Company: TFC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000092230-25-000050
Chunk: 9

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 3
Chunk 9
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 securities and obligations in accordance with their terms of issuance. Credit ratings influence both borrowing costs and access to the capital markets. The Company’s credit ratings are continuously monitored by the rating agencies and are subject to change at any time. As Truist seeks to maintain high-quality credit ratings, management meets with the major rating agencies on a regular basis to provide financial and business updates and to discuss current outlooks and trends. See Item 1A, “Risk Factors” in Truist’s Annual Report on Form 10-K for the year ended December 31, 2024 for additional information regarding factors that influence credit ratings and potential risks that could materialize in the event of downgrade in the Company’s credit ratings.

The following table presents the credit ratings and outlooks of the Parent Company and Truist Bank as of March 31, 2025:

Table 22: Credit Ratings of Truist Financial Corporation and Truist Bank Moody’sS&PFitchDBRS MorningstarTruist Financial Corporation:IssuerBaa1A- / A-2A / F1AAL / R-1MSenior unsecuredBaa1A-A-AALSubordinatedBaa1BBB+BBB+AHPreferred stockBaa3(hyb)BBB-BBB-ALTruist Bank:IssuerA3A / A-1A / F1AA / R-1HSenior unsecuredA3AAAADepositsA1/P-1NAA+ / F1AASubordinated(P) A3A-A-AALRatings outlook:Credit trendStableStableStableStable

Capital

The maintenance of appropriate levels of capital is a management priority and is monitored on a regular basis. Truist’s principal goals related to the maintenance of capital are to provide adequate capital to support Truist’s risk profile consistent with the Board-approved risk appetite, provide financial flexibility to support future growth and client needs, comply with relevant laws, regulations, and supervisory guidance, achieve optimal credit ratings for Truist, for the Parent Company to remain a source of strength for the Parent Company’s subsidiaries, and provide a competitive return to shareholders. Risk-based capital ratios, which include CET1 capital, Tier 1 capital, and Total capital are calculated based on regulatory guidance related to the measurement of capital and risk-weighted assets.

Truist Financial Corporation   69

Management regularly monitors the capital position of Truist on both a consolidated and bank-level