Company: TFC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000092230-25-000020
Chunk: 199

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 199
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331,963 1,338,462 

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

Truist Financial Corporation   91

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

TRUIST FINANCIAL CORPORATION AND SUBSIDIARIES(Dollars in millions)Year Ended December 31,202420232022Net income (loss)$4,840 $(1,047)$6,267 OCI, net of tax:Net change in net pension and postretirement costs431 456 (1,449)Net change in cash flow hedges(561)(222)(69)Net change in AFS securities4,205 617 (10,757)Net change in HTM securities222 241 284 Other, net(4)3 (6)Total OCI, net of tax4,293 1,095 (11,997)Total comprehensive income (loss)$9,133 $48 $(5,730)Income Tax Effect of Items Included in OCI:Net change in net pension and postretirement costs$133 $138 $(445)Net change in cash flow hedges(174)(69)(21)Net change in AFS securities1,294 155 (3,277)Net change in HTM securities66 65 83 Other, net1 — — Total income taxes related to OCI$1,320 $289 $(3,660)

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

92   Truist Financial Corporation

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

TRUIST FINANCIAL CORPORATION AND SUBSIDIARIES(Dollars in millions, shares in thousands)Shares of Common StockPreferred StockCommon StockAdditional Paid-In CapitalRetained EarningsAOCINoncontrolling InterestsTotal Shareholders’ EquityBalance, January 1, 20221,327,818 $6,673 $6,639 $34,565 $22,998 $(1,604)$— $69,271 Net income— — — — 6,260 — 7 6,267 OCI— — — — — (11,997)— (11,997)Issued in connection with equity awards, net4,119 — 21 (115)(5)—