TRUIST FINANCIAL CORP

Listed Company

TFC-PICIK 0000092230NYSELarge AcceleratedNational Commercial BanksNorth CarolinaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$5.31B

Total Assets

$547.54B

Equity

$65.19B

Shares Out

1.25B

Op. Cash Flow

$5.74B

+ 13F Filer

Business

Truist Financial Corporation provides a broad range of banking and financial services to consumer, small business, commercial, and institutional clients. It offers consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, asset management, trust and custody, and a variety of specialized lending and payment solutions. Truist operates through wholesale and consumer business segments and a network of subsidiaries, including Truist Bank and broker‑dealer, investment adviser, and swap‑dealer affiliates. The company distributes its products through an extensive U.S. branch network and digital channels, with concentrated market presence in several high‑growth U.S. regions.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans and leases	18,744	19,230	19,518	13,252	11,481
Interest on securities	3,773	3,506	3,066	2,763	2,090
Interest on other earning assets	2,025	2,330	1,868	619	203
Total interest income	24,542	25,066	24,452	16,634	13,774
Interest on deposits	7,048	7,849	6,427	1,145	148
Interest on long-term debt	1,844	1,813	2,215	791	573
Interest on other borrowings	1,227	1,313	1,286	385	47
Total interest expense	10,119	10,975	9,928	2,321	—
Net Interest Income	14,423	14,091	14,524	14,313	13,006
Provision for credit losses	1,894	1,870	2,109	777	−813
Net Interest Income After Provision for Credit Losses	12,529	12,221	12,415	13,536	13,819
Noninterest income	5,896	−813	5,498	5,660	9,290
Personnel expense	6,848	6,587	6,765	6,558	8,632
Professional fees and outside processing	1,420	1,342	1,194	1,322	1,442
Software expense	936	896	868	887	945
Net occupancy expense	710	695	732	690	764
Equipment expense	351	373	381	449	513
Marketing and customer development	299	268	260	321	294
Amortization of intangibles	290	345	395	455	574
Regulatory costs	163	344	824	183	137
Goodwill impairment	0	0	6,078	0	0
Other expense	1,059	1,159	1,181	652	803
Total noninterest expense	12,076	12,009	18,678	12,167	15,116
Income (loss) before income taxes	6,349	−601	−765	7,029	7,993
Provision (benefit) for income taxes	1,042	−556	738	1,250	1,556
Net income (loss) from continuing operations	5,307	−45	−1,503	5,779	—
Net income from discontinued operations	0	4,885	456	488	—
Net income (loss)	5,307	4,840	−1,047	6,267	6,437
Noncontrolling interests from discontinued operations	0	22	44	7	−3
Preferred stock dividends and other	333	349	361	333	407
Net income (loss) available to common shareholders	4,974	4,469	−1,452	5,927	6,033
Basic EPS from continuing operations (in dollars per share)	3.87	−0.3	−1.4	4.1	—
Basic EPS (in dollars per share)	3.87	3.36	−1.09	4.46	4.51
Diluted EPS from continuing operations (in dollars per share)	3.82	−0.3	−1.4	4.07	—
Diluted EPS (in dollars per share)	3.82	3.36	−1.09	4.43	4.47
Basic weighted average shares outstanding (in shares)	1,287	1,331	1,332	1,328	1,337
Diluted weighted average shares outstanding (in shares)	1,303	1,331	1,332	1,338	1,349

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	4,967	5,793	5,000	5,379	5,085
Interest-bearing deposits with banks	31,410	33,975	25,230	16,042	15,210
Securities borrowed or purchased under agreements to resell	3,200	2,550	2,378	3,181	4,028
Trading assets at fair value	5,790	5,100	4,332	4,905	4,423
AFS securities at fair value	65,042	67,464	67,366	71,801	153,123
HTM securities (fair value of $39,130 and $40,286, respectively)	47,186	50,640	54,107	57,713	1,494
LHFS (including $1,622 and $1,233 at fair value, respectively)	1,883	1,388	1,280	1,444	4,812
Loans and leases (including $11 and $13 at fair value, respectively)	328,595	306,383	312,061	—	—
ALLL	−5,030	−4,857	−4,798	—	—
Loans and leases, net of ALLL	323,565	301,526	307,263	—	—
Premises and equipment	3,172	3,225	3,298	3,605	3,700
Goodwill	17,125	17,125	17,156	23,233	26,098
CDI and other intangible assets	1,256	1,550	1,909	3,672	3,408
Loan servicing rights at fair value	3,972	3,708	3,378	3,758	2,633
Other assets (including $1,725 and $1,271 at fair value, respectively)	38,970	37,132	34,997	35,128	32,149
Total assets	547,538	531,176	535,349	555,255	541,241
Noninterest-bearing deposits	105,092	107,451	111,624	135,742	145,892
Interest-bearing deposits (including $639 and $192 at fair value, respectively)	295,306	283,073	284,241	277,753	270,596
Short-term borrowings (including $2,394 and $1,896 at fair value, respectively)	27,839	29,205	24,828	23,422	5,292
Long-term debt	41,963	34,956	38,918	43,203	35,913
Other liabilities (including $1,797 and $2,286 at fair value, respectively)	12,149	12,812	12,946	14,598	14,277
Total liabilities	482,349	467,497	476,096	494,718	471,970
Preferred stock	4,916	5,907	6,673	6,673	6,673
Common stock, $5 par value	6,312	6,580	6,669	6,634	6,639
Additional paid-in capital	33,663	35,628	36,177	34,544	34,565
Retained earnings	26,067	23,777	22,088	26,264	22,998
AOCI, net of deferred income taxes	−5,769	−8,213	−12,506	−13,601	−1,604
Total shareholders equity	65,189	63,679	—	—	—
Total liabilities and shareholders equity	547,538	531,176	535,349	555,255	541,241
Common shares outstanding	1,262	1,316	1,334	1,327	1,328
Common shares authorized	2,000	2,000	2,000	2,000	2,000
Preferred shares outstanding	176,000	216,000	223,000	223,000	223,000
Preferred shares authorized	5	5	5	5	5

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	547	613	688	783	810
Amortization of intangibles	290	366	527	583	—
Securities (gains) losses	19	6,651	0	71	0
Gain on sale of TIH, net of tax	0	−4,841	0	0	—
LHFS	−389	−381	213	2,479	1,411
Pension asset	−682	−675	−2,024	1,399	−1,580
Derivative assets and liabilities	−787	−587	409	3,836	1,296
Trading assets	−690	−768	573	−482	−551
Investments in affordable housing projects and other qualified tax credits	−267	−1,028	−884	−532	—
Other assets and other liabilities	−35	−4,715	1,984	−902	285
Other, net	532	819	5	−2,385	229
Net cash flows from operating activities	5,739	2,164	8,631	11,081	7,892
Proceeds from sales of AFS securities	2,719	27,643	21	3,314	148
Proceeds from maturities, calls and paydowns of AFS securities	16,457	14,907	10,009	12,299	33,968
Purchases of AFS securities	−14,475	−44,741	−4,230	−9,357	−70,775
Proceeds from maturities, calls and paydowns of HTM securities	3,748	3,774	3,934	5,140	0
Originations of loans and leases, net of principal collected	−23,780	4,787	7,300	−32,267	—
Purchases of loans and leases	−892	−1,317	−301	−1,173	—
Sales of loans and leases	615	708	5,203	600	—
Net cash received (paid) for securities borrowed or purchased under agreements to resell	−650	−172	803	847	−2,283
Net cash received (paid) for asset acquisitions, business combinations, and divestitures	0	12,174	−17	−4,673	—
Other, net	−1,505	835	136	−451	−1,379
Net cash flows from investing activities	−17,763	18,598	22,858	−29,972	−32,056
Net change in deposits	9,874	−6,883	−17,630	−2,986	35,423
Net change in short-term borrowings	−1,345	4,359	1,397	18,060	−800
Proceeds from issuance of long-term debt	69,755	22,799	50,943	15,777	4,728
Repayment of long-term debt	−63,084	−26,797	−55,018	−7,297	−7,959
Repurchase of common stock	−2,500	−1,000	0	−250	−1,616
Redemption of preferred stock	−1,000	−750	0	0	−1,415
Cash dividends paid on common stock	−2,672	−2,770	−2,770	−2,656	−2,485
Cash dividends paid on preferred stock	−324	−365	−361	−333	−367
Net cash received (paid) for hedge unwinds	0	−207	−737	−185	0
Net cash from TIH minority stake sale	0	0	1,922	0	0
Other, net	−71	−24	−12	−113	82
Net cash flows from financing activities	8,633	−11,638	−22,266	20,017	25,591
Net Change in Cash and Cash Equivalents	−3,391	9,124	9,223	1,126	1,427
Interest expense	10,073	11,340	9,138	2,007	859
Income taxes	192	830	780	479	792
Transfer of loans HFI to LHFS	750	600	5,219	549	925

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 6,572 positions

Reported AUM

$63.34B

Holdings

6.6K

Top sector

$63.34B

Top sectors

Sector	Value	% of portfolio
Uncategorized	$63.34B	100.0%

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