Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 305

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 5
Chunk 305
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 still accruing as a percentage of loans and leases HFI was 0.64% at December 31, 2024, up one basis point compared to the prior year.

62   Truist Financial Corporation

Problem loans include NPLs and loans that are 90 days or more past due and still accruing as disclosed in Table 19. In addition, for the commercial portfolio segment, loans that are rated special mention or substandard performing are closely monitored by management as potential problem loans. Refer to “Note 5. Loans and ACL” for the amortized cost basis of loans by origination year and credit quality indicator as well as additional disclosures related to NPLs.

Table 20: Asset Quality RatiosDec 31, 2024Dec 31, 2023Loans 30-89 days past due and still accruing as a percentage of loans and leases HFI0.64 %0.63 %Loans 90 days or more past due and still accruing as a percentage of loans and leases HFI0.19 0.17 NPLs as a percentage of loans and leases HFI0.47 0.44 NPLs as a percentage of total loans and leases(1)0.46 0.46 NPAs as a percentage of:Total assets(1)0.28 0.28 Loans and leases HFI plus foreclosed property0.48 0.46 ALLL as a percentage of loans and leases HFI1.59 1.54 Ratio of ALLL to NPLs3.4x3.5xLoans 90 days or more past due and still accruing as a percentage of loans and leases HFI, excluding government guaranteed(2)0.05 %0.04 %

(1)Includes LHFS.

(2)This asset quality ratio has been adjusted to remove the impact of government guaranteed loans. Management believes the inclusion of such assets in this asset quality ratio results in distortion of this ratio because collection of principal and interest is reasonably assured, or the ratio might not be comparable to other periods presented or to other portfolios that do not have government guarantees.

Table 21: Asset Quality Ratios (Continued)Year Ended December 31,202420232022Net charge-offs as a percentage of average loans and leases HFI:Commercial:Commercial and industrial0.20 %0.20 %0.04 %CRE1