Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 403

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7A
Chunk 403
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39 Total$1,530 $209 $104 $1,053 $310 $220 $3,426 1.10 

Truist Financial Corporation   121

Year Ended December 31, 2024Loan TypeFinancial EffectRenewalsCommercial and industrialExtended the term by 13 months and increased the interest rate by 0.3%CREExtended the term by 17 months and increased the interest rate by 0.3%Commercial constructionExtended the term by 27 months and increased the interest rate by 0.1%Term ExtensionsResidential mortgageExtended the term by 108 months.Home equityExtended the term by 172 months.Indirect autoExtended the term by 29 months.Other consumerExtended the term by 24 months.Interest Rate AdjustmentsCommercial and industrialIncreased the interest rate by 1%.Other consumerDecreased the interest rate by 2%.Credit cardDecreased the interest rate by 19%.CapitalizationsResidential mortgageCapitalized a portion of forborne loan and other advanced payments into the outstanding loan balance.Payment DelaysCommercial and industrialProvided 97 days of payment deferral.Residential mortgageProvided 212 days of payment deferral.Home equityProvided 179 days of payment deferral.Indirect autoProvided 212 days of payment deferral.Other consumerProvided 158 days of payment deferral.Combination - Capitalization and Term ExtensionResidential mortgageCapitalized a portion of forborne loan and other advanced payments into the outstanding loan balance and extended the term by 88 months.

122   Truist Financial Corporation

Year Ended December 31, 2023Loan TypeFinancial EffectRenewalsCommercial and industrialExtended the term by 7 months and increased the interest rate by 0.6%CREExtended the term by 11 months and increased the interest rate by 0.2%Commercial constructionExtended the term by 21 months and increased the interest rate by 0.3%Term ExtensionsCommercial and industrialExtended the term by 3 monthsResidential mortgageExtended the term by 131 monthsIndirect autoExtended the term by 23 monthsOther consumerExtended the term by 24 monthsCapitalizationsResidential mortgageCapitalized a portion of forborne loan and other advanced payments into the outstanding loan balancePayment DelaysCommercial and industrialProvided 183 days of payment deferralCREProvided 232 days of payment deferralResidential mortgageProvided 209 days of payment deferralHome equityProvided 167 days