Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 247

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 247
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 quantitative models. Refer to “Note 1. Basis of Presentation” for additional information.NPAsThe following table provides a summary of nonperforming loans and leases, excluding LHFS:December 31, 2024December 31, 2023Recorded InvestmentRecorded Investment(Dollars in millions)Without an ALLLWith an ALLLWithout an ALLLWith an ALLLCommercial: Commercial and industrial$52 $469 $123 $347 CRE32 266 154 130 Commercial construction— 3 — 24 Consumer:Residential mortgage1 165 1 152 Home equity1 115 1 121 Indirect auto23 236 20 248 Other consumer— 66 — 59 Total$109 $1,320 $299 $1,081 The following table presents a summary of nonperforming assets and residential mortgage loans in the process of foreclosure:(Dollars in millions)Dec 31, 2024Dec 31, 2023Nonperforming loans and leases HFI$1,429 $1,380 Nonperforming LHFS— 51 Foreclosed real estate3 3 Other foreclosed property45 54 Total nonperforming assets$1,477 $1,488 Residential mortgage loans in the process of foreclosure$169 $214 

120   Truist Financial Corporation

Loan ModificationsThe following tables summarize the amortized cost basis and the weighted average financial effect of loans to borrowers experiencing financial difficulty that were modified during the year, disaggregated by class of financing receivable and type of modification granted.Year Ended December 31, 2024(Dollars in millions)RenewalsTerm ExtensionsInterest Rate AdjustmentsCapitalizationsPayment DelaysCombination -Capitalization and Term ExtensionOtherTotal Modified LoansPercentage of Total Class of Financing ReceivableCommercial:Commercial and industrial$946 $— $12 $— $2 $— $185 $1,145 0.74 %CRE440 — — — — — 13 453 2.22 Commercial construction75 — — — — — — 75 0.88 Consumer:Residential mortgage— 76 — 54 61 226 70 487 0.88 Home equity— 2 — — 2 —