Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 151

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 151
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 due and still accruing totaled $587 million at December 31, 2024, up $53 million compared to the prior year primarily due to an increase in the residential mortgage portfolio. Excluding government guaranteed loans, the ratio of loans 90 days or more past due and still accruing as a percentage of loans and leases HFI was 0.05% at December 31, 2024, up one basis point compared to December 31, 2023.

Loans 30-89 days past due and still accruing totaled $1.9 billion at December 31, 2024, down $22 million compared to the prior year due to declines in the commercial and industrial, indirect auto, and other consumer portfolios, partially offset by increases in the residential mortgage and CRE portfolios. The ratio of loans 30-89 days or more past due and still accruing as a percentage of loans and leases HFI was 0.64% at December 31, 2024, up one basis point compared to the prior year.

62   Truist Financial Corporation

Problem loans include NPLs and loans that are 90 days or more past due and still accruing as disclosed in Table 19. In addition, for the commercial portfolio segment, loans that are rated special mention or substandard performing are closely monitored by management as potential problem loans. Refer to “Note 5. Loans and ACL” for the amortized cost basis of loans by origination year and credit quality indicator as well as additional disclosures related to NPLs.

Table 20: Asset Quality RatiosDec 31, 2024Dec 31, 2023Loans 30-89 days past due and still accruing as a percentage of loans and leases HFI0.64 %0.63 %Loans 90 days or more past due and still accruing as a percentage of loans and leases HFI0.19 0.17 NPLs as a percentage of loans and leases HFI0.47 0.44 NPLs as a percentage of total loans and leases(1)0.46 0.46 NPAs as a percentage of:Total assets(1)0.28 0.28 Loans and leases HFI plus foreclosed property0.48 0.46 ALLL as a percentage of loans and leases HFI1.59 1.54 Ratio of ALLL to NPLs3.4x