Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 307

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 5
Chunk 307
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•periodically reevaluating the Company’s strategy and overall exposure as economic, market, and other relevant conditions change.

Truist monitors various segments of its credit portfolios to assess potential concentration risks. Management is involved in the credit approval and review process, and risk acceptance criteria are adjusted as needed to reflect the Company’s risk appetite. Consistent with established risk management objectives, the Company utilizes various risk mitigation techniques, including collecting collateral and security interests, obtaining guarantees, and, to a limited extent, through the purchase of credit loss protection via third-party insurance or use of credit derivatives such as credit default swaps.

In the commercial portfolio, risk concentrations are evaluated regularly on both an aggregate portfolio level and on an individual client basis. The Company manages its commercial exposure through portfolio targets, limits, and transactional risk acceptance criteria as well as other techniques, including loan syndications/participations, loan sales, collateral, structure, covenants, and other risk reduction techniques.

The following tables provide industry distribution by major types of commercial credit exposure and the geographical distribution of commercial exposures. Industry classification for commercial and industrial loans is based on the North American Industry Classification System. CRE loans are classified based on type of property. For the geographic disclosures, amounts are generally assigned to a state based on the physical billing address of the client or physical property address.

64   Truist Financial Corporation

Table 23: Commercial and Industrial Portfolio Industry and GeographyDecember 31, 2024December 31, 2023(Dollars in millions)LHFI% of TotalNPLLHFI% of TotalNPLIndustry:(1)Finance and insurance$24,271 15.7 %$28 $21,929 13.6 %$40 Retail trade12,488 8.1 66 12,368 7.7 89 Manufacturing12,298 7.9 62 14,090 8.8 65 Health care and social assistance12,154 7.8 129 13,078 8.1 46 Real estate and rental and leasing11,354 7.3 3 11,001 6.8 16 Public administration8,860 5.7 — 9,280 5.8 — Wholesale trade7,428 4.8 45 7,471 4.6 3 Information5,235 3.4 66 5,727 3