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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
 
As required by SEC rules, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of the Company. For further information concerning the Company’s
pay-for-performance
philosophy and how the Company aligns executive compensation with the Company’s performance, please refer to the “Compensation Discussion and Analysis” (the “CD&A”).
 
$ $ $ $ $ $ $ $ $
 
 



 
Summary
Compensation
Table Total for
First PEO
(1)

(Kelly S. King)




 
 
 




 
Summary
Compensation
Table Total for
Second PEO
(1)

(William H.
Rogers, Jr.)





 
 
 


 
Compensation
Actually Paid to
First PEO
(2)

(Kelly S. King)



 
 
 



 
Compensation
Actually Paid to
Second PEO
(2)

(William H.
Rogers, Jr.)




 
 
 




 
Average
Summary
Compensation
Table Total for
Non-PEO

NEOs
(3)





 
 
 



 
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
(4)




 
 
 
Value of Initial Fixed $100
Investment Based On:
 
 

 
Net
Income
(millions)
(7)


 
 
 
EPS
(8)
 
  Year
 
Total
Shareholder
Return
(5)
   
Peer Group
Total
Shareholder
Return
(6)
(a)
 
 
(b)
 
 
 
(b)
 
 
 
(c)
 
 
 
(c)
 
 
 
(d)
 
 
 
(e)
 
 
 
(f)
 
 
(g)
 
 
(h)
 
 
 
(i)
 
2024
 
 
 
 
 
$13,951,543
 
 
 
 
 
 
$18,337,254
 
 
 
$10,156,222
 
 
 
$12,295,764
 
 
 
$ 96.99
 
 
$132.63
 
$
4,840
 
 
$
3.81
 
2023
 
 
 
 
 
$12,401,590
 
 
 
 
 
 
$ 4,483,210
 
 
 
$ 9,336,938
 
 
 
$ 4,007,586
 
 
 
$ 78.39
 
 
$ 96.66
 
$
(1,047
 
$
3.81
 
2022
 
 
 
 
 
$13,237,842
 
 
 
 
 
 
$11,774,153
 
 
 
$ 6,193,618
 
 
 
$ 6,642,889
 
 
 
$ 85.70
 
 
$ 97.53
 
$
6,267
 
 
$
4.96
 
2021
 
 
$15,288,905
 
 
 
$10,395,426
 
 
 
$23,785,332
 
 
 
$24,811,139
 
 
 
$ 9,296,667
 
 
 
$ 9,957,776
 
 
 
$112.04
 
 
$124.08
 
$
6,437
 
 
$
5.53
 
2020
 
 
$14,823,906
 
 
 
 
 
 
$11,068,514
 
 
 
 
 
 
$ 7,678,184
 
 
 
$ 5,076,214
 
 
 
$ 88.87
 
 
$ 89.69
 
$
4,492
 
 
$
3.80
 
 
1.
The dollar amounts reported in column (b) are the amounts of total compensation reported for Mr. William H. Rogers, Jr. (our Chief Executive Officer) and Mr. Kelly S. King (our former Chief Executive Officer) for each corresponding year in the “Total” column of the applicable Summary Compensation Table. Refer to “Compensation of Executive Officers – Summary Compensation Table.” Mr. King served as our Chief Executive Officer during 2020 and 2021. Effective September 12, 2021, Mr. Rogers succeeded Mr. King as Chief Executive Officer. Mr. Rogers has continued to serve as our Chief Executive Officer since that time.
 
2.
The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to the PEOs, Mr. Rogers and Mr. King, as computed in accordance with Item 402(v) of Regulation
S-K.
These dollar amounts do not reflect the actual amount of compensation earned by or paid to Messrs. Rogers or King, as applicable, during the pertinent year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to Mr. Rogers’ total compensation for 2024 to determine the compensation actually paid:
 
Year
Reported
Summary
 Compensation 
Table Total
for PEO
Reported
Value of
Equity
 Awards
(a)
Equity Award
 Adjustments
(b)
Reported Change in
the Actuarial
Present Value of
 Pension Benefits
(c)
Pension Benefit
 Adjustments
(d)
 Compensation 
Actually Paid to
PEO
2024
$
13,951,543
$
(6,488,339
)
$
10,840,513
 
$
33,537
$
18,337,254
 
(a)
Represents the deduction from the “Reported Summary Compensation Table Total for PEO” column for the total grant date fair value of equity awards reported in the “Stock Awards” and “Option Awards” columns in the 2024 Summary Compensation Table.
 
(b)
The equity award adjustments for 2024 include the addition (or subtraction, as applicable) of the following: (i) the
year-end
fair value of any equity awards granted in 2024 that were outstanding and unvested as of the end of 2024; (ii) the amount of change as of the end of 2024 (from the end of the prior fiscal year) in fair value of any awards granted in prior years that were outstanding and unvested as of the end of 2024; (iii) for awards that were granted and vested in 2024, the fair value as of the vesting date; (iv) for awards granted in prior years that vested in 2024, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during 2024, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in 2024 prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for 2024. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
The amounts deducted or added in calculating the equity award adjustments are as follows:
 
Year
 
Year End
Fair Value
of Equity
Awards
Outstanding
and Unvested
as of the End
of the Year
   
Year over
Year Change
in Fair Value
of Outstanding
and Unvested
Equity Awards
   
Fair Value as
of Vesting
Date of Equity
Awards
Granted and
Vested in the
Year
   
Change in Fair
Value of
Equity
Awards
Granted in
Prior Years
that Vested in
the Year
   
Fair Value at
the End of the
Prior Year of
Equity
Awards that
Failed to
Meet Vesting
Conditions in
the Year
   
Value of
Dividends or
Other Earnings
Paid on Stock
or Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
   
Total Equity
Award
Adjustments
 
2024
 
$
8,749,933
 
 
$
2,199,271
 
 
 
 
 
$
(108,691
 
 
 
 
 
 
 
$
10,840,513
 
 
(c)
Represents the deduction for the “Change in Pension Value & Nonqualified Deferred Compensation Earnings” column of the 2024 Summary Compensation Table.
 
 
 
 
(d)
The total pension benefit adjustments for 2024 include the aggregate of two components: (i) the actuarially determined service cost for services rendered by Mr. Rogers during 2024 (the “service cost”); and (ii) the entire cost of benefits granted in a plan amendment (or initiation) during 2024 that were attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation (the “prior service cost”), in each case, calculated in accordance with U.S. GAAP. The amounts deducted or added in calculating the pension benefit adjustments are as follows:
 
Year
 Service Cost 
 Prior Service Cost 
 Total Pension Benefit 
Adjustments
2024
 
$33,537
 
 
$33,537
 
3.
The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s NEOs as a group (excluding Mr. King and/or Mr. Rogers, as applicable) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Messrs. King and Rogers, as applicable, as described above in Note 1) included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2024, Michael B. Maguire, Kristin Lesher, Hugh S. Cummins III, and Dontá L. Wilson; (ii) for 2023, Michael B. Maguire, Hugh S. Cummins III, Clarke R. Starnes III, Dontá L. Wilson, and John M. Howard; (iii) for 2022, Daryl N. Bible, Michael B. Maguire, Hugh S. Cummins III, Clarke R. Starnes III, and Dontá L. Wilson; (iv) for 2021, Hugh S. Cummins III, Clarke R. Starnes III, Daryl N. Bible, John M. Howard, and Christopher L. Henson; and (v) for 2020, William H. Rogers, Jr., Christopher L. Henson, Clarke R. Starnes III, and Daryl N. Bible.
 
4.
The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. King and/or Mr. Rogers, as applicable), as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding Mr. King and/or Mr. Rogers, as applicable) during the pertinent year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to the average total compensation for the NEOs as a group (excluding Mr. Rogers) for 2024 to determine the compensation actually paid, using the same methodology described above in Note 2:
 
Year
Average Reported
Summary
 Compensation Table 
Total for
Non-PEO
NEOs
 Average Reported 
Value of Equity
Awards
 Average Equity 
Award
Adjustments
(a)
 Average Reported 
Change in the
Actuarial Present
Value of Pension
Benefits
Average
Pension
Benefit
 Adjustments
(b)
Average
Compensation
 Actually Paid to 
Non-PEO
NEOs
2024
 
$10,156,222
 
$(5,927,279)
 
$7,936,749
 
$(130,159)
 
$260,231
 
$12,295,764
 
(a)
The amounts deducted or added in calculating the total average equity award adjustments are as follows:
 
   Year
Average
Year End Fair Value
of Equity Awards
Year over Year
Average Change in
Fair Value of
Outstanding and
Unvested Equity
Awards
Average Fair
Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the
Year
Year over Year
Average Change in
Fair Value of Equity
Awards Granted in
Prior Years that
Vested in the Year
Average
Fair Value
at the End
of the
Prior Year
of Equity
Awards
that Failed
to Meet
Vesting
Conditions
in the Year
Average Value
of Dividends
or Other
Earnings Paid
on Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
Total
Average
Equity
Award
Adjustments
2024
 
$7,096,774
 
 
$827,099
 
 
22,947
 
 
$(10,071)
 
 
 
 
 
 
$7,936,749
 
 
(b)
The amounts deducted or added in calculating the total pension benefit adjustments are as follows:
 
   Year
Average Service Cost
Average Prior Service Cost
Total
Average
Pension
Benefit Adjustments
2024
 
$260,231
 
 
$260,231
 
5.
Cumulative TSR is calculated by dividing (i) the sum of (A) the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and (B) the difference between the Company’s share price at the end and the beginning of the measurement period, by (ii) the Company’s share price at the beginning of the measurement period.
 
6.
Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the KBW Nasdaq Bank Index (BKX).
 
7.
The dollar amounts reported represent the amount of GAAP net income reflected in the Company’s audited financial statements for the applicable year.
 
 
 
 
8.
For purposes of our incentive compensation plans, EPS was calculated for 2024 by dividing the Company’s net income available to common shareholders for the applicable year, adjusted for certain unexpected or
non-core
performance items as determined by the Compensation and Human Capital Committee, by the average number of fully diluted common shares outstanding during the year. Because the method of calculating EPS for 2024 differed from the approach used in prior years, the EPS values for 2020–2023 have been recalculated for purposes of this Pay Versus Performance table to be consistent with the method of calculation for 2024. While the Company uses numerous financial and
non-financial
performance measures for the purpose of evaluating performance for the Company’s compensation programs, the Company has determined that EPS is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table above) used by the Company to link compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to Company performance. EPS for purposes of our incentive compensation plans is a
non-GAAP
financial measure. See
Annex A
for a reconciliation of GAAP earnings per share to EPS for purposes of our incentive compensation plans for 2024 and 2023. For reconciliations of GAAP earnings per share to EPS for purposes of our incentive compensation plans for 2020-2022, see our fourth quarter earnings presentations for each of those years.
       
Company Selected Measure Name EPS        
Named Executive Officers, Footnote The names of each of the NEOs (excluding Messrs. King and Rogers, as applicable, as described above in Note 1) included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2024, Michael B. Maguire, Kristin Lesher, Hugh S. Cummins III, and Dontá L. Wilson; (ii) for 2023, Michael B. Maguire, Hugh S. Cummins III, Clarke R. Starnes III, Dontá L. Wilson, and John M. Howard; (iii) for 2022, Daryl N. Bible, Michael B. Maguire, Hugh S. Cummins III, Clarke R. Starnes III, and Dontá L. Wilson; (iv) for 2021, Hugh S. Cummins III, Clarke R. Starnes III, Daryl N. Bible, John M. Howard, and Christopher L. Henson; and (v) for 2020, William H. Rogers, Jr., Christopher L. Henson, Clarke R. Starnes III, and Daryl N. Bible.        
Peer Group Issuers, Footnote Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the KBW Nasdaq Bank Index (BKX).        
PEO Actually Paid Compensation Amount $ 12,295,764 $ 4,007,586 $ 6,642,889 $ 9,957,776 $ 5,076,214
Adjustment To PEO Compensation, Footnote
2.
The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to the PEOs, Mr. Rogers and Mr. King, as computed in accordance with Item 402(v) of Regulation
S-K.
These dollar amounts do not reflect the actual amount of compensation earned by or paid to Messrs. Rogers or King, as applicable, during the pertinent year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to Mr. Rogers’ total compensation for 2024 to determine the compensation actually paid:
 
Year
Reported
Summary
 Compensation 
Table Total
for PEO
Reported
Value of
Equity
 Awards
(a)
Equity Award
 Adjustments
(b)
Reported Change in
the Actuarial
Present Value of
 Pension Benefits
(c)
Pension Benefit
 Adjustments
(d)
 Compensation 
Actually Paid to
PEO
2024
$
13,951,543
$
(6,488,339
)
$
10,840,513
 
$
33,537
$
18,337,254
 
(a)
Represents the deduction from the “Reported Summary Compensation Table Total for PEO” column for the total grant date fair value of equity awards reported in the “Stock Awards” and “Option Awards” columns in the 2024 Summary Compensation Table.
 
(b)
The equity award adjustments for 2024 include the addition (or subtraction, as applicable) of the following: (i) the
year-end
fair value of any equity awards granted in 2024 that were outstanding and unvested as of the end of 2024; (ii) the amount of change as of the end of 2024 (from the end of the prior fiscal year) in fair value of any awards granted in prior years that were outstanding and unvested as of the end of 2024; (iii) for awards that were granted and vested in 2024, the fair value as of the vesting date; (iv) for awards granted in prior years that vested in 2024, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during 2024, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in 2024 prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for 2024. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
The amounts deducted or added in calculating the equity award adjustments are as follows:
 
Year
 
Year End
Fair Value
of Equity
Awards
Outstanding
and Unvested
as of the End
of the Year
   
Year over
Year Change
in Fair Value
of Outstanding
and Unvested
Equity Awards
   
Fair Value as
of Vesting
Date of Equity
Awards
Granted and
Vested in the
Year
   
Change in Fair
Value of
Equity
Awards
Granted in
Prior Years
that Vested in
the Year
   
Fair Value at
the End of the
Prior Year of
Equity
Awards that
Failed to
Meet Vesting
Conditions in
the Year
   
Value of
Dividends or
Other Earnings
Paid on Stock
or Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
   
Total Equity
Award
Adjustments
 
2024
 
$
8,749,933
 
 
$
2,199,271
 
 
 
 
 
$
(108,691
 
 
 
 
 
 
 
$
10,840,513
 
 
(c)
Represents the deduction for the “Change in Pension Value & Nonqualified Deferred Compensation Earnings” column of the 2024 Summary Compensation Table.
 
 
 
 
(d)
The total pension benefit adjustments for 2024 include the aggregate of two components: (i) the actuarially determined service cost for services rendered by Mr. Rogers during 2024 (the “service cost”); and (ii) the entire cost of benefits granted in a plan amendment (or initiation) during 2024 that were attributed by the benefit formula to services rendered in periods prior to the plan amendment or initiation (the “prior service cost”), in each case, calculated in accordance with U.S. GAAP. The amounts deducted or added in calculating the pension benefit adjustments are as follows:
       
Non-PEO NEO Average Total Compensation Amount $ 10,156,222 9,336,938 6,193,618 9,296,667 7,678,184
Non-PEO NEO Average Compensation Actually Paid Amount $ 12,295,764        
Adjustment to Non-PEO NEO Compensation Footnote
4.
The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. King and/or Mr. Rogers, as applicable), as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding Mr. King and/or Mr. Rogers, as applicable) during the pertinent year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to the average total compensation for the NEOs as a group (excluding Mr. Rogers) for 2024 to determine the compensation actually paid, using the same methodology described above in Note 2:
 
Year
Average Reported
Summary
 Compensation Table 
Total for
Non-PEO
NEOs
 Average Reported 
Value of Equity
Awards
 Average Equity 
Award
Adjustments
(a)
 Average Reported 
Change in the
Actuarial Present
Value of Pension
Benefits
Average
Pension
Benefit
 Adjustments
(b)
Average
Compensation
 Actually Paid to 
Non-PEO
NEOs
2024
 
$10,156,222
 
$(5,927,279)
 
$7,936,749
 
$(130,159)
 
$260,231
 
$12,295,764
 
(a)
The amounts deducted or added in calculating the total average equity award adjustments are as follows:
 
   Year
Average
Year End Fair Value
of Equity Awards
Year over Year
Average Change in
Fair Value of
Outstanding and
Unvested Equity
Awards
Average Fair
Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the
Year
Year over Year
Average Change in
Fair Value of Equity
Awards Granted in
Prior Years that
Vested in the Year
Average
Fair Value
at the End
of the
Prior Year
of Equity
Awards
that Failed
to Meet
Vesting
Conditions
in the Year
Average Value
of Dividends
or Other
Earnings Paid
on Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
Total
Average
Equity
Award
Adjustments
2024
 
$7,096,774
 
 
$827,099
 
 
22,947
 
 
$(10,071)
 
 
 
 
 
 
$7,936,749
 
 
(b)
The amounts deducted or added in calculating the total pension benefit adjustments are as follows:
 
   Year
Average Service Cost
Average Prior Service Cost
Total
Average
Pension
Benefit Adjustments
2024
 
$260,231
 
 
$260,231
       
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid and Cumulative TSR
 
 
LOGO
       
Compensation Actually Paid vs. Net Income
Compensation Actually Paid and GAAP Net Income
 
 
LOGO
       
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid and EPS
 
 
LOGO
       
Total Shareholder Return Vs Peer Group
Cumulative TSR of the Company and Cumulative TSR of the Peer Group
 
 
LOGO
       
Tabular List, Table
Financial Performance Measures
 
As described in greater detail in the CD&A, the Company’s executive-compensation program reflects a
pay-for-performance
culture at Truist that is rooted in our Purpose, Mission, and Values. The metrics that the Company uses for both our long-term and short-term incentive awards are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our shareholders. The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows:
 
 
 
EPS;
 
 
 
PPNR;
 
 
 
NIE;
 
 
 
TBVPS Plus Dividend Growth;
 
 
 
CET1 Capital Ratio; and
 
 
 
One-Year
TSR.
 
       
Total Shareholder Return Amount $ 96.99 78.39 85.7 112.04 88.87
Peer Group Total Shareholder Return Amount 132.63 96.66 97.53 124.08 89.69
Net Income (Loss) $ 4,840,000,000 $ (1,047,000,000) $ 6,267,000,000 $ 6,437,000,000 $ 4,492,000,000
Company Selected Measure Amount 3.81 3.81 4.96 5.53 3.8
Measure:: 1          
Pay vs Performance Disclosure          
Name EPS        
Non-GAAP Measure Description For purposes of our incentive compensation plans, EPS was calculated for 2024 by dividing the Company’s net income available to common shareholders for the applicable year, adjusted for certain unexpected or
non-core
performance items as determined by the Compensation and Human Capital Committee, by the average number of fully diluted common shares outstanding during the year. Because the method of calculating EPS for 2024 differed from the approach used in prior years, the EPS values for 2020–2023 have been recalculated for purposes of this Pay Versus Performance table to be consistent with the method of calculation for 2024. While the Company uses numerous financial and
non-financial
performance measures for the purpose of evaluating performance for the Company’s compensation programs, the Company has determined that EPS is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table above) used by the Company to link compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to Company performance. EPS for purposes of our incentive compensation plans is a
non-GAAP
financial measure. See
Annex A
for a reconciliation of GAAP earnings per share to EPS for purposes of our incentive compensation plans for 2024 and 2023. For reconciliations of GAAP earnings per share to EPS for purposes of our incentive compensation plans for 2020-2022, see our fourth quarter earnings presentations for each of those years.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name PPNR        
Non-GAAP Measure Description EPS, PPNR, and NIE as discussed in this pay versus
performance
(“PvP”) section are
non-GAAP
financial measures that include adjustments to the corresponding GAAP amounts approved by the Compensation and Human Capital Committee. As such, the terms “EPS,” “PPNR,” and “NIE” used in this PvP section refer to these
as-adjusted
values. Accordingly, the
as-adjusted
EPS, PPNR, and NIE values used for compensation purposes may differ from those identified in the Key Financial and Operational Accomplishments in 2024 in “Section 2—Business and Performance” of the CD&A or the Company’s financial reporting disclosures. For additional detail regarding these adjustments and the calculation of EPS, PPNR, and NIE for 2024 and 2023, please refer to
Annex A
. TBVPS is a non-GAAP financial measure that excludes the impact of intangible assets, net of deferred taxes. Please refer to
Annex A
for the calculation of TBVPS for 2024 and 2023.
       
Measure:: 3          
Pay vs Performance Disclosure          
Name NIE        
Non-GAAP Measure Description EPS, PPNR, and NIE as discussed in this pay versus
performance
(“PvP”) section are
non-GAAP
financial measures that include adjustments to the corresponding GAAP amounts approved by the Compensation and Human Capital Committee. As such, the terms “EPS,” “PPNR,” and “NIE” used in this PvP section refer to these
as-adjusted
values. Accordingly, the
as-adjusted
EPS, PPNR, and NIE values used for compensation purposes may differ from those identified in the Key Financial and Operational Accomplishments in 2024 in “Section 2—Business and Performance” of the CD&A or the Company’s financial reporting disclosures. For additional detail regarding these adjustments and the calculation of EPS, PPNR, and NIE for 2024 and 2023, please refer to
Annex A
. TBVPS is a non-GAAP financial measure that excludes the impact of intangible assets, net of deferred taxes. Please refer to
Annex A
for the calculation of TBVPS for 2024 and 2023.
       
Measure:: 4          
Pay vs Performance Disclosure          
Name TBVPS Plus Dividend Growth        
Measure:: 5          
Pay vs Performance Disclosure          
Name CET1 Capital Ratio        
Measure:: 6          
Pay vs Performance Disclosure          
Name One-Year TSR.        
Mr. William H. Rogers, Jr. [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 13,951,543 $ 12,401,590 $ 13,237,842 $ 10,395,426 $ 0
PEO Actually Paid Compensation Amount $ 18,337,254 4,483,210 11,774,153 24,811,139 0
PEO Name Mr. William H. Rogers, Jr.        
Mr. Kelly S. King [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 0 0 0 15,288,905 14,823,906
Non-PEO NEO Average Total Compensation Amount $ 0 $ 0 $ 0 $ 23,785,332 $ 11,068,514
PEO Name Mr. Kelly S. King        
PEO | Mr. William H. Rogers, Jr. [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0        
PEO | Mr. William H. Rogers, Jr. [Member] | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 33,537        
PEO | Mr. William H. Rogers, Jr. [Member] | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 33,537        
PEO | Mr. William H. Rogers, Jr. [Member] | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Mr. William H. Rogers, Jr. [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (6,488,339)        
PEO | Mr. William H. Rogers, Jr. [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 10,840,513        
PEO | Mr. William H. Rogers, Jr. [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 8,749,933        
PEO | Mr. William H. Rogers, Jr. [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,199,271        
PEO | Mr. William H. Rogers, Jr. [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Mr. William H. Rogers, Jr. [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (108,691)        
PEO | Mr. William H. Rogers, Jr. [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Mr. William H. Rogers, Jr. [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (130,159)        
Non-PEO NEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 260,231        
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 260,231        
Non-PEO NEO | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (5,927,279)        
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 7,936,749        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 7,096,774        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 827,099        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 22,947        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (10,071)        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0