Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 353

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7A
Chunk 353
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 488 Net income (loss)4,840 (1,047)6,267 Noncontrolling interests from discontinued operations22 44 7 Preferred stock dividends and other349 361 333 Net income (loss) available to common shareholders$4,469 $(1,452)$5,927 Basic earnings from continuing operations$(0.30)$(1.40)$4.10 Basic EPS3.36 (1.09)4.46 Diluted earnings from continuing operations(0.30)(1.40)4.07 Diluted EPS3.36 (1.09)4.43 Basic weighted average shares outstanding1,331,087 1,331,963 1,328,120 Diluted weighted average shares outstanding1,331,087 1,331,963 1,338,462 

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

Truist Financial Corporation   91

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

TRUIST FINANCIAL CORPORATION AND SUBSIDIARIES(Dollars in millions)Year Ended December 31,202420232022Net income (loss)$4,840 $(1,047)$6,267 OCI, net of tax:Net change in net pension and postretirement costs431 456 (1,449)Net change in cash flow hedges(561)(222)(69)Net change in AFS securities4,205 617 (10,757)Net change in HTM securities222 241 284 Other, net(4)3 (6)Total OCI, net of tax4,293 1,095 (11,997)Total comprehensive income (loss)$9,133 $48 $(5,730)Income Tax Effect of Items Included in OCI:Net change in net pension and postretirement costs$133 $138 $(445)Net change in cash flow hedges(174)(69)(21)Net change in AFS securities1,294 155 (3,277)Net change in HTM securities66 65 83 Other, net1 — — Total income taxes related to OCI$1,320 $289 $(3,660)

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

92   Truist Financial Corporation

CONSOLIDATED STATEMENTS