Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 337

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7A
Chunk 337
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 the 2024 CCAR process and received a SCB requirement of 2.8% for the period October 1, 2024 to September 30, 2025, down 10 basis points from the SCB requirement for the period October 1, 2023 to September 30, 2024.

Payments of cash dividends and repurchases of common shares are among the methods used to manage any excess capital generated. In addition, management closely monitors the Parent Company’s double leverage ratio (investments in subsidiaries as a percentage of shareholders’ equity). The active management of the subsidiaries’ equity capital is the process used to manage this important driver of Parent Company liquidity and is a key element in the management of Truist’s capital position.

Management intends to maintain capital at Truist Bank at levels that exceed the minimum capital plus CCB. This will also result in Truist Bank being “well-capitalized” for regulatory purposes.

Management’s capital deployment plan in order of preference is to focus on (i) organic growth, (ii) dividends, (iii) strategic opportunities and acquisitions, and (iv) share repurchases if excess capital is available.

82   Truist Financial Corporation

Truist Bank’s capital ratios are presented in the following table:Table 40: Capital Ratios - Truist BankDec 31, 2024Dec 31, 2023CET112.6 %11.7 %Tier 1 capital12.6 11.7 Total capital14.3 13.3 Leverage ratio10.1 9.2 Supplementary leverage ratio8.5 7.9

The Parent Company’s capital ratios are presented in the following table:Table 41: Capital Ratios - Truist Financial Corporation(Dollars in millions)Dec 31, 2024Dec 31, 2023Risk-based: CET111.5 %10.1 %Tier 1 capital12.9 11.6 Total capital15.0 13.7 Leverage ratio10.5 9.3 Supplementary leverage ratio8.8 7.9 Risk-weighted assets$418,337 $423,705 

Truist’s capital level at December 31, 2024 remains strong compared to the regulatory levels for well-capitalized banks. Truist’s CET1 ratio was 11.5% as of December 31