Services (PNC) | $23.1 billion FY2025 | 7.2% | n/a | 30.3% |
| Truist Financial (TFC) | $20.3 billion FY2025 | 53.0% | n/a | 26.1% |
| Regions Financial Corporation (RF) | $7.5 billion FY2025 | 6.3% | n/a | 28.6% |
| KeyCorp (KEY) | $7.5 billion FY2025 | 62.7% | n/a | 24.3% |
| First Horizon Corporation (FHN) | $3.4 billion FY2025 | 7.2% | n/a | 28.7% |
| Cullen/Frost Bankers Inc. (CFR) | $2.2 billion FY2025 | 8.3% | n/a | 29.0% |
| Huntington Bancshares (HBAN) | $1.6 billion FY2025 | 6.4% | n/a | 141.5% |
| Zions Bancorporation N.A. (ZION) | $662 million FY2025 | 3.6% | n/a | 135.8% |
| Camden National Corporation (CAC) | $42 million FY2025 | 17.0% | n/a | 156.1% |
| Shore Bancshares Inc (SHBI) | $21 million FY2025 | -0.3% | n/a | 285.4% |
| Carter Bankshares Inc. (CARE) | $20 million FY2025 | 4.6% | n/a | 154.4% |
| First United Corporation (FUNC) | $18 million FY2025 | 4.0% | n/a | 133.0% |
| AmeriServ Financial Inc. (ASRV) | $15 million FY2025 | -6.3% | n/a | 38.3% |
| National Bankshares Inc. (NKSH) | $8 million FY2025 | 9.8% | n/a | 193.6% |
| Meridian Corporation (MRBK) | $6 million FY2025 | 10.1% | n/a | 345.2% |
| Southern First Bancshares Inc. (SFST) | $6 million FY2025 | 13.0% | n/a | 483.4% |
Revenue growth compares each company's latest fiscal year with the one before. Fiscal years do not always end on the same date, so treat close comparisons with care.
How Does Truist Financial Rank Among All SEC Filers in Its Industry Code?
22 companies with annual reports in Swoopr's SEC dataset share SIC code 6021 (National Commercial Banks), a wider group than the S&P 500 Equal Weight companies above. Ranks run from 1 (highest) and use each company's latest fiscal year, in U.S. dollars.
| Measure | Truist Financial | Median of filers | Rank |
|---|---|---|---|
| Revenue | $20.3 billion | $2.8 billion | 8 of 22 |
| Revenue growth | 53.0% | 6.6% | 2 of 22 |
| Net margin | 26.1% | 30.8% | 18 of 22 |
A SIC code reflects the filer's main business as the SEC records it, so the group mixes companies of very different size; the median is a better guide than the average, and a rank near the top by revenue says nothing about quality.
Where These Numbers Come From
Every figure on this page is a value Truist Financial reported in its Form 10-K filed February 24, 2026 (accession 0000092230-26-000030), read from the SEC's Financial Statement Data Sets. Ratios are computed from those reported values. The filing itself always takes precedence over this summary, and a later amendment can change a figure.
Truist Financial is a bank, so revenue here is net interest income plus noninterest income, the way banks present total revenue; banks do not report revenue under the tag an industrial company uses. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
Who are Truist Financial's competitors?
Companies sharing Truist Financial's SEC classification (SIC code 6021 (National Commercial Banks)) include JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC), Capital One (COF). Its 10-K names the competitors it considers most relevant.
How does Truist Financial compare with its peers on margins?
A margin comparison needs reported operating income for Truist Financial and its peers; where either is missing, Swoopr leaves the comparison out.
How are these peers chosen?
By the SEC Standard Industrial Classification code each company files under, within Swoopr's S&P 500 Equal Weight company set, falling back to the two-digit major group when fewer than two companies share the exact code. Classification codes are broad, so read the peer list as a screen, not a verdict.
How does Truist Financial rank among all companies in its SEC industry?
Among 22 SEC filers under SIC code 6021, Truist Financial ranks 8 by latest revenue.