Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 248

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 248
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6 10 0.10 Indirect auto— 35 — — 1,374 — 28 1,437 6.22 Other consumer— 37 1 — 1 — 4 43 0.15 Credit card— — 35 — — — 1 36 0.73 Total$1,461 $150 $48 $54 $1,440 $226 $307 $3,686 1.20 Year Ended December 31, 2023(Dollars in millions)RenewalsTerm ExtensionsCapitalizationsPayment DelaysCombination -Capitalization and Term ExtensionOtherTotal Modified LoansPercentage of Total Class of Financing ReceivableCommercial:Commercial and industrial$1,158 $51 $— $24 $— $92 $1,325 0.82 %CRE347 — — 72 — — 419 1.86 Commercial construction25 — — — — — 25 0.37 Consumer:Residential mortgage— 111 104 58 310 68 651 1.17 Home equity— — — 2 — 11 13 0.13 Indirect auto— 26 — 896 — 23 945 4.16 Other consumer— 21 — 1 — 6 28 0.10 Credit card— — — — — 20 20 0.39 Total$1,530 $209 $104 $1,053 $310 $220 $3,426 1.10 

Truist Financial Corporation   121

Year Ended December 31, 2024Loan TypeFinancial EffectRenewalsCommercial and industrialExtended the term by 13 months and increased the interest rate by 0.3%CREExtended the term by 17 months and increased the interest rate by 0.3%Commercial constructionExtended the term by 27 months and increased the interest rate by 0.1%Term ExtensionsResidential mortgageExtended the term by 108 months.Home equityExtended the term by 172 months.Indirect autoExtended the term by 29 months.Other consumerExtended the term by 24 months.Interest Rate AdjustmentsCommercial and industrialIncreased the interest rate by 1%.