Regulatory Disclosure (TFC 2H25 NSFR Disclosures 4Q25)

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‌Net Stable Funding Ratio Disclosure

Truist Financial Corporation December 31, 2025

(Includes Q3 and Q4 results)

‌Table of Contents

I. Introduction1

Page No.

III. US NSFR Quantitative Disclosure 2

II. Net stable funding ratio 1

IV. Concentrations of funding sources and changes in funding structure 5

‌Introduction‌
Truist Financial Corporation (Truist or the Company) is a financial holding company (FHC) and conducts its business operations through its bank subsidiary, Truist Bank, and other non-bank subsidiaries. Truist is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses.
Truist Bank, the largest subsidiary of Truist Financial Corporation, is a state non-member bank and is supervised by the Federal Deposit Insurance Corporation (FDIC) and North Carolina Office of the Commissioner of Banks, while Truist Financial Corporation is supervised by the Federal Reserve Board (FRB). Truist's non-bank subsidiaries are regulated and supervised by various other regulatory bodies, including the Securities and Exchange Commission and the Financial Industry Regulatory Authority. Truist Bank was chartered in 1872 and is the oldest bank headquartered in North Carolina. Truist Bank is one of the 10 largest commercial banks in the U.S. and provides banking and trust services for clients through its digital platform and 1,927 branches as of December 31, 2025.
In October 2019, the federal banking agencies adopted final rules for Applicability Thresholds for Regulatory Capital and Liquidity Requirements (Tailoring Rule). Under the Tailoring Rule, Truist is subject to the standards applicable to a Category III banking organizations, which generally include Bank Holding Companies with greater than $250 billion, but less than $700 billion, in total consolidated assets and less than $75 billion in certain other risk-related exposures. As a Category III institution, Truist and Truist Bank are subject to a Reduced daily Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR).

‌Net Stable Funding Ratio (NSFR)‌

The U.S. Net Stable Funding Ratio: Liquidity Risk Measurement Standards and Disclosure Requirements (the "NSFR rule") implements a stable funding requirement, known as the net stable funding ratio (NSFR), for certain large banking organizations. The NSFR is a quantitative metric that measures the stability of Truist's funding profile and requires that Truist and Truist Bank maintain minimum amounts of stable liabilities and regulatory capital to support its assets, commitments, and derivative exposures over a one-year time horizon.

The NSFR is expressed as the ratio of available stable funding (ASF) relative to projected minimum funding needs or required stable funding (RSF). Covered companies are required to maintain a minimum NSFR of 100%, summarized as follows:

The NSFR rule considers the differing risk characteristics of a covered company's various assets, liabilities, and certain off-balance sheet commitments and applies different weightings (ASF and RSF factors) to reflect these risk characteristics. ASF and RSF factors are used to determine the numerator and denominator of the NSFR and reflect, respectively, the stability of funding, and the need for assets and commitments to be supported by such funding.

The NSFR serves as a complement to the Liquidity Coverage Ratio (LCR), which promotes shorter-term resilience that requires sufficient liquidity to withstand a 30 calendar-day period of significant stress. Please see Truist's Liquidity Coverage Ratio (LCR) Disclosures found on its website at https://ir.truist.com/other-filings.

Truist prepares its NSFR disclosure based on its consolidated balance sheet. The NSFR Rules for consolidation require Truist to exclude from consolidated ASF any ASF held at the subsidiary level that exceeds the subsidiary's RSF. The rules allow Truist to include any such excess ASF to the degree that the subsidiary can transfer assets to Truist Financial Corporation, considering statutory, regulatory, contractual, or supervisory restrictions. When determining Truist Bank's excess ASF amount under NSFR Rules of consolidation, Truist excludes amounts resulting from transactions between Truist and Truist Bank that are netted under GAAP when preparing the consolidated balance sheet. This results in the exclusion of Truist Bank capital from the calculation of excess ASF when calculating Truist's consolidated NSFR. As such the Total ASF does not equal the sum of its quantitative disclosure components (see section III).

The following table summarizes Truist's average NSFR for the three months ended September 30, 2025 and three months ended December 31, 2025, respectively.

Three months ended September 30, 2025 (dollars in millions)		Average weighted amount (1)
Truist Financial Corporation:
Total ASF (2)	$	344,519
Total adjusted RSF		271,782
NSFR		127 %

(1) Represent the average weighted amount after applying NSFR rule prescribed ASF and RSF rates, respectively.

(2) Excludes average excess ASF at Truist Bank that cannot be transferred.

Three months ended December 31, 2025 (dollars in millions)		Average weighted amount (1)
Truist Financial Corporation:
Total ASF (2)	$	351,319
Total adjusted RSF		276,655
NSFR		127 %

(1) Represent the average weighted amount after applying NSFR rule prescribed ASF and RSF rates, respectively.

(2) Excludes average excess ASF at Truist Bank that cannot be transferred.

Truist's average NSFR is driven by the stability of funding sources coupled with the liquidity characteristics and residual maturities of assets and the contingent liquidity risk from off-balance sheet exposures. For the quarterly periods ended June 30, 2025, September 30, 2025 and December 31, 2025, Truist's average reduced NSFR was 127%, 127%, and 127% respectively, and in compliance with the regulatory minimum for such entities of 100%.

Truist's NSFR for the 3rd quarter of 2025 was the same as the 2nd quarter of 2025, with higher total average weighted ASF offset by higher total average weighted RSF.

Truist's NSFR for the 4th quarter of 2025 was the same as the 3rd quarter of 2025, with higher total average weighted ASF offset by higher total average weighted RSF.

‌U.S. NSFR Quantitative Disclosure‌

The following disclosures present expanded detail on Truist's average NSFR, and average unweighted and weighted amount of ASF items, and RSF items for the three months ended September 30, 2025 and three months ended December 31, 2025, respectively.

Quarter Ended 9/30/25 (dollars in millions)		Average Unweighted Amount					Average Weighted Amount
Quarter Ended 9/30/25 (dollars in millions)		Open Maturity	< 6 Months	6 months to < 1 year	≥ 1 year	Perpetual	Average Weighted Amount
ASF Item
1	Capital and Securities:	$ -	$ 10,874	$ 894	$ 28,051	$ 70,378	$ 98,876
2	NSFR regulatory capital elements	-	-	-	3,141	70,378	73,519
3	Other capital elements and securities	-	10,874	894	24,910	-	25,357
4	Retail Funding:	$ 245,769	$ 2,049	$ 2,096	$ 404	$ -	$ 223,373
5	Stable Deposits	151,986	-	-	-	-	144,386
6	Less Stable Deposits	75,942	-	-	-	-	68,348
7	Sweep deposits, brokered reciprocal deposits, and brokered deposits	17,841	1,847	2,096	404	-	10,537
8	Other retail funding	-	202	-	-	-	101
9	Wholesale Funding:	$ 135,853	$ 24,161	$ 920	$ 10,176	$ -	$ 84,521
10	Operational Deposits	51,362	-	-	-	-	25,681
11	Other wholesale funding	84,491	24,161	920	10,176	-	58,840
	Other liabilities:
12	NSFR derivatives liability amount	1,934
13	Total derivatives liability amount	3,307
14	All other liabilities not included in the above categories	3,435	1,896	7	1,553	-	-
15	Total ASF(1)						$ 344,519
RSF Item
16	Total high-quality liquid assets (HQLA)	$ 61,591	$ 4,991	$ 2,316	$ 81,743	$ -	$ 8,455
17	Level 1 Liquid Assets	39,478	3,932	2,316	48,547	-	-
18	Level 2A Liquid Assets	22,113	1,059	-	33,196	-	8,455
19	Level 2B Liquid Assets	-	-	-	-	-	-
20	Zero percent RSF assets that are not level 1 liquid assets or loans to financial sector entities or their consolidated subsidiaries	$ 1,981	$ 188	$ 7	$ 2,022	$ -	$ -
21	Operational deposits placed at financial sector entities or their consolidated subsidiaries	$ 717	$ -	$ -	$ -	$ -	$ 358
22	Loans and Securities:	$ 12,610	$ 29,692	$ 31,950	$ 254,296	$ -	$ 242,220
23	Loans to financial sector entities secured by level 1 liquid assets	-	1,099	-	-	-	-
24	Loans to financial sector entities secured by assets other than level 1 liquid assets and unsecured loans to financial sector entities	1,261	1,812	2,000	7,299	-	8,759
25	Loans to wholesale customers or counterparties that are not financial sector entities and loans to retail customers or counterparties	10,099	25,465	29,905	185,392	-	189,749
26	Of which: With a risk weight no greater than 20 percent under regulation Q (12 CFR part 217)	-	-	-	2,841	-	1,847
27	Retail mortgages	-	-	-	58,906	-	39,891
28	Of which: With a risk weight of no greater than 50 percent under regulation Q (12 CFR part 217)	-	-	-	50,897	-	33,083
29	Securities that do not qualify as HQLA	1,250	1,316	45	2,699	-	3,820
	Other assets:
30	Commodities	-					-
31	Assets provided as initial margin for derivative transactions and contributions to CCPs' mutualized loss sharing arrangements	313					266
32	NSFR derivatives asset amount	1,677					1,677
33	Total derivatives asset amount	2,407					-
34	RSF for potential derivatives portfolio valuation changes	3,332					166
35	All other assets not included in the above categories, including nonperforming assets	49,470	3,680	271	1,893	-	57,710
36	Undrawn commitments	$177,819					$ 8,891
37	TOTAL RSF prior to application of required stable funding adjustment percentage						$ 319,743
38	Required stable funding adjustment percentage						85 %
39	Total adjusted RSF						$ 271,782
40	Net Stable Funding Ratio						127 %

(1) Totals deduct Truist Bank Excess ASF.

Quarter ended 12/31/25 (dollars in millions)		Average Unweighted Amount					Average Weighted Amount
Quarter ended 12/31/25 (dollars in millions)		Open Maturity	< 6 Months	6 months to < 1 year	≥ 1 year	Perpetual	Average Weighted Amount
ASF Item
1	Capital and Securities:	$ -	$ 5,577	$ 937	$ 29,501	$ 70,714	$ 100,683
2	NSFR regulatory capital elements	-	-	-	2,898	70,714	73,612
3	Other capital elements and securities	-	5,577	937	26,603	-	27,071
4	Retail Funding:	$ 236,906	$ 1,815	$ 1,513	$ 530	$ -	$ 214,333
5	Stable Deposits	149,194	-	-	-	-	141,735
6	Less Stable Deposits	68,083	-	-	-	-	61,275
7	Sweep deposits, brokered reciprocal deposits, and brokered deposits	19,629	1,640	1,513	530	-	11,236
8	Other retail funding	-	175	-	-	-	87
9	Wholesale Funding:	$ 149,127	$ 26,317	$ 3,973	$ 4,170	$ -	$ 90,620
10	Operational Deposits	85,778	-	-	-	-	42,889
11	Other wholesale funding	63,349	26,317	3,973	4,170	-	47,731
	Other liabilities:
12	NSFR derivatives liability amount	1,901
13	Total derivatives liability amount	3,335
14	All other liabilities not included in the above categories	3,828	2,076	12	1,903	-	-
15	Total ASF(1)						$ 351,319
RSF Item
16	Total high-quality liquid assets (HQLA)	$ 57,364	$ 3,155	$ 1,902	$ 82,589	$ -	$ 8,314
17	Level 1 Liquid Assets	34,673	3,006	1,902	50,001	-	-
18	Level 2A Liquid Assets	22,691	149	-	32,588	-	8,314
19	Level 2B Liquid Assets	-	-	-	-	-	-
20	Zero percent RSF assets that are not level 1 liquid assets or loans to financial sector entities or their consolidated subsidiaries	$ 1,694	$ 146	$ 12	$ 2,427	$ -	$ -
21	Operational deposits placed at financial sector entities or their consolidated subsidiaries	$ 465	$ -	$ -	$ -	$ -	$ 233
22	Loans and Securities:	$ 14,197	$ 31,585	$ 31,339	$ 256,503	$ -	$ 245,500
23	Loans to financial sector entities secured by level 1 liquid assets	-	1,084	-	-	-	-
24	Loans to financial sector entities secured by assets other than level 1 liquid assets and unsecured loans to financial sector entities	1,701	1,967	1,906	8,298	-	9,801
25	Loans to wholesale customers or counterparties that are not financial sector entities and loans to retail customers or counterparties	11,188	27,156	29,373	186,798	-	192,054
26	Of which: With a risk weight no greater than 20 percent under regulation Q (12 CFR part 217)	-	-	-	2,913	-	1,893
27	Retail mortgages	-	-	-	58,182	-	39,275
28	Of which: With a risk weight of no greater than 50 percent under regulation Q (12 CFR part 217)	-	-	-	50,900	-	33,085
29	Securities that do not qualify as HQLA	1,308	1,378	59	3,225	-	4,370
	Other assets:
30	Commodities	-					-
31	Assets provided as initial margin for derivative transactions and contributions to CCPs' mutualized loss sharing arrangements	607					516
32	NSFR derivatives asset amount	1,639					1,639
33	Total derivatives asset amount	2,259
34	RSF for potential derivatives portfolio valuation changes	3,373					169
35	All other assets not included in the above categories, including nonperforming assets	50,717	3,695	518	1,666	-	59,872
36	Undrawn commitments	$184,655					$ 9,233
37	TOTAL RSF prior to application of required stable funding adjustment percentage						$ 325,476
38	Required stable funding adjustment percentage						85 %
39	Total adjusted RSF						$ 276,655
40	Net Stable Funding Ratio						127 %

(1) Totals deduct Truist Bank Excess ASF.

‌Concentrations of Funding Sources and Changes in Funding Structure‌

Sources of Funds

Truist's balance sheet is composed of diversified funding sources including deposits, capital markets secured and unsecured funding, and shareholders' equity. Deposits are the primary source of funds for Truist Bank's lending and investing activities. Additionally, Truist Bank may access funding through short- or long-term secured borrowings, through the issuance of unsecured long-term debt, or from inter-company borrowings from the Parent Company. Truist's non-bank subsidiaries are primarily funded through internal funding arrangements or, in the case of Truist Securities, through short-term secured borrowings which are securities sold under repurchase agreements. Truist Bank represents over 98% of Truist total liabilities and equity capital.

Capital markets wholesale funding is managed within liquidity policy tolerances, balance-sheet objectives, interest-rate risk considerations, and Truist's risk appetite framework. Truist management monitors capital markets wholesale funding to ensure appropriate maturity and funding source diversification.

Deposits

Truist has a granular and diversified deposit base comprised largely of core retail and commercial clients. Truist's deposits are a stable and primary source of funding and limit the Company's need for wholesale capital markets funding. Within the NSFR Rule, retail funding is grouped into the following primary categories: 1) stable deposits, 2) less stable deposits, and 3) sweep deposits, brokered reciprocal deposits, and brokered deposits. Wholesale funding is grouped into the primary categories of operational deposits, and other wholesale funding.

Funding Structure

Truist's stable funding mix contributes to the stability of the NSFR. The tables below summarize NSFR weighted funding source concentrations for the three months ended September 30, 2025 and December 31, 2025, respectively.

Funding Concentrations Three months ended September 30, 2025 (dollar in millions)	Average unweighted ASF amount	Average weighted ASF amount (1)	Average weighted ASF Rate (2)
Capital and Securities	$ 110,197 $	98,876		90%
Regulatory capital elements	73,519	73,519	100%
Other capital elements and securities	36,678	25,357	69%
Retail Funding	$ 250,318 $	223,372	89%
Stable deposits	151,986	144,386	95%
Less stable deposits	75,942	68,348	90%
Sweep deposits, brokered reciprocal deposits, and brokered deposits	22,188	10,537	47%
Other retail funding	202	101	50%
Wholesale Funding	$ 171,110 $	84,521	49%
Operational deposits	51,362	25,681	50%
Other wholesale funding	119,748	58,840	49%
Total	$ 531,625 $	406,769	77%

(1) Represent the average weighted amount after applying NSFR rule prescribed ASF rates. Totals do not deduct Truist Bank Excess ASF.

(2) The higher the ASF rate, the higher degree of funding stability.

Funding Concentrations Three months ended December 31, 2025 (dollars in millions)	Average unweighted ASF amount	Average weighted ASF amount (1)	Average weighted ASF Rate (2)
Capital and Securities	$ 106,729 $	100,683	94%
Regulatory capital elements	73,612	73,612	100%
Other capital elements and securities	33,117	27,071	82%
Retail Funding	$ 240,764 $	214,333	89%
Stable deposits	149,194	141,735	95%
Less stable deposits	68,083	61,275	90%
Sweep deposits, brokered reciprocal deposits, and brokered deposits	23,312	11,236	48%
Other retail funding	175	87	50%
Wholesale Funding	$ 183,587 $	90,620	49%
Operational deposits	85,778	42,889	50%
Other wholesale funding	97,809	47,731	49%
Total	$ 531,080 $	405,636	76%

(1) Represent the average weighted amount after applying NSFR rule prescribed ASF rates. Totals do not deduct Truist Bank Excess ASF.

(2) The higher the ASF rate, the higher degree of funding stability.