Company: TFC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092230-25-000157
Chunk: 9

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 3
Chunk 9
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 transactions.

Access to funding at the Parent Company is more sensitive to market disruptions. Therefore, Truist manages cash levels at the Parent Company to exceed a minimum of 12 months of projected cash outflows. In determining the buffer, Truist considers cash requirements for common and preferred dividends, unfunded commitments to affiliates, serving as a source of strength to Truist Bank, and being able to withstand sustained market disruptions that could limit access to the capital markets. At September 30, 2025, the Parent Company held cash on hand to meet these requirements.

Credit Ratings

Credit ratings are forward-looking opinions of rating agencies as to the Company’s ability to meet its financial commitments and repay its securities and obligations in accordance with their terms of issuance. Credit ratings influence both borrowing costs and access to the capital markets. The Company’s credit ratings are continuously monitored by the rating agencies and are subject to change at any time. As Truist seeks to maintain high-quality credit ratings, management meets with the major rating agencies on a regular basis to provide financial and business updates and to discuss current outlooks and trends. See Item 1A, “Risk Factors” in Truist’s Annual Report on Form 10-K for the year ended December 31, 2024 for additional information regarding factors that influence credit ratings and potential risks that could materialize in the event of downgrade in the Company’s credit ratings.

The following table presents the credit ratings and outlooks of the Parent Company and Truist Bank as of September 30, 2025:

Table 22: Credit Ratings of Truist Financial Corporation and Truist Bank Moody’sS&PFitchDBRS MorningstarTruist Financial Corporation:IssuerBaa1A- / A-2A / F1AAL / R-1MSenior unsecuredBaa1A-A-AALSubordinatedBaa1BBB+BBB+AHPreferred stockBaa3(hyb)BBB-BBB-ALTruist Bank:IssuerA3A / A-1A / F1AA / R-1HSenior unsecuredA3AAAADepositsA1 / P-1NAA+ / F1AASubordinated(P) A3A-A-AALRatings outlook:Credit trendStableStableStableStable

74   Truist Financial Corporation

Capital

The maintenance of appropriate levels of capital is a management priority and is monitored on a regular basis. Truist