Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 152

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 152
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3.5xLoans 90 days or more past due and still accruing as a percentage of loans and leases HFI, excluding government guaranteed(2)0.05 %0.04 %

(1)Includes LHFS.

(2)This asset quality ratio has been adjusted to remove the impact of government guaranteed loans. Management believes the inclusion of such assets in this asset quality ratio results in distortion of this ratio because collection of principal and interest is reasonably assured, or the ratio might not be comparable to other periods presented or to other portfolios that do not have government guarantees.

Table 21: Asset Quality Ratios (Continued)Year Ended December 31,202420232022Net charge-offs as a percentage of average loans and leases HFI:Commercial:Commercial and industrial0.20 %0.20 %0.04 %CRE1.31 0.71 0.02 Commercial construction(0.03)0.04 (0.07)Consumer:Residential mortgage(0.01)0.01 (0.01)Home equity(0.07)(0.12)(0.11)Indirect auto2.11 1.66 1.17 Other consumer1.73 1.40 1.14 Student— 4.39 0.34 Credit card5.26 3.85 2.98 Total0.59 0.50 0.27 Ratio of ALLL to net charge-offs2.7x3.0x5.3x

The following table presents activity related to NPAs:Table 22: Rollforward of NPAs(Dollars in millions)20242023Balance, January 1$1,488 $1,250 New NPAs3,331 3,055 Advances and principal increases454 842 Disposals of foreclosed assets(1)(616)(603)Disposals of NPLs(2)(223)(237)Charge-offs and losses(1,313)(1,013)Payments(1,308)(1,357)Transfers to performing status(309)(440)Other, net(27)(9)Ending balance, December 31$1,477 $1,488 

(1)Includes charge-offs and losses recorded upon sale of $260 million and $196 million for the years ended December 31, 2024 and 2023, respectively.