Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 8

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 3
Chunk 8
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 classified as “well-capitalized,” and management believes that no events or changes have occurred subsequent to year end that would change this designation.Quantitative measures are established by capital-adequacy regulations and require Truist to maintain minimum capital ratios. Risk-based capital ratios, which include CET1, Tier 1 capital and Total capital, are calculated based on regulatory guidance related to the measurement of capital and risk-weighted assets. The following table provides additional detail on regulatory capital ratios:(Dollars in millions)Minimum Capital(1)Well-CapitalizedDecember 31, 2024December 31, 2023RatioAmountRatioAmountTruist Financial Corporation:CET14.5 %NA11.5 %$48,225 10.1 %$42,671 Tier 1 capital6.0 6.0 12.9 54,128 11.6 49,341 Total capital8.0 10.0 15.0 62,583 13.7 58,063 Leverage4.0 NA10.5 54,128 9.3 49,341 Supplementary leverage3.0 NA8.8 54,128 7.9 49,341 Truist Bank:CET14.5 6.5 12.6 51,440 11.7 48,387 Tier 1 capital6.0 8.0 12.6 51,440 11.7 48,387 Total capital8.0 10.0 14.3 58,172 13.3 55,227 Leverage4.0 5.0 10.1 51,440 9.2 48,387 Supplementary leverage3.0 NA8.5 51,440 7.9 48,387 (1)Truist is subject to an SCB requirement of 2.8% applicable to Truist as of December 31, 2024. Truist’s SCB requirement, received in the 2024 CCAR process, is effective from October 1, 2024 to September 30, 2025. Truist Bank is subject to a CCB requirement of 2.5%. The SCB and CCB are amounts above the minimum levels designed to enhance the capitalization of banks.As an approved