Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 29

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 3
Chunk 29
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,176 3,324 5,854 5,913 5,462 12,009 18,678 12,167 Expense allocations 3,725 3,695 3,369 1,908 2,331 1,611 (5,633)(6,026)(4,980)— — — Total noninterest expense6,652 10,284 6,750 5,136 8,507 4,935 221 (113)482 12,009 18,678 12,167 Income (loss) before income taxes from continuing operations4,589 1,225 4,242 4,977 1,072 5,673 (10,167)(3,062)(2,886)(601)(765)7,029 Provision (benefit) for income taxes1,099 1,099 1,014 993 726 1,227 (2,648)(1,087)(991)(556)738 1,250 Segment net income (loss) from continuing operations$3,490 $126 $3,228 $3,984 $346 $4,446 $(7,519)$(1,975)$(1,895)$(45)$(1,503)$5,779 Identifiable assets (period end) of continuing operations$147,032 $146,447 $162,596 $206,179 $209,422 $215,197 $177,965 $171,825 $169,807 $531,176 $527,694 $547,600 (1)As described above, includes the Company’s investment securities portfolio, most long-term debt, derivative instruments used for balance sheet hedging, short-term liquidity and funding activities, balance sheet risk management, most bank-owned real estate assets, as well as functional activities such as finance, enterprise risk, legal, and enterprise technology and management. Additionally, houses intersegment eliminations, including for residual interest rate risk, intersegment net referral fees, and expense allocations. May also include financial data from business units below the quantitative and qualitative thresholds requiring disclosure.(2)Other direct noninterest expense within the table above includes expenses for occupancy and equipment, professional fees and outside processing, regulatory costs, and other expenses.

160   Truist Financial Corporation

NOTE 22. Parent