Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 303

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 5
Chunk 303
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317 million at December 31, 2024 and December 31, 2023, respectively.

60   Truist Financial Corporation

The following table presents the composition of average loans and leases:Table 18: Average Loans and LeasesThree Months Ended(Dollars in millions)Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Commercial:Commercial and industrial$153,209 $154,102 $157,043 $158,385 $160,278 CRE20,504 21,481 21,969 22,400 22,755 Commercial construction8,261 7,870 7,645 7,134 6,515 Consumer:Residential mortgage54,390 53,999 54,490 55,070 55,658 Home equity9,675 9,703 9,805 9,930 10,104 Indirect auto22,790 22,121 22,016 22,374 23,368 Other consumer29,355 29,015 28,326 28,285 28,913 Credit card4,926 4,874 4,905 4,923 4,996 Total average loans and leases HFI$303,110 $303,165 $306,199 $308,501 $312,587 

Average loans and leases HFI were flat compared to the prior quarter.

•Average commercial loans decreased 0.8% due to declines in the commercial and industrial and CRE portfolios.

•Average consumer loans and credit cards increased 1.2% due to growth in the indirect auto, residential mortgage, and other consumer portfolios.

Truist Financial Corporation   61

Asset Quality

The following tables summarize asset quality information:

Table 19: Asset Quality(Dollars in millions)Dec 31, 2024Dec 31, 2023NPAs:NPLs:Commercial and industrial$521 $470 CRE298 284 Commercial construction3 24 Residential mortgage166 153 Home equity116 122 Indirect auto259 268 Other consumer66 59 Total NPLs HFI1,429 1,380 Loans held for sale— 51 Total nonperforming loans and leases1,429 1