Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 150

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 150
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.8% due to declines in the commercial and industrial and CRE portfolios.

•Average consumer loans and credit cards increased 1.2% due to growth in the indirect auto, residential mortgage, and other consumer portfolios.

Truist Financial Corporation   61

Asset Quality

The following tables summarize asset quality information:

Table 19: Asset Quality(Dollars in millions)Dec 31, 2024Dec 31, 2023NPAs:NPLs:Commercial and industrial$521 $470 CRE298 284 Commercial construction3 24 Residential mortgage166 153 Home equity116 122 Indirect auto259 268 Other consumer66 59 Total NPLs HFI1,429 1,380 Loans held for sale— 51 Total nonperforming loans and leases1,429 1,431 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