Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 311

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 5
Chunk 311
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)Represents other remaining property types that are deemed to be individually insignificant.

(2)Includes non-U.S. loans of $54 million and $73 million at December 31, 2024 and December 31, 2023, respectively. The remainder represents other remaining states that are deemed to be individually insignificant.

Table 25: Commercial Construction Portfolio Property Type and GeographyDecember 31, 2024December 31, 2023(Dollars in millions)LHFI% of TotalNPLLHFI% of TotalNPLIndustry:Multifamily$4,918 57.7 %$— $3,868 57.9 %$23 Industrial1,680 19.7 — 877 13.1 — Single Family - CP664 7.8 2 819 12.3 — Office627 7.4 — 634 9.5 1 Single Family - AD and CL187 2.2 1 196 2.9 — Other(1)444 5.2 — 289 4.3 — Total commercial construction$8,520 100.0 %$3 $6,683 100.0 %$24 Geography:Texas$1,345 15.8 $— $956 14.3 $23 Georgia1,294 15.2 — 1,059 15.8 — Florida1,138 13.4 — 741 11.1 — North Carolina992 11.6 1 777 11.6 — California492 5.8 — 512 7.7 — Other(2)3,259 38.2 2 2,638 39.5 1 Total commercial construction$8,520 100.0 %$3 $6,683 100.0 %$24 

(1)Represents other remaining property types that are deemed to be individually insignificant.

(2)Includes an immaterial amount of non-U.S. loans at December 31, 2024 and $16 million at December 31, 2023. The remainder represents other remaining states that are deemed to be individually insignificant.

See additional information on the commercial portfolios in “Note 5. Loans and ACL,” including loans by