Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 24

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 3
Chunk 24
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,006 960 Derivatives in a net loss position secured by collateral1,200 1,052 Central counterparties clearing:Cash collateral, including initial margin, posted to central clearing parties44 14 Derivatives in a net loss position— 8 Derivatives in a net gain position4 2 Securities pledged to central counterparties clearing517 1,249 

156   Truist Financial Corporation

NOTE 20. Computation of EPS

Basic and diluted EPS calculations are presented in the following table: Year Ended December 31,(Dollars in millions, except per share data, shares in thousands)202420232022Net income (loss) available to common shareholders from continuing operations$(394)$(1,864)$5,446 Net income available to common shareholders from discontinued operations4,863 412 481 Net income (loss) available to common shareholders$4,469 $(1,452)$5,927 Weighted average number of common shares1,331,087 1,331,963 1,328,120 Effect of dilutive outstanding equity-based awards(1)— — 10,342 Weighted average number of diluted common shares1,331,087 1,331,963 1,338,462 Basic earnings from continuing operations$(0.30)$(1.40)$4.10 Basic earnings from discontinued operations3.66 0.31 0.36 Basic EPS$3.36 $(1.09)$4.46 Diluted earnings from continuing operations$(0.30)$(1.40)$4.07 Diluted earnings from discontinued operations3.66 0.31 0.36 Diluted EPS$3.36 $(1.09)$4.43 Anti-dilutive awards13,831 11,143 93 (1)For periods ended with a net loss available to common shareholders from continuing operations, the calculation of GAAP diluted EPS uses the basic weighted average shares outstanding.

Truist Financial Corporation   157

NOTE 21. Operating Segments

Effective January 1, 2024, several business activities were realigned reflecting updates to the Company’s operating structure. First, the CB&W segment was renamed CSBB and the C&CB segment was renamed WB. Second, the Wealth business was realigned into the WB segment from the CSBB segment, representing a separate