Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 131

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 131
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 in interest rates versus changes in volumes are summarized below.

50   Truist Financial Corporation

Table 9: Taxable-Equivalent Net Interest Income and Rate / Volume Analysis2024 vs. 20232023 vs. 2022Year Ended December 31,(Dollars in millions)Average Balances(1)Annualized Yield/Rate(2)Income/Expense(2)Incr.(Decr.)Change due toIncr.(Decr.)Change due to202420232022202420232022202420232022RateVolumeRateVolumeAssets         AFS and HTM securities at amortized cost:         U.S. Treasury$12,100 $11,021 $10,591 4.01 %1.20 %0.88 %$485 $132 $93 $353 $339 $14 $39 $35 $4 GSE390 348 498 3.38 2.94 2.24 13 10 11 3 2 1 (1)3 (4)Agency MBS109,652 121,923 132,222 2.70 2.31 1.93 2,958 2,821 2,552 137 441 (304)269 477 (208)States and political subdivisions417 424 392 4.14 4.13 3.88 17 18 15 (1)— (1)3 1 2 Non-agency MBS1,282 3,816 4,072 2.85 2.34 2.30 37 89 94 (52)16 (68)(5)2 (7)Other17 20 44 5.25 5.37 3.60 1 1 2 — — — (1)1 (2)Total securities123,858 137,552 147,819 2.83 2.23 1.87 3,511 3,071 2,767 440 798 (358)304 519 (215)Interest earning trading assets5,320 4,739 5,767 6.12 6.64 4.15 326 314 239 12 (26)38 75 124