Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 183

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 183
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 result in Truist Bank being “well-capitalized” for regulatory purposes.

Management’s capital deployment plan in order of preference is to focus on (i) organic growth, (ii) dividends, (iii) strategic opportunities and acquisitions, and (iv) share repurchases if excess capital is available.

82   Truist Financial Corporation

Truist Bank’s capital ratios are presented in the following table:Table 40: Capital Ratios - Truist BankDec 31, 2024Dec 31, 2023CET112.6 %11.7 %Tier 1 capital12.6 11.7 Total capital14.3 13.3 Leverage ratio10.1 9.2 Supplementary leverage ratio8.5 7.9

The Parent Company’s capital ratios are presented in the following table:Table 41: Capital Ratios - Truist Financial Corporation(Dollars in millions)Dec 31, 2024Dec 31, 2023Risk-based: CET111.5 %10.1 %Tier 1 capital12.9 11.6 Total capital15.0 13.7 Leverage ratio10.5 9.3 Supplementary leverage ratio8.8 7.9 Risk-weighted assets$418,337 $423,705 

Truist’s capital level at December 31, 2024 remains strong compared to the regulatory levels for well-capitalized banks. Truist’s CET1 ratio was 11.5% as of December 31, 2024, up 140 basis points since December 31, 2023 from the sale of TIH and organic capital generation, partially offset by common dividends, share repurchases, and the impact of the CECL phase-in under U.S. banking agencies rules. The remaining CECL phase-in will be amortized in the first quarter of 2025.

Truist paid $2.8 billion in common stock dividends, or $2.08 per share, during 2024 and for 2023. Truist repurchased $1.0 billion in common stock for 2024 and had no share repurchases for 2023. In early 2025, Truist declared common dividends of $0.52 per share for the first quarter of 2025.

Capital Contingency Plan

In the event of a realized or potential