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Held by 321 of 2,417 reporting institutions (97th percentile) — extremely crowded.
Data as of Q3 2026
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No trend data available for this metric.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Last reported position per insider, carried forward. Steps can be a holding disclosed for the first time rather than a trade.
| Date | Insider | What it was | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-15 | Vines Timothy Director | Grant | 1,144 | $27.31 | — |
| 2026-10-15 | Hill J Thomas Director | Grant | 1,282 | $27.31 | — |
| 2026-10-15 | Marshall Ruth Ann Director | Grant | 1,785 | $27.31 | — |
| 2026-10-15 | Crosswhite Mark A. Director | Grant | 1,144 | $27.31 | — |
| 2026-10-15 | Styslinger Lee J Iii |
Every row is classified by what it MEANT, not by its SEC code. A code is not a meaning: code P (“purchase”) also covers dividend reinvestment and employee stock purchase plans, and code S (“sale”) also covers 10b5-1 plan sales scheduled months earlier and option exercises sold the same day.
Across 30 days of all filings, $5.08bn of insider selling contained $3.50bn of plan sales and $0.46bn of exercise-and-sell. Only 29% was discretionary. Reading an unclassified feed badly overstates how much insiders decided.
Buys and sales are counted separately and never netted. They are different decisions by different people; a company where one officer bought while another sold is not “neutral”.
The holding line carries each insider's last reported position forward, so it shows the total held rather than a sawtooth of whoever traded that day. It covers only insiders who filed in the window.
“Filed late” counts calendar days past the two-business-day deadline with five days' grace, so a Thursday or Friday trade crossing a weekend is never flagged. It describes the company's filing discipline, not the trade.
Insider activity is descriptive. Nothing here is investment advice.
| Grant |
| 1,144 |
| $27.31 |
| — |
| 2026-09-10 | Chadha Anil D Chief Financial Officer | Open-market sale | 1 | $29.89 | $23 |
| 2026-07-15 | Vines Timothy Director | Grant | 993 | $31.48 | — |
| 2026-07-15 | Hill J Thomas Director | Grant | 1,112 | $31.48 | — |
| 2026-07-15 | Crosswhite Mark A. Director | Grant | 993 | $31.48 | — |
| 2026-07-15 | Marshall Ruth Ann Director | Grant | 1,707 | $31.48 | — |
| 2026-07-15 | Styslinger Lee J Iii Director | Grant | 993 | $31.48 | — |
| 2026-07-01 | 3 co-filers SEVP | Option exercise | 28,411 | $0.00 | $0 |
| 2026-07-01 | 3 co-filers SEVP | Tax withholding | 10,286 | $30.80 | $317k |
| 2026-07-01 | 3 co-filers SEVP | Option exercise | 28,411 | $0.00 | — |
| 2026-05-11 | Davis Noopur Director | Grant | 5,404 | $0.00 | — |
| 2026-05-11 | Golodryga Zhanna Director | Grant | 5,404 | $0.00 | — |
| 2026-05-11 | Vines Timothy Director | Grant | 5,404 | $0.00 | — |
| 2026-05-11 | Hill J Thomas Director | Grant | 5,404 | $0.00 | — |
| 2026-05-11 | Rand Alison S. Director | Grant | 5,404 | $0.00 | — |
| 2026-05-11 | Jenkins Roger W. Director | Grant | 5,404 | $0.00 | — |
| 2026-05-11 | Crosswhite Mark A. Director | Grant | 5,404 | $0.00 | — |
| 2026-05-11 | Marshall Ruth Ann Director | Grant | 5,404 | $0.00 | — |
| 2026-05-11 | Styslinger Lee J Iii Director | Grant | 5,404 | $0.00 | — |
| 2026-05-11 | Suquet Jose S Director | Grant | 5,404 | $0.00 | — |
| 2026-05-11 | Johnson Joia M Director | Grant | 5,404 | $0.00 | — |
| 2026-05-11 | Rhodes William C Iii Director | Grant | 5,404 | $0.00 | — |
| 2026-05-07 | Willman Brian R SEVP | Open-market sale | 7,014 | $27.91 | $196k |
| 2026-05-06 | 2 co-filers Group filing | Option exercise | 7,904 | $0.00 | $0 |
| 2026-05-06 | 2 co-filers Group filing | Option exercise | 7,904 | $0.00 | $0 |
| 2026-05-06 | 2 co-filers Group filing | Option exercise | 7,904 | $0.00 | $0 |
| 2026-05-06 | 2 co-filers Group filing | Option exercise | 63,055 | $0.00 | $0 |
| 2026-05-06 | 2 co-filers Group filing | Option exercise | 7,904 | $0.00 | $0 |
| 2026-05-06 | 2 co-filers Group filing | Option exercise | 7,904 | $0.00 | $0 |
| 2026-05-06 | 2 co-filers Group filing | Option exercise | 63,055 | $0.00 | — |
| 2026-05-06 | 2 co-filers Group filing | Option exercise | 7,904 | $0.00 | — |
| 2026-05-06 | 2 co-filers Group filing | Option exercise | 7,904 | $0.00 | — |
| 2026-05-06 | 2 co-filers Group filing | Option exercise | 7,904 | $0.00 | — |
| 2026-05-06 | 2 co-filers Group filing | Option exercise | 7,904 | $0.00 | — |
| 2026-05-06 | 2 co-filers Group filing | Option exercise | 7,904 | $0.00 | — |
| 2026-04-15 | Vines Timothy Director | Grant | 1,122 | $27.85 | — |
A reverse discounted cash flow is not shown for a bank.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Classified from the filings: SIC code.
Ranked against 16 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JPM | $895.0B | 16.8× | — | 4.9× | 2.8% | — | 31.3% | 15.7% | 13.4% | — | 1,974 |
| BAC | $346.2B | 13.1× | — | 3.1× | 6.8% | — | 27.0% | 10.1% | 4.9% | — | 1,281 |
| C | $203.0B | 17.6× | — | 2.4× | 5.6% | — | 16.8% | 6.7% | 2.5% | — | — |
| COF | $125.7B | 50.8× | — | 2.4× | 36.6% | — | 4.6% | 2.2% | 2.1% | — | 645 |
| USB | $92.6B | 12.9× | — | 3.2× | 4.4% | — | 26.4% | 11.6% | 9.2% | — | 685 |
| PNC | $90.5B | 13.7× | — | 3.9× | 7.2% | — | 30.3% | 11.5% | 5.9% | — | 677 |
| RF | $24.3B | 12.4× | — | — | — | — | — | 11.3% | 9.0% | — | 321 |
| KEY | $22.3B | 13.9× | — | 3.0× | 62.7% | — | 24.3% | 9.0% | 6.0% | — | 248 |
| FHN | $11.0B | 12.4× | — | 3.2× | 7.2% | — | 28.7% | 11.1% | 8.1% | — | — |
| CFR | $9.8B | 15.9× | — | 4.4× | 8.3% | — | 29.0% | 14.2% | 14.2% | — | 149 |
| WBHC | $6.8B | 87.9× | — | 19.1× | 14.2% | — | 21.2% | 13.0% | 12.8% | — | — |
| CBU | $3.3B | 15.7× | — | 4.0× | 9.6% | — | 25.7% | 10.5% | 10.5% | — | 58 |
| PRK | $3.2B | 15.8× | — | 4.8× | 2.9% | — | 27.1% | 13.3% | 12.6% | — | 61 |
| BANC | $2.9B | 15.6× | — | 1.6× | -3.8% | — | 12.6% | 6.5% | 4.1% | — | 48 |
| NBTB | $2.7B | 15.7× | — | 14.8× | 10.4% | — | 92.5% | 8.9% | 8.3% | — | 62 |
| CASH | $1.6B | 9.6× | — | 1.9× | 5.3% | — | 22.1% | 21.7% | 20.6% | — | 46 |
| HAFC | $960M | 13.0× | 12.1× | 3.5× | 15.3% | — | 28.2% | 9.6% | 9.6% | 0.0× | 38 |
Peers = companies sharing RF's sector (National Commercial Banks) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 42% of free cash flow, leaving room to grow it and fund buybacks. Last year: $912.0M dividends + $1.07B buybacks = $1.98B returned on $2.18B FCF.
9 consecutive years of dividend increases · 17%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Modest payoff on reinvested capital. Current ROIC on all capital: 9%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-30
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $104.0M 100.0% | $84.0M 100.0% | $79.0M 100.0% | $71.0M 100.0% | $60.0M 100.0% | $58.0M 100.0% |
| Operating Income | $53.0M | $95.0M | $212.0M | $56.0M | $46.0M 44.2% | — | — | — | — | — |
| Interest Expense | — | — | $1.58B | $316.0M | $167.0M 160.6% | $368.0M 438.1% | $851.0M 1077.2% | $602.0M 847.9% | $373.0M 621.7% | $313.0M 539.7% |
| Pretax Income | $2.74B | $2.35B | $2.61B | $2.88B | $3.21B 3091.3% | $1.31B 1564.3% | $1.99B 2512.7% | $1.96B 2753.5% | $1.86B 3100.0% | $1.66B 2869.0% |
| Income Tax Expense | $587.0M | $461.0M | $533.0M | $631.0M | $694.0M 667.3% | $220.0M 261.9% | $403.0M 510.1% | $387.0M 545.1% | $619.0M 1031.7% | $510.0M 879.3% |
| Net Income | $2.16B | $1.89B | $2.07B | $2.25B | $2.52B 2424.0% | $1.09B 1302.4% | $1.58B 2002.5% | $1.76B 2477.5% | $1.26B 2105.0% | $1.16B 2005.2% |
| Per Share | ||||||||||
| EPS (Basic) | $2.31 | $1.94 | $2.11 | $2.29 | $2.51 | $1.03 | $1.51 | $1.55 | $1.01 | $0.87 |
| EPS (Diluted) | $2.30 | $1.93 | $2.11 | $2.28 | $2.49 | $1.03 | $1.50 | $1.54 | $1.00 | $0.87 |
| Weighted Avg Shares (Basic) | 892.0M | 916.0M | 936.0M | 935.0M | 956.0M | 959.0M | 995.0M | 1.09B | 1.19B | 1.25B |
| Weighted Avg Shares (Diluted) | 896.0M | 918.0M | 938.0M | 942.0M | 963.0M | 962.0M | 999.0M | 1.10B | 1.20B | 1.26B |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
EOD close · as of 2026-10-30
Where each multiple sits in its own 16-yr range · 100th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 16-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 11% against ROIC 9% — 2% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Operating Income | — | — | — | 44.2 | — | — | — | — |
| Income Tax | 545.1 | 510.1 | 261.9 | 667.3 | — | — | — | — |
| Net Income | 2477.5 | 2002.5 | 1302.4 | 2424.0 | — | — | — | — |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on RF: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Leverage ratios is not shown for a bank.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Classified from the filings: SIC code.
How much the company owes, how it's trended, and how comfortably it's serviced.
$6.00B of principal comes due within a year. Scheduled principal only (excludes interest & revolver draws). As of 2010-12-31 (10-K/A). The cash figure is from 2025-12-31, so the two are not the same balance-sheet date — the schedule has not been refiled since.
Thin coverage — earnings barely cover interest. Effective rate ~67.7% on $2.33B of debt. Interest last disclosed in FY2023 (no longer broken out).
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Cost of capital cannot be computed, so the spread is unknown.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | not reported | not reported | 2005.2% |
| FY2017 | not reported | not reported | 2105.0% |
| FY2018 | not reported | not reported | 2477.5% |
| FY2019 | not reported | not reported | 2002.5% |
| FY2020 | not reported | not reported | 1302.4% |
| FY2021 | not reported | 44.2% | 2424.0% |
Leverage and buybacks account for 2 points of the 11% return on equity in FY2025. The business earns 9% on the capital it employs; the rest is balance sheet.
ROE is on average equity; ROIC is NOPAT over average invested capital (debt plus equity less excess cash). The gap is not a single adjustment.
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: wacc.
Converts 1.11x of reported profit into free cash flow over 5 years, with accruals negative.
Conversion has deteriorated: 0.99x over three years against 1.11x over 5.
Leverage is not measurable this way for a bank.
This schedule comes from a filing dated 2010-12-31, 5783 days old. Maturities are shown relative to that date, not to today.
Ladder as of 2010-12-31 (10-K/A); cash from the 2025-12-31 balance sheet; FCF from FY2025. No cash figure on the matching balance sheet, so no coverage line is drawn.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Missing from our data, so excluded from this answer: capital adequacy metrics for this archetype.
At $28.57, free cash flow must compound 3.22%/yr for 10 years. It has done -2.77%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2020 | −10.0% | 3.2% |
| FY2021 | 30.4% | 3.2% |
| FY2022 | 2.4% | 3.2% |
| FY2023 | −25.6% | 3.2% |
| FY2024 | −30.8% | 3.2% |
| FY2025 | 36.5% | 3.2% |
The percentile ranks the FISCAL-YEAR point, because the distribution behind each strip is built from fiscal-year closes — ranking a TTM figure inside it would compare two different bases. TTM basis: TTM (share count from the last fiscal year — the TTM window reports none).
The cost of capital could not be computed for this company, so the requirement is solved at the published 10% default — a different rate would move it materially.
| Step | Amount | Running total |
|---|---|---|
| Net income | $2.16B | $2.16B |
| Share-based comp | $69M | $2.23B |
| Other non-cash & working capital | −$44M | $2.18B |
| Operating cash flow | $2.18B | $2.18B |
| Capex | $0 | $2.18B |
| Free cash flow | $2.18B | $2.18B |
| FCF after SBC | $2.11B | $2.11B |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 6.3% | not reported | not reported |
| FY2021 | 23.8% | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -0.8 percent |
| FY2020 | -0.8 percent |
| FY2021 | -0.3 percent |
| FY2022 | -0.6 percent |
| FY2023 | -0.1 percent |
| FY2024 | 0.2 percent |
| FY2025 | -0.0 percent |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.