Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 251

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 251
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877 Total nonaccrual loans included above$155 $85 $137 $377 The following table provides the amortized cost basis of financing receivables that were modified in the last twelve months and were in payment default at period end:December 31, 2024(Dollars in millions)RenewalsTerm ExtensionsInterest Rate AdjustmentsCapitalizationsPayment DelaysCombination -Capitalization and Term ExtensionOtherTotalCommercial:Commercial and industrial$18 $— $— $— $— $— $— $18 CRE3 — — — — — — 3 Consumer:Residential mortgage— 13 — 6 44 33 6 102 Indirect auto— 1 — — 32 — 2 35 Other consumer— 1 — — — — — 1 Credit card— — 2 — — — — 2 Total$21 $15 $2 $6 $76 $33 $8 $161 

124   Truist Financial Corporation

December 31, 2023(Dollars in millions)RenewalsTerm ExtensionsCapitalizationsPayment DelaysCombination -Capitalization and Term ExtensionOtherTotalCommercial:Commercial and industrial$72 $— $— $20 $— $— $92 CRE1 — — — — — 1 Consumer:Residential mortgage— 13 6 34 31 6 90 Indirect auto— 1 — 17 — 2 20 Credit card— — — — — 2 2 Total$73 $14 $6 $71 $31 $10 $205 TDRsThe primary type of modification for TDRs designated in 2022 is summarized in the table below. TDR balances represent the recorded investment at the end of the quarter in which the modification was made. The prior quarter balance represents recorded investment at the beginning of the quarter in which the modification was made. Rate modifications consist of TDRs made with below market interest rates, including those that also have modifications of loan structures.As of / For the Year Ended December 31, 2022Type of ModificationPrior Quarter Loan BalanceALLL at Period End(Dollars in millions