Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 298

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 5
Chunk 298
---
 ten years49,506 3.90 50,640 1.79 Total49,959 3.89 50,640 1.79 Agency MBS – commercial:(2)Within one year— — — — One to five years9 4.40 — — Five to ten years78 3.69 — — After ten years2,206 1.99 — — Total2,293 2.05 — — States and political subdivisions:    Within one year41 6.80 — — One to five years68 6.84 — — Five to ten years146 6.60 — — After ten years127 5.45 — — Total382 6.28 — — Other:    One to five years7 2.87 — — Five to ten years9 6.51 — — Total16 4.88 — — Total securities$67,464 3.98 $50,640 1.79 

(1)Yields represent interest computed using the effective interest method on the amortized cost of securities inclusive of amortization of premiums or accretion of discounts, excluding the impact of hedging. Weighted yield is represented on a TE basis with the exception of obligations of state and political subdivisions which are presented on a tax-effected basis.

(2)For purposes of the maturity, MBS, which are not due at a single maturity date, have been included in maturity groupings based on the contractual maturity. The expected life of MBS will differ from contractual maturities because borrowers may have the right to call or prepay the underlying mortgage loans with or without call or prepayment penalties.

Lending Activities

Truist strives to meet the credit needs of its clients while pursuing a balanced strategy of loan profitability, loan growth, and loan quality. Management believes that this purpose can best be accomplished by building strong client relationships over time and developing in-depth local market knowledge. The Company employs underwriting criteria governing the degree of risk assumed and the diversity of the loan portfolio in terms of type, industry, and geographical concentration.

Truist lends to a diverse client base that is managed to be geographically dispersed to mitigate concentration risk arising from local and regional economic downturns. The following discussion provides additional information on the Company