Borrowings (Tables)

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Schedule of Long-Term Debt, Interest Rates and Maturity Dates

The following table presents a summary of long-term debt:

(Dollars in millions)	Jun 30, 2025		Dec 31, 2024
Truist Financial Corporation:(1)
Fixed rate senior notes	$	21,821	$	22,134
Fixed rate subordinated notes(2)	1,823		1,828
Capital notes(2)	636		634
Truist Bank:(1)
Fixed rate senior notes	1,748		1,744
Fixed rate subordinated notes(2)	4,796		4,771
Floating rate FHLB advances	12,150		2,400
Other long-term debt(3)	1,453		1,445
Total long-term debt	$	44,427	$	34,956

(1)Certain senior and subordinated notes convert from fixed to floating one year prior to maturity, and are callable within the final year of maturity at par.

(2)Subordinated and capital notes with a remaining maturity of one year or greater qualify under the risk-based capital guidelines as Tier 2 supplementary capital, subject to certain limitations.

(3)Includes debt associated with finance leases, tax credit investments, and other.

In July 2025, Truist redeemed all $1.5 billion principal amount outstanding of its fixed-to-floating rate senior holding company notes due July 28, 2026.

In July 2025, Truist issued $1.5 billion principal amount of fixed-to-floating rate senior bank notes with an interest rate of 4.42% due July 24, 2028 and $500 million floating rate senior bank notes due July 24, 2028.