Truist Financial (TFC) 10-K28 Feb 232022 FY Annual reportFinancial data

Company Profile

Cover

Cover - USD ($) $ in Millions	12 Months Ended
Cover - USD ($) $ in Millions	Dec. 31, 2022	Jan. 31, 2023	Jun. 30, 2022
Entity Listings [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Entity File Number	1-10853
Entity Registrant Name	TRUIST FINANCIAL CORPORATION
Entity Tax Identification Number	56-0939887
Entity Address, Address Line One	214 North Tryon Street
Entity Address, City or Town	Charlotte,
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28202
City Area Code	(336)
Local Phone Number	733-2000
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,327,909,982
Entity Central Index Key	0000092230
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Document Transition Report	false
Entity Public Float			$ 62,700
Entity Incorporation, State or Country Code	NC
Common Stock, $5 par value
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, $5 par value
Trading Symbol	TFC
Security Exchange Name	NYSE
Series I
Entity Listings [Line Items]
Title of 12(b) Security	Depositary Shares each representing 1/4,000th interest in a share of Series I Perpetual Preferred Stock
Trading Symbol	TFC.PI
Security Exchange Name	NYSE
Series J Preferred Stock
Entity Listings [Line Items]
Title of 12(b) Security	5.853% Fixed-to-Floating Rate Normal Preferred Purchase Securities each representing 1/100th interest in a share of Series J Perpetual Preferred Stock
Trading Symbol	TFC.PJ
Security Exchange Name	NYSE
Series O
Entity Listings [Line Items]
Title of 12(b) Security	Depositary Shares each representing 1/1,000th interest in a share of Series O Non-Cumulative Perpetual Preferred Stock
Trading Symbol	TFC.PO
Security Exchange Name	NYSE
Series R Preferred Stock
Entity Listings [Line Items]
Title of 12(b) Security	Depositary Shares each representing 1/1,000th interest in a share of Series R Non-Cumulative Perpetual Preferred Stock
Trading Symbol	TFC.PR
Security Exchange Name	NYSE

Audit Information

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2022
Auditor Information [Abstract]
Auditor Firm ID	238
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Charlotte, North Carolina

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) shares in Thousands, $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and Due from Banks	$ 5,379	$ 5,085
Interest-bearing deposits with banks	16,042	15,210
Securities borrowed or purchased under agreements to resell	3,181	4,028
Trading assets at fair value	4,905	4,423
AFS securities at fair value	71,801	153,123
HTM securities ($47,791 and $1,495 at fair value, respectively)	57,713	1,494
LHFS (including $1,065 and $3,544 at fair value, respectively)	1,444	4,812
Total loans and leases	325,991	289,513
ALLL	(4,377)	(4,435)
Loans and leases, net of ALLL	321,614	285,078
Premises and equipment	3,605	3,700
Goodwill	27,013	26,098
CDI and other intangible assets	3,672	3,408
Loan servicing rights at fair value	3,758	2,633
Other assets (including $1,582 and $3,436 at fair value, respectively)	35,128	32,149
Total assets	555,255	541,241
Liabilities
Noninterest-bearing deposits	135,742	145,892
Interest-bearing deposits	277,753	270,596
Short-term borrowings (including $1,551 and $1,731 at fair value, respectively)	23,422	5,292
Long-term debt	43,203	35,913
Other liabilities (including $2,971 and $586 at fair value, respectively)	14,598	14,277
Total liabilities	494,718	471,970
Shareholders’ Equity
Preferred stock	6,673	6,673
Common stock, $5 par value	6,634	6,639
Additional paid-in capital	34,544	34,565
Retained earnings	26,264	22,998
AOCI, net of deferred income taxes	(13,601)	(1,604)
Noncontrolling interests	23	0
Total shareholders’ equity	60,537	69,271
Total liabilities and shareholders’ equity	$ 555,255	$ 541,241
Common shares outstanding	1,326,829	1,327,818
Common shares authorized	2,000,000	2,000,000
Preferred shares outstanding	223	223
Preferred shares authorized	5,000	5,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
HTM securities, Fair Value	$ 47,791	$ 1,495
Loans Held for Sale, Fair Value	1,065	3,544
Loans Receivable, Fair Value Disclosure	18	23
Other Assets, Fair Value Disclosure	1,582	3,436
Short-term borrowings, fair value	1,551	1,731
Other Liabilities, Fair Value Disclosure	$ 2,971	$ 586
Common stock, par value (in dollars per share)	$ 5	$ 5

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest Income
Interest and fees on loans and leases	$ 13,252	$ 11,481	$ 13,485
Interest on securities	2,763	2,090	1,739
Interest on other earning assets	622	203	324
Total interest income	16,637	13,774	15,548
Interest Expense
Interest on deposits	1,145	148	785
Interest on long-term debt	791	573	800
Interest on other borrowings	385	47	137
Total interest expense	2,321	768	1,722
Net Interest Income	14,316	13,006	13,826
Provision for credit losses	777	(813)	2,335
Net Interest Income After Provision for Credit Losses	13,539	13,819	11,491
Noninterest Income
Noninterest income	8,719	9,290	8,879
Noninterest Expense
Personnel expense	8,467	8,632	8,146
Professional fees and outside processing	1,411	1,442	1,252
Software expense	932	945	862
Net occupancy expense	744	764	904
Amortization of intangibles	583	574	685
Equipment expense	478	513	484
Marketing and customer development	352	294	273
Operating lease depreciation	184	190	258
Regulatory costs	183	137	125
Merger-related and restructuring charges	513	822	860
Other expense	742	803	1,048
Total noninterest expense	14,589	15,116	14,897
Earnings
Income before income taxes	7,669	7,993	5,473
Provision for income taxes	1,402	1,556	981
Net income	6,267	6,437	4,492
Noncontrolling interests	7	(3)	10
Net income available to the bank holding company	6,260	6,440	4,482
Preferred stock dividends and other	333	407	298
Net income available to common shareholders	$ 5,927	$ 6,033	$ 4,184
Basic EPS	$ 4.46	$ 4.51	$ 3.11
Diluted EPS	$ 4.43	$ 4.47	$ 3.08
Basic weighted average shares outstanding (in shares)	1,328,120	1,337,144	1,347,080
Diluted weighted average shares outstanding (in shares)	1,338,462	1,349,378	1,358,289
Insurance income
Noninterest Income
Noninterest income	$ 3,043	$ 2,627	$ 2,193
Wealth management income
Noninterest Income
Noninterest income	1,338	1,392	1,277
Investment banking and trading income
Noninterest Income
Noninterest income	995	1,441	1,010
Service charges on deposits
Noninterest Income
Noninterest income	1,026	1,060	1,020
Card and payment related fees
Noninterest Income
Noninterest income	944	874	761
Mortgage banking income
Noninterest Income
Noninterest income	460	734	1,185
Lending related fees
Noninterest Income
Noninterest income	375	349	315
Operating lease income
Noninterest Income
Noninterest income	258	262	309
Securities gains (losses)
Noninterest Income
Noninterest income	(71)	0	402
Other income
Noninterest Income
Noninterest income	$ 351	$ 551	$ 407

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 6,267	$ 6,437	$ 4,492
OCI, net of tax:
Net change in net pension and postretirement costs	(1,449)	789	247
Net change in cash flow hedges	(69)	55	37
Net change in AFS securities	(10,757)	(3,164)	1,274
Net change in HTM securities	284	0	0
Other, net	(6)	0	2
Total OCI, net of tax	(11,997)	(2,320)	1,560
Total OCI	(5,730)	4,117	6,052
Income Tax Effect of Items Included in OCI:
Net change in net pension and postretirement costs	(445)	243	79
Net change in cash flow hedges	(21)	17	11
Net change in AFS securities	(3,277)	(971)	396
Net change in HTM securities	83	0	0
Total income taxes related to OCI	$ (3,660)	$ (711)	$ 486

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) shares in Thousands, $ in Millions	Total	Common Stock	Preferred Stock	Additional Paid-In Capital	Retained Earnings	AOCI	Noncontrolling Interests
Beginning balance at Dec. 31, 2019	$ 66,558	$ 6,711	$ 5,102	$ 35,609	$ 19,806	$ (844)	$ 174
Beginning balance (in shares) at Dec. 31, 2019		1,342,166
Add (Deduct):
Net income	4,492				4,482		10
OCI	1,560					1,560
Stock transactions:
Issued in connection with equity awards, net	(87)	$ 34		(119)	(2)
Issued in connection with equity awards, net (in shares)		6,795
Issued in connection with preferred stock offering	$ 3,449		3,449
Repurchase of common stock (in shares)	0
Redemption of preferred stock	$ (500)		(503)		3
Cash dividends declared on common stock	(2,424)				(2,424)
Cash dividends declared on preferred stock	(301)				(301)
Equity-based compensation expense	353			353
Cumulative effect adjustment for new accounting standards	(2,109)				(2,109)
Other, net	(79)			0	0		(79)
Ending balance at Dec. 31, 2020	70,912	$ 6,745	8,048	35,843	19,455	716	105
Ending balance (in shares) at Dec. 31, 2020		1,348,961
Add (Deduct):
Net income	6,437				6,440		(3)
OCI	(2,320)					(2,320)
Stock transactions:
Issued in connection with equity awards, net	(93)	$ 32		(120)	(5)
Issued in connection with equity awards, net (in shares)		6,466
Repurchase of common stock (in shares)		(27,609)
Repurchase of common stock	(1,616)	$ (138)		(1,478)
Redemption of preferred stock	(1,415)		(1,375)		(40)
Cash dividends declared on common stock	(2,485)				(2,485)
Cash dividends declared on preferred stock	(367)				(367)
Equity-based compensation expense	320			320
Other, net	(102)						(102)
Ending balance at Dec. 31, 2021	$ 69,271	$ 6,639	6,673	34,565	22,998	(1,604)	0
Ending balance (in shares) at Dec. 31, 2021	1,327,818	1,327,818
Add (Deduct):
Net income	$ 6,267				6,260		7
OCI	(11,997)					(11,997)
Stock transactions:
Issued in connection with equity awards, net	(99)	$ 21		(115)	(5)
Issued in connection with equity awards, net (in shares)		4,119
Repurchase of common stock (in shares)		(5,108)
Repurchase of common stock	(250)	$ (26)		(224)
Cash dividends declared on common stock	(2,656)				(2,656)
Cash dividends declared on preferred stock	(333)				(333)
Equity-based compensation expense	318			318
Other, net	16						16
Ending balance at Dec. 31, 2022	$ 60,537	$ 6,634	$ 6,673	$ 34,544	$ 26,264	$ (13,601)	$ 23
Ending balance (in shares) at Dec. 31, 2022	1,326,829	1,326,829

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash Flows From Operating Activities:
Net income	$ 6,267	$ 6,437	$ 4,492
Adjustments to reconcile net income to net cash from operating activities:
Provision for credit losses	777	(813)	2,335
Depreciation	783	810	923
Amortization of intangibles	583	574	685
Securities (gains) losses	71	0	(402)
Net change in operating assets and liabilities:
LHFS	2,479	1,411	718
Loan servicing rights	(813)	(206)	607
Pension asset	1,399	(1,580)	(779)
Derivative assets and liabilities	3,836	1,296	(2,690)
Trading assets	(482)	(551)	1,861
Other assets and other liabilities	(1,434)	285	186
Other, net	(2,385)	229	(499)
Net cash from operating activities	11,081	7,892	7,437
Cash Flows From Investing Activities:
Proceeds from sales of AFS securities	3,314	148	5,276
Proceeds from maturities, calls and paydowns of AFS securities	12,299	33,968	24,627
Purchases of AFS securities	(9,357)	(70,775)	(72,808)
Proceeds from maturities, calls and paydowns of HTM securities	5,140	0	0
Purchases of HTM securities	(3,020)	0	0
Originations and purchases of loans and leases, net of sales and principal collected	(32,840)	9,787	2,613
Net cash received (paid) for FHLB stock	(1,231)	116	600
Net cash received (paid) for securities borrowed or purchased under agreements to resell	847	(2,283)	(328)
Net cash paid for premises and equipment	(564)	(442)	(815)
Net cash received (paid) for asset acquisitions, business combinations, and divestitures	(4,673)	(1,638)	(2,439)
Payments for (Proceeds from) Life Insurance Policies	(147)	(606)	83
Other, net	260	(331)	(461)
Net cash from investing activities	(29,972)	(32,056)	(43,652)
Cash Flows From Financing Activities:
Net change in deposits	(2,986)	35,423	48,599
Net change in short-term borrowings	18,060	(800)	(12,124)
Proceeds from issuance of long-term debt	15,777	4,728	26,644
Repayment of long-term debt	(7,297)	(7,959)	(28,278)
Repurchase of common stock	(250)	(1,616)	0
Net proceeds from preferred stock issued	0	0	3,449
Redemption of preferred stock	0	(1,415)	(500)
Cash dividends paid on common stock	(2,656)	(2,485)	(2,424)
Cash dividends paid on preferred stock	(333)	(367)	(301)
Net cash received (paid) for hedge unwinds	(185)	0	1,101
Other, net	(113)	82	(148)
Net cash from financing activities	20,017	25,591	36,018
Net Change in Cash and Cash Equivalents	1,126	1,427	(197)
Cash and Cash Equivalents, January 1	20,295	18,868	19,065
Cash and Cash Equivalents, December 31	21,421	20,295	18,868
Supplemental Disclosure of Cash Flow Information:
Net cash paid (received) during the period for interest expense	2,007	859	1,834
Net cash paid (received) during the period for income taxes	479	792	126
Noncash investing activities:
Transfer of loans HFI to LHFS	549	925	2,562
Purchases (sales) of securities not yet settled	0	2,275	0
Transfer of AFS securities to HTM	$ 59,436	$ 0	$ 0

Basis of Presentation

Basis of Presentation	12 Months Ended
Basis of Presentation	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Truist has leading market share in many high-growth markets in the country, and offers a wide range of products and services through our retail and small business banking, commercial banking, corporate and investment banking, insurance, wealth management, and specialized lending businesses. Headquartered in Charlotte, North Carolina, Truist is a top 10 U.S. commercial bank. The Company operates and measures business activity across three business segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. For additional information on the Company’s business segments, see “Note 21. Operating Segments.” General See the Glossary of Defined Terms at the beginning of this Report for terms used herein. The accounting and reporting policies are in accordance with GAAP and conform to the guidelines prescribed by regulatory authorities. The following is a summary of significant accounting policies. Principles of Consolidation The consolidated financial statements include the accounts of Truist Financial Corporation and those subsidiaries that are wholly or majority owned by Truist or over which Truist has a controlling financial interest. Intercompany accounts and transactions are eliminated in consolidation. The results of operations of companies and net assets acquired are included from the date of acquisition. Results of operations associated with entities or net assets sold are included through the date of disposition. Truist holds investments in certain legal entities that are considered VIEs. VIEs are legal entities in which equity investors do not have sufficient equity at risk for the entity to independently finance its activities, or as a group, the holders of the equity investment at risk lack the power through voting or similar rights to direct the activities of the entity that most significantly impact its economic performance, or do not have the obligation to absorb the expected losses of the entity or the right to receive expected residual returns of the entity. Consolidation of a VIE is required if a reporting entity is the primary beneficiary of the VIE. Investments in VIEs are evaluated to determine if Truist is the primary beneficiary. This evaluation gives appropriate consideration to the design of the entity and the variability that the entity was designed to create and pass along, the relative power of each party, and to Truist’s obligation to absorb losses or receive residual returns of the entity. For changes in facts and circumstances, Truist re-assesses whether or not it is a primary beneficiary of a VIE. Truist has variable interests in certain entities that are not required to be consolidated, including affordable housing and other partnership interests. Refer to “Note 16. Commitments and Contingencies” for additional disclosures regarding Truist’s VIEs. Investments in entities for which the Company has the ability to exercise significant influence, but not control, over operating and financing decisions are accounted for using the equity method of accounting. These investments are included in Other assets in the Consolidated Balance Sheets at cost, adjusted to reflect the Company’s portion of income, loss, or dividends of the investee. Truist records its portion of income or loss in Other noninterest income in the Consolidated Statements of Income. These investments are periodically evaluated for impairment. The Company reports any noncontrolling interests in its subsidiaries in the equity section of the Consolidated Balance Sheets and separately presents the income or loss attributable to the noncontrolling interest of a consolidated subsidiary in its Consolidated Statements of Income. Reclassifications In the fourth quarter of 2022, the Company combined the presentation of Residential mortgage income and Commercial mortgage income into Mortgage banking income within the Company’s Consolidated Statement of Income. Further, the Company started including Income from bank-owned life insurance as a component of Other income and Loan-related expense and Loss (gain) on early extinguishment of debt as components of Other expense within the Company’s Consolidated Statement of Income. Prior periods were reclassified to conform to the current presentation. Certain other amounts reported in prior periods’ consolidated financial statements have been reclassified to conform to the current presentation. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change include the determination of the ACL; determination of fair value for securities, MSRs, LHFS, trading loans, and derivative assets and liabilities; goodwill and other intangible assets; income taxes; and pension and postretirement benefit obligations. Business Combinations Truist accounts for business combinations using the acquisition method. The accounts of an acquired entity are included as of the date of acquisition, and any excess of purchase price over the fair value of the net assets acquired is capitalized as goodwill. Cash and Cash Equivalents Cash and cash equivalents include cash and due from banks and interest-bearing deposits with banks that have original maturities of three months or less. Accordingly, the carrying amount of such instruments is considered a reasonable estimate of fair value. Restricted cash was immaterial at December 31, 2022 and 2021. Securities Financing Activities Securities borrowed or purchased under agreements to resell are accounted for as collateralized financing transactions and are recorded at the amounts at which the securities were borrowed or purchased. On the acquisition date of these securities, the Company and related counterparty agree on the amount of collateral required to secure the principal amount loaned under these agreements. The Company monitors collateral values daily and calls for additional collateral to be provided as warranted under the respective agreements. Short-term borrowings include securities sold under agreements to repurchase, which are accounted for as collateralized financing transactions and are recorded at the amounts at which the securities were sold. The Company monitors collateral values daily and pledges collateral as warranted under the respective agreements. Trading Activities Various trading assets and liabilities are used to accommodate the investment and risk management activities of the Company’s clients. Product offerings to clients include debt securities, loans traded in the secondary market, equity securities, derivative contracts, and other similar financial instruments. The Company elects to apply fair value accounting to trading loans. Trading loans include: (i) loans held in connection with the Company’s trading business primarily consisting of commercial and corporate leveraged loans; (ii) certain SBA loans guaranteed by the U.S. government; and (iii) loans made or acquired in connection with the Company’s TRS business. Other trading-related activities include acting as a market maker for certain debt and equity security transactions, derivative instrument transactions, and foreign exchange transactions. Trading assets and liabilities are measured at fair value with changes in fair value recognized within Noninterest income in the Company’s Consolidated Statements of Income. Interest income on trading account securities is included in Interest on other earning assets. For additional information on the Company’s trading activities, see “Note 16. Commitments and Contingencies” and “Note 18. Fair Value Disclosures.” Investment Securities The Company invests in various debt securities primarily for liquidity management purposes and as part of the overall ALM process to optimize income and market performance. Investments in debt securities that are not held for trading purposes are classified as HTM or AFS. Interest income on securities is recognized in income on an accrual basis. Premiums and discounts are amortized into interest income using the effective interest method over the contractual life of the security. As prepayments are received, a proportionate amount of the related premium or discount is recognized in income so that the effective interest rate on the remaining portion of the security continues unchanged. Debt securities are classified as HTM when Truist has both the intent and ability to hold the securities to maturity. HTM securities are reported at amortized cost. AFS securities are reported at estimated fair value, with unrealized gains and losses reported in AOCI, net of deferred income taxes, in the Shareholders’ equity section of the Consolidated Balance Sheets. Gains or losses realized from the sale of AFS securities are determined by specific identification and are included in noninterest income. An unrealized loss exists when the current fair value of an individual security is less than its amortized cost basis. AFS debt securities in an unrealized loss position are evaluated at the balance sheet date to determine whether such losses are credit-related. Credit related losses are measured on an individual basis and recognized in an ACL. Changes in expected credit losses are recognized in the Provision for credit losses in the Consolidated Statements of Income. Municipal securities are evaluated for impairment using a municipal bond credit scoring tool that leverages historical municipal market data to estimate probability of default and loss given default at the issuer level. U.S. Treasury securities, government guaranteed securities, and other securities issued by GSEs are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by rating agencies and have a long history of no credit losses. Non-agency MBS in the portfolio reflect recent issuances that are highly rated, include excess collateral and are collateralized by loans to borrowers with high credit scores and low loan to value ratios. Truist utilizes cash flow modeling for the evaluation of potential credit impairment on non-agency securities in an unrealized loss position. Cash flow modeling incorporates a variety of factors that impact the long-term expectation of collateral performance. Impairment is attributable to factors other than credit when there continues to be an expectation of the collection of all contractual principal and interest. Related to any unrealized losses reported in AOCI, Truist considers any intent to sell and whether it was more-likely-than-not that the Company would be required to sell those securities before the anticipated recovery of the amortized cost basis as of the reporting date. Equity Securities Equity securities that are not classified as trading assets or liabilities are recorded in Other assets on the Company’s Consolidated Balance Sheets. Equity securities with readily determinable fair values are considered marketable and measured at fair value, with changes in the fair value recognized as a component of Other noninterest income in the Company’s Consolidated Statements of Income. Marketable equity securities include mutual fund investments and other publicly traded equity securities. Dividends received from marketable equity securities and FHLB stock are recognized within Interest income in the Consolidated Statements of Income. Equity securities that are not accounted for under the equity method and that do not have readily determinable fair values are considered non-marketable and are accounted for at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer. Any adjustments to the carrying value of these non-marketable equity securities are recognized in Other noninterest income in the Company’s Consolidated Statements of Income. Non-marketable equity securities include FHLB stock and other equity investments. For additional information on the Company’s equity securities, see “Note 18. Fair Value Disclosures.” LHFS LHFS includes primarily residential mortgage and commercial mortgage loans that management intends to sell in the secondary market and other loans that management has an active plan to sell. LHFS also includes specifically identified loans where management has committed to a formal plan of sale and the loans are available for immediate sale. The Company elects to apply fair value accounting to residential and commercial mortgage loans that are originated with the intent to be sold in the secondary market. Direct loan origination fees associated with these loans are recorded as Mortgage banking income. The majority of direct origination costs are recorded in Personnel expense. The fair value of these loans is derived from observable current market prices when available and includes loan servicing value. When observable market prices are not available, the Company uses judgment and estimates fair value using internal models that reflect assumptions consistent with those that would be used by a market participant in estimating fair value. First lien residential mortgage LHFS are transferred in conjunction with GNMA and GSE securitization transactions, whereby the loans are exchanged for cash or securities that are readily redeemable for cash with servicing rights retained. Net gains/losses on the sale of residential mortgage LHFS are recorded at inception of the associated interest rate lock commitments and reflect the change in value of the loans resulting from changes in interest rates from the time the Company enters into interest rate lock commitments with borrowers until the loans are sold, adjusted for pull through rates and excluding hedge transactions initiated to mitigate this market risk. Commercial mortgage LHFS are sold to FNMA and FHLMC and the Company also issues and sells GNMA commercial MBS backed by FHA insured loans. The loans and securities are exchanged for cash with servicing rights retained. Gains and losses on sales of residential and commercial mortgages are included in Mortgage banking income and gains and losses on sales of other consumer loans are included in Other income. In certain circumstances, the Company may transfer certain loans from HFI to LHFS. At the time of transfer, any credit losses are subject to charge-off in accordance with the Company’s policy and are recorded as a reduction in the ALLL. Any additional losses, including those related to interest rate or liquidity-related valuation adjustments are recorded as a component of Noninterest income in the Consolidated Statements of Income. For additional information on the Company’s LHFS, see “Note 18. Fair Value Disclosures.” Specifically identified LHFS, where management has committed to a formal plan of sale and the loans are available for immediate sale, are recorded at LOCOM. Origination fees and costs for such loans are capitalized in the basis of the loan and are included in the calculation of realized gains and losses upon sale. Adjustments to reflect unrealized losses resulting from changes in fair value and realized gains and losses upon ultimate sale of the loans are classified as Noninterest income in the Consolidated Statements of Income. The fair value of these loans is estimated using observable market prices when available, but may also incorporate consideration of other unobservable inputs such as indicative bids, broker price opinions or other information derived from internal or external data sources. Loans and Leases The Company’s accounting methods for loans differ depending on whether the loans are originated or purchased, and if purchased, whether or not the loans reflect credit deterioration since the date of origination such that at the date of acquisition there is more than an insignificant deterioration in credit. Unearned income, discounts, and net deferred loan fees and costs includes direct costs associated with loan origination as well as premiums and discounts from origination or purchase, which are deferred and amortized over the respective loan terms. Originated Loans and Leases Loans and leases that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their outstanding principal balances net of any unearned income, charge-offs, and unamortized fees and costs. Interest and fees on loans and leases includes certain loan fees and deferred direct costs associated with the lending process recognized over the contractual lives of the loans using the effective interest method for amortizing loans or straight-line method for loans with interest-only repayment terms or revolving privileges. Purchased Loans Purchased loans are recorded at their fair value at the acquisition date. Purchased loans are evaluated upon acquisition and classified as either PCD, which indicates that the loan reflects more-than-insignificant deterioration in credit quality since origination, or non-PCD. Truist considers a variety of factors in connection with the identification of more-than-insignificant deterioration in credit quality, including but not limited to risk grades, delinquency, nonperforming status, previous troubled debt restructurings, bankruptcies, and other qualitative factors that indicate deterioration in credit quality since origination. Fair values for purchased loans in a business combination are based on a discounted cash flow methodology that considers credit loss expectations, market interest, rates, and other market factors such as liquidity from the perspective of a market participant. Loans are grouped together according to similar characteristics and treated in the aggregate when applying various valuation techniques. The probability of default, loss given default and prepayment assumptions are the key factors driving credit losses which are embedded into the estimated cash flows. These assumptions are informed by comparable internal data on loan characteristics, historical loss experience, and current and forecasted economic conditions. The interest and liquidity component of the estimate are determined by discounting interest and principal cash flows through the expected life of the underlying loans. The discount rates used for loans are based on current market rates for new originations of comparable loans and include adjustments for liquidity. The discount rates do not include a factor for credit losses as that has been included as a reduction to the estimated cash flows. For PCD loans, the initial estimate of expected credit losses is determined using the same methodology as other loans held for investment and recognized as an adjustment to the acquisition price of the asset; thus, the sum of the loans’ purchase price and initial ALLL estimate represents the initial amortized cost basis. The difference between the initial amortized cost basis and the par value is the non-credit discount or premium. For non-PCD loans, the difference between the fair value and the par value is considered the fair value mark. The initial ALLL for non-PCD loans is recorded with a corresponding charge to the Provision for credit losses in the Consolidated Statements of Income. Subsequent changes in the ALLL related to PCD and non-PCD loans are recognized in the Provision for credit losses. The non-credit discount or premium related to PCD loans and the fair value mark on non-PCD loans are amortized or accreted to Interest and fees on loans and leases over the contractual life of the loans using the effective interest method for amortizing loans, and using a straight-line approach for loans with interest-only repayment terms or revolving privileges. In the event of prepayment, unamortized discounts or premiums are recognized in Interest and fees on loans and leases. TDRs Modifications to a borrower’s debt agreement are considered TDRs if a concession is granted for economic or legal reasons related to a borrower’s financial difficulties that otherwise would not be considered. TDRs are undertaken to improve the likelihood of recovery on the loan and may take the form of modifications that result in the stated interest rate of the loan being lower than the current market rate for new debt with similar risk, other modifications to the structure of the loan that fall outside of normal underwriting policies and procedures, or in certain limited circumstances, forgiveness of principal or interest. A restructuring that results in only a delay in payments that is insignificant is not considered an economic concession. TDRs can be classified as performing or nonperforming, depending on the individual facts and circumstances of the borrower and an evaluation as to whether the borrower will be able to repay the loan based on the modified terms. In circumstances where the TDR involves charging off a portion of the loan balance, Truist classifies these TDRs as nonperforming. The decision to maintain a commercial TDR on performing status is based on a current, well documented credit evaluation of the borrower’s financial condition and prospects for repayment under the modified terms. This evaluation includes consideration of the borrower’s current capacity to pay, which among other things may include a review of the borrower’s current financial statements, an analysis of cash flow available to pay debt obligations, and an evaluation of secondary sources of payment from the borrower and any guarantors. This evaluation also includes an evaluation of the borrower’s current willingness to pay, which may include a review of past payment history, an evaluation of the borrower’s willingness to provide information on a timely basis, and consideration of offers from the borrower to provide additional collateral or guarantor support. The credit evaluation may also include review of cash flow projections, consideration of the adequacy of collateral to cover all principal and interest and trends indicating improving profitability and collectability of receivables. The evaluation of mortgage and other consumer loans includes an evaluation of the client’s debt-to-income ratio, credit report, property value and certain other client-specific factors that impact the clients’ ability to make timely principal and interest payments on the loan. NPAs NPAs include NPLs and foreclosed property. Foreclosed property consists of real estate and other assets acquired as a result of clients’ loan defaults. Truist’s policies for placing loans on nonperforming status conform to guidelines prescribed by bank regulatory authorities. Truist classifies loans and leases as past due when the payment of principal and interest based upon contractual terms is greater than 30 days delinquent or if one payment is past due. The following table summarizes the delinquency thresholds that are a factor used in evaluating nonperforming classification and the timing of charge-off evaluations: (number of days) Placed on Nonperforming (1) (2) Evaluated for Charge-off (2) Commercial: Commercial and industrial 90 (3) 90 (3) CRE 90 (3) 90 (3) Commercial construction 90 (3) 90 (3) Consumer: Residential mortgage (4) 90 to 180 90 to 180 Residential home equity and direct (4) 90 to 120 90 to 180 Indirect auto (4) 90 120 Indirect other (4) 90 to 120 90 to 120 Student (5) (6) NA 120 to 180 Credit card (7) NA 90 to 180 (1) Loans may be returned to performing status when (i) the borrower has resumed paying the full amount of the scheduled contractual interest and principal payments, (ii) management concludes that all principal and interest amounts contractually due (including arrearages) are reasonably assured of repayment, and (iii) there is a sustained period of repayment performance, generally a minimum of six months. (2) The timing of nonaccrual and charge-off evaluations are accelerated in circumstances where the borrower has filed for bankruptcy. (3) Or when it is probable that principal or interest is not fully collectible, whichever occurs first. (4) Depends on product type, loss mitigation status, status of the government guaranty, if applicable, and certain other product-specific factors. (5) Student loans are not placed in nonperforming status, which reflects consideration of governmental guarantees or accelerated charge-off policies related to certain non-guaranteed portfolios. (6) Government guaranteed loans are considered to be in default once they reach 270 days past due and claims are generally filed once the loans reaches 365 days past due. The non-guaranteed balance, which ranges from 2-3%, is charged off once the claim proceeds related to the guaranteed portion have been received, which typically occurs no later than 365 days past due. (7) Credit cards are generally not placed on nonperforming status, but are fully charged off at specified delinquency dates consistent with regulatory guidelines. When commercial loans are placed on nonperforming status, management evaluates whether a charge-off must be recorded. For collateral-dependent loans, this evaluation is based on a comparison of the loan’s carrying value to the value of the related collateral, while for non-collateral dependent loans, this evaluation reflects management’s conclusions with regard to whether any portion of the loan is considered uncollectible. Consumer and credit card loans are subject to charge-off at a specified delinquency date consistent with regulatory guidelines. Certain past due loans may remain on performing status if management determines that it does not have concern over the collectability of principal and interest. Generally, when loans are placed on nonperforming status, accrued interest receivable is reversed against interest income in the current period and amortization of deferred loan fees and expenses for originated loans, and fair value marks for purchased loans, is suspended. For commercial loans and certain consumer loans, payments received for interest and lending fees thereafter are applied as a reduction to the remaining principal balance as long as concern exists as to the ultimate collection of the principal. Interest income on nonperforming loans is recognized after the principal has been reduced to zero. If and when borrowers demonstrate the ability to repay a loan classified as nonperforming in accordance with its contractual terms, the loan may be returned to performing status upon meeting all regulatory, accounting and internal policy requirements. Accrued interest is included in Other assets in the Consolidated Balance Sheets. Accrued interest receivable balances are not considered in connection with the ACL estimation process, as such amounts are generally reversed against interest income when the loan is placed in nonperforming status. Assets acquired as a result of foreclosure are initially recorded at fair value less estimated cost to sell and subsequently carried at LOCOM. Net realizable value equals fair value less estimated selling costs. Any excess of cost over net realizable value at the time of foreclosure is charged to the ALLL. NPAs are subject to periodic revaluations of the collateral underlying impaired loans and foreclosed real estate. The periodic revaluations are generally based on the appraised value of the property and may include additional liquidity adjustments based upon the expected retention period. Truist’s policies require that valuations be updated at least annually and that upon foreclosure, the valuation must not be more than 12 months old, otherwise an update is required. Any subsequent changes in value as well as gains or losses from the disposition of these assets are recognized in Other noninterest expense in the Consolidated Statements of Income. For additional information on the Company’s loan and lease activities, see “Note 5. Loans and ACL.” ACL The ACL includes the ALLL and RUFC. The ACL represents management’s best estimate of expected future credit losses related to loan and lease portfolios and off-balance sheet lending commitments at the balance sheet date. The ALLL is a valuation account that is deducted from or added to the loans’ amortized cost basis to present the net amount expected to be collected on loans. The ALLL is available to absorb losses on any loan category or lending-related commitment. Loan or lease balances deemed to be uncollectible are charged off against the ALLL. Expected recoveries of amounts previously charged off are incorporated into the ALLL estimate, with such amounts capped at the aggregate of amounts previously charged off. Changes to the ACL are made by charges to the Provision for credit losses, which is reflected in the Consolidated Statements of Income. The RUFC is recorded in Other liabilities on the Consolidated Balance Sheets. Portfolio segments represent the level at which Truist develops and documents a systematic methodology to determine its ACL. Truist’s loan and lease portfolio consists of three portfolio segments: commercial, consumer, and credit card. The expected credit loss models are generally developed one level below the portfolio segment level. In certain instances, loans and leases are further disaggregated by similar risk characteristics, such as business sector, client type, funding type, and type of collateral. Larger loans and leases that do not share similar risk characteristics or that are considered collateral-dependent are individually evaluated. For these loans, the ALLL is determined through review of data specific to the borrower and related collateral, if any. Such estimates may be based on current loss forecasts, an evaluation of the fair value of the underlying collateral or in certain circumstances the present value of expected cash flows discounted at the loan’s effective interest as described further below. In addition to the quantitatively calculated components, the ALLL includes qualitatively calculated components. Truist maintains a collectively calculated ALLL for loans with similar risk characteristics. The collectively calculated ALLL is estimated using relevant available information from internal and external sources relating to past events, current conditions, and reasonable and supportable forecasts. Truist maintains quantitative models to forecast expected credit losses. The credit loss forecasting models use portfolio balances, macroeconomic forecast data, portfolio composition and loan attributes as the primary inputs. Loss estimates are informed by historical loss experience adjusted for macroeconomic forecast data and current and expected portfolio risk characteristics. Expected losses are estimated through contractual maturity unless the borrower has a right to renew that is not cancellable or it is reasonably expected that the loan will be modified as a TDR. The Scenario Committee provides guidance, selection, and approval for Company-sanctioned macroeconomic forecast data, including the macroeconomic forecast data for use in the ACL process. Forecasted economic conditions are developed using third-party macroeconomic forecast data across scenarios adjusted based on management’s expectations over a reasonable and supportable forecast period of two years. Assumptions revert to long term historic averages gradually over a one-year period. Macroeconomic forecast data used in estimating the expected losses vary by loan portfolio and include employment factors, estimated collateral values, and market indicators as described by portfolio segment below. A qualitative allowance which incorporates management’s judgement is also included in the estimation of expected future loan and lease losses, including qualitative adjustments in circumstances where the model output is inconsistent with management’s expectations with respect to expected credit losses. This allowance is used to adjust for limitations in modeled results related to the current economic conditions, and considerations with respect to the impact of current and expected events or risks, the outcomes of which are uncertain and may not be completely considered by quantitative models. The methodology for determining the RUFC is inherently similar to that u

Business Combinations

Business Combinations	12 Months Ended
Business Combinations	Dec. 31, 2022
Business Combinations [Abstract]
Business Combination Disclosure	Business Combinations Mergers and Acquisitions In 2022 and 2021, Truist completed the acquisitions of businesses in the insurance brokerage and specialty lending industries. Truist paid cash consideration to acquire 100% of the voting interests in these entities. The following table provides additional details related to these acquisitions and the fair value of certain tangible and intangible assets as of the acquisition date: Acquiree (Dollars in millions) BankDirect Capital Finance (2) BenefitMall (2) Kensington Vanguard National Land Services Service Finance, LLC Constellation Affiliated Partners Date acquired Nov 1, 2022 Sep 1, 2022 Mar 1, 2022 Dec 6, 2021 Jul 1, 2021 Segment IH IH IH CB&W IH Strategic rationale Increases scale and product offerings for premium finance business Broadens products and services within benefit wholesale insurance business Expands presence in the title insurance market Expands point of sale lending capabilities Expands offerings to further build out national programs business Loans and leases $ 3,067 $ — $ — $ 145 $ — Intangible assets (1) 111 336 138 1,167 394 Goodwill 188 527 197 647 585 (1) The identifiable intangible assets are being amortized over a weighted average term of 15 years based on the estimated duration of economic benefits received. (2) Fair value estimates related to the acquired assets and liabilities are subject to adjustment during the one-year measurement period following the closing of the acquisition.

Securities Financing Activities

Securities Financing Activities	12 Months Ended
Securities Financing Activities	Dec. 31, 2022
Offsetting [Abstract]
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure	Securities Financing Activities Securities purchased under agreements to resell are primarily collateralized by U.S. government or agency securities and are carried at the amounts at which the securities will be subsequently sold, plus accrued interest. Securities borrowed are primarily collateralized by corporate securities. The Company borrows securities and purchases securities under agreements to resell as part of its securities financing activities. On the acquisition date of these securities, the Company and the related counterparty agree on the amount of collateral required to secure the principal amount loaned under these arrangements. The Company monitors collateral values daily and calls for additional collateral to be provided as warranted under the respective agreements. The following table presents securities borrowed or purchased under agreements to resell: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Securities purchased under agreements to resell $ 2,415 $ 3,460 Securities borrowed 766 568 Total securities borrowed or purchased under agreements to resell $ 3,181 $ 4,028 Fair value of collateral permitted to be resold or repledged $ 3,058 $ 4,005 Fair value of securities resold or repledged 864 1,141 For securities sold under agreements to repurchase, the Company would be obligated to provide additional collateral in the event of a significant decline in fair value of the collateral pledged. This risk is managed by monitoring the liquidity and credit quality of the collateral, as well as the maturity profile of the transactions. Refer to “Note 16. Commitments and Contingencies” for additional information related to pledged securities. The following table presents the Company’s related activity, by collateral type and remaining contractual maturity: December 31, 2022 December 31, 2021 (Dollars in millions) Overnight and Continuous Up to 30 days Total Overnight and Continuous Up to 30 days Total U.S. Treasury $ 318 $ — $ 318 $ 749 $ 409 $ 1,158 State and Municipal 272 — 272 — — — GSE 74 — 74 53 25 78 Agency MBS - residential 1,019 26 1,045 720 141 861 Corporate and other debt securities 369 50 419 213 125 338 Total securities sold under agreements to repurchase $ 2,052 $ 76 $ 2,128 $ 1,735 $ 700 $ 2,435 There were no securities financing transactions subject to legally enforceable master netting arrangements that were eligible for balance sheet netting for the periods presented.

Investment Securities

Investment Securities	12 Months Ended
Investment Securities	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Securities	Investment Securities The following tables summarize the Company’s AFS and HTM securities: December 31, 2022 Amortized Cost Gross Unrealized Fair Value Gains Losses AFS securities: U.S. Treasury $ 11,080 $ — $ 785 $ 10,295 GSE 339 — 36 303 Agency MBS - residential 65,377 — 10,152 55,225 Agency MBS - commercial 2,887 — 463 2,424 States and political subdivisions 425 15 24 416 Non-agency MBS 3,927 — 810 3,117 Other 21 — — 21 Total AFS securities $ 84,056 $ 15 $ 12,270 $ 71,801 HTM securities: Agency MBS - residential $ 57,713 $ — $ 9,922 $ 47,791 December 31, 2021 Amortized Cost Gross Unrealized Fair Value Gains Losses AFS securities: U.S. Treasury $ 9,892 $ 9 $ 106 $ 9,795 GSE 1,667 33 2 1,698 Agency MBS - residential 135,886 656 2,500 134,042 Agency MBS - commercial 2,928 18 64 2,882 States and political subdivisions 382 39 1 420 Non-agency MBS 4,305 — 47 4,258 Other 28 — — 28 Total AFS securities $ 155,088 $ 755 $ 2,720 $ 153,123 HTM securities: Agency MBS - residential $ 1,494 $ 1 $ — $ 1,495 In 2022, Truist transferred $59.4 billion of AFS securities to HTM as the Company continues to execute upon its asset-liability management strategies. Management determined that it has both the positive intent and ability to hold these securities to maturity. On the date of transfer, the difference between the par value and the fair value of these securities, which was recorded as a loss in AOCI, resulted in a net discount of $3.7 billion, inclusive of $510 million of basis adjustment gains from terminated fair value hedges attributable to the transferred securities. The discount will be accreted and unrealized loss in AOCI will be amortized, offsetting within interest income over the remaining life of the securities using the interest method. There were no gains or losses recognized as a result of this transfer. The amortized cost and estimated fair value of certain MBS securities issued by FNMA and FHLMC that exceeded 10% of shareholders’ equity are shown in the table below: December 31, 2022 (Dollars in millions) Amortized Cost Fair Value FNMA $ 42,312 $ 35,446 FHLMC 42,837 35,632 The amortized cost and estimated fair value of the securities portfolio by contractual maturity are shown in the following table. The expected life of MBS may be shorter than the contractual maturities because borrowers may have the right to prepay their obligations with or without penalties. Amortized Cost Fair Value December 31, 2022 Due in one year or less Due after one year through five years Due after five years through ten years Due after ten years Total Due in one year or less Due after one year through five years Due after five years through ten years Due after ten years Total AFS securities: U.S. Treasury $ 1,655 $ 8,876 $ 520 $ 29 $ 11,080 $ 1,619 $ 8,196 $ 455 $ 25 $ 10,295 GSE — 7 11 321 339 — 7 10 286 303 Agency MBS - residential — 16 569 64,792 65,377 — 15 534 54,676 55,225 Agency MBS - commercial 1 7 72 2,807 2,887 1 7 66 2,350 2,424 States and political subdivisions 3 73 160 189 425 3 72 165 176 416 Non-agency MBS — — — 3,927 3,927 — — — 3,117 3,117 Other 6 — 15 — 21 6 — 15 — 21 Total AFS securities $ 1,665 $ 8,979 $ 1,347 $ 72,065 $ 84,056 $ 1,629 $ 8,297 $ 1,245 $ 60,630 $ 71,801 HTM securities: Agency MBS - residential $ — $ — $ — $ 57,713 $ 57,713 $ — $ — $ — $ 47,791 $ 47,791 The following tables present the fair values and gross unrealized losses of investments based on the length of time that individual securities have been in a continuous unrealized loss position: Less than 12 months 12 months or more Total December 31, 2022 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses AFS securities: U.S. Treasury $ 2,069 $ 49 $ 8,186 $ 736 $ 10,255 $ 785 GSE 180 14 114 22 294 36 Agency MBS - residential 25,041 3,263 30,050 6,889 55,091 10,152 Agency MBS - commercial 790 92 1,631 371 2,421 463 States and political subdivisions 251 21 20 3 271 24 Non-agency MBS — — 3,117 810 3,117 810 Other 21 — — — 21 — Total $ 28,352 $ 3,439 $ 43,118 $ 8,831 $ 71,470 $ 12,270 HTM securities: Agency MBS - residential $ 29,369 $ 5,613 $ 18,422 $ 4,309 $ 47,791 $ 9,922 Less than 12 months 12 months or more Total December 31, 2021 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses AFS securities: U.S. Treasury $ 8,412 $ 88 $ 582 $ 18 $ 8,994 $ 106 GSE 104 2 — — 104 2 Agency MBS - residential 101,262 2,377 2,638 123 103,900 2,500 Agency MBS - commercial 1,749 50 413 14 2,162 64 States and political subdivisions — — 22 1 22 1 Non-agency MBS 4,258 47 — — 4,258 47 Other 6 — — — 6 — Total $ 115,791 $ 2,564 $ 3,655 $ 156 $ 119,446 $ 2,720 At December 31, 2022 and December 31, 2021, no ACL was established for AFS or HTM securities. Substantially all of the unrealized losses on the securities portfolio, including non-agency MBS, were the result of changes in market interest rates compared to the date the securities were acquired rather than the credit quality of the issuers or underlying loans. HTM debt securities consist of residential agency MBS. Accordingly, the Company does not expect to incur any credit losses on investment securities. The following table presents gross securities gains and losses recognized in earnings: (Dollars in millions) Year Ended December 31, 2022 2021 2020 Gross realized gains $ 13 $ — $ 404 Gross realized losses (84) — (2) Securities gains (losses), net $ (71) $ — $ 402

Loans and ACL

Loans and ACL	12 Months Ended
Loans and ACL	Dec. 31, 2022
Receivables [Abstract]
Loans and ACL	Loans and ACL The following tables present loans and leases HFI by aging category. Government guaranteed loans are not placed on nonperforming status regardless of delinquency because collection of principal and interest is reasonably assured. Accruing December 31, 2022 Current 30-89 Days Past Due 90 Days Or More Past Due (1) Nonperforming Total Commercial: Commercial and industrial $ 163,604 $ 256 $ 49 $ 398 $ 164,307 CRE 22,568 25 1 82 22,676 Commercial construction 5,844 5 — — 5,849 Consumer: Residential mortgage 55,005 614 786 240 56,645 Residential home equity and direct 25,117 127 15 173 25,432 Indirect auto 27,015 646 1 289 27,951 Indirect other 12,833 128 10 6 12,977 Student 4,179 402 706 — 5,287 Credit card 4,766 64 37 — 4,867 Total $ 320,931 $ 2,267 $ 1,605 $ 1,188 $ 325,991 (1) Includes government guaranteed loans of $759 million in the residential mortgage portfolio and $702 million in the student portfolio. Accruing December 31, 2021 Current 30-89 Days Past Due 90 Days Or More Past Due (1) Nonperforming Total Commercial: Commercial and industrial $ 138,225 $ 130 $ 13 $ 394 $ 138,762 CRE 23,902 20 — 29 23,951 Commercial construction 4,962 2 — 7 4,971 Consumer: Residential mortgage 46,033 514 1,009 296 47,852 Residential home equity and direct 24,809 107 9 141 25,066 Indirect auto 25,615 607 1 218 26,441 Indirect other 10,811 64 3 5 10,883 Student 5,357 555 868 — 6,780 Credit card 4,735 45 27 — 4,807 Total $ 284,449 $ 2,044 $ 1,930 $ 1,090 $ 289,513 (1) Includes government guaranteed loans of $978 million in the residential mortgage portfolio and $864 million in the student portfolio. The following tables present the amortized cost basis of loans by origination year and credit quality indicator: December 31, 2022 Amortized Cost Basis by Origination Year Revolving Credit Loans Converted to Term Other (1) 2022 2021 2020 2019 2018 Prior Total Commercial: Commercial and industrial: Pass $ 45,890 $ 21,642 $ 11,219 $ 8,258 $ 4,977 $ 9,686 $ 57,854 $ — $ (199) $ 159,327 Special mention 243 302 143 160 61 88 721 — — 1,718 Substandard 518 387 113 413 249 187 997 — — 2,864 Nonperforming 47 53 10 28 46 27 187 — — 398 Total 46,698 22,384 11,485 8,859 5,333 9,988 59,759 — (199) 164,307 CRE: Pass 6,141 3,595 2,220 3,846 2,092 2,265 757 — (70) 20,846 Special mention 106 118 74 229 281 5 18 — — 831 Substandard 106 99 35 422 121 134 — — — 917 Nonperforming — 3 — — 77 2 — — — 82 Total 6,353 3,815 2,329 4,497 2,571 2,406 775 — (70) 22,676 Commercial construction: Pass 1,501 1,500 825 290 212 71 1,056 — — 5,455 Special mention 80 — 93 — — — 35 — — 208 Substandard 114 — 18 1 53 — — — — 186 Total 1,695 1,500 936 291 265 71 1,091 — — 5,849 Consumer: Residential mortgage: Current 13,824 17,340 6,167 3,084 1,384 13,206 — — — 55,005 30 - 89 days past due 55 61 32 37 43 386 — — — 614 90 days or more past due 5 31 62 62 91 535 — — — 786 Nonperforming 4 6 10 12 17 191 — — — 240 Total 13,888 17,438 6,271 3,195 1,535 14,318 — — — 56,645 Residential home equity and direct: Current 5,111 3,130 1,481 834 296 297 10,121 3,847 — 25,117 30 - 89 days past due 12 16 8 7 2 2 58 22 — 127 90 days or more past due 1 — — — — — 11 3 — 15 Nonperforming 4 11 6 7 2 6 46 91 — 173 Total 5,128 3,157 1,495 848 300 305 10,236 3,963 — 25,432 Indirect auto: Current 11,646 7,141 4,105 2,461 1,096 559 — — 7 27,015 30 - 89 days past due 147 174 111 100 60 54 — — — 646 90 days or more past due 1 — — — — — — — — 1 Nonperforming 41 77 56 56 34 25 — — — 289 Total 11,835 7,392 4,272 2,617 1,190 638 — — 7 27,951 Indirect other: Current 6,159 2,675 1,686 980 569 764 — — — 12,833 30 - 89 days past due 56 28 18 13 8 5 — — — 128 90 days or more past due 7 1 1 1 — — — — — 10 Nonperforming — — 2 2 — 2 — — — 6 Total 6,222 2,704 1,707 996 577 771 — — — 12,977 Student: Current — — 17 71 57 4,034 — — — 4,179 30 - 89 days past due — — — 1 1 400 — — — 402 90 days or more past due — — — 1 1 704 — — — 706 Total — — 17 73 59 5,138 — — — 5,287 Credit card: Current 4,750 16 — 4,766 30 - 89 days past due 63 1 — 64 90 days or more past due 36 1 — 37 Total — — — — — — 4,849 18 — 4,867 Total $ 91,819 $ 58,390 $ 28,512 $ 21,376 $ 11,830 $ 33,635 $ 76,710 $ 3,981 $ (262) $ 325,991 December 31, 2021 Amortized Cost Basis by Origination Year Revolving Credit Loans Converted to Term Other (1) 2021 2020 2019 2018 2017 Prior Total Commercial: Commercial and industrial: Pass $ 35,530 $ 17,430 $ 14,105 $ 8,994 $ 5,633 $ 9,424 $ 43,035 $ — $ (169) $ 133,982 Special mention 195 221 326 317 46 70 691 — — 1,866 Substandard 352 356 395 197 91 335 794 — — 2,520 Nonperforming 50 19 49 42 16 34 184 — — 394 Total 36,127 18,026 14,875 9,550 5,786 9,863 44,704 — (169) 138,762 CRE: Pass 4,836 2,946 5,109 3,201 1,774 2,131 762 — (61) 20,698 Special mention 13 118 483 247 44 83 — — — 988 Substandard 321 264 523 528 321 279 — — — 2,236 Nonperforming 1 1 11 — 9 7 — — — 29 Total 5,171 3,329 6,126 3,976 2,148 2,500 762 — (61) 23,951 Commercial construction: Pass 1,113 1,179 1,259 419 44 95 558 — 12 4,679 Special mention — 14 72 50 — — — — — 136 Substandard 7 13 45 67 17 — — — — 149 Nonperforming — — 1 — 5 — — — 1 7 Total 1,120 1,206 1,377 536 66 95 558 — 13 4,971 Consumer: Residential mortgage: Current 17,271 6,798 3,642 1,753 2,237 14,240 — — 92 46,033 30 - 89 days past due 58 31 32 40 31 322 — — — 514 90 or more days past due 3 44 91 133 95 643 — — — 1,009 Nonperforming 1 5 18 27 20 226 — — (1) 296 Total 17,333 6,878 3,783 1,953 2,383 15,431 — — 91 47,852 Residential home equity and direct: Current 4,962 2,630 1,717 691 189 425 10,757 3,388 50 24,809 30 - 89 days past due 8 8 10 3 1 3 53 21 — 107 90 days or more past due — — — — — — 5 4 — 9 Nonperforming 2 3 4 1 — 7 48 75 1 141 Total 4,972 2,641 1,731 695 190 435 10,863 3,488 51 25,066 Indirect auto: Current 10,699 6,691 4,293 2,158 1,081 504 — — 189 25,615 30 - 89 days past due 119 138 145 97 56 52 — — — 607 90 days or more past due — — — — — 1 — — — 1 Nonperforming 28 48 61 41 21 19 — — — 218 Total 10,846 6,877 4,499 2,296 1,158 576 — — 189 26,441 Indirect other: Current 4,333 2,724 1,638 937 455 691 — — 33 10,811 30 - 89 days past due 14 15 15 12 4 4 — — — 64 90 days or more past due 1 1 1 — — — — — — 3 Nonperforming 1 1 1 — — 2 — — — 5 Total 4,349 2,741 1,655 949 459 697 — — 33 10,883 Student: Current — 21 88 73 61 5,122 — — (8) 5,357 30 - 89 days past due — — 1 1 1 552 — — — 555 90 days or more past due — — — — 1 867 — — — 868 Total — 21 89 74 63 6,541 — — (8) 6,780 Credit card: Current 4,711 24 — 4,735 30 - 89 days past due 43 2 — 45 90 days or more past due 26 1 — 27 Total — — — — — — 4,780 27 — 4,807 Total $ 79,918 $ 41,719 $ 34,135 $ 20,029 $ 12,253 $ 36,138 $ 61,667 $ 3,515 $ 139 $ 289,513 (1) Includes certain deferred fees and costs and other adjustments. ACL The following tables present activity in the ACL: (Dollars in millions) Balance at Jan 1, 2020 Charge-Offs Recoveries Provision (Benefit) Other (1) Balance at Dec 31, 2020 Commercial: Commercial and industrial $ 570 $ (412) $ 96 $ 952 $ 998 $ 2,204 CRE 150 (78) 5 414 82 573 Commercial construction 52 (30) 11 32 16 81 Consumer: Residential mortgage 176 (56) 10 (27) 265 368 Residential home equity and direct 107 (231) 66 318 454 714 Indirect auto 304 (378) 87 367 818 1,198 Indirect other 60 (60) 23 35 150 208 Student — (23) 1 23 129 130 Credit card 122 (182) 32 212 175 359 PCI 8 — — — (8) — ALLL 1,549 (1,450) 331 2,326 3,079 5,835 RUFC 340 — — 9 15 364 ACL $ 1,889 $ (1,450) $ 331 $ 2,335 $ 3,094 $ 6,199 (Dollars in millions) Balance at Jan 1, 2021 Charge-Offs Recoveries Provision (Benefit) Other (1) Balance at Dec 31, 2021 Commercial: Commercial and industrial $ 2,204 $ (243) $ 107 $ (642) $ — $ 1,426 CRE 573 (10) 6 (219) — 350 Commercial construction 81 (2) 4 (31) — 52 Consumer: Residential mortgage 368 (23) 12 (49) — 308 Residential home equity and direct 714 (214) 79 36 — 615 Indirect auto 1,198 (336) 92 68 — 1,022 Indirect other 208 (57) 24 20 — 195 Student 130 (24) 1 4 6 117 Credit card 359 (150) 37 104 — 350 ALLL 5,835 (1,059) 362 (709) 6 4,435 RUFC 364 — — (104) — 260 ACL $ 6,199 $ (1,059) $ 362 $ (813) $ 6 $ 4,695 (Dollars in millions) Balance at Jan 1, 2022 Charge-Offs Recoveries Provision (Benefit) Other (1) Balance at Dec 31, 2022 Commercial: Commercial and industrial $ 1,426 $ (143) $ 87 $ 39 $ — $ 1,409 CRE 350 (13) 8 (121) — 224 Commercial construction 52 (1) 5 (10) — 46 Consumer: Residential mortgage 308 (9) 16 84 — 399 Residential home equity and direct 615 (294) 81 147 — 549 Indirect auto 1,022 (411) 91 279 — 981 Indirect other 195 (100) 23 193 — 311 Student 117 (22) 1 2 — 98 Credit card 350 (176) 34 152 — 360 ALLL 4,435 (1,169) 346 765 — 4,377 RUFC 260 — — 12 — 272 ACL $ 4,695 $ (1,169) $ 346 $ 777 $ — $ 4,649 (1) Includes the amounts for the ALLL for PCD acquisitions, and other activity. The commercial ALLL decreased $149 million and the consumer ALLL increased $81 million for the year ended December 31, 2022. The decrease in the commercial ALLL primarily reflects continued strong commercial portfolio performance and loan growth concentrated in higher quality loans, partially offset by a moderately slower economic outlook. The increase in the consumer ALLL was primarily driven by loan growth, normalizing loss trends in certain consumer portfolios, and a moderately slower economic outlook. Considerations for the moderately slower economic outlook include the potential impacts related to the risks associated with inflation, rising rates, geopolitical events, and recession. The quantitative models have been designed to estimate losses using macro-economic forecasts over a reasonable and supportable forecast period of two years, followed by a reversion to long-term historical loss conditions over a one-year period. Forecasts of macroeconomic variables used in loss forecasting include, but are not limited to, unemployment trends, U.S. real GDP, corporate credit spreads, rental rates, property values, the primary 30-year mortgage rate, home price indices, and used car prices. The primary economic forecast incorporates a third-party baseline forecast that is adjusted to reflect Truist’s interest rate outlook. Management also considers optimistic and pessimistic third-party macro-economic forecasts in order to capture uncertainty in the economic environment. These forecasts, along with the primary economic forecast, are weighted 40% baseline, 30% optimistic, and 30% pessimistic in the December 31, 2022 ACL, unchanged since December 31, 2021. While the scenario weightings were unchanged, each forecast scenario reflected a moderate deterioration in certain economic variables over the reasonable and supportable forecast period when compared to the prior period. The primary economic forecast shaping the ACL estimate at December 31, 2022 included GDP growth and an unemployment rate in the low-single digits. Quantitative models have certain limitations with respect to estimating expected losses, particularly in times of rapidly changing macro-economic conditions and forecasts. As a result, management believes that the qualitative component of the ACL, which incorporates management’s expert judgment related to expected future credit losses, will continue to be an important component of the ACL for the foreseeable future. The December 31, 2022 ACL estimate includes adjustments to consider the impact of current and expected events or risks not captured by the loss forecasting models, the outcomes of which are uncertain and may not be completely considered by quantitative models. Refer to “Note 1. Basis of Presentation” for additional information. NPAs The following table provides a summary of nonperforming loans and leases, excluding LHFS: December 31, 2022 December 31, 2021 Recorded Investment Recorded Investment (Dollars in millions) Without an ALLL With an ALLL Without an ALLL With an ALLL Commercial: Commercial and industrial $ 120 $ 278 $ 125 $ 269 CRE 75 7 12 17 Commercial construction — — — 7 Consumer: Residential mortgage 4 236 4 292 Residential home equity and direct 2 171 3 138 Indirect auto 3 286 1 217 Indirect other — 6 — 5 Total $ 204 $ 984 $ 145 $ 945 The following table presents a summary of nonperforming assets and residential mortgage loans in the process of foreclosure: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Nonperforming loans and leases HFI $ 1,188 $ 1,090 Nonperforming LHFS — 22 Foreclosed real estate 4 8 Other foreclosed property 58 43 Total nonperforming assets $ 1,250 $ 1,163 Residential mortgage loans in the process of foreclosure $ 248 $ 135 TDRs The following table presents a summary of TDRs: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Performing TDRs: Commercial: Commercial and industrial $ 136 $ 147 CRE 5 5 Commercial construction 1 — Consumer: Residential mortgage 1,252 692 Residential home equity and direct 76 98 Indirect auto 462 389 Indirect other 6 7 Student 30 25 Credit card 18 27 Total performing TDRs 1,986 1,390 Nonperforming TDRs 214 152 Total TDRs $ 2,200 $ 1,542 ALLL attributable to TDRs $ 152 $ 102 The primary type of modification for newly designated TDRs is summarized in the tables below. New TDR balances represent the recorded investment at the end of the quarter in which the modification was made. The prior quarter balance represents recorded investment at the beginning of the quarter in which the modification was made. Rate modifications consist of TDRs made with below market interest rates, including those that also have modifications of loan structures. As of / For the Year Ended December 31, 2022 (Dollars in millions) Type of Modification Prior Quarter Loan Balance Related ALLL at Period End Rate Structure Newly designated TDRs: Commercial $ 66 $ 10 $ 78 $ 9 Consumer 496 627 1,107 56 Credit card 8 — 8 4 Re-modification of previously designated TDRs 113 133 As of / For the Year Ended December 31, 2021 Type of Modification Prior Quarter Loan Balance Related ALLL at Period End (Dollars in millions) Rate Structure Newly designated TDRs: Commercial $ 35 $ 130 $ 193 $ 17 Consumer 284 312 606 36 Credit card 11 — 12 5 Re-modification of previously designated TDRs 61 38 As of / For the Year Ended December 31, 2020 Type of Modification Prior Quarter Loan Balance ALLL at Period End (Dollars in millions) Rate Structure Newly designated TDRs: Commercial $ 89 $ 176 $ 290 $ 24 Consumer 543 240 797 49 Credit card 29 — 28 10 Re-modification of previously designated TDRs 41 22 Unearned Income, Discounts, and Net Deferred Loan Fees and Costs The following table presents additional information about loans and leases: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Unearned income, discounts, and net deferred loan fees and costs $ 269 $ 849

Property, Plant, and Equipment

Property, Plant, and Equipment	12 Months Ended
Property, Plant, and Equipment	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Premises and Equipment	Premises and Equipment A summary of premises and equipment is presented in the accompanying table: December 31, Estimated Useful Life 2022 2021 Land and land improvements Indefinite $ 777 $ 863 Buildings and building improvements 40 years 2,474 2,602 Furniture and equipment 3 - 15 1,706 1,656 Leasehold improvements 928 910 Construction in progress 211 247 Finance leases 37 35 Total 6,133 6,313 Less: Accumulated depreciation (2,528) (2,613) Net premises and equipment $ 3,605 $ 3,700

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
Goodwill and Other Intangible Assets	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill And Other Intangible Assets	Goodwill and Other Intangible Assets The Company performed qualitative goodwill impairment tests for its CB&W, C&CB, and IH reporting units as of October 1, 2022. Based on the results of the impairment analyses, the Company concluded that there was no goodwill impairment. The Company monitored events and circumstances during the fourth quarter of 2022, concluding that it was not more likely-than-not that the fair value of one or more of its reporting units is below its respective carrying amount as of December 31, 2022. The changes in the carrying amount of goodwill attributable to operating segments are reflected in the table below. Activity during 2022 reflects the acquisition of BankDirect Capital Finance, BenefitMall, and Kensington Vanguard National Land Services. Activity during 2021 primarily reflects the acquisitions of Service Finance, LLC and Constellation Affiliated Partners. Refer to “Note 2. Business Combinations” for additional information on the acquisitions and “Note 21. Operating Segments” for additional information on segments. (Dollars in millions) CB&W C&CB IH Total Goodwill, January 1, 2021 $ 15,841 $ 6,167 $ 2,439 $ 24,447 Mergers and acquisitions 1,168 — 556 1,724 Adjustments and other (139) (18) 84 (73) Goodwill, December 31, 2021 16,870 6,149 3,079 26,098 Mergers and acquisitions — — 912 912 Adjustments and other (5) 5 3 3 Goodwill, December 31, 2022 $ 16,865 $ 6,154 $ 3,994 $ 27,013 The following table, which excludes fully amortized intangibles, presents information for identifiable intangible assets: December 31, 2022 December 31, 2021 (Dollars in millions) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount CDI $ 2,473 $ (1,403) $ 1,070 $ 2,563 $ (1,190) $ 1,373 Other, primarily client relationship intangibles 3,812 (1,210) 2,602 3,116 (1,081) 2,035 Total $ 6,285 $ (2,613) $ 3,672 $ 5,679 $ (2,271) $ 3,408 In 2022, Truist redeemed a noncontrolling equity interest in SunTrust Merchant Services, LLC, and paid cash of $175 million in exchange for the rights to certain merchant banking relationships, including relationships previously referred by Truist to SunTrust Merchant Services, LLC. Upon completion of this transaction, Truist recognized a gain on the redemption of noncontrolling equity interest of $74 million and $282 million of other intangibles representing the fair value of acquired contractual relationships as of the transaction date. The intangible assets are being amortized over a term of 12 years based upon the estimated duration of economic benefits received. The following table presents the estimated amortization expense of identifiable intangibles as of December 31, 2022 for the next five years and thereafter: (Dollars in millions) 2023 2024 2025 2026 2027 Thereafter Estimated amortization expense $ 536 $ 477 $ 420 $ 372 $ 335 $ 1,532

Loan Servicing

Loan Servicing	12 Months Ended
Loan Servicing	Dec. 31, 2022
Transfers and Servicing [Abstract]
Loan Servicing	Loan Servicing The Company acquires servicing rights, and retains servicing rights related to certain of its sales or securitizations of residential mortgages, commercial mortgages, and other consumer loans. Servicing rights are capitalized by the Company as Loan servicing rights on the Consolidated Balance Sheets. Income earned by the Company on its loan servicing rights is derived primarily from contractually specified servicing fees, late fees, net of curtailment costs, and other ancillary fees. Residential Mortgage Activities The following tables summarize residential mortgage servicing activities: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 UPB of residential mortgage loan servicing portfolio $ 274,028 $ 246,727 $ 239,034 UPB of residential mortgage loans serviced for others, primarily agency conforming fixed rate 217,046 196,011 188,341 Mortgage loans sold with recourse 200 244 328 Maximum recourse exposure from mortgage loans sold with recourse liability 127 155 201 Indemnification, recourse and repurchase reserves 56 74 93 As of / For the Year Ended December 31, 2022 2021 2020 UPB of residential mortgage loans sold from LHFS $ 26,643 $ 40,949 $ 48,366 Pre-tax gains recognized on mortgage loans sold and held for sale 69 446 1,034 Servicing fees recognized from mortgage loans serviced for others 630 592 630 Approximate weighted average servicing fee on the outstanding balance of residential mortgage loans serviced for others 0.31 % 0.31 % 0.32 % Weighted average interest rate on mortgage loans serviced for others 3.48 3.44 3.84 The following table presents a roll forward of the carrying value of residential MSRs recorded at fair value: (Dollars in millions) 2022 2021 2020 Residential MSRs, carrying value, January 1 $ 2,305 $ 1,778 $ 2,371 Acquired 321 355 — Additions 428 640 653 Change in fair value due to changes in valuation inputs or assumptions 766 225 (497) Realization of expected net servicing cash flows, passage of time and other (392) (693) (749) Residential MSRs, carrying value, December 31 $ 3,428 $ 2,305 $ 1,778 The sensitivity of the fair value of the Company’s residential MSRs to changes in key assumptions is presented in the following table: December 31, 2022 December 31, 2021 Range Weighted Average Range Weighted Average (Dollars in millions) Min Max Min Max Prepayment speed 8.6 % 12.5 % 9.0 % 11.4 % 15.3 % 13.8 % Effect on fair value of a 10% increase $ (110) $ (113) Effect on fair value of a 20% increase (211) (216) OAS 1.2 % 11.4 % 4.0 % 1.5 % 10.7 % 4.2 % Effect on fair value of a 10% increase $ (55) $ (37) Effect on fair value of a 20% increase (108) (73) Composition of loans serviced for others: Fixed-rate residential mortgage loans 99.5 % 99.3 % Adjustable-rate residential mortgage loans 0.5 0.7 Total 100.0 % 100.0 % Weighted average life 6.8 years 5.2 years The sensitivity calculations above are hypothetical and should not be considered predictive of future performance. As indicated, changes in fair value based on adverse changes in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, in the above table, the effect of an adverse variation in one assumption on the fair value of the MSRs is calculated without changing any other assumption; while in reality, changes in one factor may result in changes in another, which may magnify or counteract the effect of the change. See “Note 18. Fair Value Disclosures” for additional information on the valuation techniques used. Commercial Mortgage Activities The following table summarizes commercial mortgage servicing activities: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 UPB of CRE mortgages serviced for others $ 36,622 $ 37,960 CRE mortgages serviced for others covered by recourse provisions 9,955 10,243 Maximum recourse exposure from CRE mortgages sold with recourse liability 2,861 2,958 Recorded reserves related to recourse exposure 17 16 CRE mortgages originated during the year-to-date period 7,779 9,380 Commercial MSRs at fair value 301 280 Other Servicing Activities The Company had $29 million and $48 million of other loan servicing rights at fair value as of December 31, 2022 and December 31, 2021, respectively.

Other Assets and Liabilites

Other Assets and Liabilites	12 Months Ended
Other Assets and Liabilites	Dec. 31, 2022
Other Assets [Abstract]
Other Assets and Liabilities Disclosure	Other Assets and Liabilities Lessee Operating and Finance Leases The Company leases certain assets, consisting primarily of real estate, and assesses at contract inception whether a contract is, or contains, a lease. The following tables present additional information on leases, excluding leases related to the lease financing businesses: December 31, 2022 December 31, 2021 (Dollars in millions) Operating Leases Finance Leases Operating Leases Finance Leases ROU assets $ 1,193 $ 20 $ 1,168 $ 22 Maturities of lease liabilities: 2023 $ 311 $ 4 2024 304 5 2025 269 5 2026 218 4 2027 183 3 Thereafter 433 4 Total lease payments 1,718 25 $ 1,715 $ 29 Less: imputed interest 173 2 115 3 Total lease liabilities $ 1,545 $ 23 $ 1,600 $ 26 Weighted average remaining term 6.6 years 5.6 years 6.6 years 6.4 years Weighted average discount rate 2.7 % 3.4 % 2.3 % 3.5 % Year Ended December 31, (Dollars in millions) 2022 2021 2020 Operating lease costs $ 328 $ 319 $ 360 Lessor Operating Leases The Company’s two primary lessor businesses are equipment financing and structured real estate with income recorded in Operating lease income on the Consolidated Statements of Income. The following table presents a summary of assets under operating leases. This table excludes subleases on assets included in premises and equipment. (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Assets held under operating leases (1) $ 2,090 $ 2,110 Accumulated depreciation (550) (539) Net $ 1,540 $ 1,571 (1) Includes certain land parcels subject to operating leases that have indefinite lives. Bank-Owned Life Insurance Bank-owned life insurance consists of life insurance policies held on certain teammates for which the Company is the beneficiary. The carrying value of bank-owned life insurance was $7.6 billion at December 31, 2022 and $7.3 billion at December 31, 2021.

Deposits

Deposits	12 Months Ended
Deposits	Dec. 31, 2022
Deposits [Abstract]
Deposits	Deposits The composition of deposits is presented in the following table: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Noninterest-bearing deposits $ 135,742 $ 145,892 Interest-bearing deposits: Interest checking 110,464 115,754 Money market and savings 143,815 138,956 Time deposits 23,474 15,886 Total deposits $ 413,495 $ 416,488 Time deposits greater than $250,000 $ 8,205 $ 2,187 The following table presents time deposit maturities: (Dollars in millions) 2023 2024 2025 2026 2027 Thereafter Future time deposit maturities $ 21,458 $ 1,123 $ 369 $ 254 $ 261 $ 9

Borrowings

Borrowings	12 Months Ended
Borrowings	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt Disclosure	Borrowings The following table presents a summary of short-term borrowings: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 FHLB advances $ 18,900 $ — Securities sold under agreements to repurchase 2,128 2,435 Securities sold short 1,551 1,731 Collateral in excess of derivative exposures 403 318 Master notes 370 808 Other short-term borrowings 70 — Total short-term borrowings $ 23,422 $ 5,292 The following table presents a summary of long-term debt: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Stated Rate Effective Rate (1) Carrying Amount Carrying Amount Maturity Min Max Truist Financial Corporation: Fixed rate senior notes 2023 to 2033 1.13 % 6.12 % 3.04 % $ 14,107 $ 13,271 Floating rate senior notes 2025 2025 4.70 4.70 4.70 999 1,348 Fixed rate subordinated notes (2) 2026 2033 3.88 6.00 4.34 1,882 1,254 Capital notes (2) 2027 2028 4.72 5.42 6.21 625 620 Structured notes (3) 2023 2023 12 11 Truist Bank: Fixed rate senior notes 2023 2025 1.25 4.05 1.96 6,982 9,545 Floating rate senior notes 2023 2024 4.50 5.03 4.65 1,749 2,399 Fixed rate subordinated notes (2) 2025 2030 2.25 3.80 3.01 4,767 5,043 Fixed rate FHLB advances 2023 2034 — 3.00 0.84 2 863 Floating rate FHLB advances 2024 2026 4.57 4.77 4.70 10,800 — Other long-term debt (4) 1,278 1,263 Nonbank subsidiaries: Other long-term debt (5) — 296 Total long-term debt $ 43,203 $ 35,913 (1) Includes the impact of debt issuance costs and purchase accounting, and excludes hedge accounting impacts. (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) Consist of notes with various terms that include fixed or floating rate interest or returns that are linked to an equity index. (4) Includes debt associated with finance leases, tax credit investments, and other. (5) Includes debt associated with structured real estate leases. The following table presents future debt maturities: (Dollars in millions) 2023 2024 2025 2026 2027 Thereafter Future debt maturities (1) $ 4,651 $ 10,977 $ 10,332 $ 6,535 $ 2,344 $ 8,366 (1) Amounts include imputed interest of $2 million related to finance leases.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
Shareholders' Equity	Dec. 31, 2022
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Common Stock The following table presents total dividends declared per share of common stock: Year Ended December 31, 2022 2021 2020 Cash dividends declared per share $ 2.00 $ 1.86 $ 1.80 Share Repurchase Activity Truist’s share repurchase activity is dependent on capital deployment through organic growth and acquisitions, giving consideration to economic and regulatory conditions. The Board of Directors has authorized the repurchase of up to $4.1 billion of the Company’s common stock from October 1, 2022 through September 30, 2023. For the year ended December 31, 2022, the Company repurchased $250 million of common stock, which represented 5.1 million shares. These repurchases occurred under the previous Board of Directors authorization. Preferred Stock Dividends on the preferred stock are non-cumulative and payable when declared by the Company’s Board or a duly authorized committee of the Board. The Company issued depositary shares, each of which represents a fractional ownership interest in a share of the Company’s preferred stock. The preferred stock has no stated maturity and redemption is solely at the option of the Company in whole or in part after the earliest redemption date at the liquidation preference plus declared and unpaid dividends. Prior to the redemption date, the Company has the option to redeem in whole, but not in part, upon the occurrence of a regulatory capital treatment event. The following table presents a summary of the non-cumulative perpetual preferred stock as of December 31, 2022: Preferred Stock Issue Issuance Date Earliest Redemption Date Liquidation Amount Carrying Amount Dividend Rate Dividend Payments Series I 12/6/2019 (1) 12/15/2024 $ 173 $ 168 Variable (2) Quarterly Series J 12/6/2019 (1) 12/15/2024 103 92 Variable (3) Quarterly Series L 12/6/2019 (1) 12/15/2024 750 766 Variable (4) Quarterly (9) Series M 12/6/2019 (1) 12/15/2027 500 516 5.125 % (5) Semi-annually (10) Series N 7/29/2019 9/1/2024 1,700 1,683 4.800 (6) Semi-annually Series O 5/27/2020 6/1/2025 575 559 5.250 Quarterly Series P 6/1/2020 12/1/2025 1,000 992 4.950 (7) Semi-annually Series Q 6/19/2020 9/1/2030 1,000 992 5.100 (8) Semi-annually Series R 8/3/2020 9/1/2025 925 905 4.750 Quarterly Total $ 6,726 $ 6,673 (1) Converted security from previously issued SunTrust preferred stock. Each outstanding share of SunTrust perpetual preferred stock was converted into the right to receive one share of an applicable newly issued series of Truist preferred stock having substantially the same terms as such share of SunTrust preferred stock. (2) Dividend rate is the greater of 4.00% or 3-month LIBOR plus 0.530%, subject to transition to an alternative reference rate. (3) Dividend rate is the greater of 4.00% or 3-month LIBOR plus 0.645%, subject to transition to an alternative reference rate. (4) Dividend rate of 3-month LIBOR plus 3.102% after June 15, 2022, subject to transition to an alternative reference rate. Prior to June 15, 2022, fixed dividend rate of 5.05%. (5) Fixed dividend rate will reset on December 15, 2027, then dividend rate will be 3-month LIBOR plus 2.786%, subject to transition to an alternative reference rate. (6) Fixed dividend rate will reset on September 1, 2024, and on each following fifth anniversary of the reset date to the five-year U.S. Treasury rate plus 3.003%. (7) Fixed dividend rate will reset on December 1, 2025, and on each following fifth anniversary of the reset date to the five-year U.S. Treasury rate plus 4.605%. (8) Fixed dividend rate will reset on September 1, 2030, and on each following tenth anniversary of the reset date to the ten-year U.S. Treasury rate plus 4.349%. (9) Dividend payments became quarterly on September 15, 2022. (10) Dividend payments become quarterly after dividend rate reset. Issuances During 2020, Truist issued a total of $3.5 billion in series O, series P, series Q, and series R preferred stock to further strengthen its capital position. Redemptions During 2021, the Company redeemed all 18,000 outstanding shares of its perpetual preferred stock series F and the corresponding depositary shares representing fractional interests in such series for $450 million, all 20,000 outstanding shares of its perpetual preferred stock series G and the corresponding depositary shares representing fractional interests in such series for $500 million, and all 18,600 outstanding shares of its perpetual preferred stock series H and the corresponding depositary shares representing fractional interests in such series for $465 million. During 2020, the Company redeemed all 5,000 outstanding shares of its perpetual preferred stock series K and the corresponding depositary shares representing fractional interests in such series for $500 million plus any unpaid dividends. These preferred stock redemptions were in accordance with the terms of the Company’s Articles of Incorporation. Noncontrolling Interest During 2021, an indirect subsidiary of Truist Bank redeemed all 1,000 outstanding shares of its Series B Non-Cumulative Exchangeable Preferred Stock for $100 million. Regular dividends were paid separately.

AOCI

AOCI	12 Months Ended
AOCI	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
AOCI	AOCI AOCI includes the after-tax change in unrecognized net costs related to defined benefit pension and OPEB plans as well as unrealized gains and losses on cash flow hedges, AFS securities, and HTM securities transferred from AFS securities. (Dollars in millions) Pension and OPEB Costs Cash Flow Hedges AFS Securities HTM Securities Other, net Total AOCI balance, January 1, 2020 $ (1,122) $ (101) $ 380 $ — $ (1) $ (844) OCI before reclassifications, net of tax 190 1 1,298 — 2 1,491 Amounts reclassified from AOCI: Before tax 75 48 (32) — — 91 Tax effect 18 12 (8) — — 22 Amounts reclassified, net of tax 57 36 (24) — — 69 Total OCI, net of tax 247 37 1,274 — 2 1,560 AOCI balance, December 31, 2020 (875) (64) 1,654 — 1 716 OCI before reclassifications, net of tax 767 — (3,459) — — (2,692) Amounts reclassified from AOCI: Before tax 29 72 384 — — 485 Tax effect 7 17 89 — — 113 Amounts reclassified, net of tax 22 55 295 — — 372 Total OCI, net of tax 789 55 (3,164) — — (2,320) AOCI balance, December 31, 2021 (86) (9) (1,510) — 1 (1,604) OCI before reclassifications, net of tax (1,471) (78) (10,792) — (6) (12,347) AFS Securities transferred to HTM, net of tax — — 2,872 (2,872) — — Amounts reclassified from AOCI: Before tax 29 12 45 367 — 453 Tax effect 7 3 10 83 — 103 Amounts reclassified, net of tax 22 9 35 284 — 350 Total OCI, net of tax (1,449) (69) (10,757) 284 (6) (11,997) AOCI balance, December 31, 2022 $ (1,535) $ (78) $ (9,395) $ (2,588) $ (5) $ (13,601) Primary income statement location of amounts reclassified from AOCI Other expense Net interest income and Other expense Securities gains (losses) and Net interest income Net interest income Net interest income

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The components of the income tax provision are as follows: Year Ended December 31, (Dollars in millions) 2022 2021 2020 Current expense: Federal $ 930 $ 1,113 $ 979 State 115 91 155 Total current expense 1,045 1,204 1,134 Deferred expense: Federal 302 235 (131) State 55 117 (22) Total deferred expense 357 352 (153) Provision for income taxes $ 1,402 $ 1,556 $ 981 A reconciliation of the provision for income taxes at the statutory federal income tax rate to the Company’s actual provision for income taxes and effective tax rate is presented in the following table: Year Ended December 31, 2022 2021 2020 (Dollars in millions) Amount % of Income Before Taxes Amount % of Income Before Taxes Amount % of Income Before Taxes Federal income taxes at statutory rate $ 1,611 21.0 % $ 1,679 21.0 % $ 1,149 21.0 % Increase (decrease) in provision for income taxes as a result of: State income taxes, net of federal tax benefit 134 1.7 164 2.1 105 1.9 Income tax credits, net of amortization (233) (3.0) (195) (2.4) (178) (3.3) Tax-exempt interest (109) (1.4) (86) (1.1) (99) (1.8) Other, net (1) — (6) (0.1) 4 0.1 Provision for income taxes $ 1,402 18.3 $ 1,556 19.5 $ 981 17.9 Deferred income tax assets and liabilities result from differences between the timing of the recognition of assets and liabilities for financial reporting purposes and for income tax purposes. DTAs and DTLs are measured using the enacted federal and state tax rates in the periods in which the DTAs or DTLs are expected to be realized. In the Consolidated Balance Sheets, a net deferred income tax asset is recorded in Other assets and a net deferred income tax liability is recorded in Other liabilities. Significant DTAs and DTLs, net of the federal impact for state taxes, are presented in the following table: December 31, (Dollars in millions) 2022 2021 DTAs: Net unrealized losses in AOCI $ 4,150 $ 488 ALLL 1,022 1,033 Employee compensation and benefits 765 819 Operating lease liability 372 389 Accruals and reserves 207 245 Federal and state NOLs and other carryforwards 125 113 Loans — 53 Other 190 59 Total gross DTAs 6,831 3,199 Valuation allowance (106) (105) Total DTAs net of valuation allowance 6,725 3,094 DTLs: Pension 1,532 1,416 Goodwill and other intangible assets 686 630 Equipment and auto leasing 422 465 MSRs 345 360 ROU assets 283 280 Loans 279 — Other 151 173 Total DTLs 3,698 3,324 Net DTA (DTL) $ 3,027 $ (230) The DTAs include state NOLs and other state carryforwards that will expire, if not utilized, in varying amounts from 2023 to 2042. The Company had a valuation allowance recorded against certain state NOL carryforward DTAs of $106 million and $105 million at December 31, 2022 and 2021, respectively. The following table provides a rollforward of the Company’s gross federal and state UTBs, excluding interest and penalties: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Balance, January 1 $ 104 $ 133 Increases in UTBs related to prior years 2 3 Decreases in UTBs related to prior years (2) (16) Increases in UTBs related to the current year 9 8 Decreases in UTBs related to settlements (4) (14) Decreases in UTBs related to lapse of the applicable statues of limitations (12) (10) Balance, December 31 $ 97 $ 104 The amount of UTBs that would favorably affect the Company’s effective tax rate, if recognized, was $80 million and $72 million at December 31, 2022 and 2021, respectively. Interest and penalties related to UTBs are recorded in the Provision for income taxes in the Consolidated Statement of Income. The Company had a gross liability of $11 million and $9 million for interest and penalties related to its UTBs at December 31, 2022 and 2021, respectively. The amount of gross expense related to interest and penalties on UTBs was immaterial. The Company files U.S. federal, state, and local income tax returns. The Company’s federal income tax returns are no longer subject to assessment by the IRS for taxable years prior to 2019. With limited exceptions, the Company is no longer subject to assessment by state and local taxing authorities for taxable years prior to 2016. It is reasonably possible that the liability for unrecognized tax benefits could decrease by as much as $14 million during the next 12 months due to completion of tax authority examinations and the expiration of statutes of limitations. It is uncertain how much, if any, of this potential decrease will impact the Company’s effective tax rate.

Benefit Plans

Benefit Plans	12 Months Ended
Benefit Plans	Dec. 31, 2022
Retirement Benefits [Abstract]
Benefit Plans	Benefit Plans Defined Benefit Retirement Plans Truist provides defined benefit retirement plans qualified under the IRC. Benefits are based on years of service, age at retirement and the employee’s compensation during the five The following tables present a summary of the qualified and nonqualified defined benefit pension plans. On the Consolidated Balance Sheets, the qualified pension plan net asset is recorded as a component of Other assets and the nonqualified pension plans net liability is recorded as a component of Other liabilities. The data is calculated using an actuarial measurement date of December 31. Year Ended December 31, (Dollars in millions) Location 2022 2021 2020 Net periodic pension cost: Service cost Personnel expense $ 548 $ 612 $ 518 Interest cost Other expense 351 319 313 Estimated return on plan assets Other expense (1,078) (998) (866) Net amortization and other Other expense 35 35 76 Net periodic benefit cost (income) (144) (32) 41 Pre-tax amounts recognized in OCI: Net actuarial loss (gain) 1,949 (1,012) (244) Net amortization (35) (35) (77) Net amount recognized in OCI 1,914 (1,047) (321) Total net periodic pension costs (income) recognized in total comprehensive income, pre-tax $ 1,770 $ (1,079) $ (280) Weighted average assumptions used to determine net periodic pension cost: Discount rate 3.18 % 2.94 % 3.45 % Expected long-term rate of return on plan assets 6.50 6.70 6.90 Cash balance interest crediting rate 4.00 3.00 3.00 Assumed long-term rate of annual compensation increases 4.50 4.50 4.50 The weighted average expected long-term rate of return on plan assets represents the average rate of return expected to be earned on plan assets over the period the benefits included in the benefit obligation are to be paid. In developing the expected rate of return, Truist considers long-term compound annualized returns of historical market data for each asset category, as well as historical actual returns on the plan assets. Using this reference information, the Company develops forward-looking return expectations for each asset category and a weighted average expected long-term rate of return for the plan based on target asset allocations contained in the Company’s Investment Policy Statement. For 2023, the expected rate of return on plan assets is 6.7%. Activity in the projected benefit obligation is presented in the following table: Year Ended December 31, (Dollars in millions) Qualified Plan Nonqualified Plans 2022 2021 2022 2021 Projected benefit obligation, January 1 $ 10,461 $ 10,277 $ 740 $ 661 Service cost 503 573 45 39 Interest cost 327 300 25 20 Actuarial (gain) loss (1) (3,013) (371) (130) 40 Benefits paid (354) (318) (25) (20) Projected benefit obligation, December 31 $ 7,924 $ 10,461 $ 655 $ 740 Accumulated benefit obligation, December 31 $ 7,070 $ 9,231 $ 517 $ 578 Weighted average assumptions used to determine projected benefit obligations: Weighted average assumed discount rate 5.30 % 3.18 % 5.30 % 3.18 % Assumed rate of annual compensation increases 4.50 4.50 4.50 4.50 (1) For the qualified plan, the 2022 and 2021 gains are primarily due to increases in the assumed discount rate, net of the impact of actual plan experience. For the nonqualified plans, the 2022 gain is primarily due to an increase in the assumed discount rate, while the 2021 loss is primarily due to the impact of actual plan experience, net of the increase in assumed discount rate. Activity in plan assets is presented in the following table: Year Ended December 31, (Dollars in millions) Qualified Plan Nonqualified Plans 2022 2021 2022 2021 Fair value of plan assets, January 1 $ 16,399 $ 14,635 $ — $ — Actual return (loss) on plan assets (4,014) 1,679 — — Employer contributions 431 403 25 20 Benefits paid (354) (318) (25) (20) Fair value of plan assets, December 31 $ 12,462 $ 16,399 $ — $ — Funded status, December 31 $ 4,538 $ 5,938 $ (655) $ (740) The following are the pre-tax amounts recognized in AOCI: (Dollars in millions) Qualified Plan Nonqualified Plans Dec 31, 2022 Dec 31, 2021 Dec 31, 2022 Dec 31, 2021 Prior service credit (cost) $ (40) $ (65) $ 39 $ 58 Net actuarial gain (loss) (1,884) 194 (116) (274) Net amount recognized $ (1,924) $ 129 $ (77) $ (216) Truist makes contributions to the qualified pension plan in amounts between the minimum required for funding and the maximum amount deductible for federal income tax purposes. Truist made discretionary contributions of $431 million for the year ended December 31, 2022. Additionally, Truist made discretionary contributions of $1.3 billion during the first quarter of 2023. Management may make additional contributions in 2023. For the nonqualified plans, employer contributions are based on benefit payments. The following table reflects the estimated benefit payments for the periods presented: (Dollars in millions) Qualified Plan Nonqualified Plans 2023 $ 352 $ 28 2024 360 35 2025 376 32 2026 394 34 2027 413 35 2028-2032 2,372 205 The Company’s primary total return objective is to achieve returns that, over the long term, will fund retirement liabilities and provide for the desired plan benefits in a manner that satisfies the fiduciary requirements of the ERISA. The plan assets have a long-term time horizon that runs concurrent with the average life expectancy of the participants. As such, the Plan can assume a time horizon that extends well beyond a full market cycle and can assume an above-average level of risk, as measured by the standard deviation of annual return. The investments are broadly diversified among economic sector, industry, quality, and size in order to reduce risk and to produce incremental return. Within approved guidelines and restrictions, investment managers have wide discretion over the timing and selection of individual investments. Truist periodically reviews its asset allocation and investment policy and makes changes to its target asset allocation. Truist has established guidelines within each asset category to ensure the appropriate balance of risk and reward. The following table presents the fair values of the qualified pension plan assets by asset category: (Dollars in millions) Target Allocation December 31, 2022 December 31, 2021 Min Max Total Level 1 Level 2 Total Level 1 Level 2 Cash and cash-equivalents (1) $ 314 $ 314 $ — $ 212 $ 212 $ — U.S. equity securities 19.5 % 29.5 % 3,171 1,602 1,569 5,452 2,744 2,708 International equity securities 5.5 15.5 1,672 269 1,403 2,378 260 2,118 Fixed income securities 50.0 60.0 6,495 — 6,495 7,782 — 7,782 Total $ 11,652 $ 2,185 $ 9,467 $ 15,824 $ 3,216 $ 12,608 (1) Includes funds held in a short-term, government money-market fund. International equity securities include certain pooled investment vehicles, such as a common/commingled fund, which consist of assets from several investors, pooled together, to reduce management and administration costs. At December 31, 2022 and 2021, investments totaling $735 million and $513 million, respectively, have been excluded from the table above as these investments are valued based on net asset value as a practical expedient. Defined Contribution Plans Truist offers a 401(k) Savings Plan and other defined contribution plans that permit teammates to contribute up to 50% of cash compensation. For full-time teammates who are 21 years of age or older with one year or more of service, Truist makes matching contributions of up to 6% of the employee’s compensation. The Company’s contribution expense for the 401(k) Savings Plan and nonqualified defined contribution plans totaled $257 million, $272 million and $272 million for the years ended December 31, 2022, 2021 and 2020, respectively. Certain teammates of subsidiaries participate in the 401(k) Savings Plan with different matching formulas. Equity-Based Compensation Plans At December 31, 2022, RSAs, RSUs, and PSUs were outstanding from equity-based compensation plans that have been approved by shareholders and plans assumed from acquired entities. Those plans are intended to assist the Company in recruiting and retaining teammates, directors, and independent contractors and to align the interests of eligible participants with those of Truist and its shareholders. The majority of outstanding awards and awards available to be issued relate to plans that allow for accelerated vesting of awards for holders who retire and have met all retirement eligibility requirements or in connection with certain other events. Until vested, certain of these awards are subject to forfeiture under specified circumstances. The fair value of RSUs and PSUs is based on the common stock price on the grant date less the present value of expected dividends that will be foregone during the vesting period. Substantially all awards are granted in February of each year. Grants to non-executive teammates primarily consist of RSUs. The following table provides a summary of the equity-based compensation plans: (Shares in thousands) Dec 31, 2022 Shares available for future grants 41,981 Vesting period, minimum 1.0 year Vesting period, maximum 5.0 years The following table presents a summary of selected data related to equity-based compensation costs: As of / For the Year Ended December 31, (Dollars in millions) 2022 2021 2020 Equity-based compensation expense $ 318 $ 320 $ 353 Income tax benefit from equity-based compensation expense 74 75 84 Intrinsic value of options exercised, and RSUs and PSUs that vested during the year 350 474 412 Grant date fair value of equity-based awards that vested during the year 290 395 420 Unrecognized compensation cost related to equity-based awards 287 254 234 Weighted-average life over which compensation cost is expected to be recognized 2.7 years 2.5 years 2.3 years The following table presents the activity related to awards of RSUs, PSUs and restricted shares: (Shares in thousands) Units/Shares Wtd. Avg. Grant Date Fair Value Nonvested at January 1, 2022 17,061 $ 50.01 Granted 7,492 56.11 Vested (5,706) 50.85 Forfeited (1,161) 53.43 Nonvested at December 31, 2022 17,686 52.33 Other Benefits There are various other employment contracts, deferred compensation arrangements and non-compete covenants with selected members of management and certain retirees. Additionally, in 2022, the Company began an employee stock purchase plan. These plans and their obligations are not material to the financial statements.

Commitment and Contingencies

Commitment and Contingencies	12 Months Ended
Commitment and Contingencies	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure	Commitments and Contingencies Truist utilizes a variety of financial instruments to mitigate exposure to risks and meet the financing needs and provide investment opportunities for clients. These financial instruments include commitments to extend credit, letters of credit and financial guarantees, derivatives, and other investments. Truist also has commitments to fund certain affordable housing investments and contingent liabilities related to certain sold loans. Tax Credit and Certain Equity Investments The Company invests in certain affordable housing projects throughout its market area as a means of supporting local communities. Truist receives tax credits related to these investments, for which the Company typically acts as a limited partner and therefore does not exert control over the operating or financial policies of the partnerships. Truist typically provides financing during the construction and development of the properties; however, permanent financing is generally obtained from independent third parties upon completion of a project. Tax credits are subject to recapture by taxing authorities based on compliance features required to be met at the project level. Truist’s maximum potential exposure to losses relative to investments in VIEs is generally limited to the sum of the outstanding balance, future funding commitments and any related loans to the entity, exclusive of any potential tax recapture associated with the investments. Loans to these entities are underwritten in substantially the same manner as the Company’s other loans and are generally secured. Additionally, the Company invests in other community development entities as a limited partner and/or a lender. The Company receives tax credits for its limited partner investments. The Company has determined that the majority of the related partnerships are VIEs. The Company has concluded that it is not the primary beneficiary of these investments. Truist uses the equity method of accounting for these investments. The Company also invests in entities that promote renewable energy sources as a limited partner. The Company has determined that these renewable energy tax credit partnerships are VIEs. The Company has concluded that it is not the primary beneficiary of these VIEs because it does not have the power to direct the activities that most significantly impact the VIEs’ financial performance and therefore, it is not required to consolidate these VIEs. The Company’s maximum exposure to loss related to these investments is limited to its equity investments in these partnerships and any additional unfunded equity commitments. Truist has investments in and future funding commitments related to private equity and certain other equity method investments. The risk exposure relating to such commitments is generally limited to the amount of investments and future funding commitments made. The following table summarizes certain tax credit and certain equity investments: (Dollars in millions) Balance Sheet Location Dec 31, 2022 Dec 31, 2021 Investments in affordable housing projects: Carrying amount Other assets $ 4,589 $ 4,107 Amount of future funding commitments included in carrying amount Other liabilities 1,762 1,285 Lending exposure Loans and leases for funded amounts 1,547 763 Renewable energy investments: Carrying amount Other assets 264 257 Amount of future funding commitments not included in carrying amount NA 361 71 Private equity and certain other equity method investments: Carrying amount Other assets 1,876 1,822 Amount of future funding commitments not included in carrying amount NA 532 411 The following table presents a summary of tax credits and amortization associated with the Company’s tax credit investment activity: Year Ended December 31, (Dollars in millions) Income Statement Location 2022 2021 2020 Tax credits: Investments in affordable housing projects Provision for income taxes $ 483 $ 477 $ 454 Other community development investments Provision for income taxes 100 103 96 Renewable energy investments NA (1) 206 157 159 Amortization and other changes in carrying amount: Investments in affordable housing projects Provision for income taxes $ 487 $ 472 $ 455 Other community development investments Other noninterest income 81 86 81 Renewable energy investments Other noninterest income 4 4 4 (1) Tax credits received for these investments are recorded as a reduction to the carrying value of these investments. Letters of Credit and Financial Guarantees In the normal course of business, Truist utilizes certain financial instruments to meet the financing needs of clients and to mitigate exposure to risks. Such financial instruments include commitments to extend credit and certain contractual agreements, including standby letters of credit and financial guarantee arrangements. Commitments to extend, originate, or purchase credit are primarily lines of credit to businesses and consumers and have specified rates and maturity dates. Many of these commitments also have adverse change clauses, which allow Truist to cancel the commitment due to deterioration in the borrowers’ creditworthiness. The fair values of commitments are estimated using the fees charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. The fair values of guarantees and letters of credit are estimated based on the counterparties’ creditworthiness and average default rates for loan products with similar risks. Consumer lending and revolving credit commitments have an immaterial fair value as Truist typically has the unconditional ability to cancel such commitments. Refer to “Note 18. Fair Value Disclosures” for additional disclosures on the RUFC. Truist has sold certain mortgage-related loans that contain recourse provisions. These provisions generally require Truist to reimburse the investor for a share of any loss that is incurred after the disposal of the property. Truist also issues standard representations and warranties related to mortgage loan sales to GSEs. Refer to “Note 8. Loan Servicing” for additional disclosures related to these exposures. Letters of credit and financial guarantees are unconditional commitments issued by Truist to guarantee the performance of a client to a third-party. These guarantees are primarily issued to support borrowing arrangements, including commercial paper issuance, bond financing and similar transactions. The credit risk involved in the issuance of these guarantees is essentially the same as that involved in extending loans to clients and, as such, the instruments are collateralized when necessary. The following is a summary of selected notional amounts of off-balance sheet financial instruments: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Commitments to extend, originate, or purchase credit $ 216,838 $ 198,658 Residential mortgage loans sold with recourse 200 244 CRE mortgages serviced for others covered by recourse provisions 9,955 10,243 Other loans serviced for others covered by recourse provisions 723 588 Letters of credit 6,030 5,568 Derivatives Truist enters into derivative contracts to manage various financial risks. A derivative is a financial instrument that derives its cash flows, and therefore its value, by reference to an underlying instrument, index, or referenced interest rate. Derivative contracts are carried at fair value on the Consolidated Balance Sheets with the fair value representing the net present value of expected future cash receipts or payments based on market interest rates. For additional information on derivative instruments, see “Note 19. Derivative Financial Instruments.” Total Return Swaps The Company facilitates matched book TRS transactions on behalf of clients, whereby a VIE purchases reference assets identified by a client and the Company enters into a TRS with the VIE, with a mirror-image TRS facing the client. The Company provides senior financing to the VIE in the form of demand notes to fund the purchase of the reference assets. Reference assets are typically fixed income instruments primarily composed of syndicated bank loans. The TRS contracts pass through interest and other cash flows on the reference assets to the third-party clients, along with exposing those clients to decreases in value on the assets and providing them with the rights to appreciation on the assets. The terms of the TRS contracts require the third parties to post initial margin collateral, as well as ongoing margin as the fair values of the underlying reference assets change. The following table provides a summary of the TRS transactions with VIE purchases. VIE assets include trading loans and bonds: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Total return swaps: VIE assets $ 1,830 $ 1,519 Trading loans and bonds 1,790 1,491 VIE liabilities 163 50 The Company concluded that the associated VIEs should be consolidated because the Company has (i) the power to direct the activities that most significantly impact the economic performance of the VIE and (ii) the obligation to absorb losses and the right to receive benefits, which could potentially be significant. The activities of the VIEs are restricted to buying and selling the reference assets and the risks/benefits of any such assets owned by the VIEs are passed to the third-party clients via the TRS contracts. For additional information on TRS contracts and the related VIEs, see “Note 19. Derivative Financial Instruments.” Other Commitments Truist holds public funds in certain states that do not require 100% collateralization on public fund bank deposits. In these states, should the failure of another public fund depository institution result in a loss for the public entity, the resulting uncollateralized deposit shortfall would have to be absorbed on a pro-rata basis (based upon the public deposits held by each bank within the respective state) by the remaining financial institutions holding public funds in that state. Truist monitors deposit levels relative to the total public deposits held by all depository institutions within these states. The likelihood that the Company would have to perform under this guarantee is dependent on whether any financial institutions holding public funds default, as well as the adequacy of collateral coverage. In the ordinary course of business, Truist indemnifies its officers and directors to the fullest extent permitted by law against liabilities arising from pending litigation. Truist also issues standard representations and warranties in underwriting agreements, merger and acquisition agreements, loan sales, brokerage activities and other similar arrangements. Counterparties in many of these indemnification arrangements provide similar indemnifications to Truist. Although these agreements often do not specify limitations, Truist does not believe that any payments related to these guarantees would materially change the financial position or results of operations of Truist. As a member of the FHLB, Truist is required to maintain a minimum investment in capital stock. The board of directors of the FHLB can increase the minimum investment requirements in the event it has concluded that additional capital is required to allow it to meet its own regulatory capital requirements. Any increase in the minimum investment requirements outside of specified ranges requires the approval of the Federal Housing Finance Agency. Because the extent of any obligation to increase Truist’s investment in the FHLB depends entirely upon the occurrence of a future event, potential future investments in the FHLB stock are not determinable. The Company utilizes the Fixed Income Clearing Corporation for trade comparisons, netting, and settlement of fixed income securities. As a Government Securities Division netting member, the Company has a commitment to the Fixed Income Clearing Corporation to meet its financial obligations as a central counterparty clearing house in the event the Fixed Income Clearing Corporation has insufficient liquidity resources through a potential committed liquidity resource repurchase transaction. Any commitment would be based on the Company’s share of its liquidity burden on the Fixed Income Clearing Corporation. Truist does not believe that any payments related to these guarantees would materially change the financial position or results of operations of Truist. Pledged Assets Certain assets were pledged to secure municipal deposits, securities sold under agreements to repurchase, certain derivative agreements, and borrowings or borrowing capacity, as well as to fund certain obligations related to nonqualified defined benefit and defined contribution retirement plans and for other purposes as required or permitted by law. Assets pledged to the FHLB and FRB are subject to applicable asset discounts when determining borrowing capacity. The Company has capacity for secured financing from both the FRB and FHLB and letters of credit from the FHLB. The Company’s letters of credit from the FHLB can be used to secure various client deposits, including public fund relationships. Excluding assets related to nonqualified benefit plans, the majority of the agreements governing the pledged assets do not permit the other party to sell or repledge the collateral. The following table provides the total carrying amount of pledged assets by asset type: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Pledged securities $ 38,012 $ 29,678 Pledged loans: FRB 71,234 73,349 FHLB 68,988 64,698 Unused borrowing capacity: FRB 49,250 52,170 FHLB 20,770 49,244 Litigation and Regulatory Matters Truist and/or its subsidiaries are routinely named as defendants in or parties to numerous actual or threatened legal proceedings, including civil litigation and regulatory investigations or enforcement matters, arising from the ordinary conduct of its regular business activities. The matters range from individual actions involving a single plaintiff to class action lawsuits with many class members and can involve claims for substantial or indeterminate alleged damages or for injunctive or other relief. Investigations may involve both formal and informal proceedings, by both governmental agencies and self-regulatory organizations, and could result in fines, penalties, restitution, and/or alterations in Truist’s business practices. These legal proceedings are at varying stages of adjudication, arbitration, or investigation and may consist of a variety of claims, including common law tort and contract claims, as well as statutory antitrust, securities, and consumer protection claims. The ultimate resolution of any proceeding and the timing of such resolution is uncertain and inherently difficult to predict. It is possible that the ultimate resolution of these matters, including those described below, if unfavorable, may be material to the consolidated financial position, consolidated results of operations, or consolidated cash flows of Truist, or cause significant reputational consequences. Truist establishes accruals for legal matters when potential losses associated with the actions become probable and the amount of loss can be reasonably estimated. There is no assurance that the ultimate resolution of these matters will not significantly exceed the amounts that Truist has accrued. Accruals for legal matters are based on management’s best judgment after consultation with counsel and others. The Company estimates reasonably possible losses, in excess of amounts accrued, of up to approximately $200 million as of December 31, 2022. This estimate does not represent Truist’s maximum loss exposure, and actual losses may vary significantly. In addition, the matters underlying this estimate will change from time to time. Estimated losses are based upon currently available information and involve considerable judgment, given that claims often include significant legal uncertainties, damages alleged by plaintiffs are often unspecified or overstated, discovery may not have started or may not be complete, and material facts may be disputed or unsubstantiated, among other factors. For certain matters, Truist may be unable to estimate the loss or range of loss, even if it believes that a loss is probable or reasonably possible, until developments in the case provide additional information sufficient to support such an estimate. Such matters are not accrued for and are not reflected in the estimate of reasonably possible losses. The following is a description of certain legal proceedings in which Truist is involved: Bickerstaff v. SunTrust Bank This class action case was filed in the Fulton County State Court on July 12, 2010, and an amended complaint was filed on August 9, 2010. Plaintiff asserts that all overdraft fees charged to his account which related to debit card and ATM transactions are actually interest charges and therefore subject to the usury laws of Georgia. Plaintiff has brought claims for violations of civil and criminal usury laws, conversion, and money had and received, and seeks damages on a class-wide basis, including refunds of challenged overdraft fees and pre-judgment interest. On October 6, 2017, the trial court granted plaintiff’s motion for class certification and defined the class as “Every Georgia citizen who had or has one or more accounts with SunTrust Bank and who, from July 12, 2006, to October 6, 2017 (i) had at least one overdraft of $500.00 or less resulting from an ATM or debit card transaction (the “Transaction”); (ii) paid any Overdraft Fees as a result of the Transaction; and (iii) did not receive a refund of those Fees,” and the granting of a certified class was affirmed on appeal. The Company previously filed a motion to amend the class definition in which it sought to narrow the scope of the class and renewed motions to compel arbitration against certain class members, which the court found were premature. On September 22, 2022, the trial court entered a scheduling order holding that the court will consider such motions after discovery, which is ongoing, is completed. Trial is presently set to commence on April 29, 2024. The Company continues to believe that the underlying claims are without merit. United Services Automobile Association v. Truist Bank USAA filed a lawsuit on July 29, 2022 against the Company in the United States District Court for the Eastern District of Texas alleging that the Company’s mobile remote deposit capture systems infringe certain patents held by USAA. The complaint seeks damages, including for alleged willful infringement and a corresponding request that the amount of actual damages be trebled, as well as injunctive and other equitable relief. The Company filed its answer and affirmative defenses on October 11, 2022, denying that it infringes any of the patents at issue in the lawsuit and asserting that USAA’s patents are invalid or unenforceable. On October 11, November 7, and November 15, 2022, the Company filed separate petitions at the Patent Trial and Appeal Board for inter partes review, challenging the validity of each of the three patents asserted by USAA in the lawsuit. If institution of any of the petitions for inter partes review is granted, the Patent Trial and Appeal Board will review the validity of the claims in the applicable patent(s). On December 30, 2022, the Company filed a motion for leave to amend its answer to assert counterclaims against USAA in the district court proceedings for infringing certain patents owned by the Company used by USAA’s mobile remote deposit systems, which motion is pending before the district court. The Company’s proposed counterclaims seek damages as well as injunctive relief. Discovery is ongoing, and trial is presently set to commence on March 18, 2024.

Regulatory Requirements and Oth

Regulatory Requirements and Other Restrictions	12 Months Ended
Regulatory Requirements and Other Restrictions	Dec. 31, 2022
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Regulatory Requirements and Other Restrictions	Regulatory Requirements and Other Restrictions Truist Bank is subject to laws and regulations that limit the amount of dividends it can pay. In addition, both Truist and Truist Bank are subject to various regulatory restrictions relating to the payment of dividends, including requirements to maintain capital at or above regulatory minimums, and to remain “well-capitalized” under the prompt corrective action regulations. Truist is subject to various regulatory capital requirements administered by the Federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a material effect on the financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance-sheet items calculated pursuant to regulatory directives. Truist’s capital amounts and classification also are subject to qualitative judgments by the regulators about components, risk weightings and other factors. Truist is in full compliance with these requirements. Banking regulations also identify five capital categories for IDIs: well-capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized. At December 31, 2022 and 2021, Truist and Truist Bank were classified as “well-capitalized,” and management believes that no events or changes have occurred subsequent to year end that would change this designation. Quantitative measures are established by regulation to ensure capital adequacy require Truist to maintain minimum capital ratios. Risk-based capital ratios, which include CET1, Tier 1 capital and Total capital, are calculated based on regulatory guidance related to the measurement of capital and risk-weighted assets. The following table provides additional detail on regulatory capital ratios: (Dollars in millions) Minimum Capital (1) Well Capitalized December 31, 2022 December 31, 2021 Ratio Amount Ratio Amount Truist Financial Corporation: CET1 4.5 % NA 9.0 % $ 39,098 9.6 % $ 37,524 Tier 1 capital 6.0 6.0 10.5 45,768 11.3 44,194 Total capital 8.0 10.0 12.4 54,072 13.2 51,518 Leverage 4.0 NA 8.5 45,768 8.7 44,194 Supplementary leverage 3.0 NA 7.3 45,768 7.4 44,194 Truist Bank: CET1 4.5 6.5 10.6 45,237 10.5 39,908 Tier 1 capital 6.0 8.0 10.6 45,237 10.5 39,908 Total capital 8.0 10.0 12.1 51,633 12.0 45,562 Leverage 4.0 5.0 8.5 45,237 8.0 39,908 Supplementary leverage 3.0 NA 7.3 45,237 6.9 39,908 (1) Truist is subject to an SCB requirement of 2.5% applicable to Truist as of December 31, 2022. Truist’s SCB requirement, received in the 2022 CCAR process, is effective from October 1, 2022 to September 30, 2023. Truist Bank is subject to a CCB requirement of 2.5%. The SCB and CCB are amounts above the minimum levels designed to ensure that banks remain well-capitalized, even in adverse economic scenarios. As an approved seller/servicer, Truist Bank is required to maintain minimum levels of capital, as specified by various agencies, including the U.S. Department of Housing and Urban Development, GNMA, FHLMC, and FNMA. At December 31, 2022 and 2021, Truist Bank’s capital was above all required levels. On October 1, 2022, Regional Acceptance became an operating subsidiary of Truist Bank following an internal restructuring to strategically align the auto lending activities within Truist Bank, which will result in funding and operational benefits for Truist. Regional Acceptance maintained higher capital levels at the restructuring date due to the nature of its loan portfolio and thus Truist Bank’s capital ratios increased subsequent to this realignment. Truist Bank committed to maintaining additional capital for certain Regional Acceptance loans for a period of time following the restructuring until such loans are paid off. The amount of capital held at Truist Bank on December 31, 2022 to meet this commitment was $2.7 billion. This commitment has no impact on the consolidated capital ratios or capital requirements for Truist.

Fair Value Disclosures

Fair Value Disclosures	12 Months Ended
Fair Value Disclosures	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures Recurring Fair Value Measurements Accounting standards define fair value as the price that would be received on the measurement date to sell an asset or the price paid to transfer a liability in the principal or most advantageous market available to the entity in an orderly transaction between market participants, with a three-level measurement hierarchy: • Level 1: Quoted prices for identical instruments in active markets • Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are observable in active markets • Level 3: Valuations derived from valuation techniques in which one or more significant inputs are unobservable The following tables present fair value information for assets and liabilities measured at fair value on a recurring basis: December 31, 2022 Total Level 1 Level 2 Level 3 Netting Adjustments (1) Assets: Trading assets: U.S. Treasury $ 137 $ — $ 137 $ — $ — GSE 457 — 457 — — Agency MBS - residential 804 — 804 — — Agency MBS - commercial 62 — 62 — — States and political subdivisions 422 — 422 — — Corporate and other debt securities 761 — 761 — — Loans 1,960 — 1,960 — — Other 302 261 41 — — Total trading assets 4,905 261 4,644 — — AFS securities: U.S. Treasury 10,295 — 10,295 — — GSE 303 — 303 — — Agency MBS - residential 55,225 — 55,225 — — Agency MBS - commercial 2,424 — 2,424 — — States and political subdivisions 416 — 416 — — Non-agency MBS 3,117 — 3,117 — — Other 21 — 21 — — Total AFS securities 71,801 — 71,801 — — LHFS at fair value 1,065 — 1,065 — — Loans and leases 18 — — 18 — Loan servicing rights at fair value 3,758 — — 3,758 — Other assets: Derivative assets 684 472 1,980 1 (1,769) Equity securities 898 796 102 — — Total assets $ 83,129 $ 1,529 $ 79,592 $ 3,777 $ (1,769) Liabilities: Derivative liabilities $ 2,971 $ 364 $ 4,348 $ 37 $ (1,778) Securities sold short 1,551 114 1,437 — — Total liabilities $ 4,522 $ 478 $ 5,785 $ 37 $ (1,778) December 31, 2021 Total Level 1 Level 2 Level 3 Netting Adjustments (1) Assets: Trading assets: U.S. Treasury $ 125 $ — $ 125 $ — $ — GSE 306 — 306 — — Agency MBS - residential 1,016 — 1,016 — — Agency MBS - commercial 13 — 13 — — States and political subdivisions 91 — 91 — — Corporate and other debt securities 738 — 738 — — Loans 1,791 — 1,791 — — Other 343 285 58 — — Total trading assets 4,423 285 4,138 — — AFS securities: U.S. Treasury 9,795 — 9,795 — — GSE 1,698 — 1,698 — — Agency MBS - residential 134,042 — 134,042 — — Agency MBS - commercial 2,882 — 2,882 — — States and political subdivisions 420 — 420 — — Non-agency MBS 4,258 — 4,258 — — Other 28 — 28 — — Total AFS securities 153,123 — 153,123 — — LHFS at fair value 3,544 — 3,544 — — Loans and leases 23 — — 23 — Loan servicing rights at fair value 2,633 — — 2,633 — Other assets: Derivative assets 2,370 887 3,110 30 (1,657) Equity securities 1,066 967 99 — — Total assets $ 167,182 $ 2,139 $ 164,014 $ 2,686 $ (1,657) Liabilities: Derivative liabilities $ 586 $ 438 $ 3,056 $ 42 $ (2,950) Securities sold short 1,731 8 1,723 — — Total liabilities $ 2,317 $ 446 $ 4,779 $ 42 $ (2,950) (1) Refer to “Note 19. Derivative Financial Instruments” for additional discussion on netting adjustments. At December 31, 2022 and December 31, 2021, investments totaling $385 million and $440 million, respectively, have been excluded from the table above as they are valued based on net asset value as a practical expedient. These investments primarily consist of certain SBIC funds. The following discussion focuses on the valuation techniques, and significant inputs for Level 2, and Level 3 assets, and liabilities that are measured at fair value on a recurring basis. Available for Sale and Trading Securities: Securities accounted for at fair value include both the available-for-sale and trading portfolios. The Company uses prices obtained from pricing services, dealer quotes, or recent trades to estimate the fair value of securities. The majority of AFS securities were priced by third-party vendors whereas trading securities are priced internally. The AFS securities and trading securities are subject to IPV. Management independently evaluates the fair values of AFS Securities and trading securities through comparisons to external pricing sources, review of additional information provided by the pricing service and other third-party sources for selected securities and back-testing to compare the price realized on any security sales to the pricing information received from the pricing service. Fair value measurements for trading securities are derived from observable market-based information including, but not limited to, overall market conditions, recent trades, comparable securities, broker quotes and FINRA’s Trade Reporting and Compliance Engine data when determining the value of a position. Security prices are also validated through actual cash settlement upon the sale of a security. As described by security type below, additional inputs may be used, or some inputs may not be applicable. Trading loans: The Company has elected to measure trading loans at fair value. Trading loans are valued primarily using quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active by a third-party pricing service. Trading loans include: • loans held in connection with the Company’s trading business primarily consisting of commercial and corporate leveraged loans; • SBA loans guaranteed by the U.S. government; and • loans made or acquired in connection with the Company’s TRS business. U.S. Treasury securities: Treasury securities are valued using quoted prices in active over-the-counter markets. GSE securities and agency MBS: GSE securities consist of debt obligations issued by HUD, the FHLB, and other agencies, as well as securities collateralized by loans that are guaranteed by the SBA, and thus, are backed by the full faith and credit of the U.S. government. Agency MBS includes pass-through securities and CMOs issued by GSEs and U.S. government agencies, such as FNMA, FHLMC, and GNMA. Each security contains a guarantee by the issuing GSE or agency. GSE pass-through securities are valued using market-based pricing matrices that reference observable inputs including benchmark TBA security pricing and yield curves that were estimated based on U.S. Treasury yields and certain floating rate indices. The pricing matrices for these securities may also give consideration to pool-specific data supplied directly by the GSE. GSE CMOs are valued using market-based pricing matrices that are based on observable inputs including offers, bids, reported trades, dealer quotes and market research reports, the characteristics of a specific tranche, market convention prepayment speeds and benchmark yield curves as described above. States and political subdivisions: The Company’s investments in U.S. states and political subdivisions include obligations of county and municipal authorities and agency bonds, which are general obligations of the municipality or are supported by a specified revenue source. Holdings are geographically dispersed, with no significant concentrations in any one state or municipality. Additionally, all municipal obligations are highly rated or are otherwise collateralized by securities backed by the full faith and credit of the federal government. These securities are valued using market-based pricing matrices that reference observable inputs including MSRB reported trades, issuer spreads, material event notices and benchmark yield curves. Non-agency MBS: Non-agency MBS included purchased interests in third-party securitizations that have a high investment grade rating, and the pricing matrices for these securities were based on observable inputs including offers, bids, reported trades, dealer quotes and market research reports, the characteristics of a specific tranche, market convention prepayment speeds and benchmark yield curves as described above; as such, these securities were classified as level 2. Corporate and other debt securities: These securities consist primarily of corporate bonds and commercial paper. Corporate bonds are senior and subordinated debt obligations of domestic corporations. The Company acquires commercial paper that is generally short-term in nature and highly rated. These securities are valued based on a review of quoted market prices for similar assets as well as through the various other inputs discussed previously. LHFS: Certain mortgage loans that are originated to be sold to investors are carried at fair value. The fair value is primarily based on quoted market prices for securities backed by similar types of loans, adjusted for servicing, interest rate risk, and credit risk. The changes in fair value of these assets are largely driven by changes in interest rates subsequent to loan funding and changes in the fair value of servicing associated with the mortgage LHFS. Loans and leases: Fair values for loans are based on a discounted cash flow methodology that considered credit loss expectations, market interest rates, and other market factors such as liquidity from the perspective of a market participant. The probability of default, loss given default, and prepayment assumptions are the key factors driving credit losses which are embedded into the estimated cash flows. These assumptions are informed by inter nal data on loan characteristics, historical loss experience, and current and forecasted economic conditions. The interest and liquidity component of the estimate was determined by discounting interest and principal cash flows through the expected life of each loan. The discount rates used for loans are based on current market rates for new originations of comparable loans and include adjustments for liquidity. Loan servicing rights: Residential MSRs are valued using an OAS valuation model to project cash flows over multiple interest rate scenarios and then are discounted at risk-adjusted rates. The model considers portfolio characteristics, contractually specified servicing fees, prepayment assumptions, delinquency rates, late charges, other ancillary revenue, costs to service and other economic factors. Fair value estimates and assumptions are compared to industry surveys, recent market activity, actual portfolio experience and other observable market data. Commercial MSRs and other loan servicing rights are valued using a cash flow valuation model that calculates the present value of estimated future net servicing cash flows. The Company considers actual and expected loan prepayment rates, discount rates, servicing costs, and other economic factors that are determined based on current market conditions. Refer to “Note 8. Loan Servicing” for additional information on valuation techniques and inputs for loan servicing rights. Derivative assets and liabilities: The Company holds derivative instruments for both trading and risk management purposes. These include exchange-traded futures or option contracts, OTC swaps, options, forwards, and interest rate lock commitments. The fair values of derivatives are determined based on quoted market prices and internal pricing models that use market observable assumptions for interest rates, foreign exchange, equity, and credit. The fair values of interest rate lock commitments, which are related to mortgage loan commitments and are categorized as Level 3, are based on quoted market prices adjusted for commitments that are not expected to fund and include the value attributable to the net servicing fees. Funding rates are based on the Company’s historical data. The fair value attributable to servicing is based on discounted cash flows, and is impacted by prepayment assumptions, discount rates, delinquency rates, contractually specified servicing fees, servicing costs, and underlying portfolio characteristics. Equity securities: Equity securities primarily consist of exchange-traded securities and are valued using quoted prices in active markets. Private equity investments: In many cases there are no observable market values for these investments and therefore management must estimate the fair value based on a comparison of the operating performance of the investee to multiples in the marketplace for similar entities. This analysis requires significant judgment, and actual values in a sale could differ materially from those estimated. Securities sold short: Securities sold short represent debt securities sold short that are entered into as a hedging strategy for the purposes of supporting institutional and retail client trading activities. The fair value of securities sold short is determined in the same manner as trading securities. During 2020, Truist sold non-agency MBS previously categorized as Level 3 that represented ownership interests in various tranches of Re-REMIC trusts. Additionally during 2020, as a result of a change in control of the funds’ manager, the Company deconsolidated certain SBIC funds for which it had previously concluded that it was the primary beneficiary. Activity for Level 3 assets and liabilities is summarized below: Non-agency MBS Loans and Leases Loan Servicing Rights Net Derivatives Private Equity Investments Balance at January 1, 2020 $ 368 $ — $ 2,618 $ 19 $ 440 Total realized and unrealized gains (losses): Included in earnings 306 — (550) 467 2 Included in unrealized net holding gains (losses) in OCI (178) — — — — Purchases — — — — 27 Issuances — — 711 780 — Sales (481) — — — — Settlements (15) — (756) (1,094) (21) Transfers out of level 3 and other — — — — (448) Balance at December 31, 2020 — — 2,023 172 — Total realized and unrealized gains (losses): Included in earnings — (1) 233 (96) — Purchases — — 355 — — Issuances — — 715 305 — Sales — — (1) — — Settlements — — (741) (393) — Acquisitions 24 49 Balance at December 31, 2021 — 23 2,633 (12) — Total realized and unrealized gains (losses): Included in earnings — — 801 (323) — Purchases — — 321 — — Issuances — — 482 2 — Sales — — (9) — — Settlements — (5) (470) 297 — Balance at December 31, 2022 $ — $ 18 $ 3,758 $ (36) $ — Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held at December 31, 2022 $ — $ — $ 801 $ (21) $ — Primary income statement location of realized gains (losses) included in earnings Securities gains (losses) Other income Mortgage banking income Mortgage banking income Other income Fair Value Option The following table details the fair value and UPB of certain loans that were elected to be measured at fair value: December 31, 2022 December 31, 2021 (Dollars in millions) Fair Value UPB Difference Fair Value UPB Difference Trading loans $ 1,960 $ 2,101 $ (141) $ 1,791 $ 1,784 $ 7 Loans and leases 18 20 (2) 23 35 (12) LHFS at fair value 1,065 1,056 9 3,544 3,450 94 Nonrecurring Fair Value Measurements The following table provides information about certain assets measured at fair value on a nonrecurring basis still held as of period end. The carrying values represent end of period values, which approximate the fair value measurements that occurred on the various measurement dates throughout the period. These assets are considered to be Level 3 assets. (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Carrying value: LHFS $ 271 $ 101 Loans and leases 500 443 Other 120 100 The following table provides information about valuation adjustments for certain assets measured at fair value on a nonrecurring basis. The valuation adjustments represent the amounts recorded during the period regardless of whether the asset is still held at period end. Year Ended December 31, (Dollars in millions) 2022 2021 2020 Valuation adjustments: LHFS $ (9) $ (27) $ (101) Loans and leases (420) (455) (731) Other (159) (178) (175) LHFS with valuation adjustments in the table above consisted primarily of residential mortgages and commercial loans that were valued using market prices and measured at LOCOM. The table above excludes $108 million and $1.2 billion of LHFS carried at cost at December 31, 2022 and December 31, 2021, respectively, that did not require a valuation adjustment during the period. The remainder of LHFS is carried at fair value. Loans and leases consist of larger commercial loans and leases that are collateral-dependent and other secured loans and leases that have been charged-off to the fair value of the collateral. Valuation adjustments for loans and leases are primarily recorded in the Provision for credit losses in the Consolidated statement of income. Refer to “Note 1. Basis of Presentation” for additional discussion of individually evaluated loans and leases. Other includes foreclosed real estate, other foreclosed property, ROU assets, premises and equipment, and OREO, and consists primarily of residential homes, commercial properties, vacant lots, and automobiles. ROU assets are measured based on the fair value of the assets, which considers the potential for sublease income. The remaining assets are measured at LOCOM, less costs to sell. Financial Instruments Not Recorded at Fair Value For financial instruments not recorded at fair value, estimates of fair value are based on relevant market data and information about the instruments. Values obtained relate to trading without regard to any premium or discount that may result from concentrations of ownership, possible tax ramifications, estimated transaction costs that may result from bulk sales or the relationship between various instruments. An active market does not exist for certain financial instruments. Fair value estimates for these instruments are based on current economic conditions and interest rate risk characteristics, loss experience and other factors. Many of these estimates involve uncertainties and matters of significant judgment and cannot be determined with precision. Therefore, the fair value estimates in many instances cannot be substantiated by comparison to independent markets. In addition, changes in assumptions could significantly affect these fair value estimates. Financial assets and liabilities not recorded at fair value are summarized below: December 31, 2022 December 31, 2021 (Dollars in millions) Fair Value Hierarchy Carrying Amount Fair Value Carrying Amount Fair Value Financial assets: HTM securities Level 2 $ 57,713 $ 47,791 $ 1,494 $ 1,495 Loans and leases HFI, net of ALLL Level 3 321,596 308,738 285,055 284,914 Financial liabilities: Time deposits Level 2 23,474 23,383 15,886 16,017 Long-term debt Level 2 43,203 40,951 35,913 36,251 The carrying value of the RUFC, which approximates the fair value of unfunded commitments, was $272 million and $260 million at December 31, 2022 and December 31, 2021, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
Derivative Financial Instruments	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Impact of Derivatives on the Consolidated Balance Sheets The following table presents the gross notional amounts and estimated fair value of derivative instruments employed by the Company: December 31, 2022 December 31, 2021 Notional Amount Fair Value Notional Amount Fair Value (Dollars in millions) Assets Liabilities Assets Liabilities Cash flow hedges: Interest rate contracts: Swaps hedging commercial loans $ 16,650 $ — $ — $ — $ — $ — Fair value hedges: Interest rate contracts: Swaps hedging long-term debt 16,393 — (68) 12,690 — (6) Swaps hedging AFS securities 7,097 — — 12,711 — (2) Total 23,490 — (68) 25,401 — (8) Not designated as hedges: Client-related and other risk management: Interest rate contracts: Swaps 155,670 579 (2,665) 150,223 1,716 (733) Options 29,840 172 (192) 23,659 43 (30) Forward commitments 1,495 8 (2) 2,404 2 (5) Other 3,823 1 — 2,927 — — Equity contracts 33,185 644 (901) 34,232 1,582 (2,089) Credit contracts: Trading assets 140 — — — — — Loans and leases 394 — — 570 — (2) Risk participation agreements 6,824 — (3) 8,145 — (4) Total return swaps 1,729 81 (2) 1,445 3 (19) Foreign exchange contracts 19,022 364 (380) 16,102 160 (156) Commodity 4,881 444 (447) 4,641 475 (468) Total 257,003 2,293 (4,592) 244,348 3,981 (3,506) Mortgage banking: Interest rate contracts: Swaps 115 — — 441 — — Interest rate lock commitments 999 1 (17) 4,163 30 (7) When issued securities, forward rate agreements and forward commitments 2,128 25 (6) 6,913 7 (15) Other 140 1 — 424 1 — Total 3,382 27 (23) 11,941 38 (22) MSRs: Interest rate contracts: Swaps 14,566 — — 12,837 — — Options 13,930 122 (48) 101 1 — When issued securities, forward rate agreements and forward commitments 2,459 11 (15) 3,927 7 — Other 1,532 — (3) 2,017 — — Total 32,487 133 (66) 18,882 8 — Total derivatives not designated as hedges 292,872 2,453 (4,681) 275,171 4,027 (3,528) Total derivatives $ 333,012 2,453 (4,749) $ 300,572 4,027 (3,536) Gross amounts in the Consolidated Balance Sheets: Amounts subject to master netting arrangements (1,223) 1,223 (1,312) 1,312 Cash collateral (received) posted for amounts subject to master netting arrangements (546) 555 (345) 1,638 Net amount $ 684 $ (2,971) $ 2,370 $ (586) The following table presents the offsetting of derivative instruments including financial instrument collateral related to legally enforceable master netting agreements and amounts held or pledged as collateral. U.S. GAAP does not permit netting of non-cash collateral balances in the Consolidated Balance Sheets: December 31, 2022 Gross Amount Amount Offset Net Amount in Consolidated Balance Sheets Held/Pledged Financial Instruments Net Amount Derivative assets: Derivatives subject to master netting arrangement or similar arrangement $ 1,895 $ (1,408) $ 487 $ — $ 487 Derivatives not subject to master netting arrangement or similar arrangement 86 — 86 — 86 Exchange traded derivatives 472 (361) 111 — 111 Total derivative assets $ 2,453 $ (1,769) $ 684 $ — $ 684 Derivative liabilities: Derivatives subject to master netting arrangement or similar arrangement $ (3,688) $ 1,417 $ (2,271) $ 43 $ (2,228) Derivatives not subject to master netting arrangement or similar arrangement (697) — (697) — (697) Exchange traded derivatives (364) 361 (3) — (3) Total derivative liabilities $ (4,749) $ 1,778 $ (2,971) $ 43 $ (2,928) December 31, 2021 Gross Amount Amount Offset Net Amount in Consolidated Balance Sheets Held/Pledged Financial Instruments Net Amount Derivative assets: Derivatives subject to master netting arrangement or similar arrangement $ 2,752 $ (1,221) $ 1,531 $ (1) $ 1,530 Derivatives not subject to master netting arrangement or similar arrangement 388 — 388 — 388 Exchange traded derivatives 887 (436) 451 — 451 Total derivative assets $ 4,027 $ (1,657) $ 2,370 $ (1) $ 2,369 Derivative liabilities: Derivatives subject to master netting arrangement or similar arrangement $ (2,873) $ 2,514 $ (359) $ 66 $ (293) Derivatives not subject to master netting arrangement or similar arrangement (225) — (225) — (225) Exchange traded derivatives (438) 436 (2) — (2) Total derivative liabilities $ (3,536) $ 2,950 $ (586) $ 66 $ (520) The following table presents the carrying value of hedged items in fair value hedging relationships: December 31, 2022 December 31, 2021 Hedge Basis Adjustment Hedge Basis Adjustment (Dollars in millions) Hedged Asset / Liability Basis Items Currently Designated Discontinued Hedges Hedged Asset / Liability Basis Items Currently Designated Discontinued Hedges AFS securities (1) $ 38,773 $ (630) $ (4) $ 108,758 $ (400) $ (150) Loans and leases 353 — 10 382 — 12 Long-term debt 25,378 (780) 218 27,361 (137) 629 (1) The amortized cost of AFS securities was $46.2 billion at December 31, 2022 and $110.6 billion at December 31, 2021. Impact of Derivatives on the Consolidated Statements of Income and Comprehensive Income Derivatives Designated as Hedging Instruments under GAAP No portion of the change in fair value of derivatives designated as hedges has been excluded from effectiveness testing. The following table summarizes amounts related to cash flow hedges, which consist of interest rate contracts: Year Ended December 31, (Dollars in millions) 2022 2021 2020 Pre-tax gain (loss) recognized in OCI: Commercial loans $ (102) $ — $ — Total $ (102) $ — $ — Pre-tax gain (loss) reclassified from AOCI into interest expense: Deposits $ — $ (2) $ (8) Short-term borrowings — (12) (19) Long-term debt (12) (22) (21) Total $ (12) $ (36) $ (48) Pre-tax gain (loss) reclassified from AOCI into other expense: (1) Deposits $ — $ (12) $ — Short-term borrowings — (20) — Long-term debt — (4) — Total $ — $ (36) $ — (1) Represents the accelerated amortization of amounts reclassified from AOCI, where management determined that the forecasted transaction is probable of not occurring. The following table summarizes the impact on net interest income related to fair value hedges: Year Ended December 31, (Dollars in millions) 2022 2021 2020 Investment securities: Amounts related to interest settlements $ 102 $ (48) $ (3) Recognized on derivatives 598 571 29 Recognized on hedged items (541) (568) (41) Net income (expense) recognized (1) 159 (45) $ (15) Loans and leases: Amounts related to interest settlements — — (1) Recognized on derivatives — — (3) Recognized on hedged items (3) (5) 1 Net income (expense) recognized (3) (5) (3) Long-term debt: Amounts related to interest settlements (64) 18 182 Recognized on derivatives (840) (136) 831 Recognized on hedged items 1,014 435 (732) Net income (expense) recognized 110 317 281 Net income (expense) recognized, total $ 266 $ 267 $ 263 (1) Includes $53 million of income recognized from securities with terminated hedges that were reclassified to HTM. The income recognized was offset by the amortization of the fair value mark. See additional details over amounts recognized in “Note 13. AOCI.” The following table presents information about the Company’s cash flow and fair value hedges: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Cash flow hedges: Net unrecognized after-tax gain (loss) on active and terminated hedges recorded in AOCI $ (118) $ — Net unrecognized after-tax gain (loss) on terminated hedges recorded in AOCI (to be recognized in earnings through 2029) 40 (9) Estimated portion of net after-tax gain (loss) on terminated hedges to be reclassified from AOCI into earnings during the next 12 months (31) (9) Maximum time period over which Truist is hedging a portion of the variability in future cash flows for forecasted transactions excluding those transactions relating to the payment of variable interest on existing instruments 6 years N/A Fair value hedges: Unrecognized pre-tax net gain (loss) on terminated hedges (to be recognized as interest primarily through 2033) (1) $ 669 $ 767 Portion of pre-tax net gain (loss) on terminated hedges to be recognized as a change in interest during the next 12 months 163 231 (1) Includes deferred gains that are recorded in AOCI as a result of the reclassification to HTM of previously hedged securities of $457 million at December 31, 2022. Derivatives Not Designated as Hedging Instruments under GAAP The Company also enters into derivatives that are not designated as accounting hedges under GAAP to economically hedge certain risks as well as in a trading capacity with its clients. The following table presents pre-tax gain (loss) recognized in income for derivative instruments not designated as hedges: Year Ended December 31, (Dollars in millions) Income Statement Location 2022 2021 2020 Client-related and other risk management: Interest rate contracts Investment banking and trading income and other income $ 197 $ 193 $ 44 Foreign exchange contracts Investment banking and trading income and other income 236 133 (45) Equity contracts Investment banking and trading income and other income 5 (21) (4) Credit contracts Investment banking and trading income and other income 53 (83) 178 Commodity contracts Investment banking and trading income 11 7 6 Mortgage banking: Interest rate contracts - residential Mortgage banking income 596 (21) (418) Interest rate contracts - commercial Mortgage banking income (1) (2) 3 MSRs: Interest rate contracts - residential Mortgage banking income (792) (105) 495 Interest rate contracts - commercial Mortgage banking income (22) (8) 20 Total $ 283 $ 93 $ 279 Credit Derivative Instruments As part of the Company’s corporate and investment banking business, the Company enters into contracts that are, in form or substance, written guarantees; specifically, risk participations, TRS, and credit default swaps. The Company accounts for these contracts as derivatives. Truist has entered into risk participation agreements to share the credit exposure with other financial institutions on client-related interest rate derivative contracts. Under these agreements, the Company has guaranteed payment to a dealer counterparty in the event the counterparty experiences a loss on the derivative due to a failure to pay by the counterparty’s client. The Company manages its payment risk on its risk participations by monitoring the creditworthiness of the underlying client through the normal credit review process that the Company would have performed had it entered into a derivative directly with the obligors. At December 31, 2022, the remaining terms on these risk participations ranged from less than one year to 15 years. The potential future exposure represents the Company’s maximum estimated exposure to written risk participations, as measured by projecting a maximum value of the guaranteed derivative instruments based on scenario simulations and assuming 100% default by all obligors on the maximum value. The Company has also entered into TRS contracts on loans and bonds. To mitigate its credit risk, the Company typically receives initial margin from the counterparty upon entering into the TRS and variation margin if the fair value of the underlying reference assets deteriorates. For additional information on the Company’s TRS contracts, see “Note 16. Commitments and Contingencies.” The Company enters into credit default swaps to hedge credit risk associated with certain loans and leases. The Company accounts for these contracts as derivatives, and accordingly, recognizes these contracts at fair value. The following table presents additional information related to interest rate derivative risk participation agreements and total return swaps: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Risk participation agreements: Maximum potential amount of exposure $ 575 $ 521 Total return swaps: Cash collateral held 453 290 The following table summarizes collateral positions with counterparties: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Dealer and other counterparties: Cash and other collateral received from counterparties $ 542 $ 346 Derivatives in a net gain position secured by collateral received 618 506 Unsecured positions in a net gain with counterparties after collateral postings 76 143 Cash collateral posted to counterparties 590 1,704 Derivatives in a net loss position secured by collateral 692 2,591 Additional collateral that would have been posted had the Company’s credit ratings dropped below investment grade — 3 Central counterparties clearing: Cash collateral, including initial margin, received from central clearing parties 4 — Cash collateral, including initial margin, posted to central clearing parties 45 31 Derivatives in a net loss position 13 18 Derivatives in a net gain position 12 — Securities pledged to central counterparties clearing 639 904

Computation of EPS

Computation of EPS	12 Months Ended
Computation of EPS	Dec. 31, 2022
Earnings Per Share [Abstract]
Computation of EPS	Computation of EPS Basic and diluted EPS calculations are presented in the following table: Year Ended December 31, (Dollars in millions, except per share data, shares in thousands) 2022 2021 2020 Net income available to common shareholders $ 5,927 $ 6,033 $ 4,184 Weighted average number of common shares 1,328,120 1,337,144 1,347,080 Effect of dilutive outstanding equity-based awards 10,342 12,234 11,209 Weighted average number of diluted common shares 1,338,462 1,349,378 1,358,289 Basic EPS $ 4.46 $ 4.51 $ 3.11 Diluted EPS $ 4.43 $ 4.47 $ 3.08 Anti-dilutive awards 93 3 16

Operating Segments

Operating Segments	12 Months Ended
Operating Segments	Dec. 31, 2022
Segment Reporting [Abstract]
Operating Segments	Operating SegmentsTruist operates and measures business activity across three segments: CB&W, C&CB, and IH, with functional activities included in OT&C. The Company’s business segment structure is based on the manner in which financial information is evaluated by management as well as the products and services provided or the type of client served. Consumer Banking and Wealth The CB&W segment is made up of three primary businesses: • Retail & Small Business Banking provides banking, borrowing, investing, insurance solutions, and advice through Retail Banking, Premier Banking, and Small Business Banking to individuals and small business clients through an extensive network of branches and ATMs, digital channels, and contact centers. Financial products and services offered include deposits and payments, credit cards, loans, mortgages, brokerage and investment advisory services and insurance solutions. Retail and Small Business Banking also serves as an entry point for clients and services for other businesses. It also includes Mortgage Banking, which offers residential mortgage products nationally through its retail and correspondent channels, digital and by telephone. These products are either sold in the secondary market, typically with servicing rights retained, or held in the Company’s loan portfolio. Mortgage Banking services loans held in the Company’s loan portfolio as well as those held by third-party investors. Mortgage also includes Mortgage Warehouse Lending, which provides short-term lending solutions to finance first-lien residential mortgage LHFS by independent mortgage companies. • Consumer Finance Solutions provides a comprehensive set of technology-enabled consumer lending solutions. Lending solutions include direct to consumer offerings through LightStream and point-of-sale offerings through Sheffield, Service Finance, and Dealer Retail Services. • Wealth provides a full array of wealth management and banking products and professional services to individuals and institutional clients, including trust, brokerage, professional investment advisory, business transition advice, loans and deposits services to clients seeking active management of their financial resources. Institutional clients are served by the Institutional Investment Management Group. Full service and online/discount brokerage products are offered to individual clients; additionally, investment advisory products and services are offered to clients through an SEC registered investment advisor. Wealth also provides family office services, Truist Center for Family Legacy, to clients and their families to help them manage and sustain wealth across multiple generations, including family meeting facilitation, consolidated reporting, expense management, and specialty asset management, as well as other wealth management disciplines. Corporate and Commercial Banking The C&CB segment is made up of four primary businesses: • Corporate and Investment Banking delivers a comprehensive range of strategic advisory, capital raising, risk management, financing, liquidity and investment solutions, with the goal of serving the needs of both public and private companies in the C&CB segment. Investment Banking and Corporate Banking teams within CIB serve clients across the nation, offering a full suite of traditional banking and investment banking products and services. Investment Banking serves select industry segments including consumer and healthcare, energy, technology, financial services, industrials, and media and communications. Corporate Banking serves clients across diversified industry sectors based on size, complexity, and frequency of capital markets issuance. • Commercial Community Banking offers an array of traditional banking products, including lending, deposits, cash management and investment banking solutions via CIB to commercial clients, including not-for-profit organizations, governmental entities, healthcare and aging services and auto dealer financing (floor plan inventory financing). Local teams deliver these solutions along with the Company’s industry expertise to commercial clients to help them achieve their goals. • Commercial Real Estate provides a range of credit and deposit services as well as fee-based product offerings to developers, operators, and investors in commercial real estate properties through its National Banking Division. Additionally, Commercial Real Estate offers tailored financing and equity investment solutions for community development and affordable housing projects, with particular expertise in Low Income Housing Tax Credits and New Market Tax Credits. Real Estate Corporate and Investment Banking delivers banking, capital markets, and strategic advisory solutions to REIT, fund, and public home-builder clients. It also includes Grandbridge Real Estate Capital, LLC, a fully integrated commercial mortgage investment banking company that originates commercial and multi-family real estate loans, services loan portfolios, and provides asset and portfolio management as well as real estate brokerage services. • Wholesale Payments provides treasury, merchant services, and commercial card solutions to Truist’s business clients, ranging from small businesses to large corporate institutions. Insurance Holdings Truist’s IH segment is one of the largest insurance agency / brokerage networks, providing property and casualty, employee benefits and life insurance to businesses and individuals. It also provides small business and corporate services, such as workers compensation and professional liability, as well as surety coverage and title insurance. IH also includes Prime Rate Premium Finance Corporation, which includes AFCO Credit Corporation and CAFO Holding Company, insurance premium finance subsidiaries that provide funding to businesses in the United States and Canada. Other, Treasury & Corporate OT&C includes management of the Company’s investment securities portfolio, long-term debt, derivative instruments used for balance sheet hedging, short-term liquidity and funding activities, balance sheet risk management and most real estate assets, as well as the Company’s functional activities such as finance, enterprise risk, legal, enterprise technology and executive leadership, among others. Additionally, OT&C houses intercompany eliminations, including intersegment net referral fees and residual interest rate risk after segment allocations have taken place. Truist emphasizes revenue growth through the Company’s Integrated Relationship Management approach, which is designed to deepen client relationships and bring the full breadth and depth of Truist’s products and services to meet clients’ financial needs. The objective is to provide Truist’s entire suite of products to its clients with the end goal of providing clients the best financial experience in the marketplace. To promote revenue growth, revenues of certain products and services are reflected in the results of the segment providing those products and services and are also allocated to CB&W and C&CB. These allocated revenues between segments are reflected as net referral fees in noninterest income and eliminated in OT&C. The segment results are presented based on internal management methodologies that were designed to support these strategic objectives. Unlike financial accounting, there is no comprehensive authoritative body of guidance for management accounting equivalent to GAAP. The performance of the segments is not comparable with Truist’s consolidated results or with similar information presented by any other financial institution. Additionally, because of the interrelationships between the various segments, the information presented is not indicative of how the segments would perform if they operated as independent entities. Because business segment results are presented based on management accounting practices, the transition to the consolidated results prepared under U.S. GAAP creates certain differences, which are reflected as residuals in OT&C. Business segment reporting conventions include, but are not limited to, the items as detailed below. Segment net interest income reflects matched maturity funds transfer pricing, which ascribes credits or charges based on the economic value or cost created by assets and liabilities of each segment. Residual differences between these credits and charges are captured in OT&C. Noninterest income includes inter-segment referral fees, as well as federal and state tax credits that are grossed up on a pre-tax equivalent basis, related primarily to certain community development investments. Recoveries for these allocations are reported in OT&C. Corporate expense allocations, including overhead or functional expenses that are not directly charged to the segments, are allocated to segments based on various drivers (number of FTEs, number of accounts, loan balances, net revenue, etc.). Recoveries for these allocations are reported in OT&C. Provision for credit losses represents net charge-offs by segment combined with an allocation to the segments for the provision attributable to each segment’s quarterly change in the ALLL. Provision for income taxes is calculated using a blended income tax rate for each segment and includes reversals of the noninterest income tax adjustments described above. The difference between the calculated provision for income taxes at the segment level and the consolidated provision for income taxes is reported in OT&C. The application and development of management reporting methodologies is an active process and undergoes periodic enhancements. The implementation of these enhancements to the internal management reporting methodology may materially affect the results disclosed for each segment, with no impact on consolidated results. When significant changes to management reporting methodologies take place, the impact of these changes is quantified and prior period information is revised. Prior period results have been revised to reflect management reporting methodology changes resulting from the integration of heritage BB&T and heritage SunTrust measurement processes and systems. Changes primarily relate to funds transfer pricing and internal equity allocations. The following table presents results by segment: Year Ended December 31, CB&W C&CB IH OT&C (1) Total 2022 2021 2020 2022 2021 2020 2022 2021 2020 2022 2021 2020 2022 2021 2020 Net interest income (expense) $ 6,509 $ 6,732 $ 7,375 $ 5,980 $ 4,625 $ 5,393 $ 176 $ 100 $ 126 $ 1,651 $ 1,549 $ 932 $ 14,316 $ 13,006 $ 13,826 Net intersegment interest income (expense) 3,571 2,373 1,512 93 708 170 (45) 1 (17) (3,619) (3,082) (1,665) — — — Segment net interest income 10,080 9,105 8,887 6,073 5,333 5,563 131 101 109 (1,968) (1,533) (733) 14,316 13,006 13,826 Allocated provision for credit losses 867 150 1,003 (95) (881) 1,304 7 — 9 (2) (82) 19 777 (813) 2,335 Segment net interest income after provision 9,213 8,955 7,884 6,168 6,214 4,259 124 101 100 (1,966) (1,451) (752) 13,539 13,819 11,491 Noninterest income 3,423 3,697 3,900 2,661 3,174 2,629 3,105 2,664 2,241 (470) (245) 109 8,719 9,290 8,879 Amortization of intangibles 321 317 419 129 150 175 132 105 72 1 2 19 583 574 685 Other noninterest expense 7,348 7,446 7,401 3,104 3,114 3,333 2,372 1,974 1,712 1,182 2,008 1,766 14,006 14,542 14,212 Income (loss) before income taxes 4,967 4,889 3,964 5,596 6,124 3,380 725 686 557 (3,619) (3,706) (2,428) 7,669 7,993 5,473 Provision (benefit) for income taxes 1,182 1,119 945 1,201 1,294 690 179 156 139 (1,160) (1,013) (793) 1,402 1,556 981 Segment net income (loss) $ 3,785 $ 3,770 $ 3,019 $ 4,395 $ 4,830 $ 2,690 $ 546 $ 530 $ 418 $ (2,459) $ (2,693) $ (1,635) $ 6,267 $ 6,437 $ 4,492 Identifiable assets (period end) $ 169,614 $ 160,497 $ 163,600 $ 205,022 $ 182,734 $ 187,393 $ 15,008 $ 9,865 $ 7,932 $ 165,611 $ 188,145 $ 150,303 $ 555,255 $ 541,241 $ 509,228 (1) Includes financial data from business units below the quantitative and qualitative thresholds requiring disclosure.

Parent Company Financial Inform

Parent Company Financial Information	12 Months Ended
Parent Company Financial Information	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Parent Company Financial Information	Parent Company Financial Information Parent Company - Condensed Balance Sheets (Dollars in millions) December 31, 2022 2021 Assets: Cash and due from banks $ 29 $ 598 Interest-bearing deposits with banks 10,861 9,680 AFS securities at fair value 214 257 Advances to / receivables from subsidiaries: Banking 2,305 2,006 Nonbank 404 3,377 Total advances to / receivables from subsidiaries 2,709 5,383 Investment in subsidiaries: Banking 59,921 64,985 Nonbank 4,553 5,441 Total investment in subsidiaries 64,474 70,426 Other assets 452 419 Total assets $ 78,739 $ 86,763 Liabilities and Shareholders’ Equity: Short-term borrowings $ 370 $ 809 Long-term debt 17,625 16,504 Other liabilities 230 179 Total liabilities 18,225 17,492 Total shareholders’ equity 60,514 69,271 Total liabilities and shareholders’ equity $ 78,739 $ 86,763 Parent Company - Condensed Income and Comprehensive Income Statements (Dollars in millions) Year Ended December 31, 2022 2021 2020 Income: Dividends from subsidiaries: Banking $ 4,800 $ 4,150 $ 2,800 Nonbank 170 100 5 Total dividends from subsidiaries 4,970 4,250 2,805 Interest and other income from subsidiaries 100 143 170 Other income 27 (26) 12 Total income 5,097 4,367 2,987 Expenses: Interest expense 369 258 333 Other expenses 131 125 174 Total expenses 500 383 507 Income before income taxes and equity in undistributed earnings of subsidiaries 4,597 3,984 2,480 Income tax benefit 50 26 56 Income before equity in undistributed earnings of subsidiaries 4,647 4,010 2,536 Equity in undistributed earnings of subsidiaries in excess of dividends from subsidiaries 1,620 2,427 1,956 Net income 6,267 6,437 4,492 Total OCI (11,997) (2,320) 1,560 Total comprehensive income $ (5,730) $ 4,117 $ 6,052 Parent Company - Statements of Cash Flows (Dollars in millions) Year Ended December 31, 2022 2021 2020 Cash Flows From Operating Activities: Net income $ 6,267 $ 6,437 $ 4,492 Adjustments to reconcile net income to net cash from operating activities: Equity in earnings of subsidiaries in excess of dividends from subsidiaries (1,620) (2,427) (1,956) Other, net (449) (438) (704) Net cash from operating activities 4,198 3,572 1,832 Cash Flows From Investing Activities: Proceeds from maturities, calls, and paydowns of AFS securities 31 37 79 Purchases of AFS securities (9) (216) (22) Investment in subsidiaries (4,142) (120) (79) Advances to subsidiaries (4,110) (3,088) (6,711) Proceeds from repayment of advances to subsidiaries 6,813 3,922 5,499 Other, net 14 — 14 Net cash from investing activities (1,403) 535 (1,220) Cash Flows From Financing Activities: Net change in short-term borrowings (439) 188 18 Net issuance (repayment) of long-term debt 1,700 (2,149) 397 Repurchase of common stock (250) (1,616) — Net proceeds from preferred stock issued — — 3,449 Redemption of preferred stock — (1,415) (500) Cash dividends paid on common and preferred stock (2,989) (2,852) (2,725) Other, net (205) (107) 479 Net cash from financing activities (2,183) (7,951) 1,118 Net Change in Cash and Cash Equivalents 612 (3,844) 1,730 Cash and Cash Equivalents, January 1 10,278 14,122 12,392 Cash and Cash Equivalents, December 31 $ 10,890 $ 10,278 $ 14,122 The transfer of funds in the form of dividends, loans, or advances from bank subsidiaries to the Parent Company is restricted. Federal law requires loans to the Parent Company or its affiliates to be secured and at market terms and generally limits loans to the Parent Company or an individual affiliate to 10% of Truist Bank’s unimpaired capital and surplus. In the aggregate, loans to the Parent Company and all affiliates cannot exceed 20% of the bank’s unimpaired capital and surplus. Dividend payments to the Parent Company by Truist Bank are subject to regulatory review and statutory limitations and, in some instances, regulatory approval. In general, dividends from Truist Bank to the Parent Company are limited by rules which compare dividends to net income for regulatory-defined periods. Furthermore, dividends are restricted by regulatory minimum capital constraints.

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn February 16, 2023, the Company entered into an agreement to sell a 20% stake of the common equity in Truist Insurance Holdings to an investor group led by Stone Point Capital, LLC. In connection with the transaction, the noncontrolling interest holder will receive additional profit interests in Truist Insurance Holdings and certain consent and exit rights. The transaction allows Truist to maintain strategic flexibility and future upside in Truist Insurance Holdings, which will continue to benefit from Truist’s operations, access to capital, and client relationships. The transaction is expected to close in the second quarter of 2023, subject to customary closing conditions and regulatory approvals. As part of the transaction, Truist will reorganize its premium finance business into the C&CB segment.

Basis of Presentation (Policy)

Basis of Presentation (Policy)	12 Months Ended
Basis of Presentation (Policy)	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Truist Financial Corporation and those subsidiaries that are wholly or majority owned by Truist or over which Truist has a controlling financial interest. Intercompany accounts and transactions are eliminated in consolidation. The results of operations of companies and net assets acquired are included from the date of acquisition. Results of operations associated with entities or net assets sold are included through the date of disposition. Truist holds investments in certain legal entities that are considered VIEs. VIEs are legal entities in which equity investors do not have sufficient equity at risk for the entity to independently finance its activities, or as a group, the holders of the equity investment at risk lack the power through voting or similar rights to direct the activities of the entity that most significantly impact its economic performance, or do not have the obligation to absorb the expected losses of the entity or the right to receive expected residual returns of the entity. Consolidation of a VIE is required if a reporting entity is the primary beneficiary of the VIE. Investments in VIEs are evaluated to determine if Truist is the primary beneficiary. This evaluation gives appropriate consideration to the design of the entity and the variability that the entity was designed to create and pass along, the relative power of each party, and to Truist’s obligation to absorb losses or receive residual returns of the entity. For changes in facts and circumstances, Truist re-assesses whether or not it is a primary beneficiary of a VIE. Truist has variable interests in certain entities that are not required to be consolidated, including affordable housing and other partnership interests. Refer to “Note 16. Commitments and Contingencies” for additional disclosures regarding Truist’s VIEs. Investments in entities for which the Company has the ability to exercise significant influence, but not control, over operating and financing decisions are accounted for using the equity method of accounting. These investments are included in Other assets in the Consolidated Balance Sheets at cost, adjusted to reflect the Company’s portion of income, loss, or dividends of the investee. Truist records its portion of income or loss in Other noninterest income in the Consolidated Statements of Income. These investments are periodically evaluated for impairment. The Company reports any noncontrolling interests in its subsidiaries in the equity section of the Consolidated Balance Sheets and separately presents the income or loss attributable to the noncontrolling interest of a consolidated subsidiary in its Consolidated Statements of Income.
Reclassifications	Reclassifications In the fourth quarter of 2022, the Company combined the presentation of Residential mortgage income and Commercial mortgage income into Mortgage banking income within the Company’s Consolidated Statement of Income. Further, the Company started including Income from bank-owned life insurance as a component of Other income and Loan-related expense and Loss (gain) on early extinguishment of debt as components of Other expense within the Company’s Consolidated Statement of Income. Prior periods were reclassified to conform to the current presentation. Certain other amounts reported in prior periods’ consolidated financial statements have been reclassified to conform to the current presentation.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change include the determination of the ACL; determination of fair value for securities, MSRs, LHFS, trading loans, and derivative assets and liabilities; goodwill and other intangible assets; income taxes; and pension and postretirement benefit obligations.
Business Combinations	Business Combinations Truist accounts for business combinations using the acquisition method. The accounts of an acquired entity are included as of the date of acquisition, and any excess of purchase price over the fair value of the net assets acquired is capitalized as goodwill.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash and due from banks and interest-bearing deposits with banks that have original maturities of three months or less. Accordingly, the carrying amount of such instruments is considered a reasonable estimate of fair value. Restricted cash was immaterial at December 31, 2022 and 2021.
Securities Financing Activities	Securities Financing Activities Securities borrowed or purchased under agreements to resell are accounted for as collateralized financing transactions and are recorded at the amounts at which the securities were borrowed or purchased. On the acquisition date of these securities, the Company and related counterparty agree on the amount of collateral required to secure the principal amount loaned under these agreements. The Company monitors collateral values daily and calls for additional collateral to be provided as warranted under the respective agreements. Short-term borrowings include securities sold under agreements to repurchase, which are accounted for as collateralized financing transactions and are recorded at the amounts at which the securities were sold. The Company monitors collateral values daily and pledges collateral as warranted under the respective agreements.
Trading Activities	Trading Activities Various trading assets and liabilities are used to accommodate the investment and risk management activities of the Company’s clients. Product offerings to clients include debt securities, loans traded in the secondary market, equity securities, derivative contracts, and other similar financial instruments. The Company elects to apply fair value accounting to trading loans. Trading loans include: (i) loans held in connection with the Company’s trading business primarily consisting of commercial and corporate leveraged loans; (ii) certain SBA loans guaranteed by the U.S. government; and (iii) loans made or acquired in connection with the Company’s TRS business. Other trading-related activities include acting as a market maker for certain debt and equity security transactions, derivative instrument transactions, and foreign exchange transactions. Trading assets and liabilities are measured at fair value with changes in fair value recognized within Noninterest income in the Company’s Consolidated Statements of Income. Interest income on trading account securities is included in Interest on other earning assets. For additional information on the Company’s trading activities, see “Note 16. Commitments and Contingencies” and “Note 18. Fair Value Disclosures.”
Investment Securities	Investment Securities The Company invests in various debt securities primarily for liquidity management purposes and as part of the overall ALM process to optimize income and market performance. Investments in debt securities that are not held for trading purposes are classified as HTM or AFS. Interest income on securities is recognized in income on an accrual basis. Premiums and discounts are amortized into interest income using the effective interest method over the contractual life of the security. As prepayments are received, a proportionate amount of the related premium or discount is recognized in income so that the effective interest rate on the remaining portion of the security continues unchanged. Debt securities are classified as HTM when Truist has both the intent and ability to hold the securities to maturity. HTM securities are reported at amortized cost. AFS securities are reported at estimated fair value, with unrealized gains and losses reported in AOCI, net of deferred income taxes, in the Shareholders’ equity section of the Consolidated Balance Sheets. Gains or losses realized from the sale of AFS securities are determined by specific identification and are included in noninterest income. An unrealized loss exists when the current fair value of an individual security is less than its amortized cost basis. AFS debt securities in an unrealized loss position are evaluated at the balance sheet date to determine whether such losses are credit-related. Credit related losses are measured on an individual basis and recognized in an ACL. Changes in expected credit losses are recognized in the Provision for credit losses in the Consolidated Statements of Income. Municipal securities are evaluated for impairment using a municipal bond credit scoring tool that leverages historical municipal market data to estimate probability of default and loss given default at the issuer level. U.S. Treasury securities, government guaranteed securities, and other securities issued by GSEs are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by rating agencies and have a long history of no credit losses. Non-agency MBS in the portfolio reflect recent issuances that are highly rated, include excess collateral and are collateralized by loans to borrowers with high credit scores and low loan to value ratios. Truist utilizes cash flow modeling for the evaluation of potential credit impairment on non-agency securities in an unrealized loss position. Cash flow modeling incorporates a variety of factors that impact the long-term expectation of collateral performance. Impairment is attributable to factors other than credit when there continues to be an expectation of the collection of all contractual principal and interest. Related to any unrealized losses reported in AOCI, Truist considers any intent to sell and whether it was more-likely-than-not that the Company would be required to sell those securities before the anticipated recovery of the amortized cost basis as of the reporting date.
Equity Securities	Equity Securities Equity securities that are not classified as trading assets or liabilities are recorded in Other assets on the Company’s Consolidated Balance Sheets. Equity securities with readily determinable fair values are considered marketable and measured at fair value, with changes in the fair value recognized as a component of Other noninterest income in the Company’s Consolidated Statements of Income. Marketable equity securities include mutual fund investments and other publicly traded equity securities. Dividends received from marketable equity securities and FHLB stock are recognized within Interest income in the Consolidated Statements of Income. Equity securities that are not accounted for under the equity method and that do not have readily determinable fair values are considered non-marketable and are accounted for at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer. Any adjustments to the carrying value of these non-marketable equity securities are recognized in Other noninterest income in the Company’s Consolidated Statements of Income. Non-marketable equity securities include FHLB stock and other equity investments. For additional information on the Company’s equity securities, see “Note 18. Fair Value Disclosures.”
LHFS	LHFS LHFS includes primarily residential mortgage and commercial mortgage loans that management intends to sell in the secondary market and other loans that management has an active plan to sell. LHFS also includes specifically identified loans where management has committed to a formal plan of sale and the loans are available for immediate sale. The Company elects to apply fair value accounting to residential and commercial mortgage loans that are originated with the intent to be sold in the secondary market. Direct loan origination fees associated with these loans are recorded as Mortgage banking income. The majority of direct origination costs are recorded in Personnel expense. The fair value of these loans is derived from observable current market prices when available and includes loan servicing value. When observable market prices are not available, the Company uses judgment and estimates fair value using internal models that reflect assumptions consistent with those that would be used by a market participant in estimating fair value. First lien residential mortgage LHFS are transferred in conjunction with GNMA and GSE securitization transactions, whereby the loans are exchanged for cash or securities that are readily redeemable for cash with servicing rights retained. Net gains/losses on the sale of residential mortgage LHFS are recorded at inception of the associated interest rate lock commitments and reflect the change in value of the loans resulting from changes in interest rates from the time the Company enters into interest rate lock commitments with borrowers until the loans are sold, adjusted for pull through rates and excluding hedge transactions initiated to mitigate this market risk. Commercial mortgage LHFS are sold to FNMA and FHLMC and the Company also issues and sells GNMA commercial MBS backed by FHA insured loans. The loans and securities are exchanged for cash with servicing rights retained. Gains and losses on sales of residential and commercial mortgages are included in Mortgage banking income and gains and losses on sales of other consumer loans are included in Other income. In certain circumstances, the Company may transfer certain loans from HFI to LHFS. At the time of transfer, any credit losses are subject to charge-off in accordance with the Company’s policy and are recorded as a reduction in the ALLL. Any additional losses, including those related to interest rate or liquidity-related valuation adjustments are recorded as a component of Noninterest income in the Consolidated Statements of Income. For additional information on the Company’s LHFS, see “Note 18. Fair Value Disclosures.”
Loans and Leases	Loans and Leases The Company’s accounting methods for loans differ depending on whether the loans are originated or purchased, and if purchased, whether or not the loans reflect credit deterioration since the date of origination such that at the date of acquisition there is more than an insignificant deterioration in credit. Unearned income, discounts, and net deferred loan fees and costs includes direct costs associated with loan origination as well as premiums and discounts from origination or purchase, which are deferred and amortized over the respective loan terms. Originated Loans and Leases Loans and leases that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their outstanding principal balances net of any unearned income, charge-offs, and unamortized fees and costs. Interest and fees on loans and leases includes certain loan fees and deferred direct costs associated with the lending process recognized over the contractual lives of the loans using the effective interest method for amortizing loans or straight-line method for loans with interest-only repayment terms or revolving privileges. Purchased Loans Purchased loans are recorded at their fair value at the acquisition date. Purchased loans are evaluated upon acquisition and classified as either PCD, which indicates that the loan reflects more-than-insignificant deterioration in credit quality since origination, or non-PCD. Truist considers a variety of factors in connection with the identification of more-than-insignificant deterioration in credit quality, including but not limited to risk grades, delinquency, nonperforming status, previous troubled debt restructurings, bankruptcies, and other qualitative factors that indicate deterioration in credit quality since origination. Fair values for purchased loans in a business combination are based on a discounted cash flow methodology that considers credit loss expectations, market interest, rates, and other market factors such as liquidity from the perspective of a market participant. Loans are grouped together according to similar characteristics and treated in the aggregate when applying various valuation techniques. The probability of default, loss given default and prepayment assumptions are the key factors driving credit losses which are embedded into the estimated cash flows. These assumptions are informed by comparable internal data on loan characteristics, historical loss experience, and current and forecasted economic conditions. The interest and liquidity component of the estimate are determined by discounting interest and principal cash flows through the expected life of the underlying loans. The discount rates used for loans are based on current market rates for new originations of comparable loans and include adjustments for liquidity. The discount rates do not include a factor for credit losses as that has been included as a reduction to the estimated cash flows. For PCD loans, the initial estimate of expected credit losses is determined using the same methodology as other loans held for investment and recognized as an adjustment to the acquisition price of the asset; thus, the sum of the loans’ purchase price and initial ALLL estimate represents the initial amortized cost basis. The difference between the initial amortized cost basis and the par value is the non-credit discount or premium. For non-PCD loans, the difference between the fair value and the par value is considered the fair value mark. The initial ALLL for non-PCD loans is recorded with a corresponding charge to the Provision for credit losses in the Consolidated Statements of Income. Subsequent changes in the ALLL related to PCD and non-PCD loans are recognized in the Provision for credit losses. The non-credit discount or premium related to PCD loans and the fair value mark on non-PCD loans are amortized or accreted to Interest and fees on loans and leases over the contractual life of the loans using the effective interest method for amortizing loans, and using a straight-line approach for loans with interest-only repayment terms or revolving privileges. In the event of prepayment, unamortized discounts or premiums are recognized in Interest and fees on loans and leases.
Troubled Debt Restructuring	TDRs Modifications to a borrower’s debt agreement are considered TDRs if a concession is granted for economic or legal reasons related to a borrower’s financial difficulties that otherwise would not be considered. TDRs are undertaken to improve the likelihood of recovery on the loan and may take the form of modifications that result in the stated interest rate of the loan being lower than the current market rate for new debt with similar risk, other modifications to the structure of the loan that fall outside of normal underwriting policies and procedures, or in certain limited circumstances, forgiveness of principal or interest. A restructuring that results in only a delay in payments that is insignificant is not considered an economic concession. TDRs can be classified as performing or nonperforming, depending on the individual facts and circumstances of the borrower and an evaluation as to whether the borrower will be able to repay the loan based on the modified terms. In circumstances where the TDR involves charging off a portion of the loan balance, Truist classifies these TDRs as nonperforming. The decision to maintain a commercial TDR on performing status is based on a current, well documented credit evaluation of the borrower’s financial condition and prospects for repayment under the modified terms. This evaluation includes consideration of the borrower’s current capacity to pay, which among other things may include a review of the borrower’s current financial statements, an analysis of cash flow available to pay debt obligations, and an evaluation of secondary sources of payment from the borrower and any guarantors. This evaluation also includes an evaluation of the borrower’s current willingness to pay, which may include a review of past payment history, an evaluation of the borrower’s willingness to provide information on a timely basis, and consideration of offers from the borrower to provide additional collateral or guarantor support. The credit evaluation may also include review of cash flow projections, consideration of the adequacy of collateral to cover all principal and interest and trends indicating improving profitability and collectability of receivables. The evaluation of mortgage and other consumer loans includes an evaluation of the client’s debt-to-income ratio, credit report, property value and certain other client-specific factors that impact the clients’ ability to make timely principal and interest payments on the loan.
NPAs	NPAs NPAs include NPLs and foreclosed property. Foreclosed property consists of real estate and other assets acquired as a result of clients’ loan defaults. Truist’s policies for placing loans on nonperforming status conform to guidelines prescribed by bank regulatory authorities. Truist classifies loans and leases as past due when the payment of principal and interest based upon contractual terms is greater than 30 days delinquent or if one payment is past due. The following table summarizes the delinquency thresholds that are a factor used in evaluating nonperforming classification and the timing of charge-off evaluations: (number of days) Placed on Nonperforming (1) (2) Evaluated for Charge-off (2) Commercial: Commercial and industrial 90 (3) 90 (3) CRE 90 (3) 90 (3) Commercial construction 90 (3) 90 (3) Consumer: Residential mortgage (4) 90 to 180 90 to 180 Residential home equity and direct (4) 90 to 120 90 to 180 Indirect auto (4) 90 120 Indirect other (4) 90 to 120 90 to 120 Student (5) (6) NA 120 to 180 Credit card (7) NA 90 to 180 (1) Loans may be returned to performing status when (i) the borrower has resumed paying the full amount of the scheduled contractual interest and principal payments, (ii) management concludes that all principal and interest amounts contractually due (including arrearages) are reasonably assured of repayment, and (iii) there is a sustained period of repayment performance, generally a minimum of six months. (2) The timing of nonaccrual and charge-off evaluations are accelerated in circumstances where the borrower has filed for bankruptcy. (3) Or when it is probable that principal or interest is not fully collectible, whichever occurs first. (4) Depends on product type, loss mitigation status, status of the government guaranty, if applicable, and certain other product-specific factors. (5) Student loans are not placed in nonperforming status, which reflects consideration of governmental guarantees or accelerated charge-off policies related to certain non-guaranteed portfolios. (6) Government guaranteed loans are considered to be in default once they reach 270 days past due and claims are generally filed once the loans reaches 365 days past due. The non-guaranteed balance, which ranges from 2-3%, is charged off once the claim proceeds related to the guaranteed portion have been received, which typically occurs no later than 365 days past due. (7) Credit cards are generally not placed on nonperforming status, but are fully charged off at specified delinquency dates consistent with regulatory guidelines. When commercial loans are placed on nonperforming status, management evaluates whether a charge-off must be recorded. For collateral-dependent loans, this evaluation is based on a comparison of the loan’s carrying value to the value of the related collateral, while for non-collateral dependent loans, this evaluation reflects management’s conclusions with regard to whether any portion of the loan is considered uncollectible. Consumer and credit card loans are subject to charge-off at a specified delinquency date consistent with regulatory guidelines. Certain past due loans may remain on performing status if management determines that it does not have concern over the collectability of principal and interest. Generally, when loans are placed on nonperforming status, accrued interest receivable is reversed against interest income in the current period and amortization of deferred loan fees and expenses for originated loans, and fair value marks for purchased loans, is suspended. For commercial loans and certain consumer loans, payments received for interest and lending fees thereafter are applied as a reduction to the remaining principal balance as long as concern exists as to the ultimate collection of the principal. Interest income on nonperforming loans is recognized after the principal has been reduced to zero. If and when borrowers demonstrate the ability to repay a loan classified as nonperforming in accordance with its contractual terms, the loan may be returned to performing status upon meeting all regulatory, accounting and internal policy requirements. Accrued interest is included in Other assets in the Consolidated Balance Sheets. Accrued interest receivable balances are not considered in connection with the ACL estimation process, as such amounts are generally reversed against interest income when the loan is placed in nonperforming status. Assets acquired as a result of foreclosure are initially recorded at fair value less estimated cost to sell and subsequently carried at LOCOM. Net realizable value equals fair value less estimated selling costs. Any excess of cost over net realizable value at the time of foreclosure is charged to the ALLL. NPAs are subject to periodic revaluations of the collateral underlying impaired loans and foreclosed real estate. The periodic revaluations are generally based on the appraised value of the property and may include additional liquidity adjustments based upon the expected retention period. Truist’s policies require that valuations be updated at least annually and that upon foreclosure, the valuation must not be more than 12 months old, otherwise an update is required. Any subsequent changes in value as well as gains or losses from the disposition of these assets are recognized in Other noninterest expense in the Consolidated Statements of Income. For additional information on the Company’s loan and lease activities, see “Note 5. Loans and ACL.”
ACL	ACL The ACL includes the ALLL and RUFC. The ACL represents management’s best estimate of expected future credit losses related to loan and lease portfolios and off-balance sheet lending commitments at the balance sheet date. The ALLL is a valuation account that is deducted from or added to the loans’ amortized cost basis to present the net amount expected to be collected on loans. The ALLL is available to absorb losses on any loan category or lending-related commitment. Loan or lease balances deemed to be uncollectible are charged off against the ALLL. Expected recoveries of amounts previously charged off are incorporated into the ALLL estimate, with such amounts capped at the aggregate of amounts previously charged off. Changes to the ACL are made by charges to the Provision for credit losses, which is reflected in the Consolidated Statements of Income. The RUFC is recorded in Other liabilities on the Consolidated Balance Sheets. Portfolio segments represent the level at which Truist develops and documents a systematic methodology to determine its ACL. Truist’s loan and lease portfolio consists of three portfolio segments: commercial, consumer, and credit card. The expected credit loss models are generally developed one level below the portfolio segment level. In certain instances, loans and leases are further disaggregated by similar risk characteristics, such as business sector, client type, funding type, and type of collateral. Larger loans and leases that do not share similar risk characteristics or that are considered collateral-dependent are individually evaluated. For these loans, the ALLL is determined through review of data specific to the borrower and related collateral, if any. Such estimates may be based on current loss forecasts, an evaluation of the fair value of the underlying collateral or in certain circumstances the present value of expected cash flows discounted at the loan’s effective interest as described further below. In addition to the quantitatively calculated components, the ALLL includes qualitatively calculated components. Truist maintains a collectively calculated ALLL for loans with similar risk characteristics. The collectively calculated ALLL is estimated using relevant available information from internal and external sources relating to past events, current conditions, and reasonable and supportable forecasts. Truist maintains quantitative models to forecast expected credit losses. The credit loss forecasting models use portfolio balances, macroeconomic forecast data, portfolio composition and loan attributes as the primary inputs. Loss estimates are informed by historical loss experience adjusted for macroeconomic forecast data and current and expected portfolio risk characteristics. Expected losses are estimated through contractual maturity unless the borrower has a right to renew that is not cancellable or it is reasonably expected that the loan will be modified as a TDR. The Scenario Committee provides guidance, selection, and approval for Company-sanctioned macroeconomic forecast data, including the macroeconomic forecast data for use in the ACL process. Forecasted economic conditions are developed using third-party macroeconomic forecast data across scenarios adjusted based on management’s expectations over a reasonable and supportable forecast period of two years. Assumptions revert to long term historic averages gradually over a one-year period. Macroeconomic forecast data used in estimating the expected losses vary by loan portfolio and include employment factors, estimated collateral values, and market indicators as described by portfolio segment below. A qualitative allowance which incorporates management’s judgement is also included in the estimation of expected future loan and lease losses, including qualitative adjustments in circumstances where the model output is inconsistent with management’s expectations with respect to expected credit losses. This allowance is used to adjust for limitations in modeled results related to the current economic conditions, and considerations with respect to the impact of current and expected events or risks, the outcomes of which are uncertain and may not be completely considered by quantitative models. The methodology for determining the RUFC is inherently similar to that used to determine the funded component of the ALLL and is measured over the period there is a contractual obligation to extend credit that is not unconditionally cancellable. The RUFC is adjusted for factors specific to binding commitments, including the probability of funding and exposure at default. The ACL is monitored by the ACL Committee. The ACL Committee approves the ACL estimate and may recommend adjustments where necessary based on portfolio performance and other items that may impact credit risk. On January 1, 2020, Truist adopted the CECL accounting standard, which changed the manner in which it accounts for the allowance for credit losses. Prior to the adoption of CECL, the ACL represented management’s estimate of probable credit losses incurred in the loan and lease portfolios and off-balance sheet lending commitments at the balance sheet date. The estimation of the ACL prior to the adoption did not consider reasonable and supportable forecasts that could have affected the collectability of the reported amounts. The following provides a description of accounting policies, methodologies, and credit quality indicators related to each of the portfolio segments: Commercial The majority of loans in the commercial lending portfolio are assigned risk ratings based on an assessment of conditions that affect the borrower’s ability to meet contractual obligations under the loan agreement. This process includes reviewing borrowers’ financial information, historical payment experience, credit documentation, public information, and other information specific to each borrower. Risk ratings are reviewed on an annual basis, or more frequently for many relationships based on the policy requirements regarding various risk characteristics. While this review is largely focused on the borrower’s ability to repay the loan, Truist also considers the capacity and willingness of a loan’s guarantors to support the loan as a secondary source of repayment. When a guarantor exhibits the documented capacity and willingness to support the loan, Truist may consider extending the loan maturity and/or temporarily deferring principal payments if the ultimate collection of both principal and interest is reasonably assured. In these cases, Truist may determine the loan is not impaired due to the documented capacity and willingness of the guarantor to repay the loan. Loans are considered impaired when the borrower (or guarantor in certain circumstances) does not have the cash flow capacity or willingness to service the debt according to contractual terms, or it does not appear reasonable to assume that the borrower will continue to pay according to the contractual agreement. The following table summarizes risk ratings that Truist uses to monitor credit quality in its commercial portfolio: Risk Rating Description Pass Loans not considered to be problem credits Special Mention Loans that have a potential weakness deserving management’s close attention Substandard Loans for which a well-defined weakness has been identified that may put full collection of contractual cash flows at risk Nonperforming Loans for which full collection of principal and interest is not considered probable Loans are generally pooled one level below the portfolio segment for the collectively calculated ALLL based on factors such as business sector, project and property type, line of business, collateral, loan type, obligor exposure, and risk grade or score. Commercial loss forecasting models are expected loss frameworks that use macroeconomic forecast data across scenarios and current portfolio attributes as inputs. The models forecast probability of default, exposure at default and loss given default by correlating certain macroeconomic forecast data to historical experience. The primary macroeconomic drivers for the commercial portfolios include unemployment trends, U.S. real GDP, corporate credit spreads, rental rates, and property values. Truist’s policy is to review and individually evaluate the reserve for all nonperforming lending relationships and TDRs with an outstanding balance of $5 million or more, as such lending relationships do not typically share similar risk characteristics with others. Individually evaluated reserves are based on current forecasts, the present value of expected cash flows discounted at the loan’s effective interest rate, or the value of collateral, which is generally based on appraisals, recent sales of foreclosed properties and/or relevant property-specific market information. Truist has elected to measure expected credit losses on collateral-dependent loans based on the fair value of the collateral. Loans are considered collateral dependent when it is probable that Truist will be unable to collect principal and interest according to the contractual terms of the agreement and repayment is expected to be provided substantially by the sale or continued operation of the underlying collateral. Commercial loans are typically secured by real estate, business equipment, inventories, and other types of collateral. Consumer and Credit Card The majority of the ALLL related to the consumer and credit card lending portfolios is calculated on a collective basis. Loans are pooled one level below the portfolio segment for the collectively calculated ALLL based on factors such as collateral, loan type, line of business, and sales channel. Consumer portfolio models are expected loss frameworks that use macroeconomic forecast data across scenarios and current portfolio attributes as inputs. The models forecast probability of default, exposure at default and loss given default by correlating certain macroeconomic forecast data to historical experience. The primary macroeconomic drivers for the consumer portfolios include unemployment trends, the primary 30-year mortgage rate, home price indices, and used car prices. Residential mortgages and revolving home equity lines of credit are generally collateralized by one-to-four-family residential real estate, typically have loan-to-collateral value ratios of 80% or less at origination and are made to borrowers in good credit standing. The indirect auto and indirect other portfolios include secured indirect installment loans to consumers for the purchase of new and used automobiles, boats and recreational vehicles. The student loan portfolio is composed of government guaranteed student loans and certain private student loans. The government guarantee mitigates substantially all of the risk related to principal and interest repayment for this component of the portfolio. Private student loans were originated prior to 2021 with a credit enhancement from a third-party which partially mitigates the Company’s credit exposure. The credit card portfolio and other arrangements within the indirect other and residential home equity and direct portfolios are generally unsecured and are actively managed. Truist uses delinquency status to monitor credit quality in its consumer and credit card portfolios. Delinquency status is the primary factor considered in determining whether a loan should be classified as nonperforming. The ALLL for loans classified as a TDR is based on analyses capturing the expected credit losses and the impact of the concession over the remaining life of the asset. Expected recoveries for loans are included in the estimation of the ALLL based on historical experience.
Premises and Equipment	Premises and Equipment Premises, equipment, finance leases, and leasehold improvements are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are computed primarily using the straight-line method over the estimated useful lives of the related assets and is recorded within the corresponding Noninterest expense categories on the Consolidated Statements of Income. Leasehold improvements are amortized using the straight-line method over the shorter of the improvements’ estimated useful lives or the lease term. An impairment loss on a long-lived asset or asset group, including premises and equipment and a ROU asset, is measured as the amount by which the carrying amount of a long-lived asset exceeds its fair value.
Lessee, Leases	Lessee operating and finance leases Truist has operating and finance leases for data centers, corporate offices, branches, retail centers, and certain equipment. Operating leases with an original lease term in excess of one year are included in Other assets and Other liabilities in the Consolidated Balance Sheets. Finance leases are included in Premises and equipment and Long-term debt in the Consolidated Balance Sheets. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating and finance lease assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Operating lease costs are recorded in Net occupancy expense or Equipment expense based on the underlying asset. Truist uses an implicit interest rate in determining the present value of lease payments when readily determinable, and a collateralized incremental borrowing rate when an implicit rate is not available. Lease terms consider options to extend or terminate based on the determination of whether such renewal or termination options are deemed reasonably certain. Lease agreements that contain non-lease components are generally accounted for as a single lease component. Variable costs, such as maintenance expenses, property and sales taxes, association dues and index-based rate increases, are expensed as they are incurred.
Bank-Owned Life Insurance	Bank-Owned Life Insurance Life insurance policies on certain current and former directors, officers and teammates, for which Truist is the owner and beneficiary are stated at the cash surrender value within Other assets in the Consolidated Balance Sheets. Changes in cash surrender value and proceeds from insurance benefits are recorded in Other income in the Consolidated Statements of Income. These policies provide the Company an efficient form of funding for retirement and other employee benefits costs. See “Note 9. Other Assets and Liabilities” for additional information.
Income Taxes	Income Taxes The Company’s provision for income taxes is based on income and expense reported for financial statement purposes after adjustments for permanent differences such as interest income from lending to tax-exempt entities, tax credits, and amortization expense related to qualified affordable housing investments. In computing the provision for income taxes, the Company evaluates the technical merits of its income tax positions based on current legislative, judicial, and regulatory guidance. The deferral method of accounting is used on investments that generate investment tax credits, such that the investment tax credits are recognized as a reduction to the related investment. Additionally, the Company recognizes all excess tax benefits and deficiencies on employee share-based payments as a component of the Provision for income taxes in the Consolidated Statements of Income. These tax effects, generally determined upon the exercise of stock options or vesting of restricted stock, are treated as discrete items in the period in which they occur. The provision for income taxes does not reflect the tax effects of unrealized gains and losses and other income and expenses recorded in AOCI. For additional information related to the Company’s unrealized gains and losses, see “Note 13. AOCI.” DTAs and DTLs result from differences between the timing of the recognition of assets and liabilities for financial reporting purposes and for income tax purposes. These deferred assets and liabilities are measured using the enacted tax rates and laws that are expected to apply in the periods in which the DTAs or DTLs are expected to be realized. Subsequent changes in the tax laws require adjustment to these deferred assets and liabilities with the cumulative effect included in the Provision for income taxes for the period in which the change is enacted. A valuation allowance is recognized for a DTA if, based on the weight of available evidence, it is more likely than not that some portion or all of the DTA will not be realized. Interest and penalties related to the Company’s tax positions are recognized in the Provision for income taxes in the Consolidated Statements of Income. For additional information on the Company’s activities related to income taxes, see “Note 14. Income Taxes.”
Derivative Financial Instruments	Derivative Financial Instruments The Company records derivative contracts at fair value in Other assets and Other liabilities on the Consolidated Balance Sheets. Accounting for changes in the fair value of a derivative depends upon whether or not it has been designated in a formal, qualifying hedging relationship. Changes in the fair value of derivatives not designated in a hedging relationship are recognized within Noninterest income in the Consolidated Statements of Income. This includes derivatives that the Company enters into in a dealer capacity to facilitate client transactions and as a risk management tool to economically hedge certain identified risks associated with assets carried at fair value such as MSRs, along with certain interest rate lock commitments on residential mortgage and commercial loans that are a normal part of the Company’s operations. The Company also evaluates its financial contracts to determine whether any embedded derivatives are required to be bifurcated and separately accounted for as freestanding derivatives. Certain derivatives used as risk management tools are designated as accounting hedges and are used to mitigate the Company’s exposure to changes in interest rates or other identified market risks. The Company prepares written hedge documentation for all derivatives which are designated as hedges of (i) changes in the fair value of a recognized asset or liability (fair value hedge) attributable to a specified risk or (ii) a forecasted transaction, such as the variability of cash flows to be received or paid related to a recognized asset or liability (cash flow hedge). The written hedge documentation includes identification of, among other items, the risk management objective, hedging instrument, hedged item, and methodologies for assessing and measuring hedge effectiveness, along with support for management’s assertion that the hedge will be highly effective. Methodologies related to hedge effectiveness include (i) statistical regression analysis of changes in the cash flows of the actual derivative and hypothetical derivatives, or (ii) statistical regression analysis of changes in the fair values of the actual derivative and the hedged item. For designated hedging relationships, the Company generally performs subsequent assessments of hedge effectiveness using a qualitative approach. Below is a summary of the cash flow and fair value hedge programs utilized by Truist: Cash Flow Hedges Fair Value Hedges Risk exposure Variability in cash flows of interest payments on floating rate loans, overnight funding, and various LIBOR and successor rate funding instruments. Changes in value on fixed rate long-term debt, FHLB advances, loans and AFS securities due to changes in interest rates. Risk management objective Hedge the variability in the interest payments and receipts on future cash flows for forecasted transactions related to the first unhedged payments and receipts of variable interest due to changes in the contractually specified interest rate. Convert the fixed rate paid or received to a floating rate, primarily through the use of swaps. Treatment during the hedge period Changes in value of the hedging instruments are recognized in AOCI until the related cash flows from the hedged item are recognized in earnings. The amount reclassified to earnings is recorded in the same line item as the earnings effect of the hedged item. Changes in value of both the hedging instruments and the assets or liabilities being hedged are recognized in the income statement line item associated with the asset or liability being hedged. Treatment if hedge ceases to be highly effective or is terminated Hedge is dedesignated. Changes in value recorded in AOCI before dedesignation are amortized to yield over the period the forecasted hedged transactions impact earnings. If hedged item remains outstanding, the basis adjustment that resulted from hedging is amortized into earnings over the designated hedged period or the maturity date of the instrument, and cash flows from terminated hedges are reported in the same category as the cash flows from the hedged item. Treatment if transaction is no longer probable of occurring during forecast period or within a short period thereafter Hedge accounting ceases and any gain or loss in AOCI is recognized in earnings immediately. Not applicable Derivatives expose the Company to risk that the counterparty to the derivative contract does not perform as expected. The Company manages its exposures to counterparty credit risk associated with derivatives by entering into transactions with counterparties with defined exposure limits based on their credit quality and in accordance with established policies and procedures. All counterparties are reviewed regularly as part of the Company’s credit risk management practices and appropriate action is taken to adjust the exposure limits to certain counterparties as necessary. The Company’s derivative transactions are generally governed by ISDA agreements or other legally enforceable industry standard master netting agreements. In certain cases and depending on the nature of the underlying derivative transactions, bilateral collateral agreements are also utilized. The Company and its subsidiaries are subject to OTC derivative clearing requirements, which require certain derivatives to be cleared through central clearing houses. These clearing houses require the Company to post initial and variation margin to mitigate the risk of non-payment, the latter of which is received or paid daily based on the net asset or liability of the contracts. The Company applies settlement to market treatment for the cash collateralizing derivative contracts with certain centrally cleared counterparties. When the Company has more than one outstanding derivative transaction with a single counterparty, and there exists a legal right of setoff with that counterparty, the Company considers its exposure to the counterparty to be the net fair value of its derivative positions with that counterparty. If the net fair value is positive, then the corresponding asset value also reflects cash collateral held. The Company offsets derivative transactions with a single counterparty as well as any cash collateral paid to and received from that counterparty for derivative contracts that are subject to ISDA or other legally enforceable netting arrangements and meet accounting guidance for offsetting treatment. For additional information on the Company’s derivative activities, see “Note 18. Fair Value Disclosures” and “Note 19. Derivative Financial Instruments.”
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill represents the cost in excess of the fair value of net assets acquired (including identifiable intangibles) in transactions accounted for as business combinations. Truist allocates goodwill to the reporting unit(s) that are expected to benefit from the synergies of the business combination. The goodwill of each reporting unit is reviewed for impairment on an annual basis as of October 1 or more often if events or circumstances indicate that it is more-likely-than-not that the fair value of a reporting unit is below its carrying value. If, after assessing all relevant events or circumstances, Truist concludes that it is more-likely-than-not that the fair value of a reporting unit is below its carrying value, then a quantitative impairment test is required. Truist may also elect to bypass the qualitative assessment and proceed directly to a quantitative impairment test. In the quantitative test, the fair value of a reporting unit is compared to the carrying value of the reporting unit. If the fair value of a reporting unit is greater than the carrying value, then there is no impairment. If the fair value is less than the carrying value, then an impairment loss is recorded for the amount that the carrying value exceeds the fair value, not to exceed the total amount of goodwill assigned to the reporting unit. The quantitative impairment test estimates the fair value of the reporting units using the income approach and market-based approaches. The income approach utilizes a discounted cash flow analysis. The market approach utilizes comparable public company information, key valuation multiples and consideration of a market control premium associated with cost synergies and other cash flow benefits that arise from obtaining control over a reporting unit, and guideline transactions, when applicable. The inputs and assumptions specific to each reporting unit are incorporated in the valuations, including projections of future cash flows, discount rates and applicable valuation multiples based on comparable public company information. Truist also assesses the reasonableness of the aggregate estimated fair value of the reporting units by comparison to its market capitalization over a reasonable period of time, including consideration of historic bank control premiums and the current market. CDI and other intangible assets include premiums paid for acquisitions of core deposits and other identifiable intangible assets. Intangible assets other than goodwill, which are determined to have finite lives, are amortized over their useful lives, based upon the estimated economic benefits received. For additional information on the Company’s activities related to goodwill and other intangibles, see “Note 7. Goodwill and Other Intangible Assets.”
MSRs	Loan Servicing Rights Truist has three classes of servicing rights for which it separately manages the economic risks: residential MSRs, commercial MSRs, and other loan servicing rights. Loan servicing rights are accounted for primarily at fair value with changes in fair value recorded in Mortgage banking income and Other income on the Consolidated Statements of Income. The fair value of servicing rights is impacted by a variety of factors, including prepayment assumptions, discount rates, delinquency rates, contractually specified servicing fees, servicing costs, and underlying portfolio characteristics. These risks are hedged with various derivative instruments that are intended to mitigate the income statement effect to changes in fair value. The underlying assumptions and estimated values are corroborated by values received from independent third parties and comparisons to market transactions. For additional information on the Company’s servicing rights, see “Note 8. Loan Servicing.”
Fair Value Measurement, Policy	Fair Value Measurement Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, the Company uses various valuation techniques and assumptions when estimating fair value. The Company classifies inputs used in valuation techniques within the fair value hierarchy discussed in “Note 18. Fair Value Disclosures.” When measuring assets and liabilities at fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. Assets and liabilities that are required to be measured at fair value on a recurring basis include trading securities, derivative instruments, AFS securities, and certain other equity securities. Assets and liabilities that the Company has elected to measure at fair value on a recurring basis include trading loans, loans originated to be sold and classified as LHFS, and loan servicing rights. Other assets and liabilities are measured at fair value on a non-recurring basis, such as when assets are evaluated for impairment, and subsequently carried at LOCOM. For additional information on the Company’s valuation of assets and liabilities held at fair value, see “Note 18. Fair Value Disclosures.”
Equity-Based Compensation	Equity-Based Compensation Truist maintains various equity-based compensation plans that provide for the granting of RSAs, RSUs, and PSUs to selected teammates and directors. Truist values share-based awards at the grant date fair value and recognizes the expense over the requisite service period taking into account retirement eligibility. Compensation expense is recognized in Personnel expense in the Consolidated Statements of Income. Forfeitures are recognized as they occur. For additional information on the Company’s stock-based compensation plans, see “Note 15. Benefit Plans.”
Pension and Postretirement Benefit Obligations	Pension and Postretirement Benefit Obligations Truist offers various pension plans and postretirement benefit plans to teammates. Calculation of the obligations and related expenses under these plans requires the use of actuarial valuation methods and assumptions. The discount rate assumption used to measure the postretirement benefit obligations is set by reference to an AA Above Median corporate bond yield curve and the individual characteristics of the plans such as projected cash flow patterns and payment durations. The expected long-term rate of return on assets is based on the expected returns for each major asset class in which the plan invests, adjusted for the weight of each asset class in the target mix. For additional information on the Company’s pension plans and postretirement benefit plans, see “Note 15. Benefit Plans.”
Revenue Recognition	Revenue Recognition In the ordinary course of business, the Company recognizes two primary types of revenue in its Consolidated Statements of Income, Interest income, and Noninterest income. The Company’s principal source of revenue is Interest income from loans and securities, which is recognized on an accrual basis using the effective interest method. For information on the Company’s policies for recognizing Interest income on loans and securities, see the “Loans and Leases,” “LHFS,” “Trading Activities,” and “Investment Securities” sections within this Note. Noninterest income includes revenue from various types of transactions and services provided to clients. The Company recognizes revenue from contracts with customers as performance obligations are satisfied. Performance obligations are typically satisfied in one year or less. Truist elected the practical expedient to expense the incremental costs of obtaining a contract when incurred when the amortization period is one year or less. As of December 31, 2022 and 2021, remaining performance obligations consisted primarily of insurance and investment banking services for contracts with an original expected length of one year or less. Insurance income Insurance commissions are received on the sale of insurance products as agent or broker, and revenue is recognized at a point in time upon the placement date of the insurance policies, representing the Company’s related performance obligations. Payment is normally received within the policy period. In addition to placement, Truist also provides insurance policy related risk management services. The Company’s execution of these risk management services represents its performance obligations. Revenue is recognized over time as these services are provided. Performance-based commissions are recognized when received or earlier when, upon consideration of past results and current conditions, the revenue is deemed not probable of reversal. Insurance commissions are included in the IH operating segment. Refer to “Note 21. Operating Segments” for information on segment results. Transaction and service-based revenues Transaction and service-based revenues include Wealth management income, Investment banking income, Service charges on deposits, and Card and payment related fees. Revenue is recognized at a point in time when the transactions occur or over time as services are performed over primarily monthly or quarterly periods. Payment is typically received in the period the transactions occur or, in some cases, within 90 days of the service period. Fees may be fixed or, where applicable, based on a percentage of transaction size or managed assets. These revenues, and their relationship to the Company’s operating segments, are further described by type below. Refer to “Note 21. Operating Segments” for information on segment results. Wealth management income includes trust and investment management income, retail investment and brokerage services, and investment advisory and other specialty wealth management fees. The Company’s execution of these services represents its related performance obligations. The Company generally recognizes trust and investment management and advisory revenue over time as services are rendered based on either a percentage of the market value of the assets under management or advisement, or fixed based on the services provided to the client. Fees are generally swept from the client’s account either in advance of or in arrears based on the prior period’s asset balances under management or advisement. The Company also offers selling and distribution services and earns commissions through the sale of annuity and mutual fund products, acting as agent in these transactions and recognizing revenue at a point in time when the client enters into an agreement with the product carrier. The Company may also receive trailing commissions and 12b-1 fees related to mutual fund and annuity products and recognizes this revenue in the period earned. Retail trade execution commissions are earned and recognized on the trade date with payment on the settlement date. Wealth management income is included in the CB&W operating segment. Investment banking and trading income includes securities underwriting fees, advisory fees, loan syndication fees, structured real estate income, and trade execution services revenue. Underwriting fees are earned on the trade date when the Company, as a member of an underwriting syndicate, purchases the securities from the issuer and sells the securities to third-party investors. Each member of the syndicate is responsible for selling its portion of the underwriting and is liable for the proportionate costs of the underwriting; therefore, the Company’s portion of underwriting revenue and expense is presented gross within noninterest income and noninterest expense. The transaction price is based on a percentage of the total transaction amount and payments are settled shortly after the trade date. Fees for merger and acquisition advisory services, including various activities such as business valuation, identification of potential targets or acquirers, and the issuance of fairness opinions, are generally earned and recognized by the Company when performance obligations are satisfied. The Company’s execution of the advisory services related to these fees represents its performance obligations. The Company is the principal when rendering these services. The transaction price is based on contractually specified terms agreed upon with the client for each advisory service. Loan syndication fees are typically recognized at the closing of a loan syndication transaction. Structured real estate income is recognized when a build-to-suit or sale-leaseback transaction is closed. The proceeds, net of closing costs, are reduced by the carrying value of the underlying leased asset. Revenue related to corporate trade execution services is earned and recognized on the trade date with payment on the settlement date. Investment banking and trading income is included in the C&CB operating segment. Service charges on deposits include account maintenance, cash and treasury management, wire transfers, ATM, overdraft, and other deposit-related fees. The Company’s execution of the services related to these fees represents its performance obligations. Each of these performance obligations are either satisfied over time or at a point in time as the services are provided to the client. The Company is the principal when rendering these services. Payments for services provided are either withdrawn from client accounts as services are rendered or in the billing period following the completion of the service. The transaction price for each of these fees is based on the Company’s predetermined fee schedules. Service charges on deposits are recognized in the CB&W and C&CB operating segments. Card and payment related fees include interchange fees from credit and debit cards, merchant acquirer revenue, and other card related services. Interchange fees are earned by the Company each time a request for payment is initiated by a client at a merchant for which the Company transfers the funds on behalf of the client. Interchange rates are set by the payment network and are based on purchase volumes and other factors. Interchange fees are received daily and recognized at a point in time when the card transaction is processed, which represents the Company’s related performance obligation. The Company is considered an agent of the client and incurs costs with the payment network to facilitate the interchange with the merchant; therefore, the related payment network expense is recognized as a reduction of card fees. Truist also offers rewards and/or rebates to its client based on card usage. The costs associated with these programs are recognized as a reduction of card fees. Card and payment related fees are recognized in the CB&W and C&CB operating segments.
Earnings Per Share	Earnings Per Share Basic EPS is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during each period. Diluted EPS is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during each period, plus common share equivalents calculated for stock options, warrants, and restricted stock outstanding using the treasury stock method. For additional information on the Company’s EPS, see “Note 20. Computation of EPS.”
Related Party Transaction	Related Party Transactions The Company periodically enters into transactions with certain of its executive officers, directors, affiliates, trusts, and/or other related parties in its ordinary course of business. The Company is required to disclose material related party transactions, other than certain compensation and other arrangements entered into in the normal course of business. For additional information on the Company’s benefit plans and VIEs, see “Note 15. Benefit Plans” and “Note 16. Commitments and Contingencies.”
Subsequent Events, Policy	Subsequent Events The Company evaluated events that occurred between December 31, 2022 and the date the accompanying financial statements were issued, and there were no material events, other than those already discussed, that would require recognition in the Company’s Consolidated Financial Statements or disclosure in the accompanying Notes.
Changes in Accounting Principles and Effects of New Accounting Pronouncements	Standard / Adoption Date Description Effects on the Financial Statements Standards Adopted During the Current Year Reference Rate Reform / December 21, 2022 Defers the sunset date of LIBOR from December 31, 2022 to December 31, 2024. The standard was issued December 21, 2022 and was effective immediately. There were no material impacts on the Company’s consolidated financial statements when the standard was adopted. Standards Not Yet Adopted Troubled Debt Restructurings and Vintage Disclosures Eliminates TDRs, while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors made to borrowers experiencing financial difficulty. Additionally, requires disclosure of current-period gross write-offs by year of origination for financing receivables and net investment in leases. During the fourth quarter of 2022, Truist initiated a dry run that was designed to assess the reporting process, and to assist in the development of a consolidated reporting approach. The Company anticipates performing a more comprehensive dry run exercise during the first quarter. Upon adoption, the Company will eliminate the separate ACL estimation process for loans classified as TDRs. The Company does not expect this change to have a material impact on its consolidated financial statements. The Company will revise disclosures in accordance with the new standard in the first quarter of 2023. Fair Value Hedging – Portfolio Layer Method Introduces the portfolio layer method, which expands the current single-layer method to allow multiple hedged layers of a single closed portfolio. Additionally, expands the scope of the portfolio layer method to include non-prepayable assets, specifies eligible hedging instruments in a single-layer hedge, provides additional guidance on the accounting for and disclosure of hedge basis adjustments under the portfolio layer method and specifies how hedge basis adjustments should be considered when determining credit losses for the assets included in the closed portfolio. Truist is continuing to evaluate the use of the portfolio layer method in its hedging programs, although future use of the standard is dependent on its asset-liability management strategies in the context of the then current interest rate outlook. Truist does not believe adoption of the standard, which along with required disclosures will be reflected in the Company’s first quarter 2023 financial statements, will have a material impact on its active last-of-layer hedges.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	12 Months Ended
Basis of Presentation (Tables)	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Loans and Leases Past Due Policies	The following table summarizes the delinquency thresholds that are a factor used in evaluating nonperforming classification and the timing of charge-off evaluations: (number of days) Placed on Nonperforming (1) (2) Evaluated for Charge-off (2) Commercial: Commercial and industrial 90 (3) 90 (3) CRE 90 (3) 90 (3) Commercial construction 90 (3) 90 (3) Consumer: Residential mortgage (4) 90 to 180 90 to 180 Residential home equity and direct (4) 90 to 120 90 to 180 Indirect auto (4) 90 120 Indirect other (4) 90 to 120 90 to 120 Student (5) (6) NA 120 to 180 Credit card (7) NA 90 to 180 (1) Loans may be returned to performing status when (i) the borrower has resumed paying the full amount of the scheduled contractual interest and principal payments, (ii) management concludes that all principal and interest amounts contractually due (including arrearages) are reasonably assured of repayment, and (iii) there is a sustained period of repayment performance, generally a minimum of six months. (2) The timing of nonaccrual and charge-off evaluations are accelerated in circumstances where the borrower has filed for bankruptcy. (3) Or when it is probable that principal or interest is not fully collectible, whichever occurs first. (4) Depends on product type, loss mitigation status, status of the government guaranty, if applicable, and certain other product-specific factors. (5) Student loans are not placed in nonperforming status, which reflects consideration of governmental guarantees or accelerated charge-off policies related to certain non-guaranteed portfolios. (6) Government guaranteed loans are considered to be in default once they reach 270 days past due and claims are generally filed once the loans reaches 365 days past due. The non-guaranteed balance, which ranges from 2-3%, is charged off once the claim proceeds related to the guaranteed portion have been received, which typically occurs no later than 365 days past due. (7) Credit cards are generally not placed on nonperforming status, but are fully charged off at specified delinquency dates consistent with regulatory guidelines.
Summary of Commercial Loans and Leases Risk Ratings	The following table summarizes risk ratings that Truist uses to monitor credit quality in its commercial portfolio: Risk Rating Description Pass Loans not considered to be problem credits Special Mention Loans that have a potential weakness deserving management’s close attention Substandard Loans for which a well-defined weakness has been identified that may put full collection of contractual cash flows at risk Nonperforming Loans for which full collection of principal and interest is not considered probable
Summary of Derivative Strategies	Below is a summary of the cash flow and fair value hedge programs utilized by Truist: Cash Flow Hedges Fair Value Hedges Risk exposure Variability in cash flows of interest payments on floating rate loans, overnight funding, and various LIBOR and successor rate funding instruments. Changes in value on fixed rate long-term debt, FHLB advances, loans and AFS securities due to changes in interest rates. Risk management objective Hedge the variability in the interest payments and receipts on future cash flows for forecasted transactions related to the first unhedged payments and receipts of variable interest due to changes in the contractually specified interest rate. Convert the fixed rate paid or received to a floating rate, primarily through the use of swaps. Treatment during the hedge period Changes in value of the hedging instruments are recognized in AOCI until the related cash flows from the hedged item are recognized in earnings. The amount reclassified to earnings is recorded in the same line item as the earnings effect of the hedged item. Changes in value of both the hedging instruments and the assets or liabilities being hedged are recognized in the income statement line item associated with the asset or liability being hedged. Treatment if hedge ceases to be highly effective or is terminated Hedge is dedesignated. Changes in value recorded in AOCI before dedesignation are amortized to yield over the period the forecasted hedged transactions impact earnings. If hedged item remains outstanding, the basis adjustment that resulted from hedging is amortized into earnings over the designated hedged period or the maturity date of the instrument, and cash flows from terminated hedges are reported in the same category as the cash flows from the hedged item. Treatment if transaction is no longer probable of occurring during forecast period or within a short period thereafter Hedge accounting ceases and any gain or loss in AOCI is recognized in earnings immediately. Not applicable
Changes in Accounting Principles and Effects of New Accounting Pronouncements	Standard / Adoption Date Description Effects on the Financial Statements Standards Adopted During the Current Year Reference Rate Reform / December 21, 2022 Defers the sunset date of LIBOR from December 31, 2022 to December 31, 2024. The standard was issued December 21, 2022 and was effective immediately. There were no material impacts on the Company’s consolidated financial statements when the standard was adopted. Standards Not Yet Adopted Troubled Debt Restructurings and Vintage Disclosures Eliminates TDRs, while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors made to borrowers experiencing financial difficulty. Additionally, requires disclosure of current-period gross write-offs by year of origination for financing receivables and net investment in leases. During the fourth quarter of 2022, Truist initiated a dry run that was designed to assess the reporting process, and to assist in the development of a consolidated reporting approach. The Company anticipates performing a more comprehensive dry run exercise during the first quarter. Upon adoption, the Company will eliminate the separate ACL estimation process for loans classified as TDRs. The Company does not expect this change to have a material impact on its consolidated financial statements. The Company will revise disclosures in accordance with the new standard in the first quarter of 2023. Fair Value Hedging – Portfolio Layer Method Introduces the portfolio layer method, which expands the current single-layer method to allow multiple hedged layers of a single closed portfolio. Additionally, expands the scope of the portfolio layer method to include non-prepayable assets, specifies eligible hedging instruments in a single-layer hedge, provides additional guidance on the accounting for and disclosure of hedge basis adjustments under the portfolio layer method and specifies how hedge basis adjustments should be considered when determining credit losses for the assets included in the closed portfolio. Truist is continuing to evaluate the use of the portfolio layer method in its hedging programs, although future use of the standard is dependent on its asset-liability management strategies in the context of the then current interest rate outlook. Truist does not believe adoption of the standard, which along with required disclosures will be reflected in the Company’s first quarter 2023 financial statements, will have a material impact on its active last-of-layer hedges.

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
Business Combinations (Tables)	Dec. 31, 2022
Business Combinations [Abstract]
Business Combination, Segment Allocation	The following table provides additional details related to these acquisitions and the fair value of certain tangible and intangible assets as of the acquisition date: Acquiree (Dollars in millions) BankDirect Capital Finance (2) BenefitMall (2) Kensington Vanguard National Land Services Service Finance, LLC Constellation Affiliated Partners Date acquired Nov 1, 2022 Sep 1, 2022 Mar 1, 2022 Dec 6, 2021 Jul 1, 2021 Segment IH IH IH CB&W IH Strategic rationale Increases scale and product offerings for premium finance business Broadens products and services within benefit wholesale insurance business Expands presence in the title insurance market Expands point of sale lending capabilities Expands offerings to further build out national programs business Loans and leases $ 3,067 $ — $ — $ 145 $ — Intangible assets (1) 111 336 138 1,167 394 Goodwill 188 527 197 647 585 (1) The identifiable intangible assets are being amortized over a weighted average term of 15 years based on the estimated duration of economic benefits received. (2) Fair value estimates related to the acquired assets and liabilities are subject to adjustment during the one-year measurement period following the closing of the acquisition.

Securities Financing Activiti_2

Securities Financing Activities (Tables)	12 Months Ended
Securities Financing Activities (Tables)	Dec. 31, 2022
Offsetting [Abstract]
Schedule of Resell Agreements	The following table presents securities borrowed or purchased under agreements to resell: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Securities purchased under agreements to resell $ 2,415 $ 3,460 Securities borrowed 766 568 Total securities borrowed or purchased under agreements to resell $ 3,181 $ 4,028 Fair value of collateral permitted to be resold or repledged $ 3,058 $ 4,005 Fair value of securities resold or repledged 864 1,141
Schedule of Repurchase Agreements	The following table presents the Company’s related activity, by collateral type and remaining contractual maturity: December 31, 2022 December 31, 2021 (Dollars in millions) Overnight and Continuous Up to 30 days Total Overnight and Continuous Up to 30 days Total U.S. Treasury $ 318 $ — $ 318 $ 749 $ 409 $ 1,158 State and Municipal 272 — 272 — — — GSE 74 — 74 53 25 78 Agency MBS - residential 1,019 26 1,045 720 141 861 Corporate and other debt securities 369 50 419 213 125 338 Total securities sold under agreements to repurchase $ 2,052 $ 76 $ 2,128 $ 1,735 $ 700 $ 2,435

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
Investment Securities (Tables)	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Summary of AFS and HTM Securities	The following tables summarize the Company’s AFS and HTM securities: December 31, 2022 Amortized Cost Gross Unrealized Fair Value Gains Losses AFS securities: U.S. Treasury $ 11,080 $ — $ 785 $ 10,295 GSE 339 — 36 303 Agency MBS - residential 65,377 — 10,152 55,225 Agency MBS - commercial 2,887 — 463 2,424 States and political subdivisions 425 15 24 416 Non-agency MBS 3,927 — 810 3,117 Other 21 — — 21 Total AFS securities $ 84,056 $ 15 $ 12,270 $ 71,801 HTM securities: Agency MBS - residential $ 57,713 $ — $ 9,922 $ 47,791 December 31, 2021 Amortized Cost Gross Unrealized Fair Value Gains Losses AFS securities: U.S. Treasury $ 9,892 $ 9 $ 106 $ 9,795 GSE 1,667 33 2 1,698 Agency MBS - residential 135,886 656 2,500 134,042 Agency MBS - commercial 2,928 18 64 2,882 States and political subdivisions 382 39 1 420 Non-agency MBS 4,305 — 47 4,258 Other 28 — — 28 Total AFS securities $ 155,088 $ 755 $ 2,720 $ 153,123 HTM securities: Agency MBS - residential $ 1,494 $ 1 $ — $ 1,495
Schedule of MBS issued by FNMA and FHLMC that exceed 10% of shareholders equity	The amortized cost and estimated fair value of certain MBS securities issued by FNMA and FHLMC that exceeded 10% of shareholders’ equity are shown in the table below: December 31, 2022 (Dollars in millions) Amortized Cost Fair Value FNMA $ 42,312 $ 35,446 FHLMC 42,837 35,632
Schedule of Amortized Cost and Estimated Fair Value by Contractual Maturity	The amortized cost and estimated fair value of the securities portfolio by contractual maturity are shown in the following table. The expected life of MBS may be shorter than the contractual maturities because borrowers may have the right to prepay their obligations with or without penalties. Amortized Cost Fair Value December 31, 2022 Due in one year or less Due after one year through five years Due after five years through ten years Due after ten years Total Due in one year or less Due after one year through five years Due after five years through ten years Due after ten years Total AFS securities: U.S. Treasury $ 1,655 $ 8,876 $ 520 $ 29 $ 11,080 $ 1,619 $ 8,196 $ 455 $ 25 $ 10,295 GSE — 7 11 321 339 — 7 10 286 303 Agency MBS - residential — 16 569 64,792 65,377 — 15 534 54,676 55,225 Agency MBS - commercial 1 7 72 2,807 2,887 1 7 66 2,350 2,424 States and political subdivisions 3 73 160 189 425 3 72 165 176 416 Non-agency MBS — — — 3,927 3,927 — — — 3,117 3,117 Other 6 — 15 — 21 6 — 15 — 21 Total AFS securities $ 1,665 $ 8,979 $ 1,347 $ 72,065 $ 84,056 $ 1,629 $ 8,297 $ 1,245 $ 60,630 $ 71,801 HTM securities: Agency MBS - residential $ — $ — $ — $ 57,713 $ 57,713 $ — $ — $ — $ 47,791 $ 47,791
Schedule of Fair Values and Gross Unrealized Losses	The following tables present the fair values and gross unrealized losses of investments based on the length of time that individual securities have been in a continuous unrealized loss position: Less than 12 months 12 months or more Total December 31, 2022 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses AFS securities: U.S. Treasury $ 2,069 $ 49 $ 8,186 $ 736 $ 10,255 $ 785 GSE 180 14 114 22 294 36 Agency MBS - residential 25,041 3,263 30,050 6,889 55,091 10,152 Agency MBS - commercial 790 92 1,631 371 2,421 463 States and political subdivisions 251 21 20 3 271 24 Non-agency MBS — — 3,117 810 3,117 810 Other 21 — — — 21 — Total $ 28,352 $ 3,439 $ 43,118 $ 8,831 $ 71,470 $ 12,270 HTM securities: Agency MBS - residential $ 29,369 $ 5,613 $ 18,422 $ 4,309 $ 47,791 $ 9,922 Less than 12 months 12 months or more Total December 31, 2021 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses AFS securities: U.S. Treasury $ 8,412 $ 88 $ 582 $ 18 $ 8,994 $ 106 GSE 104 2 — — 104 2 Agency MBS - residential 101,262 2,377 2,638 123 103,900 2,500 Agency MBS - commercial 1,749 50 413 14 2,162 64 States and political subdivisions — — 22 1 22 1 Non-agency MBS 4,258 47 — — 4,258 47 Other 6 — — — 6 — Total $ 115,791 $ 2,564 $ 3,655 $ 156 $ 119,446 $ 2,720
Schedule of Realized Gain (Loss)	The following table presents gross securities gains and losses recognized in earnings: (Dollars in millions) Year Ended December 31, 2022 2021 2020 Gross realized gains $ 13 $ — $ 404 Gross realized losses (84) — (2) Securities gains (losses), net $ (71) $ — $ 402

Loans and ACL (Tables)

Loans and ACL (Tables)	12 Months Ended
Loans and ACL (Tables)	Dec. 31, 2022
Receivables [Abstract]
Aging Analysis of Past Due Loans and Leases	The following tables present loans and leases HFI by aging category. Government guaranteed loans are not placed on nonperforming status regardless of delinquency because collection of principal and interest is reasonably assured. Accruing December 31, 2022 Current 30-89 Days Past Due 90 Days Or More Past Due (1) Nonperforming Total Commercial: Commercial and industrial $ 163,604 $ 256 $ 49 $ 398 $ 164,307 CRE 22,568 25 1 82 22,676 Commercial construction 5,844 5 — — 5,849 Consumer: Residential mortgage 55,005 614 786 240 56,645 Residential home equity and direct 25,117 127 15 173 25,432 Indirect auto 27,015 646 1 289 27,951 Indirect other 12,833 128 10 6 12,977 Student 4,179 402 706 — 5,287 Credit card 4,766 64 37 — 4,867 Total $ 320,931 $ 2,267 $ 1,605 $ 1,188 $ 325,991 (1) Includes government guaranteed loans of $759 million in the residential mortgage portfolio and $702 million in the student portfolio. Accruing December 31, 2021 Current 30-89 Days Past Due 90 Days Or More Past Due (1) Nonperforming Total Commercial: Commercial and industrial $ 138,225 $ 130 $ 13 $ 394 $ 138,762 CRE 23,902 20 — 29 23,951 Commercial construction 4,962 2 — 7 4,971 Consumer: Residential mortgage 46,033 514 1,009 296 47,852 Residential home equity and direct 24,809 107 9 141 25,066 Indirect auto 25,615 607 1 218 26,441 Indirect other 10,811 64 3 5 10,883 Student 5,357 555 868 — 6,780 Credit card 4,735 45 27 — 4,807 Total $ 284,449 $ 2,044 $ 1,930 $ 1,090 $ 289,513 (1) Includes government guaranteed loans of $978 million in the residential mortgage portfolio and $864 million in the student portfolio.
Schedule of Carrying Amounts by Risk Rating	The following tables present the amortized cost basis of loans by origination year and credit quality indicator: December 31, 2022 Amortized Cost Basis by Origination Year Revolving Credit Loans Converted to Term Other (1) 2022 2021 2020 2019 2018 Prior Total Commercial: Commercial and industrial: Pass $ 45,890 $ 21,642 $ 11,219 $ 8,258 $ 4,977 $ 9,686 $ 57,854 $ — $ (199) $ 159,327 Special mention 243 302 143 160 61 88 721 — — 1,718 Substandard 518 387 113 413 249 187 997 — — 2,864 Nonperforming 47 53 10 28 46 27 187 — — 398 Total 46,698 22,384 11,485 8,859 5,333 9,988 59,759 — (199) 164,307 CRE: Pass 6,141 3,595 2,220 3,846 2,092 2,265 757 — (70) 20,846 Special mention 106 118 74 229 281 5 18 — — 831 Substandard 106 99 35 422 121 134 — — — 917 Nonperforming — 3 — — 77 2 — — — 82 Total 6,353 3,815 2,329 4,497 2,571 2,406 775 — (70) 22,676 Commercial construction: Pass 1,501 1,500 825 290 212 71 1,056 — — 5,455 Special mention 80 — 93 — — — 35 — — 208 Substandard 114 — 18 1 53 — — — — 186 Total 1,695 1,500 936 291 265 71 1,091 — — 5,849 Consumer: Residential mortgage: Current 13,824 17,340 6,167 3,084 1,384 13,206 — — — 55,005 30 - 89 days past due 55 61 32 37 43 386 — — — 614 90 days or more past due 5 31 62 62 91 535 — — — 786 Nonperforming 4 6 10 12 17 191 — — — 240 Total 13,888 17,438 6,271 3,195 1,535 14,318 — — — 56,645 Residential home equity and direct: Current 5,111 3,130 1,481 834 296 297 10,121 3,847 — 25,117 30 - 89 days past due 12 16 8 7 2 2 58 22 — 127 90 days or more past due 1 — — — — — 11 3 — 15 Nonperforming 4 11 6 7 2 6 46 91 — 173 Total 5,128 3,157 1,495 848 300 305 10,236 3,963 — 25,432 Indirect auto: Current 11,646 7,141 4,105 2,461 1,096 559 — — 7 27,015 30 - 89 days past due 147 174 111 100 60 54 — — — 646 90 days or more past due 1 — — — — — — — — 1 Nonperforming 41 77 56 56 34 25 — — — 289 Total 11,835 7,392 4,272 2,617 1,190 638 — — 7 27,951 Indirect other: Current 6,159 2,675 1,686 980 569 764 — — — 12,833 30 - 89 days past due 56 28 18 13 8 5 — — — 128 90 days or more past due 7 1 1 1 — — — — — 10 Nonperforming — — 2 2 — 2 — — — 6 Total 6,222 2,704 1,707 996 577 771 — — — 12,977 Student: Current — — 17 71 57 4,034 — — — 4,179 30 - 89 days past due — — — 1 1 400 — — — 402 90 days or more past due — — — 1 1 704 — — — 706 Total — — 17 73 59 5,138 — — — 5,287 Credit card: Current 4,750 16 — 4,766 30 - 89 days past due 63 1 — 64 90 days or more past due 36 1 — 37 Total — — — — — — 4,849 18 — 4,867 Total $ 91,819 $ 58,390 $ 28,512 $ 21,376 $ 11,830 $ 33,635 $ 76,710 $ 3,981 $ (262) $ 325,991 December 31, 2021 Amortized Cost Basis by Origination Year Revolving Credit Loans Converted to Term Other (1) 2021 2020 2019 2018 2017 Prior Total Commercial: Commercial and industrial: Pass $ 35,530 $ 17,430 $ 14,105 $ 8,994 $ 5,633 $ 9,424 $ 43,035 $ — $ (169) $ 133,982 Special mention 195 221 326 317 46 70 691 — — 1,866 Substandard 352 356 395 197 91 335 794 — — 2,520 Nonperforming 50 19 49 42 16 34 184 — — 394 Total 36,127 18,026 14,875 9,550 5,786 9,863 44,704 — (169) 138,762 CRE: Pass 4,836 2,946 5,109 3,201 1,774 2,131 762 — (61) 20,698 Special mention 13 118 483 247 44 83 — — — 988 Substandard 321 264 523 528 321 279 — — — 2,236 Nonperforming 1 1 11 — 9 7 — — — 29 Total 5,171 3,329 6,126 3,976 2,148 2,500 762 — (61) 23,951 Commercial construction: Pass 1,113 1,179 1,259 419 44 95 558 — 12 4,679 Special mention — 14 72 50 — — — — — 136 Substandard 7 13 45 67 17 — — — — 149 Nonperforming — — 1 — 5 — — — 1 7 Total 1,120 1,206 1,377 536 66 95 558 — 13 4,971 Consumer: Residential mortgage: Current 17,271 6,798 3,642 1,753 2,237 14,240 — — 92 46,033 30 - 89 days past due 58 31 32 40 31 322 — — — 514 90 or more days past due 3 44 91 133 95 643 — — — 1,009 Nonperforming 1 5 18 27 20 226 — — (1) 296 Total 17,333 6,878 3,783 1,953 2,383 15,431 — — 91 47,852 Residential home equity and direct: Current 4,962 2,630 1,717 691 189 425 10,757 3,388 50 24,809 30 - 89 days past due 8 8 10 3 1 3 53 21 — 107 90 days or more past due — — — — — — 5 4 — 9 Nonperforming 2 3 4 1 — 7 48 75 1 141 Total 4,972 2,641 1,731 695 190 435 10,863 3,488 51 25,066 Indirect auto: Current 10,699 6,691 4,293 2,158 1,081 504 — — 189 25,615 30 - 89 days past due 119 138 145 97 56 52 — — — 607 90 days or more past due — — — — — 1 — — — 1 Nonperforming 28 48 61 41 21 19 — — — 218 Total 10,846 6,877 4,499 2,296 1,158 576 — — 189 26,441 Indirect other: Current 4,333 2,724 1,638 937 455 691 — — 33 10,811 30 - 89 days past due 14 15 15 12 4 4 — — — 64 90 days or more past due 1 1 1 — — — — — — 3 Nonperforming 1 1 1 — — 2 — — — 5 Total 4,349 2,741 1,655 949 459 697 — — 33 10,883 Student: Current — 21 88 73 61 5,122 — — (8) 5,357 30 - 89 days past due — — 1 1 1 552 — — — 555 90 days or more past due — — — — 1 867 — — — 868 Total — 21 89 74 63 6,541 — — (8) 6,780 Credit card: Current 4,711 24 — 4,735 30 - 89 days past due 43 2 — 45 90 days or more past due 26 1 — 27 Total — — — — — — 4,780 27 — 4,807 Total $ 79,918 $ 41,719 $ 34,135 $ 20,029 $ 12,253 $ 36,138 $ 61,667 $ 3,515 $ 139 $ 289,513 (1) Includes certain deferred fees and costs and other adjustments.
Summary of Allowance for Credit Losses	The following tables present activity in the ACL: (Dollars in millions) Balance at Jan 1, 2020 Charge-Offs Recoveries Provision (Benefit) Other (1) Balance at Dec 31, 2020 Commercial: Commercial and industrial $ 570 $ (412) $ 96 $ 952 $ 998 $ 2,204 CRE 150 (78) 5 414 82 573 Commercial construction 52 (30) 11 32 16 81 Consumer: Residential mortgage 176 (56) 10 (27) 265 368 Residential home equity and direct 107 (231) 66 318 454 714 Indirect auto 304 (378) 87 367 818 1,198 Indirect other 60 (60) 23 35 150 208 Student — (23) 1 23 129 130 Credit card 122 (182) 32 212 175 359 PCI 8 — — — (8) — ALLL 1,549 (1,450) 331 2,326 3,079 5,835 RUFC 340 — — 9 15 364 ACL $ 1,889 $ (1,450) $ 331 $ 2,335 $ 3,094 $ 6,199 (Dollars in millions) Balance at Jan 1, 2021 Charge-Offs Recoveries Provision (Benefit) Other (1) Balance at Dec 31, 2021 Commercial: Commercial and industrial $ 2,204 $ (243) $ 107 $ (642) $ — $ 1,426 CRE 573 (10) 6 (219) — 350 Commercial construction 81 (2) 4 (31) — 52 Consumer: Residential mortgage 368 (23) 12 (49) — 308 Residential home equity and direct 714 (214) 79 36 — 615 Indirect auto 1,198 (336) 92 68 — 1,022 Indirect other 208 (57) 24 20 — 195 Student 130 (24) 1 4 6 117 Credit card 359 (150) 37 104 — 350 ALLL 5,835 (1,059) 362 (709) 6 4,435 RUFC 364 — — (104) — 260 ACL $ 6,199 $ (1,059) $ 362 $ (813) $ 6 $ 4,695 (Dollars in millions) Balance at Jan 1, 2022 Charge-Offs Recoveries Provision (Benefit) Other (1) Balance at Dec 31, 2022 Commercial: Commercial and industrial $ 1,426 $ (143) $ 87 $ 39 $ — $ 1,409 CRE 350 (13) 8 (121) — 224 Commercial construction 52 (1) 5 (10) — 46 Consumer: Residential mortgage 308 (9) 16 84 — 399 Residential home equity and direct 615 (294) 81 147 — 549 Indirect auto 1,022 (411) 91 279 — 981 Indirect other 195 (100) 23 193 — 311 Student 117 (22) 1 2 — 98 Credit card 350 (176) 34 152 — 360 ALLL 4,435 (1,169) 346 765 — 4,377 RUFC 260 — — 12 — 272 ACL $ 4,695 $ (1,169) $ 346 $ 777 $ — $ 4,649 (1) Includes the amounts for the ALLL for PCD acquisitions, and other activity.
Financing Receivable, Nonperforming	NPAs The following table provides a summary of nonperforming loans and leases, excluding LHFS: December 31, 2022 December 31, 2021 Recorded Investment Recorded Investment (Dollars in millions) Without an ALLL With an ALLL Without an ALLL With an ALLL Commercial: Commercial and industrial $ 120 $ 278 $ 125 $ 269 CRE 75 7 12 17 Commercial construction — — — 7 Consumer: Residential mortgage 4 236 4 292 Residential home equity and direct 2 171 3 138 Indirect auto 3 286 1 217 Indirect other — 6 — 5 Total $ 204 $ 984 $ 145 $ 945
Selected Information About Nonperforming Assets	The following table presents a summary of nonperforming assets and residential mortgage loans in the process of foreclosure: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Nonperforming loans and leases HFI $ 1,188 $ 1,090 Nonperforming LHFS — 22 Foreclosed real estate 4 8 Other foreclosed property 58 43 Total nonperforming assets $ 1,250 $ 1,163 Residential mortgage loans in the process of foreclosure $ 248 $ 135
Schedule of Performing and Nonperforming TDRs	TDRs The following table presents a summary of TDRs: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Performing TDRs: Commercial: Commercial and industrial $ 136 $ 147 CRE 5 5 Commercial construction 1 — Consumer: Residential mortgage 1,252 692 Residential home equity and direct 76 98 Indirect auto 462 389 Indirect other 6 7 Student 30 25 Credit card 18 27 Total performing TDRs 1,986 1,390 Nonperforming TDRs 214 152 Total TDRs $ 2,200 $ 1,542 ALLL attributable to TDRs $ 152 $ 102
Summary Of Primary Reason Loan Modifications Were Classified as TDRs	The primary type of modification for newly designated TDRs is summarized in the tables below. New TDR balances represent the recorded investment at the end of the quarter in which the modification was made. The prior quarter balance represents recorded investment at the beginning of the quarter in which the modification was made. Rate modifications consist of TDRs made with below market interest rates, including those that also have modifications of loan structures. As of / For the Year Ended December 31, 2022 (Dollars in millions) Type of Modification Prior Quarter Loan Balance Related ALLL at Period End Rate Structure Newly designated TDRs: Commercial $ 66 $ 10 $ 78 $ 9 Consumer 496 627 1,107 56 Credit card 8 — 8 4 Re-modification of previously designated TDRs 113 133 As of / For the Year Ended December 31, 2021 Type of Modification Prior Quarter Loan Balance Related ALLL at Period End (Dollars in millions) Rate Structure Newly designated TDRs: Commercial $ 35 $ 130 $ 193 $ 17 Consumer 284 312 606 36 Credit card 11 — 12 5 Re-modification of previously designated TDRs 61 38 As of / For the Year Ended December 31, 2020 Type of Modification Prior Quarter Loan Balance ALLL at Period End (Dollars in millions) Rate Structure Newly designated TDRs: Commercial $ 89 $ 176 $ 290 $ 24 Consumer 543 240 797 49 Credit card 29 — 28 10 Re-modification of previously designated TDRs 41 22
Selected Information About Loans And Leases Unearned	The following table presents additional information about loans and leases: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Unearned income, discounts, and net deferred loan fees and costs $ 269 $ 849

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	12 Months Ended
Property, Plant, and Equipment (Tables)	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Summary of Premises and Equipment	A summary of premises and equipment is presented in the accompanying table: December 31, Estimated Useful Life 2022 2021 Land and land improvements Indefinite $ 777 $ 863 Buildings and building improvements 40 years 2,474 2,602 Furniture and equipment 3 - 15 1,706 1,656 Leasehold improvements 928 910 Construction in progress 211 247 Finance leases 37 35 Total 6,133 6,313 Less: Accumulated depreciation (2,528) (2,613) Net premises and equipment $ 3,605 $ 3,700

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
Goodwill and Other Intangible Assets (Tables)	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Carrying Amounts of Goodwill Attributable to Operating Segments	The changes in the carrying amount of goodwill attributable to operating segments are reflected in the table below. Activity during 2022 reflects the acquisition of BankDirect Capital Finance, BenefitMall, and Kensington Vanguard National Land Services. Activity during 2021 primarily reflects the acquisitions of Service Finance, LLC and Constellation Affiliated Partners. Refer to “Note 2. Business Combinations” for additional information on the acquisitions and “Note 21. Operating Segments” for additional information on segments. (Dollars in millions) CB&W C&CB IH Total Goodwill, January 1, 2021 $ 15,841 $ 6,167 $ 2,439 $ 24,447 Mergers and acquisitions 1,168 — 556 1,724 Adjustments and other (139) (18) 84 (73) Goodwill, December 31, 2021 16,870 6,149 3,079 26,098 Mergers and acquisitions — — 912 912 Adjustments and other (5) 5 3 3 Goodwill, December 31, 2022 $ 16,865 $ 6,154 $ 3,994 $ 27,013
Identifiable Intangible Assets Subject to Amortization	The following table, which excludes fully amortized intangibles, presents information for identifiable intangible assets: December 31, 2022 December 31, 2021 (Dollars in millions) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount CDI $ 2,473 $ (1,403) $ 1,070 $ 2,563 $ (1,190) $ 1,373 Other, primarily client relationship intangibles 3,812 (1,210) 2,602 3,116 (1,081) 2,035 Total $ 6,285 $ (2,613) $ 3,672 $ 5,679 $ (2,271) $ 3,408
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The following table presents the estimated amortization expense of identifiable intangibles as of December 31, 2022 for the next five years and thereafter: (Dollars in millions) 2023 2024 2025 2026 2027 Thereafter Estimated amortization expense $ 536 $ 477 $ 420 $ 372 $ 335 $ 1,532

Loan Servicing (Tables)

Loan Servicing (Tables)	12 Months Ended
Loan Servicing (Tables)	Dec. 31, 2022
Transfers and Servicing [Abstract]
Summary of Residential Mortgage Banking Activities	The following tables summarize residential mortgage servicing activities: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 UPB of residential mortgage loan servicing portfolio $ 274,028 $ 246,727 $ 239,034 UPB of residential mortgage loans serviced for others, primarily agency conforming fixed rate 217,046 196,011 188,341 Mortgage loans sold with recourse 200 244 328 Maximum recourse exposure from mortgage loans sold with recourse liability 127 155 201 Indemnification, recourse and repurchase reserves 56 74 93 As of / For the Year Ended December 31, 2022 2021 2020 UPB of residential mortgage loans sold from LHFS $ 26,643 $ 40,949 $ 48,366 Pre-tax gains recognized on mortgage loans sold and held for sale 69 446 1,034 Servicing fees recognized from mortgage loans serviced for others 630 592 630 Approximate weighted average servicing fee on the outstanding balance of residential mortgage loans serviced for others 0.31 % 0.31 % 0.32 % Weighted average interest rate on mortgage loans serviced for others 3.48 3.44 3.84
Analysis of Activity in Residential MSRs	The following table presents a roll forward of the carrying value of residential MSRs recorded at fair value: (Dollars in millions) 2022 2021 2020 Residential MSRs, carrying value, January 1 $ 2,305 $ 1,778 $ 2,371 Acquired 321 355 — Additions 428 640 653 Change in fair value due to changes in valuation inputs or assumptions 766 225 (497) Realization of expected net servicing cash flows, passage of time and other (392) (693) (749) Residential MSRs, carrying value, December 31 $ 3,428 $ 2,305 $ 1,778
Residential MSRs Sensitivity	The sensitivity of the fair value of the Company’s residential MSRs to changes in key assumptions is presented in the following table: December 31, 2022 December 31, 2021 Range Weighted Average Range Weighted Average (Dollars in millions) Min Max Min Max Prepayment speed 8.6 % 12.5 % 9.0 % 11.4 % 15.3 % 13.8 % Effect on fair value of a 10% increase $ (110) $ (113) Effect on fair value of a 20% increase (211) (216) OAS 1.2 % 11.4 % 4.0 % 1.5 % 10.7 % 4.2 % Effect on fair value of a 10% increase $ (55) $ (37) Effect on fair value of a 20% increase (108) (73) Composition of loans serviced for others: Fixed-rate residential mortgage loans 99.5 % 99.3 % Adjustable-rate residential mortgage loans 0.5 0.7 Total 100.0 % 100.0 % Weighted average life 6.8 years 5.2 years
Summary of Commercial Mortgage Banking Activities	The following table summarizes commercial mortgage servicing activities: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 UPB of CRE mortgages serviced for others $ 36,622 $ 37,960 CRE mortgages serviced for others covered by recourse provisions 9,955 10,243 Maximum recourse exposure from CRE mortgages sold with recourse liability 2,861 2,958 Recorded reserves related to recourse exposure 17 16 CRE mortgages originated during the year-to-date period 7,779 9,380 Commercial MSRs at fair value 301 280 Other Servicing Activities The Company had $29 million and $48 million of other loan servicing rights at fair value as of December 31, 2022 and December 31, 2021, respectively.

Other Assets and Liabilites (Ta

Other Assets and Liabilites (Tables)	12 Months Ended
Other Assets and Liabilites (Tables)	Dec. 31, 2022
Other Assets [Abstract]
Lessee, Operating Lease, Liability, Maturity	The following tables present additional information on leases, excluding leases related to the lease financing businesses: December 31, 2022 December 31, 2021 (Dollars in millions) Operating Leases Finance Leases Operating Leases Finance Leases ROU assets $ 1,193 $ 20 $ 1,168 $ 22 Maturities of lease liabilities: 2023 $ 311 $ 4 2024 304 5 2025 269 5 2026 218 4 2027 183 3 Thereafter 433 4 Total lease payments 1,718 25 $ 1,715 $ 29 Less: imputed interest 173 2 115 3 Total lease liabilities $ 1,545 $ 23 $ 1,600 $ 26 Weighted average remaining term 6.6 years 5.6 years 6.6 years 6.4 years Weighted average discount rate 2.7 % 3.4 % 2.3 % 3.5 % Year Ended December 31, (Dollars in millions) 2022 2021 2020 Operating lease costs $ 328 $ 319 $ 360
Schedule of Assets Held Under Operating Leases and Related Activities	The following table presents a summary of assets under operating leases. This table excludes subleases on assets included in premises and equipment. (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Assets held under operating leases (1) $ 2,090 $ 2,110 Accumulated depreciation (550) (539) Net $ 1,540 $ 1,571

Deposits (Tables)

Deposits (Tables)	12 Months Ended
Deposits (Tables)	Dec. 31, 2022
Deposits [Abstract]
Summary of Deposits	The composition of deposits is presented in the following table: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Noninterest-bearing deposits $ 135,742 $ 145,892 Interest-bearing deposits: Interest checking 110,464 115,754 Money market and savings 143,815 138,956 Time deposits 23,474 15,886 Total deposits $ 413,495 $ 416,488 Time deposits greater than $250,000 $ 8,205 $ 2,187
Time Deposit Maturities	The following table presents time deposit maturities: (Dollars in millions) 2023 2024 2025 2026 2027 Thereafter Future time deposit maturities $ 21,458 $ 1,123 $ 369 $ 254 $ 261 $ 9

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
Borrowings (Tables)	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Short-term Debt	The following table presents a summary of short-term borrowings: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 FHLB advances $ 18,900 $ — Securities sold under agreements to repurchase 2,128 2,435 Securities sold short 1,551 1,731 Collateral in excess of derivative exposures 403 318 Master notes 370 808 Other short-term borrowings 70 — Total short-term borrowings $ 23,422 $ 5,292
Schedule of Long-Term Debt, Interest Rates and Maturity Dates	The following table presents a summary of long-term debt: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Stated Rate Effective Rate (1) Carrying Amount Carrying Amount Maturity Min Max Truist Financial Corporation: Fixed rate senior notes 2023 to 2033 1.13 % 6.12 % 3.04 % $ 14,107 $ 13,271 Floating rate senior notes 2025 2025 4.70 4.70 4.70 999 1,348 Fixed rate subordinated notes (2) 2026 2033 3.88 6.00 4.34 1,882 1,254 Capital notes (2) 2027 2028 4.72 5.42 6.21 625 620 Structured notes (3) 2023 2023 12 11 Truist Bank: Fixed rate senior notes 2023 2025 1.25 4.05 1.96 6,982 9,545 Floating rate senior notes 2023 2024 4.50 5.03 4.65 1,749 2,399 Fixed rate subordinated notes (2) 2025 2030 2.25 3.80 3.01 4,767 5,043 Fixed rate FHLB advances 2023 2034 — 3.00 0.84 2 863 Floating rate FHLB advances 2024 2026 4.57 4.77 4.70 10,800 — Other long-term debt (4) 1,278 1,263 Nonbank subsidiaries: Other long-term debt (5) — 296 Total long-term debt $ 43,203 $ 35,913 (1) Includes the impact of debt issuance costs and purchase accounting, and excludes hedge accounting impacts. (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) Consist of notes with various terms that include fixed or floating rate interest or returns that are linked to an equity index. (4) Includes debt associated with finance leases, tax credit investments, and other. (5) Includes debt associated with structured real estate leases.
Schedule of Future Maturities of Long-term Debt	The following table presents future debt maturities: (Dollars in millions) 2023 2024 2025 2026 2027 Thereafter Future debt maturities (1) $ 4,651 $ 10,977 $ 10,332 $ 6,535 $ 2,344 $ 8,366

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
Shareholders' Equity (Tables)	Dec. 31, 2022
Equity [Abstract]
Summary of Cash Dividends Declared per Share	The following table presents total dividends declared per share of common stock: Year Ended December 31, 2022 2021 2020 Cash dividends declared per share $ 2.00 $ 1.86 $ 1.80
Summary of Non-Cumulative Perpetual Preferred Stock	The following table presents a summary of the non-cumulative perpetual preferred stock as of December 31, 2022: Preferred Stock Issue Issuance Date Earliest Redemption Date Liquidation Amount Carrying Amount Dividend Rate Dividend Payments Series I 12/6/2019 (1) 12/15/2024 $ 173 $ 168 Variable (2) Quarterly Series J 12/6/2019 (1) 12/15/2024 103 92 Variable (3) Quarterly Series L 12/6/2019 (1) 12/15/2024 750 766 Variable (4) Quarterly (9) Series M 12/6/2019 (1) 12/15/2027 500 516 5.125 % (5) Semi-annually (10) Series N 7/29/2019 9/1/2024 1,700 1,683 4.800 (6) Semi-annually Series O 5/27/2020 6/1/2025 575 559 5.250 Quarterly Series P 6/1/2020 12/1/2025 1,000 992 4.950 (7) Semi-annually Series Q 6/19/2020 9/1/2030 1,000 992 5.100 (8) Semi-annually Series R 8/3/2020 9/1/2025 925 905 4.750 Quarterly Total $ 6,726 $ 6,673 (1) Converted security from previously issued SunTrust preferred stock. Each outstanding share of SunTrust perpetual preferred stock was converted into the right to receive one share of an applicable newly issued series of Truist preferred stock having substantially the same terms as such share of SunTrust preferred stock. (2) Dividend rate is the greater of 4.00% or 3-month LIBOR plus 0.530%, subject to transition to an alternative reference rate. (3) Dividend rate is the greater of 4.00% or 3-month LIBOR plus 0.645%, subject to transition to an alternative reference rate. (4) Dividend rate of 3-month LIBOR plus 3.102% after June 15, 2022, subject to transition to an alternative reference rate. Prior to June 15, 2022, fixed dividend rate of 5.05%. (5) Fixed dividend rate will reset on December 15, 2027, then dividend rate will be 3-month LIBOR plus 2.786%, subject to transition to an alternative reference rate. (6) Fixed dividend rate will reset on September 1, 2024, and on each following fifth anniversary of the reset date to the five-year U.S. Treasury rate plus 3.003%. (7) Fixed dividend rate will reset on December 1, 2025, and on each following fifth anniversary of the reset date to the five-year U.S. Treasury rate plus 4.605%. (8) Fixed dividend rate will reset on September 1, 2030, and on each following tenth anniversary of the reset date to the ten-year U.S. Treasury rate plus 4.349%. (9) Dividend payments became quarterly on September 15, 2022. (10) Dividend payments become quarterly after dividend rate reset.

AOCI (Tables)

AOCI (Tables)	12 Months Ended
AOCI (Tables)	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Changes in AOCI	AOCI includes the after-tax change in unrecognized net costs related to defined benefit pension and OPEB plans as well as unrealized gains and losses on cash flow hedges, AFS securities, and HTM securities transferred from AFS securities. (Dollars in millions) Pension and OPEB Costs Cash Flow Hedges AFS Securities HTM Securities Other, net Total AOCI balance, January 1, 2020 $ (1,122) $ (101) $ 380 $ — $ (1) $ (844) OCI before reclassifications, net of tax 190 1 1,298 — 2 1,491 Amounts reclassified from AOCI: Before tax 75 48 (32) — — 91 Tax effect 18 12 (8) — — 22 Amounts reclassified, net of tax 57 36 (24) — — 69 Total OCI, net of tax 247 37 1,274 — 2 1,560 AOCI balance, December 31, 2020 (875) (64) 1,654 — 1 716 OCI before reclassifications, net of tax 767 — (3,459) — — (2,692) Amounts reclassified from AOCI: Before tax 29 72 384 — — 485 Tax effect 7 17 89 — — 113 Amounts reclassified, net of tax 22 55 295 — — 372 Total OCI, net of tax 789 55 (3,164) — — (2,320) AOCI balance, December 31, 2021 (86) (9) (1,510) — 1 (1,604) OCI before reclassifications, net of tax (1,471) (78) (10,792) — (6) (12,347) AFS Securities transferred to HTM, net of tax — — 2,872 (2,872) — — Amounts reclassified from AOCI: Before tax 29 12 45 367 — 453 Tax effect 7 3 10 83 — 103 Amounts reclassified, net of tax 22 9 35 284 — 350 Total OCI, net of tax (1,449) (69) (10,757) 284 (6) (11,997) AOCI balance, December 31, 2022 $ (1,535) $ (78) $ (9,395) $ (2,588) $ (5) $ (13,601) Primary income statement location of amounts reclassified from AOCI Other expense Net interest income and Other expense Securities gains (losses) and Net interest income Net interest income Net interest income

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Provision	The components of the income tax provision are as follows: Year Ended December 31, (Dollars in millions) 2022 2021 2020 Current expense: Federal $ 930 $ 1,113 $ 979 State 115 91 155 Total current expense 1,045 1,204 1,134 Deferred expense: Federal 302 235 (131) State 55 117 (22) Total deferred expense 357 352 (153) Provision for income taxes $ 1,402 $ 1,556 $ 981
Schedule of Reconciliation Between Provision for Income Taxes and Amount Computed by Applying Federal Statutory Income Tax Rate	A reconciliation of the provision for income taxes at the statutory federal income tax rate to the Company’s actual provision for income taxes and effective tax rate is presented in the following table: Year Ended December 31, 2022 2021 2020 (Dollars in millions) Amount % of Income Before Taxes Amount % of Income Before Taxes Amount % of Income Before Taxes Federal income taxes at statutory rate $ 1,611 21.0 % $ 1,679 21.0 % $ 1,149 21.0 % Increase (decrease) in provision for income taxes as a result of: State income taxes, net of federal tax benefit 134 1.7 164 2.1 105 1.9 Income tax credits, net of amortization (233) (3.0) (195) (2.4) (178) (3.3) Tax-exempt interest (109) (1.4) (86) (1.1) (99) (1.8) Other, net (1) — (6) (0.1) 4 0.1 Provision for income taxes $ 1,402 18.3 $ 1,556 19.5 $ 981 17.9
Schedule of Deferred Tax Assets and Liabilities	Significant DTAs and DTLs, net of the federal impact for state taxes, are presented in the following table: December 31, (Dollars in millions) 2022 2021 DTAs: Net unrealized losses in AOCI $ 4,150 $ 488 ALLL 1,022 1,033 Employee compensation and benefits 765 819 Operating lease liability 372 389 Accruals and reserves 207 245 Federal and state NOLs and other carryforwards 125 113 Loans — 53 Other 190 59 Total gross DTAs 6,831 3,199 Valuation allowance (106) (105) Total DTAs net of valuation allowance 6,725 3,094 DTLs: Pension 1,532 1,416 Goodwill and other intangible assets 686 630 Equipment and auto leasing 422 465 MSRs 345 360 ROU assets 283 280 Loans 279 — Other 151 173 Total DTLs 3,698 3,324 Net DTA (DTL) $ 3,027 $ (230)
Summary of Income Tax Contingencies	The following table provides a rollforward of the Company’s gross federal and state UTBs, excluding interest and penalties: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Balance, January 1 $ 104 $ 133 Increases in UTBs related to prior years 2 3 Decreases in UTBs related to prior years (2) (16) Increases in UTBs related to the current year 9 8 Decreases in UTBs related to settlements (4) (14) Decreases in UTBs related to lapse of the applicable statues of limitations (12) (10) Balance, December 31 $ 97 $ 104

Benefit Plans (Tables)

Benefit Plans (Tables)	12 Months Ended
Benefit Plans (Tables)	Dec. 31, 2022
Retirement Benefits [Abstract]
Components of Net Periodic Benefit Cost	Year Ended December 31, (Dollars in millions) Location 2022 2021 2020 Net periodic pension cost: Service cost Personnel expense $ 548 $ 612 $ 518 Interest cost Other expense 351 319 313 Estimated return on plan assets Other expense (1,078) (998) (866) Net amortization and other Other expense 35 35 76 Net periodic benefit cost (income) (144) (32) 41 Pre-tax amounts recognized in OCI: Net actuarial loss (gain) 1,949 (1,012) (244) Net amortization (35) (35) (77) Net amount recognized in OCI 1,914 (1,047) (321) Total net periodic pension costs (income) recognized in total comprehensive income, pre-tax $ 1,770 $ (1,079) $ (280) Weighted average assumptions used to determine net periodic pension cost: Discount rate 3.18 % 2.94 % 3.45 % Expected long-term rate of return on plan assets 6.50 6.70 6.90 Cash balance interest crediting rate 4.00 3.00 3.00 Assumed long-term rate of annual compensation increases 4.50 4.50 4.50
Schedule of Changes in Projected Benefit Obligations	Activity in the projected benefit obligation is presented in the following table: Year Ended December 31, (Dollars in millions) Qualified Plan Nonqualified Plans 2022 2021 2022 2021 Projected benefit obligation, January 1 $ 10,461 $ 10,277 $ 740 $ 661 Service cost 503 573 45 39 Interest cost 327 300 25 20 Actuarial (gain) loss (1) (3,013) (371) (130) 40 Benefits paid (354) (318) (25) (20) Projected benefit obligation, December 31 $ 7,924 $ 10,461 $ 655 $ 740 Accumulated benefit obligation, December 31 $ 7,070 $ 9,231 $ 517 $ 578 Weighted average assumptions used to determine projected benefit obligations: Weighted average assumed discount rate 5.30 % 3.18 % 5.30 % 3.18 % Assumed rate of annual compensation increases 4.50 4.50 4.50 4.50 (1) For the qualified plan, the 2022 and 2021 gains are primarily due to increases in the assumed discount rate, net of the impact of actual plan experience. For the nonqualified plans, the 2022 gain is primarily due to an increase in the assumed discount rate, while the 2021 loss is primarily due to the impact of actual plan experience, net of the increase in assumed discount rate.
Schedule of Changes in Fair Value of Plan Assets	Activity in plan assets is presented in the following table: Year Ended December 31, (Dollars in millions) Qualified Plan Nonqualified Plans 2022 2021 2022 2021 Fair value of plan assets, January 1 $ 16,399 $ 14,635 $ — $ — Actual return (loss) on plan assets (4,014) 1,679 — — Employer contributions 431 403 25 20 Benefits paid (354) (318) (25) (20) Fair value of plan assets, December 31 $ 12,462 $ 16,399 $ — $ — Funded status, December 31 $ 4,538 $ 5,938 $ (655) $ (740)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)	The following are the pre-tax amounts recognized in AOCI: (Dollars in millions) Qualified Plan Nonqualified Plans Dec 31, 2022 Dec 31, 2021 Dec 31, 2022 Dec 31, 2021 Prior service credit (cost) $ (40) $ (65) $ 39 $ 58 Net actuarial gain (loss) (1,884) 194 (116) (274) Net amount recognized $ (1,924) $ 129 $ (77) $ (216)
Schedule of Expected Benefit Payments	The following table reflects the estimated benefit payments for the periods presented: (Dollars in millions) Qualified Plan Nonqualified Plans 2023 $ 352 $ 28 2024 360 35 2025 376 32 2026 394 34 2027 413 35 2028-2032 2,372 205
Schedule of Allocation of Plan Assets	The following table presents the fair values of the qualified pension plan assets by asset category: (Dollars in millions) Target Allocation December 31, 2022 December 31, 2021 Min Max Total Level 1 Level 2 Total Level 1 Level 2 Cash and cash-equivalents (1) $ 314 $ 314 $ — $ 212 $ 212 $ — U.S. equity securities 19.5 % 29.5 % 3,171 1,602 1,569 5,452 2,744 2,708 International equity securities 5.5 15.5 1,672 269 1,403 2,378 260 2,118 Fixed income securities 50.0 60.0 6,495 — 6,495 7,782 — 7,782 Total $ 11,652 $ 2,185 $ 9,467 $ 15,824 $ 3,216 $ 12,608 (1) Includes funds held in a short-term, government money-market fund.
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable	The following table provides a summary of the equity-based compensation plans: (Shares in thousands) Dec 31, 2022 Shares available for future grants 41,981 Vesting period, minimum 1.0 year Vesting period, maximum 5.0 years
Summary of Selected Data Related to Equity-based Compensation Costs	The following table presents a summary of selected data related to equity-based compensation costs: As of / For the Year Ended December 31, (Dollars in millions) 2022 2021 2020 Equity-based compensation expense $ 318 $ 320 $ 353 Income tax benefit from equity-based compensation expense 74 75 84 Intrinsic value of options exercised, and RSUs and PSUs that vested during the year 350 474 412 Grant date fair value of equity-based awards that vested during the year 290 395 420 Unrecognized compensation cost related to equity-based awards 287 254 234 Weighted-average life over which compensation cost is expected to be recognized 2.7 years 2.5 years 2.3 years
Rollforward of RSUs, PSUs and Restricted Shares	The following table presents the activity related to awards of RSUs, PSUs and restricted shares: (Shares in thousands) Units/Shares Wtd. Avg. Grant Date Fair Value Nonvested at January 1, 2022 17,061 $ 50.01 Granted 7,492 56.11 Vested (5,706) 50.85 Forfeited (1,161) 53.43 Nonvested at December 31, 2022 17,686 52.33

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
Commitments and Contingencies (Tables)	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments and Contingencies	The following table summarizes certain tax credit and certain equity investments: (Dollars in millions) Balance Sheet Location Dec 31, 2022 Dec 31, 2021 Investments in affordable housing projects: Carrying amount Other assets $ 4,589 $ 4,107 Amount of future funding commitments included in carrying amount Other liabilities 1,762 1,285 Lending exposure Loans and leases for funded amounts 1,547 763 Renewable energy investments: Carrying amount Other assets 264 257 Amount of future funding commitments not included in carrying amount NA 361 71 Private equity and certain other equity method investments: Carrying amount Other assets 1,876 1,822 Amount of future funding commitments not included in carrying amount NA 532 411
Summary of Tax Credits and Amortization, Tax Credit Investment Activity	The following table presents a summary of tax credits and amortization associated with the Company’s tax credit investment activity: Year Ended December 31, (Dollars in millions) Income Statement Location 2022 2021 2020 Tax credits: Investments in affordable housing projects Provision for income taxes $ 483 $ 477 $ 454 Other community development investments Provision for income taxes 100 103 96 Renewable energy investments NA (1) 206 157 159 Amortization and other changes in carrying amount: Investments in affordable housing projects Provision for income taxes $ 487 $ 472 $ 455 Other community development investments Other noninterest income 81 86 81 Renewable energy investments Other noninterest income 4 4 4 (1) Tax credits received for these investments are recorded as a reduction to the carrying value of these investments.
Schedule of Off-Balance Sheet	The following is a summary of selected notional amounts of off-balance sheet financial instruments: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Commitments to extend, originate, or purchase credit $ 216,838 $ 198,658 Residential mortgage loans sold with recourse 200 244 CRE mortgages serviced for others covered by recourse provisions 9,955 10,243 Other loans serviced for others covered by recourse provisions 723 588 Letters of credit 6,030 5,568
Schedule of Variable Interest Entities	The following table provides a summary of the TRS transactions with VIE purchases. VIE assets include trading loans and bonds: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Total return swaps: VIE assets $ 1,830 $ 1,519 Trading loans and bonds 1,790 1,491 VIE liabilities 163 50
Schedule of Pledged Assets	The following table provides the total carrying amount of pledged assets by asset type: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Pledged securities $ 38,012 $ 29,678 Pledged loans: FRB 71,234 73,349 FHLB 68,988 64,698 Unused borrowing capacity: FRB 49,250 52,170 FHLB 20,770 49,244

Regulatory Requirements and O_2

Regulatory Requirements and Other Restrictions (Tables)	12 Months Ended
Regulatory Requirements and Other Restrictions (Tables)	Dec. 31, 2022
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Summary Information Regarding Regulatory Capital	The following table provides additional detail on regulatory capital ratios: (Dollars in millions) Minimum Capital (1) Well Capitalized December 31, 2022 December 31, 2021 Ratio Amount Ratio Amount Truist Financial Corporation: CET1 4.5 % NA 9.0 % $ 39,098 9.6 % $ 37,524 Tier 1 capital 6.0 6.0 10.5 45,768 11.3 44,194 Total capital 8.0 10.0 12.4 54,072 13.2 51,518 Leverage 4.0 NA 8.5 45,768 8.7 44,194 Supplementary leverage 3.0 NA 7.3 45,768 7.4 44,194 Truist Bank: CET1 4.5 6.5 10.6 45,237 10.5 39,908 Tier 1 capital 6.0 8.0 10.6 45,237 10.5 39,908 Total capital 8.0 10.0 12.1 51,633 12.0 45,562 Leverage 4.0 5.0 8.5 45,237 8.0 39,908 Supplementary leverage 3.0 NA 7.3 45,237 6.9 39,908

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	12 Months Ended
Fair Value Disclosures (Tables)	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present fair value information for assets and liabilities measured at fair value on a recurring basis: December 31, 2022 Total Level 1 Level 2 Level 3 Netting Adjustments (1) Assets: Trading assets: U.S. Treasury $ 137 $ — $ 137 $ — $ — GSE 457 — 457 — — Agency MBS - residential 804 — 804 — — Agency MBS - commercial 62 — 62 — — States and political subdivisions 422 — 422 — — Corporate and other debt securities 761 — 761 — — Loans 1,960 — 1,960 — — Other 302 261 41 — — Total trading assets 4,905 261 4,644 — — AFS securities: U.S. Treasury 10,295 — 10,295 — — GSE 303 — 303 — — Agency MBS - residential 55,225 — 55,225 — — Agency MBS - commercial 2,424 — 2,424 — — States and political subdivisions 416 — 416 — — Non-agency MBS 3,117 — 3,117 — — Other 21 — 21 — — Total AFS securities 71,801 — 71,801 — — LHFS at fair value 1,065 — 1,065 — — Loans and leases 18 — — 18 — Loan servicing rights at fair value 3,758 — — 3,758 — Other assets: Derivative assets 684 472 1,980 1 (1,769) Equity securities 898 796 102 — — Total assets $ 83,129 $ 1,529 $ 79,592 $ 3,777 $ (1,769) Liabilities: Derivative liabilities $ 2,971 $ 364 $ 4,348 $ 37 $ (1,778) Securities sold short 1,551 114 1,437 — — Total liabilities $ 4,522 $ 478 $ 5,785 $ 37 $ (1,778) December 31, 2021 Total Level 1 Level 2 Level 3 Netting Adjustments (1) Assets: Trading assets: U.S. Treasury $ 125 $ — $ 125 $ — $ — GSE 306 — 306 — — Agency MBS - residential 1,016 — 1,016 — — Agency MBS - commercial 13 — 13 — — States and political subdivisions 91 — 91 — — Corporate and other debt securities 738 — 738 — — Loans 1,791 — 1,791 — — Other 343 285 58 — — Total trading assets 4,423 285 4,138 — — AFS securities: U.S. Treasury 9,795 — 9,795 — — GSE 1,698 — 1,698 — — Agency MBS - residential 134,042 — 134,042 — — Agency MBS - commercial 2,882 — 2,882 — — States and political subdivisions 420 — 420 — — Non-agency MBS 4,258 — 4,258 — — Other 28 — 28 — — Total AFS securities 153,123 — 153,123 — — LHFS at fair value 3,544 — 3,544 — — Loans and leases 23 — — 23 — Loan servicing rights at fair value 2,633 — — 2,633 — Other assets: Derivative assets 2,370 887 3,110 30 (1,657) Equity securities 1,066 967 99 — — Total assets $ 167,182 $ 2,139 $ 164,014 $ 2,686 $ (1,657) Liabilities: Derivative liabilities $ 586 $ 438 $ 3,056 $ 42 $ (2,950) Securities sold short 1,731 8 1,723 — — Total liabilities $ 2,317 $ 446 $ 4,779 $ 42 $ (2,950) (1) Refer to “Note 19. Derivative Financial Instruments” for additional discussion on netting adjustments.
Rollforward of Level 3 Assets and Liabilities	Activity for Level 3 assets and liabilities is summarized below: Non-agency MBS Loans and Leases Loan Servicing Rights Net Derivatives Private Equity Investments Balance at January 1, 2020 $ 368 $ — $ 2,618 $ 19 $ 440 Total realized and unrealized gains (losses): Included in earnings 306 — (550) 467 2 Included in unrealized net holding gains (losses) in OCI (178) — — — — Purchases — — — — 27 Issuances — — 711 780 — Sales (481) — — — — Settlements (15) — (756) (1,094) (21) Transfers out of level 3 and other — — — — (448) Balance at December 31, 2020 — — 2,023 172 — Total realized and unrealized gains (losses): Included in earnings — (1) 233 (96) — Purchases — — 355 — — Issuances — — 715 305 — Sales — — (1) — — Settlements — — (741) (393) — Acquisitions 24 49 Balance at December 31, 2021 — 23 2,633 (12) — Total realized and unrealized gains (losses): Included in earnings — — 801 (323) — Purchases — — 321 — — Issuances — — 482 2 — Sales — — (9) — — Settlements — (5) (470) 297 — Balance at December 31, 2022 $ — $ 18 $ 3,758 $ (36) $ — Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held at December 31, 2022 $ — $ — $ 801 $ (21) $ — Primary income statement location of realized gains (losses) included in earnings Securities gains (losses) Other income Mortgage banking income Mortgage banking income Other income
Fair Value and UPB of LHFS	The following table details the fair value and UPB of certain loans that were elected to be measured at fair value: December 31, 2022 December 31, 2021 (Dollars in millions) Fair Value UPB Difference Fair Value UPB Difference Trading loans $ 1,960 $ 2,101 $ (141) $ 1,791 $ 1,784 $ 7 Loans and leases 18 20 (2) 23 35 (12) LHFS at fair value 1,065 1,056 9 3,544 3,450 94
Assets Measured at Fair Value on a Nonrecurring Basis	The following table provides information about certain assets measured at fair value on a nonrecurring basis still held as of period end. The carrying values represent end of period values, which approximate the fair value measurements that occurred on the various measurement dates throughout the period. These assets are considered to be Level 3 assets. (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Carrying value: LHFS $ 271 $ 101 Loans and leases 500 443 Other 120 100 The following table provides information about valuation adjustments for certain assets measured at fair value on a nonrecurring basis. The valuation adjustments represent the amounts recorded during the period regardless of whether the asset is still held at period end. Year Ended December 31, (Dollars in millions) 2022 2021 2020 Valuation adjustments: LHFS $ (9) $ (27) $ (101) Loans and leases (420) (455) (731) Other (159) (178) (175)
Carrying Amounts and Fair Value of Financial Assets and Liabilities Not Recorded at Fair Value	Financial assets and liabilities not recorded at fair value are summarized below: December 31, 2022 December 31, 2021 (Dollars in millions) Fair Value Hierarchy Carrying Amount Fair Value Carrying Amount Fair Value Financial assets: HTM securities Level 2 $ 57,713 $ 47,791 $ 1,494 $ 1,495 Loans and leases HFI, net of ALLL Level 3 321,596 308,738 285,055 284,914 Financial liabilities: Time deposits Level 2 23,474 23,383 15,886 16,017 Long-term debt Level 2 43,203 40,951 35,913 36,251

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
Derivative Financial Instruments (Tables)	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table presents the gross notional amounts and estimated fair value of derivative instruments employed by the Company: December 31, 2022 December 31, 2021 Notional Amount Fair Value Notional Amount Fair Value (Dollars in millions) Assets Liabilities Assets Liabilities Cash flow hedges: Interest rate contracts: Swaps hedging commercial loans $ 16,650 $ — $ — $ — $ — $ — Fair value hedges: Interest rate contracts: Swaps hedging long-term debt 16,393 — (68) 12,690 — (6) Swaps hedging AFS securities 7,097 — — 12,711 — (2) Total 23,490 — (68) 25,401 — (8) Not designated as hedges: Client-related and other risk management: Interest rate contracts: Swaps 155,670 579 (2,665) 150,223 1,716 (733) Options 29,840 172 (192) 23,659 43 (30) Forward commitments 1,495 8 (2) 2,404 2 (5) Other 3,823 1 — 2,927 — — Equity contracts 33,185 644 (901) 34,232 1,582 (2,089) Credit contracts: Trading assets 140 — — — — — Loans and leases 394 — — 570 — (2) Risk participation agreements 6,824 — (3) 8,145 — (4) Total return swaps 1,729 81 (2) 1,445 3 (19) Foreign exchange contracts 19,022 364 (380) 16,102 160 (156) Commodity 4,881 444 (447) 4,641 475 (468) Total 257,003 2,293 (4,592) 244,348 3,981 (3,506) Mortgage banking: Interest rate contracts: Swaps 115 — — 441 — — Interest rate lock commitments 999 1 (17) 4,163 30 (7) When issued securities, forward rate agreements and forward commitments 2,128 25 (6) 6,913 7 (15) Other 140 1 — 424 1 — Total 3,382 27 (23) 11,941 38 (22) MSRs: Interest rate contracts: Swaps 14,566 — — 12,837 — — Options 13,930 122 (48) 101 1 — When issued securities, forward rate agreements and forward commitments 2,459 11 (15) 3,927 7 — Other 1,532 — (3) 2,017 — — Total 32,487 133 (66) 18,882 8 — Total derivatives not designated as hedges 292,872 2,453 (4,681) 275,171 4,027 (3,528) Total derivatives $ 333,012 2,453 (4,749) $ 300,572 4,027 (3,536) Gross amounts in the Consolidated Balance Sheets: Amounts subject to master netting arrangements (1,223) 1,223 (1,312) 1,312 Cash collateral (received) posted for amounts subject to master netting arrangements (546) 555 (345) 1,638 Net amount $ 684 $ (2,971) $ 2,370 $ (586)
Netting of Financial Instruments - Derivatives	The following table presents the offsetting of derivative instruments including financial instrument collateral related to legally enforceable master netting agreements and amounts held or pledged as collateral. U.S. GAAP does not permit netting of non-cash collateral balances in the Consolidated Balance Sheets: December 31, 2022 Gross Amount Amount Offset Net Amount in Consolidated Balance Sheets Held/Pledged Financial Instruments Net Amount Derivative assets: Derivatives subject to master netting arrangement or similar arrangement $ 1,895 $ (1,408) $ 487 $ — $ 487 Derivatives not subject to master netting arrangement or similar arrangement 86 — 86 — 86 Exchange traded derivatives 472 (361) 111 — 111 Total derivative assets $ 2,453 $ (1,769) $ 684 $ — $ 684 Derivative liabilities: Derivatives subject to master netting arrangement or similar arrangement $ (3,688) $ 1,417 $ (2,271) $ 43 $ (2,228) Derivatives not subject to master netting arrangement or similar arrangement (697) — (697) — (697) Exchange traded derivatives (364) 361 (3) — (3) Total derivative liabilities $ (4,749) $ 1,778 $ (2,971) $ 43 $ (2,928) December 31, 2021 Gross Amount Amount Offset Net Amount in Consolidated Balance Sheets Held/Pledged Financial Instruments Net Amount Derivative assets: Derivatives subject to master netting arrangement or similar arrangement $ 2,752 $ (1,221) $ 1,531 $ (1) $ 1,530 Derivatives not subject to master netting arrangement or similar arrangement 388 — 388 — 388 Exchange traded derivatives 887 (436) 451 — 451 Total derivative assets $ 4,027 $ (1,657) $ 2,370 $ (1) $ 2,369 Derivative liabilities: Derivatives subject to master netting arrangement or similar arrangement $ (2,873) $ 2,514 $ (359) $ 66 $ (293) Derivatives not subject to master netting arrangement or similar arrangement (225) — (225) — (225) Exchange traded derivatives (438) 436 (2) — (2) Total derivative liabilities $ (3,536) $ 2,950 $ (586) $ 66 $ (520)
Schedule of Fair Value Hedging Basis Adjustments	The following table presents the carrying value of hedged items in fair value hedging relationships: December 31, 2022 December 31, 2021 Hedge Basis Adjustment Hedge Basis Adjustment (Dollars in millions) Hedged Asset / Liability Basis Items Currently Designated Discontinued Hedges Hedged Asset / Liability Basis Items Currently Designated Discontinued Hedges AFS securities (1) $ 38,773 $ (630) $ (4) $ 108,758 $ (400) $ (150) Loans and leases 353 — 10 382 — 12 Long-term debt 25,378 (780) 218 27,361 (137) 629 (1) The amortized cost of AFS securities was $46.2 billion at December 31, 2022 and $110.6 billion at December 31, 2021.
Impact of Derivatives on the Consolidated Statements of Income and Comprehensive Income	The following table summarizes amounts related to cash flow hedges, which consist of interest rate contracts: Year Ended December 31, (Dollars in millions) 2022 2021 2020 Pre-tax gain (loss) recognized in OCI: Commercial loans $ (102) $ — $ — Total $ (102) $ — $ — Pre-tax gain (loss) reclassified from AOCI into interest expense: Deposits $ — $ (2) $ (8) Short-term borrowings — (12) (19) Long-term debt (12) (22) (21) Total $ (12) $ (36) $ (48) Pre-tax gain (loss) reclassified from AOCI into other expense: (1) Deposits $ — $ (12) $ — Short-term borrowings — (20) — Long-term debt — (4) — Total $ — $ (36) $ — (1) Represents the accelerated amortization of amounts reclassified from AOCI, where management determined that the forecasted transaction is probable of not occurring. The following table summarizes the impact on net interest income related to fair value hedges: Year Ended December 31, (Dollars in millions) 2022 2021 2020 Investment securities: Amounts related to interest settlements $ 102 $ (48) $ (3) Recognized on derivatives 598 571 29 Recognized on hedged items (541) (568) (41) Net income (expense) recognized (1) 159 (45) $ (15) Loans and leases: Amounts related to interest settlements — — (1) Recognized on derivatives — — (3) Recognized on hedged items (3) (5) 1 Net income (expense) recognized (3) (5) (3) Long-term debt: Amounts related to interest settlements (64) 18 182 Recognized on derivatives (840) (136) 831 Recognized on hedged items 1,014 435 (732) Net income (expense) recognized 110 317 281 Net income (expense) recognized, total $ 266 $ 267 $ 263 (1) Includes $53 million of income recognized from securities with terminated hedges that were reclassified to HTM. The income recognized was offset by the amortization of the fair value mark. See additional details over amounts recognized in “Note 13. AOCI.” The following table presents information about the Company’s cash flow and fair value hedges: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Cash flow hedges: Net unrecognized after-tax gain (loss) on active and terminated hedges recorded in AOCI $ (118) $ — Net unrecognized after-tax gain (loss) on terminated hedges recorded in AOCI (to be recognized in earnings through 2029) 40 (9) Estimated portion of net after-tax gain (loss) on terminated hedges to be reclassified from AOCI into earnings during the next 12 months (31) (9) Maximum time period over which Truist is hedging a portion of the variability in future cash flows for forecasted transactions excluding those transactions relating to the payment of variable interest on existing instruments 6 years N/A Fair value hedges: Unrecognized pre-tax net gain (loss) on terminated hedges (to be recognized as interest primarily through 2033) (1) $ 669 $ 767 Portion of pre-tax net gain (loss) on terminated hedges to be recognized as a change in interest during the next 12 months 163 231 (1) Includes deferred gains that are recorded in AOCI as a result of the reclassification to HTM of previously hedged securities of $457 million at December 31, 2022. The following table presents pre-tax gain (loss) recognized in income for derivative instruments not designated as hedges: Year Ended December 31, (Dollars in millions) Income Statement Location 2022 2021 2020 Client-related and other risk management: Interest rate contracts Investment banking and trading income and other income $ 197 $ 193 $ 44 Foreign exchange contracts Investment banking and trading income and other income 236 133 (45) Equity contracts Investment banking and trading income and other income 5 (21) (4) Credit contracts Investment banking and trading income and other income 53 (83) 178 Commodity contracts Investment banking and trading income 11 7 6 Mortgage banking: Interest rate contracts - residential Mortgage banking income 596 (21) (418) Interest rate contracts - commercial Mortgage banking income (1) (2) 3 MSRs: Interest rate contracts - residential Mortgage banking income (792) (105) 495 Interest rate contracts - commercial Mortgage banking income (22) (8) 20 Total $ 283 $ 93 $ 279
Derivatives Credit Risk - Risk Participation Agreements and Total Return Swaps	The following table presents additional information related to interest rate derivative risk participation agreements and total return swaps: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Risk participation agreements: Maximum potential amount of exposure $ 575 $ 521 Total return swaps: Cash collateral held 453 290
Schedule of Derivative Instruments Summary of Collateral Positions with Counterparties	The following table summarizes collateral positions with counterparties: (Dollars in millions) Dec 31, 2022 Dec 31, 2021 Dealer and other counterparties: Cash and other collateral received from counterparties $ 542 $ 346 Derivatives in a net gain position secured by collateral received 618 506 Unsecured positions in a net gain with counterparties after collateral postings 76 143 Cash collateral posted to counterparties 590 1,704 Derivatives in a net loss position secured by collateral 692 2,591 Additional collateral that would have been posted had the Company’s credit ratings dropped below investment grade — 3 Central counterparties clearing: Cash collateral, including initial margin, received from central clearing parties 4 — Cash collateral, including initial margin, posted to central clearing parties 45 31 Derivatives in a net loss position 13 18 Derivatives in a net gain position 12 — Securities pledged to central counterparties clearing 639 904

Computation of EPS (Tables)

Computation of EPS (Tables)	12 Months Ended
Computation of EPS (Tables)	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Basic and Diluted EPS	Basic and diluted EPS calculations are presented in the following table: Year Ended December 31, (Dollars in millions, except per share data, shares in thousands) 2022 2021 2020 Net income available to common shareholders $ 5,927 $ 6,033 $ 4,184 Weighted average number of common shares 1,328,120 1,337,144 1,347,080 Effect of dilutive outstanding equity-based awards 10,342 12,234 11,209 Weighted average number of diluted common shares 1,338,462 1,349,378 1,358,289 Basic EPS $ 4.46 $ 4.51 $ 3.11 Diluted EPS $ 4.43 $ 4.47 $ 3.08 Anti-dilutive awards 93 3 16

Operating Segments (Tables)

Operating Segments (Tables)	12 Months Ended
Operating Segments (Tables)	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table presents results by segment: Year Ended December 31, CB&W C&CB IH OT&C (1) Total 2022 2021 2020 2022 2021 2020 2022 2021 2020 2022 2021 2020 2022 2021 2020 Net interest income (expense) $ 6,509 $ 6,732 $ 7,375 $ 5,980 $ 4,625 $ 5,393 $ 176 $ 100 $ 126 $ 1,651 $ 1,549 $ 932 $ 14,316 $ 13,006 $ 13,826 Net intersegment interest income (expense) 3,571 2,373 1,512 93 708 170 (45) 1 (17) (3,619) (3,082) (1,665) — — — Segment net interest income 10,080 9,105 8,887 6,073 5,333 5,563 131 101 109 (1,968) (1,533) (733) 14,316 13,006 13,826 Allocated provision for credit losses 867 150 1,003 (95) (881) 1,304 7 — 9 (2) (82) 19 777 (813) 2,335 Segment net interest income after provision 9,213 8,955 7,884 6,168 6,214 4,259 124 101 100 (1,966) (1,451) (752) 13,539 13,819 11,491 Noninterest income 3,423 3,697 3,900 2,661 3,174 2,629 3,105 2,664 2,241 (470) (245) 109 8,719 9,290 8,879 Amortization of intangibles 321 317 419 129 150 175 132 105 72 1 2 19 583 574 685 Other noninterest expense 7,348 7,446 7,401 3,104 3,114 3,333 2,372 1,974 1,712 1,182 2,008 1,766 14,006 14,542 14,212 Income (loss) before income taxes 4,967 4,889 3,964 5,596 6,124 3,380 725 686 557 (3,619) (3,706) (2,428) 7,669 7,993 5,473 Provision (benefit) for income taxes 1,182 1,119 945 1,201 1,294 690 179 156 139 (1,160) (1,013) (793) 1,402 1,556 981 Segment net income (loss) $ 3,785 $ 3,770 $ 3,019 $ 4,395 $ 4,830 $ 2,690 $ 546 $ 530 $ 418 $ (2,459) $ (2,693) $ (1,635) $ 6,267 $ 6,437 $ 4,492 Identifiable assets (period end) $ 169,614 $ 160,497 $ 163,600 $ 205,022 $ 182,734 $ 187,393 $ 15,008 $ 9,865 $ 7,932 $ 165,611 $ 188,145 $ 150,303 $ 555,255 $ 541,241 $ 509,228 (1) Includes financial data from business units below the quantitative and qualitative thresholds requiring disclosure.

Parent Company Financial Info_2

Parent Company Financial Information (Tables)	12 Months Ended
Parent Company Financial Information (Tables)	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Parent Company Condensed Balance Sheet	Parent Company - Condensed Balance Sheets (Dollars in millions) December 31, 2022 2021 Assets: Cash and due from banks $ 29 $ 598 Interest-bearing deposits with banks 10,861 9,680 AFS securities at fair value 214 257 Advances to / receivables from subsidiaries: Banking 2,305 2,006 Nonbank 404 3,377 Total advances to / receivables from subsidiaries 2,709 5,383 Investment in subsidiaries: Banking 59,921 64,985 Nonbank 4,553 5,441 Total investment in subsidiaries 64,474 70,426 Other assets 452 419 Total assets $ 78,739 $ 86,763 Liabilities and Shareholders’ Equity: Short-term borrowings $ 370 $ 809 Long-term debt 17,625 16,504 Other liabilities 230 179 Total liabilities 18,225 17,492 Total shareholders’ equity 60,514 69,271 Total liabilities and shareholders’ equity $ 78,739 $ 86,763
Parent Company Condensed Income and Comprehensive Income Statement	Parent Company - Condensed Income and Comprehensive Income Statements (Dollars in millions) Year Ended December 31, 2022 2021 2020 Income: Dividends from subsidiaries: Banking $ 4,800 $ 4,150 $ 2,800 Nonbank 170 100 5 Total dividends from subsidiaries 4,970 4,250 2,805 Interest and other income from subsidiaries 100 143 170 Other income 27 (26) 12 Total income 5,097 4,367 2,987 Expenses: Interest expense 369 258 333 Other expenses 131 125 174 Total expenses 500 383 507 Income before income taxes and equity in undistributed earnings of subsidiaries 4,597 3,984 2,480 Income tax benefit 50 26 56 Income before equity in undistributed earnings of subsidiaries 4,647 4,010 2,536 Equity in undistributed earnings of subsidiaries in excess of dividends from subsidiaries 1,620 2,427 1,956 Net income 6,267 6,437 4,492 Total OCI (11,997) (2,320) 1,560 Total comprehensive income $ (5,730) $ 4,117 $ 6,052
Parent Company Condensed Cash Flow Statement	Parent Company - Statements of Cash Flows (Dollars in millions) Year Ended December 31, 2022 2021 2020 Cash Flows From Operating Activities: Net income $ 6,267 $ 6,437 $ 4,492 Adjustments to reconcile net income to net cash from operating activities: Equity in earnings of subsidiaries in excess of dividends from subsidiaries (1,620) (2,427) (1,956) Other, net (449) (438) (704) Net cash from operating activities 4,198 3,572 1,832 Cash Flows From Investing Activities: Proceeds from maturities, calls, and paydowns of AFS securities 31 37 79 Purchases of AFS securities (9) (216) (22) Investment in subsidiaries (4,142) (120) (79) Advances to subsidiaries (4,110) (3,088) (6,711) Proceeds from repayment of advances to subsidiaries 6,813 3,922 5,499 Other, net 14 — 14 Net cash from investing activities (1,403) 535 (1,220) Cash Flows From Financing Activities: Net change in short-term borrowings (439) 188 18 Net issuance (repayment) of long-term debt 1,700 (2,149) 397 Repurchase of common stock (250) (1,616) — Net proceeds from preferred stock issued — — 3,449 Redemption of preferred stock — (1,415) (500) Cash dividends paid on common and preferred stock (2,989) (2,852) (2,725) Other, net (205) (107) 479 Net cash from financing activities (2,183) (7,951) 1,118 Net Change in Cash and Cash Equivalents 612 (3,844) 1,730 Cash and Cash Equivalents, January 1 10,278 14,122 12,392 Cash and Cash Equivalents, December 31 $ 10,890 $ 10,278 $ 14,122

Basis of Presentation -Summary

Basis of Presentation -Summary of Loans and Leases Policies (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Loans and Leases Receivable Disclosure [Line Items]
Sustained Performance Period To Return To Accrual Status	6 months
Threshold Period For Past Due Classification for Loans and Leases Receivable	30 days
Collateral on Impaired Loans and Foreclosed Property, Valuation Period	12 months
Threshold amount to establish a reserve on nonaccrual loans and TDRs (or more)	$ 5
Commercial: \| Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	90 days	[1],[2],[3]
Threshold Period Past Due for Charge-off of Loans	90 days	[2],[3]
Commercial: \| CRE
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	90 days	[1],[2],[3]
Threshold Period Past Due for Charge-off of Loans	90 days	[2],[3]
Commercial: \| Commercial construction
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	90 days	[1],[2],[3]
Threshold Period Past Due for Charge-off of Loans	90 days	[2],[3]
Consumer: \| Residential mortgage \| Minimum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	90 days	[1],[3],[4]
Threshold Period Past Due for Charge-off of Loans	90 days	[3],[4]
Consumer: \| Residential mortgage \| Maximum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	180 days	[1],[3],[4]
Threshold Period Past Due for Charge-off of Loans	180 days	[3],[4]
Consumer: \| Residential home equity and direct \| Minimum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	90 days	[1],[3],[4]
Threshold Period Past Due for Charge-off of Loans	90 days	[3],[4]
Consumer: \| Residential home equity and direct \| Maximum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	120 days	[1],[3],[4]
Threshold Period Past Due for Charge-off of Loans	180 days	[3],[4]
Consumer: \| Indirect auto
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	90 days	[1],[3],[4]
Threshold Period Past Due for Charge-off of Loans	120 days	[3],[4]
Consumer: \| Indirect other \| Minimum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	90 days	[1],[3],[4]
Threshold Period Past Due for Charge-off of Loans	90 days	[3],[4]
Consumer: \| Indirect other \| Maximum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Placing on Nonaccrual Status of Loans	120 days	[1],[3],[4]
Threshold Period Past Due for Charge-off of Loans	120 days	[3],[4]
Consumer: \| Student \| Minimum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Charge-off of Loans	120 days	[3],[5],[6]
Consumer: \| Student \| Maximum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Charge-off of Loans	180 days	[3],[5],[6]
Credit card \| Minimum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Charge-off of Loans	90 days	[3],[7]
Credit card \| Maximum
Loans and Leases Receivable Disclosure [Line Items]
Threshold Period Past Due for Charge-off of Loans	180 days	[3],[7]

[1]Loans may be returned to performing status when (i) the borrower has resumed paying the full amount of the scheduled contractual interest and principal payments, (ii) management concludes that all principal and interest amounts contractually due (including arrearages) are reasonably assured of repayment, and (iii) there is a sustained period of repayment performance, generally a minimum of six months.[2]Or when it is probable that principal or interest is not fully collectible, whichever occurs first.[3]The timing of nonaccrual and charge-off evaluations are accelerated in circumstances where the borrower has filed for bankruptcy.[4]Depends on product type, loss mitigation status, status of the government guaranty, if applicable, and certain other product-specific factors.[5]Government guaranteed loans are considered to be in default once they reach 270 days past due and claims are generally filed once the loans reaches 365 days past due. The non-guaranteed balance, which ranges from 2-3%, is charged off once the claim proceeds related to the guaranteed portion have been received, which typically occurs no later than 365 days past due.[6]Student loans are not placed in nonperforming status, which reflects consideration of governmental guarantees or accelerated charge-off policies related to certain non-guaranteed portfolios.[7]Credit cards are generally not placed on nonperforming status, but are fully charged off at specified delinquency dates consistent with regulatory guidelines.

Business Combinations and Asset

Business Combinations and Asset Acquisitions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Loans and leases (including $18 and $23 at fair value, respectively)	$ 325,991	$ 289,513
Deposits	413,495	416,488
IH \| Kensington Vanguard National Land Services
Business Acquisition [Line Items]
Loans and leases (including $18 and $23 at fair value, respectively)	0
Goodwill, Period Increase (Decrease)	197
Identifiable intangible assets increase	138
IH \| BenefitMall
Business Acquisition [Line Items]
Loans and leases (including $18 and $23 at fair value, respectively)	0
Goodwill, Period Increase (Decrease)	527
Identifiable intangible assets increase	$ 336
Weighted average term	15 years
IH \| Constellation Affiliated Partners
Business Acquisition [Line Items]
Loans and leases (including $18 and $23 at fair value, respectively)		0
Goodwill, Period Increase (Decrease)		585
Identifiable intangible assets increase		394
IH \| BankDirect Capital Finance
Business Acquisition [Line Items]
Loans and leases (including $18 and $23 at fair value, respectively)	$ 3,067
Goodwill, Period Increase (Decrease)	188
Identifiable intangible assets increase	$ 111
CB&W \| Service Finance, LLC
Business Acquisition [Line Items]
Loans and leases (including $18 and $23 at fair value, respectively)		145
Goodwill, Period Increase (Decrease)		647
Identifiable intangible assets increase		$ 1,167
Business Combination Member [Member] \| IH \| Kensington Vanguard National Land Services
Business Acquisition [Line Items]
Business Combination, Reason for Business Combination	Expands presence in the title insurance market
Business Combination Member [Member] \| IH \| BenefitMall
Business Acquisition [Line Items]
Business Combination, Reason for Business Combination	Broadens products and services within benefit wholesale insurance business
Business Combination Member [Member] \| IH \| Constellation Affiliated Partners
Business Acquisition [Line Items]
Business Combination, Reason for Business Combination		Expands offerings to further build out national programs business
Business Combination Member [Member] \| IH \| BankDirect Capital Finance
Business Acquisition [Line Items]
Business Combination, Reason for Business Combination	Increases scale and product offerings for premium finance business
Business Combination Member [Member] \| CB&W \| Service Finance, LLC
Business Acquisition [Line Items]
Business Combination, Reason for Business Combination		Expands point of sale lending capabilities

Securities Purchased under Agre

Securities Purchased under Agreements to Resale & Securities Borrowed (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Offsetting [Abstract]
Securities purchased under agreements to resell	$ 2,415	$ 3,460
Securities borrowed	766	568
Total securities borrowed or purchased under agreements to resell	3,181	4,028
Fair value of collateral permitted to be resold or repledged	3,058	4,005
Fair value of securities resold or repledged	$ 864	$ 1,141

Securities Financing Activiti_3

Securities Financing Activities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Offsetting Liabilities [Line Items]
Short-term Debt	$ 23,422	$ 5,292
Securities Sold under Agreements to Repurchase
Offsetting Liabilities [Line Items]
Short-term Debt	2,128	2,435
Securities Sold under Agreements to Repurchase \| U.S. Treasury
Offsetting Liabilities [Line Items]
Short-term Debt	318	1,158
Securities Sold under Agreements to Repurchase \| State and Municipal
Offsetting Liabilities [Line Items]
Short-term Debt	272	0
Securities Sold under Agreements to Repurchase \| GSE
Offsetting Liabilities [Line Items]
Short-term Debt	74	78
Securities Sold under Agreements to Repurchase \| Agency MBS - residential
Offsetting Liabilities [Line Items]
Short-term Debt	1,045	861
Securities Sold under Agreements to Repurchase \| Corporate and other debt securities
Offsetting Liabilities [Line Items]
Short-term Debt	419	338
Securities Sold under Agreements to Repurchase \| Overnight and Continuous
Offsetting Liabilities [Line Items]
Short-term Debt	2,052	1,735
Securities Sold under Agreements to Repurchase \| Overnight and Continuous \| U.S. Treasury
Offsetting Liabilities [Line Items]
Short-term Debt	318	749
Securities Sold under Agreements to Repurchase \| Overnight and Continuous \| State and Municipal
Offsetting Liabilities [Line Items]
Short-term Debt	272	0
Securities Sold under Agreements to Repurchase \| Overnight and Continuous \| GSE
Offsetting Liabilities [Line Items]
Short-term Debt	74	53
Securities Sold under Agreements to Repurchase \| Overnight and Continuous \| Agency MBS - residential
Offsetting Liabilities [Line Items]
Short-term Debt	1,019	720
Securities Sold under Agreements to Repurchase \| Overnight and Continuous \| Corporate and other debt securities
Offsetting Liabilities [Line Items]
Short-term Debt	369	213
Securities Sold under Agreements to Repurchase \| Up to 30 days
Offsetting Liabilities [Line Items]
Short-term Debt	76	700
Securities Sold under Agreements to Repurchase \| Up to 30 days \| U.S. Treasury
Offsetting Liabilities [Line Items]
Short-term Debt	0	409
Securities Sold under Agreements to Repurchase \| Up to 30 days \| State and Municipal
Offsetting Liabilities [Line Items]
Short-term Debt	0	0
Securities Sold under Agreements to Repurchase \| Up to 30 days \| GSE
Offsetting Liabilities [Line Items]
Short-term Debt	0	25
Securities Sold under Agreements to Repurchase \| Up to 30 days \| Agency MBS - residential
Offsetting Liabilities [Line Items]
Short-term Debt	26	141
Securities Sold under Agreements to Repurchase \| Up to 30 days \| Corporate and other debt securities
Offsetting Liabilities [Line Items]
Short-term Debt	$ 50	$ 125

Investment Securities - Narrati

Investment Securities - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Securities
Transfer of AFS securities to HTM	$ 59,436	$ 0	$ 0
Held to Maturity Discount Discount	3,700
Held to maturity basis adjustments	510
Debt Securities, Available-for-sale, Allowance for Credit Loss	$ 0	$ 0

Investment Securities - Amortiz

Investment Securities - Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
AFS securities:
Amortized Cost	$ 84,056	$ 155,088
Gross Unrealized Gains	15	755
Gross Unrealized Losses	12,270	2,720
AFS securities, Fair Value	71,801	153,123
HTM securities:
Amortized Cost	57,713	1,494
HTM securities, Fair Value	47,791	1,495
U.S. Treasury
AFS securities:
Amortized Cost	11,080	9,892
Gross Unrealized Gains	0	9
Gross Unrealized Losses	785	106
AFS securities, Fair Value	10,295	9,795
GSE
AFS securities:
Amortized Cost	339	1,667
Gross Unrealized Gains	0	33
Gross Unrealized Losses	36	2
AFS securities, Fair Value	303	1,698
Agency MBS - residential
AFS securities:
Amortized Cost	65,377	135,886
Gross Unrealized Gains	0	656
Gross Unrealized Losses	10,152	2,500
AFS securities, Fair Value	55,225	134,042
HTM securities:
Amortized Cost	57,713	1,494
Gross Unrealized Gains	0	1
Gross Unrealized Losses	9,922	0
HTM securities, Fair Value	47,791	1,495
Agency MBS - commercial
AFS securities:
Amortized Cost	2,887	2,928
Gross Unrealized Gains	0	18
Gross Unrealized Losses	463	64
AFS securities, Fair Value	2,424	2,882
States and political subdivisions
AFS securities:
Amortized Cost	425	382
Gross Unrealized Gains	15	39
Gross Unrealized Losses	24	1
AFS securities, Fair Value	416	420
Non-agency MBS
AFS securities:
Amortized Cost	3,927	4,305
Gross Unrealized Gains	0	0
Gross Unrealized Losses	810	47
AFS securities, Fair Value	3,117	4,258
Other
AFS securities:
Amortized Cost	21	28
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
AFS securities, Fair Value	$ 21	$ 28

Investment Securities - Amort_2

Investment Securities - Amortized Cost, Fair Value of MBS Issued by FNMA and FHLMC Exceeding 10% of Shareholders' Equity (Details) $ in Millions	Dec. 31, 2022 USD ($)
FNMA investments
Schedule of Debt Securities Exceeding Ten Percent of Stockholders Equity [Line Items]
Securities, amortized cost	$ 42,312
Securities, fair value	35,446
FHLMC investments
Schedule of Debt Securities Exceeding Ten Percent of Stockholders Equity [Line Items]
Securities, amortized cost	42,837
Securities, fair value	$ 35,632

Investment Securities - Amort_3

Investment Securities - Amortized Cost and Estimated Fair Value by Contractual Maturity (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
AFS, Amortized Cost
Due in one year or less	$ 1,665
Due after one year through five years	8,979
Due after five years through ten years	1,347
Due after ten years	72,065
Debt Securities, Available-for-sale, Amortized Cost, Total	84,056	$ 155,088
AFS, Fair Value
Due in one year or less	1,629
Due after one year through five years	8,297
Due after five years through ten years	1,245
Due after ten years	60,630
Debt Securities, Available-for-sale, Total	71,801	153,123
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date
Debt Securities, Held-to-Maturity, Amortized Cost, Total	57,713	1,494
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Fair Value
Debt Securities, Held-to-Maturity, Fair Value	47,791	1,495
U.S. Treasury
AFS, Amortized Cost
Due in one year or less	1,655
Due after one year through five years	8,876
Due after five years through ten years	520
Due after ten years	29
Debt Securities, Available-for-sale, Amortized Cost, Total	11,080	9,892
AFS, Fair Value
Due in one year or less	1,619
Due after one year through five years	8,196
Due after five years through ten years	455
Due after ten years	25
Debt Securities, Available-for-sale, Total	10,295	9,795
GSE
AFS, Amortized Cost
Due in one year or less	0
Due after one year through five years	7
Due after five years through ten years	11
Due after ten years	321
Debt Securities, Available-for-sale, Amortized Cost, Total	339	1,667
AFS, Fair Value
Due in one year or less	0
Due after one year through five years	7
Due after five years through ten years	10
Due after ten years	286
Debt Securities, Available-for-sale, Total	303	1,698
Agency MBS - residential
AFS, Amortized Cost
Due in one year or less	0
Due after one year through five years	16
Due after five years through ten years	569
Due after ten years	64,792
Debt Securities, Available-for-sale, Amortized Cost, Total	65,377	135,886
AFS, Fair Value
Due in one year or less	0
Due after one year through five years	15
Due after five years through ten years	534
Due after ten years	54,676
Debt Securities, Available-for-sale, Total	55,225	134,042
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	0
Due after ten years	57,713
Debt Securities, Held-to-Maturity, Amortized Cost, Total	57,713	1,494
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Fair Value
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	0
Due after ten years	47,791
Debt Securities, Held-to-Maturity, Fair Value	47,791	1,495
Agency MBS - commercial
AFS, Amortized Cost
Due in one year or less	1
Due after one year through five years	7
Due after five years through ten years	72
Due after ten years	2,807
Debt Securities, Available-for-sale, Amortized Cost, Total	2,887	2,928
AFS, Fair Value
Due in one year or less	1
Due after one year through five years	7
Due after five years through ten years	66
Due after ten years	2,350
Debt Securities, Available-for-sale, Total	2,424	2,882
States and political subdivisions
AFS, Amortized Cost
Due in one year or less	3
Due after one year through five years	73
Due after five years through ten years	160
Due after ten years	189
Debt Securities, Available-for-sale, Amortized Cost, Total	425	382
AFS, Fair Value
Due in one year or less	3
Due after one year through five years	72
Due after five years through ten years	165
Due after ten years	176
Debt Securities, Available-for-sale, Total	416	420
Non-agency MBS
AFS, Amortized Cost
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	0
Due after ten years	3,927
Debt Securities, Available-for-sale, Amortized Cost, Total	3,927	4,305
AFS, Fair Value
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	0
Due after ten years	3,117
Debt Securities, Available-for-sale, Total	3,117	4,258
Other
AFS, Amortized Cost
Due in one year or less	6
Due after one year through five years	0
Due after five years through ten years	15
Due after ten years	0
Debt Securities, Available-for-sale, Amortized Cost, Total	21	28
AFS, Fair Value
Due in one year or less	6
Due after one year through five years	0
Due after five years through ten years	15
Due after ten years	0
Debt Securities, Available-for-sale, Total	$ 21	$ 28

Investment Securities - Gross U

Investment Securities - Gross Unrealized Losses and Fair Values of Investments in Continuous Unrealized Loss Positions (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
AFS securities, Fair Value
Less than 12 months	$ 28,352	$ 115,791
12 months or more	43,118	3,655
Total	71,470	119,446
AFS securities, Unrealized Losses
Less than 12 months	3,439	2,564
12 months or more	8,831	156
Total	12,270	2,720
U.S. Treasury
AFS securities, Fair Value
Less than 12 months	2,069	8,412
12 months or more	8,186	582
Total	10,255	8,994
AFS securities, Unrealized Losses
Less than 12 months	49	88
12 months or more	736	18
Total	785	106
GSE
AFS securities, Fair Value
Less than 12 months	180	104
12 months or more	114	0
Total	294	104
AFS securities, Unrealized Losses
Less than 12 months	14	2
12 months or more	22	0
Total	36	2
Agency MBS - residential
AFS securities, Fair Value
Less than 12 months	25,041	101,262
12 months or more	30,050	2,638
Total	55,091	103,900
AFS securities, Unrealized Losses
Less than 12 months	3,263	2,377
12 months or more	6,889	123
Total	10,152	2,500
Debt Securities, Held-to-Maturity, Fair Value
Less than 12 months	29,369
12 months or more	18,422
Total	47,791
Debt Securities, Held-To-Maturity, Unrealized Losses
Less than 12 months	5,613
12 months or more	4,309
Total	9,922
Agency MBS - commercial
AFS securities, Fair Value
Less than 12 months	790	1,749
12 months or more	1,631	413
Total	2,421	2,162
AFS securities, Unrealized Losses
Less than 12 months	92	50
12 months or more	371	14
Total	463	64
States and political subdivisions
AFS securities, Fair Value
Less than 12 months	251	0
12 months or more	20	22
Total	271	22
AFS securities, Unrealized Losses
Less than 12 months	21	0
12 months or more	3	1
Total	24	1
Non-agency MBS
AFS securities, Fair Value
Less than 12 months	0	4,258
12 months or more	3,117	0
Total	3,117	4,258
AFS securities, Unrealized Losses
Less than 12 months	0	47
12 months or more	810	0
Total	810	47
Other
AFS securities, Fair Value
Less than 12 months	21	6
12 months or more	0	0
Total	21	6
AFS securities, Unrealized Losses
Less than 12 months	0	0
12 months or more	0	0
Total	$ 0	$ 0

Investments Securities - Gain (

Investments Securities - Gain (Loss) on Securities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Gain (Loss) on Securities [Line Items]
Noninterest income	$ 8,719	$ 9,290	$ 8,879
Securities gains (losses)
Gain (Loss) on Securities [Line Items]
Gross realized gains	13	0	404
Gross realized losses	(84)	0	(2)
Noninterest income	$ (71)	$ 0	$ 402

Loans and ACL - Narrative (Deta

Loans and ACL - Narrative (Details) $ in Millions	12 Months Ended
Loans and ACL - Narrative (Details) $ in Millions	Dec. 31, 2022 USD ($)
Commercial:
Financing Receivable
Allowance for Loan and Lease Losses, Period Increase (Decrease)	$ (149)
Consumer:
Financing Receivable
Allowance for Loan and Lease Losses, Period Increase (Decrease)	$ 81

Loans and ACL - Aging Analysis

Loans and ACL - Aging Analysis of Loans and Leases (Details) - USD ($) $ in Millions	Dec. 31, 2022		Dec. 31, 2021
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 325,991		$ 289,513
Nonperforming	1,188		1,090
Total loans and leases	325,991		289,513
Financial Asset, Not Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	320,931		284,449
Financing Receivables 30 To 89 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	2,267		2,044
Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	1,605		1,930
Commercial: \| Commercial and industrial
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	164,307		138,762
Nonperforming	398		394
Total loans and leases	164,307		138,762
Commercial: \| Commercial and industrial \| Financial Asset, Not Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	163,604		138,225
Commercial: \| Commercial and industrial \| Financing Receivables 30 To 89 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	256		130
Commercial: \| Commercial and industrial \| Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	49		13
Commercial: \| CRE
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	22,676		23,951
Nonperforming	82		29
Total loans and leases	22,676		23,951
Commercial: \| CRE \| Financial Asset, Not Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	22,568		23,902
Commercial: \| CRE \| Financing Receivables 30 To 89 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	25		20
Commercial: \| CRE \| Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	1		0
Commercial: \| Commercial construction
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	5,849		4,971
Nonperforming	0		7
Total loans and leases	5,849		4,971
Commercial: \| Commercial construction \| Financial Asset, Not Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	5,844		4,962
Commercial: \| Commercial construction \| Financing Receivables 30 To 89 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	5		2
Commercial: \| Commercial construction \| Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	0		0
Consumer: \| Residential mortgage
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	56,645		47,852
Nonperforming	240		296
Total loans and leases	56,645		47,852
Consumer: \| Residential mortgage \| Financial Asset, Not Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	55,005		46,033
Consumer: \| Residential mortgage \| Financing Receivables 30 To 89 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	614		514
Consumer: \| Residential mortgage \| Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	786	[1]	1,009	[2]
Consumer: \| Residential mortgage \| Financial Asset, Equal to or Greater than 90 Days Past Due \| Loans Insured or Guaranteed by US Government Authorities
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	759		978
Consumer: \| Residential home equity and direct
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	25,432		25,066
Nonperforming	173		141
Total loans and leases	25,432		25,066
Consumer: \| Residential home equity and direct \| Financial Asset, Not Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	25,117		24,809
Consumer: \| Residential home equity and direct \| Financing Receivables 30 To 89 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	127		107
Consumer: \| Residential home equity and direct \| Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	15		9
Consumer: \| Indirect auto
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	27,951		26,441
Nonperforming	289		218
Total loans and leases	27,951		26,441
Consumer: \| Indirect auto \| Financial Asset, Not Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	27,015		25,615
Consumer: \| Indirect auto \| Financing Receivables 30 To 89 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	646		607
Consumer: \| Indirect auto \| Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	1		1
Consumer: \| Indirect other
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	12,977		10,883
Nonperforming	6		5
Total loans and leases	12,977		10,883
Consumer: \| Indirect other \| Financial Asset, Not Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	12,833		10,811
Consumer: \| Indirect other \| Financing Receivables 30 To 89 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	128		64
Consumer: \| Indirect other \| Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	10		3
Consumer: \| Student
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	5,287		6,780
Nonperforming	0		0
Total loans and leases	5,287		6,780
Consumer: \| Student \| Financial Asset, Not Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	4,179		5,357
Consumer: \| Student \| Financing Receivables 30 To 89 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	402		555
Consumer: \| Student \| Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	706	[1]	868	[2]
Consumer: \| Student \| Financial Asset, Equal to or Greater than 90 Days Past Due \| Loans Insured or Guaranteed by US Government Authorities
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	702		864
Credit card
Financing Receivable [Line Items]
Nonperforming	0		0
Total loans and leases	4,867		4,807
Credit card \| Financial Asset, Not Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	4,766		4,735
Credit card \| Financing Receivables 30 To 89 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	64		45
Credit card \| Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 37		$ 27

[1] (1) Includes government guaranteed loans of $759 million in the residential mortgage portfolio and $702 million in the student portfolio. (1) Includes government guaranteed loans of $978 million in the residential mortgage portfolio and $864 million in the student portfolio.

Loans and ACL - Credit Quality

Loans and ACL - Credit Quality Indicator (Details) - USD ($) $ in Millions		Dec. 31, 2022		Dec. 31, 2021
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		$ 325,991		$ 289,513
Financing Receivable, Year One, Originated, Current Fiscal Year		91,819		79,918
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		58,390		41,719
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		28,512		34,135
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		21,376		20,029
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		11,830		12,253
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		33,635		36,138
Revolving Credit		76,710		61,667
Loans Converted to Term		3,981		3,515
Other (1)	[1]	(262)		139
Financial Asset, Not Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		320,931		284,449
Financing Receivables 30 To 89 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		2,267		2,044
Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		1,605		1,930
Credit card
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		4,867		4,807
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		0		0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0
Revolving Credit		4,849		4,780
Loans Converted to Term		18		27
Other (1)	[1]	0		0
Credit card \| Financial Asset, Not Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		4,766		4,735
Financing Receivable, Year One, Originated, Current Fiscal Year
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Originated, More than Five Years before Current Fiscal Year
Revolving Credit		4,750		4,711
Loans Converted to Term		16		24
Other (1)	[1]	0		0
Credit card \| Financing Receivables 30 To 89 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		64		45
Financing Receivable, Year One, Originated, Current Fiscal Year
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Originated, More than Five Years before Current Fiscal Year
Revolving Credit		63		43
Loans Converted to Term		1		2
Other (1)	[1]	0		0
Credit card \| Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		37		27
Financing Receivable, Year One, Originated, Current Fiscal Year
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Originated, More than Five Years before Current Fiscal Year
Revolving Credit		36		26
Loans Converted to Term		1		1
Other (1)	[1]	0		0
Commercial: \| Commercial and industrial
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		164,307		138,762
Financing Receivable, Year One, Originated, Current Fiscal Year		46,698		36,127
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		22,384		18,026
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		11,485		14,875
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		8,859		9,550
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		5,333		5,786
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		9,988		9,863
Revolving Credit		59,759		44,704
Loans Converted to Term		0		0
Other (1)	[1]	(199)		(169)
Commercial: \| Commercial and industrial \| Financial Asset, Not Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		163,604		138,225
Commercial: \| Commercial and industrial \| Financing Receivables 30 To 89 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		256		130
Commercial: \| Commercial and industrial \| Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		49		13
Commercial: \| Commercial and industrial \| Pass
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		159,327		133,982
Financing Receivable, Year One, Originated, Current Fiscal Year		45,890		35,530
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		21,642		17,430
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		11,219		14,105
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		8,258		8,994
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		4,977		5,633
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		9,686		9,424
Revolving Credit		57,854		43,035
Loans Converted to Term		0		0
Other (1)	[1]	(199)		(169)
Commercial: \| Commercial and industrial \| Special mention
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		1,718		1,866
Financing Receivable, Year One, Originated, Current Fiscal Year		243		195
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		302		221
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		143		326
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		160		317
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		61		46
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		88		70
Revolving Credit		721		691
Loans Converted to Term		0		0
Other (1)	[1]	0		0
Commercial: \| Commercial and industrial \| Substandard
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		2,864		2,520
Financing Receivable, Year One, Originated, Current Fiscal Year		518		352
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		387		356
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		113		395
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		413		197
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		249		91
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		187		335
Revolving Credit		997		794
Loans Converted to Term		0		0
Other (1)	[1]	0		0
Commercial: \| Commercial and industrial \| Nonperforming
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		398		394
Financing Receivable, Year One, Originated, Current Fiscal Year		47		50
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		53		19
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		10		49
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		28		42
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		46		16
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		27		34
Revolving Credit		187		184
Loans Converted to Term		0		0
Other (1)	[1]	0		0
Commercial: \| CRE
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		22,676		23,951
Financing Receivable, Year One, Originated, Current Fiscal Year		6,353		5,171
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		3,815		3,329
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		2,329		6,126
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		4,497		3,976
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		2,571		2,148
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		2,406		2,500
Revolving Credit		775		762
Loans Converted to Term		0		0
Other (1)	[1]	(70)		(61)
Commercial: \| CRE \| Financial Asset, Not Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		22,568		23,902
Commercial: \| CRE \| Financing Receivables 30 To 89 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		25		20
Commercial: \| CRE \| Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		1		0
Commercial: \| CRE \| Pass
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		20,846		20,698
Financing Receivable, Year One, Originated, Current Fiscal Year		6,141		4,836
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		3,595		2,946
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		2,220		5,109
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		3,846		3,201
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		2,092		1,774
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		2,265		2,131
Revolving Credit		757		762
Loans Converted to Term		0		0
Other (1)	[1]	(70)		(61)
Commercial: \| CRE \| Special mention
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		831		988
Financing Receivable, Year One, Originated, Current Fiscal Year		106		13
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		118		118
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		74		483
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		229		247
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		281		44
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		5		83
Revolving Credit		18		0
Loans Converted to Term		0		0
Other (1)	[1]	0		0
Commercial: \| CRE \| Substandard
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		917		2,236
Financing Receivable, Year One, Originated, Current Fiscal Year		106		321
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		99		264
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		35		523
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		422		528
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		121		321
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		134		279
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		0
Commercial: \| CRE \| Nonperforming
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		82		29
Financing Receivable, Year One, Originated, Current Fiscal Year		0		1
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		3		1
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		0		11
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		77		9
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		2		7
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		0
Commercial: \| Commercial construction
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		5,849		4,971
Financing Receivable, Year One, Originated, Current Fiscal Year		1,695		1,120
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		1,500		1,206
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		936		1,377
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		291		536
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		265		66
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		71		95
Revolving Credit		1,091		558
Loans Converted to Term		0		0
Other (1)	[1]	0		13
Commercial: \| Commercial construction \| Financial Asset, Not Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		5,844		4,962
Commercial: \| Commercial construction \| Financing Receivables 30 To 89 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		5		2
Commercial: \| Commercial construction \| Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		0		0
Commercial: \| Commercial construction \| Pass
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		5,455		4,679
Financing Receivable, Year One, Originated, Current Fiscal Year		1,501		1,113
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		1,500		1,179
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		825		1,259
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		290		419
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		212		44
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		71		95
Revolving Credit		1,056		558
Loans Converted to Term		0		0
Other (1)	[1]	0		12
Commercial: \| Commercial construction \| Special mention
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		208		136
Financing Receivable, Year One, Originated, Current Fiscal Year		80		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		14
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		93		72
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		0		50
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0
Revolving Credit		35		0
Loans Converted to Term		0		0
Other (1)	[1]	0		0
Commercial: \| Commercial construction \| Substandard
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		186		149
Financing Receivable, Year One, Originated, Current Fiscal Year		114		7
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		13
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		18		45
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		1		67
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		53		17
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		0
Commercial: \| Commercial construction \| Nonperforming
Financing Receivable
Financing Receivable, before Allowance for Credit Loss				7
Financing Receivable, Year One, Originated, Current Fiscal Year				0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year				0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year				1
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year				0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year				5
Financing Receivable, Originated, More than Five Years before Current Fiscal Year				0
Revolving Credit				0
Loans Converted to Term				0
Other (1)	[1]			1
Consumer: \| Residential mortgage
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		56,645		47,852
Financing Receivable, Year One, Originated, Current Fiscal Year		13,888		17,333
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		17,438		6,878
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		6,271		3,783
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		3,195		1,953
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		1,535		2,383
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		14,318		15,431
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		91
Consumer: \| Residential mortgage \| Financial Asset, Not Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		55,005		46,033
Financing Receivable, Year One, Originated, Current Fiscal Year		13,824		17,271
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		17,340		6,798
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		6,167		3,642
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		3,084		1,753
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		1,384		2,237
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		13,206		14,240
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		92
Consumer: \| Residential mortgage \| Financing Receivables 30 To 89 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		614		514
Financing Receivable, Year One, Originated, Current Fiscal Year		55		58
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		61		31
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		32		32
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		37		40
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		43		31
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		386		322
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		0
Consumer: \| Residential mortgage \| Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		786	[2]	1,009	[3]
Financing Receivable, Year One, Originated, Current Fiscal Year		5		3
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		31		44
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		62		91
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		62		133
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		91		95
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		535		643
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		0
Consumer: \| Residential mortgage \| Nonperforming
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		240		296
Financing Receivable, Year One, Originated, Current Fiscal Year		4		1
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		6		5
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		10		18
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		12		27
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		17		20
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		191		226
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		(1)
Consumer: \| Residential home equity and direct
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		25,432		25,066
Financing Receivable, Year One, Originated, Current Fiscal Year		5,128		4,972
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		3,157		2,641
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		1,495		1,731
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		848		695
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		300		190
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		305		435
Revolving Credit		10,236		10,863
Loans Converted to Term		3,963		3,488
Other (1)	[1]	0		51
Consumer: \| Residential home equity and direct \| Financial Asset, Not Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		25,117		24,809
Financing Receivable, Year One, Originated, Current Fiscal Year		5,111		4,962
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		3,130		2,630
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		1,481		1,717
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		834		691
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		296		189
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		297		425
Revolving Credit		10,121		10,757
Loans Converted to Term		3,847		3,388
Other (1)	[1]	0		50
Consumer: \| Residential home equity and direct \| Financing Receivables 30 To 89 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		127		107
Financing Receivable, Year One, Originated, Current Fiscal Year		12		8
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		16		8
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		8		10
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		7		3
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		2		1
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		2		3
Revolving Credit		58		53
Loans Converted to Term		22		21
Other (1)	[1]	0		0
Consumer: \| Residential home equity and direct \| Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		15		9
Financing Receivable, Year One, Originated, Current Fiscal Year		1		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		0		0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0
Revolving Credit		11		5
Loans Converted to Term		3		4
Other (1)	[1]	0		0
Consumer: \| Residential home equity and direct \| Nonperforming
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		173		141
Financing Receivable, Year One, Originated, Current Fiscal Year		4		2
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		11		3
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		6		4
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		7		1
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		2		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		6		7
Revolving Credit		46		48
Loans Converted to Term		91		75
Other (1)	[1]	0		1
Consumer: \| Indirect auto
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		27,951		26,441
Financing Receivable, Year One, Originated, Current Fiscal Year		11,835		10,846
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		7,392		6,877
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		4,272		4,499
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		2,617		2,296
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		1,190		1,158
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		638		576
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	7		189
Consumer: \| Indirect auto \| Financial Asset, Not Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		27,015		25,615
Financing Receivable, Year One, Originated, Current Fiscal Year		11,646		10,699
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		7,141		6,691
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		4,105		4,293
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		2,461		2,158
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		1,096		1,081
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		559		504
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	7		189
Consumer: \| Indirect auto \| Financing Receivables 30 To 89 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		646		607
Financing Receivable, Year One, Originated, Current Fiscal Year		147		119
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		174		138
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		111		145
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		100		97
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		60		56
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		54		52
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		0
Consumer: \| Indirect auto \| Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		1		1
Financing Receivable, Year One, Originated, Current Fiscal Year		1		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		0		0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		1
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		0
Consumer: \| Indirect auto \| Nonperforming
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		289		218
Financing Receivable, Year One, Originated, Current Fiscal Year		41		28
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		77		48
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		56		61
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		56		41
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		34		21
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		25		19
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		0
Consumer: \| Other
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		12,977		10,883
Financing Receivable, Year One, Originated, Current Fiscal Year		6,222		4,349
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		2,704		2,741
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		1,707		1,655
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		996		949
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		577		459
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		771		697
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		33
Consumer: \| Other \| Financial Asset, Not Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		12,833		10,811
Financing Receivable, Year One, Originated, Current Fiscal Year		6,159		4,333
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		2,675		2,724
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		1,686		1,638
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		980		937
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		569		455
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		764		691
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		33
Consumer: \| Other \| Financing Receivables 30 To 89 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		128		64
Financing Receivable, Year One, Originated, Current Fiscal Year		56		14
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		28		15
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		18		15
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		13		12
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		8		4
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		5		4
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		0
Consumer: \| Other \| Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		10		3
Financing Receivable, Year One, Originated, Current Fiscal Year		7		1
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		1		1
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		1		1
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		1		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		0
Consumer: \| Other \| Nonperforming
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		6		5
Financing Receivable, Year One, Originated, Current Fiscal Year		0		1
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		1
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		2		1
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		2		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		2		2
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		0
Consumer: \| Student
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		5,287		6,780
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		21
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		17		89
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		73		74
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		59		63
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		5,138		6,541
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		(8)
Consumer: \| Student \| Financial Asset, Not Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		4,179		5,357
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		21
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		17		88
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		71		73
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		57		61
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		4,034		5,122
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		(8)
Consumer: \| Student \| Financing Receivables 30 To 89 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		402		555
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		0		1
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		1		1
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		1		1
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		400		552
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	0		0
Consumer: \| Student \| Financial Asset, Equal to or Greater than 90 Days Past Due
Financing Receivable
Financing Receivable, before Allowance for Credit Loss		706	[2]	868	[3]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year		0		0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year		1		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		1		1
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		704		867
Revolving Credit		0		0
Loans Converted to Term		0		0
Other (1)	[1]	$ 0		$ 0

[1]Includes certain deferred fees and costs and other adjustments.[2] (1) Includes government guaranteed loans of $759 million in the residential mortgage portfolio and $702 million in the student portfolio. (1) Includes government guaranteed loans of $978 million in the residential mortgage portfolio and $864 million in the student portfolio.

Loans and ACL - Allowance for C

Loans and ACL - Allowance for Credit Losses (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision for credit losses		$ 777	$ (813)	$ 2,335
Commercial: \| Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		1,426	2,204	570
Charge-Offs		(143)	(243)	(412)
Recoveries		87	107	96
Provision for credit losses		39	(642)	952
Allowance for Loan and Lease Losses, Adjustments, Other	[1]	0	0	998
Ending balance		1,409	1,426	2,204
Commercial: \| CRE
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		350	573	150
Charge-Offs		(13)	(10)	(78)
Recoveries		8	6	5
Provision for credit losses		(121)	(219)	414
Allowance for Loan and Lease Losses, Adjustments, Other	[1]	0	0	82
Ending balance		224	350	573
Commercial: \| Commercial construction
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		52	81	52
Charge-Offs		(1)	(2)	(30)
Recoveries		5	4	11
Provision for credit losses		(10)	(31)	32
Allowance for Loan and Lease Losses, Adjustments, Other	[1]	0	0	16
Ending balance		46	52	81
Consumer: \| Residential mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		308	368	176
Charge-Offs		(9)	(23)	(56)
Recoveries		16	12	10
Provision for credit losses		84	(49)	(27)
Allowance for Loan and Lease Losses, Adjustments, Other	[1]	0	0	265
Ending balance		399	308	368
Consumer: \| Residential home equity and direct
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		615	714	107
Charge-Offs		(294)	(214)	(231)
Recoveries		81	79	66
Provision for credit losses		147	36	318
Allowance for Loan and Lease Losses, Adjustments, Other	[1]	0	0	454
Ending balance		549	615	714
Consumer: \| Indirect auto
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		1,022	1,198	304
Charge-Offs		(411)	(336)	(378)
Recoveries		91	92	87
Provision for credit losses		279	68	367
Allowance for Loan and Lease Losses, Adjustments, Other	[1]	0	0	818
Ending balance		981	1,022	1,198
Consumer: \| Indirect other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		195	208	60
Charge-Offs		(100)	(57)	(60)
Recoveries		23	24	23
Provision for credit losses		193	20	35
Allowance for Loan and Lease Losses, Adjustments, Other	[1]	0	0	150
Ending balance		311	195	208
Consumer: \| Student
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		117	130	0
Charge-Offs		(22)	(24)	(23)
Recoveries		1	1	1
Provision for credit losses		2	4	23
Allowance for Loan and Lease Losses, Adjustments, Other	[1]	0	6	129
Ending balance		98	117	130
Credit card
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		350	359	122
Charge-Offs		(176)	(150)	(182)
Recoveries		34	37	32
Provision for credit losses		152	104	212
Allowance for Loan and Lease Losses, Adjustments, Other	[1]	0	0	175
Ending balance		360	350	359
ALLL
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		4,435	5,835	1,549
Charge-Offs		(1,169)	(1,059)	(1,450)
Recoveries		346	362	331
Provision for credit losses		765	(709)	2,326
Allowance for Loan and Lease Losses, Adjustments, Other	[1]	0	6	3,079
Ending balance		4,377	4,435	5,835
RUFC
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		260	364	340
Charge-Offs		0	0	0
Recoveries		0	0	0
Provision for credit losses		12	(104)	9
Allowance for Loan and Lease Losses, Adjustments, Other	[1]	0	0	15
Ending balance		272	260	364
ACL
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		4,695	6,199	1,889
Charge-Offs		(1,169)	(1,059)	(1,450)
Recoveries		346	362	331
Provision for credit losses		777	(813)	2,335
Allowance for Loan and Lease Losses, Adjustments, Other	[1]	0	6	3,094
Ending balance		$ 4,649	4,695	6,199
PCI
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance			$ 0	8
Charge-Offs				0
Recoveries				0
Provision for credit losses				0
Allowance for Loan and Lease Losses, Adjustments, Other	[1]			(8)
Ending balance				$ 0

[1]Includes the amounts for the ALLL for PCD acquisitions, and other activity.

Loans and ACL - Nonperforming L

Loans and ACL - Nonperforming Loans (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Nonperforming [Line Items]
Recorded Investment Without an ALLL	$ 204	$ 145
Recorded Investment With an ALLL	984	945
Commercial: \| Commercial and industrial
Financing Receivable, Nonperforming [Line Items]
Recorded Investment Without an ALLL	120	125
Recorded Investment With an ALLL	278	269
Commercial: \| CRE
Financing Receivable, Nonperforming [Line Items]
Recorded Investment Without an ALLL	75	12
Recorded Investment With an ALLL	7	17
Commercial: \| Commercial construction
Financing Receivable, Nonperforming [Line Items]
Recorded Investment Without an ALLL	0	0
Recorded Investment With an ALLL	0	7
Consumer: \| Residential mortgage
Financing Receivable, Nonperforming [Line Items]
Recorded Investment Without an ALLL	4	4
Recorded Investment With an ALLL	236	292
Consumer: \| Residential home equity and direct
Financing Receivable, Nonperforming [Line Items]
Recorded Investment Without an ALLL	2	3
Recorded Investment With an ALLL	171	138
Consumer: \| Indirect auto
Financing Receivable, Nonperforming [Line Items]
Recorded Investment Without an ALLL	3	1
Recorded Investment With an ALLL	286	217
Consumer: \| Indirect other
Financing Receivable, Nonperforming [Line Items]
Recorded Investment Without an ALLL	0	0
Recorded Investment With an ALLL	$ 6	$ 5

Loans and ACL - Summary of Nonp

Loans and ACL - Summary of Nonperforming Assets and Residential Mortgage Loans in the Process of Foreclosure (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable
Nonperforming	$ 1,188	$ 1,090
Foreclosed real estate	4	8
Other foreclosed property	58	43
Total nonperforming assets	1,250	1,163
Residential mortgage loans in the process of foreclosure	248	135
LHFS
Financing Receivable
Nonperforming	$ 0	$ 22

Loans and ACL - Summary of TDRs

Loans and ACL - Summary of TDRs (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	$ 2,200	$ 1,542
ALLL attributable to TDRs	152	102
Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	1,986	1,390
Nonperforming TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	214	152
Commercial: \| Commercial and industrial \| Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	136	147
Commercial: \| CRE \| Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	5	5
Commercial: \| Commercial construction \| Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	1	0
Consumer: \| Residential mortgage \| Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	1,252	692
Consumer: \| Residential home equity and direct \| Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	76	98
Consumer: \| Indirect auto \| Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	462	389
Consumer: \| Indirect other \| Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	6	7
Consumer: \| Student \| Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	30	25
Credit card \| Performing TDRs
Financing Receivable [Line Items]
Financing Receivable, Troubled Debt Restructuring	$ 18	$ 27

Loans and ACL - Types of Modifi

Loans and ACL - Types of Modifications and Allowance at Period End (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Troubled Debt Restructuring	$ 2,200	$ 1,542
Newly Designated TDRs \| Commercial:
Financing Receivable, Troubled Debt Restructuring [Line Items]
Related ALLL at Period End	9	17	$ 24
Financing Receivable, Troubled Debt Restructuring, Premodification	78	193	290
Newly Designated TDRs \| Consumer:
Financing Receivable, Troubled Debt Restructuring [Line Items]
Related ALLL at Period End	56	36	49
Financing Receivable, Troubled Debt Restructuring, Premodification	1,107	606	797
Newly Designated TDRs \| Credit card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Related ALLL at Period End	4	5	10
Financing Receivable, Troubled Debt Restructuring, Premodification	8	12	28
Newly Designated TDRs \| Rate \| Commercial:
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	66	35	89
Newly Designated TDRs \| Rate \| Consumer:
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	496	284	543
Newly Designated TDRs \| Rate \| Credit card
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	8	11	29
Newly Designated TDRs \| Structure \| Commercial:
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	10	130	176
Newly Designated TDRs \| Structure \| Consumer:
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	627	312	240
Newly Designated TDRs \| Structure \| Credit card
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	0	0	0
Re-Modification of Previously Designated TDRs \| Rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	113	61	41
Re-Modification of Previously Designated TDRs \| Structure
Financing Receivable, Troubled Debt Restructuring [Line Items]
TDRs	133	38	$ 22
Performing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Troubled Debt Restructuring	1,986	1,390
Performing \| Commercial: \| Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Troubled Debt Restructuring	136	147
Performing \| Commercial: \| CRE
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Troubled Debt Restructuring	5	5
Performing \| Commercial: \| Commercial construction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Troubled Debt Restructuring	1	0
Performing \| Consumer: \| Residential mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Troubled Debt Restructuring	1,252	692
Performing \| Consumer: \| Residential home equity and direct
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Troubled Debt Restructuring	76	98
Performing \| Consumer: \| Indirect auto
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Troubled Debt Restructuring	462	389
Performing \| Consumer: \| Indirect other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Troubled Debt Restructuring	6	7
Performing \| Consumer: \| Student
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Troubled Debt Restructuring	30	25
Performing \| Credit card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Troubled Debt Restructuring	$ 18	$ 27

Loans and ACL - Selected Inform

Loans and ACL - Selected Information About Loans and Leases (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable [Line Items]
Unearned income, discounts, and net deferred loan fees and costs	$ 269	$ 849

Property, Plant, and Equipmen_2

Property, Plant, and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Other Assets and Liabilities
Total	$ 6,133	$ 6,313
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(2,528)	(2,613)
Property, Plant and Equipment, Net	3,605	3,700
Land and land improvements
Other Assets and Liabilities
Total	777	863
Buildings and building improvements
Other Assets and Liabilities
Total	$ 2,474	2,602
Estimated Useful Life (Years)	40 years
Furniture and equipment
Other Assets and Liabilities
Total	$ 1,706	1,656
Furniture and equipment \| Min
Other Assets and Liabilities
Estimated Useful Life (Years)	3 years
Furniture and equipment \| Max
Other Assets and Liabilities
Estimated Useful Life (Years)	15 years
Leasehold improvements
Other Assets and Liabilities
Total	$ 928	910
Construction in progress
Other Assets and Liabilities
Total	211	247
Finance leases
Other Assets and Liabilities
Total	$ 37	$ 35

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Narrative (Details) - CB&W - SunTrust Merchant Services, LLC $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Goodwill Adjustments [Line Items]
Asset Acquisition, Consideration Transferred	$ 175
Finite-Lived Intangible Assets, Period Increase (Decrease)	$ 282
Weighted average term	12 years
gain on redemption of nonontrolling interest	$ 74

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Rollforward of Goodwill by Operating Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 26,098	$ 24,447
Goodwill, Acquired During Period	912	1,724
Adjustments and other	3	(73)
Goodwill, Ending Balance	27,013	26,098
CB&W
Goodwill [Line Items]
Goodwill, Beginning Balance	16,870	15,841
Goodwill, Acquired During Period	0	1,168
Adjustments and other	(5)	(139)
Goodwill, Ending Balance	16,865	16,870
C&CB
Goodwill [Line Items]
Goodwill, Beginning Balance	6,149	6,167
Goodwill, Acquired During Period	0	0
Adjustments and other	5	(18)
Goodwill, Ending Balance	6,154	6,149
IH
Goodwill [Line Items]
Goodwill, Beginning Balance	3,079	2,439
Goodwill, Acquired During Period	912	556
Adjustments and other	3	84
Goodwill, Ending Balance	$ 3,994	$ 3,079

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Identifiable Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 6,285	$ 5,679
Accumulated Amortization	(2,613)	(2,271)
Net Carrying Amount	3,672	3,408
CDI
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,473	2,563
Accumulated Amortization	(1,403)	(1,190)
Net Carrying Amount	1,070	1,373
Other, primarily client relationship intangibles
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,812	3,116
Accumulated Amortization	(1,210)	(1,081)
Net Carrying Amount	$ 2,602	$ 2,035

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Estimated Amortization of Identifiable Intangible Assets (Details) $ in Millions	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 536
2024	477
2025	420
2026	372
2027	335
Thereafter	$ 1,532

Loan Servicing - Narrative (Det

Loan Servicing - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Servicing Assets at Fair Value [Line Items]
Loan servicing rights at fair value	$ 3,758	$ 2,633
Other
Servicing Assets at Fair Value [Line Items]
Loan servicing rights at fair value	$ 29	$ 48

Loan Servicing - Residential Mo

Loan Servicing - Residential Mortgage Banking Activities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Servicing fees recognized from mortgage loans serviced for others	$ 8,719	$ 9,290	$ 8,879
Residential mortgage
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
UPB of residential mortgage loan servicing portfolio	274,028	246,727	239,034
UPB of residential mortgage loans serviced for others, primarily agency conforming fixed rate	217,046	196,011	188,341
Mortgage loans sold with recourse	200	244	328
Maximum recourse exposure from mortgage loans sold with recourse liability	127	155	201
Indemnification, recourse and repurchase reserves	56	74	93
UPB of residential mortgage loans sold from LHFS	26,643	40,949	48,366
Pre-tax gains recognized on mortgage loans sold and held for sale	$ 69	$ 446	$ 1,034
Approximate weighted average servicing fee on the outstanding balance of residential mortgage loans serviced for others	0.31%	0.31%	0.32%
Weighted average interest rate on mortgage loans serviced for others	3.48%	3.44%	3.84%
Bank Servicing \| Residential mortgage
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Servicing fees recognized from mortgage loans serviced for others	$ 630	$ 592	$ 630

Loan Servicing - Analysis of Ac

Loan Servicing - Analysis of Activity in Residential MSRs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Servicing Asset at Fair Value, Amount [Roll Forward]
MSRs, carrying value, beginning balance	$ 2,633
MSRs, carrying value, ending balance	3,758	$ 2,633
Residential MSRs
Servicing Asset at Fair Value, Amount [Roll Forward]
MSRs, carrying value, beginning balance	2,305	1,778	$ 2,371
Additions	428	640	653
Change in fair value due to changes in valuation inputs or assumptions	766	225	(497)
Realization of expected net servicing cash flows, passage of time and other	(392)	(693)	(749)
MSRs, carrying value, ending balance	3,428	2,305	1,778
Residential MSRs \| Servicing rights acquisition
Servicing Asset at Fair Value, Amount [Roll Forward]
Additions	$ 321	$ 355	$ 0

Loan Servicing - Residential MS

Loan Servicing - Residential MSR Sensitivity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Residential MSRs
Servicing Assets at Fair Value [Line Items]
Composition of loans serviced for others	100%	100%
Residential MSRs \| Min
Servicing Assets at Fair Value [Line Items]
Prepayment speed	8.60%	11.40%
OAS	1.20%	1.50%
Residential MSRs \| Max
Servicing Assets at Fair Value [Line Items]
Prepayment speed	12.50%	15.30%
OAS	11.40%	10.70%
Residential MSRs \| Weighted Average
Servicing Assets at Fair Value [Line Items]
Prepayment speed	9%	13.80%
Effect on fair value of a 10% increase	$ (110)	$ (113)
Effect on fair value of a 20% increase	$ (211)	$ (216)
OAS	4%	4.20%
Effect on fair value of a 10% increase	$ (55)	$ (37)
Effect on fair value of a 20% increase	$ (108)	$ (73)
Weighted average life	6 years 9 months 18 days	5 years 2 months 12 days
Fixed-rate residential mortgage loans
Servicing Assets at Fair Value [Line Items]
Composition of loans serviced for others	99.50%	99.30%
Adjustable-rate residential mortgage loans
Servicing Assets at Fair Value [Line Items]
Composition of loans serviced for others	0.50%	0.70%

Loan Servicing - Commercial Mor

Loan Servicing - Commercial Mortgage Banking Activities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Servicing Assets at Fair Value [Line Items]
MSRs at fair value	$ 3,758	$ 2,633
CRE
Servicing Assets at Fair Value [Line Items]
UPB of CRE mortgages serviced for others	36,622	37,960
Mortgage loans sold with recourse	9,955	10,243
Maximum recourse exposure from CRE mortgages sold with recourse liability	2,861	2,958
Recorded reserves related to recourse exposure	17	16
CRE mortgages originated during the year-to-date period	7,779	9,380
MSRs at fair value	$ 301	$ 280

Other Assets and Liabilites - N

Other Assets and Liabilites - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Narrative [Abstract]
Bank-Owned Life Insurance	$ 7,600	$ 7,300

Other Assets and Liabilites - S

Other Assets and Liabilites - Schedule of Right of Use Assets and Future Maturities of Lease Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Right of Use Assets
Right-of-Use Asset, Operating Leases	$ 1,193	$ 1,168
Right-of-Use Asset, Finance Leases	$ 20	$ 22
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets (including $1,582 and $3,436 at fair value, respectively)	Other assets (including $1,582 and $3,436 at fair value, respectively)
Operating Lease Liabilities, Payments Due
2023	$ 311
2024	304
2025	269
2026	218
2027	183
Thereafter	433
Total lease payments, Operating Leases	1,718	1,715
Less: imputed interest, Operating Leases	173	115
Total lease liabilities	$ 1,545	$ 1,600
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities	Other Liabilities
Weighted Average Remaining Lease Term, Operating Leases	6 years 7 months 6 days	6 years 7 months 6 days
Weighted Average Discount Rate, Percent, Operating Leases	2.70%	2.30%
Operating Lease, Cost	$ 328	$ 319	$ 360
Finance Lease Liabilities, Payments, Due
2023	4
2024	5
2025	5
2026	4
2027	3
Thereafter	4
Total lease payments, Finance Leases	25	29
Less: imputed interest, Finance Leases	2	3
Total lease liabilities	$ 23	$ 26
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities	Other Liabilities
Weighted Average Remaining Lease Term, Finance Leases	5 years 7 months 6 days	6 years 4 months 24 days
Weighted Average Discount Rate, Percent, Finance Leases	3.40%	3.50%

Other Assets and Liabilites -_2

Other Assets and Liabilites - Schedule of Assets Held Under Operating Leases and Related Activities (Details) - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
Other Assets and Liabilities
Assets held under operating leases (1)	[1]	$ 2,090	$ 2,110
Accumulated depreciation		(550)	(539)
Net		$ 1,540	$ 1,571

[1]Includes certain land parcels subject to operating leases that have indefinite lives.

Deposits (Details)

Deposits (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Deposits [Abstract]
Noninterest-bearing deposits	$ 135,742	$ 145,892
Interest checking	110,464	115,754
Money market and savings	143,815	138,956
Time deposits	23,474	15,886
Total deposits	413,495	416,488
Time deposits greater than $250,000	8,205	$ 2,187
2023	21,458
2024	1,123
2025	369
2026	254
2027	261
Thereafter	$ 9

Borrowings - Short-term Borrowi

Borrowings - Short-term Borrowings (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Short-term Debt [Line Items]
Short-term Debt	$ 23,422	$ 5,292
Securities Sold under Agreements to Repurchase
Short-term Debt [Line Items]
Short-term Debt	2,128	2,435
FHLB Advances
Short-term Debt [Line Items]
Short-term Debt	18,900	0
Dealer Collateral
Short-term Debt [Line Items]
Short-term Debt	403	318
Master Notes
Short-term Debt [Line Items]
Short-term Debt	370	808
Securities sold short
Short-term Debt [Line Items]
Short-term Debt	1,551	1,731
Other Short-term Borrowings
Short-term Debt [Line Items]
Short-term Debt	$ 70	$ 0

Borrowings - Schedule of Long T

Borrowings - Schedule of Long Term Debt, Interest Rates and Maturity Dates (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Debt Instruments [Line Items]
Long-term Debt, Carrying Amount		$ 43,203	$ 35,913
Truist Financial Corporation
Debt Instruments [Line Items]
Long-term Debt, Carrying Amount		$ 17,625	16,504
Truist Financial Corporation \| Senior notes \| Fixed rate
Debt Instruments [Line Items]
Maturity Date Range, Start		Jan. 01, 2023
Maturity Date Range, End		Dec. 31, 2033
Debt Instrument, Interest Rate, Effective Percentage	[1]	3.04%
Long-term Debt, Carrying Amount		$ 14,107	13,271
Truist Financial Corporation \| Senior notes \| Fixed rate \| Min
Debt Instruments [Line Items]
Stated Rate		1.13%
Truist Financial Corporation \| Senior notes \| Fixed rate \| Max
Debt Instruments [Line Items]
Stated Rate		6.12%
Truist Financial Corporation \| Senior notes \| Floating rate
Debt Instruments [Line Items]
Maturity Date Range, Start		Jan. 01, 2025
Maturity Date Range, End		Dec. 31, 2025
Debt Instrument, Interest Rate, Effective Percentage	[1]	4.70%
Long-term Debt, Carrying Amount		$ 999	1,348
Truist Financial Corporation \| Senior notes \| Floating rate \| Min
Debt Instruments [Line Items]
Stated Rate		4.70%
Truist Financial Corporation \| Senior notes \| Floating rate \| Max
Debt Instruments [Line Items]
Stated Rate		4.70%
Truist Financial Corporation \| Subordinated notes \| Fixed rate
Debt Instruments [Line Items]
Maturity Date Range, Start		Jan. 01, 2026
Maturity Date Range, End		Dec. 31, 2033
Debt Instrument, Interest Rate, Effective Percentage	[1]	4.34%
Long-term Debt, Carrying Amount	[2]	$ 1,882	1,254
Truist Financial Corporation \| Subordinated notes \| Fixed rate \| Min
Debt Instruments [Line Items]
Stated Rate		3.88%
Truist Financial Corporation \| Subordinated notes \| Fixed rate \| Max
Debt Instruments [Line Items]
Stated Rate		6%
Truist Financial Corporation \| Capital Notes
Debt Instruments [Line Items]
Maturity Date Range, Start		Jan. 01, 2027
Maturity Date Range, End		Dec. 31, 2028
Debt Instrument, Interest Rate, Effective Percentage	[1]	6.21%
Long-term Debt, Carrying Amount	[2]	$ 625	620
Truist Financial Corporation \| Capital Notes \| Min
Debt Instruments [Line Items]
Stated Rate		4.72%
Truist Financial Corporation \| Capital Notes \| Max
Debt Instruments [Line Items]
Stated Rate		5.42%
Truist Financial Corporation \| Structured Notes
Debt Instruments [Line Items]
Maturity Date Range, Start		Jan. 31, 2023
Maturity Date Range, End		Dec. 31, 2023
Long-term Debt, Carrying Amount	[3]	$ 12	11
Truist Bank \| Senior notes \| Fixed rate
Debt Instruments [Line Items]
Maturity Date Range, Start		Jan. 01, 2023
Maturity Date Range, End		Dec. 31, 2025
Debt Instrument, Interest Rate, Effective Percentage	[1]	1.96%
Long-term Debt, Carrying Amount		$ 6,982	9,545
Truist Bank \| Senior notes \| Fixed rate \| Min
Debt Instruments [Line Items]
Stated Rate		1.25%
Truist Bank \| Senior notes \| Fixed rate \| Max
Debt Instruments [Line Items]
Stated Rate		4.05%
Truist Bank \| Senior notes \| Floating rate
Debt Instruments [Line Items]
Maturity Date Range, Start		Jan. 01, 2023
Maturity Date Range, End		Dec. 31, 2024
Debt Instrument, Interest Rate, Effective Percentage	[1]	4.65%
Long-term Debt, Carrying Amount		$ 1,749	2,399
Truist Bank \| Senior notes \| Floating rate \| Min
Debt Instruments [Line Items]
Stated Rate		4.50%
Truist Bank \| Senior notes \| Floating rate \| Max
Debt Instruments [Line Items]
Stated Rate		5.03%
Truist Bank \| Subordinated notes \| Fixed rate
Debt Instruments [Line Items]
Maturity Date Range, Start		Jan. 01, 2025
Maturity Date Range, End		Dec. 31, 2030
Debt Instrument, Interest Rate, Effective Percentage	[1]	3.01%
Long-term Debt, Carrying Amount	[2]	$ 4,767	5,043
Truist Bank \| Subordinated notes \| Fixed rate \| Min
Debt Instruments [Line Items]
Stated Rate		2.25%
Truist Bank \| Subordinated notes \| Fixed rate \| Max
Debt Instruments [Line Items]
Stated Rate		3.80%
Truist Bank \| FHLB advances \| Fixed rate
Debt Instruments [Line Items]
Maturity Date Range, Start		Jan. 01, 2023
Maturity Date Range, End		Dec. 31, 2034
Debt Instrument, Interest Rate, Effective Percentage	[1]	0.84%
Long-term Debt, Carrying Amount		$ 2	863
Truist Bank \| FHLB advances \| Fixed rate \| Min
Debt Instruments [Line Items]
Stated Rate		0%
Truist Bank \| FHLB advances \| Fixed rate \| Max
Debt Instruments [Line Items]
Stated Rate		3%
Truist Bank \| FHLB advances \| Floating rate
Debt Instruments [Line Items]
Maturity Date Range, Start		Jan. 01, 2024
Maturity Date Range, End		Jan. 01, 2026
Debt Instrument, Interest Rate, Effective Percentage	[1]	4.70%
Long-term Debt, Carrying Amount		$ 10,800	0
Truist Bank \| FHLB advances \| Floating rate \| Min
Debt Instruments [Line Items]
Stated Rate		4.57%
Truist Bank \| FHLB advances \| Floating rate \| Max
Debt Instruments [Line Items]
Stated Rate		4.77%
Truist Bank \| Other long-term debt
Debt Instruments [Line Items]
Long-term Debt, Carrying Amount	[4]	$ 1,278	1,263
Nonbank \| Other long-term debt
Debt Instruments [Line Items]
Long-term Debt, Carrying Amount	[5]	$ 0	$ 296

[1] (1) Includes the impact of debt issuance costs and purchase accounting, and excludes hedge accounting impacts.

Long-Term Debt - Schedule of Fu

Long-Term Debt - Schedule of Future Maturities of Long-Term Debt (Details) $ in Millions	Dec. 31, 2022 USD ($)	[1]
Debt Disclosure [Abstract]
2023	$ 4,651
2024	10,977
2025	10,332
2026	6,535
2027	2,344
Thereafter	$ 8,366

[1]Amounts include imputed interest of $2 million related to finance leases.

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants			$ 3,500
Repurchase of common stock	$ 250	$ 1,616
Repurchase of common stock (in shares)			0
Redemption of preferred stock		(1,415)	$ (500)
Common Stock
Class of Stock [Line Items]
Repurchase of common stock	$ 26	$ 138
Repurchase of common stock (in shares)	5,108,000	27,609,000
Common Stock
Class of Stock [Line Items]
Stock Repurchase Program, Authorized Amount	$ 4,100
Repurchase of common stock	$ 250
Repurchase of common stock (in shares)	5,100,000
Series F
Class of Stock [Line Items]
Stock Redeemed or Called During Period, Shares		18,000
Redemption of preferred stock		$ 450
Series G
Class of Stock [Line Items]
Stock Redeemed or Called During Period, Shares		20,000
Redemption of preferred stock		$ 500
Series H
Class of Stock [Line Items]
Stock Redeemed or Called During Period, Shares		18,600
Redemption of preferred stock		$ 465
Series K
Class of Stock [Line Items]
Stock Redeemed or Called During Period, Shares			5,000
Redemption of preferred stock			$ 500
Series B
Class of Stock [Line Items]
Stock Redeemed or Called During Period, Shares		1,000
Redemption of preferred stock		$ 100

Shareholders' Equity - Summary

Shareholders' Equity - Summary of Cash Dividends Declared per Share (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity [Abstract]
Cash dividends declared per share	$ 2	$ 1.86	$ 1.80

Shareholders' Equity - Summar_2

Shareholders' Equity - Summary of Preferred Stock (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Liquidation Amount		$ 6,726
Preferred Stock, Including Additional Paid in Capital, Net of Discount		6,673	$ 6,673
Series I
Class of Stock [Line Items]
Liquidation Amount	[1]	173
Preferred Stock, Including Additional Paid in Capital, Net of Discount	[1]	$ 168
Dividend Rate	[1],[2]	Variable
Series J
Class of Stock [Line Items]
Liquidation Amount	[1]	$ 103
Preferred Stock, Including Additional Paid in Capital, Net of Discount	[1]	$ 92
Dividend Rate	[1],[3]	Variable
Series L
Class of Stock [Line Items]
Liquidation Amount	[1]	$ 750
Preferred Stock, Including Additional Paid in Capital, Net of Discount	[1]	$ 766
Dividend Rate	[1],[4],[5]	Variable
Series M
Class of Stock [Line Items]
Liquidation Amount	[1]	$ 500
Preferred Stock, Including Additional Paid in Capital, Net of Discount	[1]	$ 516
Dividend Rate	[1],[6],[7]	5.125%
Series N
Class of Stock [Line Items]
Liquidation Amount		$ 1,700
Preferred Stock, Including Additional Paid in Capital, Net of Discount		$ 1,683
Dividend Rate	[8]	4.80%
Series O
Class of Stock [Line Items]
Liquidation Amount		$ 575
Preferred Stock, Including Additional Paid in Capital, Net of Discount		$ 559
Dividend Rate		5.25%
Series P
Class of Stock [Line Items]
Liquidation Amount		$ 1,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount		$ 992
Dividend Rate	[9]	4.95%
Series Q
Class of Stock [Line Items]
Liquidation Amount		$ 1,000
Preferred Stock, Including Additional Paid in Capital, Net of Discount		$ 992
Dividend Rate	[10]	5.10%
Series R
Class of Stock [Line Items]
Liquidation Amount		$ 925
Preferred Stock, Including Additional Paid in Capital, Net of Discount		$ 905
Dividend Rate		4.75%

[1]Converted security from previously issued SunTrust preferred stock. Each outstanding share of SunTrust perpetual preferred stock was converted into the right to receive one share of an applicable newly issued series of Truist preferred stock having substantially the same terms as such share of SunTrust preferred stock.[2]Dividend rate is the greater of 4.00% or 3-month LIBOR plus 0.530%, subject to transition to an alternative reference rate.[3]Dividend rate is the greater of 4.00% or 3-month LIBOR plus 0.645%, subject to transition to an alternative reference rate.[4]Dividend payments became quarterly on September 15, 2022.[5]Dividend rate of 3-month LIBOR plus 3.102% after June 15, 2022, subject to transition to an alternative reference rate. Prior to June 15, 2022, fixed dividend rate of 5.05%.[6]Dividend payments become quarterly after dividend rate reset.[7]Fixed dividend rate will reset on December 15, 2027, then dividend rate will be 3-month LIBOR plus 2.786%, subject to transition to an alternative reference rate.[8]Fixed dividend rate will reset on September 1, 2024, and on each following fifth anniversary of the reset date to the five-year U.S. Treasury rate plus 3.003%.[9]Fixed dividend rate will reset on December 1, 2025, and on each following fifth anniversary of the reset date to the five-year U.S. Treasury rate plus 4.605%.[10]Fixed dividend rate will reset on September 1, 2030, and on each following tenth anniversary of the reset date to the ten-year U.S. Treasury rate plus 4.349%.

AOCI (Details)

AOCI (Details) - USD ($) $ in Millions	12 Months Ended
AOCI (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Amounts reclassified from AOCI:
OCI	$ (11,997)	$ (2,320)	$ 1,560
Pension and OPEB Costs
AOCI, Net of Tax [Roll Forward]
AOCI, beginning balance	(86)	(875)	(1,122)
OCI before reclassifications, net of tax	(1,471)	767	190
Amounts reclassified from AOCI:
OCI	(1,449)	789	247
AOCI, ending balance	(1,535)	(86)	(875)
Pension and OPEB Costs \| Amounts reclassified from AOCI
Amounts reclassified from AOCI:
Before tax	29	29	75
Tax effect	7	7	18
Amounts reclassified, net of tax	22	22	57
Cash Flow Hedges
AOCI, Net of Tax [Roll Forward]
AOCI, beginning balance	(9)	(64)	(101)
OCI before reclassifications, net of tax	(78)	0	1
Amounts reclassified from AOCI:
OCI	(69)	55	37
AOCI, ending balance	(78)	(9)	(64)
Cash Flow Hedges \| Amounts reclassified from AOCI
Amounts reclassified from AOCI:
Before tax	12	72	48
Tax effect	3	17	12
Amounts reclassified, net of tax	9	55	36
AFS Securities
AOCI, Net of Tax [Roll Forward]
AOCI, beginning balance	(1,510)	1,654	380
OCI before reclassifications, net of tax	(10,792)	(3,459)	1,298
OCI, Debt Securities, Available-for-Sale, Transfer to Held-to-Maturity, Adjustment from AOCI for Amortization of Gain (Loss), before Tax	2,872
Amounts reclassified from AOCI:
OCI	(10,757)	(3,164)	1,274
AOCI, ending balance	(9,395)	(1,510)	1,654
AFS Securities \| Amounts reclassified from AOCI
Amounts reclassified from AOCI:
Before tax	45	384	(32)
Tax effect	10	89	(8)
Amounts reclassified, net of tax	35	295	(24)
HTM Securities
AOCI, Net of Tax [Roll Forward]
AOCI, beginning balance	0	0
OCI before reclassifications, net of tax	0	0
OCI, Debt Securities, Available-for-Sale, Transfer to Held-to-Maturity, Adjustment from AOCI for Amortization of Gain (Loss), before Tax	(2,872)
Amounts reclassified from AOCI:
OCI	284	0
AOCI, ending balance	(2,588)	0	0
HTM Securities \| Amounts reclassified from AOCI
Amounts reclassified from AOCI:
Before tax	367	0
Tax effect	83	0
Amounts reclassified, net of tax	284	0
Other, net
AOCI, Net of Tax [Roll Forward]
AOCI, beginning balance	1	1	(1)
OCI before reclassifications, net of tax	(6)	0	2
Amounts reclassified from AOCI:
OCI	(6)	0	2
AOCI, ending balance	(5)	1	1
Other, net \| Amounts reclassified from AOCI
Amounts reclassified from AOCI:
Before tax	0	0	0
Tax effect	0	0	0
Amounts reclassified, net of tax	0	0	0
Total
AOCI, Net of Tax [Roll Forward]
AOCI, beginning balance	(1,604)	716	(844)
OCI before reclassifications, net of tax	(12,347)	(2,692)	1,491
Amounts reclassified from AOCI:
OCI	(11,997)	(2,320)	1,560
AOCI, ending balance	(13,601)	(1,604)	716
Total \| Amounts reclassified from AOCI
Amounts reclassified from AOCI:
Before tax	453	485	91
Tax effect	103	113	22
Amounts reclassified, net of tax	$ 350	$ 372	$ 69

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Contingency [Line Items]
Provision for income taxes	$ 1,402	$ 1,556	$ 981
Effective Income Tax Rate, Percent	18.30%	19.50%	17.90%
Deferred Tax Assets, Valuation Allowance	$ 106	$ 105
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	80	72
Unrecognized Tax Benefits, Interest and Penalties on Income Taxes Accrued	11	9
Decrease in Unrecognized Tax Benefits is Reasonably Possible	14
State and Local Jurisdiction [Member]
Income Tax Contingency [Line Items]
Deferred Tax Assets, Valuation Allowance	$ 106	$ 105

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Provision (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current expense:
Federal	$ 930	$ 1,113	$ 979
State	115	91	155
Total current expense	1,045	1,204	1,134
Deferred expense:
Federal	302	235	(131)
State	55	117	(22)
Total deferred expense	357	352	(153)
Provision for income taxes	$ 1,402	$ 1,556	$ 981

Income Taxes - Schedule of Reco

Income Taxes - Schedule of Reconciliation Between Provision for Income Taxes and Amount Computed by Applying Federal Statutory Income Tax Rate (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Federal income taxes at statutory rate	$ 1,611	$ 1,679	$ 1,149
Increase (decrease) in provision for income taxes as a result of:
State income taxes, net of federal tax benefit	134	164	105
Income tax credits, net of amortization	(233)	(195)	(178)
Tax-exempt interest	(109)	(86)	(99)
Other, net	(1)	(6)	4
Provision for income taxes	$ 1,402	$ 1,556	$ 981
Effective Income Tax Rate Reconciliation, Tax Credit, Percent [Abstract]
Federal Income Taxes at Stuatory Rate, Percent	21%	21%	21%
State income taxes, net of federal tax benefit	1.70%	2.10%	1.90%
Income tax credits, net of amortization	(3.00%)	(2.40%)	(3.30%)
Tax-exempt interest	(1.40%)	(1.10%)	(1.80%)
Other, net	0%	(0.10%)	0.10%
Effective Income Tax Rate, Percent	18.30%	19.50%	17.90%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
DTAs:
ALLL	$ 1,022	$ 1,033
Employee compensation and benefits	765	819
Loans	0	53
Operating lease liability	372	389
Accruals and reserves	207	245
Federal and state NOLs and other carryforwards	125	113
Net unrealized losses in AOCI	4,150	488
Other	190	59
Total gross DTAs	6,831	3,199
Deferred Tax Assets, Valuation Allowance	(106)	(105)
Deferred Tax Assets, Net of Valuation Allowance, Total	6,725	3,094
DTLs:
Pension	1,532	1,416
Goodwill and other intangible assets	686	630
Equipment and auto leasing	422	465
MSRs	345	360
ROU assets	283	280
Loans	279	0
Other	151	173
Total DTLs	3,698	3,324
Deferred Tax Assets, Net, Total	$ 3,027
Net DTA (DTL)		$ (230)

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefis (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Contingency [Line Items]
Unrecognized Tax Benefits, Beginning Balance	$ 104	$ 133
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions	2	3
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	(2)	(16)
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions	9	8
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities	(4)	(14)
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	(12)	(10)
Unrecognized Tax Benefits, Ending Balance	$ 97	$ 104

Benefit Plans - Narrative (Deta

Benefit Plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
Benefit Plans - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Number of Highest Consecutive Years of Earnings			5 years
Defined benefit plan, final years of employment subject to earnings test			10 years
Expected long-term rate of return on plan assets			6.50%	6.70%	6.90%
Discretionary contributions			$ 431
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent			50%
Defined Contribution Plan, Minimum Age of Employees Covered			21 years
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Compensation, Maximum			6%
Defined Contribution Plan, Employer Contribution Expense			$ 257	$ 272	$ 272
Fair value of plan assets			11,652	15,824
Alternative Investments [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value of plan assets			735	513
Subsequent Event
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discretionary contributions	$ 1,300
Forecast
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected long-term rate of return on plan assets		6.70%
Qualified Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value of plan assets			$ 12,462	$ 16,399	$ 14,635
Weighted average assumed discount rate			5.30%	3.18%

Benefit Plans - Summary of the

Benefit Plans - Summary of the Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net periodic pension cost:
Service cost	$ 548	$ 612	$ 518
Interest cost	351	319	313
Estimated return on plan assets	(1,078)	(998)	(866)
Net amortization and other	$ 35	35	76
Interest Cost Income Statement Location	Other expense
Estimated return on plan assets income statement location	Other expense
Net amortization and other income statement location	Other expense
Net periodic benefit cost (income)	$ (144)	(32)	41
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss) [Abstract]
Net actuarial loss (gain)	1,949	(1,012)	(244)
Net amortization	(35)	(35)	(77)
Net amount recognized in OCI	1,914	(1,047)	(321)
Total net periodic pension costs (income) recognized in total comprehensive income, pre-tax	$ 1,770	$ (1,079)	$ (280)
Weighted average assumptions used to determine net periodic pension cost:
Discount rate	3.18%	2.94%	3.45%
Expected long-term rate of return on plan assets	6.50%	6.70%	6.90%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Weighted-Average Interest Crediting Rate	4%	3%	3%
Assumed long-term rate of annual compensation increases	4.50%	4.50%	4.50%

Benefit Plans - Changes in Proj

Benefit Plans - Changes in Projected Benefit Obligations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Service cost	$ 548	$ 612	$ 518
Interest cost	351	319	313
Qualified Plan
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Projected benefit obligation, beginning balance	10,461	10,277
Service cost	503	573
Interest cost	327	300
Actuarial (gain) loss (1)	(3,013)	(371)
Benefits paid	(354)	(318)
Projected benefit obligation, ending balance	7,924	10,461	10,277
Accumulated benefit obligation, end of year	$ 7,070	$ 9,231
Weighted average assumptions used to determine projected benefit obligations:
Weighted average assumed discount rate	5.30%	3.18%
Assumed rate of annual compensation increases	4.50%	4.50%
Nonqualified Plans
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Projected benefit obligation, beginning balance	$ 740	$ 661
Service cost	45	39
Interest cost	25	20
Actuarial (gain) loss (1)	(130)	40
Benefits paid	(25)	(20)
Projected benefit obligation, ending balance	655	740	$ 661
Accumulated benefit obligation, end of year	$ 517	$ 578
Weighted average assumptions used to determine projected benefit obligations:
Weighted average assumed discount rate	5.30%	3.18%
Assumed rate of annual compensation increases	4.50%	4.50%

Benefit Plans - Changes in Fair

Benefit Plans - Changes in Fair Value of Plan Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning balance	$ 15,824
Fair value of plan assets, ending balance	11,652	$ 15,824
Qualified Plan
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning balance	16,399	14,635
Actual return (loss) on plan assets	(4,014)	1,679
Employer contributions	431	403
Benefits paid	(354)	(318)
Fair value of plan assets, ending balance	12,462	16,399
Funded status, end of year	4,538	5,938
Nonqualified Plans
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning balance	0	0
Actual return (loss) on plan assets	0	0
Employer contributions	25	20
Benefits paid	(25)	(20)
Fair value of plan assets, ending balance	0	0
Funded status, end of year	$ (655)	$ (740)

Benefit Plans - Schedule of Pre

Benefit Plans - Schedule of Pre-tax Amounts recognized in AOCI (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Qualified Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Prior service credit (cost)	$ (40)	$ (65)
Net actuarial gain (loss)	(1,884)	194
Net amount recognized	(1,924)	129
Nonqualified Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Prior service credit (cost)	39	58
Net actuarial gain (loss)	(116)	(274)
Net amount recognized	$ (77)	$ (216)

Benefit Plans - Schedule of Est

Benefit Plans - Schedule of Estimated Future Benefit Payments (Details) $ in Millions	Dec. 31, 2022 USD ($)
Qualified Plan
Defined Benefit Plan Disclosure [Line Items]
2023	$ 352
2024	360
2025	376
2026	394
2027	413
2028-2032	2,372
Nonqualified Plans
Defined Benefit Plan Disclosure [Line Items]
2023	28
2024	35
2025	32
2026	34
2027	35
2028-2032	$ 205

Benefit Plans - Schedule of Fai

Benefit Plans - Schedule of Fair Value of Pension Plan Assets by Three Level Fair Value Hierarchy (Details) - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		$ 11,652	$ 15,824
Cash and cash-equivalents (1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	314	212
U.S. equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		3,171	5,452
International equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		1,672	2,378
Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		6,495	7,782
Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		2,185	3,216
Level 1 \| Cash and cash-equivalents (1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	314	212
Level 1 \| U.S. equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		1,602	2,744
Level 1 \| International equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		269	260
Level 1 \| Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0	0
Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		9,467	12,608
Level 2 \| Cash and cash-equivalents (1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0	0
Level 2 \| U.S. equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		1,569	2,708
Level 2 \| International equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		1,403	2,118
Level 2 \| Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		$ 6,495	$ 7,782
Minimum \| U.S. equity securities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage		19.50%
Minimum \| International equity securities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage		5.50%
Minimum \| Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage		50%
Maximum \| U.S. equity securities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage		29.50%
Maximum \| International equity securities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage		15.50%
Maximum \| Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage		60%

[1]ncludes funds held in a short-term, government money-market fund.

Benefit Plans - Summary of Equi

Benefit Plans - Summary of Equity-Based Compensation Plans (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2022 shares
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Shares available for future grants	41,981
Min
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Vesting period	1 year
Max
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Vesting period	5 years

Benefit Plans - Summary of Eq_2

Benefit Plans - Summary of Equity-Based Compensation - (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Equity-based compensation expense	$ 318	$ 320	$ 353
Income tax benefit from equity-based compensation expense	74	75	84
Intrinsic value of options exercised, and RSUs and PSUs that vested during the year	350	474	412
Grant date fair value of equity-based awards that vested during the year	290	395	420
Unrecognized compensation cost related to equity-based awards	$ 287	$ 254	$ 234
Weighted-average life over which compensation cost is expected to be recognized	2 years 8 months 12 days	2 years 6 months	2 years 3 months 18 days

Benefit Plans - Rollforward of

Benefit Plans - Rollforward of RSUs, PSUs and Restricted Shares - (Details) - RSUs, PSUs and Restricted Shares shares in Thousands	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Units/Shares
Nonvested, beginning balance (in units/shares) \| shares	17,061
Granted (in units/shares) \| shares	7,492
Vested (in units/shares) \| shares	(5,706)
Forfeited (in units/shares) \| shares	(1,161)
Nonvested, ending balance (in units/shares) \| shares	17,686
Wtd. Avg. Grant Date Fair Value
Nonvested, beginning balance (in usd per units/share) \| $ / shares	$ 50.01
Granted (in usd per units/share) \| $ / shares	56.11
Vested (in usd per units/share) \| $ / shares	50.85
Forfeited (in usd per units/share) \| $ / shares	53.43
Nonvested, ending balance (in usd per units/share) \| $ / shares	$ 52.33

Commitments and Contingencies -

Commitments and Contingencies - Narrative - (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Other Commitments [Line Items]
Other Liabilities	$ 14,598	$ 14,277
Trading assets at fair value	4,905	4,423
Variable Interest Entity & TRS Contracts
Other Commitments [Line Items]
VIE Assets	1,830	1,519
Other Liabilities	163	50
Trading assets at fair value	1,790	$ 1,491
Max
Loss Contingency [Abstract]
Loss Contingency, Range of Possible Loss, Portion Not Accrued	$ 200

Commitments and Contingencies_2

Commitments and Contingencies - Summary (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Tax Credit and Certain Equity Investments
Trading assets at fair value	$ 4,905	$ 4,423
Other Liabilities	14,598	14,277
Variable Interest Entity, Primary Beneficiary [Member]
Tax Credit and Certain Equity Investments
VIE Assets	1,830	1,519
Trading assets at fair value	1,790	1,491
Other Liabilities	163	50
Investments in affordable housing projects
Tax Credit and Certain Equity Investments
Carrying amount	4,589	4,107
Amount of future funding commitments included in carrying amount	1,762	1,285
Lending exposure	1,547	763
Renewable Energy Investments
Tax Credit and Certain Equity Investments
Carrying amount	264	257
Amount of future funding commitments not included in carrying amount	361	71
Private equity and certain other equity method investments:
Tax Credit and Certain Equity Investments
Carrying amount	1,876	1,822
Amount of future funding commitments not included in carrying amount	$ 532	$ 411

Commitments and Contingencies_3

Commitments and Contingencies - Tax Credits and Amortization (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022		Dec. 31, 2021	Dec. 31, 2020
Investments in affordable housing projects
Income Tax Contingency [Line Items]
Investment tax credit	$ 483		$ 477	$ 454
Amortization and other changes in carrying amount	487		472	455
Other Community Development Investment
Income Tax Contingency [Line Items]
Investment tax credit	100		103	96
Amortization and other changes in carrying amount	81		86	81
Renewable energy investments
Income Tax Contingency [Line Items]
Investment tax credit	206	[1]	157	159
Amortization and other changes in carrying amount	$ 4		$ 4	$ 4

[1]Tax credits received for these investments are recorded as a reduction to the carrying value of these investments

Commitments and Contingencies_4

Commitments and Contingencies - Off-Balance Sheet Financial Instruments (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Residential mortgage
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Notional amount	$ 200	$ 244	$ 328
CRE
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Notional amount	9,955	10,243
Indirect other
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Notional amount	723	588
Commitments to extend, originate, or purchase credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Notional amount	216,838	198,658
Letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Notional amount	$ 6,030	$ 5,568

Commitments and Contingencies_5

Commitments and Contingencies - Pledged Assets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans and leases (including $18 and $23 at fair value, respectively)	$ 325,991	$ 289,513
Asset Pledged as Collateral
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Securities, fair value	38,012	29,678
Federal Reserve Bank Advances [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	49,250	52,170
Federal Reserve Bank Advances [Member] \| Asset Pledged as Collateral
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans and leases (including $18 and $23 at fair value, respectively)	71,234	73,349
FHLB Advances
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	20,770	49,244
FHLB Advances \| Asset Pledged as Collateral
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans and leases (including $18 and $23 at fair value, respectively)	$ 68,988	$ 64,698

Regulatory Requirements and O_3

Regulatory Requirements and Other Restrictions Regulatory Requirements (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Supplementary Leverage Capital:
Banking Regulation, Additional Capital Requirement	$ 2,700
Truist Financial Corporation
CET1 Capital:
Minimum Capital (1)	4.50%
Actual Capital, Ratio	9%	9.60%
Actual Capital, Amount	$ 39,098	$ 37,524
Tier 1 Capital:
Minimum Capital (1)	6%
Well Capitalized	6%
Actual Capital, Ratio	10.50%	11.30%
Actual Capital, Amount	$ 45,768	$ 44,194
Total Capital:
Minimum Capital (1)	8%
Well Capitalized	10%
Actual Capital, Ratio	12.40%	13.20%
Actual Capital, Amount	$ 54,072	$ 51,518
Leverage Capital:
Minimum Capital (1)	4%
Actual Capital, Ratio	8.50%	8.70%
Actual Capital, Amount	$ 45,768	$ 44,194
Supplementary Leverage Capital:
Minimum Capital (1)	3%
Actual Capital, Ratio	7.30%	7.40%
Actual Capital, Amount	$ 45,768	$ 44,194
Truist Financial Corporation \| Min
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Stressed Capital Conservation Buffer	2.50%
Truist Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Banking Regulation, Capital Conservation Buffer, Capital Conserved, Minimum	2.50%
CET1 Capital:
Minimum Capital (1)	4.50%
Actual Capital, Ratio	10.60%	10.50%
Well Capitalized	6.50%
Actual Capital, Amount	$ 45,237	$ 39,908
Tier 1 Capital:
Minimum Capital (1)	6%
Well Capitalized	8%
Actual Capital, Ratio	10.60%	10.50%
Actual Capital, Amount	$ 45,237	$ 39,908
Total Capital:
Minimum Capital (1)	8%
Well Capitalized	10%
Actual Capital, Ratio	12.10%	12%
Actual Capital, Amount	$ 51,633	$ 45,562
Leverage Capital:
Minimum Capital (1)	4%
Well Capitalized	5%
Actual Capital, Ratio	8.50%	8%
Actual Capital, Amount	$ 45,237	$ 39,908
Supplementary Leverage Capital:
Minimum Capital (1)	3%
Actual Capital, Ratio	7.30%	6.90%
Actual Capital, Amount	$ 45,237	$ 39,908

Fair Value Disclosures - Narrat

Fair Value Disclosures - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Investments excluded from Fair Value Hierarchy, net asset value practical expedient	$ 385	$ 440
Loans Held-for-sale	1,065	3,544
Carrying value of unfunded commitments	272	260
Carrying Amount
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Loans Held-for-sale	$ 108	$ 1,200

Fair Value Disclosures - Assets

Fair Value Disclosures - Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
Assets
Trading assets		$ 4,905	$ 4,423
AFS securities at fair value		71,801	153,123
Loans Held for Sale, Fair Value		1,065	3,544
Loans and leases		18	23
Loan servicing rights at fair value		3,758	2,633
Derivative Asset, Net		684	2,370
Derivative Asset, Gross		2,453	4,027
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset		(1,769)	(1,657)
Equity securities		898	1,066
Total assets		83,129	167,182
Liabilities
Derivative liabilities		2,971	586
Derivative Liability, Gross		4,749	3,536
Amount Offset		1,778	2,950
Financial Instruments Sold, Not yet Purchased, at Fair Value		1,551	1,731
Total liabilities		4,522	2,317
Level 1
Assets
Trading assets		261	285
AFS securities at fair value		0	0
Loans Held for Sale, Fair Value		0	0
Loans and leases		0	0
Loan servicing rights at fair value		0	0
Derivative Asset, Gross		472	887
Equity securities		796	967
Total assets		1,529	2,139
Liabilities
Derivative Liability, Gross		364	438
Financial Instruments Sold, Not yet Purchased, at Fair Value		114	8
Total liabilities		478	446
Level 2
Assets
Trading assets		4,644	4,138
AFS securities at fair value		71,801	153,123
Loans Held for Sale, Fair Value		1,065	3,544
Loans and leases		0	0
Loan servicing rights at fair value		0	0
Derivative Asset, Gross		1,980	3,110
Equity securities		102	99
Total assets		79,592	164,014
Liabilities
Derivative Liability, Gross		4,348	3,056
Financial Instruments Sold, Not yet Purchased, at Fair Value		1,437	1,723
Total liabilities		5,785	4,779
Level 3
Assets
Trading assets		0	0
AFS securities at fair value		0	0
Loans Held for Sale, Fair Value		0	0
Loans and leases		18	23
Loan servicing rights at fair value		3,758	2,633
Derivative Asset, Gross		1	30
Equity securities		0	0
Total assets		3,777	2,686
Liabilities
Derivative Liability, Gross		37	42
Financial Instruments Sold, Not yet Purchased, at Fair Value		0	0
Total liabilities		37	42
U.S. Treasury
Assets
Trading assets		137	125
AFS securities at fair value		10,295	9,795
U.S. Treasury \| Level 1
Assets
Trading assets		0	0
AFS securities at fair value		0	0
U.S. Treasury \| Level 2
Assets
Trading assets		137	125
AFS securities at fair value		10,295	9,795
U.S. Treasury \| Level 3
Assets
Trading assets		0	0
AFS securities at fair value		0	0
GSE
Assets
Trading assets		457	306
AFS securities at fair value		303	1,698
GSE \| Level 1
Assets
Trading assets		0	0
AFS securities at fair value		0	0
GSE \| Level 2
Assets
Trading assets		457	306
AFS securities at fair value		303	1,698
GSE \| Level 3
Assets
Trading assets		0	0
AFS securities at fair value		0	0
Agency MBS - residential
Assets
Trading assets		804	1,016
AFS securities at fair value		55,225	134,042
Agency MBS - residential \| Level 1
Assets
Trading assets		0	0
AFS securities at fair value		0	0
Agency MBS - residential \| Level 2
Assets
Trading assets		804	1,016
AFS securities at fair value		55,225	134,042
Agency MBS - residential \| Level 3
Assets
Trading assets		0	0
AFS securities at fair value		0	0
Agency MBS - commercial
Assets
Trading assets		62	13
AFS securities at fair value		2,424	2,882
Agency MBS - commercial \| Level 1
Assets
Trading assets		0	0
AFS securities at fair value		0	0
Agency MBS - commercial \| Level 2
Assets
Trading assets		62	13
AFS securities at fair value		2,424	2,882
Agency MBS - commercial \| Level 3
Assets
Trading assets		0	0
AFS securities at fair value		0	0
States and political subdivisions
Assets
Trading assets		422	91
AFS securities at fair value		416	420
States and political subdivisions \| Level 1
Assets
Trading assets		0	0
AFS securities at fair value		0	0
States and political subdivisions \| Level 2
Assets
Trading assets		422	91
AFS securities at fair value		416	420
States and political subdivisions \| Level 3
Assets
Trading assets		0	0
AFS securities at fair value		0	0
Corporate and other debt securities
Assets
Trading assets		761	738
Corporate and other debt securities \| Level 1
Assets
Trading assets		0	0
Corporate and other debt securities \| Level 2
Assets
Trading assets		761	738
Corporate and other debt securities \| Level 3
Assets
Trading assets		0	0
Loans
Assets
Trading assets		1,960	1,791
Loans \| Level 1
Assets
Trading assets		0	0
Loans \| Level 2
Assets
Trading assets		1,960	1,791
Loans \| Level 3
Assets
Trading assets		0	0
Other
Assets
Trading assets		302	343
AFS securities at fair value		21	28
Other \| Level 1
Assets
Trading assets		261	285
AFS securities at fair value		0	0
Other \| Level 2
Assets
Trading assets		41	58
AFS securities at fair value		21	28
Other \| Level 3
Assets
Trading assets		0	0
AFS securities at fair value		0	0
Non-agency MBS
Assets
AFS securities at fair value		3,117	4,258
Non-agency MBS \| Level 1
Assets
AFS securities at fair value		0	0
Non-agency MBS \| Level 2
Assets
AFS securities at fair value		3,117	4,258
Fair Value, Concentration of Credit Risk, Master Netting Arrangements
Assets
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset	[1]	(1,769)	(1,657)
Liabilities
Amount Offset	[1]	$ (1,778)	$ (2,950)

[1]Refer to “Note 19. Derivative Financial Instruments” for additional discussion on netting adjustments.

Fair Value Disclosures - Rollfo

Fair Value Disclosures - Rollforward of Level 3 Assets and Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Primary income statement location Non-agency MBS	Securities gains (losses)
Primary income statement location loan servicing rights	Mortgage banking income
Primary income statement location loan servicing rights	Mortgage banking income
Non-agency MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 0	$ 0	$ 368
Included in earnings	0	0	306
Included in unrealized net holding gains (losses) in OCI			(178)
Purchases	0	0	0
Issuances	0	0	0
Sales	0	0	(481)
Settlements	0	0	(15)
Transfers out of level 3 and other			0
Acquisitions
Ending balance	0	0	0
Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held	0
Loans and Leases
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	23	0	0
Included in earnings	0	(1)	0
Included in unrealized net holding gains (losses) in OCI			0
Purchases	0	0	0
Issuances	0	0	0
Sales	0	0	0
Settlements	(5)	0	0
Transfers out of level 3 and other			0
Acquisitions		24
Ending balance	18	23	0
Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held	0
Loan Servicing Rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	2,633	2,023	2,618
Included in earnings	801	233	(550)
Included in unrealized net holding gains (losses) in OCI			0
Purchases	321	355	0
Issuances	482	715	711
Sales	(9)	(1)	0
Settlements	(470)	(741)	(756)
Transfers out of level 3 and other			0
Acquisitions		49
Ending balance	3,758	2,633	2,023
Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held	801
Net Derivatives
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	(12)	172	19
Included in earnings	(323)	(96)	467
Included in unrealized net holding gains (losses) in OCI			0
Purchases	0	0	0
Issuances	2	305	780
Sales	0	0	0
Settlements	297	(393)	(1,094)
Transfers out of level 3 and other			0
Acquisitions
Ending balance	(36)	(12)	172
Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held	(21)
Private Equity Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	0	0	440
Included in earnings	0	0	2
Included in unrealized net holding gains (losses) in OCI			0
Purchases	0	0	27
Issuances	0	0	0
Sales	0	0	0
Settlements	0	0	(21)
Transfers out of level 3 and other			(448)
Acquisitions
Ending balance	0	$ 0	$ 0
Change in unrealized gains (losses) included in earnings for the period, attributable to assets and liabilities still held	$ 0

Fair Value Disclosures - Fair V

Fair Value Disclosures - Fair Value Option (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Fair Value Disclosures
Loans Receivable, Fair Value Disclosure	$ 18	$ 23
Loans Held for Sale, Fair Value	1,065	3,544
UPB	1,056	3,450
Difference	9	94
Trading loans
Fair Value Disclosures
Trading Loans, Fair Value	1,960	1,791
UPB	2,101	1,784
Difference	(141)	7
Loans and leases
Fair Value Disclosures
UPB	20	35
Difference	$ (2)	$ (12)

Fair Value Disclosures - Measur

Fair Value Disclosures - Measured on a Nonrecurring Basis (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	$ 18	$ 23
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	18	23
LHFS \| Nonrecurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value:	271	101
Valuation adjustments:	(9)	(27)	$ (101)
Loans and Leases \| Nonrecurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Receivable, Fair Value Disclosure	500	443
Valuation adjustments:	(420)	(455)	(731)
Other \| Nonrecurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value:	120	100
Valuation adjustments:	$ (159)	$ (178)	$ (175)

Fair Value Disclosures - Financ

Fair Value Disclosures - Financial Assets and Liabilities Not Recorded at Fair Value (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Financial assets:
HTM securities	$ 47,791	$ 1,495
Loans and leases HFI, net of ALLL	321,614	285,078
Financial liabilities:
Time deposits	23,474	15,886
Long-term debt	43,203	35,913
Carrying Amount \| Level 2
Financial assets:
HTM securities	57,713	1,494
Financial liabilities:
Time deposits	23,474	15,886
Long-term debt	43,203	35,913
Carrying Amount \| Level 3
Financial assets:
Loans and leases HFI, net of ALLL	321,596	285,055
Fair Value \| Level 2
Financial assets:
HTM securities	47,791	1,495
Financial liabilities:
Time deposits	23,383	16,017
Long-term debt	40,951	36,251
Fair Value \| Level 3
Financial assets:
Loans and leases HFI, net of ALLL	$ 308,738	$ 284,914

Derivative Financial Instrume_3

Derivative Financial Instruments - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Amortized Cost	$ 84,056	$ 155,088
Fair value hedges \| Available-for-sale Securities
Derivative [Line Items]
Amortized Cost	$ 46,200	$ 110,600

Derivative Financial Instrume_4

Derivative Financial Instruments - Classifications and Hedging Relationships (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	$ 333,012	$ 300,572
Derivative Asset, Fair Value, Gross	2,453	4,027
Derivative Liability, Fair Value, Gross	(4,749)	(3,536)
Derivative Asset [Abstract]
Amounts subject to master netting arrangements	(1,223)	(1,312)
Cash collateral (received) posted for amounts subject to master netting arrangements	(546)	(345)
Net Amount in Consolidated Balance Sheets	684	2,370
Derivative Liability [Abstract]
Amounts subject to master netting arrangements	1,223	1,312
Cash collateral (received) posted for amounts subject to master netting arrangements	$ 555	$ 1,638
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities	Other Liabilities
Net amount	Other assets (including $1,582 and $3,436 at fair value, respectively)	Other assets (including $1,582 and $3,436 at fair value, respectively)
Net amount	$ (2,971)	$ (586)
Cash flow hedges \| Interest rate contracts \| Swap \| Commercial loans
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	16,650	0
Derivative Asset, Fair Value, Gross	0	0
Derivative Liability, Fair Value, Gross	0	0
Fair value hedges \| Interest rate contracts
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	23,490	25,401
Derivative Asset, Fair Value, Gross	0	0
Derivative Liability, Fair Value, Gross	(68)	(8)
Fair value hedges \| Interest rate contracts \| Swap \| Long-term debt
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	16,393	12,690
Derivative Asset, Fair Value, Gross	0	0
Derivative Liability, Fair Value, Gross	(68)	(6)
Fair value hedges \| Interest rate contracts \| Swap \| AFS securities
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	7,097	12,711
Derivative Asset, Fair Value, Gross	0	0
Derivative Liability, Fair Value, Gross	0	(2)
Not designated as hedges
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	292,872	275,171
Derivative Asset, Fair Value, Gross	2,453	4,027
Derivative Liability, Fair Value, Gross	(4,681)	(3,528)
Not designated as hedges \| Client-related and other risk management
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	257,003	244,348
Derivative Asset, Fair Value, Gross	2,293	3,981
Derivative Liability, Fair Value, Gross	(4,592)	(3,506)
Not designated as hedges \| Client-related and other risk management \| Interest rate contracts \| Swap
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	155,670	150,223
Derivative Asset, Fair Value, Gross	579	1,716
Derivative Liability, Fair Value, Gross	(2,665)	(733)
Not designated as hedges \| Client-related and other risk management \| Interest rate contracts \| Options
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	29,840	23,659
Derivative Asset, Fair Value, Gross	172	43
Derivative Liability, Fair Value, Gross	(192)	(30)
Not designated as hedges \| Client-related and other risk management \| Interest rate contracts \| Forward commitments
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	1,495	2,404
Derivative Asset, Fair Value, Gross	8	2
Derivative Liability, Fair Value, Gross	(2)	(5)
Not designated as hedges \| Client-related and other risk management \| Interest rate contracts \| Other
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	3,823	2,927
Derivative Asset, Fair Value, Gross	1	0
Derivative Liability, Fair Value, Gross	0	0
Not designated as hedges \| Client-related and other risk management \| Equity contracts
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	33,185	34,232
Derivative Asset, Fair Value, Gross	644	1,582
Derivative Liability, Fair Value, Gross	(901)	(2,089)
Not designated as hedges \| Client-related and other risk management \| Credit Contract \| Trading assets
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	140	0
Derivative Asset, Fair Value, Gross	0	0
Derivative Liability, Fair Value, Gross	0	0
Not designated as hedges \| Client-related and other risk management \| Credit Contract \| Loans and leases
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	394	570
Derivative Asset, Fair Value, Gross	0	0
Derivative Liability, Fair Value, Gross	0	(2)
Not designated as hedges \| Client-related and other risk management \| Credit Contract \| Risk participation agreements
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	6,824	8,145
Derivative Asset, Fair Value, Gross	0	0
Derivative Liability, Fair Value, Gross	(3)	(4)
Not designated as hedges \| Client-related and other risk management \| Credit Contract \| Total Return Swap
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	1,729	1,445
Derivative Asset, Fair Value, Gross	81	3
Derivative Liability, Fair Value, Gross	(2)	(19)
Not designated as hedges \| Client-related and other risk management \| Foreign exchange contracts
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	19,022	16,102
Derivative Asset, Fair Value, Gross	364	160
Derivative Liability, Fair Value, Gross	(380)	(156)
Not designated as hedges \| Client-related and other risk management \| Commodity Contract
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	4,881	4,641
Derivative Asset, Fair Value, Gross	444	475
Derivative Liability, Fair Value, Gross	(447)	(468)
Not designated as hedges \| Mortgage banking \| Interest rate contracts
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	3,382	11,941
Derivative Asset, Fair Value, Gross	27	38
Derivative Liability, Fair Value, Gross	(23)	(22)
Not designated as hedges \| Mortgage banking \| Interest rate contracts \| Swap
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	115	441
Derivative Asset, Fair Value, Gross	0	0
Derivative Liability, Fair Value, Gross	0	0
Not designated as hedges \| Mortgage banking \| Interest rate contracts \| Other
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	140	424
Derivative Asset, Fair Value, Gross	1	1
Derivative Liability, Fair Value, Gross	0	0
Not designated as hedges \| Mortgage banking \| Interest rate contracts \| Interest rate lock commitments
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	999	4,163
Derivative Asset, Fair Value, Gross	1	30
Derivative Liability, Fair Value, Gross	(17)	(7)
Not designated as hedges \| Mortgage banking \| Interest rate contracts \| When issued securities, forward rate agreements and forward commitments
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	2,128	6,913
Derivative Asset, Fair Value, Gross	25	7
Derivative Liability, Fair Value, Gross	(6)	(15)
Not designated as hedges \| Loan Servicing Rights \| Interest rate contracts
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	32,487	18,882
Derivative Asset, Fair Value, Gross	133	8
Derivative Liability, Fair Value, Gross	(66)	0
Not designated as hedges \| Loan Servicing Rights \| Interest rate contracts \| Swap
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	14,566	12,837
Derivative Asset, Fair Value, Gross	0	0
Derivative Liability, Fair Value, Gross	0	0
Not designated as hedges \| Loan Servicing Rights \| Interest rate contracts \| Options
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	13,930	101
Derivative Asset, Fair Value, Gross	122	1
Derivative Liability, Fair Value, Gross	(48)	0
Not designated as hedges \| Loan Servicing Rights \| Interest rate contracts \| Other
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	1,532	2,017
Derivative Asset, Fair Value, Gross	0	0
Derivative Liability, Fair Value, Gross	(3)	0
Not designated as hedges \| Loan Servicing Rights \| Interest rate contracts \| When issued securities, forward rate agreements and forward commitments
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Notional Amount	2,459	3,927
Derivative Asset, Fair Value, Gross	11	7
Derivative Liability, Fair Value, Gross	$ (15)	$ 0

Derivative Financial Instrume_5

Derivative Financial Instruments - Master Netting (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Derivative Asset [Abstract]
Derivative Asset, Fair Value, Gross	$ 2,453	$ 4,027
Amount Offset	(1,769)	(1,657)
Net Amount in Consolidated Balance Sheets	684	2,370
Held/Pledged Financial Instruments	0	(1)
Net Amount	684	2,369
Derivative Liability [Abstract]
Derivative Liability, Fair Value, Gross	(4,749)	(3,536)
Amount Offset	1,778	2,950
Net amount	(2,971)	(586)
Held/Pledged Financial Instruments	43	66
Net Amount	$ (2,928)	$ (520)
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities	Other Liabilities
Derivatives Subject to Master Netting Arrangements
Derivative Asset [Abstract]
Derivative Asset, Fair Value, Gross	$ 1,895	$ 2,752
Amount Offset	(1,408)	(1,221)
Net Amount in Consolidated Balance Sheets	487	1,531
Held/Pledged Financial Instruments	0	(1)
Net Amount	487	1,530
Derivative Liability [Abstract]
Derivative Liability, Fair Value, Gross	(3,688)	(2,873)
Amount Offset	1,417	2,514
Net amount	(2,271)	(359)
Held/Pledged Financial Instruments	43	66
Net Amount	(2,228)	(293)
Derivatives Not Subject to Master Netting Arrangement
Derivative Asset [Abstract]
Derivative Asset, Fair Value, Gross	86	388
Amount Offset	0	0
Net Amount in Consolidated Balance Sheets	86	388
Held/Pledged Financial Instruments	0	0
Net Amount	86	388
Derivative Liability [Abstract]
Derivative Liability, Fair Value, Gross	(697)	(225)
Amount Offset	0	0
Net amount	(697)	(225)
Held/Pledged Financial Instruments	0	0
Net Amount	(697)	(225)
Exchange Traded
Derivative Asset [Abstract]
Derivative Asset, Fair Value, Gross	472	887
Amount Offset	(361)	(436)
Net Amount in Consolidated Balance Sheets	111	451
Held/Pledged Financial Instruments	0	0
Net Amount	111	451
Derivative Liability [Abstract]
Derivative Liability, Fair Value, Gross	(364)	(438)
Amount Offset	361	436
Net amount	(3)	(2)
Held/Pledged Financial Instruments	0	0
Net Amount	$ (3)	$ (2)

Derivative Financial Instrume_6

Derivative Financial Instruments - Fair Value Hedges Basis Adjusments (Details) - Fair Value Hedges - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
Available-for-sale Securities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Asset / Liability Basis	[1]	$ 38,773	$ 108,758
Available-for-sale Securities \| Items Currently Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Basis Adjustment		(630)	(400)
Available-for-sale Securities \| Discontinued Hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Basis Adjustment		(4)	(150)
Loans and leases
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Asset / Liability Basis		353	382
Loans and leases \| Items Currently Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Basis Adjustment		0	0
Loans and leases \| Discontinued Hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Basis Adjustment		10	12
Long-term debt
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Asset / Liability Basis		25,378	27,361
Long-term debt \| Items Currently Designated
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Basis Adjustment		(780)	(137)
Long-term debt \| Discontinued Hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Basis Adjustment		$ 218	$ 629

[1]The amortized cost of AFS securities was $46.2 billion at December 31, 2022 and $110.6 billion at December 31, 2021.

Derivative Financial Instrume_7

Derivative Financial Instruments - Amounts Related to Cash Flow Hedges (Details) - Cash Flow Hedges - Interest Rate Contracts - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021		Dec. 31, 2020
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax gain (loss) recognized in OCI	$ (102)	$ 0		$ 0
Interest Expense
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax gain (loss) reclassified from AOCI into expense	(12)	(36)		(48)
Other Expense
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax gain (loss) reclassified from AOCI into expense	0	(36)	[1]
Commercial loans
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax gain (loss) recognized in OCI	(102)	0
Deposits \| Interest Expense
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax gain (loss) reclassified from AOCI into expense	0	(2)		(8)
Deposits \| Other Expense
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax gain (loss) reclassified from AOCI into expense	0	(12)	[1]
Short-term Debt \| Interest Expense
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax gain (loss) reclassified from AOCI into expense	0	(12)		(19)
Short-term Debt \| Other Expense
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax gain (loss) reclassified from AOCI into expense	0	(20)	[1]
Long-term debt \| Interest Expense
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax gain (loss) reclassified from AOCI into expense	(12)	(22)		$ (21)
Long-term debt \| Other Expense
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax gain (loss) reclassified from AOCI into expense	$ 0	$ (4)	[1]

[1]Represents the accelerated amortization of amounts reclassified from AOCI, where management determined that the forecasted transaction is probable of not occurring.

Derivative Financial Instrume_8

Derivative Financial Instruments - Amounts Related to Fair Value Hedges (Details) - Fair Value Hedges - Interest Rate Contracts - Net interest income - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Net income (expense) recognized		$ 266	$ 267	$ 263
Available-for-sale Securities
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Amounts related to interest settlements		102	(48)	(3)
Recognized on derivatives		598	571	29
Recognized on hedged items		(541)	(568)	(41)
Net income (expense) recognized	[1]	159	(45)	(15)
Loans and leases
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Amounts related to interest settlements		0	0	(1)
Recognized on derivatives		0	0	(3)
Recognized on hedged items		(3)	(5)	1
Net income (expense) recognized		(3)	(5)	(3)
Long-term debt
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Amounts related to interest settlements		(64)	18	182
Recognized on derivatives		(840)	(136)	831
Recognized on hedged items		1,014	435	(732)
Net income (expense) recognized		$ 110	$ 317	$ 281

[1]Includes $53 million of income recognized from securities with terminated hedges that were reclassified to HTM. The income recognized was offset by the amortization of the fair value mark. See additional details over amounts recognized in “Note 13. AOCI.”

Derivative Financial Instrume_9

Derivative Financial Instruments - Terminated Cash Flow and Fair Value Hedges (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022		Dec. 31, 2021
Derivative [Line Items]
Max time period which Truist is hedging a portion of the var. in future cash flows for forecasted transactions excluding those transactions relating to the payment of var. int. on existing instruments	6 years
Debt Securities, Held-to-maturity, Derivative, Cumulative Gain (Loss)	$ 457
Cash flow hedges
Derivative [Line Items]
Net unrecognized after-tax gain (loss) on active and terminated hedges recorded in AOCI	(118)		$ 0
Net unrecognized after-tax gain (loss) on terminated hedges recorded in AOCI (to be recognized in earnings through 2029)	40		(9)
Estimated portion of net after-tax gain (loss) on terminated hedges to be reclassified from AOCI into earnings during the next 12 months	(31)		(9)
Fair Value Hedges
Derivative [Line Items]
Unrecognized pre-tax net gain (loss) on terminated hedges (to be recognized as interest primarily through 2033) (1)	669	[1]	767
Portion of pre-tax net gain (loss) on terminated hedges to be recognized as a change in interest during the next 12 months	$ 163		$ 231

[1]Includes deferred gains that are recorded in AOCI as a result of the reclassification to HTM of previously hedged securities of $457 million at December 31, 2022.

Derivative Financial Instrum_10

Derivative Financial Instruments - Amounts Related to Derivative Instruments Not Designated as Hedges (Details) - Not designated as hedges - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax Gain (Loss) Recognized in Income	$ 283	$ 93	$ 279
Client-related and other risk management \| Interest rate contracts \| Investment banking and trading income and other income
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax Gain (Loss) Recognized in Income	197	193	44
Client-related and other risk management \| Foreign exchange contracts \| Investment banking and trading income and other income
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax Gain (Loss) Recognized in Income	236	133	(45)
Client-related and other risk management \| Equity contracts \| Investment banking and trading income and other income
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax Gain (Loss) Recognized in Income	5	(21)	(4)
Client-related and other risk management \| Credit Contract \| Investment banking and trading income and other income
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax Gain (Loss) Recognized in Income	53	(83)	178
Client-related and other risk management \| Commodity Contract \| Investment banking and trading income
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax Gain (Loss) Recognized in Income	11	7	6
Residential Mortgages \| Interest rate contracts \| Mortgage banking income
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax Gain (Loss) Recognized in Income	596	(21)	(418)
Commercial Mortgage Banking Income \| Interest rate contracts \| Mortgage banking income
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax Gain (Loss) Recognized in Income	(1)	(2)	3
Residential Servicing Contracts \| Interest rate contracts \| Mortgage banking income
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax Gain (Loss) Recognized in Income	(792)	(105)	495
Loan servicing rights commercial mortgages \| Interest rate contracts \| Mortgage banking income
Derivative Instruments, Notional, Fair Value Assets and Liabilities[Line Items]
Pre-tax Gain (Loss) Recognized in Income	$ (22)	$ (8)	$ 20

Derivative Financial Instrum_11

Derivative Financial Instruments - Risk Participation Agreements and Total Return Swaps (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Risk Participation Agreements Sold
Credit Derivatives [Line Items]
Maximum potential amount of exposure	$ 575	$ 521
Total Return Swap
Credit Derivatives [Line Items]
Cash collateral held	$ 453	$ 290

Derivative Financial Instrum_12

Derivative Financial Instruments - Dealer Counterparties and Central Clearing Parties (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Credit Derivatives [Line Items]
Unsecured positions in a net gain with counterparties after collateral postings	$ 684	$ 2,369
Asset Pledged as Collateral
Credit Derivatives [Line Items]
Securities, fair value	38,012	29,678
Dealer and other counterparties:
Credit Derivatives [Line Items]
Cash and other collateral received from counterparties	542	346
Derivatives in a net gain position	618	506
Unsecured positions in a net gain with counterparties after collateral postings	76	143
Cash collateral posted	590	1,704
Derivatives in a net loss position	692	2,591
Additional collateral that would have been posted had the Company’s credit ratings dropped below investment grade	0	3
Central counterparties clearing:
Credit Derivatives [Line Items]
Cash and other collateral received from counterparties	4	0
Derivatives in a net gain position	12	0
Cash collateral posted	45	31
Derivatives in a net loss position	13	18
Central counterparties clearing: \| Asset Pledged as Collateral
Credit Derivatives [Line Items]
Securities, fair value	$ 639	$ 904

Computation of EPS (Details)

Computation of EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Net income available to common shareholders	$ 5,927	$ 6,033	$ 4,184
Weighted average number of common shares	1,328,120	1,337,144	1,347,080
Effect of dilutive outstanding equity-based awards	10,342	12,234	11,209
Weighted average number of diluted common shares	1,338,462	1,349,378	1,358,289
Basic EPS	$ 4.46	$ 4.51	$ 3.11
Diluted EPS	$ 4.43	$ 4.47	$ 3.08
Anti-dilutive awards	93	3	16

Operating Segments - Narrative

Operating Segments - Narrative (Details)	12 Months Ended
Operating Segments - Narrative (Details)	Dec. 31, 2022 numberOfSegments
Segment Reporting [Abstract]
Number of Major Reportable Business Segments	3

Operating Segments (Details)

Operating Segments (Details) - USD ($) $ in Millions	12 Months Ended
Operating Segments (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	$ 14,316	$ 13,006	$ 13,826
Allocated provision for credit losses	777	(813)	2,335
Segment net interest income after provision	13,539	13,819	11,491
Noninterest income	8,719	9,290	8,879
Amortization of intangibles	583	574	685
Other expense	742	803	1,048
Income before income taxes	7,669	7,993	5,473
Provision for income taxes	1,402	1,556	981
Net income	6,267	6,437	4,492
Identifiable assets (period end)	555,255	541,241
CB&W
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	6,509	6,732	7,375
Net income	3,785	3,770	3,019
C&CB
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	5,980	4,625	5,393
Net income	4,395	4,830	2,690
IH
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	176	100	126
Net income	546	530	418
OT&C
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	1,651	1,549	932
Net income	(2,459)	(2,693)	(1,635)
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	14,316	13,006	13,826
Allocated provision for credit losses	777	(813)	2,335
Segment net interest income after provision	13,539	13,819	11,491
Noninterest income	8,719	9,290	8,879
Amortization of intangibles	583	574	685
Other expense	14,006	14,542	14,212
Income before income taxes	7,669	7,993	5,473
Provision for income taxes	1,402	1,556	981
Net income	6,267	6,437	4,492
Identifiable assets (period end)	555,255	541,241	509,228
Operating Segments \| CB&W
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	10,080	9,105	8,887
Allocated provision for credit losses	867	150	1,003
Segment net interest income after provision	9,213	8,955	7,884
Noninterest income	3,423	3,697	3,900
Amortization of intangibles	321	317	419
Other expense	7,348	7,446	7,401
Income before income taxes	4,967	4,889	3,964
Provision for income taxes	1,182	1,119	945
Identifiable assets (period end)	169,614	160,497	163,600
Operating Segments \| C&CB
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	6,073	5,333	5,563
Allocated provision for credit losses	(95)	(881)	1,304
Segment net interest income after provision	6,168	6,214	4,259
Noninterest income	2,661	3,174	2,629
Amortization of intangibles	129	150	175
Other expense	3,104	3,114	3,333
Income before income taxes	5,596	6,124	3,380
Provision for income taxes	1,201	1,294	690
Identifiable assets (period end)	205,022	182,734	187,393
Operating Segments \| IH
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	131	101	109
Allocated provision for credit losses	7	0	9
Segment net interest income after provision	124	101	100
Noninterest income	3,105	2,664	2,241
Amortization of intangibles	132	105	72
Other expense	2,372	1,974	1,712
Income before income taxes	725	686	557
Provision for income taxes	179	156	139
Identifiable assets (period end)	15,008	9,865	7,932
Operating Segments \| OT&C
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	(1,968)	(1,533)	(733)
Allocated provision for credit losses	(2)	(82)	19
Segment net interest income after provision	(1,966)	(1,451)	(752)
Noninterest income	(470)	(245)	109
Amortization of intangibles	1	2	19
Other expense	1,182	2,008	1,766
Income before income taxes	(3,619)	(3,706)	(2,428)
Provision for income taxes	(1,160)	(1,013)	(793)
Identifiable assets (period end)	165,611	188,145	150,303
Intersegment Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	0	0	0
Intersegment Eliminations \| CB&W
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	3,571	2,373	1,512
Intersegment Eliminations \| C&CB
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	93	708	170
Intersegment Eliminations \| IH
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	(45)	1	(17)
Intersegment Eliminations \| OT&C
Segment Reporting, Revenue Reconciling Item [Line Items]
Net Interest Income	$ (3,619)	$ (3,082)	$ (1,665)

Parent Company Financial Info_3

Parent Company Financial Information - Parent Company Condensed Balance Sheets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets
Cash and Due from Banks	$ 5,379	$ 5,085
Interest-bearing deposits with banks	16,042	15,210
AFS securities, Fair Value	71,801	153,123
Other Assets	35,128	32,149
Total assets	555,255	541,241
Liabilities and Equity [Abstract]
Short-term Debt	23,422	5,292
Long-term debt	43,203	35,913
Other Liabilities	14,598	14,277
Liabilities	494,718	471,970
Total shareholders’ equity	60,537	69,271	$ 70,912	$ 66,558
Total liabilities and shareholders’ equity	555,255	541,241
Parent Company
Assets
Cash and Due from Banks	29	598
Interest-bearing deposits with banks	10,861	9,680
AFS securities, Fair Value	214	257
Advances to / receivables from subsidiaries:	2,709	5,383
Investment in subsidiaries:	64,474	70,426
Other Assets	452	419
Total assets	78,739	86,763
Liabilities and Equity [Abstract]
Short-term Debt	370	809
Long-term debt	17,625	16,504
Other Liabilities	230	179
Liabilities	18,225	17,492
Total shareholders’ equity	60,514	69,271
Total liabilities and shareholders’ equity	78,739	86,763
Parent Company \| Banking
Assets
Advances to / receivables from subsidiaries:	2,305	2,006
Investment in subsidiaries:	59,921	64,985
Parent Company \| Nonbank
Assets
Advances to / receivables from subsidiaries:	404	3,377
Investment in subsidiaries:	$ 4,553	$ 5,441

Parent Company Financial Info_4

Parent Company Financial Information - Parent Company Condensed Income and Comprehensive Income Statements (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income:
Interest and other income from subsidiaries	$ 622	$ 203	$ 324
Expenses:
Interest Expense	2,321	768	1,722
Other expenses	14,589	15,116	14,897
Income tax benefit	(1,402)	(1,556)	(981)
Net income	6,267	6,437	4,492
OCI	(11,997)	(2,320)	1,560
Total comprehensive income	(5,730)	4,117	6,052
Parent Company
Income:
Total dividends from subsidiaries	4,970	4,250	2,805
Interest and other income from subsidiaries	100	143	170
Other income	27	(26)	12
Total income	5,097	4,367	2,987
Expenses:
Interest Expense	369	258	333
Other expenses	131	125	174
Total expenses	500	383	507
Income before income taxes and equity in undistributed earnings of subsidiaries	4,597	3,984	2,480
Income tax benefit	50	26	56
Income before equity in undistributed earnings of subsidiaries	4,647	4,010	2,536
Equity in undistributed earnings of subsidiaries in excess of dividends from subsidiaries	1,620	2,427	1,956
Net income	6,267	6,437	4,492
OCI	(11,997)	(2,320)	1,560
Total comprehensive income	(5,730)	4,117	6,052
Parent Company \| Nonbank
Income:
Total dividends from subsidiaries	170	100	5
Parent Company \| Banking
Income:
Total dividends from subsidiaries	$ 4,800	$ 4,150	$ 2,800

Parent Company Financial Info_5

Parent Company Financial Information - Parent Company Condensed Statements of Cash Flows (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash Flows From Operating Activities:
Net income	$ 6,267	$ 6,437	$ 4,492
Adjustments to reconcile net income to net cash from operating activities:
Other, net	(2,385)	229	(499)
Net cash from operating activities	11,081	7,892	7,437
Cash Flows From Investing Activities:
Proceeds from maturities, calls and paydowns of AFS securities	12,299	33,968	24,627
Purchases of AFS securities	(9,357)	(70,775)	(72,808)
Other, net	260	(331)	(461)
Net cash from investing activities	(29,972)	(32,056)	(43,652)
Cash Flows From Financing Activities:
Proceeds from (Repayments of) Other Debt	18,060	(800)	(12,124)
Repurchase of common stock	(250)	(1,616)	0
Proceeds from Issuance of Preferred Stock and Preference Stock	0	0	3,449
Redemption of preferred stock	0	(1,415)	(500)
Other, net	(113)	82	(148)
Net Cash Provided by (Used in) Financing Activities	20,017	25,591	36,018
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	1,126	1,427	(197)
Parent Company
Cash Flows From Operating Activities:
Net income	6,267	6,437	4,492
Adjustments to reconcile net income to net cash from operating activities:
Equity in earnings of subsidiaries in excess of dividends from subsidiaries	(1,620)	(2,427)	(1,956)
Other, net	(449)	(438)	(704)
Net cash from operating activities	4,198	3,572	1,832
Cash Flows From Investing Activities:
Proceeds from maturities, calls and paydowns of AFS securities	31	37	79
Purchases of AFS securities	(9)	(216)	(22)
Investment in subsidiaries	(4,142)	(120)	(79)
Advances to subsidiaries	(4,110)	(3,088)	(6,711)
Proceeds from repayment of advances to subsidiaries	6,813	3,922	5,499
Other, net	14	0	14
Net cash from investing activities	(1,403)	535	(1,220)
Cash Flows From Financing Activities:
Proceeds from (Repayments of) Other Debt	(439)	188	18
Net issuance (repayment) of long-term debt	1,700	(2,149)	397
Repurchase of common stock	(250)	(1,616)	0
Proceeds from Issuance of Preferred Stock and Preference Stock	0	0	3,449
Redemption of preferred stock	0	(1,415)	(500)
Cash dividends paid on common and preferred stock	(2,989)	(2,852)	(2,725)
Other, net	(205)	(107)	479
Net Cash Provided by (Used in) Financing Activities	(2,183)	(7,951)	1,118
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	612	(3,844)	1,730
Cash and Cash Equivalents, at Carrying Value	$ 10,890	$ 10,278	$ 14,122	$ 12,392