Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 235

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 235
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, which are not allocated to individual securities. For additional information, refer to “Note 19. Derivative Financial Instruments.”The amortized cost and estimated fair value of certain MBS securities issued by FNMA and FHLMC that exceeded 10% of shareholders’ equity are shown in the table below:December 31, 2024(Dollars in millions)Amortized CostFair ValueFNMA$29,250 $24,323 FHLMC29,723 24,599 The amortized cost and estimated fair value of the securities portfolio by contractual maturity are shown in the following table. The expected life of MBS may be shorter than the contractual maturities because borrowers have the right to prepay their obligations with or without penalties.Amortized CostFair ValueDecember 31, 2024(Dollars in millions)Due in one year or lessDue after one year through five yearsDue after five years through ten yearsDue after ten yearsTotalDue in one year or lessDue after one year through five yearsDue after five years through ten yearsDue after ten yearsTotalAFS securities:U.S. Treasury$4,491 $9,358 $401 $29 $14,279 $4,512 $9,480 $397 $22 $14,411 GSE2 5 12 422 441 2 5 11 385 403 Agency MBS – residential— 91 386 55,292 55,769 — 88 365 49,506 49,959 Agency MBS – commercial— 9 84 2,845 2,938 — 9 78 2,206 2,293 States and political subdivisions41 67 147 135 390 41 68 146 127 382 Other— 7 9 — 16 — 7 9 — 16 Total AFS securities$4,534 $9,537 $1,039 $58,723 $73,833 $4,555 $9,657 $1,006 $52,246 $67,464 HTM securities:Agency MBS – residential$— $— $— $50,640 $50,640 $— $— $— $40,286 $40,286 

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