Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Changes in Accounting Principles and Effects of New Accounting Pronouncements

Changes in Accounting Principles and Effects of New Accounting Standards

The following table provides a summary of significant accounting standards not yet adopted:


Standard / Adoption Date			Description			Effects on the Financial Statements




Standards Not Yet Adopted
Improvements to Income Tax Disclosures / December 31, 2025			Improves the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. It also includes certain other amendments to improve the effectiveness of income tax disclosures.			Truist is evaluating the impact of this standard on its disclosures. This standard relates to footnote disclosures only.
Expense Disaggregation Disclosures / December 31, 2027			Introduces new requirements to disclose additional information about certain types of expenses, including employee compensation, depreciation, intangible asset amortization, and selling expenses. Banks that present a caption for salaries and benefits under SEC rules would be permitted to retain their current definition.			Truist is evaluating the impact of this standard on its disclosures. This standard relates to footnote disclosures only.