Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 388

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7A
Chunk 388
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Overnight and ContinuousUp to 30 daysTotalU.S. Treasury$— $2,445 $300 $2,745 $12 $— $12 State and Municipal350 100 — 450 415 — 415 Agency MBS – residential— 5,750 — 5,750 — 1,500 1,500 Corporate and other debt securities450 280 — 730 420 80 500 Total securities sold under agreements to repurchase$800 $8,575 $300 $9,675 $847 $1,580 $2,427 There were no securities financing transactions subject to legally enforceable master netting arrangements that were eligible for balance sheet netting for the periods presented.

Truist Financial Corporation   113

NOTE 4. Investment Securities

The following tables summarize the Company’s AFS and HTM securities:December 31, 2024(Dollars in millions)Amortized CostGross UnrealizedNet unrealized gains (losses)Fair ValueGainsLossesAFS securities:    U.S. Treasury$14,279 $156 $(24)$132 $14,411 GSE441 1 (39)(38)403 Agency MBS – residential55,769 6 (5,816)(5,810)49,959 Agency MBS – commercial2,938 — (645)(645)2,293 States and political subdivisions390 11 (19)(8)382 Other16 — — — 16 Total AFS securities, excluding portfolio level basis adjustments73,833 174 (6,543)(6,369)67,464 Portfolio level basis adjustments(1)(385)385—Total AFS securities$73,448 $174 $(6,543)$(5,984)$67,464 HTM securities:    Agency MBS – residential$50,640 $— $(10,354)$(10,354)$40,286 December 31, 2023(Dollars in millions)Amortized CostGross UnrealizedNet unrealized gains (losses)Fair ValueGainsLossesAFS securities:    U.S. Treasury$10,511 $2 $(472)$(470)$10,041 GSE393