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Loans and ACL
 6 Months Ended
Jun. 30, 2022
Receivables [Abstract]  
Loans and ACL Loans and ACLThe following tables present loans and leases HFI by aging category. Government guaranteed loans are not placed on nonperforming status regardless of delinquency because collection of principal and interest is reasonably assured. The past due status of loans that received a deferral under the CARES Act is generally frozen during the deferral period. In certain limited circumstances, accommodation programs result in the delinquency status being reset to current.
Accruing
June 30, 2022
(Dollars in millions)		Current30-89 Days Past Due90 Days Or More Past Due (1)NonperformingTotal
Commercial:     
Commercial and industrial$149,197 $223 $27 $393 $149,840 
CRE22,117 10 3 19 22,149 
Commercial construction5,150 4 3 — 5,157 
Consumer:
Residential mortgage49,188 535 911 269 50,903 
Residential home equity and direct25,020 156 10 159 25,345 
Indirect auto26,590 584 1 244 27,419 
Indirect other11,874 78 3 6 11,961 
Student4,890 453 801 — 6,144 
Credit card4,668 48 28 — 4,744 
Total$298,694 $2,091 $1,787 $1,090 $303,662 
(1)Includes government guaranteed loans of $884 million in the residential mortgage portfolio and $796 million in the student portfolio.
Accruing
December 31, 2021
(Dollars in millions)		Current30-89 Days Past Due90 Days Or More Past Due (1)NonperformingTotal
Commercial:     
Commercial and industrial$138,225 $130 $13 $394 $138,762 
CRE23,902 20 — 29 23,951 
Commercial construction4,962 2 — 7 4,971 
Consumer:    
Residential mortgage46,033 514 1,009 296 47,852 
Residential home equity and direct24,809 107 9 141 25,066 
Indirect auto25,615 607 1 218 26,441 
Indirect other10,811 64 3 5 10,883 
Student5,357 555 868 — 6,780 
Credit card4,735 45 27 — 4,807 
Total$284,449 $2,044 $1,930 $1,090 $289,513 
(1)Includes government guaranteed loans of $978 million in the residential mortgage portfolio and $864 million in the student portfolio.
The following tables present the amortized cost basis of loans by origination year and credit quality indicator:
June 30, 2022
(Dollars in millions)		Amortized Cost Basis by Origination YearRevolving Credit Loans Converted to TermOther (1)
20222021202020192018Prior Total
Commercial:    
Commercial and industrial:
Pass$24,294 $27,579 $13,238 $10,294 $6,785 $11,523 $52,024 $— $(188)$145,549 
Special mention124 150 325 139 200 45 517 — — 1,500 
Substandard178 324 357 360 183 240 756 — — 2,398 
Nonperforming7 52 13 77 48 25 171 — — 393 
Total24,603 28,105 13,933 10,870 7,216 11,833 53,468 — (188)149,840 
CRE:
Pass2,598 3,801 2,607 4,456 2,956 2,925 690 — (50)19,983 
Special mention10 87 108 177 237 35 — — — 654 
Substandard95 161 168 411 340 318 — — — 1,493 
Nonperforming4 3 1 1 — 10 — — — 19 
Total2,707 4,052 2,884 5,045 3,533 3,288 690 — (50)22,149 
Commercial construction:
Pass768 1,259 1,072 469 201 130 1,008 — (1)4,906 
Special mention2 2 30 53 53 — — — — 140 
Substandard11 3 30 33 34 — — — — 111 
Nonperforming— — — — — — — — — — 
Total781 1,264 1,132 555 288 130 1,008 — (1)5,157 
Consumer:
Residential mortgage:
Current6,223 17,625 6,385 3,235 1,471 14,249 — — — 49,188 
30 - 89 days past due32 50 34 36 38 345 — — — 535 
90 days or more past due2 5 59 76 111 658 — — — 911 
Nonperforming— 3 9 17 21 219 — — — 269 
Total6,257 17,683 6,487 3,364 1,641 15,471 — — — 50,903 
Residential home equity and direct:
Current3,044 3,886 1,928 1,141 444 399 10,624 3,569 (15)25,020 
30 - 89 days past due45 12 8 8 4 2 51 26 — 156 
90 days or more past due— — — — — — 8 2 — 10 
Nonperforming— 5 5 5 2 7 46 89 — 159 
Total3,089 3,903 1,941 1,154 450 408 10,729 3,686 (15)25,345 
Indirect auto:
Current6,833 8,737 5,219 3,265 1,565 971 — — — 26,590 
30 - 89 days past due43 163 118 115 72 73 — — — 584 
90 days or more past due1 — — — — — — — — 1 
Nonperforming5 56 53 60 38 32 — — — 244 
Total6,882 8,956 5,390 3,440 1,675 1,076 — — — 27,419 
Indirect other:
Current3,516 3,386 2,113 1,235 706 918 — — — 11,874 
30 - 89 days past due13 22 16 12 9 6 — — — 78 
90 days or more past due1 1 1 — — — — — — 3 
Nonperforming— 1 1 2 — 2 — — — 6 
Total3,530 3,410 2,131 1,249 715 926 — — — 11,961 
Student:
Current— — 1978634,714 — — 164,890 
30 - 89 days past due— — — — 1450 — — 2453 
90 days or more past due— — — — 1797 — — 3801 
Total— — 1978655,961 — — 216,144 
Credit card:
Current4,648 19 1 4,668 
30 - 89 days past due46 2 — 48 
90 days or more past due27 1 — 28 
Total— — — — — — 4,721 22 1 4,744 
Total$47,849 $67,373 $33,917 $25,755 $15,583 $39,093 $70,616 $3,708 $(232)$303,662 
December 31, 2021
(Dollars in millions)		Amortized Cost Basis by Origination YearRevolving CreditLoans Converted to TermOther (1)
20212020201920182017PriorTotal
Commercial:
Commercial and industrial:
Pass$35,530 $17,430 $14,105 $8,994 $5,633 $9,424 $43,035 $— $(169)$133,982 
Special mention195 221 326 317 46 70 691 — — 1,866 
Substandard352 356 395 197 91 335 794 — — 2,520 
Nonperforming50 19 49 42 16 34 184 — — 394 
Total36,127 18,026 14,875 9,550 5,786 9,863 44,704 — (169)138,762 
CRE:
Pass4,836 2,946 5,109 3,201 1,774 2,131 762 — (61)20,698 
Special mention13 118 483 247 44 83 — — — 988 
Substandard321 264 523 528 321 279 — — — 2,236 
Nonperforming1 1 11 — 9 7 — — — 29 
Total5,171 3,329 6,126 3,976 2,148 2,500 762 — (61)23,951 
Commercial construction:
Pass1,113 1,179 1,259 419 44 95 558 — 12 4,679 
Special mention— 14 72 50 — — — — — 136 
Substandard7 13 45 67 17 — — — — 149 
Nonperforming— — 1 — 5 — — — 1 7 
Total1,120 1,206 1,377 536 66 95 558 — 13 4,971 
Consumer:
Residential mortgage:
Current17,271 6,798 3,642 1,753 2,237 14,240 — — 92 46,033 
30 - 89 days past due58 31 32 40 31 322 — — — 514 
90 or more days past due3 44 91 133 95 643 — — — 1,009 
Nonperforming1 5 18 27 20 226 — — (1)296 
Total17,333 6,878 3,783 1,953 2,383 15,431 — — 91 47,852 
Residential home equity and direct:
Current4,962 2,630 1,717 691 189 425 10,757 3,388 50 24,809 
30 - 89 days past due8 8 10 3 1 3 53 21 — 107 
90 days or more past due— — — — — — 5 4 — 9 
Nonperforming2 3 4 1 — 7 48 75 1 141 
Total4,972 2,641 1,731 695 190 435 10,863 3,488 51 25,066 
Indirect auto:
Current10,699 6,691 4,293 2,158 1,081 504 — — 189 25,615 
30 - 89 days past due119 138 145 97 56 52 — — — 607 
90 days or more past due— — — — — 1 — — — 1 
Nonperforming28 48 61 41 21 19 — — — 218 
Total10,846 6,877 4,499 2,296 1,158 576 — — 189 26,441 
Indirect other:
Current4,333 2,724 1,638 937 455 691 — — 33 10,811 
30 - 89 days past due14 15 15 12 4 4 — — — 64 
90 days or more past due1 1 1 — — — — — — 3 
Nonperforming1 1 1 — — 2 — — — 5 
Total4,349 2,741 1,655 949 459 697 — — 33 10,883 
Student:
Current— 21 88 73 61 5,122 — — (8)5,357 
30 - 89 days past due— — 1 1 1 552 — — — 555 
90 days or more past due— — — — 1 867 — — — 868 
Total— 21 89 74 63 6,541 — — (8)6,780 
Credit card:
Current4,711 24 — 4,735 
30 - 89 days past due43 2 — 45 
90 days or more past due26 1 — 27 
Total— — — — — — 4,780 27 — 4,807 
Total$79,918 $41,719 $34,135 $20,029 $12,253 $36,138 $61,667 $3,515 $139 $289,513 
(1)Includes certain deferred fees and costs and other adjustments.
ACL

The following tables present activity in the ACL:
(Dollars in millions)Balance at Apr 1, 2021Charge-OffsRecoveriesProvision (Benefit)Other (1)Balance at Jun 30, 2021
Commercial:
Commercial and industrial$2,136 $(53)$23 $(302)$— $1,804 
CRE544 — 4 (108)— 440 
Commercial construction77 — 1 (9)— 69 
Consumer:
Residential mortgage343 (4)5 (23)— 321 
Residential home equity and direct707 (57)20 24 — 694 
Indirect auto1,176 (69)27 (18)— 1,116 
Indirect other187 (11)7 (2)— 181 
Student131 (3)— — 1 129 
Credit card361 (42)10 38 — 367 
ALLL5,662 (239)97 (400)1 5,121 
RUFC349 — — (34)— 315 
ACL$6,011 $(239)$97 $(434)$1 $5,436 
(Dollars in millions)Balance at Apr 1, 2022 Charge-OffsRecoveriesProvision (Benefit)Other (1)Balance at Jun 30, 2022
Commercial: 
Commercial and industrial$1,319 $(17)$13 $42 $— $1,357 
CRE283 (1)6 (51)— 237 
Commercial construction53 — 1 (4)— 50 
Consumer:
Residential mortgage310 (2)4 15 — 327 
Residential home equity and direct574 (85)20 79 — 588 
Indirect auto957 (77)26 46 — 952 
Indirect other211 (18)6 29 — 228 
Student115 (4)— (10)(1)100 
Credit card348 (40)9 31 — 348 
ALLL4,170 (244)85 177 (1)4,187 
RUFC253 — — (6)— 247 
ACL$4,423 $(244)$85 $171 $(1)$4,434 
(Dollars in millions)Balance at Jan 1, 2021Charge-OffsRecoveriesProvision (Benefit)Other (1)Balance at Jun 30, 2021
Commercial:
Commercial and industrial$2,204 $(132)$42 $(310)$— $1,804 
CRE573 (4)5 (134)— 440 
Commercial construction81 (2)2 (12)— 69 
Consumer:
Residential mortgage368 (15)7 (39)— 321 
Residential home equity and direct714 (112)38 54 — 694 
Indirect auto1,198 (174)49 43 — 1,116 
Indirect other208 (28)13 (12)— 181 
Student130 (6)— 2 3 129 
Credit card359 (82)19 71 — 367 
ALLL5,835 (555)175 (337)3 5,121 
RUFC364 — — (49)— 315 
ACL$6,199 $(555)$175 $(386)$3 $5,436 
(Dollars in millions)Balance at Jan 1, 2022Charge-OffsRecoveriesProvision (Benefit)Other (1)Balance at Jun 30, 2022
Commercial:      
Commercial and industrial$1,426 $(48)$30 $(51)$— $1,357 
CRE350 (2)7 (118)— 237 
Commercial construction52 (1)2 (3)— 50 
Consumer:     
Residential mortgage308 (4)10 13 — 327 
Residential home equity and direct615 (143)40 76 — 588 
Indirect auto1,022 (179)49 60 — 952 
Indirect other195 (37)12 58 — 228 
Student117 (10)— (7)— 100 
Credit card350 (81)18 61 — 348 
ALLL4,435 (505)168 89 — 4,187 
RUFC260 — — (13)— 247 
ACL$4,695 $(505)$168 $76 $— $4,434 
(1)Includes the amounts for the ALLL for PCD acquisitions, and other activity.

The commercial ALLL decreased $11 million and $184 million and the consumer ALLL increased $28 million and decreased $62 million for the three and six months ended June 30, 2022, respectively. The decreases, with the exception of the consumer portfolio for purposes of the three months ended June 30, 2022 which saw a slight increase, reflect a continued favorable credit environment tempered by uncertainty associated with inflation, supply chain disruption, rising rates, and geopolitical events, partially offset by growth in the loan portfolio.

The RUFC decreased $6 million and $13 million for the three and six months ended June 30, 2022, respectively. The decreases reflect a continued favorable credit environment.

The quantitative models have been designed to estimate losses using macro-economic forecasts over a reasonable and supportable forecast period of two years, followed by a reversion to long-term historical loss conditions over a one-year period. Forecasts of macroeconomic variables used in loss forecasting include, but are not limited to, unemployment trends, US real GDP, corporate credit spreads, rental rates, property values, the primary 30-year mortgage rate, home price indices, and used car prices.

The primary economic forecast incorporates a third-party baseline forecast that is adjusted to reflect Truist’s interest rate outlook. Management also considers optimistic and pessimistic third-party macro-economic forecasts in order to capture uncertainty in the economic environment. These forecasts, along with the primary economic forecast, are weighted 40% baseline, 30% optimistic, and 30% pessimistic in the June 30, 2022 ACL, unchanged since December 31, 2021. While the scenario weightings were unchanged, each forecast scenario reflected a moderate deterioration in certain economic variables over the reasonable and supportable forecast period when compared to the prior period. The primary economic forecast shaping the ACL estimate at June 30, 2022 included GDP growth in the low-single digits and an unemployment rate starting in the low-single digits with a slight increase towards mid-single digits by the end of the reasonable and supportable forecast period.

Quantitative models have certain limitations with respect to estimating expected losses, particularly in times of rapidly changing macro-economic conditions and forecasts. As a result, management believes that the qualitative component of the ACL, which incorporates management’s expert judgment related to expected future credit losses, will continue to be an important component of the ACL for the foreseeable future. The June 30, 2022 ACL estimate includes adjustments to consider the impact of current and expected events or risks not captured by the loss forecasting models, the outcomes of which are uncertain and may not be completely considered by quantitative models. Refer to “Note 1. Basis of Presentation” in Truist’s Annual Report on Form 10-K for the year ended December 31, 2021 for additional information.
NPAs

The following table provides a summary of nonperforming loans and leases, excluding LHFS:
June 30, 2022December 31, 2021
Recorded InvestmentRecorded Investment
(Dollars in millions)Without an ALLLWith an ALLLWithout an ALLLWith an ALLL
Commercial: 
Commercial and industrial$128 $265 $125 $269 
CRE8 11 12 17 
Commercial construction— — — 7 
Consumer:
Residential mortgage4 265 4 292 
Residential home equity and direct2 157 3 138 
Indirect auto4 240 1 217 
Indirect other— 6 — 5 
Total$146 $944 $145 $945 

The following table presents a summary of nonperforming assets and residential mortgage loans in the process of foreclosure:
(Dollars in millions)Jun 30, 2022Dec 31, 2021
Nonperforming loans and leases HFI$1,090 $1,090 
Nonperforming LHFS33 22 
Foreclosed real estate3 8 
Other foreclosed property47 43 
Total nonperforming assets$1,173 $1,163 
Residential mortgage loans in the process of foreclosure$245 $135 

TDRs

The following table presents a summary of TDRs:
(Dollars in millions)Jun 30, 2022Dec 31, 2021
Performing TDRs:  
Commercial:  
Commercial and industrial$105 $147 
CRE5 5 
Commercial construction1 — 
Consumer:
Residential mortgage1,042 692 
Residential home equity and direct84 98 
Indirect auto401 389 
Indirect other6 7 
Student27 25 
Credit card22 27 
Total performing TDRs1,693 1,390 
Nonperforming TDRs204 152 
Total TDRs$1,897 $1,542 
ALLL attributable to TDRs$122 $102 

The primary type of modification for newly designated TDRs is summarized in the tables below. New TDR balances represent the recorded investment at the end of the quarter in which the modification was made. The prior quarter balance represents recorded investment at the beginning of the quarter in which the modification was made. Rate modifications consist of TDRs made with below market interest rates, including those that also have modifications of loan structures.
As of / For the Three Months Ended June 30, 2022As of / For the Six Months Ended June 30, 2022
(Dollars in millions)Type of ModificationPrior Quarter Loan BalanceRelated ALLL at Period EndType of ModificationPrior Quarter Loan BalanceRelated ALLL at Period End
RateStructureRateStructure
Newly designated TDRs:
Commercial$— $1 $1 $— $— $9 $11 $— 
Consumer97 197 293 14 245 388 622 29 
Credit card2 — 2 1 4 — 4 2 
Re-modification of previously designated TDRs9 29 30 40 
As of / For the Three Months Ended June 30, 2021As of / For the Six Months Ended June 30, 2021
Type of ModificationPrior Quarter Loan BalanceRelated ALLL at Period EndType of ModificationPrior Quarter Loan BalanceRelated ALLL at Period End
(Dollars in millions)RateStructureRateStructure
Newly designated TDRs:
Commercial$— $6 $6 $— $27 $109 $153 $13 
Consumer63 71 137 10 138 226 370 23 
Credit card2 — 3 1 6 — 7 3 
Re-modification of previously designated TDRs14 6 28 20 

Unearned Income, Discounts, and Net Deferred Loan Fees and Costs

The following table presents additional information about loans and leases:
(Dollars in millions)Jun 30, 2022Dec 31, 2021
Unearned income, discounts, and net deferred loan fees and costs$329 $849