Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 302

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 5
Chunk 302
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,589 $2,111 $38,161 CRE858 2,161 401 3 3,423 Commercial construction19 42 22 38 121 Total commercial11,961 16,580 11,012 2,152 41,705 Consumer:Residential mortgage1,560 6,276 17,113 23,743 48,692 Home equity313 956 1,604 409 3,282 Indirect auto5,514 15,958 1,617 — 23,089 Other consumer5,580 13,784 6,611 857 26,832 Total consumer12,967 36,974 26,945 25,009 101,895 Credit card266 — — — 266 Total fixed rate25,194 53,554 37,957 27,161 143,866 Variable rate:   Commercial:Commercial and industrial32,888 73,617 8,234 1,948 116,687 CRE5,139 10,982 813 6 16,940 Commercial construction3,321 4,956 121 1 8,399 Total commercial41,348 89,555 9,168 1,955 142,026 Consumer:Residential mortgage175 776 2,348 3,608 6,907 Home equity623 2,261 3,459 17 6,360 Indirect auto— — — — — Other consumer396 1,813 351 3 2,563 Total consumer1,194 4,850 6,158 3,628 15,830 Credit card4,661 — — — 4,661 Total variable rate47,203 94,405 15,326 5,583 162,517 Total loans and leases HFI$72,397 $147,959 $53,283 $32,744 $306,383 

Certain residential mortgage loans have an initial period where the borrower is only required to pay the periodic interest. After the interest-only period, the loan will require the payment of both interest and principal over the remaining term. The outstanding balances of variable rate residential mortgage loans in the interest-only phase were approximately $647 million and $