Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 355

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7A
Chunk 355
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 Other, net— — — — 55 — (11)44 Balance, December 31, 20231,333,743 6,673 6,669 36,177 22,088 (12,506)152 59,253 Net income— — — — 4,818 — 22 4,840 OCI— — — — — 4,293 — 4,293 Issued in connection with equity awards, net5,590 — 28 (27)(10)— — (9)Repurchase of common stock, including excise tax(23,397)— (117)(891)— — — (1,008)Redemption of preferred stock— (766)— — 16 — — (750)Cash dividends declared on common stock— — — — (2,770)— — (2,770)Cash dividends declared on preferred stock— — — — (365)— — (365)Equity-based compensation expense— — — 292 — — — 292 Sale of remaining stake in TIH— — — — — — (190)(190)Other, net— — — 77 — — 16 93 Balance, December 31, 20241,315,936 $5,907 $6,580 $35,628 $23,777 $(8,213)$— $63,679 

The accompanying notes are an integral part of these consolidated financial statements.

Truist Financial Corporation   93

CONSOLIDATED STATEMENTS OF CASH FLOWS(1)

TRUIST FINANCIAL CORPORATION AND SUBSIDIARIES(Dollars in millions)Year Ended December 31,202420232022Cash Flows From Operating Activities:  Net income (loss)$4,840 $(1,047)$6,267 Adjustments to reconcile net income to net cash from operating activities:  Provision for credit losses1,870 2,109 777 Depreciation613 688 783 Amortization of intangibles366 527 583 Goodwill impairment— 6,078 — Securities (gains) losses6,651