Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 134

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 134
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 borrowings24,499 24,478 14,957 5.36 5.25 2.58 1,313 1,286 385 27 26 1 901 558 343 Long-term debt36,713 49,678 34,172 4.94 4.46 2.31 1,813 2,215 791 (402)220 (622)1,424 958 466 Total interest-bearing liabilities341,441 353,265 321,827 3.21 2.81 0.72 10,975 9,928 2,321 1,047 1,596 (549)7,607 6,605 1,002 Noninterest-bearing deposits107,639 122,018 145,392           Other liabilities13,343 11,560 9,994            Liabilities of discontinued operations1,049 3,190 2,800 Shareholders’ equity62,593 63,099 63,817            Total liabilities and shareholders’ equity$526,065 $553,132 $543,830            Average interest-rate spread  2.14 %2.18 %2.77 %        NIM/net interest income - TE  3.03 %2.98 %3.01 %$14,303 $14,744 $14,455 $(441)$(191)$(250)$289 $718 $(429)Taxable-equivalent adjustment    $212 $220 $142    Memo: Total deposits$387,868 $401,127 $418,090 2.02 %1.60 %0.27 %$7,849 $6,427 $1,145 $1,422 $5,282 

(1)Represents daily average balances. Unrealized gains and losses on available-for-sale securities are included in nonearning assets. Active hedge basis adjustments for fair value hedges are included in nonearning assets and other liabilities. In 2024, Truist revised its presentation of active hedge basis adjustments for fair value hedges on securities to be included in nonearning assets for all periods presented.

(2)Yields are stated on a TE basis utilizing a federal tax rate of 21%.