Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 306

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 5
Chunk 306
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.31 0.71 0.02 Commercial construction(0.03)0.04 (0.07)Consumer:Residential mortgage(0.01)0.01 (0.01)Home equity(0.07)(0.12)(0.11)Indirect auto2.11 1.66 1.17 Other consumer1.73 1.40 1.14 Student— 4.39 0.34 Credit card5.26 3.85 2.98 Total0.59 0.50 0.27 Ratio of ALLL to net charge-offs2.7x3.0x5.3x

The following table presents activity related to NPAs:Table 22: Rollforward of NPAs(Dollars in millions)20242023Balance, January 1$1,488 $1,250 New NPAs3,331 3,055 Advances and principal increases454 842 Disposals of foreclosed assets(1)(616)(603)Disposals of NPLs(2)(223)(237)Charge-offs and losses(1,313)(1,013)Payments(1,308)(1,357)Transfers to performing status(309)(440)Other, net(27)(9)Ending balance, December 31$1,477 $1,488 

(1)Includes charge-offs and losses recorded upon sale of $260 million and $196 million for the years ended December 31, 2024 and 2023, respectively.

(2)Includes gains, net of charge-offs and losses recorded upon sale of $14 million for the year ended December 31, 2024, and charge-offs and losses recorded upon sale of $30 million for the year ended December 31, 2023.

Truist Financial Corporation   63

Commercial Credit Concentrations

Truist has established the following general practices to manage commercial credit risk:

•limiting the amount of credit that Truist may extend to a borrower;

•establishing a process for credit approval accountability;

•initial underwriting and analysis of borrower, transaction, market, and collateral risks;

•evaluating the diversity of the loan portfolio in terms of type, industry, and geographical concentration;

•ongoing servicing and monitoring of individual loans and lending relationships;

•continuous monitoring of the portfolio, market dynamics, and the economy; and