v3.25.1
Borrowings (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Schedule of Long-Term Debt, Interest Rates and Maturity Dates
The following table presents a summary of long-term debt:

(Dollars in millions)Mar 31, 2025Dec 31, 2024
Truist Financial Corporation:(1)
Fixed rate senior notes$22,308 $22,134 
Fixed rate subordinated notes(2)
1,827 1,828 
Capital notes(2)
635 634 
Truist Bank:(1)
Fixed rate senior notes501 1,744 
Fixed rate subordinated notes(2)
4,782 4,771 
Floating rate FHLB advances
500 2,400 
Other long-term debt(3)
1,477 1,445 
Total long-term debt$32,030 $34,956 
(1)Certain senior and subordinated notes convert from fixed to floating one year prior to maturity, and are callable within the final year of maturity at par.
(2)Subordinated and capital notes with a remaining maturity of one year or greater qualify under the risk-based capital guidelines as Tier 2 supplementary capital, subject to certain limitations.
(3)Includes debt associated with finance leases, tax credit investments, and other.