Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 444

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7A
Chunk 444
---
 fair value of unfunded commitments, was $304 million and $295 million at December 31, 2024 and December 31, 2023, respectively.

Truist Financial Corporation   151

NOTE 19. Derivative Financial Instruments

Impact of Derivatives on the Consolidated Balance SheetsThe following table presents the gross notional amounts and estimated fair value of derivative instruments employed by the Company:December 31, 2024December 31, 2023 Notional AmountFair ValueNotional AmountFair Value(Dollars in millions)AssetsLiabilitiesAssetsLiabilitiesCash flow hedges:      Interest rate contracts:      Swaps hedging commercial loans$66,585 $— $— $17,673 $— $— Fair value hedges:   Interest rate contracts:   Swaps hedging long-term debt 17,368 — — 14,268 — — Swaps hedging AFS securities30,126 — — 24,178 — — Total47,494 — — 38,446 — — Not designated as hedges:      Client-related and other risk management:      Interest rate contracts:      Swaps146,194 488 (1,706)154,692 637 (1,926)Written options9,623 16 (49)12,883 11 (105)Purchased options11,321 29 (1)21,710 102 (1)Futures and forwards4,782 1 (2)3,211 1 (11)Foreign exchange contracts:Swaps7,397 128 (114)3,927 57 (57)Futures and forwards21,966 311 (270)18,563 176 (180)Other760 5 (4)1,990 23 (19)Equity contracts:Written options28,228 12 (2,102)25,835 25 (1,683)Purchased options11,956 1,366 (23)12,796 1,130 (34)Other1,730 6 (41)930 9 (16)Commodity contracts10,988 318 (297)8,367 513 (503)Credit contracts