Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 351

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7A
Chunk 351
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 at fair value, respectively)306,383 312,061 ALLL(4,857)(4,798)Loans and leases, net of ALLL301,526 307,263 Premises and equipment3,225 3,298 Goodwill17,125 17,156 CDI and other intangible assets1,550 1,909 Loan servicing rights at fair value3,708 3,378 Other assets (including $1,271 and $1,311 at fair value, respectively)37,132 34,997 Assets of discontinued operations— 7,655 Total assets$531,176 $535,349 LiabilitiesNoninterest-bearing deposits$107,451 $111,624 Interest-bearing deposits (including $192 and $— at fair value, respectively)283,073 284,241 Short-term borrowings (including $1,896 and $1,625 at fair value, respectively)29,205 24,828 Long-term debt34,956 38,918 Other liabilities (including $2,286 and $2,597 at fair value, respectively)12,812 12,946 Liabilities of discontinued operations— 3,539 Total liabilities467,497 476,096 Shareholders’ EquityPreferred stock5,907 6,673 Common stock, $5 par value6,580 6,669 Additional paid-in capital35,628 36,177 Retained earnings23,777 22,088 AOCI, net of deferred income taxes(8,213)(12,506)Noncontrolling interests— 152 Total shareholders’ equity63,679 59,253 Total liabilities and shareholders’ equity$531,176 $535,349 Common shares outstanding1,315,936 1,333,743 Common shares authorized2,000,000 2,000,000 Preferred shares outstanding216 223 Preferred shares authorized5,000 5,000 

The accompanying notes are an integral part of these consolidated financial statements.

90   Truist Financial Corporation

CONSOLIDATED STATEMENTS OF INCOME

TRUIST FINANCIAL CORPORATION AND SUBSIDIARIES

(Dollars in millions, except per share data, shares in thousands)Year Ended December 31,202420232022Interest Income  Interest and fees on loans and leases$19,230 $19,