falsedesktopBBT2020-09-30000009223020000114{"tbl_sim": "https://q10k.com/tbl-sim", "search": "https://q10k.com/search"}{"q10k_tbl_0": "North Carolina\t\t56-0939887\t\n(State or other jurisdiction of incorporation or organization)\t\t(I.R.S. Employer Identification No.)\t\n214 North Tryon Street\t\t\t\nCharlotte\tNorth Carolina\t28202\t\n(Address of principal executive offices)\t\t(Zip Code)\t\nRegistrant's telephone number including area code:\t\t(336)\t733-2000\n", "q10k_tbl_1": "Title of each class\tTrading Symbol\tName of each exchange on which registered\nCommon Stock $5 par value\tTFC\tNew York Stock Exchange\nDepositary Shares each representing 1/1000th interest in a share of Series F Non-Cumulative Perpetual Preferred Stock\tTFC.PF\tNew York Stock Exchange\nDepositary Shares each representing 1/1000th interest in a share of Series G Non-Cumulative Perpetual Preferred Stock\tTFC.PG\tNew York Stock Exchange\nDepositary Shares each representing 1/1000th interest in a share of Series H Non-Cumulative Perpetual Preferred Stock\tTFC.PH\tNew York Stock Exchange\nDepositary Shares each representing 1/4000th interest in a share of Series I Perpetual Preferred Stock\tTFC.PI\tNew York Stock Exchange\n5.853% Fixed-to-Floating Rate Normal Preferred Purchase Securities each representing 1/100th interest in a share of Series J Perpetual Preferred Stock\tTFC.PJ\tNew York Stock Exchange\nDepositary Shares each representing 1/1000th interest in a share of Series O Non-Cumulative Perpetual Preferred Stock\tTFC.PO\tNew York Stock Exchange\nDepositary Shares each representing 1/1000th interest in a share of Series R Non-Cumulative Perpetual Preferred Stock\tTFC.PR\tNew York Stock Exchange\n", "q10k_tbl_2": "Large accelerated filer\t☒\tAccelerated filer\t☐\nNon-accelerated filer\t☐\tSmaller reporting company\t☐\n\t\tEmerging growth company\t☐\n", "q10k_tbl_3": "TABLE OF CONTENTS\t\t\nTRUIST FINANCIAL CORPORATION\t\t\nFORM 10-Q\t\t\nSeptember 30 2020\t\t\n\t\tPage No.\nPART I - Financial Information\t\t\n\tGlossary of Defined Terms\t1\n\tForward-Looking Statements\t3\nItem 1.\tFinancial Statements\t\n\tConsolidated Balance Sheets (Unaudited)\t4\n\tConsolidated Statements of Income (Unaudited)\t5\n\tConsolidated Statements of Comprehensive Income (Unaudited)\t6\n\tConsolidated Statements of Changes in Shareholders' Equity (Unaudited)\t7\n\tConsolidated Statements of Cash Flows (Unaudited)\t8\n\tNotes to Consolidated Financial Statements (Unaudited)\t\n\tNote 1. Basis of Presentation\t9\n\tNote 2. Business Combinations\t15\n\tNote 3. Securities Financing Activities\t16\n\tNote 4. Investment Securities\t17\n\tNote 5. Loans and ACL\t19\n\tNote 6. Goodwill and Other Intangible Assets\t27\n\tNote 7. Loan Servicing\t27\n\tNote 8. Other Assets and Liabilities\t29\n\tNote 9. Borrowings\t30\n\tNote 10. Shareholders' Equity\t31\n\tNote 11. AOCI\t32\n\tNote 12. Income Taxes\t33\n\tNote 13. Benefit Plans\t33\n\tNote 14. Commitments and Contingencies\t33\n\tNote 15. Fair Value Disclosures\t36\n\tNote 16. Derivative Financial Instruments\t40\n\tNote 17. Computation of EPS\t44\n\tNote 18. Operating Segments\t44\nItem 2.\tManagement's Discussion and Analysis of Financial Condition and Results of Operations\t46\nItem 3.\tQuantitative and Qualitative Disclosures About Market Risk (see Market Risk Management in MD&A)\t72\nItem 4.\tControls and Procedures\t\nPART II - Other Information\t\t\nItem 1.\tLegal Proceedings\t\nItem 1A.\tRisk Factors\t\nItem 2.\tUnregistered Sales of Equity Securities and Use of Proceeds\t\nItem 3.\tDefaults Upon Senior Securities - (none)\t\nItem 4.\tMine Safety Disclosures - (not applicable)\t\nItem 5.\tOther Information - (none to be reported)\t\nItem 6.\tExhibits\t83\n", "q10k_tbl_4": "Unaudited (Dollars in millions except per share data shares in thousands)\tSeptember 30 2020\tDecember 31 2019\nAssets\t\t\nCash and due from banks\t4194\t4084\nInterest-bearing deposits with banks\t32914\t14981\nSecurities borrowed or purchased under resale agreements\t1300\t1417\nTrading assets at fair value\t4670\t5733\nAFS securities at fair value\t86132\t74727\nLHFS (including $5369 and $5673 at fair value respectively)\t5522\t8373\nLoans and leases\t306627\t299842\nALLL\t(5863)\t(1549)\nLoans and leases net of ALLL\t300764\t298293\nPremises and equipment\t3968\t3712\nGoodwill\t23869\t24154\nCDI and other intangible assets\t2840\t3142\nMSRs (including $1991 and $2618 at fair value respectively)\t1991\t2630\nOther assets (including $4914 and $3310 at fair value respectively)\t31019\t31832\nTotal assets\t499183\t473078\nLiabilities\t\t\nNoninterest-bearing deposits\t124297\t92405\nInterest-bearing deposits\t246450\t242322\nShort-term borrowings (including $1060 and $1074 at fair value respectively)\t6244\t18218\nLong-term debt\t41008\t41339\nOther liabilities (including $403 and $366 at fair value respectively)\t11211\t12236\nTotal liabilities\t429210\t406520\nShareholders' Equity\t\t\nPreferred stock $5 par value liquidation preference of $25000 per share\t8048\t5102\nCommon stock $5 par value\t6741\t6711\nAdditional paid-in capital\t35774\t35609\nRetained earnings\t18834\t19806\nAOCI net of deferred income taxes\t470\t(844)\nNoncontrolling interests\t106\t174\nTotal shareholders' equity\t69973\t66558\nTotal liabilities and shareholders' equity\t499183\t473078\nCommon shares outstanding\t1348118\t1342166\nCommon shares authorized\t2000000\t2000000\nPreferred shares outstanding\t280\t145\nPreferred shares authorized\t5000\t5000\n", "q10k_tbl_5": "Unaudited (Dollars in millions except per share data shares in thousands)\t\tThree Months Ended September 30\t\t\t\tNine Months Ended September 30\t\t\n\t2020\t\t2019\t\t2020\t\t2019\t\t\t\t\nInterest Income\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nInterest and fees on loans and leases\t\t3174\t\t1886\t\t10327\t\t5611\t\t\t\t\t\t\nInterest on securities\t\t393\t\t315\t\t1331\t\t917\t\t\t\t\t\t\nInterest on other earning assets\t\t56\t\t17\t\t279\t\t69\t\t\t\t\t\t\nTotal interest income\t\t3623\t\t2218\t\t11937\t\t6597\t\t\t\t\t\t\nInterest Expense\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nInterest on deposits\t\t96\t\t271\t\t718\t\t797\t\t\t\t\t\t\nInterest on long-term debt\t\t152\t\t193\t\t635\t\t578\t\t\t\t\t\t\nInterest on other borrowings\t\t13\t\t54\t\t124\t\t136\t\t\t\t\t\t\nTotal interest expense\t\t261\t\t518\t\t1477\t\t1511\t\t\t\t\t\t\nNet Interest Income\t\t3362\t\t1700\t\t10460\t\t5086\t\t\t\t\t\t\nProvision for credit losses\t\t421\t\t117\t\t2158\t\t444\t\t\t\t\t\t\nNet Interest Income After Provision for Credit Losses\t\t2941\t\t1583\t\t8302\t\t4642\t\t\t\t\t\t\nNoninterest Income\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nInsurance income\t\t518\t\t487\t\t1648\t\t1563\t\t\t\t\t\t\nService charges on deposits\t\t247\t\t188\t\t754\t\t540\t\t\t\t\t\t\nWealth management income\t\t324\t\t175\t\t945\t\t509\t\t\t\t\t\t\nCard and payment related fees\t\t200\t\t132\t\t558\t\t399\t\t\t\t\t\t\nResidential mortgage income\t\t221\t\t80\t\t807\t\t220\t\t\t\t\t\t\nInvestment banking and trading income\t\t244\t\t60\t\t636\t\t135\t\t\t\t\t\t\nOperating lease income\t\t72\t\t36\t\t232\t\t106\t\t\t\t\t\t\nIncome from bank-owned life insurance\t\t46\t\t29\t\t135\t\t91\t\t\t\t\t\t\nLending related fees\t\t77\t\t24\t\t210\t\t77\t\t\t\t\t\t\nCommercial real estate related income\t\t55\t\t32\t\t148\t\t68\t\t\t\t\t\t\nSecurities gains (losses)\t\t104\t\t0\t\t402\t\t0\t\t\t\t\t\t\nOther income (loss)\t\t102\t\t60\t\t119\t\t149\t\t\t\t\t\t\nTotal noninterest income\t\t2210\t\t1303\t\t6594\t\t3857\t\t\t\t\t\t\nNoninterest Expense\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nPersonnel expense\t\t2058\t\t1161\t\t6038\t\t3368\t\t\t\t\t\t\nNet occupancy expense\t\t233\t\t122\t\t697\t\t360\t\t\t\t\t\t\nProfessional fees and outside processing\t\t323\t\t102\t\t859\t\t272\t\t\t\t\t\t\nSoftware expense\t\t221\t\t77\t\t647\t\t220\t\t\t\t\t\t\nEquipment expense\t\t127\t\t64\t\t363\t\t197\t\t\t\t\t\t\nMarketing and customer development\t\t75\t\t36\t\t215\t\t92\t\t\t\t\t\t\nOperating lease depreciation\t\t56\t\t35\t\t204\t\t93\t\t\t\t\t\t\nLoan-related expense\t\t59\t\t26\t\t177\t\t81\t\t\t\t\t\t\nAmortization of intangibles\t\t170\t\t29\t\t513\t\t93\t\t\t\t\t\t\nRegulatory costs\t\t34\t\t20\t\t93\t\t57\t\t\t\t\t\t\nMerger-related and restructuring charges\t\t236\t\t34\t\t552\t\t137\t\t\t\t\t\t\nLoss (gain) on early extinguishment of debt\t\t0\t\t0\t\t235\t\t0\t\t\t\t\t\t\nOther expense\t\t163\t\t134\t\t471\t\t389\t\t\t\t\t\t\nTotal noninterest expense\t\t3755\t\t1840\t\t11064\t\t5359\t\t\t\t\t\t\nEarnings\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nIncome before income taxes\t\t1396\t\t1046\t\t3832\t\t3140\t\t\t\t\t\t\nProvision for income taxes\t\t255\t\t218\t\t670\t\t629\t\t\t\t\t\t\nNet income\t\t1141\t\t828\t\t3162\t\t2511\t\t\t\t\t\t\nNoncontrolling interests\t\t3\t\t3\t\t9\t\t8\t\t\t\t\t\t\nNet income available to the bank holding company\t\t1138\t\t825\t\t3153\t\t2503\t\t\t\t\t\t\nDividends on preferred stock\t\t70\t\t90\t\t197\t\t177\t\t\t\t\t\t\nNet income available to common shareholders\t\t1068\t\t735\t\t2956\t\t2326\t\t\t\t\t\t\nBasic EPS\t\t0.79\t\t0.96\t\t2.20\t\t3.04\t\t\t\t\t\t\nDiluted EPS\t\t0.79\t\t0.95\t\t2.18\t\t3.00\t\t\t\t\t\t\nBasic weighted average shares outstanding\t\t1347916\t\t766167\t\t1346605\t\t765428\t\t\t\t\t\t\nDiluted weighted average shares outstanding\t\t1358122\t\t775791\t\t1357174\t\t774907\t\t\t\t\t\t\n", "q10k_tbl_6": "Unaudited (Dollars in millions)\tThree Months Ended September 30\t\t\t\tNine Months Ended September 30\t\t\n2020\t\t2019\t\t2020\t\t2019\t\t\t\t\nNet income\t1141\t\t828\t\t3162\t\t2511\t\t\t\t\t\t\nOCI net of tax:\t\t\t\t\t\t\t\t\t\t\t\t\t\nChange in unrecognized net pension and postretirement costs\t(11)\t\t(38)\t\t18\t\t(2)\t\t\t\t\t\t\nChange in unrealized net gains (losses) on cash flow hedges\t8\t\t13\t\t30\t\t(80)\t\t\t\t\t\t\nChange in unrealized net gains (losses) on AFS securities\t(375)\t\t118\t\t1267\t\t769\t\t\t\t\t\t\nOther net\t1\t\t0\t\t(1)\t\t2\t\t\t\t\t\t\nTotal OCI net of tax\t(377)\t\t93\t\t1314\t\t689\t\t\t\t\t\t\nTotal comprehensive income\t764\t\t921\t\t4476\t\t3200\t\t\t\t\t\t\nIncome Tax Effect of Items Included in OCI:\t\t\t\t\t\t\t\t\t\t\t\t\t\nChange in unrecognized net pension and postretirement costs\t(4)\t\t(11)\t\t5\t\t0\t\t\t\t\t\t\nChange in unrealized net gains (losses) on cash flow hedges\t2\t\t4\t\t9\t\t(25)\t\t\t\t\t\t\nChange in unrealized net gains (losses) on AFS securities\t(114)\t\t37\t\t389\t\t237\t\t\t\t\t\t\nOther net\t0\t\t(1)\t\t0\t\t0\t\t\t\t\t\t\n", "q10k_tbl_7": "Unaudited (Dollars in millions shares in thousands)\tShares of Common Stock\tPreferred Stock\tCommon Stock\tAdditional Paid-In Capital\tRetained Earnings\tAOCI\tNoncontrolling Interests\tTotal Shareholders' Equity\nBalance July 1 2019\t766010\t3053\t3830\t6889\t19050\t(1119)\t61\t31764\nNet income\t0\t0\t0\t0\t825\t0\t3\t828\nOCI\t0\t0\t0\t0\t0\t93\t0\t93\nIssued in connection with equity awards net\t293\t0\t2\t3\t0\t0\t0\t5\nIssued in connection with preferred stock offerings\t0\t1683\t0\t0\t0\t0\t0\t1683\nRedemption of preferred stock\t0\t(1679)\t0\t0\t(46)\t0\t0\t(1725)\nCash dividends declared on common stock\t0\t0\t0\t0\t(345)\t0\t0\t(345)\nCash dividends declared on preferred stock\t0\t0\t0\t0\t(44)\t0\t0\t(44)\nEquity-based compensation expense\t0\t0\t0\t39\t0\t0\t0\t39\nOther net\t0\t0\t0\t0\t0\t0\t5\t5\nBalance September 30 2019\t766303\t3057\t3832\t6931\t19440\t(1026)\t69\t32303\nBalance July 1 2020\t1347609\t7143\t6738\t35676\t18373\t847\t106\t68883\nNet income\t0\t0\t0\t0\t1138\t0\t3\t1141\nOCI\t0\t0\t0\t0\t0\t(377)\t0\t(377)\nIssued in connection with equity awards net\t509\t0\t3\t(6)\t0\t0\t0\t(3)\nIssued in connection with preferred stock offerings\t0\t905\t0\t0\t0\t0\t0\t905\nCash dividends declared on common stock\t0\t0\t0\t0\t(607)\t0\t0\t(607)\nCash dividends declared on preferred stock\t0\t0\t0\t0\t(70)\t0\t0\t(70)\nEquity-based compensation expense\t0\t0\t0\t104\t0\t0\t0\t104\nOther net\t0\t0\t0\t0\t0\t0\t(3)\t(3)\nBalance September 30 2020\t1348118\t8048\t6741\t35774\t18834\t470\t106\t69973\nBalance January 1 2019\t763326\t3053\t3817\t6849\t18118\t(1715)\t56\t30178\nNet income\t0\t0\t0\t0\t2503\t0\t8\t2511\nOCI\t0\t0\t0\t0\t0\t689\t0\t689\nIssued in connection with equity awards net\t2977\t0\t15\t(40)\t0\t0\t0\t(25)\nIssued in connection with preferred stock offerings\t0\t1683\t0\t0\t0\t0\t0\t1683\nRedemption of preferred stock\t0\t(1679)\t0\t0\t(46)\t0\t0\t(1725)\nCash dividends declared on common stock\t0\t0\t0\t0\t(964)\t0\t0\t(964)\nCash dividends declared on preferred stock\t0\t0\t0\t0\t(131)\t0\t0\t(131)\nEquity-based compensation expense\t0\t0\t0\t119\t0\t0\t0\t119\nOther net\t0\t0\t0\t3\t(40)\t0\t5\t(32)\nBalance September 30 2019\t766303\t3057\t3832\t6931\t19440\t(1026)\t69\t32303\nBalance January 1 2020\t1342166\t5102\t6711\t35609\t19806\t(844)\t174\t66558\nNet income\t0\t0\t0\t0\t3153\t0\t9\t3162\nOCI\t0\t0\t0\t0\t0\t1314\t0\t1314\nIssued in connection with equity awards net\t5952\t0\t30\t(115)\t(2)\t0\t0\t(87)\nIssued in connection with preferred stock offerings\t0\t3449\t0\t0\t0\t0\t0\t3449\nRedemption of preferred stock\t0\t(503)\t0\t0\t3\t0\t0\t(500)\nCash dividends declared on common stock\t0\t0\t0\t0\t(1817)\t0\t0\t(1817)\nCash dividends declared on preferred stock\t0\t0\t0\t0\t(200)\t0\t0\t(200)\nEquity-based compensation expense\t0\t0\t0\t280\t0\t0\t0\t280\nCumulative effect adjustment for new accounting standards\t0\t0\t0\t0\t(2109)\t0\t0\t(2109)\nOther net\t0\t0\t0\t0\t0\t0\t(77)\t(77)\nBalance September 30 2020\t1348118\t8048\t6741\t35774\t18834\t470\t106\t69973\n", "q10k_tbl_8": "Unaudited Nine Months Ended September 30 (Dollars in millions)\t2020\t2019\nCash Flows From Operating Activities:\t\t\nNet income\t3162\t2511\nAdjustments to reconcile net income to net cash from operating activities:\t\t\nProvision for credit losses\t2158\t444\nDepreciation\t694\t324\nAmortization of intangibles\t513\t93\nEquity-based compensation expense\t280\t119\nSecurities gains (losses)\t(402)\t0\nNet change in operating assets and liabilities:\t\t\nLHFS\t1144\t(531)\nMSRs\t639\t193\nPension asset\t(417)\t(838)\nDerivative assets and liabilities\t(3064)\t(559)\nTrading assets\t1063\t(9)\nOther assets and other liabilities\t(299)\t(61)\nOther net\t(442)\t278\nNet cash from operating activities\t5029\t1964\nCash Flows From Investing Activities:\t\t\nProceeds from sales of AFS securities\t5219\t4255\nProceeds from maturities calls and paydowns of AFS securities\t14917\t3051\nPurchases of AFS securities\t(28242)\t(17220)\nProceeds from maturities calls and paydowns of HTM securities\t0\t1762\nOriginations and purchases of loans and leases net of sales and principal collected\t(4328)\t(1060)\nNet cash received (paid) for FHLB stock\t599\t(116)\nNet cash received (paid) for securities borrowed or purchased under resale agreements\t117\t29\nNet cash paid for premises and equipment\t(716)\t(116)\nNet cash received (paid) for mergers acquisitions and divestitures\t(1811)\t(33)\nOther net\t158\t77\nNet cash from investing activities\t(14087)\t(9371)\nCash Flows From Financing Activities:\t\t\nNet change in deposits\t38263\t1096\nNet change in short-term borrowings\t(11972)\t5317\nProceeds from issuance of long-term debt\t26570\t5653\nRepayment of long-term debt\t(27667)\t(4259)\nNet proceeds from preferred stock issued\t3449\t1683\nRedemption of preferred stock\t(500)\t(1725)\nCash dividends paid on common stock\t(1817)\t(964)\nCash dividends paid on preferred stock\t(200)\t(131)\nNet cash received (paid) for hedge unwinds\t1111\t(156)\nOther net\t(136)\t(47)\nNet cash from financing activities\t27101\t6467\nNet Change in Cash and Cash Equivalents\t18043\t(940)\nCash and Cash Equivalents January 1\t19065\t3844\nCash and Cash Equivalents September 30\t37108\t2904\nSupplemental Disclosure of Cash Flow Information:\t\t\nNet cash paid (received) during the period for:\t\t\nInterest expense\t1555\t1486\nIncome taxes\t94\t409\n", "q10k_tbl_9": "(number of days)\tPlaced on Nonperforming (1)\t\t\tEvaluation for Charge-off\t\t\nCommercial:\t\t\t\t\t\t\nCommercial and industrial\t90\t(2)\t\t90\t(2)\t\nCRE\t90\t(2)\t\t90\t(2)\t\nCommercial construction\t90\t(2)\t\t90\t(2)\t\nLease financing\t90\t(2)\t\t90\t(2)\t\nConsumer:\t\t\t\t\t\t\nResidential mortgage (3)\t90\tto\t180\t90\tto\t210\nResidential home equity and direct (3)\t90\tto\t120\t90\tto\t180\nIndirect auto (3)\t90\t\t\t120\t\t\nIndirect other (3)\t90\tto\t120\t120\tto\t180\nStudent (4) (5)\tNA\t\t\t120\tto\t180\nCredit card (6)\tNA\t\t\t90\tto\t180\n", "q10k_tbl_10": "Standard / Adoption Date\tDescription\tEffects on the Financial Statements\nStandards Adopted During the Current Year\t\t\nCredit Losses / January 1 2020\tReplaces the incurred loss impairment methodology with an expected credit loss methodology and requires consideration of a broader range of information to determine credit loss estimates. Financial assets measured at amortized cost are presented at the net amount expected to be collected by using an allowance for credit losses. Purchased credit deteriorated loans receive an allowance for expected credit losses. Any credit impairment on AFS debt securities for which the fair value is less than cost is recorded through an allowance for expected credit losses. The standard also requires expanded disclosures related to credit losses and asset quality.\tTruist adopted this standard using the modified retrospective approach. The adoption of this standard resulted in a $3.1 billion increase to the ALLL and a $2.1 billion decrease to Retained earnings adjusted for deferred taxes and other impacts. A policy election was made to dissolve the existing PCI loan pools. The amortized cost basis of PCD assets was increased by $378 million at January 1 2020 which reflects the initial estimate of credit losses for these assets. The remaining noncredit discount will be accreted to Interest and fee income on loans and leases over the contractual lives of the underlying assets using an effective interest method for amortizing loans and a straight-line approach for interest-only loans and loans with revolving privileges. The adoption of this standard did not have a material impact on the AFS securities portfolio.\nSimplifying the Test for Goodwill Impairment / January 1 2020\tSimplifies the subsequent measurement of goodwill by eliminating the second step from the goodwill impairment test. The amendments require an entity to perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. The standard requires an entity to recognize an impairment charge for the amount by which a reporting unit's carrying amount exceeds its fair value with the loss limited to the total amount of goodwill allocated to that reporting unit. The standard must be applied on a prospective basis.\tThe standard does not currently have an impact on the Company's consolidated financial statements; however if subsequent to adoption the carrying amount of a reporting unit exceeds its respective fair value the Company would be required to recognize an impairment charge for the amount that the carrying value exceeds the fair value up to the amount of the goodwill assigned to the reporting unit.\nReference Rate Reform / March 12 2020\tProvides optional expedients and exceptions regarding the accounting for contract modifications hedging relationships and other transactions affected by reference rate reform. The standard was issued March 12 2020 is effective upon issuance and can be applied through December 31 2022.\tThe application of this standard did not have a material impact to the Company's consolidated financial statements. The standard allows for certain practical expedients not yet elected by the Company which may simplify the accounting for reference rate reform if elected in the future.\n", "q10k_tbl_11": "(Dollars in millions)\tUPB\tFair Value\nFair value of Merger consideration\t\t33547\nAssets\t\t\nCash and due from banks\t\t1621\nInterest-bearing deposits with banks\t\t4668\nSecurities borrowed or purchased under resale agreements\t\t1191\nTrading assets\t\t5710\nAFS securities\t\t30986\nLHFS\t\t3759\nLoans and leases:\t\t\nCommercial and industrial\t68687\t67101\nCRE\t9509\t9357\nCommercial Construction\t2136\t2096\nCommercial Leases\t3967\t3882\nMortgage Loans\t28191\t27180\nHome Equity and Direct Lending\t15917\t15628\nIndirect Auto\t12373\t12203\nIndirect Other\t4678\t4445\nStudent Lending\t6867\t6657\nCredit Card\t2518\t2500\nPCI\t3652\t3126\nTotal loans and leases\t158495\t154175\nPremises and equipment\t\t1555\nCDI and other intangible assets\t\t2737\nMSRs\t\t1605\nOther assets\t\t13723\nTotal assets\t\t221730\nLiabilities and Equity\t\t\nDeposits\t\t(170633)\nShort-term borrowings\t\t(6837)\nLong-term debt\t\t(19484)\nOther liabilities\t\t(5120)\nTotal liabilities\t\t(202074)\nNoncontrolling interest\t\t(108)\nLess: Net assets\t\t19548\nGoodwill\t\t13999\n", "q10k_tbl_12": "(Dollars in millions)\tSeptember 30 2020\tDecember 31 2019\nSecurities purchased under resale agreements\t846\t986\nSecurities borrowed\t454\t431\nTotal securities borrowed or purchased under resale agreements\t1300\t1417\n", "q10k_tbl_13": "\tSeptember 30 2020\t\tDecember 31 2019\t\t\t\n(Dollars in millions)\tOvernight and Continuous\tUp to 30 days\tTotal\tOvernight and Continuous\tUp to 30 days\t30-90 days\t\t\t\tTotal\t\t\nU.S. Treasury\t244\t55\t299\t115\t35\t0\t\t\t\t150\t\t\nGSE\t88\t9\t97\t87\t37\t0\t\t\t\t124\t\t\nAgency MBS - residential\t483\t1\t484\t928\t41\t100\t\t\t\t1069\t\t\nCorporate and other debt securities\t149\t251\t400\t310\t316\t0\t\t\t\t626\t\t\nTotal securities sold under agreements to repurchase\t964\t316\t1280\t1440\t429\t100\t\t\t\t1969\t\t\n", "q10k_tbl_14": "September 30 2020 (Dollars in millions)\tAmortized Cost\tGross Unrealized\t\tFair Value\n\tGains\tLosses\t\nAFS securities:\t\t\t\t\nU.S. Treasury\t2218\t32\t0\t2250\nGSE\t1842\t86\t0\t1928\nAgency MBS - residential\t77072\t1930\t8\t78994\nAgency MBS - commercial\t2311\t78\t1\t2388\nStates and political subdivisions\t498\t42\t3\t537\nOther\t35\t0\t0\t35\nTotal AFS securities\t83976\t2168\t12\t86132\nDecember 31 2019 (Dollars in millions)\tAmortized Cost\tGross Unrealized\t\tFair Value\n\tGains\tLosses\t\nAFS securities:\t\t\t\t\nU.S. Treasury\t2275\t7\t6\t2276\nGSE\t1847\t34\t0\t1881\nAgency MBS - residential\t67983\t411\t158\t68236\nAgency MBS - commercial\t1335\t13\t7\t1341\nStates and political subdivisions\t557\t34\t6\t585\nNon-agency MBS\t190\t178\t0\t368\nOther\t40\t0\t0\t40\nTotal AFS securities\t74227\t677\t177\t74727\n", "q10k_tbl_15": "\tAmortized Cost\t\t\t\t\tFair Value\t\t\t\t\nSeptember 30 2020 (Dollars in millions)\tDue in one year or less\tDue after one year through five years\tDue after five years through ten years\tDue after ten years\tTotal\tDue in one year or less\tDue after one year through five years\tDue after five years through ten years\tDue after ten years\tTotal\nAFS securities:\t\t\t\t\t\t\t\t\t\t\nU.S. Treasury\t1343\t875\t0\t0\t2218\t1350\t900\t0\t0\t2250\nGSE\t102\t1667\t0\t73\t1842\t104\t1745\t0\t79\t1928\nAgency MBS - residential\t0\t1\t469\t76602\t77072\t0\t1\t484\t78509\t78994\nAgency MBS - commercial\t0\t2\t9\t2300\t2311\t0\t2\t10\t2376\t2388\nStates and political subdivisions\t54\t115\t125\t204\t498\t55\t119\t140\t223\t537\nOther\t1\t6\t1\t27\t35\t1\t6\t1\t27\t35\nTotal AFS securities\t1500\t2666\t604\t79206\t83976\t1510\t2773\t635\t81214\t86132\n", "q10k_tbl_16": "\tLess than 12 months\t\t12 months or more\t\tTotal\t\nSeptember 30 2020 (Dollars in millions)\tFair Value\tUnrealized Losses\tFair Value\tUnrealized Losses\tFair Value\tUnrealized Losses\nAFS securities:\t\t\t\t\t\t\nAgency MBS - residential\t2893\t4\t251\t4\t3144\t8\nAgency MBS - commercial\t277\t1\t15\t0\t292\t1\nStates and political subdivisions\t48\t0\t31\t3\t79\t3\nOther\t32\t0\t0\t0\t32\t0\nTotal\t3250\t5\t297\t7\t3547\t12\n\tLess than 12 months\t\t12 months or more\t\tTotal\t\nDecember 31 2019 (Dollars in millions)\tFair Value\tUnrealized Losses\tFair Value\tUnrealized Losses\tFair Value\tUnrealized Losses\nAFS securities:\t\t\t\t\t\t\nU.S. Treasury\t702\t6\t0\t0\t702\t6\nGSE\t6\t0\t0\t0\t6\t0\nAgency MBS - residential\t20328\t145\t1326\t13\t21654\t158\nAgency MBS - commercial\t545\t5\t124\t2\t669\t7\nStates and political subdivisions\t65\t1\t144\t5\t209\t6\nTotal\t21646\t157\t1594\t20\t23240\t177\n", "q10k_tbl_17": "(Dollars in millions)\t\tThree Months Ended September 30\t\t\t\tNine Months Ended September 30\t\t\n\t2020\t\t2019\t\t2020\t\t2019\t\t\t\t\nGross realized gains\t\t104\t\t0\t\t404\t\t42\t\t\t\t\t\t\nGross realized losses\t\t0\t\t0\t\t(2)\t\t(42)\t\t\t\t\t\t\nSecurities gains (losses) net\t\t104\t\t0\t\t402\t\t0\t\t\t\t\t\t\n", "q10k_tbl_18": "\tAccruing\t\t\t\t\nSeptember 30 2020 (Dollars in millions)\tCurrent\t30-89 Days Past Due\t90 Days Or More Past Due\tNonperforming\tTotal\nCommercial:\t\t\t\t\t\nCommercial and industrial\t140206\t155\t6\t507\t140874\nCRE\t27407\t7\t8\t52\t27474\nCommercial construction\t6765\t0\t0\t7\t6772\nLease financing\t5452\t9\t0\t32\t5493\nConsumer:\t\t\t\t\t\nResidential mortgage\t48805\t796\t573\t205\t50379\nResidential home equity and direct\t26270\t103\t5\t180\t26558\nIndirect auto\t24803\t321\t8\t137\t25269\nIndirect other\t11468\t52\t3\t4\t11527\nStudent\t6244\t666\t570\t0\t7480\nCredit card\t4738\t39\t24\t0\t4801\nTotal\t302158\t2148\t1197\t1124\t306627\n\tAccruing\t\t\t\t\nDecember 31 2019 (Dollars in millions)\tCurrent\t30-89 Days Past Due\t90 Days Or More Past Due\tNonperforming\tTotal\nCommercial:\t\t\t\t\t\nCommercial and industrial\t129873\t94\t1\t212\t130180\nCRE\t26817\t5\t0\t10\t26832\nCommercial construction\t6204\t1\t0\t0\t6205\nLease financing\t6112\t2\t0\t8\t6122\nConsumer:\t\t\t\t\t\nResidential mortgage\t50975\t498\t543\t55\t52071\nResidential home equity and direct\t26846\t122\t9\t67\t27044\nIndirect auto\t23771\t560\t11\t100\t24442\nIndirect other\t11011\t85\t2\t2\t11100\nStudent\t5905\t650\t188\t0\t6743\nCredit card\t5541\t56\t22\t0\t5619\nPCI\t2126\t140\t1218\t0\t3484\nTotal\t295181\t2213\t1994\t454\t299842\n", "q10k_tbl_19": "September 30 2020 (Dollars in millions)\tAmortized Cost Basis by Origination Year\t\t\t\t\t\t\t\t\t\t\tRevolving Credit\tLoans Converted to Term\tOther (1)\t\n2020\t\t2019\t\t2018\t\t2017\t\t2016\t\tPrior\t\t\tTotal\nCommercial:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nCommercial and industrial:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nPass\t30936\t\t20479\t\t14176\t\t8793\t\t5599\t\t10056\t43246\t123\t(780)\t132628\nSpecial mention\t509\t\t617\t\t347\t\t92\t\t159\t\t218\t2276\t8\t0\t4226\nSubstandard\t371\t\t401\t\t441\t\t147\t\t134\t\t236\t1798\t2\t(17)\t3513\nNonperforming\t22\t\t42\t\t99\t\t31\t\t33\t\t67\t232\t8\t(27)\t507\nTotal\t31838\t\t21539\t\t15063\t\t9063\t\t5925\t\t10577\t47552\t141\t(824)\t140874\nCRE:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nPass\t3635\t\t6711\t\t4983\t\t2892\t\t1593\t\t2618\t652\t0\t(75)\t23009\nSpecial mention\t263\t\t853\t\t655\t\t204\t\t178\t\t210\t0\t0\t0\t2363\nSubstandard\t240\t\t609\t\t426\t\t293\t\t184\t\t292\t6\t0\t0\t2050\nNonperforming\t1\t\t0\t\t1\t\t2\t\t5\t\t42\t1\t0\t0\t52\nTotal\t4139\t\t8173\t\t6065\t\t3391\t\t1960\t\t3162\t659\t0\t(75)\t27474\nCommercial construction:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nPass\t810\t\t2103\t\t2037\t\t418\t\t28\t\t185\t564\t0\t16\t6161\nSpecial mention\t0\t\t105\t\t122\t\t1\t\t41\t\t0\t2\t0\t0\t271\nSubstandard\t95\t\t80\t\t83\t\t17\t\t6\t\t52\t0\t0\t0\t333\nNonperforming\t4\t\t3\t\t0\t\t0\t\t0\t\t0\t0\t0\t0\t7\nTotal\t909\t\t2291\t\t2242\t\t436\t\t75\t\t237\t566\t0\t16\t6772\nLease financing:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nPass\t832\t\t1451\t\t939\t\t888\t\t287\t\t993\t0\t0\t(52)\t5338\nSpecial mention\t10\t\t12\t\t6\t\t4\t\t0\t\t7\t0\t0\t0\t39\nSubstandard\t0\t\t38\t\t6\t\t5\t\t4\t\t31\t0\t0\t0\t84\nNonperforming\t1\t\t8\t\t7\t\t10\t\t9\t\t9\t0\t0\t(12)\t32\nTotal\t843\t\t1509\t\t958\t\t907\t\t300\t\t1040\t0\t0\t(64)\t5493\nConsumer:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nResidential mortgage:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nPerforming\t6743\t\t7456\t\t4347\t\t5022\t\t6056\t\t20329\t0\t0\t221\t50174\nNonperforming\t0\t\t5\t\t11\t\t6\t\t7\t\t193\t0\t0\t(17)\t205\nTotal\t6743\t\t7461\t\t4358\t\t5028\t\t6063\t\t20522\t0\t0\t204\t50379\nResidential home equity and direct:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nPerforming\t3562\t\t3523\t\t1635\t\t580\t\t270\t\t622\t14395\t1730\t61\t26378\nNonperforming\t1\t\t3\t\t2\t\t1\t\t1\t\t8\t68\t83\t13\t180\nTotal\t3563\t\t3526\t\t1637\t\t581\t\t271\t\t630\t14463\t1813\t74\t26558\nIndirect auto:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nPerforming\t7361\t\t8207\t\t4508\t\t2766\t\t1474\t\t674\t0\t0\t142\t25132\nNonperforming\t6\t\t41\t\t39\t\t27\t\t17\t\t14\t0\t0\t(7)\t137\nTotal\t7367\t\t8248\t\t4547\t\t2793\t\t1491\t\t688\t0\t0\t135\t25269\nIndirect other:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nPerforming\t3854\t\t3419\t\t1953\t\t961\t\t498\t\t802\t0\t0\t36\t11523\nNonperforming\t1\t\t1\t\t1\t\t0\t\t0\t\t2\t0\t0\t(1)\t4\nTotal\t3855\t\t3420\t\t1954\t\t961\t\t498\t\t804\t0\t0\t35\t11527\nStudent:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nPerforming\t33\t\t113\t\t99\t\t82\t\t66\t\t7094\t0\t0\t(7)\t7480\nNonperforming\t0\t\t0\t\t0\t\t0\t\t0\t\t0\t0\t0\t0\t0\nTotal\t33\t\t113\t\t99\t\t82\t\t66\t\t7094\t0\t0\t(7)\t7480\nCredit card\t0\t\t0\t\t0\t\t0\t\t0\t\t0\t4757\t38\t6\t4801\nTotal\t59290\t\t56280\t\t36923\t\t23242\t\t16649\t\t44754\t67997\t1992\t(500)\t306627\n", "q10k_tbl_20": "\tDecember 31 2019\t\n(Dollars in millions)\t\tCommercial & Industrial\t\t\t\tCRE\t\t\t\t\t\tCommercial Construction\t\t\t\t\t\tLease Financing\t\t\nCommercial:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nPass\t\t127229\t\t\t\t26393\t\t\t\t\t\t6037\t\t\t\t\t\t6039\t\t\nSpecial mention\t\t1264\t\t\t\t145\t\t\t\t\t\t37\t\t\t\t\t\t19\t\t\nSubstandard\t\t1475\t\t\t\t284\t\t\t\t\t\t131\t\t\t\t\t\t56\t\t\nNonperforming\t\t212\t\t\t\t10\t\t\t\t\t\t0\t\t\t\t\t\t8\t\t\nTotal\t\t130180\t\t\t\t26832\t\t\t\t\t\t6205\t\t\t\t\t\t6122\t\t\n\tDecember 31 2019\t\n\t\tResidential Mortgage\t\t\t\tResidential home equity and direct\t\t\t\t\t\tIndirect auto\t\t\t\t\t\tIndirect Other\t\t\nConsumer:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nPerforming\t\t52016\t\t\t\t26977\t\t\t\t\t\t24342\t\t\t\t\t\t11098\t\t\nNonperforming\t\t55\t\t\t\t67\t\t\t\t\t\t100\t\t\t\t\t\t2\t\t\nTotal\t\t52071\t\t\t\t27044\t\t\t\t\t\t24442\t\t\t\t\t\t11100\t\t\n", "q10k_tbl_21": "(Dollars in millions)\tBalance at Jul 1 2019\tCharge-Offs\tRecoveries\tProvision (Benefit)\tOther\tBalance at Sep 30 2019\nCommercial:\t\t\t\t\t\t\nCommercial and industrial\t574\t(28)\t5\t25\t0\t576\nCRE\t157\t(2)\t3\t(6)\t0\t152\nCommercial construction\t44\t0\t0\t0\t0\t44\nLease financing\t10\t(1)\t1\t0\t0\t10\nConsumer:\t\t\t\t\t\t\nResidential mortgage\t224\t(3)\t0\t(22)\t0\t199\nResidential home equity and direct\t106\t(24)\t6\t19\t0\t107\nIndirect auto\t300\t(92)\t12\t80\t0\t300\nIndirect other\t59\t(14)\t3\t14\t0\t62\nCredit card\t113\t(25)\t6\t21\t0\t115\nPCI\t8\t0\t0\t0\t0\t8\nALLL\t1595\t(189)\t36\t131\t0\t1573\nRUFC\t94\t0\t0\t(14)\t0\t80\nACL\t1689\t(189)\t36\t117\t0\t1653\n", "q10k_tbl_22": "(Dollars in millions)\tBalance at Jul 1 2020\tCharge-Offs\tRecoveries\tProvision (Benefit)\tOther (2)\tBalance at Sep 30 2020\nCommercial:\t\t\t\t\t\t\nCommercial and industrial\t2137\t(112)\t20\t140\t0\t2185\nCRE\t391\t(44)\t0\t155\t0\t502\nCommercial construction\t134\t(19)\t2\t17\t0\t134\nLease financing\t59\t(44)\t4\t34\t0\t53\nConsumer:\t\t\t\t\t\t\nResidential mortgage\t431\t(4)\t3\t(6)\t0\t424\nResidential home equity and direct\t697\t(52)\t16\t43\t0\t704\nIndirect auto\t1190\t(72)\t22\t49\t0\t1189\nIndirect other\t213\t(8)\t4\t13\t0\t222\nStudent\t123\t(6)\t0\t11\t2\t130\nCredit card\t327\t(44)\t8\t29\t0\t320\nALLL\t5702\t(405)\t79\t485\t2\t5863\nRUFC\t431\t0\t0\t(64)\t(1)\t366\nACL\t6133\t(405)\t79\t421\t1\t6229\n(Dollars in millions)\tBalance at Jan 1 2019\tCharge-Offs\tRecoveries\tProvision (Benefit)\tOther\tBalance at Sep 30 2019\nCommercial:\t\t\t\t\t\t\nCommercial and industrial\t546\t(67)\t19\t78\t0\t576\nCRE\t142\t(28)\t5\t33\t0\t152\nCommercial construction\t48\t0\t2\t(6)\t0\t44\nLease financing\t11\t(2)\t1\t0\t0\t10\nConsumer:\t\t\t\t\t\t\nResidential mortgage\t232\t(13)\t1\t(21)\t0\t199\nResidential home equity and direct\t104\t(68)\t20\t51\t0\t107\nIndirect auto\t298\t(263)\t39\t226\t0\t300\nIndirect other\t58\t(43)\t12\t35\t0\t62\nCredit card\t110\t(72)\t15\t62\t0\t115\nPCI\t9\t0\t0\t(1)\t0\t8\nALLL\t1558\t(556)\t114\t457\t0\t1573\nRUFC\t93\t0\t0\t(13)\t0\t80\nACL\t1651\t(556)\t114\t444\t0\t1653\n(Dollars in millions)\tBalance at Jan 1 2020 (1)\tCharge-Offs\tRecoveries\tProvision (Benefit)\tOther (2)\tBalance at Sep 30 2020\nCommercial:\t\t\t\t\t\t\nCommercial and industrial\t560\t(274)\t58\t937\t904\t2185\nCRE\t150\t(59)\t4\t325\t82\t502\nCommercial construction\t52\t(22)\t10\t78\t16\t134\nLease financing\t10\t(50)\t4\t(5)\t94\t53\nConsumer:\t\t\t\t\t\t\nResidential mortgage\t176\t(50)\t7\t26\t265\t424\nResidential home equity and direct\t107\t(185)\t46\t282\t454\t704\nIndirect auto\t304\t(294)\t63\t298\t818\t1189\nIndirect other\t60\t(46)\t18\t40\t150\t222\nStudent\t0\t(20)\t1\t24\t125\t130\nCredit card\t122\t(147)\t22\t148\t175\t320\nPCI\t8\t0\t0\t0\t(8)\t0\nALLL\t1549\t(1147)\t233\t2153\t3075\t5863\nRUFC\t340\t0\t0\t5\t21\t366\nACL\t1889\t(1147)\t233\t2158\t3096\t6229\n", "q10k_tbl_23": "\tRecorded Investment\t\nSeptember 30 2020 (Dollars in millions)\tWithout an ALLL\tWith an ALLL\nCommercial:\t\t\nCommercial and industrial\t88\t419\nCRE\t26\t26\nCommercial construction\t4\t3\nLease financing\t2\t30\nConsumer:\t\t\nResidential mortgage\t4\t201\nResidential home equity and direct\t2\t178\nIndirect auto\t0\t137\nIndirect other\t0\t4\nTotal\t126\t998\n", "q10k_tbl_24": "\tUPB\t\tRecorded Investment\t\t\tRelated ALLL\tAverage Recorded Investment\tInterest Income Recognized\nAs of / For The Year Ended December 31 2019 (Dollars in millions)\t\tWithout an ALLL\t\tWith an ALLL\t\t\t\t\nCommercial:\t\t\t\t\t\t\t\t\nCommercial and industrial\t339\t\t124\t\t167\t20\t298\t6\nCRE\t29\t\t3\t\t26\t2\t71\t1\nCommercial construction\t39\t\t0\t\t38\t7\t5\t0\nLease financing\t18\t\t7\t\t2\t0\t2\t0\nConsumer:\t\t\t\t\t\t\t\t\nResidential mortgage\t650\t\t92\t\t527\t42\t799\t34\nResidential home equity and direct\t76\t\t24\t\t37\t5\t65\t3\nIndirect auto\t367\t\t9\t\t349\t64\t334\t53\nIndirect other\t5\t\t0\t\t5\t1\t4\t0\nCredit card\t31\t\t0\t\t31\t12\t28\t1\nTotal\t1554\t\t259\t\t1182\t153\t1606\t98\n", "q10k_tbl_25": "(Dollars in millions)\tSep 30 2020\tDec 31 2019\nPerforming TDRs:\t\t\nCommercial:\t\t\nCommercial and industrial\t84\t47\nCRE\t36\t6\nCommercial construction\t1\t37\nLease financing\t1\t0\nConsumer:\t\t\nResidential mortgage\t640\t470\nResidential home equity and direct\t71\t51\nIndirect auto\t336\t333\nIndirect other\t5\t5\nStudent\t5\t0\nCredit card\t38\t31\nTotal performing TDRs\t1217\t980\nNonperforming TDRs\t140\t82\nTotal TDRs\t1357\t1062\nALLL attributable to TDRs\t246\t132\n", "q10k_tbl_26": "\tAs of / For the Three Months Ended September 30 2020\t\t\t\tAs of / For the Nine Months Ended September 30 2020\t\t\t\n\tType of Modification\t\tPrior Quarter Loan Balance\tALLL at Period End\tType of Modification\t\tPrior Quarter Loan Balance\tALLL at Period End\n(Dollars in millions)\tRate\tStructure\t\tRate\tStructure\t\nNewly designated TDRs:\t\t\t\t\t\t\t\t\nCommercial:\t\t\t\t\t\t\t\t\nCommercial and industrial\t13\t49\t70\t9\t46\t53\t118\t12\nCRE\t4\t10\t15\t2\t28\t11\t32\t4\nLease financing\t0\t0\t0\t0\t1\t0\t1\t0\nConsumer:\t\t\t\t\t\t\t\t\nResidential mortgage\t167\t72\t244\t9\t311\t119\t443\t19\nResidential home equity and direct\t3\t3\t6\t0\t31\t13\t45\t1\nIndirect auto\t20\t4\t25\t5\t98\t26\t129\t17\nIndirect other\t1\t1\t1\t0\t3\t1\t3\t0\nStudent\t0\t1\t1\t0\t0\t5\t5\t0\nCredit card\t6\t0\t6\t2\t24\t0\t23\t8\nRe-modification of previously designated TDRs\t10\t5\t\t\t36\t11\t\t\n", "q10k_tbl_27": "\tAs of / For the Three Months Ended September 30 2019\t\t\t\tAs of / For the Nine Months Ended September 30 2019\t\t\t\n\tType of Modification\t\tPrior Quarter Loan Balance\tALLL at Period End\tType of Modification\t\tPrior Quarter Loan Balance\tALLL at Period End\n(Dollars in millions)\tRate\tStructure\t\tRate\tStructure\t\nNewly designated TDRs:\t\t\t\t\t\t\t\t\nCommercial:\t\t\t\t\t\t\t\t\nCommercial and industrial\t2\t5\t9\t1\t52\t11\t55\t8\nCRE\t0\t0\t0\t0\t1\t1\t4\t0\nConsumer:\t\t\t\t\t\t\t\t\nResidential mortgage\t51\t7\t54\t5\t173\t21\t181\t15\nResidential home equity and direct\t2\t1\t2\t0\t7\t3\t7\t1\nIndirect auto\t60\t1\t63\t12\t156\t3\t166\t33\nIndirect other\t1\t0\t1\t0\t3\t0\t3\t0\nCredit card\t6\t0\t1\t1\t17\t0\t12\t6\nRe-modification of previously designated TDRs\t12\t2\t\t\t49\t18\t\t\n", "q10k_tbl_28": "(Dollars in millions)\tSep 30 2020\tDec 31 2019\nNonperforming loans and leases HFI (1)\t1124\t454\nNonperforming LHFS\t130\t107\nForeclosed real estate\t30\t82\nOther foreclosed property\t30\t41\nTotal nonperforming assets\t1314\t684\nResidential mortgage loans in the process of foreclosure\t216\t409\n", "q10k_tbl_29": "(Dollars in millions)\tSep 30 2020\tDec 31 2019\nUnearned income discounts and net deferred loan fees and costs excluding PCI\t2677\t4069\n", "q10k_tbl_30": "(Dollars in millions)\tCB&W\tC&CB\tIH\tTotal\nGoodwill January 1 2019\t3906\t3938\t1974\t9818\nMergers and acquisitions\t10134\t4187\t21\t14342\nAdjustments\t0\t0\t(6)\t(6)\nGoodwill December 31 2019\t14040\t8125\t1989\t24154\nMergers and acquisitions\t0\t0\t37\t37\nAdjustments\t1397\t(1719)\t0\t(322)\nGoodwill September 30 2020\t15437\t6406\t2026\t23869\n", "q10k_tbl_31": "\t\tSeptember 30 2020\t\t\t\t\t\tDecember 31 2019\t\t\t\t\n(Dollars in millions)\tGross Carrying Amount\t\tAccumulated Amortization\t\tNet Carrying Amount\t\tGross Carrying Amount\t\tAccumulated Amortization\t\tNet Carrying Amount\nCDI\t\t2599\t\t(730)\t\t1869\t\t2474\t\t(365)\t\t2109\nOther primarily client relationship intangibles\t\t1910\t\t(939)\t\t971\t\t1808\t\t(775)\t\t1033\nTotal\t\t4509\t\t(1669)\t\t2840\t\t4282\t\t(1140)\t\t3142\n", "q10k_tbl_32": "(Dollars in millions)\tSep 30 2020\tDec 31 2019\nUPB of residential mortgage loan servicing portfolio\t253468\t279558\nUPB of residential mortgage loans serviced for others primarily agency conforming fixed rate\t198881\t219347\nMortgage loans sold with recourse\t356\t371\nMaximum recourse exposure from mortgage loans sold with recourse liability\t217\t212\nIndemnification recourse and repurchase reserves\t95\t44\nAs of / For the Nine Months Ended September 30 (Dollars in millions)\t2020\t2019\nUPB of residential mortgage loans sold from LHFS\t36069\t11108\nPre-tax gains recognized on mortgage loans sold and held for sale\t828\t90\nServicing fees recognized from mortgage loans serviced for others\t480\t187\nApproximate weighted average servicing fee on the outstanding balance of residential mortgage loans serviced for others\t0.32%\t0.28%\nWeighted average interest rate on mortgage loans serviced for others\t3.92\t4.09\n", "q10k_tbl_33": "Nine Months Ended September 30 (Dollars in millions)\t2020\t2019\nResidential MSRs carrying value January 1\t2371\t957\nAdditions\t490\t101\nChange in fair value due to changes in valuation inputs or assumptions:\t\t\nPrepayment speeds\t(612)\t(213)\nOAS\t53\t36\nRealization of expected net servicing cash flows passage of time and other\t(539)\t(105)\nResidential MSRs carrying value September 30\t1763\t776\n", "q10k_tbl_34": "\tSeptember 30 2020\t\t\t\tDecember 31 2019\t\t\t\n\tRange\t\tWeighted Average\t\tRange\t\t\tWeighted Average\n(Dollars in millions)\tMin\tMax\t\tMin\t\tMax\t\nPrepayment speed\t14.4%\t31.0%\t16.4%\t\t8.4%\t\t18.6%\t9.6%\nEffect on fair value of a 10% increase\t\t\t(91)\t\t\t\t\t(102)\nEffect on fair value of a 20% increase\t\t\t(173)\t\t\t\t\t(195)\nOAS\t2.9%\t13.9%\t7.5%\t\t4.0%\t\t13.5%\t6.7%\nEffect on fair value of a 10% increase\t\t\t(44)\t\t\t\t\t(54)\nEffect on fair value of a 20% increase\t\t\t(86)\t\t\t\t\t(106)\nComposition of loans serviced for others:\t\t\t\t\t\t\t\t\nFixed-rate residential mortgage loans\t\t\t98.7%\t\t\t\t\t98.5%\nAdjustable-rate residential mortgage loans\t\t\t1.3\t\t\t\t\t1.5\nTotal\t\t\t100.0%\t\t\t\t\t100.0%\nWeighted average life\t\t\t4.5 years\t\t\t\t\t5.4 years\n", "q10k_tbl_35": "(Dollars in millions)\tSep 30 2020\tDec 31 2019\nUPB of CRE mortgages serviced for others\t36410\t70404\nCRE mortgages serviced for others covered by recourse provisions\t8640\t8676\nMaximum recourse exposure from CRE mortgages sold with recourse liability\t2545\t2479\nRecorded reserves related to recourse exposure\t18\t13\nCRE mortgages originated during the year-to-date period\t4063\t8062\nCommercial MSRs at fair value\t228\t247\n", "q10k_tbl_36": "\tSeptember 30 2020\t\tDecember 31 2019\t\n(Dollars in millions)\tOperating Leases\tFinance Leases\tOperating Leases\tFinance Leases\nROU assets\t1547\t38\t1823\t113\nLease liabilities\t1927\t45\t2121\t123\nWeighted average remaining term\t7.0 years\t6.5 years\t7.7 years\t11.4 years\nWeighted average discount rate\t2.5%\t4.9%\t2.6%\t3.4%\n", "q10k_tbl_37": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n(Dollars in millions)\t2020\t2019\t2020\t2019\nOperating lease costs\t87\t48\t280\t146\n", "q10k_tbl_38": "(Dollars in millions)\tSep 30 2020\tDec 31 2019\nAssets held under operating leases (1)\t2155\t2236\nAccumulated depreciation\t(512)\t(391)\nNet\t1643\t1845\n", "q10k_tbl_39": "(Dollars in millions)\tSep 30 2020\tDec 31 2019\nFederal funds purchased\t60\t\t259\t\t\t\t\t\t\t\t\t\t\t\nSecurities sold under agreements to repurchase\t1280\t\t1969\t\t\t\t\t\t\t\t\t\t\t\nFHLB advances\t2650\t\t13480\t\t\t\t\t\t\t\t\t\t\t\nDealer collateral\t463\t\t682\t\t\t\t\t\t\t\t\t\t\t\nMaster notes\t718\t\t493\t\t\t\t\t\t\t\t\t\t\t\nOther short-term borrowings\t1073\t\t1335\t\t\t\t\t\t\t\t\t\t\t\nTotal short-term borrowings\t6244\t\t18218\t\t\t\t\t\t\t\t\t\t\t\n", "q10k_tbl_40": "(Dollars in millions)\tSep 30 2020\tDec 31 2019\nTruist Financial Corporation:\t\t\nFixed rate senior notes\t16029\t14431\nFloating rate senior notes\t900\t1749\nFixed rate subordinated notes\t1288\t1227\nCapital notes\t614\t611\nStructured notes (1)\t109\t112\nTruist Bank:\t\t\nFixed rate senior notes\t12544\t11560\nFloating rate senior notes\t1751\t1554\nFixed rate subordinated notes\t5156\t3872\nFHLB advances\t881\t4141\nOther long-term debt (2)\t1091\t1133\nNonbank subsidiaries:\t\t\nOther long-term debt (3)\t645\t949\nTotal long-term debt\t41008\t41339\n", "q10k_tbl_41": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n\t2020\t2019\t2020\t2019\t\t\t\t\t\t\nCash dividends declared per share\t0.450\t0.450\t1.350\t1.260\t\t\t\t\t\t\n", "q10k_tbl_42": "Three Months Ended September 30 2020 and 2019 (Dollars in millions)\tPension and OPEB Costs\tCash Flow Hedges\tAFS Securities\tOther net\tTotal\nAOCI balance July 1 2019\t(1128)\t(124)\t151\t(18)\t(1119)\nOCI before reclassifications net of tax\t(58)\t3\t116\t0\t61\nAmounts reclassified from AOCI:\t\t\t\t\t\nBefore tax\t27\t14\t2\t0\t43\nTax effect\t7\t4\t0\t0\t11\nAmounts reclassified net of tax\t20\t10\t2\t0\t32\nTotal OCI net of tax\t(38)\t13\t118\t0\t93\nAOCI balance September 30 2019\t(1166)\t(111)\t269\t(18)\t(1026)\nAOCI balance July 1 2020\t(1093)\t(79)\t2022\t(3)\t847\nOCI before reclassifications net of tax\t(25)\t0\t(380)\t1\t(404)\nAmounts reclassified from AOCI:\t\t\t\t\t\nBefore tax\t18\t10\t7\t0\t35\nTax effect\t4\t2\t2\t0\t8\nAmounts reclassified net of tax\t14\t8\t5\t0\t27\nTotal OCI net of tax\t(11)\t8\t(375)\t1\t(377)\nAOCI balance September 30 2020\t(1104)\t(71)\t1647\t(2)\t470\nNine Months Ended September 30 2020 and 2019 (Dollars in millions)\tPension and OPEB Costs\tCash Flow Hedges\tAFS Securities\tOther net\tTotal\nAOCI balance January 1 2019\t(1164)\t(31)\t(500)\t(20)\t(1715)\nOCI before reclassifications net of tax\t(58)\t(88)\t776\t2\t632\nAmounts reclassified from AOCI:\t\t\t\t\t\nBefore tax\t74\t11\t(10)\t0\t75\nTax effect\t18\t3\t(3)\t0\t18\nAmounts reclassified net of tax\t56\t8\t(7)\t0\t57\nTotal OCI net of tax\t(2)\t(80)\t769\t2\t689\nAOCI balance September 30 2019\t(1166)\t(111)\t269\t(18)\t(1026)\nAOCI balance January 1 2020\t(1122)\t(101)\t380\t(1)\t(844)\nOCI before reclassifications net of tax\t(26)\t0\t1411\t(1)\t1384\nAmounts reclassified from AOCI:\t\t\t\t\t\nBefore tax\t58\t39\t(189)\t0\t(92)\nTax effect\t14\t9\t(45)\t0\t(22)\nAmounts reclassified net of tax\t44\t30\t(144)\t0\t(70)\nTotal OCI net of tax\t18\t30\t1267\t(1)\t1314\nAOCI balance September 30 2020\t(1104)\t(71)\t1647\t(2)\t470\nPrimary income statement location of amounts reclassified from AOCI\tOther expense\tNet interest income\tSecurities gains (losses) and Net interest income\tNet interest income\t\n", "q10k_tbl_43": "\t\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n(Dollars in millions)\tIncome Statement Location\t2020\t2019\t2020\t2019\nService cost\tPersonnel expense\t141\t52\t377\t161\nInterest cost\tOther expense\t78\t58\t234\t169\nEstimated return on plan assets\tOther expense\t(217)\t(116)\t(650)\t(343)\nAmortization and other\tOther expense\t20\t29\t58\t80\nNet periodic (benefit) cost\t\t22\t23\t19\t67\n", "q10k_tbl_44": "(Dollars in millions)\tBalance Sheet Location\tSep 30 2020\tDec 31 2019\nInvestments in affordable housing projects:\t\t\t\nCarrying amount\tOther assets\t3877\t3684\nAmount of future funding commitments included in carrying amount\tOther liabilities\t1142\t1271\nLending exposure\tNA\t623\t647\nRenewable energy investments:\t\t\t\nCarrying amount\tOther assets\t148\t81\nAmount of future funding commitments not included in carrying amount\tNA\t163\t246\nPrivate equity and certain other equity method investments:\t\t\t\nCarrying amount\tOther assets\t1460\t1556\nAmount of future funding commitments not included in carrying amount\tNA\t418\t331\n", "q10k_tbl_45": "\t\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n(Dollars in millions)\tIncome Statement Location\t2020\t2019\t2020\t2019\nTax credits:\t\t\t\t\t\nInvestments in affordable housing projects\tProvision for income taxes\t116\t113\t347\t293\nOther community development investments\tProvision for income taxes\t23\t0\t68\t0\nRenewable energy investments\tNA\t32\t0\t134\t0\nAmortization and other changes in carrying amount:\t\t\t\t\t\nInvestments in affordable housing projects\tProvision for income taxes\t119\t65\t346\t203\nOther community development investments\tOther noninterest income\t19\t0\t57\t0\nRenewable energy investments\tOther noninterest income\t1\t0\t3\t0\n", "q10k_tbl_46": "(Dollars in millions)\tSeptember 30 2020\tDecember 31 2019\nCommitments to extend originate or purchase credit\t182731\t177598\nResidential mortgage loans sold with recourse\t356\t371\nCRE mortgages serviced for others covered by recourse provisions\t8640\t8676\nLetters of credit\t4929\t5181\n", "q10k_tbl_47": "(Dollars in millions)\tSep 30 2020\tDec 31 2019\nPledged securities\t21586\t11283\nPledged loans:\t\t\nFRB\t74644\t30238\nFHLB\t73207\t80816\nUnused borrowing capacity:\t\t\nFRB\t51839\t21169\nFHLB\t54424\t37303\n", "q10k_tbl_48": "September 30 2020 (Dollars in millions)\tTotal\tLevel 1\tLevel 2\tLevel 3\tNetting Adjustments (1)\nAssets:\t\t\t\t\t\nTrading assets:\t\t\t\t\t\nU.S. Treasury\t998\t0\t998\t0\t0\nGSE\t257\t0\t257\t0\t0\nAgency MBS - residential\t731\t0\t731\t0\t0\nStates and political subdivisions\t29\t0\t29\t0\t0\nCorporate and other debt securities\t721\t0\t721\t0\t0\nLoans\t1819\t0\t1819\t0\t0\nOther\t115\t105\t10\t0\t0\nTotal trading assets\t4670\t105\t4565\t0\t0\nAFS securities:\t\t\t\t\t\nU.S. Treasury\t2250\t0\t2250\t0\t0\nGSE\t1928\t0\t1928\t0\t0\nAgency MBS - residential\t78994\t0\t78994\t0\t0\nAgency MBS - commercial\t2388\t0\t2388\t0\t0\nStates and political subdivisions\t537\t0\t537\t0\t0\nOther\t35\t0\t35\t0\t0\nTotal AFS securities\t86132\t0\t86132\t0\t0\nLHFS at fair value\t5369\t0\t5369\t0\t0\nMSRs at fair value\t1991\t0\t0\t1991\t0\nOther assets:\t\t\t\t\t\nDerivative assets\t4049\t684\t5309\t228\t(2172)\nEquity securities\t865\t824\t41\t0\t0\nTotal assets\t103076\t1613\t101416\t2219\t(2172)\nLiabilities:\t\t\t\t\t\nDerivative liabilities\t403\t480\t2975\t14\t(3066)\nSecurities sold short\t1060\t30\t1030\t0\t0\nTotal liabilities\t1463\t510\t4005\t14\t(3066)\n", "q10k_tbl_49": "December 31 2019 (Dollars in millions)\tTotal\tLevel 1\tLevel 2\tLevel 3\tNetting Adjustments (1)\nAssets:\t\t\t\t\t\nTrading assets:\t\t\t\t\t\nU.S. Treasury\t227\t0\t227\t0\t0\nGSE\t296\t0\t296\t0\t0\nAgency MBS - residential\t497\t0\t497\t0\t0\nAgency MBS - commercial\t68\t0\t68\t0\t0\nStates and political subdivisions\t82\t0\t82\t0\t0\nNon-agency MBS\t277\t0\t277\t0\t0\nCorporate and other debt securities\t1204\t0\t1204\t0\t0\nLoans\t2948\t0\t2948\t0\t0\nOther\t134\t90\t44\t0\t0\nTotal trading assets\t5733\t90\t5643\t0\t0\nAFS securities:\t\t\t\t\t\nU.S. Treasury\t2276\t0\t2276\t0\t0\nGSE\t1881\t0\t1881\t0\t0\nAgency MBS - residential\t68236\t0\t68236\t0\t0\nAgency MBS - commercial\t1341\t0\t1341\t0\t0\nStates and political subdivisions\t585\t0\t585\t0\t0\nNon-agency MBS\t368\t0\t0\t368\t0\nOther\t40\t0\t40\t0\t0\nTotal AFS securities\t74727\t0\t74359\t368\t0\nLHFS\t5673\t0\t5673\t0\t0\nMSRs\t2618\t0\t0\t2618\t0\nOther assets:\t\t\t\t\t\nDerivative assets\t2053\t606\t3620\t34\t(2207)\nEquity securities\t817\t815\t2\t0\t0\nPrivate equity investments\t440\t0\t0\t440\t0\nTotal assets\t92061\t1511\t89297\t3460\t(2207)\nLiabilities:\t\t\t\t\t\nDerivative liabilities\t366\t204\t3117\t15\t(2970)\nSecurities sold short\t1074\t18\t1056\t0\t0\nTotal liabilities\t1440\t222\t4173\t15\t(2970)\n", "q10k_tbl_50": "Three Months Ended (Dollars in millions)\tTrading Assets\tNon-agency MBS\tMSRs\tNet Derivatives\tPrivate Equity Investments\nBalance at July 1 2019\t0\t382\t970\t7\t449\nTotal realized and unrealized gains (losses):\t\t\t\t\t\nIncluded in earnings\t0\t15\t(79)\t53\t6\nIncluded in unrealized net holding gains (losses) in OCI\t0\t(8)\t0\t0\t0\nPurchases\t4\t0\t0\t(1)\t34\nIssuances\t0\t0\t69\t30\t0\nSales\t(4)\t0\t0\t0\t(1)\nSettlements\t0\t(15)\t(41)\t(85)\t(21)\nBalance at September 30 2019\t0\t374\t919\t4\t467\nBalance at July 1 2020\t0\t0\t2077\t203\t0\nTotal realized and unrealized gains (losses):\t\t\t\t\t\nIncluded in earnings\t0\t0\t(54)\t128\t0\nIssuances\t0\t0\t192\t229\t0\nSettlements\t0\t0\t(224)\t(346)\t0\nBalance at September 30 2020\t0\t0\t1991\t214\t0\nChange in unrealized gains (losses) included in earnings for the period attributable to assets and liabilities still held at September 30 2020\t0\t0\t(54)\t209\t0\nNine Months Ended September 30 2020 and 2019 (Dollars in millions)\tTrading Assets\tNon-agency MBS\tMSRs\tNet Derivatives\tPrivate Equity Investments\nBalance at January 1 2019\t3\t391\t1108\t12\t393\nTotal realized and unrealized gains (losses):\t\t\t\t\t\nIncluded in earnings\t0\t10\t(184)\t74\t30\nIncluded in unrealized net holding gains (losses) in OCI\t0\t4\t0\t0\t0\nPurchases\t19\t0\t0\t(1)\t102\nIssuances\t0\t0\t121\t64\t0\nSales\t(22)\t0\t0\t0\t(35)\nSettlements\t0\t(31)\t(126)\t(135)\t(23)\nTransfers into Level 3\t0\t0\t0\t(10)\t0\nBalance at September 30 2019\t0\t374\t919\t4\t467\nBalance at January 1 2020\t0\t368\t2618\t19\t440\nTotal realized and unrealized gains (losses):\t\t\t\t\t\nIncluded in earnings\t0\t306\t(616)\t365\t2\nIncluded in unrealized net holding gains (losses) in OCI\t0\t(178)\t0\t0\t0\nPurchases\t0\t0\t0\t0\t27\nIssuances\t0\t0\t523\t655\t0\nSales\t0\t(481)\t0\t0\t0\nSettlements\t0\t(15)\t(534)\t(825)\t(21)\nTransfers out of level 3 and other\t0\t0\t0\t0\t(448)\nBalance at September 30 2020\t0\t0\t1991\t214\t0\nChange in unrealized gains (losses) included in earnings for the period attributable to assets and liabilities still held at September 30 2020\t0\t0\t(601)\t222\t0\nPrimary income statement location of realized gains (losses) included in earnings\tNet interest income\tGain on sale of securities\tResidential mortgage income and Commercial real estate related income\tResidential mortgage income and Commercial real estate related income\tOther income\n", "q10k_tbl_51": "\tSeptember 30 2020\t\t\tDecember 31 2019\t\t\n(Dollars in millions)\tFair Value\tUPB\tDifference\tFair Value\tUPB\tDifference\nTrading loans\t1819\t1916\t(97)\t2948\t2982\t(34)\nLHFS at fair value\t5369\t5113\t256\t5673\t5563\t110\n", "q10k_tbl_52": "\t2020\t\t2019\t\nAs of / For The Nine Months Ended September 30 (Dollars in millions)\tCarrying Value\tValuation Adjustments\tCarrying Value\tValuation Adjustments\nLHFS\t104\t(52)\t0\t0\nLoans and leases\t98\t(38)\t98\t(21)\nForeclosed real estate and other foreclosed property\t60\t(129)\t62\t(180)\n", "q10k_tbl_53": "\t\tSeptember 30 2020\t\tDecember 31 2019\t\n(Dollars in millions)\tFair Value Hierarchy\tCarrying Amount\tFair Value\tCarrying Amount\tFair Value\nFinancial assets:\t\t\t\t\t\nLoans and leases HFI net of ALLL\tLevel 3\t300764\t303210\t298293\t298586\nFinancial liabilities:\t\t\t\t\t\nTime deposits\tLevel 2\t25900\t26085\t35896\t35885\nLong-term debt\tLevel 2\t41008\t42186\t41339\t42051\n", "q10k_tbl_54": "\tSeptember 30 2020\t\t\t\t\tDecember 31 2019\t\t\n\tNotional Amount\t\tFair Value\t\t\tNotional Amount\tFair Value\t\n(Dollars in millions)\t\tAssets\t\tLiabilities\t\tAssets\tLiabilities\nFair value hedges:\t\t\t\t\t\t\t\t\nInterest rate contracts:\t\t\t\t\t\t\t\t\nSwaps hedging long-term debt\t0\t\t0\t\t0\t23701\t113\t(25)\nOptions hedging long-term debt\t0\t\t0\t\t0\t3407\t0\t(2)\nSwaps hedging commercial loans\t0\t\t0\t\t0\t44\t0\t0\nTotal\t0\t\t0\t\t0\t27152\t113\t(27)\nNot designated as hedges:\t\t\t\t\t\t\t\t\nClient-related and other risk management:\t\t\t\t\t\t\t\t\nInterest rate contracts:\t\t\t\t\t\t\t\t\nSwaps\t148742\t\t3872\t\t(924)\t144473\t1817\t(673)\nOptions\t25194\t\t51\t\t(18)\t25938\t28\t(19)\nForward commitments\t2907\t\t2\t\t(2)\t7907\t6\t(7)\nOther\t2884\t\t0\t\t0\t1807\t0\t0\nEquity contracts\t37202\t\t1693\t\t(2131)\t38426\t1988\t(2307)\nCredit contracts:\t\t\t\t\t\t\t\t\nLoans and leases\t738\t\t0\t\t(5)\t894\t0\t(34)\nRisk participation agreements\t7958\t\t0\t\t(11)\t6696\t0\t(2)\nTotal return swaps\t1482\t\t47\t\t(16)\t2531\t27\t(11)\nForeign exchange contracts\t13175\t\t140\t\t(130)\t12986\t144\t(164)\nCommodity\t3053\t\t162\t\t(158)\t2659\t67\t(65)\nTotal\t243335\t\t5967\t\t(3395)\t244317\t4077\t(3282)\nMortgage banking:\t\t\t\t\t\t\t\t\nInterest rate contracts:\t\t\t\t\t\t\t\t\nSwaps\t486\t\t0\t\t0\t535\t0\t0\nInterest rate lock commitments\t10470\t\t228\t\t(4)\t4427\t34\t(2)\nWhen issued securities forward rate agreements and forward commitments\t17684\t\t15\t\t(70)\t11997\t10\t(18)\nOther\t772\t\t0\t\t0\t603\t2\t0\nTotal\t29412\t\t243\t\t(74)\t17562\t46\t(20)\nMSRs:\t\t\t\t\t\t\t\t\nInterest rate contracts:\t\t\t\t\t\t\t\t\nSwaps\t28387\t\t0\t\t0\t19196\t0\t0\nOptions\t216\t\t6\t\t0\t1519\t22\t(2)\nWhen issued securities forward rate agreements and forward commitments\t1508\t\t5\t\t0\t5560\t2\t(5)\nOther\t790\t\t0\t\t0\t567\t0\t0\nTotal\t30901\t\t11\t\t0\t26842\t24\t(7)\nTotal derivatives not designated as hedges\t303648\t\t6221\t\t(3469)\t288721\t4147\t(3309)\nTotal derivatives\t303648\t\t6221\t\t(3469)\t315873\t4260\t(3336)\nGross amounts in the Consolidated Balance Sheets:\t\t\t\t\t\t\t\t\nAmounts subject to master netting arrangements\t\t\t(1707)\t\t1707\t\t(1708)\t1708\nCash collateral (received) posted for amounts subject to master netting arrangements\t\t\t(465)\t\t1359\t\t(499)\t1262\nNet amount\t\t\t4049\t\t(403)\t\t2053\t(366)\n", "q10k_tbl_55": "September 30 2020 (Dollars in millions)\tGross Amount\tAmount Offset\tNet Amount Presented in the Consolidated Balance Sheets\tHeld/Pledged Financial Instruments\tNet Amount\nDerivative assets:\t\t\t\t\t\nDerivatives subject to master netting arrangement or similar arrangement\t4786\t(1693)\t3093\t(4)\t3089\nDerivatives not subject to master netting arrangement or similar arrangement\t751\t0\t751\t(1)\t750\nExchange traded derivatives\t684\t(479)\t205\t0\t205\nTotal derivative assets\t6221\t(2172)\t4049\t(5)\t4044\nDerivative liabilities:\t\t\t\t\t\nDerivatives subject to master netting arrangement or similar arrangement\t(2839)\t2587\t(252)\t20\t(232)\nDerivatives not subject to master netting arrangement or similar arrangement\t(150)\t0\t(150)\t10\t(140)\nExchange traded derivatives\t(480)\t479\t(1)\t0\t(1)\nTotal derivative liabilities\t(3469)\t3066\t(403)\t30\t(373)\nDecember 31 2019 (Dollars in millions)\tGross Amount\tAmount Offset\tNet Amount Presented in the Consolidated Balance Sheets\tHeld/Pledged Financial Instruments\tNet Amount\nDerivative assets:\t\t\t\t\t\nDerivatives subject to master netting arrangement or similar arrangement\t3516\t(2003)\t1513\t(17)\t1496\nDerivatives not subject to master netting arrangement or similar arrangement\t138\t0\t138\t(1)\t137\nExchange traded derivatives\t606\t(204)\t402\t0\t402\nTotal derivative assets\t4260\t(2207)\t2053\t(18)\t2035\nDerivative liabilities:\t\t\t\t\t\nDerivatives subject to master netting arrangement or similar arrangement\t(2939)\t2761\t(178)\t22\t(156)\nDerivatives not subject to master netting arrangement or similar arrangement\t(193)\t5\t(188)\t11\t(177)\nExchange traded derivatives\t(204)\t204\t0\t0\t0\nTotal derivative liabilities\t(3336)\t2970\t(366)\t33\t(333)\n", "q10k_tbl_56": "\tSeptember 30 2020\t\t\tDecember 31 2019\t\t\n\t\tHedge Basis Adjustment\t\t\tHedge Basis Adjustment\t\n(Dollars in millions)\tHedged Asset / Liability Basis\tItems Currently Designated\tDiscontinued Hedges\tHedged Asset / Liability Basis\tItems Currently Designated\tDiscontinued Hedges\nAFS securities\t429\t0\t51\t473\t0\t65\nLoans and leases\t482\t0\t19\t528\t3\t15\nLong-term debt\t28429\t0\t1015\t28557\t174\t23\n", "q10k_tbl_57": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n(Dollars in millions)\t2020\t2019\t2020\t2019\t\t\t\t\t\t\nPre-tax gain (loss) recognized in OCI:\t\t\t\t\t\t\t\t\t\t\nDeposits\t0\t1\t0\t(42)\t\t\t\t\t\t\nShort-term borrowings\t0\t0\t0\t2\t\t\t\t\t\t\nLong-term debt\t0\t2\t0\t(76)\t\t\t\t\t\t\nTotal\t0\t3\t0\t(116)\t\t\t\t\t\t\nPre-tax gain (loss) reclassified from AOCI into interest expense:\t\t\t\t\t\t\t\t\t\t\nDeposits\t(2)\t(1)\t(8)\t0\t\t\t\t\t\t\nShort-term borrowings\t(5)\t(5)\t(13)\t(4)\t\t\t\t\t\t\nLong-term debt\t(3)\t(8)\t(18)\t(7)\t\t\t\t\t\t\nTotal\t(10)\t(14)\t(39)\t(11)\t\t\t\t\t\t\n", "q10k_tbl_58": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n(Dollars in millions)\t2020\t2019\t2020\t2019\t\t\t\t\t\t\nAFS securities:\t\t\t\t\t\t\t\t\t\t\nAmounts related to interest settlements\t0\t0\t0\t0\t\t\t\t\t\t\nRecognized on derivatives\t0\t1\t0\t(16)\t\t\t\t\t\t\nRecognized on hedged items\t(3)\t(3)\t(7)\t10\t\t\t\t\t\t\nNet income (expense) recognized\t(3)\t(2)\t(7)\t(6)\t\t\t\t\t\t\nLoans and leases:\t\t\t\t\t\t\t\t\t\t\nAmounts related to interest settlements\t(1)\t0\t(1)\t0\t\t\t\t\t\t\nRecognized on derivatives\t0\t0\t(3)\t(22)\t\t\t\t\t\t\nRecognized on hedged items\t0\t(1)\t1\t21\t\t\t\t\t\t\nNet income (expense) recognized\t(1)\t(1)\t(3)\t(1)\t\t\t\t\t\t\nLong-term debt:\t\t\t\t\t\t\t\t\t\t\nAmounts related to interest settlements\t78\t(17)\t182\t(55)\t\t\t\t\t\t\nRecognized on derivatives\t(99)\t35\t831\t343\t\t\t\t\t\t\nRecognized on hedged items\t112\t(30)\t(817)\t(326)\t\t\t\t\t\t\nNet income (expense) recognized\t91\t(12)\t196\t(38)\t\t\t\t\t\t\nNet income (expense) recognized total\t87\t(15)\t186\t(45)\t\t\t\t\t\t\n", "q10k_tbl_59": "(Dollars in millions)\tSep 30 2020\tDec 31 2019\nCash flow hedges:\t\t\nNet unrecognized after-tax gain (loss) on terminated hedges recorded in AOCI (to be recognized in earnings through 2022)\t(71)\t(101)\nEstimated portion of net after-tax gain (loss) on active and terminated hedges to be reclassified from AOCI into earnings during the next 12 months\t(37)\t(37)\nFair value hedges:\t\t\nUnrecognized pre-tax net gain (loss) on terminated hedges (to be recognized as interest primarily through 2029)\t945\t(57)\nPortion of pre-tax net gain (loss) on terminated hedges to be recognized as a change in interest during the next 12 months\t306\t(6)\n", "q10k_tbl_60": "\t\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n(Dollars in millions)\tIncome Statement Location\t2020\t2019\t2020\t2019\t\t\t\t\t\t\nClient-related and other risk management:\t\t\t\t\t\t\t\t\t\t\t\nInterest rate contracts\tInvestment banking and trading income and other income\t14\t33\t(13)\t59\t\t\t\t\t\t\nForeign exchange contracts\tInvestment banking and trading income and other income\t(50)\t7\t31\t8\t\t\t\t\t\t\nEquity contracts\tInvestment banking and trading income and other income\t3\t(2)\t(4)\t(2)\t\t\t\t\t\t\nCredit contracts\tInvestment banking and trading income and other income\t(68)\t0\t238\t0\t\t\t\t\t\t\nCommodity contracts\tInvestment banking and trading income\t1\t0\t5\t0\t\t\t\t\t\t\nMortgage banking:\t\t\t\t\t\t\t\t\t\t\t\nInterest rate contracts\tResidential mortgage income\t(137)\t(21)\t(285)\t(55)\t\t\t\t\t\t\nInterest rate contracts\tCommercial real estate related income\t1\t0\t1\t0\t\t\t\t\t\t\nMSRs:\t\t\t\t\t\t\t\t\t\t\t\nInterest rate contracts\tResidential mortgage income\t(3)\t84\t534\t221\t\t\t\t\t\t\nInterest rate contracts\tCommercial real estate related income\t0\t0\t22\t0\t\t\t\t\t\t\nTotal\t\t(239)\t101\t529\t231\t\t\t\t\t\t\n", "q10k_tbl_61": "(Dollars in millions)\tSep 30 2020\tDec 31 2019\nRisk participation agreements:\t\t\nMaximum potential amount of exposure\t525\t291\nTotal return swaps:\t\t\nCash collateral held\t501\t653\n", "q10k_tbl_62": "(Dollars in millions)\tSep 30 2020\tDec 31 2019\nDealer and other counterparties:\t\t\nCash and other collateral received from counterparties\t470\t514\nDerivatives in a net gain position secured by collateral received\t580\t615\nUnsecured positions in a net gain with counterparties after collateral postings\t110\t101\nCash collateral posted to dealer counterparties\t1365\t1255\nDerivatives in a net loss position secured by collateral\t1415\t1300\nAdditional collateral that would have been posted had the Company's credit ratings dropped below investment grade\t3\t12\nCentral counterparties clearing:\t\t\nCash collateral including initial margin posted to central clearing parties\t128\t30\nDerivatives in a net loss position\t29\t31\nDerivatives in a net gain position\t2\t0\nSecurities pledged to central counterparties clearing\t775\t513\n", "q10k_tbl_63": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n(Dollars in millions except per share data shares in thousands)\t2020\t2019\t2020\t2019\t\t\t\t\t\t\nNet income available to common shareholders\t1068\t735\t2956\t2326\t\t\t\t\t\t\nWeighted average number of common shares\t1347916\t766167\t1346605\t765428\t\t\t\t\t\t\nEffect of dilutive outstanding equity-based awards\t10206\t9624\t10569\t9479\t\t\t\t\t\t\nWeighted average number of diluted common shares\t1358122\t775791\t1357174\t774907\t\t\t\t\t\t\nBasic EPS\t0.79\t0.96\t2.20\t3.04\t\t\t\t\t\t\nDiluted EPS\t0.79\t0.95\t2.18\t3.00\t\t\t\t\t\t\nAnti-dilutive awards\t1647\t0\t3267\t0\t\t\t\t\t\t\n", "q10k_tbl_64": "Three Months Ended September 30 (Dollars in millions)\tCB&W\t\t\t\tC&CB\t\t\t\tIH\t\t\t\tOT&C (1)\t\t\t\tTotal\t\t\n2020\t\t2019\t\t2020\t\t2019\t\t2020\t\t2019\t\t2020\t\t2019\t\t2020\t\t2019\t\nNet interest income (expense)\t1856\t\t855\t\t1235\t\t729\t\t31\t\t39\t\t240\t\t77\t\t3362\t\t1700\nNet intersegment interest income (expense)\t338\t\t229\t\t41\t\t(89)\t\t(7)\t\t(11)\t\t(372)\t\t(129)\t\t0\t\t0\nSegment net interest income\t2194\t\t1084\t\t1276\t\t640\t\t24\t\t28\t\t(132)\t\t(52)\t\t3362\t\t1700\nAllocated provision for credit losses\t181\t\t115\t\t311\t\t14\t\t0\t\t2\t\t(71)\t\t(14)\t\t421\t\t117\nSegment net interest income after provision\t2013\t\t969\t\t965\t\t626\t\t24\t\t26\t\t(61)\t\t(38)\t\t2941\t\t1583\nNoninterest income\t990\t\t576\t\t609\t\t271\t\t524\t\t491\t\t87\t\t(35)\t\t2210\t\t1303\nNoninterest expense\t1934\t\t931\t\t843\t\t338\t\t446\t\t435\t\t532\t\t136\t\t3755\t\t1840\nIncome (loss) before income taxes\t1069\t\t614\t\t731\t\t559\t\t102\t\t82\t\t(506)\t\t(209)\t\t1396\t\t1046\nProvision (benefit) for income taxes\t252\t\t149\t\t148\t\t118\t\t25\t\t21\t\t(170)\t\t(70)\t\t255\t\t218\nSegment net income (loss)\t817\t\t465\t\t583\t\t441\t\t77\t\t61\t\t(336)\t\t(139)\t\t1141\t\t828\nIdentifiable assets (period end)\t166361\t\t74145\t\t191091\t\t89139\t\t6999\t\t6744\t\t134732\t\t66722\t\t499183\t\t236750\nNine Months Ended September 30 (Dollars in millions)\tCB&W\t\t\t\tC&CB\t\t\t\tIH\t\t\t\tOT&C (1)\t\t\t\tTotal\t\t\n2020\t\t2019\t\t2020\t\t2019\t\t2020\t\t2019\t\t2020\t\t2019\t\t2020\t\t2019\t\nNet interest income (expense)\t5559\t\t2518\t\t4120\t\t2219\t\t100\t\t108\t\t681\t\t241\t\t10460\t\t5086\nNet intersegment interest income (expense)\t1049\t\t641\t\t(228)\t\t(310)\t\t(28)\t\t(33)\t\t(793)\t\t(298)\t\t0\t\t0\nSegment net interest income\t6608\t\t3159\t\t3892\t\t1909\t\t72\t\t75\t\t(112)\t\t(57)\t\t10460\t\t5086\nAllocated provision for credit losses\t888\t\t368\t\t1244\t\t85\t\t7\t\t7\t\t19\t\t(16)\t\t2158\t\t444\nSegment net interest income after provision\t5720\t\t2791\t\t2648\t\t1824\t\t65\t\t68\t\t(131)\t\t(41)\t\t8302\t\t4642\nNoninterest income\t3062\t\t1665\t\t1687\t\t756\t\t1679\t\t1576\t\t166\t\t(140)\t\t6594\t\t3857\nNoninterest expense\t5895\t\t2711\t\t2606\t\t970\t\t1334\t\t1296\t\t1229\t\t382\t\t11064\t\t5359\nIncome (loss) before income taxes\t2887\t\t1745\t\t1729\t\t1610\t\t410\t\t348\t\t(1194)\t\t(563)\t\t3832\t\t3140\nProvision (benefit) for income taxes\t680\t\t423\t\t329\t\t336\t\t102\t\t89\t\t(441)\t\t(219)\t\t670\t\t629\nSegment net income (loss)\t2207\t\t1322\t\t1400\t\t1274\t\t308\t\t259\t\t(753)\t\t(344)\t\t3162\t\t2511\nIdentifiable assets (period end)\t166361\t\t74145\t\t191091\t\t89139\t\t6999\t\t6744\t\t134732\t\t66722\t\t499183\t\t236750\n", "q10k_tbl_65": "Table 1-1: Taxable-Equivalent Net Interest Income and Rate / Volume Analysis (1)\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nThree Months Ended September 30 (Dollars in millions)\tAverage Balances (5)\t\t\t\tAnnualized Yield/Rate\t\t\t\tIncome/Expense\t\t\tIncr. (Decr.)\tChange due to\t\n2020\t\t2019\t\t2020\t\t2019\t\t2020\t\t2019\t\tRate\tVolume\nAssets\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nTotal securities at amortized cost: (2)\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nU.S. Treasury\t2218\t\t2240\t\t1.78%\t\t2.04%\t\t10\t\t11\t(1)\t(1)\t0\nGSE\t1842\t\t2449\t\t2.33\t\t2.25\t\t10\t\t14\t(4)\t0\t(4)\nAgency MBS\t75232\t\t43415\t\t1.95\t\t2.57\t\t366\t\t279\t87\t(80)\t167\nStates and political subdivisions\t499\t\t566\t\t5.03\t\t3.44\t\t7\t\t5\t2\t3\t(1)\nNon-agency MBS\t0\t\t198\t\t0\t\t18.77\t\t0\t\t9\t(9)\t(5)\t(4)\nOther\t37\t\t32\t\t1.99\t\t3.67\t\t1\t\t0\t1\t1\t0\nTotal securities\t79828\t\t48900\t\t1.97\t\t2.60\t\t394\t\t318\t76\t(82)\t158\nInterest earning trading assets\t4056\t\t668\t\t3.23\t\t2.02\t\t32\t\t3\t29\t3\t26\nOther earning assets (3)\t35819\t\t1798\t\t0.26\t\t2.92\t\t24\t\t14\t10\t(22)\t32\nLoans and leases net of unearned income: (4)\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nCommercial and industrial\t143452\t\t63768\t\t3.02\t\t4.18\t\t1087\t\t671\t416\t(229)\t645\nCRE\t27761\t\t17042\t\t2.88\t\t4.83\t\t203\t\t209\t(6)\t(104)\t98\nCommercial Construction\t6861\t\t3725\t\t3.26\t\t5.11\t\t55\t\t47\t8\t(22)\t30\nLease financing\t5626\t\t2260\t\t3.71\t\t3.17\t\t52\t\t18\t34\t4\t30\nResidential mortgage\t51500\t\t28410\t\t4.47\t\t4.02\t\t576\t\t285\t291\t35\t256\nResidential home equity and direct\t26726\t\t11650\t\t5.86\t\t5.92\t\t394\t\t173\t221\t(2)\t223\nIndirect auto\t24732\t\t11810\t\t6.51\t\t8.84\t\t405\t\t262\t143\t(84)\t227\nIndirect other\t11530\t\t6552\t\t7.05\t\t6.61\t\t204\t\t110\t94\t8\t86\nStudent\t7446\t\t0\t\t4.30\t\t0\t\t80\t\t0\t80\t0\t80\nCredit card\t4810\t\t3036\t\t9.03\t\t9.18\t\t109\t\t71\t38\t(1)\t39\nPCI\t0\t\t411\t\t0\t\t24.23\t\t0\t\t25\t(25)\t0\t(25)\nTotal loans and leases HFI\t310444\t\t148664\t\t4.06\t\t5.00\t\t3165\t\t1871\t1294\t(395)\t1689\nLHFS\t5247\t\t3378\t\t2.78\t\t4.16\t\t37\t\t35\t2\t(14)\t16\nTotal loans and leases\t315691\t\t152042\t\t4.04\t\t4.98\t\t3202\t\t1906\t1296\t(409)\t1705\nTotal earning assets\t435394\t\t203408\t\t3.34\t\t4.38\t\t3652\t\t2241\t1411\t(510)\t1921\nNonearning assets\t65432\t\t29012\t\t\t\t\t\t\t\t\t\t\t\nTotal assets\t500826\t\t232420\t\t\t\t\t\t\t\t\t\t\t\nLiabilities and Shareholders' Equity\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nInterest-bearing deposits:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nInterest-checking\t96707\t\t27664\t\t0.06\t\t0.67\t\t15\t\t47\t(32)\t(71)\t39\nMoney market and savings\t123598\t\t64920\t\t0.06\t\t0.95\t\t19\t\t156\t(137)\t(213)\t76\nTime deposits\t27940\t\t16643\t\t0.89\t\t1.62\t\t62\t\t67\t(5)\t(39)\t34\nForeign office deposits - interest-bearing\t0\t\t265\t\t0\t\t2.13\t\t0\t\t1\t(1)\t0\t(1)\nTotal interest-bearing deposits (6)\t248245\t\t109492\t\t0.15\t\t0.99\t\t96\t\t271\t(175)\t(323)\t148\nShort-term borrowings\t6209\t\t8307\t\t0.85\t\t2.55\t\t13\t\t54\t(41)\t(30)\t(11)\nLong-term debt\t40919\t\t22608\t\t1.48\t\t3.42\t\t152\t\t193\t(41)\t(146)\t105\nTotal interest-bearing liabilities\t295373\t\t140407\t\t0.35\t\t1.47\t\t261\t\t518\t(257)\t(499)\t242\nNoninterest-bearing deposits (6)\t123966\t\t52500\t\t\t\t\t\t\t\t\t\t\t\nOther liabilities\t11853\t\t6769\t\t\t\t\t\t\t\t\t\t\t\nShareholders' equity\t69634\t\t32744\t\t\t\t\t\t\t\t\t\t\t\nTotal liabilities and shareholders' equity\t500826\t\t232420\t\t\t\t\t\t\t\t\t\t\t\nAverage interest-rate spread\t\t\t\t\t2.99%\t\t2.91%\t\t\t\t\t\t\t\nNIM/net interest income\t\t\t\t\t3.10%\t\t3.37%\t\t3391\t\t1723\t1668\t(11)\t1679\nTaxable-equivalent adjustment\t\t\t\t\t\t\t\t\t29\t\t23\t\t\t\n", "q10k_tbl_66": "Table 1-2: Taxable-Equivalent Net Interest Income and Rate / Volume Analysis (1)\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nNine Months Ended September 30 (Dollars in millions)\tAverage Balances (5)\t\t\tAnnualized Yield/Rate\t\t\t\tIncome/Expense\t\tIncr. (Decr.)\t\tChange due to\t\t\n2020\t\t2019\t\t\t2020\t\t2019\t\t2020\t\t2019\t\tRate\tVolume\t\t\t\t\t\t\t\t\t\t\nAssets\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nTotal securities at amortized cost: (2)\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nU.S. Treasury\t2243\t\t2731\t\t\t1.86%\t\t2.03%\t\t31\t\t41\t(10)\t(3)\t(7)\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nGSE\t1847\t\t2436\t\t\t2.33\t\t2.25\t\t32\t\t41\t(9)\t1\t(10)\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nAgency MBS\t72152\t\t41202\t\t\t2.29\t\t2.57\t\t1240\t\t795\t445\t(95)\t540\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nStates and political subdivisions\t512\t\t583\t\t\t4.04\t\t3.85\t\t16\t\t17\t(1)\t1\t(2)\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nNon-agency MBS\t115\t\t271\t\t\t16.78\t\t14.34\t\t15\t\t29\t(14)\t4\t(18)\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nOther\t37\t\t34\t\t\t2.44\t\t3.83\t\t1\t\t1\t0\t0\t0\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nTotal securities\t76906\t\t47257\t\t\t2.31\t\t2.61\t\t1335\t\t924\t411\t(92)\t503\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nInterest earning trading assets\t4695\t\t910\t\t\t3.85\t\t2.20\t\t135\t\t15\t120\t18\t102\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nOther earning assets (3)\t33708\t\t1702\t\t\t0.57\t\t4.30\t\t144\t\t55\t89\t(87)\t176\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nLoans and leases net of unearned income: (4)\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nCommercial and industrial\t142731\t\t62576\t\t\t3.47\t\t4.28\t\t3710\t\t2006\t1704\t(442)\t2146\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nCRE\t27538\t\t16894\t\t\t3.46\t\t4.93\t\t717\t\t626\t91\t(223)\t314\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nCommercial Construction\t6673\t\t3912\t\t\t3.92\t\t5.26\t\t192\t\t151\t41\t(47)\t88\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nLease financing\t5872\t\t2135\t\t\t4.24\t\t3.26\t\t187\t\t52\t135\t20\t115\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nResidential mortgage\t52288\t\t30604\t\t\t4.53\t\t4.05\t\t1778\t\t930\t848\t121\t727\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nResidential home equity and direct\t27161\t\t11673\t\t\t6.08\t\t5.94\t\t1237\t\t517\t720\t13\t707\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nIndirect auto\t24809\t\t11586\t\t\t6.68\t\t8.73\t\t1240\t\t756\t484\t(212)\t696\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nIndirect other\t11255\t\t6277\t\t\t7.19\t\t6.60\t\t606\t\t310\t296\t30\t266\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nStudent\t7622\t\t0\t\t\t4.75\t\t0\t\t271\t\t0\t271\t0\t271\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nCredit card\t5097\t\t2976\t\t\t9.34\t\t9.05\t\t356\t\t203\t153\t7\t146\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nPCI\t0\t\t433\t\t\t0\t\t21.20\t\t0\t\t69\t(69)\t0\t(69)\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nTotal loans and leases HFI\t311046\t\t149066\t\t\t4.42\t\t5.04\t\t10294\t\t5620\t4674\t(733)\t5407\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nLHFS\t5575\t\t1742\t\t\t3.00\t\t4.17\t\t126\t\t54\t72\t(19)\t91\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nTotal loans and leases\t316621\t\t150808\t\t\t4.39\t\t5.03\t\t10420\t\t5674\t4746\t(752)\t5498\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nTotal earning assets\t431930\t\t200677\t\t\t3.72\t\t4.44\t\t12034\t\t6668\t5366\t(913)\t6279\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nNonearning assets\t65780\t\t28429\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nTotal assets\t497710\t\t229106\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nLiabilities and Shareholders' Equity\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nInterest-bearing deposits:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nInterest-checking\t93205\t\t27665\t\t\t0.28\t\t0.64\t\t199\t\t132\t67\t(106)\t173\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nMoney market and savings\t123536\t\t63885\t\t\t0.27\t\t0.98\t\t254\t\t469\t(215)\t(475)\t260\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nTime deposits\t32157\t\t16256\t\t\t1.10\t\t1.57\t\t265\t\t190\t75\t(70)\t145\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nForeign office deposits - interest-bearing\t0\t\t355\t\t\t0\t\t2.36\t\t0\t\t6\t(6)\t0\t(6)\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nTotal interest-bearing deposits (6)\t248898\t\t108161\t\t\t0.39\t\t0.99\t\t718\t\t797\t(79)\t(651)\t572\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nShort-term borrowings\t11350\t\t7443\t\t\t1.46\t\t2.44\t\t124\t\t136\t(12)\t(67)\t55\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nLong-term debt\t47643\t\t23027\t\t\t1.78\t\t3.35\t\t635\t\t578\t57\t(359)\t416\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nTotal interest-bearing liabilities\t307891\t\t138631\t\t\t0.64\t\t1.46\t\t1477\t\t1511\t(34)\t(1077)\t1043\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nNoninterest-bearing deposits (6)\t110375\t\t52489\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nOther liabilities\t12133\t\t6449\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nShareholders' equity\t67311\t\t31537\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nTotal liabilities and shareholders' equity\t497710\t\t229106\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nAverage interest-rate spread\t\t\t\t\t\t3.08%\t\t2.98%\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nNIM/net interest income\t\t\t\t\t\t3.26%\t\t3.43%\t\t10557\t\t5157\t5400\t164\t5236\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nTaxable-equivalent adjustment\t\t\t\t\t\t\t\t\t\t97\t\t71\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n", "q10k_tbl_67": "Table 2: Noninterest Income\t\t\t\t\t\n\tThree Months Ended September 30\t\t\tNine Months Ended September 30\t\n(Dollars in millions)\t2020\t2019\t% Change\t2020\t2019\t% Change\t\t\t\t\t\t\t\t\t\t\t\nInsurance income\t518\t487\t6.4%\t1648\t1563\t5.4%\t\t\t\t\t\t\t\t\t\t\t\nService charges on deposits\t247\t188\t31.4\t754\t540\t39.6\t\t\t\t\t\t\t\t\t\t\t\nWealth management income\t324\t175\t85.1\t945\t509\t85.7\t\t\t\t\t\t\t\t\t\t\t\nCard and payment related fees\t200\t132\t51.5\t558\t399\t39.8\t\t\t\t\t\t\t\t\t\t\t\nResidential mortgage income\t221\t80\t176.3\t807\t220\tNM\t\t\t\t\t\t\t\t\t\t\t\nInvestment banking and trading income\t244\t60\tNM\t636\t135\tNM\t\t\t\t\t\t\t\t\t\t\t\nOperating lease income\t72\t36\t100.0\t232\t106\t118.9\t\t\t\t\t\t\t\t\t\t\t\nIncome from bank-owned life insurance\t46\t29\t58.6\t135\t91\t48.4\t\t\t\t\t\t\t\t\t\t\t\nLending related fees\t77\t24\tNM\t210\t77\t172.7\t\t\t\t\t\t\t\t\t\t\t\nCommercial real estate related income\t55\t32\t71.9\t148\t68\t117.6\t\t\t\t\t\t\t\t\t\t\t\nSecurities gains (losses)\t104\t0\tNM\t402\t0\tNM\t\t\t\t\t\t\t\t\t\t\t\nOther income (loss)\t102\t60\t70.0\t119\t149\t(20.1)\t\t\t\t\t\t\t\t\t\t\t\nTotal noninterest income\t2210\t1303\t69.6\t6594\t3857\t71.0\t\t\t\t\t\t\t\t\t\t\t\n", "q10k_tbl_68": "Table 3: Noninterest Expense\t\t\t\t\t\n\tThree Months Ended September 30\t\t\tNine Months Ended September 30\t\n(Dollars in millions)\t2020\t2019\t% Change\t2020\t2019\t\t\t\t% Change\t\t\t\t\t\t\t\t\nPersonnel expense\t2058\t1161\t77.3%\t6038\t3368\t\t\t\t79.3%\t\t\t\t\t\t\t\t\nNet occupancy expense\t233\t122\t91.0\t697\t360\t\t\t\t93.6\t\t\t\t\t\t\t\t\nProfessional fees and outside processing\t323\t102\tNM\t859\t272\t\t\t\tNM\t\t\t\t\t\t\t\t\nSoftware expense\t221\t77\t187.0\t647\t220\t\t\t\t194.1\t\t\t\t\t\t\t\t\nEquipment expense\t127\t64\t98.4\t363\t197\t\t\t\t84.3\t\t\t\t\t\t\t\t\nMarketing and customer development\t75\t36\t108.3\t215\t92\t\t\t\t133.7\t\t\t\t\t\t\t\t\nOperating lease depreciation\t56\t35\t60.0\t204\t93\t\t\t\t119.4\t\t\t\t\t\t\t\t\nLoan-related expense\t59\t26\t126.9\t177\t81\t\t\t\t118.5\t\t\t\t\t\t\t\t\nAmortization of intangibles\t170\t29\tNM\t513\t93\t\t\t\tNM\t\t\t\t\t\t\t\t\nRegulatory costs\t34\t20\t70.0\t93\t57\t\t\t\t63.2\t\t\t\t\t\t\t\t\nMerger-related and restructuring charges\t236\t34\tNM\t552\t137\t\t\t\tNM\t\t\t\t\t\t\t\t\nLoss (gain) on early extinguishment of debt\t0\t0\t0\t235\t0\t\t\t\tNM\t\t\t\t\t\t\t\t\nOther expense\t163\t134\t21.6\t471\t389\t\t\t\t21.1\t\t\t\t\t\t\t\t\nTotal noninterest expense\t3755\t1840\t104.1\t11064\t5359\t\t\t\t106.5\t\t\t\t\t\t\t\t\n", "q10k_tbl_69": "Table 4: Merger-Related and Restructuring Accrual Activity\t\t\t\t\t\t\t\t\n\tThree Months Ended September 30 2020\t\t\t\tNine Months Ended September 30 2020\t\t\t\t\t\t\t\t\t\n(Dollars in millions)\tAccrual at Jul 1 2020\tExpense\tUtilized\tAccrual at Sep 30 2020\tAccrual at Jan 1 2020\tExpense\tUtilized\tAccrual at Sep 30 2020\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nSeverance and personnel-related\t84\t37\t(84)\t37\t46\t172\t(181)\t37\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nOccupancy and equipment\t0\t78\t(78)\t0\t0\t126\t(126)\t0\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nProfessional services\t3\t96\t(97)\t2\t42\t191\t(231)\t2\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nSystems conversion and related costs\t0\t16\t(16)\t0\t0\t19\t(19)\t0\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nOther adjustments\t1\t9\t4\t14\t1\t44\t(31)\t14\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nTotal (1)\t88\t236\t(271)\t53\t89\t552\t(588)\t53\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n", "q10k_tbl_70": "Table 5: Net Income by Reportable Segment\t\t\t\t\t\n\tThree Months Ended September 30\t\tNine Months Ended September 30\t\t\n(Dollars in millions)\t2020\t2019\t% Change\t2020\t2019\t\t\t\t\t\t\t\t\t\t% Change\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nConsumer Banking and Wealth\t817\t465\t75.7%\t2207\t1322\t\t\t\t\t\t\t\t\t\t66.9%\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nCorporate and Commercial Banking\t583\t441\t32.2\t1400\t1274\t\t\t\t\t\t\t\t\t\t9.9\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nInsurance Holdings\t77\t61\t26.2\t308\t259\t\t\t\t\t\t\t\t\t\t18.9\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nOther Treasury & Corporate\t(336)\t(139)\t141.7\t(753)\t(344)\t\t\t\t\t\t\t\t\t\t118.9\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nTruist Financial Corporation\t1141\t828\t37.8\t3162\t2511\t\t\t\t\t\t\t\t\t\t25.9\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n", "q10k_tbl_71": "Table 6: Loans and Leases as of Period End\t\t\t\t\t\n(Dollars in millions)\tSep 30 2020\tJun 30 2020\tMar 31 2020\tDec 31 2019\tSep 30 2019\nCommercial:\t\t\t\t\t\nCommercial and industrial\t140874\t147141\t149161\t130180\t64324\nCRE\t27474\t27963\t27532\t26832\t17080\nCommercial construction\t6772\t6891\t6630\t6205\t3804\nLease financing\t5493\t5783\t5984\t6122\t2356\nConsumer:\t\t\t\t\t\nResidential mortgage\t50379\t51671\t53096\t52071\t28297\nResidential home equity and direct\t26558\t26935\t27629\t27044\t11646\nIndirect auto\t25269\t24509\t25146\t24442\t11871\nIndirect other\t11527\t11592\t10980\t11100\t6590\nStudent\t7480\t7484\t7771\t6743\t0\nCredit card\t4801\t4856\t5300\t5619\t3058\nPCI\t0\t0\t0\t3484\t387\nTotal loans and leases HFI\t306627\t314825\t319229\t299842\t149413\n", "q10k_tbl_72": "Table 7: Average Loans and Leases\t\t\t\t\t\nFor the Three Months Ended (Dollars in millions)\tSep 30 2020\tJun 30 2020\tMar 31 2020\tDec 31 2019\tSep 30 2019\nCommercial:\t\t\t\t\t\nCommercial and industrial\t143452\t152991\t131743\t81853\t63768\nCRE\t27761\t27804\t27046\t19896\t17042\nCommercial construction\t6861\t6748\t6409\t4506\t3725\nLease financing\t5626\t5922\t6070\t3357\t2260\nConsumer:\t\t\t\t\t\nResidential mortgage\t51500\t52380\t52993\t34824\t28410\nResidential home equity and direct\t26726\t27199\t27564\t15810\t11650\nIndirect auto\t24732\t24721\t24975\t15390\t11810\nIndirect other\t11530\t11282\t10950\t7772\t6552\nStudent\t7446\t7633\t7787\t1825\t0\nCredit card\t4810\t4949\t5534\t3788\t3036\nPCI\t0\t0\t0\t1220\t411\nTotal average loans and leases HFI\t310444\t321629\t301071\t190241\t148664\n", "q10k_tbl_73": "Table 8: Client Accommodations (1)\t\t\t\t\t\n\tActive Accommodations\t\tExited Accommodations\t\t\nSeptember 30 2020 (Dollars in millions)\tTotal Count\tOutstanding Balance\tOutstanding Balance\t% Paid-off or Current (2)\tTypes of Accommodations\nCommercial\t1056\t692\t21479\t98.0%\tClients may elect to defer loan or lease payments for up to 90 days without late fees being incurred but with finance charges continuing to accrue.\nConsumer\t164303\t6113\t6062\t94.3\tClients may elect to defer loan payments for time periods that range from 30 to 90 days without late fees being incurred but with finance charges generally continuing to accrue.\nCredit card\t9998\t53\t165\t95.5\tClients may elect to defer payments for up to 90 days without late fees being incurred but with financing charges accruing. In addition Truist provided credit card clients with 5% cash back on qualifying card purchases for certain important basic needs.\nTotal\t175357\t6858\t27706\t\t\n", "q10k_tbl_74": "Table 9: Accommodations Exposure\t\nSeptember 30 2020 (Dollars in billions)\tExposure\nCurrent\t27273\nPast due and still accruing\t229\nNonperforming\t204\nTotal\t27706\n", "q10k_tbl_75": "Table 10: Selected Credit Exposures\t\t\nSeptember 30 2020 (Dollars in billions)\tOutstanding Balance\tPercentage of Loans HFI\nHotels Resorts & Cruise Lines\t6.8\t2.2%\nSenior Care\t6.0\t2.0\nOil & Gas Portfolio\t5.2\t1.7\nAcute Care Facilities\t4.7\t1.5\nRestaurants\t2.9\t1.0\nSensitive Retail\t2.3\t0.7\nTotal\t27.9\t9.1%\nAdditional exposures (inclusive of above industries):\t\t\nLeveraged lending\t8.6\t2.8%\nSmall secured real estate\t4.6\t1.5\n", "q10k_tbl_76": "Table 11: Asset Quality\t\t\t\t\t\n(Dollars in millions)\tSep 30 2020\tJun 30 2020\tMar 31 2020\tDec 31 2019\tSep 30 2019\nNPAs:\t\t\t\t\t\nNPLs:\t\t\t\t\t\nCommercial and industrial\t507\t428\t443\t212\t172\nCRE\t52\t42\t18\t10\t27\nCommercial construction\t7\t13\t2\t0\t2\nLease financing\t32\t56\t27\t8\t2\nResidential mortgage\t205\t198\t248\t55\t106\nResidential home equity and direct\t180\t192\t170\t67\t56\nIndirect auto\t137\t155\t125\t100\t81\nIndirect other\t4\t3\t1\t2\t1\nTotal NPLs HFI\t1124\t1087\t1034\t454\t447\nLoans held for sale\t130\t102\t41\t107\t0\nTotal nonaccrual loans and leases\t1254\t1189\t1075\t561\t447\nForeclosed real estate\t30\t43\t63\t82\t33\nOther foreclosed property\t30\t20\t39\t41\t29\nTotal nonperforming assets\t1314\t1252\t1177\t684\t509\nTDRs:\t\t\t\t\t\nPerforming TDRs:\t\t\t\t\t\nCommercial and industrial\t84\t57\t65\t47\t69\nCRE\t36\t22\t7\t6\t6\nCommercial construction\t1\t36\t36\t37\t1\nLease financing\t1\t1\t1\t0\t0\nResidential mortgage\t640\t533\t513\t470\t570\nResidential home equity and direct\t71\t71\t66\t51\t54\nIndirect auto\t336\t342\t350\t333\t324\nIndirect other\t5\t4\t5\t5\t4\nStudent\t5\t4\t1\t0\t0\nCredit card\t38\t37\t35\t31\t29\nTotal performing TDRs\t1217\t1107\t1079\t980\t1057\nNonperforming TDRs\t140\t111\t121\t82\t115\nTotal TDRs\t1357\t1218\t1200\t1062\t1172\nLoans 90 days or more past due and still accruing: (1)\t\t\t\t\t\nCommercial and industrial\t6\t9\t5\t1\t0\nCRE\t8\t3\t1\t0\t0\nLease financing\t0\t1\t0\t0\t0\nResidential mortgage\t573\t521\t610\t543\t347\nResidential home equity and direct\t5\t9\t10\t9\t8\nIndirect auto\t8\t10\t11\t11\t9\nIndirect other\t3\t3\t2\t2\t0\nStudent\t570\t478\t1068\t188\t0\nCredit card\t24\t38\t41\t22\t15\nPCI\t0\t0\t0\t1218\t24\nTotal loans 90 days or more past due and still accruing\t1197\t1072\t1748\t1994\t403\nLoans 30-89 days past due and still accruing: (1)\t\t\t\t\t\nCommercial and industrial\t155\t282\t262\t94\t34\nCRE\t7\t6\t8\t5\t1\nCommercial construction\t0\t1\t16\t1\t0\nLease financing\t9\t10\t8\t2\t1\nResidential mortgage\t796\t703\t679\t498\t432\nResidential home equity and direct\t103\t108\t156\t122\t56\nIndirect auto\t321\t265\t521\t560\t380\nIndirect other\t52\t50\t74\t85\t43\nStudent\t666\t442\t593\t650\t0\nCredit card\t39\t34\t57\t56\t29\nPCI\t0\t0\t0\t140\t16\nTotal loans 30-89 days past due and still accruing\t2148\t1901\t2374\t2213\t992\n", "q10k_tbl_77": "Table 12: Asset Quality Ratios\t\t\t\t\t\nAs of / For the Three Months Ended\tSep 30 2020\tJun 30 2020\tMar 31 2020\tDec 31 2019\tSep 30 2019\nLoans 30-89 days past due and still accruing as a percentage of loans and leases HFI\t0.70%\t0.60%\t0.74%\t0.74%\t0.66%\nLoans 90 days or more past due and still accruing as a percentage of loans and leases HFI\t0.39\t0.34\t0.55\t0.66\t0.27\nNPLs as a percentage of loans and leases HFI\t0.37\t0.35\t0.32\t0.15\t0.30\nNonperforming loans and leases as a percentage of loans and leases (1)\t0.40\t0.37\t0.33\t0.18\t0.30\nNPAs as a percentage of:\t\t\t\t\t\nTotal assets (1)\t0.26\t0.25\t0.23\t0.14\t0.22\nLoans and leases HFI plus foreclosed property\t0.39\t0.37\t0.36\t0.19\t0.34\nNet charge-offs as a percentage of average loans and leases HFI\t0.42\t0.39\t0.36\t0.40\t0.41\nALLL as a percentage of loans and leases HFI\t1.91\t1.81\t1.63\t0.52\t1.05\nRatio of ALLL to:\t\t\t\t\t\nNet charge-offs\t4.52x\t4.49x\t4.76x\t2.03x\t2.59x\nNPLs\t5.22x\t5.24x\t5.04x\t3.41x\t3.52x\nLoans 90 days or more past due and still accruing as a percentage of loans and leases HFI excluding PPP other government guaranteed and PCI loans(2)\t0.03%\t0.04%\t0.04%\t0.03%\t0.04%\n", "q10k_tbl_78": "Table 13: Rollforward of NPAs\t\t\n(Dollars in millions)\t2020\t2019\nBalance January 1\t684\t585\nNew NPAs (1)\t2467\t904\nAdvances and principal increases\t255\t127\nDisposals of foreclosed assets (2)\t(333)\t(354)\nDisposals of NPLs (3)\t(521)\t(120)\nCharge-offs and losses\t(443)\t(215)\nPayments\t(553)\t(312)\nTransfers to performing status\t(258)\t(106)\nOther net\t16\t0\nEnding balance September 30\t1314\t509\n", "q10k_tbl_79": "Table 14: Rollforward of Performing TDRs\t\t\n(Dollars in millions)\t2020\t2019\nBalance January 1\t980\t1119\nInflows\t646\t404\nPayments and payoffs\t(167)\t(144)\nCharge-offs\t(34)\t(48)\nTransfers to nonperforming TDRs\t(65)\t(57)\nRemoval due to the passage of time\t(6)\t(17)\nNon-concessionary re-modifications\t(2)\t(8)\nTransferred to LHFS and/or sold\t(135)\t(192)\nBalance September 30\t1217\t1057\n", "q10k_tbl_80": "Table 15: Payment Status of TDRs (1)\t\t\t\t\t\t\t\nSeptember 30 2020 (Dollars in millions)\tCurrent\t\tPast Due 30-89 Days\t\tPast Due 90 Days Or More\t\tTotal\nPerforming TDRs:\t\t\t\t\t\t\t\nCommercial:\t\t\t\t\t\t\t\nCommercial and industrial\t84\t100.0%\t0\t-%\t0\t-%\t84\nCRE\t36\t100.0\t0\t0\t0\t0\t36\nCommercial construction\t1\t100.0\t0\t0\t0\t0\t1\nLease financing\t1\t100.0\t0\t0\t0\t0\t1\nConsumer:\t\t\t\t\t\t\t\nResidential mortgage\t376\t58.8\t114\t17.8\t150\t23.4\t640\nResidential home equity and direct\t68\t95.8\t3\t4.2\t0\t0\t71\nIndirect auto\t306\t91.1\t30\t8.9\t0\t0\t336\nIndirect other\t5\t100.0\t0\t0\t0\t0\t5\nStudent\t5\t100.0\t0\t0\t0\t0\t5\nCredit card\t34\t89.5\t3\t7.9\t1\t2.6\t38\nTotal performing TDRs\t916\t75.3\t150\t12.3\t151\t12.4\t1217\nNonperforming TDRs\t72\t51.5\t23\t16.4\t45\t32.1\t140\nTotal TDRs\t988\t72.9\t173\t12.7\t196\t14.4\t1357\n", "q10k_tbl_81": "Table 16: Activity in ACL\t\t\t\t\t\t\t\n\tFor the Three Months Ended\t\t\t\t\tFor the Nine Months Ended\t\nQuarters ended (Dollars in millions)\tSep 30 2020\tJun 30 2020\tMar 31 2020\tDec 31 2019\tSep 30 2019\t2020\t2019\nBalance beginning of period\t6133\t5611\t1889\t1653\t1689\t1889\t1651\nCECL adoption - impact to retained earnings before tax\t0\t0\t2762\t0\t0\t2762\t0\nCECL adoption - reserves on PCD assets\t0\t0\t378\t0\t0\t378\t0\nProvision for credit losses\t421\t844\t893\t171\t117\t2158\t444\nCharge-offs:\t\t\t\t\t\t\t\nCommercial and industrial\t(112)\t(123)\t(39)\t(23)\t(28)\t(274)\t(67)\nCRE\t(44)\t(14)\t(1)\t(5)\t(2)\t(59)\t(28)\nCommercial construction\t(19)\t0\t(3)\t0\t0\t(22)\t0\nLease financing\t(44)\t(4)\t(2)\t(9)\t(1)\t(50)\t(2)\nResidential mortgage\t(4)\t(35)\t(11)\t(8)\t(3)\t(50)\t(13)\nResidential home equity and direct\t(52)\t(65)\t(68)\t(25)\t(24)\t(185)\t(68)\nIndirect auto\t(72)\t(80)\t(142)\t(107)\t(92)\t(294)\t(263)\nIndirect other\t(8)\t(20)\t(18)\t(19)\t(14)\t(46)\t(43)\nStudent\t(6)\t(6)\t(8)\t0\t0\t(20)\t0\nCredit card\t(44)\t(50)\t(53)\t(37)\t(25)\t(147)\t(72)\nTotal charge-offs\t(405)\t(397)\t(345)\t(233)\t(189)\t(1147)\t(556)\nRecoveries:\t\t\t\t\t\t\t\nCommercial and industrial\t20\t21\t17\t6\t5\t58\t19\nCRE\t0\t4\t0\t0\t3\t4\t5\nCommercial construction\t2\t7\t1\t1\t0\t10\t2\nLease financing\t4\t0\t0\t0\t1\t4\t1\nResidential mortgage\t3\t2\t2\t1\t0\t7\t1\nResidential home equity and direct\t16\t15\t15\t10\t6\t46\t20\nIndirect auto\t22\t18\t23\t13\t12\t63\t39\nIndirect other\t4\t7\t7\t5\t3\t18\t12\nStudent\t0\t1\t0\t0\t0\t1\t0\nCredit card\t8\t6\t8\t5\t6\t22\t15\nTotal recoveries\t79\t81\t73\t41\t36\t233\t114\nNet charge-offs\t(326)\t(316)\t(272)\t(192)\t(153)\t(914)\t(442)\nOther\t1\t(6)\t(39)\t257\t0\t(44)\t0\nBalance end of period\t6229\t6133\t5611\t1889\t1653\t6229\t1653\nALLL (excluding PCD / PCI loans)\t5675\t5408\t4880\t1541\t1565\t\t\nALLL for PCD / PCI loans\t188\t294\t331\t8\t8\t\t\nRUFC\t366\t431\t400\t340\t80\t\t\nTotal ACL\t6229\t6133\t5611\t1889\t1653\t\t\n", "q10k_tbl_82": "Table 17: Allocation of ALLL by Category\t\t\t\t\t\t\n\tSeptember 30 2020\t\t\tDecember 31 2019\t\t\n(Dollars in millions)\tAmount\t% ALLL in Each Category\t% Loans in Each Category\tAmount\t% ALLL in Each Category\t% Loans in Each Category\nCommercial and industrial\t2185\t37.2%\t45.9%\t560\t36.1%\t43.4%\nCRE\t502\t8.6\t9.0\t150\t9.7\t8.9\nCommercial construction\t134\t2.3\t2.2\t52\t3.4\t2.1\nLease financing\t53\t0.9\t1.8\t10\t0.6\t2.0\nResidential mortgage\t424\t7.2\t16.4\t176\t11.4\t17.4\nResidential home equity and direct\t704\t12.0\t8.7\t107\t6.9\t9.0\nIndirect auto\t1189\t20.3\t8.2\t304\t19.6\t8.2\nIndirect other\t222\t3.8\t3.8\t60\t3.9\t3.7\nStudent\t130\t2.2\t2.4\t0\t0\t2.2\nCredit card\t320\t5.5\t1.6\t122\t7.9\t1.9\nPCI\t0\t0\t0\t8\t0.5\t1.2\nTotal ALLL\t5863\t100.0%\t100.0%\t1549\t100.0%\t100.0%\nRUFC\t366\t\t\t340\t\t\nTotal ACL\t6229\t\t\t1889\t\t\n", "q10k_tbl_83": "Table 18: Other Assets as of Period End\t\t\n(Dollars in millions)\tSeptember 30 2020\tDecember 31 2019\nBank-owned life insurance\t6461\t6383\nTax credit and other private equity investments\t5615\t5448\nPrepaid pension assets\t3996\t3579\nAccounts receivable\t1832\t2418\nDerivative assets\t4049\t2053\nLeased assets and related assets\t1808\t1897\nROU assets\t1547\t1823\nAccrued income\t1938\t1807\nPrepaid expenses\t1194\t1254\nStructured real estate\t836\t987\nEquity securities at fair value\t865\t817\nFHLB stock\t165\t764\nOther\t713\t2602\nTotal other assets\t31019\t31832\n", "q10k_tbl_84": "Table 19: Deposits as of Period End\t\t\t\t\t\n(Dollars in millions)\tSep 30 2020\tJun 30 2020\tMar 31 2020\tDec 31 2019\tSep 30 2019\nNoninterest-bearing deposits\t124297\t122694\t97618\t92405\t52667\nInterest checking\t98694\t99005\t92950\t85492\t27723\nMoney market and savings\t121856\t123974\t124072\t120934\t64454\nTime deposits\t25900\t30562\t35539\t35896\t16526\nForeign office deposits - interest-bearing\t0\t0\t0\t0\t910\nTotal deposits\t370747\t376235\t350179\t334727\t162280\n", "q10k_tbl_85": "Table 20: Average Deposits\t\t\t\t\t\nThree Months Ended (Dollars in millions)\tSep 30 2020\tJun 30 2020\tMar 31 2020\tDec 31 2019\tSep 30 2019\nNoninterest-bearing deposits\t123966\t113875\t93135\t64485\t52500\nInterest checking\t96707\t97863\t85008\t43246\t27664\nMoney market and savings\t123598\t126071\t120936\t79903\t64920\nTime deposits\t27940\t33009\t35570\t23058\t16643\nForeign office deposits - interest-bearing\t0\t0\t0\t24\t265\nTotal average deposits\t372211\t370818\t334649\t210716\t161992\n", "q10k_tbl_86": "Table 21: Interest Sensitivity Simulation Analysis\t\t\t\t\t\t\t\t\nInterest Rate Scenario\t\t\t\t\t\tAnnualized Hypothetical Percentage Change in Net Interest Income\t\t\nLinear Change in Prime Rate (bps)\t\tPrime Rate\t\t\t\n\tSep 30 2020\t\tSep 30 2019\t\tSep 30 2020\t\tSep 30 2019\nUp 100\t\t4.25%\t\t6.00%\t\t3.43%\t\t(0.56)%\nUp 50\t\t3.75\t\t5.50\t\t2.68\t\t(0.14)\nNo Change\t\t3.25\t\t5.00\t\t0\t\t0\nDown 25 (1)\t\t3.00\t\t4.75\t\t(1.62)\t\t(0.22)\nDown 50 (1)\t\t2.75\t\t4.50\t\t(1.94)\t\t(0.55)\n", "q10k_tbl_87": "Table 22: Deposit Mix Sensitivity Analysis\t\t\nLinear Change in Rates (bps)\tBase Scenario at September302020 (1)\tResults Assuming a $10 Billion Decrease in Noninterest-Bearing Demand Deposits\t\t\t\t\t\t\nUp 100\t3.43%\t3.02%\t\t\t\t\t\t\nUp 50\t2.68\t2.38\t\t\t\t\t\t\n", "q10k_tbl_88": "Table 23: EVE Simulation Analysis\t\nChange in Interest Rates (bps)\tHypothetical Percentage Change in EVE\t\t\t\t\t\t\n\t\tSep 30 2020\t\t\t\t\t\tSep 30 2019\t\t\nUp 100\t\t\t\t\t7.4%\t\t\t\t\t\t3.2%\t\t\nNo Change\t\t\t\t\t0\t\t\t\t\t\t0\t\t\nDown 100\t\t\t\t\t(6.8)\t\t\t\t\t\t(13.2)\t\t\n", "q10k_tbl_89": "Table 24: VaR-based Measures\t\t\t\t\t\t\t\t\n\tThree Months Ended September 30\t\t\t\tNine Months Ended September 30\t\t\t\n\t2020\t\t2019\t\t2020\t\t2019\t\n(Dollars in millions)\t10-Day Holding Period\t1-Day Holding Period\t10-Day Holding Period\t1-Day Holding Period\t10-Day Holding Period\t1-Day Holding Period\t10-Day Holding Period\t1-Day Holding Period\nVaR-based Measures:\t\t\t\t\t\t\t\t\nMaximum\t65\t11\t1\t1\t65\t11\t2\t1\nAverage\t31\t6\t1\t0\t23\t5\t1\t0\nMinimum\t13\t3\t0\t0\t3\t1\t0\t0\nPeriod-end\t46\t8\t1\t0\t46\t8\t1\t0\nVaR by Risk Class:\t\t\t\t\t\t\t\t\nInterest Rate Risk\t\t1\t\t0\t\t1\t\t0\nCredit Spread Risk\t\t10\t\t0\t\t10\t\t0\nEquity Price Risk\t\t2\t\t0\t\t2\t\t0\nForeign Exchange Risk\t\t0\t\t0\t\t0\t\t0\nPortfolio Diversification\t\t(6)\t\t0\t\t(6)\t\t0\nPeriod-end\t\t8\t\t0\t\t8\t\t0\n", "q10k_tbl_90": "Table 25: Stressed VaR-based Measures - 10 Day Holding Period\t\t\t\t\n\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n(Dollars in millions)\t2020\t2019\t2020\t2019\nMaximum\t65\t4\t65\t6\nAverage\t31\t3\t31\t4\nMinimum\t14\t2\t13\t2\nPeriod-end\t46\t2\t46\t2\n", "q10k_tbl_91": "Table 26: Capital Requirements and Targets\t\t\t\t\t\t\n\tMinimum Capital\t\tWell Capitalized\t\tMinimum Capital Plus Capital Conservation Buffer (3)\tTruist Targets (1)\t\t\t\n\t\tTruist\tTruist Bank\t\tInterim Operating (2)\tStressed\nCET1\t4.5%\t\tNA\t6.5%\t7.0%\t8.0%\t\t\t\t7.0%\t\t\nTier 1 capital\t6.0\t\t6.0\t8.0\t8.5\t9.3\t\t\t\t8.5\t\t\nTotal capital\t8.0\t\t10.0\t10.0\t10.5\t11.3\t\t\t\t10.5\t\t\nLeverage ratio\t4.0\t\tNA\t5.0\tNA\t7.5\t\t\t\t7.0\t\t\nSupplementary leverage ratio\t3.0\t\tNA\tNA\tNA\t6.5\t\t\t\t6.0\t\t\n", "q10k_tbl_92": "Table 27: Capital Ratios - Truist Financial Corporation\t\t\n(Dollars in millions except per share data shares in thousands)\tSep 30 2020\tDec 31 2019\nRisk-based:\t(preliminary)\t\nCET1 capital to risk-weighted assets\t10.0%\t9.5%\nTier 1 capital to risk-weighted assets\t12.2\t10.8\nTotal capital to risk-weighted assets\t14.6\t12.6\nLeverage ratio\t9.6\t14.7\nSupplementary leverage ratio\t8.9\tNA\nNon-GAAP capital measure (1):\t\t\nTangible common equity per common share\t26.63\t25.93\nCalculation of tangible common equity (1):\t\t\nTotal shareholders' equity\t69973\t66558\nLess:\t\t\nPreferred stock\t8048\t5102\nNoncontrolling interests\t106\t174\nGoodwill and intangible assets net of deferred taxes\t25923\t26482\nTangible common equity\t35896\t34800\nRisk-weighted assets\t377045\t376056\nCommon shares outstanding at end of period\t1348118\t1342166\n", "q10k_tbl_93": "Table 28: Share Repurchase Activity\t\t\t\t\n(Dollars in millions except per share data shares in thousands)\tTotal Shares Repurchased (1)\tAverage Price Paid Per Share (2)\tTotal Shares Repurchased Pursuant to Publicly-Announced Plan\tMaximum Remaining Dollar Value of Shares Available for Repurchase Pursuant to Publicly-Announced Plan\nJuly 2020\t1\t36.42\t0\t0\nAugust 2020\t0\t0\t0\t0\nSeptember 2020\t0\t0\t0\t0\nTotal\t1\t36.42\t0\t\n", "q10k_tbl_94": "Exhibit No.\tDescription\tLocation\n3.1\tArticles of Amendment of the Company with respect to Series R Non-Cumulative Perpetual Preferred Stock filed on July 31 2020.\tIncorporated by reference from Ex. 4.1 of the Company's Form 8-K filed August 3 2020.\n11\tStatement re computation of earnings per share.\tFiled herewith as Computation of EPS note to the consolidated financial statements.\n31.1\tCertification of Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.\tFiled herewith.\n31.2\tCertification of Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.\tFiled herewith.\n32\tCertification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.\tFiled herewith.\n101.INS\tXBRL Instance Document - the instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document.\tFiled herewith.\n101.SCH\tXBRL Taxonomy Extension Schema.\tFiled herewith.\n101.CAL\tXBRL Taxonomy Extension Calculation Linkbase.\tFiled herewith.\n101.LAB\tXBRL Taxonomy Extension Label Linkbase.\tFiled herewith.\n101.PRE\tXBRL Taxonomy Extension Presentation Linkbase.\tFiled herewith.\n101.DEF\tXBRL Taxonomy Definition Linkbase.\tFiled herewith.\n104\tCover Page Interactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits101).\tFiled herewith.\n"}{"bs": "q10k_tbl_4", "is": "q10k_tbl_5", "cf": "q10k_tbl_8"}None
For the quarterly period ended: September 30, 2020
Commission File Number: 1-10853
_____________________________
TRUIST FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
_____________________________________________
North Carolina
56-0939887
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
214 North Tryon Street
Charlotte,
North Carolina
28202
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(336)
733-2000
_____________________________________________
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common Stock, $5 par value
TFC
New York Stock Exchange
Depositary Shares each representing 1/1,000th interest in a share of Series F Non-Cumulative Perpetual Preferred Stock
TFC.PF
New York Stock Exchange
Depositary Shares each representing 1/1,000th interest in a share of Series G Non-Cumulative Perpetual Preferred Stock
TFC.PG
New York Stock Exchange
Depositary Shares each representing 1/1,000th interest in a share of Series H Non-Cumulative Perpetual Preferred Stock
TFC.PH
New York Stock Exchange
Depositary Shares each representing 1/4,000th interest in a share of Series I Perpetual Preferred Stock
TFC.PI
New York Stock Exchange
5.853% Fixed-to-Floating Rate Normal Preferred Purchase Securities each representing 1/100th interest in a share of Series J Perpetual Preferred Stock
TFC.PJ
New York Stock Exchange
Depositary Shares each representing 1/1,000th interest in a share of Series O Non-Cumulative Perpetual Preferred Stock
TFC.PO
New York Stock Exchange
Depositary Shares each representing 1/1,000th interest in a share of Series R Non-Cumulative Perpetual Preferred Stock
TFC.PR
New York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☒
Accelerated filer
☐
Non-accelerated filer
☐
Smaller reporting company
☐
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐No ☒
At September 30, 2020, 1,348,118,316 shares of the registrant's common stock, $5 par value, were outstanding.