Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 304

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 5
Chunk 304
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,431 Foreclosed real estate3 3 Other foreclosed property45 54 Total nonperforming assets$1,477 $1,488 Loans 90 days or more past due and still accruing:Commercial and industrial$19 $7 CRE1 — Commercial construction— 1 Residential mortgage – government guaranteed430 418 Residential mortgage – nonguaranteed51 21 Home equity9 11 Indirect auto— 2 Other consumer23 21 Credit card54 53 Total loans 90 days or more past due and still accruing$587 $534 Loans 30-89 days past due and still accruing:Commercial and industrial$168 $230 CRE60 5 Commercial construction3 — Residential mortgage – government guaranteed318 326 Residential mortgage – nonguaranteed401 313 Home equity60 70 Indirect auto622 669 Other consumer236 271 Credit card81 87 Total loans 30-89 days past due and still accruing$1,949 $1,971 

Nonperforming assets totaled $1.5 billion at December 31, 2024, down $11 million compared to December 31, 2023 due to a decline in the LHFS portfolio, partially offset by an increase in the commercial and industrial portfolio. Nonperforming loans and leases represented 0.47% of total loans and leases HFI, up three basis points compared to December 31, 2023.

Loans 90 days or more past 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