Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 413

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7A
Chunk 413
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 Corporation

NOTE 10. Deposits

The composition of deposits is presented in the following table:(Dollars in millions)Dec 31, 2024Dec 31, 2023Noninterest-bearing deposits$107,451 $111,624 Interest-bearing deposits:Interest checking109,042 104,757 Money market and savings137,307 135,923 Time deposits36,724 43,561 Total deposits$390,524 $395,865 Time deposits greater than $250,000$10,041 $10,422 The following table presents time deposit maturities:(Dollars in millions)20252026202720282029ThereafterFuture time deposit maturities$35,442 $616 $398 $91 $175 $2 

NOTE 11. Borrowings

The following table presents a summary of short-term borrowings:(Dollars in millions)Dec 31, 2024Dec 31, 2023FHLB advances$17,400 $20,500 Securities sold under agreements to repurchase9,675 2,427 Securities sold short1,896 1,625 Other short-term borrowings234 276 Total short-term borrowings$29,205 $24,828 The following table presents a summary of long-term debt:(Dollars in millions)Dec 31, 2024Dec 31, 2023Stated RateEffective Rate(1)Carrying AmountCarrying AmountMaturityMinMaxTruist Financial Corporation:Fixed rate senior notes(1)2025to20351.13 %7.16 %4.56 %$22,134 $19,808 Floating rate senior notes— 999 Fixed rate subordinated notes(2)(3)202620333.88 6.00 4.34 1,828 1,831 Capital notes(2)202720285.27 5.55 6.30 634 629 Truist Bank:Fixed rate senior notes202520251.50 4.05 1.74 1,744 4,170 Floating rate senior notes— 1,250 Fixed rate subordinated notes(3)202520302.25 3.80 3.33 4,771 4,770 Floating rate FHLB advances202620264.57