Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

The following is a summary of the transaction, including post-closing and tax impact adjustments:


(Dollars in millions)	May 6, 2024
Cash received	$	12,605
Assets of discontinued operations:
Cash and due from banks	93
Interest-bearing deposits with banks	1,952
Premises and equipment	58
Goodwill	3,743
CDI and other intangible assets	1,227
Other assets	2,873
Total assets of discontinued operations	9,946
Liabilities of discontinued operations:
Other liabilities	4,090
Total liabilities of discontinued operations	4,090
Net assets of discontinued operations	5,856
Noncontrolling interest	190

Pre-tax gain	6,939
Current and deferred tax impact	(2,098)
After-tax gain	$	4,841

Summary of Operating Results of TIH

The following presents operating results of TIH classified as discontinued operations:



(Dollars in millions)	Year Ended December 31,
		2024		2023
Interest Income
Interest on other earning assets		$	31	$	68
Total interest income		31		68
Noninterest income
Insurance income		1,319		3,372
Other income		9		20
Total noninterest income		1,328		3,392
Noninterest expense
Personnel expense		898		2,165
Professional fees and outside processing		175		157
Software expense		25		61
Net occupancy expense		22		72
Equipment expense		12		28
Amortization of intangibles		21		132
Marketing and customer development		15		37


Other expense		90		228
Total noninterest expense		1,258		2,880
Earnings
Gain on sale of TIH		6,939		—
Income before income taxes from discontinued operations		7,040		580
Provision for income taxes		2,155		124
Net income from discontinued operations		4,885		456
Noncontrolling interests		22		44
Net income from discontinued operations attributable to controlling interest		$	4,863	$	412

Statement Of Cash Flows Discontinued Operations

The components of net cash provided by operating, investing, and financing activities of discontinued operations included in the Consolidated Statements of Cash Flows are as follows:



(Dollars in millions)	Year Ended December 31,
		2024		2023
Net cash flows from operating activities		$	64	$	985
Net cash flows from investing activities		12,099		(41)
Net cash flows from financing activities		(41)		(954)

TRUIST FINANCIAL CORP 10-K