---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-132563"
form_type: "8-K"
ticker: "TFC"
cik: "0000092230"
company_name: "TRUIST FINANCIAL CORP"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:33:43.685987+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Truist completes sale of TIH for ~$10.1B in cash, executes $27.7B securities repositioning

## Summary
- Sale closed: after-tax cash proceeds ~$10.1B; after-tax gain ~$4.7B; CET1 ratio increased 230 bps to 12.4% pro-forma.
- Sold $27.7B lower-yielding AFS securities; after-tax loss $5.1B in Q2 2024; reinvested ~$18.7B at 5.27% yield.
- Repositioning reduces pro-forma CET1 by 107 bps to 11.4%; no impact to tangible book value per share of $28.80.
- NII estimate raised: Q2 2024 +$160M, FY 2024 +$710M; revenue outlook improved: Q2 rev +1% QoQ, FY rev -0.5% to -1.5%.

## SEC filing metadata
- accession: 0001193125-24-132563
- form_type: 8-K
- ticker: TFC
- cik: 0000092230
- company_name: TRUIST FINANCIAL CORP
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92230/000119312524132563/0001193125-24-132563-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92230/000119312524132563/d816371d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-132563
- JSON: https://secwatch.observer/filing/0001193125-24-132563.json
- Plain text: https://secwatch.observer/filing/0001193125-24-132563.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.