Company: TFC
Filing Date: 2025-06-24
Form Type: 11-K
Source: 0000092230-25-000071
Chunk: 9

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-06-24
Form: 11-K
Chunk 9
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 in a significant portion of the fair value being derived from unobservable data. As of December 31, 2024 and 2023, there are no level 3 assets or liabilities.

The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Plan believes its valuation methods are appropriate, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 and 2023 are summarized below:

|                                 |     | December 31, 2024 |               |     |         |               |     |         |               |
|:--------------------------------|:----|:------------------|--------------:|:----|:--------|--------------:|:----|:--------|--------------:|
|                                 |     | Total             |               |     | Level 1 |               |     | Level 2 |               |
| Truist common stock             |     | $                 |   507,886,676 |     | $       |   507,886,676 |     | $       |             — |
| Mutual funds                    |     |                   | 1,342,723,392 |     |         | 1,342,723,392 |     |         |             — |
| Brokeragelink                   |     |                   |   444,727,668 |     |         |   432,412,445 |     |         |    12,315,223 |
| Collective trusts               |     |                   | 6,800,317,562 |     |         |             — |     |         | 6,800,317,562 |
| Total investments at fair value |     | $                 | 9,095,655,298 |     | $       | 2,283,022,513 |     | $       | 6,812,632,785 |

|                                 |     | December 31, 2023 |                |     |         |               |     |         |               |
|:--------------------------------|:----|:------------------|---------------:|:----|:--------|--------------:|:----|:--------|--------------:|
|                                 |     | Total             |                |     | Level 1 |               |     | Level 2