Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 234

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 234
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 4. Investment Securities

The following tables summarize the Company’s AFS and HTM securities:December 31, 2024(Dollars in millions)Amortized CostGross UnrealizedNet unrealized gains (losses)Fair ValueGainsLossesAFS securities:    U.S. Treasury$14,279 $156 $(24)$132 $14,411 GSE441 1 (39)(38)403 Agency MBS – residential55,769 6 (5,816)(5,810)49,959 Agency MBS – commercial2,938 — (645)(645)2,293 States and political subdivisions390 11 (19)(8)382 Other16 — — — 16 Total AFS securities, excluding portfolio level basis adjustments73,833 174 (6,543)(6,369)67,464 Portfolio level basis adjustments(1)(385)385—Total AFS securities$73,448 $174 $(6,543)$(5,984)$67,464 HTM securities:    Agency MBS – residential$50,640 $— $(10,354)$(10,354)$40,286 December 31, 2023(Dollars in millions)Amortized CostGross UnrealizedNet unrealized gains (losses)Fair ValueGainsLossesAFS securities:    U.S. Treasury$10,511 $2 $(472)$(470)$10,041 GSE393 3 (34)(31)362 Agency MBS – residential60,989 — (9,700)(9,700)51,289 Agency MBS – commercial2,817 — (569)(569)2,248 States and political subdivisions421 17 (13)4 425 Non-agency MBS3,698 — (717)(717)2,981 Other20 — — — 20 Total AFS securities$78,849 $22 $(11,505)$(11,483)$67,366 HTM securities:    Agency MBS – residential$54,107 $— $(9,477)$(9,477)$44,630 (1)Represents fair value hedge basis adjustments related to active portfolio layer method hedges