Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 434

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7A
Chunk 434
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 to remain “well-capitalized” under the prompt corrective action regulations.Truist is subject to various regulatory capital requirements administered by the Federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a material effect on the financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance-sheet items calculated pursuant to regulatory directives. Truist’s capital amounts and classification also are subject to qualitative judgments by the regulators about components, risk weightings and other factors. Truist is in compliance with these requirements. Banking regulations also identify five capital categories for IDIs: well-capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized. At December 31, 2024 and 2023, Truist and Truist Bank were classified as “well-capitalized,” and management believes that no events or changes have occurred subsequent to year end that would change this designation.Quantitative measures are established by capital-adequacy regulations and require Truist to maintain minimum capital ratios. Risk-based capital ratios, which include CET1, Tier 1 capital and Total capital, are calculated based on regulatory guidance related to the measurement of capital and risk-weighted assets. The following table provides additional detail on regulatory capital ratios:(Dollars in millions)Minimum Capital(1)Well-CapitalizedDecember 31, 2024December 31, 2023RatioAmountRatioAmountTruist Financial Corporation:CET14.5 %NA11.5 %$48,225 10.1 %$42,671 Tier 1 capital6.0 6.0 12.9 54,128 11.6 49,341 Total capital8.0 10.0 15.0 62,583 13.7 58,063 Leverage4.0 NA10.5 54,128 9.3 49,341 Supplementary leverage3.0 NA8.8 54,128 7.9 49,341 Truist Bank:CET14.5 6.5 12.6 51,440 11.7 48,387 Tier 1 capital6.0 8.0 12.6 51,440